Author: Minimalist in the city

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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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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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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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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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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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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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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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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