Author: Early Retirement SG

I really cannot complain about what I have

I was reading Mr15HWW’s recent post… When I got to quality of life… these words resonated with me. I was thinking… how IS my own quality of life? My own and our own quality of life. We have enough to spend and save. We have all the necessities in the house. We aren’t overly stressed. We travel often, it’s both a plus and a minus, cos it’s somewhat disruptive to our daily lives but yet we capitalize on it and try to make the best of it. We get good healthy home cooked food daily. We get to eat...

Read More

EM Contagion

It’s kinda the hot topic now. Is it time? Is it gonna happen? The long awaited market correction? Some of my investment have seen relatively large drops. But I’m ok with that. In the larger scheme of things, it’s not too bad. I’ve seen market rises and falls… The main question is… Will there be contagion? If there’s no contagion, it’s likely the market will drop 10%-20% then recover as the respective governments take corrective measures and get aid. This is a highly likely scenario. IF there is contagion, then there’s a chance that 1997 may happen again. Mainly...

Read More

Hotel frequent stayer rewards

So I think it’s quite obvious. That since we stay at hotels so much, we get some sort of membership status. So where we stay, we get upgraded to bigger rooms king sized beds, annually we get some food vouchers… Stuff like that. And I was thinking. Wow this is such an awesome way to lock in frequent flying customers. Cos now, we always stay at this particular chain of hotels. Why would I bother to stay at another hotel when on biz trips? I’ll have a small room, not as nice amenities, etc. Even when we fly on...

Read More

Where I should have been

Every once in a while… I think back. It’s not easy to be semi-retired. There’s always some self doubt. What if this, what if that… If only I had… And I think… Where would I be if I didn’t leave my job 3-4 years back. I’d probably be in my old job, I used to go to work around 7+ to have a slow cup of coffee. Work til 6 and leave relatively on time. I’d probably be earning… $12k? Maybe… Not sure. I’d have gained more weight. That’s for sure. My AUM would definitely be more cushy. I...

Read More

Is ERSG a lie?

I ask myself that sometimes. I have no answer for it. For people who don’t know my story and background, I live a very normal life. I own an HDB, car, go traveling a lot, go out eat as per normal. My monthly spending isn’t particularly low. Together my wife and I spend somewhere between $3k-$4k per month. Pretty much like other family. And I tell myself… Oh if my wife doesn’t work, our expenses will drop. But that’s the same for everyone. After retirement, most people will see decreased expenses. But yet, I am frugal. For most basic...

Read More

Expense update 31 Aug 2018

I’m doing this update kinda early, cos today is Friday and on Monday I’m flying again. So maybe I miss $5 expense my wife may incur today. ​But oh well… Ok fixed expenses are fixed duhz. Those don’t move. Food and transport are within their usual ranges. Around $200 for food and under $20 for transport. The Biz Expense KL is the flight ticket I’m going to take on Monday. ($137) The AZ food and transport is somewhat covered, but it’s hard to separate out cos of how her claims are processed. ($446.40) Apparel – Wife had to buy...

Read More

Who hasn't lost money on investments?

Any person who’s experienced in investing probably has lost money on investments. Many “investors” are/were traders who tried to trade the market to make some extra short term money. I’m no different. I’ve made some, lost some, on average, I probably made. My best returns are probably just made passively. Sitting on high dividend stocks for some years. Easy, low risk, low volatility, I get good sleep. My worst investments are when I try to execute some trading plan/pattern trading… I usually lose money. So whenever someone talks about investments. How good they are, etc… I always take it...

Read More

What makes people happy?

Is the answer so difficult? Now, there’s a lot of ways to look at this though… Is the state of not being unhappy equal to being happy? Is contentment considered happy? For example, if I can’t get a good nights sleep, I’ll be kinda irritated the next day and tired. I’d definitely prefer a good sleep as compared to not good sleep. But that’s one day… If I don’t have good sleep for 1 month… would I be just irritated or plain unhappy? If I’m hungry today, I’m just on a diet. If I’m on diet for 1 month,...

Read More

Most people don't know what they want

I’m really glad to be back after 9 days overseas. Many people would probably think, “Woah so shiok, ERSG always travels around, really retired liao sia!” But that’s only partially true. I don’t really go with the mentality that it’s a holiday. It’s a trip to accompany my wife with a couple of free days as holidays. It’s not free, we have to pay for my flight and food, so I always try to eat some simple stuff. Like breads and cheap foods from the supermarket. Only when I’m out with my wife do I eat something nicer. And...

Read More

Another perspective about cost of living

Day 4 in Perth. I’ve pretty nothing much to do today. Walking around and hanging by the river. So I was thinking about cost of living in various countries. And I wonder. Is cost of living just an illusion? Let’s think about it in RPG terms. We start the game. We create a character. It’s usually random and we start at a town. And we are newbies. And we spawn out in Woodtown. The main industry here is wood. So we get down to work, we chop wood. Make gold and play our game. Prices of food and whatever...

Read More

Perth

I landed in Perth on Saturday. nIt’s gonna be quite a long trip. 9 days. As usual she’s working half the time and I’ll have to explore a bit on my own. nnThe first thing that struck me when I got here is how expensive the food is. nI mean food here is more expensive than in Paris. nWhich I find absolutely amazing. nIf you account for exchange rate, Paris food is more expensive. But that’s not how you’re supposed to look at cost of living in most countries. nSingaporeans earn S$3000, they go to Malaysia and think everything...

Read More

Why it's important to look past just results

It crops up now and then. Like the Joseph Schooling thing, or now the Ben Davis thing… Or when Singapore wanted to be in the World Cup… Ok… so I understand how the system works and why they do it. Like, if they allow people to start deferring over all kinds of different matters, then they expect to open the flood gates for many other people to do so. That’s only partially true. If people only looked at just results, then companies like Facebook, Tesla, would have failed miserably. That’s the thing isn’t it. Sometimes, we have to look...

Read More

Would you like to pay less tax?

I look around Singapore. We’re known to be a green city. There’s greenery all around. It’s quite pleasing to the eye. When I come back from overseas. I take a Grab or cab back, and I see the rows of trees along the PIE or ECP. It’s pretty… If you ask Singaporeans, do they enjoy the trees, I think many people would say it’s nice. Now, let’s ask again. If you could pay 5-10% less tax and we sacrifice those trees. How many Singaporeans would want to pay less tax? I think a lot more people wouldn’t want those...

Read More

An unexpected way I saved money

SP Services bill came in a couple of day ago. I thought it would be pretty normal. My average electricity usage has been slightly above 200kWh for the past 5 months. (~$45.41) This month, my electricity usage is 141kWh = $33.74 A drop of around $12. My gas usage used to average around 40kWh. (~$7.74) This month it is 54kWh. ($10.01) An increase of around $2.50 It was a pleasant surprise to see around a $10 drop in utility bills. I had expected a slight change due to changing some habits, but I thought it would be negligible. A $10...

Read More

Owning a car frugally

I was reading 15HWW post on owning a car and was inspired to do a write up on my experience owning a car in Singapore. I never realized, I didn’t really talk about the car in itself. I talked about the petrol savings and stuff like that but never really a holistic view of owning a car. **The irony of things is… you actually OWN a car, but you don’t OWN your HDB. BUT, although you own the car, you don’t have a right to drive it without a COE. So… you’re still pretty stuck in our sunny Singapore.**...

Read More

Like us on Facebook

Follow us on Twitter