Author: My 15 Hour Work Week

Experiencing “Financial Joy”!

With more free time on my hands these days, I have been doing a bit more reading than usual. During one of my visits to the Woodlands Regional Library, I was on the prowl for some personal finance books, even though I have already read the bulk of them that’s available. To be honest, sometimes I think that I have reached a stage where reading personal finance books doesn’t really add to my knowledge. It doesn’t help that most of them are pretty similar. But I still do it occasionally, especially when I need some reinforcement on the merits...

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Reflections After 3 Months Of Semi-Retirement: Part 2 – The Bad

Slightly more than a week ago, I shared how much I was enjoying the first 3 months of my semi-retirement. It’s a no-brainer, isn’t it? Without (a big) worry regarding finances, how can a person not enjoy taking 3 months off a 40 hour work week at the age of 28? I agree. Having more control in my schedule, better sleep and having more time for new experiences are just some of the numerous positive changes I have experienced in these past 14 weeks. And I have documented them rather well in that earlier post. But such a lifestyle can’t...

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New Addition: Stuff I Like

I should have done this months ago but well, at least it’s done. Like finally!  Besides helping my readers have easier access to stuff which I like, this new addition is also partly spurred by the fact that other bloggers are doing a better job at referring traffic to me than the other way round. Let’s hope that this new page will help to correct matters and make me feel better about myself. And instead of repeating those bloggers I like in the RSS feed widgets, I have decided to feature other bloggers, especially those new ones which I find very...

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Passive Income Update: August 14

On 31 July, the STI reached a year high of about 3,370 points. The STI had appeared to be catching on to the US stock market’s meteoric rise in the past two year. It seemed like a matter of a few weeks before the 3,400 mark would be breached and a possibility that it could surge past the 3,500 mark (a level not seen since Nov 07). However, for the past one and a months, the index has dived down by a hundred points instead and we are back below the 3,300 level again. These 30 stocks in the Singapore stock market as...

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Reflections After 3 Months Of Semi-Retirement: Part 1 – The Good

Yeah, how time flies. It has been 3 months since I retired from my first job.  So I have spent 13 weeks semi-retired. Well, you could argue that I am just unemployed and trying too hard to put a positive spin on things but since it’s the blog title and it’s my blog, why not? Moreover, I am theoretically not wrong since I worked 3-hour-weeks during the bulk of the period.  Anyway, in case you’re new to this blog, I am not a start-up (who has sold the start-up) millionaire. Or at least, not yet. Therefore, even though I do feel that I am better...

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Why I Am In Favour Of A Minimum Wage For Cleaners

I know this is a bit belated as the announcement (of a minimum wage of $1,000 for cleaners) by DPM Tharman happened on 8th January 2014. I must have been really busy with work during that period to have missed this piece of news. But it pays to read local blogs, especially those aggregated by thefinance.sg. Visiting the site (almost a daily feature), I came across this article written by this local blogger MoneyHoney last week. Basically, he was appalled that our government had implemented a minimum wage for cleaners through the Progressive Wage Model. And coincidentally on last Friday, another finance blogger...

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Expenditure Update: August 14

I realised that there wasn’t a need to search for a new picture to accompany this post, since I could reuse the one I had used last year.  Yeah, with the previous update, I have actually completed a consecutive 12 straight months of expenditure recording and publishing. How time flies and I haven’t really been keeping track of these milestones. Heck, I even forgot to do an almost mandatory 1 year anniversary post like what many other bloggers do. Oh well. Anyway, I digress, again. Back to this August’s expenditure. It was pretty hefty once again as we included the rest of...

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What’s Going To Happen In The Next 100 Years?!

I know I am a little different from the average guy on the street. Maybe weird is a better word? :-) Firstly, I have a personal finance blog (argh) and then, as you have seen from this post, I am also a history buff. (On a side note, those who read and watched the youtube on that post would have gotten to know how awesome John Green is, even before he came into mainstream consciousness with novels like “The Fault In Our Stars”. Yeah, I am proud to have featured him before he became uber famous!) Somehow, I think today is...

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The Lease Buyback Scheme: Worthwhile Or Not?

Mrs 15 HWW has a very close-knit extended family as she spent most of her childhood in her aunt’s place (both parents were working). Together with her three older cousins, they formed close bonds under the roof of a 3-room Bedok flat. During those days, her uncle worked as a taxi driver and her aunt, a housewife. With three children in tow, it wasn’t easy to make ends meet in those days, let alone save for retirement. Furthermore, due to their vocations, their CPF contributions, if any, was negligible. Their story isn’t unique. With a fully paid up HDB asset, they...

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Our Net Worth: $0 Or $500,000?

The 15 HWW household operates somewhat like a business. Both our passive income and expenditure are tracked somewhat religiously, as seen from these monthly updates. But that’s where all the association with a business ends. After all, there’s no information about the net asset value of this entity, or what is better known as net worth for this household. The reason why we are not so concerned about our net worth on this blog is obvious (and no, it’s not because I am too lazy to have an additional blog entry every month). In order to create a sustainable 15 hour work week, it would...

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The National Day Rally And Our Retirement Adequacy

Lack Of Significant Changes After the very high-profile Roy Ngerng incident and the relentless consultations (yeah, even some of the financial bloggers were invited to attend some retirement forums) and feedback on CPF policies, many were expecting some serious changes to boost the retirement adequacy of Singaporeans. So it was surprising to some that this year’s National Day Rally did not really introduce any significant changes, maybe except for extending the Lease Buyback Scheme to 4-room elderly owners (which I will talk more about in a later post). But not me. I expected it. This is because we are going to have an election...

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Passive Income Update: July 14

With higher expenditure incurred during these two months (the upcoming expenditure update isn’t exactly going to make me bask in glory) and a reduction in our income streams (zero income household for about two weeks), it has proved to be rather difficult to fully maximise the benefits of the OCBC 360 account. Our balance has only increased by $5,000 to about $40,000 this month and that was after divesting one of my foreign currency deposits. I had about $15,000 in a multi-currency account with the Bank Of China and it’s been there for about 3 years. Since it wasn’t really...

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Welcome To The Future!

Just two days ago, both Mrs 15HWW and I were spending a nice sunny afternoon in the Royal Botanic Gardens in Sydney. Basically, we were just lazing around on the cushiony grass patches, feeding birds and watching children running them around. Surrounded by the breathtaking harbour and the vast blue sky, I really wanted to freeze this moment in time. =) And we really have more than that to be thankful for. By most measures, the modern Singapore that we live in is close to being a utopia, especially if you compare against 100 years ago. Coincidentally, August 2014, this month, marks...

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Expenditure Update: July 14

This is somewhat unexpected, especially after just retiring from my first job. Our expenses for July actually came up to an astonishing $9,200, which is by far the highest ever recorded. But before you admonish us for being hypocrites who advocate frugality but are just spendthrifts by nature, let me explain further. Mrs 15HWW has just successfully landed an exciting new job which will start in mid August! This also means that she will be leaving her present employer and clearing some of her entitled leaves in the coming weeks. And since I am also whiling away time at home for...

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Fixed Expenses Update: 2014

As most followers of this blog knows, we record our monthly expenses almost religiously. I have little doubt that this is the best way for us to find out how much we are spending every month. Otherwise, without doing this, when would we realise we have squirreled away enough for our semi-retirement? =) To keep the monthly updates uncluttered, I have actually divided our expenses into two portions: 1. The fixed, recurring expenses and 2. The variable expenses And for the past year’s monthly updates, I have been using the ammortized fixed expenses  calculated on 30th Aug 2013 as a simple way to...

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