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Retirement Money Draw Down

1 day ago JCprojectfreedom 0
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

7 days ago JCprojectfreedom 0
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

Half Year 2019 Financial Update

3 months ago JCprojectfreedom 0
Dividend Income and Property Management Income update For the 1st Half of 2019, we received SGD 25,342 as Dividend Income as compared to 1st Half of 2018, SGD 43,238 as Dividend Income of which SGD 20,000 is Special Dividend. Less the Special Dividend, the Dividend Income is comparable to last year. However, we saw slight Read More

Envy

5 months ago JCprojectfreedom 0
Charlie Munger says,” Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun.” The root of this evil is when we make comparisons in life, investing and everywhere. Brian Halim’s post mentioned “They should never this as the Read More

Semi Self Employment Personal Finance

7 months ago JCprojectfreedom 0
When you are employed, you can plan your personal finance which is easier than when you are in self-employment. If you survive till end of the month, you will receive a pay check with your name on it. With the steady cash flow in, you can plan for fixed expenses and allocate the rest for Read More

Business Owner’s Guide to Financial Freedom

11 months ago JCprojectfreedom 0
An entrepreneur is someone with a burning desire to work for yourself and create something. There is difference between freedom and flexibility. Entrepreneur has flexibility, it can be the greatest strength, agility and ability to make quick decisions, and cultivate better financial habits. Don’t depend 100 percent on your business for your retirement income. Remember Read More

Early Retirement

11 months ago JCprojectfreedom 0
I read Kyith’s post which clearly summarize all the important factors on some of the negativity of early retirement. In The New York Times’ article “How to Retire in Your 30s with $1 million in the Bank”, it mentioned that some millennials are retiring early and embrace the FIRE movement which stands for Financial Independence, Retire Read More

Planning for Financial Freedom

11 months ago JCprojectfreedom 3
Recently I am worried, there will be few nights when I do not know whether we are still on track on our journey towards Financial Freedom. This is due to the trade war between China and United States where my HK stocks took a beating. To aggravate things further, Richard Liu (CEO of JD) was Read More

How and what CPF can be used for?

1 year ago JCprojectfreedom 0
The choices that you make with your CPF savings will have an impact on how much you have for retirement. Make informed financial decisions when you are younger for a worry-free retirement. How to buy your first home? Mortgage repayments should not exceed 30% of your monthly household income. When it comes to buying your Read More

Put your money to work to create more wealth

1 year ago JCprojectfreedom 0
Do you want to put your money in motion to create more wealth for you? Do you remember the formula of Momentum in your high school? I am going to apply this formula into how you can use Momentum to create your autopilot wealth machine to achieve financial freedom. Momentum = Mass x Velocity Mass is Read More