In a previous post, “How much do you need to retire” , i concluded that the key component to that question lies in your expenses and that will determine how far are you away from reaching financial independence. In a separate post, “Knowing your real hourly wage”, we also discussed our “real hourly wage”, where work related expenses are…
Dave wrote a post the other day that made me think deeply about. The article, titled “Knowing your real hourly wage” resonated with many and was relatively well received by our readers. I wrote about “a dollar for utilitsation” previously, which discusses how we assign a dollar per ustilisation for usage of our stuff, mainly…
You have a finite number of hours on this earth. Every moment is unique and you can’t turn back the clock. Yet, seldom have we stopped to think about how much time we are spending in exchange for our salary. Some of might say, “We earn $1000 a week, working 40 hours and so I…
I came across an article in Raising Savers the other day, which discusses the definition of wealth. These are the definitions which she managed to googled. Webster’s dictionary defines “wealthy” as people who have an abundance of material possessions. Wikipedia discusses wealth in the United States as a measurement of net worth, which is the sum of all…
The hot question that a lot of people might be asking themselves is “How much money do you need to retire?” or “What is the magic number to retirement?”. Basically, it just refers to “How much money you need to not have to work again for the rest of your life“. A lot of financial…
Committing to stupendous long term mortgage is becoming a norm in Singapore. From the outset, Singapore has one of the highest rates of home ownership in the world so it is not exactly surprising that a higher proportion of young and married couples are slapped with mortgage loans. For many of us, mortgage is probably…
When it comes to downsizing, whether from a bigger house to a smaller house, a bigger car to a smaller car, more often than not, it would attract sympathetic looks from around. Those that probably say, “I am sorry that you are not doing well” or “Well, I guess it’s hard with those monthly installments…
Before we moved to our new place, one of the first questions I posed to Dave was: “Are you subscribing to cable TV?” Or to be more specific, a 3rd party content provider. The impetus for me to asked this is because Dave is a huge soccer fan. He loves watching soccer games and as we…
By Dave It is not uncommon to hear things like …… “Why are you taking so long to decide? It is CHEAP so you should just buy it” “You should buy in bulk because it is CHEAPER” “You should buy a few more because it is CHEAP” According to dictionary.com, CHEAP could be defined as…
By Kate Recently, I came across an interesting article that was featured on Rockstar Finance, titled “What if one dollar was worth one use?” Basically, it explores the premise that you assign a dollar for each usage of your items. This is a brilliant way of assessing your potential purchases and if used in the right…