Author: Minimalist in the city

Friday reads – volume 12

And here are the lineups… The Forever Fallacy (Get Rich Slowly) “The key thing to understand is that everything changes. You change. Your circumstances change. The people around you change. Nothing is forever. The challenge then is to balance this concept — everything changes — with living in the present. You must learn to enjoy today while simultaneously preparing for possible tomorrows.” What if though something changes? Are you prepared for that change? Nothing stays constant forever. And that is something we need to provide some food for thought. When Earning $1 Million A Year Isn’t Enough To Retire Early (Financial...

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Minimalist in the city – 700 more days to FI

For the bulk of our FI journey, the Minimalist in the City household is predominantly a dual income one. We have budgeted and managed our expenses such that we are able to live off one income, saving and investing the other income stream thus far. Our savings rate is higher than 50% and our lifestyle is also inherently different from most other families in the same profile group (be it demographics or income range). We have consistently been living below our means and seek fulfillment in life through appreciation of experience rather than things. The discovery of minimalism also taught...

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Friday reads – volume 11

Power is the ability to control your own life (The Escape Artist)  “I had always assumed power meant having status and income, influence and external rewards. Ralph had all of them. Yet up close he didn’t seem very powerful. I started asking whether power meant, rather, the ability to control my own life.” When the money is really alluring. It becomes harder to walk away from it. But with that, it comes at a cost. Time. For yourself. Your family. And really, was that what you wanted to do in the first place? How much money do we need...

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July 2018 – Monthly Update

July is the month where the World Cup ended with the French lifting the World Cup title for the second time. I watched the game live on TV and seriously thought Croatia played better although the actual score did not really reflect that. I guess luck also played a very important role in games like this and this is what makes a soccer game exciting. Comparatively, the current French team is not as strong as the champions team 20 years ago that lifted the World Cup in 1998 with many star studded players including the current manager Didier Deschamps,...

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Friday reads – volume 10

And here are the lineups… The things that early retirement won’t fix (Think Save Retire)  “After retiring from work at the age of 35, I’ve discovered that early retirement isn’t some instant-fix to all of life’s problems. It’s not that calamine lotion elixir stuff that seems to make everything it touches feel better.”  Early retirement might solve some problems (eg. relieve some health issues due to work stress) but it might not solve the more inherent ones. Well, I never thought that was a main issue in the first place, since it’s not really so much about doing nothing....

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Considerations for having a second (or subsequent) kid

In a recent post by SimplyJesMe, Jes discussed the reasons for having/not having a second kid based on surveying the people around her. And the top four reasons are: Not enough love Not enough attention Scared of pain Not enough money I would think that the first two can be grouped together. According to the article, the love and attention to the firstborn will diminish (maybe half?) upon the birth of the second child. As for point 3, the pain refers to not just the pregnancy and labor experience. This also includes the care giving during the first few...

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Friday reads – volume 9

And here are the goodies… It’s Time to Kick the Bucket List (Wall Street Journal)  “Bucket lists often become obsessive, expensive, painful. They create the impression that life is not so much something to be lived and enjoyed as a series of onerous obligations to be checked off.” Bucket list seems to be something of a new norm. And it’s not uncommon especially so among the milleninals. I don’t think they are bad, but sometimes I do agree that we have this obsession about crossing out everything on the list. Something to ponder about – what so if it...

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Of cars and cuppa

Previously, we have discussed how car ownership in Singapore is astronomically high. Even though there are individuals who justify the cost of owning a car here, the general consensus is that it is still a pricey item to maintain. And I totally respect those individuals who have a car for various reasons. And I don’t deny the convenience of having one. Especially for a family with two young kids. Dave and I do not own a car. But my dad does. And sometimes, we will borrow the car from him to use over the weekend, especially so when he...

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Friday reads – volume 8

And here are the goodies for this week… Want to retire early? Make lots of money and don’t have kids (Think Save Retire)  “Yup, earning big money and not raising children is a fast track plan for financial independence and early retirement. It gets you there faster and completely streamlines the process. Funny how a big income and few expenses add up into significant net worth numbers!” A controversial yet somewhat true statement. Having kids incur additional expense, from the point of pregnancy to raising them, that’s a lot of money. But that’s not saying that you can’t have...

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Meet the HENRYs

Today, I will like to introduce you to the HENRYs. Yes, it’s a common name, and I know quite a few of them. In fact, I think you might know them too, although they might not be the same people. And depending on the definition, they could be much more common than we thought. Ok, so what am I saying? And so who exactly are the HENRYs? HENRY is an acronym for High Earner Not Rich Yet. According to Shawn Tully, a Fortune magazine writer who coined the acronym back in 2003, HENRYs are households with  predominantly PMETs making between US$250,000 and...

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Friday reads – volume 7

And here are this week’s lineups… 1000 Days Without A Paycheck (Mr. Tako Escapes)  “Just like learning to swim, you fear the water until you’re experienced enough to know that you won’t drown. It takes time and practice to become a good swimmer, and feeling comfortable with financial independence is like that too. You have to learn how to swim in the waters of life without a paycheck. That paycheck is like a pair of floaties — holding you up out of the water. Until you take them off, you won’t learn to swim.” One of my favourite bloggers...

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June 2018 – Monthly Update

Ally’s favourite – Hawksbill Turtle June is the month where the World Cup fever comes raging coupled with all the sleepless night (although it has already been pretty much sleepless on most nights with Ashton). Kate is also quite a soccer fanatic herself so I am glad that we got to spend some quality time together as a couple over soccer, which especially helps since the bulk of the matches are after their sleeping hours. I can still vividly remember the first time I watched World Cup in 1990, when I was still in primary school. That triggered my...

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Friday reads – volume 6

And here are the lineups for this week… I retired a millionaire at 30 — and now I know why everyone is so unhappy – Business Insider  “I just want to feel a peace. I want to feel calm and present. I want to feel alive. I want to feel at one with the world and myself. I don’t want to be shackled by worry about money or the future. I want to feel at ease. Like I’ve found my rhythm. Like I’m in the right place. That “peaceful easy feeling.” An article that Dave shared on the Minimalist...

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Friday reads – volume 5

We had skipped the Friday reads last week as our laptop was down and it was difficult to blog without one. I did try to do so on our ipad but it was a fairly painful process (good for watching videos but not so if you need to write an article). Figured that I should continue to blog only when we got our new machine. Anyway, here are the goodies for this week…. The Perks of Being a House Husband (Rice Media)  “When he’s not busy shaping his sons’ formative years through involving them in various activities, from skateboarding...

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Random thoughts of the day – World Cup and school holidays

With the World Cup fever roaring on and me on sabbatical, it has been many late nights awake watching the World Cup (with Dave) while nursing baby and practically, I am in a zombie- like state during the day. Which could probably explain the lack of posts for the last two weeks (coupled with the fact that our old laptop gave way and makes it difficult to blog). Oh yes, we got a new machine (totally loving this new toy!) and it helps a lot that I got to stream the matches on a high definition screen (yup, we...

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