And here are the lineups…
Should You Focus on Making More or Spending Less? (Retire by 40)
“Should you focus on making more or spending less? This is a trick question. You need to work on making more AND spending less. Everyone should focus on increasing their saving rate instead of picking one side over the other.”
Let’s put it that way, both goes in tandem. Most of the financial bloggers I know, or rather at least those that have achieved FI pursue both to the most minute detail. We already know that income does not equate wealth. The other key factor is expenses.
The Real Singapore Inc. — Why We Don’t Have A Global Company (Dr Wealth)
“Singapore’s superpower is closely linked to our financial and economic status. We have no resources; we only have money. We cannot lose this power. The only way to preserve this and to ensure our survival is for our government to plan, execute and function as one Singapore Inc.”
With Singapore in the limelight due to “Crazy Rich Asians” (I haven’t read the book nor watch the movie but heard lots of great things about that – predominantly how highly entertaining it is), here’s a closer look at our economics and in particular – Singapore Inc. Why haven’t we expanded our global footprint as much as we think we should have? A most riveting read.
The luckiest decision that I’ve ever made was to marry my wife (Think Save Retire)
“I am sitting in the position that I am – freedom from full-time work, adventuring through some of the most amazing parts of our country and working toward incredible goals, because of the person whom I married.”
I showed this article to Dave and he was like – “What he said is true and I agree with him”, which gave me lots of self-satisfaction for the rest of the day, saddled with pride and what not. Anyway, jokes aside, especially for couples, to achieve FI together, it is paramount that both are on the same page, making the same goals, the right decisions. Well, I mean it’s pretty much wasted if one party just try to save as much as possible whereas the other party just spends money randomly without much thought isn’t it?
People retire early for 2 reasons, and neither of them is money (Business Insider)
“Money is so unimportant to early retirees that in hindsight, many said they wish they didn’t wait so long to retire early, even if they didn’t have as much money saved as they would have liked. For them, you can’t put a price on the value of early retirement.”
Do you really need a million dollars to retire? Our magic numbers is probably much lower than what many would have imagined. Our main objective to achieve FI remains unchanged – to have more control of our time and freedom of choice.
The Sacrifice We Made To Obtain $1.5 Mil of Dividend (STE’s Stocks Investing Journey)
“We worked part-time as “indoor-sales “ at one of my wife’s uncle shop at Bugis, after worked from 6-9.30 pm and even Sat & Sun, so basically it was 7 days a week unless there was some occasion or going back to my hometown.”
A lot of what was discussed was “delayed gratification” – saving for the future. But hey, they have seen the fruits of their labour and $1.5 million of dividends is freaking impressive! A most inspiring read.
Here’s a quote to round it up.
