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Showing posts from January, 2018

Already 5 years into the workforce. What have I built?

It was a sudden awakening - I've already worked for more than 5 years.

But what have I achieved?

I stepped into the rat race as a noob (nobody uses this word now, I admit I'm old), being tekan by unhelpful "seniors" who thankfully left after 1+ year of torture and earning lesser than my peers, to slowly building up my confidence, emerging stronger and being more courageous to say "No", proving myself along the way and getting rewarded with better bonuses and increments.

I know I'm working just for the money (and the medical benefits that comes with it).

If I look at the money, so far, I should be doing it right in my career. I've decent bonuses and decent increments. I'm in a general profession, but I'm doing pretty ok.

So what has my 5 years of work got me?

Money. 

Through employment, coupled with my thrifty habits, I managed to hit $100k savings at 25 years old. And it took me another 2-3 years to get another  $100k at 28.

But, along with it,…

The lure of Feb 2018 Singapore Savings Bond

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I am always on the look out for the best place to park my money. This is one of ways I accumulated $100k cash savings before 28
So when I came across the Feb 2018 Savings Bond, my eye popped. The SSB is not new to me. I've subscribed it twice - one in Oct 2015 (the first SSB), and the next in May 2017 - at $5k each. The interest rates are pasted below for reference:
Oct 2015:


May 2017:
Both bonds gives me decent interest rate. However, the con is to hold it out for 10 years before I receive an effective interest of above 2%.
Imagine my delight when I realised that the Feb 2018 SSB gives me 1.55% just after 1 year. That beats any fixed deposits out there. Furthermore, I can redeem my Savings Bonds in any month before the bond matures, with no penalty for exiting early! 
Year from issue date 1 2 3 4 5 6

End 2017 review - net worth at $287k

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I've gotten lazy. I should have joined the hype like everyone else talking about my 2017 achievements and setting 2018 goals, but no, I felt like there wasn't a need to. Who would be interested in my 2017 achievements anyway? But I figured, tracking these down are not for you, it's for me. It's for me to document down bits and pieces of my thoughts so that one day I can look back and recall what I went through.

So hey, it's the 2nd week of 2018. Work has drained the hell out of my soul and I've only worked barely 1 week this year, although I've had a sucky end to 2017. When others were celebrating, I was buried with work. While others were chit chatting casually, I was stuck in meetings and meetings taking notes and doing loads of useless nonsensical stuff that does nothing to improve my life. The only thing I gained out of these was my salary. I am trading my time, my soul, for money.
2017 Review Ok, enough of complains. Here's a throwback on what I di…

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