Author: My 15 Hour Work Week

Passive Income Update: November 13

I have added 4 lots of Parkway Life Reit to my portfolio a few weeks ago at the price of $2.22. Based on the latest dividends given out in an entire year, that’s a yield of almost 5%. Not amazing (actually it is the Reit with the lowest yield) but I am pretty bullish on healthcare properties and do believe the growth in healthcare costs/profits would likely be able to support an above average increase in rentals. Moreover, its key assets are in the three prime Singapore hospitals (Mount Elizabeth, Gleneagles and Parkway East). It’s likely one of the most conservative...

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Frugality: It’s Not Just About Saving Money!

After sharing the expenditure updates for a few months, I have had more people telling me to lighten up rather than to tighten up. Quite surprising, considering that we are still (actually increasingly) spending a fair bit of our money dining out in restaurants in some of this country’s fancy malls. But then compared to most of our peers, I would have to admit that we can be thought of as a frugal couple. A quick look at my Facebook and I can see plenty of friends/acquaintances dining out frequently (once a week?) at places like Forlino’s/Prive/PS Cafe. Or...

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Why Most Singaporeans Don’t Hold Government Bonds

Whenever I come across personal finance advice, especially those in the US that were written some time ago, the authors always urge more risk-averse investors (like me) and older folks to buy their fair share of bonds. According to these experts, this will enable us to reduce the volatility of our portfolio. Afterall, many studies have shown that bonds have been resilient (or even performing well) when stocks tank. This camp actually believes that proper asset allocation is actually the most important factor behind investment performance. If the market tanks by 30%, some might panic and think that the sky is falling, and then sell the entire...

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New Addition: All The Posts

As I have mentioned a couple of weeks ago, I do enjoy other blogs. However, it’s really hard to spot a good blog during its infancy (unless you’re really lucky) and by the time I stumble onto them, most have already written tons of articles (some like ERE have even stopped writing new articles). And since I am a person who likes to plough through the history (maybe I am just a voyeur?) to look at the changes in the blogger’s philosophy, I had appreciated Mr Money Mustache’s All The Posts page. This eliminates the hassle of clicking many...

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More Government Help For Elderly Landed Property Owners?

There was an interesting article that caught my attention last Saturday. The article reported on the plight of some elderly who lived in landed properties but were cash-strapped. They had hoped to be able to land low-wage jobs and also receive Workfare for their subsistence needs. However, under current Workfare criteria, they would not qualify since they are staying in a property with a high AV. So there appears to be a little problem. Actually, the solution to their problems seems pretty obvious: “Why don’t they just sell their homes and downgrade to a resale HDB flat or even a condo?” Apparently, sentimental value, the desire to...

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Expenditure Update: November 13

With this post, it will be 4 months straight of sharing the monthly expenses of the 15 HWW household. And I will be honest and admit that this is the longest stretch whereby I have consistently recorded my expenses. (Yeah, I have had my lazy, lackadasical moments in the past) I first started recording expenses and income when I began giving tuition after my National Service. Even though the income was lumpy, I managed to observe some patterns in both the income & expenditure after establishing 2-3 months of records. Thereafter, the habit started dying a slow death since the goal of knowing my expenses and...

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What Does It Take To Be A Millionaire Next Door?

Once upon a time, I was a pretty big spendthrift. I would just open my mouth to plead for more allowances from my Mum in order to get the latest Deuter school bag, a new pair of Nike sneakers or to go on a nice dinner date with my then-girlfriend. Back then, I was under the misconception that the wealthy comprised of celebrities and property magnates. They were leading the high-life and it seemed that the only way to become a millionaire was to roll in tons of cash. On the other hand, frugality, strongly advocated by my mother, was only practised by...

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Get Rich With… Geographical Arbitrage in Johor Bahru

Many New Yorkers have the option of staying or retiring in lower cost states like Colorado and Florida within their home country. Although this isn’t strictly applicable in Singapore (although I have to admit that food centre prices in some mature estates tend to be cheaper?), we do have the option of travelling to our neighbours where the purchasing power of our Singapore salaries can be drastically increased, to enjoy some of the “finer things” in life. With the Singapore dollar appreciating strongly against the Malaysian Ringgit, it has breached the psychological mark of 2.5 RM to 1 SGD in recent months. Therefore, it’s not surprising that we...

