Forget for a moment about the really successfully people who have so much money that they don’t need to make choices. Most of us don’t fall into THAT category. We have limited money and we need to make choices. In fact, I would say making hard choices is the single most important factor that differentiates […]

You might think that many Singaporeans will ponder over this question but the truth is there is hardly any conversion around this topic. Most have either not thought about their retirement plans or they are resigned to the fact that they will be working until they reach 60. Having stayed in Singapore for so long, […]

In my post on my early retirement plan, I mentioned that I need to get a 4% return for a million dollars in savings. This will yield about SGD40,000 per year, which a nice contribution to cover our living expenses. Now, the challenge is to find that 4% returns. If you have been living in […]

I had an intense discussion with wife yesterday about early retirement and in particular about reducing our expenses by selling the car and eating out less. Of course I was on the losing end of the argument as wife refused to accept the fact that the quality of our lives will not affected by these […]

For those who have read my early retirement plan, you know that I am more inclined to increasing income rather than saving more. However, after reading through some of the early retirement blogs such as Mr Money Moustache, I realise that having a more frugal lifestyle is not that bad. At first, when I heard […]

I saw a reader searching for “Concept of early retirement options in malaysia” and thought I would elaborate more on why Malaysia is such a great place for early retirement. In fact, I think most countries in southeast Asia including Thailand, Philippines, Vietnam etc make great retirement options if you want to retire early. All […]

My first reader posed an interesting question that I thought it would be good to share: how to generate monthly income for retirement. He was looking for ways to generate a source of income after retirement. This fits in nicely with what I was talking about in my early retirement plan. There are obvious different […]

My plan for early retirement rests entirely on wealth creation, not on frugal living. I understand the importance of savings and I do have an emergency fund of SGD100,000 tucked away in a fixed deposit. However, that is not what will enable me to retire early. For me, it all boils down to being able […]

There is a small but growing interest in the term ‘extreme retirement’. This is made popular by a person called Jacab who retired early through extreme frugality. To think about how frugal is his living, he spends only USD7,000 per year. That, to me, is simply amazing. I know of people who spends nearly that […]

Early retirement is about an attitude change. It is also about taking charge of your life rather than letting it slip away. It is not uncommon to wake up one day and to realise that 10, 20 or even 30 years of your life have passed and we have not achieved what we really want […]