Author: My CEO Journey

Why my partner and I manage our finances separately

My partner and I have almost separate finances. The only item that is many under both our names, is the present home that we are living in. Our mortgage repayment is done 50- 50 and deducted directly from CPF. We have no joint bank accounts (except the one that the bank made us open for the mortgage for cash top- ups, if required. The value in it is $0 for now), no credit cards under both’s names, or whatsoever. And we are living very well under such arrangement. Both of us are working, and are able to support ourselves...

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How $60,000 is gone before 2017…

I was evaluating my expenses to be for 2017. Unlike previous years, where I have no mortgage to pay for, there is mortgage for 2017, and other additional. Hence, 2017 seems likely to be a year of high expenses. Except for the home that we bought, my partner and I have totally separate finances, so his expenses are not included here. It’s astonishing that even before 2017 starts, almost $60,000 is likely to be out! Do you have this problem like me? Some of the items can actually be cut down. Like cable TV, but it’s at my parents’...

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What two emails taught me

I received two thought- provoking emails almost at the same time recently. Task one comes from email one which requires that I change a few words and the title of my report. Bang, I finished task one almost as soon as I saw the mail. Task two comes from another email which requires me consider A to Z, ground to sky, hair to heel, calculate godzillion of the godzillion, and include them in a report. Guess which task did first? Task one of course. As for task two, it’s too much of a hassle to complete it, and I...

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The Real Cost to be married in Singapore

December is the month where I would attend many weddings. I recently attended my sister’s wedding, which is extremely atypical of a Singaporean Chinese wedding. I had to take leave to attend it, since it is on a weekday day time. The wedding started off with solemnization at ROM. After that, the groom chartered us on taxis (ok, he booked the cabs) to their place for a lunch reception at their newly renovated flat. The event was cozy, and we get to chat with everyone, and even get to know the other side’s relatives.  The lunch buffet was from a...

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Ditch the New Year Resolution

Having reviewed and reflected on 2016, I decided that I need goals for 2017. Many of us have set new year resolutions, and how many of us actually achieve what we have set? For me, new year resolution is crap. They are never effective for me. One week before the “deadline”, I will be cramping stuff to complete, so that I do a bit, and the year doesn’t look so bad. 零时抱佛脚。。。However, the amount accomplished is so minute that they do not materialize into something substantial enough. So for 2017, I am not going to make annual goals. Since...

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Review and Reflection of 2016

2016 is coming to an end soon in just slightly more than two weeks’ time! How has the year been for you? I have started this blog back in September last year, with the intention of leading my CEO life, where I take charge of my business (my life), by focusing for six key departments: – health – personal finance – family – current business – new businesses – personal developmentAs I have not set specific goals to be achieved in each of the department explicitly, in this review, I can only look at what each of my department...

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Do Parents really love their kids?

What is love? To me, to love someone means to think about their welfare, not only for the immediate future, but for the long term. Recently, I have been talking to many people, and hearing their stories regarding housing. As someone who has recently bought a home, I find that Singapore is still a very Asian society, where parents do impose their thinking on their children (even if they are not paying for it!). I guess if that’s for the good of the children, it’s okay. But many a times, I feel that the decisions that parents force on...

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Making a four- room HDB functional for less than $8,000

I just moved into our 4- room resale HDB flat, and we made it functional in less than $8,000! Notice, I didn’t use the word renovate as we didn’t hire people for renovation works. As such, let’s use the term functional here. Initial Condition of the Home Before we moved in, the home came with the following: In- tact flooring tiles Adequate power points Available fibre optic point and television point Lighting switch is still working (though many bulbs were blown) Home came with concealed ceiling (which is bad for modification – so a decision not to rewire or...

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Renovating, Furnishing and Equipping your BTO HDB Flat for S$20,000

If you are on a tight budget, is it possible to only spend S$20,000 in Singapore, to move into a functional 4- room HDB flat? I use BTO as an example, as you start almost from scratch. I did an analysis, and this is what I found: 1. You have to opt for all the optional components offered by HDB, as this will be the cheapest option. It cost about $10,000 for flooring, internal doors and sanitary fittings, as well as the kitchen wall partition. So with that, it will drop our budget, leaving only $10,000. So is it...

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Capitamall Asia Bonds 3.8% – Does the current price make sense?

I received a letter from Capitamall Asia indicating that they will be redeeming the bonds. More information on the redemption can be found here. LP’s blog, which I usually visit with regards to bonds also talked about it. I am currently vested in this bond. This is the first bond that I ever bought, and also the first bond that I have held till maturity. And well, the feeling is rather mixed. With its redemption, I will need to work harder to get my interest income. On the other hand, its redemption also means freeing up cash for other...

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Are you making full use of your company benefits?

It’s coming to the end of the year, and the first thing on many of my colleagues’ mind is ensuring all their benefits are claimed. In addition to medical benefits, my company provides dental benefit, optics benefit and … health benefits. I have always claimed my entitlement each year for dental and optics, but since I joined my company, I have never claimed the health benefits. You see, the health benefit involves signing up for fitness lessons, or gym membership. LESSONS. Not equipment (i.e. shopping). It means commitment after work hours. Exercising But it’s silly not to use the...

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Inspired by B.

I was reading through thefinance, when I chanced upon this blog post by B, author of A Path to Forever Financial Freedom (3Fs). He started his blog 5 years ago, to document his path towards financial freedom, and even drew up a chart to project how he could achieve it. You can read more about it here. I too, wanted to achieve financial freedom at 45 (13 more years to go), and I wrote about it here. Unlike his detailed projection, I only wrote about how much would be required, but I didn’t talk about how to meet that...

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