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Showing posts from October, 2021

I will become a Millionaire, for sure

The title is not a clickbait.  In all honesty, I am going to become a millionaire for sure in my lifetime (assuming I don't die young, choy!). I am very sure I'd become a millionaire, at least through CPF. Yup, 1M65, 1M48A is going to be a reality for me. Based on my CPF projection, these are what I realised: Next year, my OA + SA will reach FRS  At 35, my SA alone will reach FRS (which means I can't do RSTU and get tax relief) At 42, my SA alone will reach ERS  At 47, my OA + SA + MA will reach $1m combined But I am still not satisfied. I don't think this is something worth shouting at. Millionaires decades ago vs today are vastly different in riches - what's more millionaires decades down the road. It's like me cracking lame joke in Indonesia that I'm a rupiah millionaire. By the time I reach 50-60, I am sure there'd be many fellow millionaires. Everyone is so financially savvy these days. Heck, even students are multi-millionaires . And by then, being

Tiq 1.62% 3-year endowment plan

It has been 10 months since I last talked about Tiq. Back then, they were advertising for a 1.68% 3-year endowment plan  which I got for my mum. This time, they are rolling out a 1.62% 3-year endowment plan with a minimum saving of $10k. If you have extra cash lying around and wants a low risk avenue to park your $ (instead of dumping to crypto or REITS with volatility), you can consider this plan to diversify your money. I believe for those who jump into the crypto rabbit hole, these 1+% interests looks darn pathetic. I feel you. But crypto ultimately holds some risks as there's no strong regulation backing; even stablecoins. So I'm considering placing $10k of my cash here. Also, this beats my DBS Multiplier interest of 1.60% and I had to jump through hoops ok.  Registration What I love about tiq is their fuss-free and simple sign-up. You can refer to my past posts where I blogged about my "investment" into them. I treat these as an alternative savings plan with add

I finally set-up my SRS account and then DBS screws up

I've finally set up my SRS account. In the past, I didn't feel the need to do so and these were my thoughts: no need for additional tax savings since I'm doing annual CPF top-up no clue what to invest using SRS funds  don't want my $ to be stuck in an account till age 62. That's another 30 years (and I've only just passed thirty years on earth!) However, circumstances have changed. As my income grew, I needed more avenues to reduce my tax. Not that I'm earning a lot, but the intent was the same as me doing my annual CPF top-up i.e I'd rather save the tax monies and channel to my mum and I, than doing nothing to my tax relief and paying 100% to the govt - likewise, topping up to my SRS would work the same way. The chart from DBS web below would serve as a good example of the potential tax savings we could save.  More importantly, the call to lock-in my retirement age at 62 has pushed me to take action because 2021 is the last year/chance before the statut

My Daily Apps Routine 2021

In Mandarin, there's a phrase called 手机不离身. To translate, this means our mobile phones being an integral part of our life/body - we need to constantly hold and have it near us. I got reminded of this phrase as I was about to jot my thoughts. That came from my mum.....who nags that we are constantly on our phones haha I used to have a habit of turning off my phone at night to: - save battery -remove radiation - prevent calls/msgs from disturbing me But I no longer do so. In fact, my phone is on 24/7, and I even put it beside my bed while I sleep. The phone is smart enough to set "Do Not Disturb" mode come bedtime as well.  Anyway, this post serves to share the apps I used the moment I wake up and throughout the day. Perhaps years down the road, new apps would overtake the old ones?  And yup, first thing I wake up is to grab my phone! Tiger Brokers App Daily routine to collect tiger coins. I currently have 7000 coins, still far from the 18k coins to claim a $88 stock vouche

Part 4 - Crypto.com referral bonus of USD$50 and NFT reveal (underwhelming)

Oopsie. I was supposed to reveal my NFT but work caught up and I've forgotten about it. Until, I was reminded by a cryto.com notification that there's a special referral promotion running now. 2 things: 1. NFT reveal Earlier, I shared about the enticing promotion by crypto.com  here . By signing up as a new user, you'd get $100 CRO coin plus a NFT! Unfortunately, this promotion has ended. It was a great promotion for me though - especially after crypto transactions via Binance would be greatly limited. Anyway, for those who are curious how the NFT look like, it was pretty underwhelming. At first, when I saw it animate, I thought it would "crack open" and reveal a unique character or something.  You can search for mooncake in their NFT platform or visit here  to see how it looks like. That's not mine btw. I don't intend to sell mine, neither do I think anyone will buy it😬...unless they come up with a use case (hopefully?) 2. USD$50 referral bonus If you m

Enjoying the mundane rhythm of 2 years and hoping it lasts

I've always been appreciative of WFH. Even before the pandemic, I enjoyed telecommuting because it gets me away from office politics and tensions with people. I really hate (fake) social interactions. So after close to 2 years (time flies), I'm documenting my quick thoughts about my mundane rhythm so that I can look back fondly if we were to ever be forced to return to office😠. For context, I love staying home. I'm glad to be able to move into my house and settled the renovations before the mass disruption. Having 3 bedrooms meant my husband and I have our own room for work. We started off working in the same room, but given the number of calls and meetings we need to attend, it was difficult to be together. Nope, we didn't quarrel. Now that I reflect upon it, it seems like my husband is the BEST co-worker I've ever worked with! We are comfortable with each other, and shoot what we think, yet are respectful of each other space. He doesn't judge me regardless o