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Detail of my planned expenses at FI – revising my FIRE number

Reading Time: 2 minutes Hey readers! If you’ve been reading my blog for a while, you would know – and maybe have gotten sick of – my FIRE number, S$2,162,162. This is my target amount that I need in my investment portfolio – a portfolio built around the Bogleheads 3-Fund Portfolio, but modified for Singaporeans – that will generate … Read more

“Average Singaporeans” cannot retire early – findings from OCBC Financial Wellness Index

Reading Time: 12 minutes The “average Singaporeans” cannot retire early… Well… that’s not good. That’s an interesting conclusion that I came to after looking at the results of what OCBC released this past week. (This is not a sponsored post.) On Monday 15th July 2019 OCBC released what they called “Singapore’s First Financial Wellness Index.” The study involved a … Read more

Minimum Portfolio Value for Financial Independence in Singapore

Reading Time: 19 minutes So – if you’re like me – since you’ve learned about this FIRE (Financial Independence / Retire Early) thing, you’ve been super excited to get started. You’re super pumped to plan your savings journey down to the day when you can say “SAYONARA!” to having to work to make a living forever. However, you’re not … Read more

Book Review: Playing with FIRE (Financial Independence Retire Early) by Scott Rieckens

Reading Time: 4 minutes “What are the core tenants of the FIRE movement and how will that help me to retire early?” “What is it like to be on the journey to Financial Independence and what are some of the challenges that I would face along the way?” “I’m on board with the idea of FIRE but where do … Read more

My “never have to work again” number – An introduction to the Safe Withdrawal Rate

How much do you need to never have to work again?

Reading Time: 10 minutes This post will go into the basics of Safe Withdrawal Rate and the 4% rule, so if you’re already familiar with the concept, you may wish to skip this one. When speaking to my friends about financial independence – and the freedom you get from knowing you’ll never have to work again to earn money … Read more