"If you are spending, you are doing something wrong in this life" - Kyith Ng of Investment Moats fame I caught Kyith making these tongue-in-cheek comments in the financial independence forums, subsequently, the Investment Moats blog published an article here which opened up avenues to analyse the lifestyles of thought leaders of the FIRE movement in Singapore. At the same time, some anonymous commenter called out Kyith for living like a Monk.   The question is: can we resolve this question objectively without getting too personal? The answer is yes, I built a framework using the equations in The Missing Billionaires book to project the ideal spending percentage for myself (an SG dividends investor using STI as a model) and for Kyith (a more sophisticated globally diversified ETF investor modelled after the VWRA ETF), I've come to the conclusion that Kyith of Investmoats is highly likely to be underspending and the...