Author: My 15 Hour Work Week

Expenditure Update: November 14

It was another month of average spending that amounted to about $3,700. It’s remarkable that even with one salary, we are probably still able to save $1,000 of the take-home pay. And both of us really doesn’t feel “deprived” in any material sense. In fact, I do think that we are spending comfortably. With regards to November’s challenge, I would say that it failed quite terribly. No doubt I exercised more this month than any other for the past few months but earlier in the month, I pushed myself even though my body was telling me to give it a rest. There...

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When I Had My First ……

Most of us have an on-going battle with money. And that includes money bloggers like me. On one end, you have people trying to stop the pain. Their personal finances, mortgage payments and credit card debts have careened out of control. To make matters worse, the negative impact has inevitably spilled over to every other aspect of their lives and they are literally drowning in financial despair. On the other side, there’s people who understand the rules of money pretty well. Investments, interest rates, compounding effects and the like. For these people, the bigger threat is becoming obsessed with money. On first appearance,...

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Could We Retire Today?

That’s the ultimate question, isn’t it? For most of us who are intensely saving our incomes and then investing those savings, it’s all about achieving that holy grail: Financial Independence When you reach that stage, there isn’t a need to trade time for money anymore. You are free to walk away from that mundane job and pursue your own interests (whether they are making money or not) at your own pace and time. Since I am currently not working now, I was wondering if it’s possible for the Mrs to also stop working? Or in other words, can we increase our...

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Passive Income Update: October 14

One really can’t predict the market, eh? As of now, the STI at 3,315 isn’t that far off the year high of 3,371. And how fast sentiments change. Just a month ago, I have to admit I was a little jittery at the volatility in the stock market. With the STI dropping from a high of 3,350 in mid September to 3,150 in a month’s time, many were anticipating the 3,000 mark to be breached. Including yours truly. And I doubt I was alone in extrapolating this short trend. Silly me. Nonetheless, the jitters was a good signal to...

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Weekend Reading For Novice Investors

I believe that more often than not, you skim through most of these (not exactly short) posts of mine. I know that because occasionally, I succumb to that too.  In a perverse way, there’s simply too much information to digest online these days and I honestly don’t expect you to read through every word of every article on this blog, especially with so many other impressive bloggers out there competing for your eyeballs.  However, I do hope it will be different for this article, especially if you’re a novice investor. Besides the fact that I have spent many hours drafting this post, I...

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The Infatuation With REITs

Since the listing of CapitaMall Trust in July 2002, the number of REITs has really proliferated in Singapore. After a short span of a decade, there’s now almost 30 REITs listed on SGX and I am willing to bet that there’s more in the pipeline. The huge amount of supply has been created largely to meet the desire and demand of the public “to invest in a professionally managed portfolio of real estate, through the purchase of a publicly-traded investment product.”* But why are REITs so popular, especially with retail investors?  Here’s some of the reasons I have thought of....

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Divestment Of SIA Eng

On Tuesday evening, I met up with a couple of my ex-colleagues for dinner. Not surprisingly, I arrived early and they were late. Instead of surfing Facebook mindlessly during the wait, I decided to take a look at SIA Eng’s latest quarterly results which was released on the day itself. To be honest, I don’t have a habit of scrutinizing all my investment’s quarterly results immediately after they are released. I probably would only take a look if there’s a big movement in the share price the next day. Otherwise, I would presume everything’s fine. After all, Warren Buffett...

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Expenditure Update: October 14

October’s expenses came in at a reasonable amount of about $3,810 especially since there was some travelling involved. Stripping out the travel-related expenses to Ho Chi Minh City, the amount for this month would come down to $3,400. It helped that there was amazingly no wedding lunches, dinners or baby showers to attend. With October’s challenge drawing to a close, you could say it was both a success and a failure. Success as I didn’t spend anything on that category and really cut down my consumption on fast food by a lot. But when I say a lot, it also meant that...

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Retire In A Cheaper City?

A cup of fragrant and very affordable coffee was placed in front of me while I was drafting this article on my iPad. As I took a sip, I gazed out of the windows of the cafe and observed the hustle and bustle happening around Ben Thanh Market in Ho Chi Minh City. You see, Mrs 15HWW was on a work trip earlier this week and since I was free and had never been to Vietnam before, I tagged along. Obviously, it also helped that I didn’t have to foot the bill for my own accommodation  And during my short stay there, I realised...

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Asset Enhancement & Its Negative Consequences

For the best part of Singapore’s 50 years of history, the government has ensured that HDB flats were not just homes but also an appreciating asset. This asset enhancement policy has also naturally spilled over to the private property market and property prices have enjoyed strong appreciation over the past few decades. The steady increase in prices helps to explain why almost every Singaporean aspires to own his own place. Our high home ownership rate is actually a rarity among developed nations. According to this wikipedia article, we are actually 3rd (behind two Eastern European countries) with more than 90% of Singaporeans living...

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“The New Good Life”

You probably don’t know who John Robbins is. Me too. But that was until I came across one of his books a few weeks ago. And I have got to say his life has been nothing short of intriguing. I am sure you have heard of Baskin-Robbins. It’s one of the world’s largest chain of ice-cream specialty shops and John Robbins is the son of one of the two founders, Irv Robbins. Yup, he was born into riches and was slated to take over a company that was making millions of dollars even in the sixties. But amazingly, he...

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Exit From Phillip Capital ShareBuilder Plan

4 years ago, when Mrs 15HWW wasn’t Mrs 15HWW yet, I cajoled her to sign up for the Philip Capital ShareBuilder Plan. I was still in school but she had already started working for about 2 years. Since she was saving a really big proportion of her salary then, I thought that allocating $600 a month to this plan was a better allocation of the money. 4 years on, with total injections of $28,200, we have finally sold the entire stake earlier this month for $30,785. A total return of about 9% and an annualised return of about 2.2%. To...

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Get Rich With… Patience!

About a month ago, on 19 September, I had a really strange desire. I actually wanted to get my hands on one thousand sets of 128GB iPhone 6 Plus (Gold)! And no, it’s not because I have another 999 girlfriends. This desire was triggered largely because I had managed to sell a 16GB iPhone 6 Plus (Silver) on the day the phones were launched. (A good way to reduce the cost of owning a phone. ) I was one of the lucky few that managed to complete my re-contract on the M1 website in early September.  And after collecting the phone in...

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Passive Income Update: September 14

Firstly, some good news. Amazingly, I was allocated the FULL 75 shares that I applied for during the OCBC rights issue. Together with the 125 shares I was allocated, I was able to get my hands on 200 shares at the bargain price of $7.65. So no odd lots come Jan 15. Furthermore, an additional $150 made just from the excess rights, yeah! And I finally decided to close the Phillip Capital ShareBuilder Plan (will write more about the reasons in a later post) very early in the month when the STI was still hovering around the 3,300 mark. A...

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Block Your Calendar On 17 Jan 2015 (Sat)!

Nope, don’t get your hopes up too high. I am not arranging for a meet-up session with you, my dear reader. Sad, but true.  But fortunately, in my view, I am asking you to keep your afternoon free on 17 Jan 2015 (Sat) because something bigger and better is happening. Instead of meeting me or just the one blogger, you get to meet FIVE if you attend this Personal Financial Investment Seminar! (More details on these bloggers and speakers below.) After blogging for slightly more than a year, you should know that I am generally quite protective of you. Even...

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