Our Journey Towards Financial Freedom
JC Financial Freedom
Short Term Oil Rush
7 days ago JCprojectfreedom 0
I am sharing this to record my option trade. It is not meant for stock or options trading recommendation. We started the new decade with new turmoils between USA and Iran. I wanted to go long on RDS.B but I end up selling put @ $55 expiry 17th January 2020. I could have made more Read More
Create Unfair Advantage
2 weeks ago JCprojectfreedom 1
This article is with continuation from the learning from the book “How to be a Capitalist without Capital” (you can read previous post here). Unfair does not mean dishonest. The specific persuasion method is to sell based on fear. When we fear something, we will do anything to fix the fear. Don’t try to persuade Read More
Meeting with Kyith Ng
2 weeks ago JCprojectfreedom 2
I met up with Kyith Ng – owner of Investment Moats, He is generous in two ways, I was one of the winner of the illustrated book – Principle of Economics by Gregory Mankiw and he spent time to provide wealth coaching on New Year’s Eve. This makes end of 2019 very meaningful. I drafted Read More
4 Rules
3 weeks ago JCprojectfreedom 1
Rule 1 Don’t focus on one thing It is more important for you to focus on a few things when you are just starting out. There was a saying, “If you chase two rabbits, both will escape.” This is only relevant if you are going for a huge hit and you are not going to Read More
Recharge During Time Off
3 weeks ago JCprojectfreedom 0
As the year is coming to an end and we are preparing for 2020, we need to allocate dedicated time to rest, reflect and prepare for more challenges. We need to prioritize self care, decide time for sleep, work, exercise, meet friends and other tasks to work on. We need to measure our progress, reflect Read More
Debt Management
3 weeks ago JCprojectfreedom 0
This morning I spent time with two old friends to catch up over coffee. One of them had to leave earlier to spend time with family and I continue to have a deep conversation with my friend. He had a gambling addiction and finally it had came to light over the years. Currently, he owes Read More
Invest with SRS
1 month ago JCprojectfreedom 1
In the previous article (you can read it here), we look at using Central Provident Fund and Supplementary Retirement Scheme to reduce taxes. Supplementary Retirement Scheme (hereby known as SRS) is a tax deferment scheme which serve as a retirement tool while reduce tax expenses. SRS is an effective tax reduction tool for mid to Read More
Use SRS and CPF to reduce Income Tax
1 month ago JCprojectfreedom 1
Year 2019 is coming to an end and in this article we will like to look into ways to reduce income tax. This is a happy problem to have which means that you are drawing a high salary. Do note that the total amount of personal reliefs an individual can claim is up to S$80,000 Read More