Author: Early Retirement SG

Is healthcare cost too expensive in Singapore?

Okayyy… I think this is an interesting topic. Cos we always hear… you can die in Singapore but cannot afford to fall sick… And the question is… is this true? Let’s not look at the small illnesses that require hospitalization. Those run into the thousands and I think… most of the people in the frugal community, or the people who want to retire early, a couple of thousands is still somewhat “affordable”. Meaning, our portfolio can handle a few thousand dollars’ expense to save our life. So let’s look at what happens when an expense of $200,000 hits. I...

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What if I had $10,000 dividend per month?

I’ve been a bit preoccupied recently, thus the lack of posting for a couple of days. Hopefully I’m able to find more time to type as regularly as usual. I do try to get out one post per weekday. Just that some days I leave house early in the day and I don’t have much time after that. *************************** Now, of course all these is hypothetical… Cos I’ll never know what I would really do unless I really have such an opportunity. Read old blog post here. So a simple way to look at things is that I would...

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Estate Planning

Hmmm… I really don’t know how much I can write about this… Cos it’s quite simple… Doing a will in preparation for the future is quite a simple task. The problem is that, 1) it’s like insurance. There’s no real urgency. Most people will do it tomorrow… 2) Some people are pantang, or superstitious. 3) People don’t know how to distribute their assets so they just leave it to the “default”, which is to die intestate, which means just follow the default formula. Property Ok, so what happens usually. First, there is the house. Most people have a Joint...

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My investment background

Ok some background on me and my investments. When I was 15, I bought my first share under my dad’s account. Singpost almost 21 years back. That’s when I learnt about dividends cos Singpost had some good dividends back then. But I didn’t hold Singpost for long, I saw it go up and down a couple of cents, and at 15 years old, I got too excited over a couple of hundred of dollars. So I requested my dad to sell it and I just took a couple of hundred of dollars of profit. That was my first experience...

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Optimizing my life

Ok so I mentioned this yesterday. I got a comment asking what motivates me to optimize my life.  ​ Simply put, I’m lazy.  So to me, it’s all about efficiency.  A simple example.  Most people spend around $500 per month on groceries, assuming $10 per hour, that’s 50 hours a month spent working. Alternatively, I could put in 3 hours a week (12 hours a month) and do some freegan activities and I could get free food for the whole week. Furthermore, these 3 hours I am probably enjoying what I’m doing. Which is usually just going to a...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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