Net worth data has long been a topic of fascination, and for different reasons. Some of us (especially personal finance bloggers) track net worth for accountability, whereas you may do it for your own reasons. My net worth reports can be found here and I update them on an annual basis. Before we get to net worth data, I wrote in an earlier post that Median Gross Monthly … [Read more...] about Average or Median Net Worth By Age In Singapore (2019)
Anything and everything about personal finance. Financial independence, retire early (FIRE) is a recurring topic plus budgeting and expense tracking, retirement plans i.e. CPF and increasing our net worth to supercharge our FIRE journey.
The Central Provident Fund (CPF) is a central piece of the puzzle for my FIRE journey and it is no surprise that it will continue to feature prominently on my blog. I have been posting CPF updates (you can mouse-over the Reports tab on the header menu bar) on my blog for the longest time because to me, that's accountability and 100% transparency in terms of tracking my … [Read more...] about CPF Report 2020 – First Half Update
Long-term care support schemes are increasingly being focused on and that is no surprise, given the inevitable issue of the aging population that we are going to face. Two of the newer CPF-related terms that we are going to be acquainted with are MediSave Care and CareShield Life. CareShield Life CareShield Life should be familiar to more people as it was announced in … [Read more...] about CPF News – MediSave Care And CareShield Life Launch (End 2020)
Hammerhead is a shrewd licensed moneylender and he owns two separate companies to give the illusion of competition to the general public and consumers. Hammerhead went ahead and set up two different companies called McShark and Shark King. McShark is offering a flat 2.5% rate on all loan amounts with a special condition.Shark King is offering a flat 2.6% rate on all loan … [Read more...] about Picking The Better Loan – Which One Will You Choose? 2.5% vs 2.6%
FIRE-itis. An imaginary disease that when afflicted, causes the infected to pursue early retirement immediately regardless of their financial readiness. Full-time employment is no longer an option. I figured that it would be a fun exercise to write about. The focus would likely shift from one that focused on asset accumulation to cash-flow and sustenance. 1. Dependents Number … [Read more...] about FIRE Gone Wrong. Retire Early Without Financial Independence – An Exercise