Author: Early Retirement SG

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...

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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...

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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.**...

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Finishing the race early

Are you one of those asses during exams. You finish the exam paper super early. Like in a 3 hour paper, you are able to finish it in 1 hour and you make a great show of flipping the paper loudly, then tying up the paper, or stapling the paper. And then you lie on the table or fidget in the chair like there’s nothing to do and act all bored? I’m sure in school, you’re either one of those who do this, or you’ve seen someone who’s done this. And it’s super annoying, especially to those who are...

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31 Jul 2018 Expense Update

This month’s expenses was kinda high. Due to the Australia trip and all it’s problems. Around $1,300 for my ticket, extension accommodation, insurance and visa. Basic food expenses in Singapore was $290.95. Mainly my wife’s lunch at work and a day or 2 of eating out. $103 came from a hotel buffet we went to early in the month at W Hotel at Sentosa. This is already after 50% off. Nothing much to talk about in the transport ($11.80) and healthcare ($24) area. Couple of 10s of dollars. I went to KL early in the month we spent $120.60,...

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UOB ONE Account UPDATE

Many thanks for all those who gave ideas on how I could prevent myself from forgetting to pay my credit card bills next time. I think I’ll likely set an alarm 2 times a month to remind me to check all my credit cards twice a month. Anyway moving on… I almost missed this… UOB ONE ACCOUNT IS HAVING AN UPDATE FOR THEIR INTEREST RATES!!! Imagine my shock. I went to visit my parents on Saturday and my MUM told me that there is going to be an update for UOB One account interest rates. She received an SMS...

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Paying credit card bills on time

(It’s really sad to see that my clickbait article got more hits than my normal article about HDB lease. Really goes to show what people people are attracted to and what they are willing to click on.) A really scary thing happened to me yesterday. Usually I’m in charge of the financial admin matters. So if there’s a credit card bill, it’s my responsibility to arrange for it to get paid for both my card or my wife’s card. And of course I know how important it is to pay my bills on time. We all know that we...

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This story is going Viral, what online marketers don't want you to know

Ok so obviously the title is going to be clickbait… as I watch my hits go up today. And yet it works. You can see all the links to articles on the net… “Breaking NEWS!!!…” ​”XYZ is going viral” “What rich people don’t want you to know” Etc… And yet it all works, it gets people to click on the link. WHY?! I’m sure we all have seen such link titles before, I’m pretty sure everyone has seen clickbait before. And yet why do people continue to click on it? Which perpetuates the cycle, if marketers know people click,...

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Why the poor remain poor and why this affects you

Ok, now this is ONE of the reasons that the poor remain poor. Not the ONLY reason. And you’ll see why this affects you… I’ll loosely classify people’s networth in groups. So a homeless person/poor has no place to stay, maybe living in subsidized rental flats. They don’t earn much per month, maybe $800-$1,200 household income, they have trouble making ends meet. They don’t have much AUM. And I’d classify a low income person or family is staying in a 2-3 room HDB. They earn around $2,000-$4,000 per month household income. They are comfortable but don’t have much to save,...

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Keeping a balance in life

I’m back from my “holiday” in Thailand and can get back down to typing properly. It wasn’t really an active trip, we just hung around some shopping centers looking for food and basically doing nothing. We didn’t do any sight seeing. It’s rather a getaway from Singapore instead of a trip to explore Thailand… Anyway, on to my post for today. I’m not sure about most people. But for me, I like to keep a constant balance in my life. A balance of overall happiness. I’ve realized, for myself, I’m most happy/contented when things stabilize. But when that happens,...

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4 brothers inherited a plot of land

A man had a plot of land. He also has 4 sons. When the man was alive, everyone lived on the plot of land, the man and his wife, along with his 4 sons and their families. Everyone worked on the plot of land. It was quite big so some folks will go out and lay traps and hunt for animals. Some of the family members would plant some produce and harvest the food. Wood was abundant and they built their own houses. They even had excess to sell to other people in town so they had excess money...

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Being rich and famous is not the answer

I’m not rich and famous. But I can relate to this quote.  You see, being unemployed/semi-retired. There’s a lot of free time. And free time is harsh on the mind.  It’s not all fun and games having nothing much to do. Especially when I first left my job.  Sure if you have all the money in the world, you can travel and play and eat and do a lot of things in your free time, but I don’t have all the money in the world so I can’t play and keep myself entertained all the time.  And the thing...

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Since when did you become so Cheapskate

So my dad said this to me recently. “Since when did you become so cheapskate” I was telling him I don’t spend money on food and I wasn’t going to spend money to buy something. (I forgot what the something was.) And then he called me a cheapskate… I was a bit annoyed. But I also took it as a chance to reflect so I went back to think about it. ​ My first question to myself was… Am I cheapskate? So let’s work backwards. This comment came about when I said I was getting something for free and...

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If the deal is too good to be true…

If the deal is too good to be true… It probably is. That’s the normal thoughts. For us to be suspicious of deals which are too good to be true. And many times people straight-out reject the idea. They think of many reasons why it’s not possible and they don’t even try it out. And the conclude that the activity doesn’t work and that it’s a scam. I’ve heard of instances where middle aged adults were suspicious of the bonus interest of banks from all the OCBC or UOB promotions. Such that they straight-out rejected the idea. “Banks not...

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Is poverty a choice?

As I read more and see more things about poverty, I’ve come to see it as more of a mental or personality issue rather than a money issue. Now, of course many people would not “choose” to be poor. But rather it is a function of life choices which results in someone being poor or remaining poor. Particularly in Singapore. It is very easy to blame the circumstances around, the government, the lack of resources, etc. But I think, a lot boils down to choice or mental barriers or mental issues. For instance, I believe everyone should have the...

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