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DeFIRE – FIRE using DeFi
By KPO and CZM  •  May 1, 2021
Traditionally, in order to retire, one will need a relatively large investment where one can either live off the dividends or sell the investment based on an x% withdrawal rate. For example, if I need SG$5k per month for retirement, I will need SG$60k per year and depending on whether I lived off a 5% dividend portfolio or a 4% withdrawal rate, I would need SG$1.2 million or SG$1.5 million. That's a lot of money and most people would rather not think about it, YOLO and enjoy life. What if I tell you now that there is a much faster way to generate the same amount of money with a much smaller capital/investment? Yes, it is in the crypto space and I am mindblown by it. The world we lived in currently is different from the world our parents/grandparents lived in....
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By KPO and CZM
I am Ong and my fiancee (Chan Zui Mao a.k.a CMZ) calls me a Kiam Pok (i.e. stingy/thrifty depending on how you look at it). Hence, the nickname KPO (Kiam Pok Ong). We have decided to name the blog KPO because I have proposed to CMZ successfully and she is officially a KPO too. The purpose of the blog is to list down all the money-saving tips, our investment/journey to financial freedom and to document my life with CZM.
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