Our Journey Towards Financial Freedom

Money at 35 years old

2 days ago JCprojectfreedom 1

Once we reach 35 years old, we will have accumulated more than a decade of working experience. We will be wearing multiple hats, trying to juggle between our married life, children, paying mortgage and taking care of ageing parents. Let us look at what we should do with our money at 35 years old. Accumulate Read More

Retirement Money Draw Down

6 days ago JCprojectfreedom 1

Retirees will face different types of risk during retirement when they are drawing down their retirement fund. 1. Longevity Risk – Risk of running out of money 2. Inflation Risk – Risk of decreasing purchasing power3. Market Risk – Risk of no access to money during market downturn4. Withdrawal Risk – Risk of overspending With Read More

Financial Planning for Different Life Stages

2 weeks ago JCprojectfreedom 1

Financial planning changes for different life’s milestones as goals and priorities will evolve as we age. Hence, it is important to regularly review your financial plans and take actions to adjust accordingly. Aged 20 to 30 You have just started working and enjoy the taste of freedom of having your first credit card. It is Read More

Almost End of Semi-Self Employment Journey 06/08/19

3 weeks ago JCprojectfreedom 0

I don’t want to sound like Aunt Agony but this is another rant of my employee life. Before lunch, my employer told me that if there is no new deal by end of the month, he cannot keep me around for any longer. By 6 pm, my employer told me that I need to give Read More

Quit Like a Millionaire

3 weeks ago JCprojectfreedom 0

I finish reading this book Quit Like A Millionaire by Kristy Shen and Bryce Leung. This article is to summarize some of the key learning from the book. Career Choice Following your passion is a bad way to pick a career. Instead, you can pick a career based on its Pay-over-Tuition (POT) score. The formula Read More

Things I Learn From Meeting Friends

4 weeks ago JCprojectfreedom 0

I always learn new things from meeting friends when we share about our work and life. They help me to understand what is important to their lives, their financial situations and what motivates them. The first meeting is with an industry friend. He works as an offshore shipbroker, he is paid SGD 12k per month Read More

June Expenses 2019

4 weeks ago JCprojectfreedom 0

In the month of June, there were two items which are considered one off purchase. I spent about S$1,050 on a new laptop, preparing myself for financial advisory business. I spent S$2,500 on a luxurious item – Hermes Picotin for my wife. The Picotin is not the latest edition, I believed to be about 6-7 Read More

Save to Become Rich Millennial

1 month ago JCprojectfreedom 0

Many millennial lack the financial planning know-how and indulge in self-gratification, funding their hobbies instead of saving for retirement. Young working adults are spending on overseas travel, latest gadgets, fashion and luxurious accessories. Many are facing an uncontrollable debt at an earlier age. Instead of shoring up savings, some millennial are drawing down from their Read More

Time to Hold Cash?

1 month ago JCprojectfreedom 0

SHILLER PE RATIO Shiller PE ratio is defined as average inflation-adjusted earnings from previous 10 years known as Cyclically Adjusted PE ratio. The above image is Shiller PE Ratio for S&P 500. It can be seen in 1930 when the market crashed which was known as Black Tuesday the Shiller PE ratio was around 30. Read More

May Expenses 2019

2 months ago JCprojectfreedom 0

In May 2019, the total expenses rack up to S$11.4k. There are a few exceptional items such as Maid Expenses, Education and Travel. Maid Expenses consist of 3 months of salary and maid agency fees. Travel expense consist of only hotel cost which is one off cost. Education expense has some exceptional cost. Read More