Author: Frugal Daddy. Love What You Do.

Perspectives: Finance and Lifestyle

As shared in my previous post, I have tendered resignation. Today marks my last day of my 10 years career life, most probably. It took me 1 whole month to detox the corporate “nonsense” that is so deep inside me, and I am still detoxing in process. I was experiencing withdrawal syndromes. I was panicking about my finance and lost sleep over it. I began to look for jobs for about 2 weeks, before I paused again. Last Thursday on 4 May 2017, after 2 weeks of job search, I was called for an interview and I went. During...

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Consolidating My New Chapter of Life

Hello all friends and readers, I am back from a 6-months blog vacation! *Warning, this is going to be a lengthy post. My 2nd child born on 9 March 2017! Now, with my elder daughter, they actually formed a word “好”. For the benefit of my non-chinese illiterate friends, it means “good”, with the characters of “female” followed by a “son”. Obviously, I can’t plan for the genders so please don’t ask me for tips. Thank you for making a complete package for me, a lovely wife, daughter and son! Although 4 was not my auspicious number, now it...

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Thank You Very Much!

I seldom write long post. Here is a rather long post, and could be my last post for a very long time as I will be focusing on things that I wanted to excel, which I have listed down below. In my previous post (here), I am gathering ideas whether to achieve Financial Independence as planned or delay for another 2 more years. Either choice, it should turn out well. From 1 August 2017 to 31 July 2020, it will be around 668 working days (minus off 3 years worth of leave and 3 days of medical leave –...

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Achieving Financial Independence, or later?

I have been pondering about this for months. A decision that will affect my family well being.  Background Currently, my wife and I both are working full time. We should be achieving financial independence by end year 2019 (age 35) but with 1 of us working till year end 2022 (age 38) for buffer.  With the arrival of my 2nd child, someone has to take care of him, (baby boy) from next year Aug 17. My wife love her job and her work environment is good. However, my income is higher (I don’t hate my job either) but my...

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New Family Member, New Family Blog, New New

My family size will increase from 3 to 4 soon. My wife is expecting (I am expecting too, the joy). So, what is it like to be a father? Here is a video that promise tears: Of course, frugal daddy don’t lie to his family. I don’t lie about my happiness either. I am ecstatic. I hope to devote my time to the family on a voluntary basis, and not through involuntary unemployment. This is a privilege. If you have been following my blog, you may have observed that I have been writing less frequent in this blog. I...

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Where Are My Branded?

From Online Dictionary: A branded product is one which is made by a well-known manufacturer and has the manufacturer’s label on it. Supermarket lines are often cheaper than branded goods.   Around 10 years ago, ex-colleagues gave me a montblanc pen with my name engraved. Along the years, other colleagues gave me Armani tie and some other branded accessories such as cuff-link. Why people gave me these things? I think that is secondary in the context of this post but we can take it that these are part and parcel of life journey, gifts and nice gestures. I am...

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If Tomorrow Is The End Of The World

We should be thinking of happy scenarios. Life is short. However, without the “dark side”, we may not treasure the “bright side”. Let us have a short imagination here. What if tomorrow is the end of the world? Will you “still”: 1) Continue to study stock market and individual business? (Where are the shooting stars and undervalued multi-baggers?!) 2) Report to work and continue your “lovely” job as a dutiful employee? (Please remember to apply leave for tomorrow event : “#End of the World!!!”) 3) Get angry with your loved ones or other matters? 4) Play your games? Pokemon...

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How Doing House Chores Can Give You Health, Wealth, Time and Enjoyment

House Chores? Seriously? This is 1 of the ultimate personal financial tips that Frugal Daddy is giving? Yes, this works like magic. If you coupled this lifestyle concepts with minimalism and frugality, you are not very far off from the most exciting lifestyle that you wanted to have. Let me explains. This can only happened without maid, parents, nanny or any external help (part time helper). Health My family are living examples. Without me noticing, I developed “6 packs” of muscles in my tummy.  I was shocked one day when my wife asked me about my tummy. I have...

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First-World Mouse and Third-World Mouse

My friend, Mr Lim, like to describe himself as the church mouse. So today, I decided to share a story about mouses. This story may not be new to you, given that it is one of Aesop’s Fables (here) One day, a mouse from the city visited his countryside cousin. Let us name them First-World Mouse and Third-World Mouse respectively. First-World Mouse said, “Villagers are always busy and tired, our life is comfortable and there are plenty of delicious food in the city”. Third-World Mouse replied, “Freedom is priceless”. To prove themselves right, the 2 mouses decided to visit...

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My Thinking on CPF Life

I have never considered CPF as part of my retirement fund when I made financial planning. Why? The policy is always changing and there is nothing much I can do about it. However, it is still good to keep up with CPF matters as it is still our money? Reading the speculations about CPF Life Escalating Plan and CPF Lifetime Retirement Investment Scheme (LRIS), I know for sure what is my choice now. Things may change, but for now, it is quite certain. My choice? CPF Life Standard Plan and no CPF Lifetime Retirement Investment Scheme (LRIS). CPF Life Escalating...

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Wastage In Your Life

Most of us, including myself, have plenty of wastage throughout our lifetime. What do I mean by wastage? For example, you bought that 10 sets of chopsticks in a bundle sale. However, you know clearly in your heart that your family members can only use 4 sets of them. Yes, you may argue that you can replace the extra sets of chopsticks when the existing ones are spoilt. Seriously, how long do you think it will take your chopsticks to spoil? If you think I am exaggerating, why not you try going through your entire house, items by items,...

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Passive Income is a Myth

Many so-called passive incomes are not entirely passive. If you happen to see how most people invest, you will know where I am coming from. Most of them are not guaranteed returns and we shouldn’t expect to receive it on a regular basis, nor the capital preservation. Here is the definition of Passive Income by Wikipedia: Passive income is an income received on a regular basis, with little effort required to maintain it.Here are common “passive income” people talked about: Dividends Property rental Bank saving interest Bonds/fixed deposits DividendsI will not assume my dividends will come in on a regular...

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Time is Running Out

Everyday, I live my life as if it is the last. Think about it, it is really the last, one and only life. For those who think you will be “revived or reincarnated” after passing, I respect that but let us not go into the religion aspects here.Generally speaking, we only have about 50 to 60 years of most productive lifespan for each individual. Apologies to those above 50 years old, please don’t take it personal. Don’t get me wrong, I would strongly encourage everyone to be “young-at-heart” and live life to the fullest, even if you are above 100...

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Buying That Condominium

Remembered the 5Cs that was commonly used decade ago? : “Five Cs of Singapore” – namely, [C]ash, [C]ar, [C]redit card, [C]ondominium and [C]ountry club membership – is a phrase used in Singapore to refer to materialism. It was coined as a popular observational joke about the aspirations of some Singaporeans to obtain material possessions in an effort to impress others.  From the Wikipedia (here), not from me ok! It is unimaginable for Frugal Daddy to fantasy a lavish lifestyle. Don’t get me wrong, I live a highly comfort lifestyle but not a lavish one. By opportunities, I was introduced to the...

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Money Talk

Do you want to live your life just by spending your passive income, with another 200% buffer, without using any of your capital? Here is an illustration of how I will do it for my family of 3: Needs: $15,000/year – This amount of money is what my family will need minimally to survive in Singapore Wants: $14,000/year – This amount of additional money is what my family need to maintain current lifestyle in Singapore (this include yearly travelling, restaurants visits and more) – I will share more tips in future on how you can spend less to get...

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