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Observations Of Year End Bonus For Civil Servants

There was happy news for about 30% of our workforce on Thursday as the Public Service Division announced that civil servants will get a year-end Annual Variable Component (AVC) of 1.1 months. This was significantly higher than the previous year’s bonus (0.7months) and the mood in office on Friday was already approaching celebratory even though there was still more than a month to go before Christmas. Since I am employed by the public sector, I am a beneficiary too. And to be honest, this amount was slightly higher than what I had anticipated. Because of this, I also made some interesting observations of our behaviour...

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International Blogs I HIGHLY Recommend

Some readers might be awed about the amount of things I know (wishful thinking on my part?) or perplexed by the (somewhat extreme?) views that I adopt when writing some of my blog posts. If you are what you eat, it isn’t that far-fetched to believe that a man’s writing is heavily influenced by his reading. And just like many of you here, I am also a big fan of some blogs. Earlier this year, I had stumbled onto these three sites which have really intrigued me and I became a keen follower of all three blogs. They have inspired me to start a blog, re-evaluate my life and gave a purpose...

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Why I Am Not Too Keen On The Supplementary Retirement Scheme

The Supplementary Retirement Scheme (SRS) seems like a cool financial phrase to utter these days. From the most recent Sunday Times which had two articles espousing the benefits of SRS to the latest blog post from esteemed personal finance blogger AK71 regarding an SRS promotion, everyone is talking about it. In fact, there’s even a blog that chronicles an SRS portfolio! And many other Singaporeans are getting in on the act too. Especially since according to that report in the papers, there’s >80,000 people who have OPENED (which doesn’t necessary mean putting in money) accounts with the three local banks. So it should be something beneficial for...

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Passive Income Update: October 13

The market was pretty flat throughout the last month but there’s still a healthy increase in the valuation of our shares. Excluding the monthly $600 injected into the Philips Sharebuilder Plan and the additional $2,000 parked in my CIMB StarSaver account, there’s still a $5,000 jump in value! This is largely due to significant price increases in Boustead, Challenger and Kingsmen. Together with the previous month’s increase of $8,000 in the valuations, the capital gains have been compelling. But this also means that the shares I own are getting more expensive. The good news is that the price of some Reits have been weakening and with bonuses coming in, I...

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Get Rich With… Walking!

For most, walking is an exercise. It’s likely to be either a walk in the park or one that requires more effort and speed on the tracks. However, due to our 40 hour work week, many of us are unable to set aside enough time for these activities. So instead, I turn it into another mode of transport for myself. Recently, a colleague who stayed in Sengkang gave me a lift home after a teambuilding session at an ulu place. He was quite curious about where I got my groceries and household supplies since there wasn’t any hyper mart in Punggol....

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Why Early Retirement Is Not Possible For Most

In theory, it really isn’t that complicated to achieve an early retirement. For this post’s sake, let’s agree that early is defined as below 45 years of age. This is reasonable and also considered pretty early for most, considering official retirement age in Singapore is currently 65. And by retirement, what I mean is that one is no longer obliged to work for a living. Here are the three steps involved: 1. Save 50%* of your total income (inclusive of bonuses) 2. Invest in a basket of dividend stocks that returns 7%-8% (3% to cover inflation and 4%-5% returned as dividends) 3. Continue doing this for about 17* years Then...

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Why I Don’t Really Enjoy Typical Vacations

Just slightly more than 2 weeks ago, we flew to Bangkok with Mrs 15 HWW’s family (parents and younger brother) for a short vacation. Bangkok is a top tourist destination, and for good reason too. Thai food is really delicious and flavourful (although pretty unhealthy), there’s plenty of sightseeing in the city and the nightlife is vibrant with night markets and uh-hum… interesting shows. And most importantly, all these can be done on the cheap since cost of living is pretty low (at least to tourists coming from developed countries). So I must have had a hell of a time there, right? Actually, it would...

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