When I Hit 100BI Below EV

Financial Summary

Been doing some financial research for the past few months - From reading investment blogs & forums, watching financial documentaries/books to comparing the interest rates of different local banks.

Now that I've been working for 1 year+, I think it's really time to look in these. Feel that it's already late, but better late then never, right?

Financially, I think I'm doing pretty well. At the very least, I'm completely debt free.

These are some of the financial actions I've taken in the past year:

- Consolidated and organized the insurance policies from childhood (Thanks mum).
- Purchased a private H&S insurance plan.
- Closed down redundant bank account.
- Diligently keep track of my expenditures for 6 months.
- Accumulated a healthy, more than recommended amount of emergency funds.
- Set aside the emergency funds into 2 of the highest interest rate saving accounts in Singapore (No plans to touch them from now on)
- Saved up a pot of investment fund that I think is now sufficient to make meaningful and efficient investments.
- Created a new securities account on a new platform (which I think is better than the old)
- Brought my first "Precious Metal"! (small one lah)

...

Now, the plan for the new year will of course be getting started in investments. Allocation, diversifying, learning about different securities...... It will be fun~

Cash Flow Statement

Sometime back (when I started working), I embarked on a mission to track my expenses. I feel that it's kind of important to know how much excess $ I have each month to save/invest.

It's really interesting once you get a substantial list of data, when you can start answering questions like: How much money are you spending on average on breakfast/lunch/dinner? How long can a month salary last based on your expenditures?

These insights into data... It's sort of like personal Business Intelligence! (My field)


...


It was EXTREMELY PAINFUL when I first started doing it, but I'm glad I managed to persevere and churned out half a year worth of data.

I've decided to omit all "major purchases", since they'll mess up what I really want to know - how much is my basic regular expenses.

Do give it a try (don't have to do it for life, just for like 3 months* or so) - I think it'll be worth it.

Estimations and intuitions are never that accurate compare to cold hard facts.

For example, I now know that 1 month of salary can roughly last me 6 months. From that, you can estimate how long your "emergency funds" can last you if you lose your job. Isn't that not only interesting, but extremely useful?














*Note: The more months you do it, the more accurate it'll be! 
 

West Journey

今天去送了我近亲最后一程。

生不带来，死不带去 -到最后尘归尘，土归土。

留下的，是许许多多复杂的人事。

其实真的不明白这群人。

在世的时候对他好不是更重要吗？

算了，反正我最不想参与这种事。

我是一个‘自我封闭’的人。 

知道的越多，烦恼就越多。

自己的事都够烦了，为什么要自找麻烦？

一路好走。



 

Return to Greenlands

Made my first return to Greenland in more than 2 years, and my first trip to "The Fields" in more than 7 years.

Such a weird feeling.

In the end I came to one conclusion - the same conclusion I made 7 years ago, and the same one I made this day.

I really don't like this place, neither am I suitable for this place.

Hahaha.

But do I have a choice?