A friend asked me one time how does she know the amount of money she needs upon retirement. I answered her, I am not an expert but it is really based on assumptions and then we came up with the scenario below. Assuming, I will retire by age of 65 I will spend 2,000S$ (roughly 66k Php) monthly or 24,000S$ (~ 792k Php) annually I will live until the age of 85 I don’t have any investment and no source…
A week ago I had a rude awakening at 5:30 am. For people who know me, they would think that this is unusual and very early for me. But on that day, when I woke up I had to double check the actual time I woke up versus the train departure time. It was indeed a rude awakening when I saw that the train departure time was 6 am and I didn’t want to miss that train as it was…
A Happy New Year to you dear blog readers! I wanted to wrap up the year 2015 by sharing with you my most popular blog posts where you may able to get some nuggets of wisdom whether new or refreshing insights. I hope you enjoy reading them in the same way I enjoyed writing them. Here’s the recap of 2015’s Top 10 Most Popular Blog Posts: 3 Myths of Investing Four years of investing in stocks and mutual funds may…
Before we enter the new year of 2016, I want to share with you the 2016 52-week challenge template for your use starting on 1st January 2016. Scenario 1 is the original 52-week challenge starting from $1 on wk1 to $53 on wk53. This works with SGD because at the end of the horizon you will have 1,431SGD or roughly 48k Php, depending on the exchange rate. Scenario 2 contains a multiplier (as shown above). Just input the amount you want to…