~~Towards Barista FIRE~~

This post is just for personal reference, to record my personal income and expenses in my journey towards Barista FIRE. For the month of August, it was another simple month for me.  Simple life, simple expenses.  However, miscellaneous spending spiked because I am planning for a holiday with my mum and aunt to China this coming November, and a solo trip to Bangkok in January 2027.  This month I finally settled the flights and hotel stay for both trips.  To cover this cost, I decided to pay myself "bonus" in advance instead of as usual in December.  As I am self-employed, this is basically "ownself-pay-ownself", but I feel blessed to have the opportunity to plan and bring two elderly loved ones to somewhere chill for sight-seeing.  Hope all goes well. Besides expenses, I also receive 'bountiful' dividend harvest this month from banks and REITs.  Looking forward to more dividend payments next month.   All in all, after 8 months of phase 1 Baris...

This will be a relatively short post, just to update on the transactions for the month. For the month of August, it was a jittery month.  With the on-going war and the increase in oil prices again back to the USD 80s level, the better than expected CPI numbers calmed down the markets considerably.  I do not really know what to make out of the numbers, as all these reports and numbers were out of my control.  I can only do what I could, which is to remain invested.   Closer to home, the SG markets were rather volatile as well.  All the companies in my portfolio have reported their earnings, and by the end of the month, all have XD, which largely explains the fall in portfolio value.  All the 3 banks announced their earnings, which were all quite expected.  United Overseas Bank (UOB) had an unimpressive quarter and that lead to its share price diving by around 10% from its high despite higher dividend payout.  Oversea-Chinese Banking Corporat...

My Central Provident Fund (CPF) is one of the less exciting parts of my financial journey is also one of the most important. While many investors spend countless hours searching for the next winning stock, the next high-yield REIT, or the next investment opportunity, my CPF simply sits quietly in the background, doing what it has always done - compounding steadily year after year.  I have never invested a single cent of my CPF monies. As of today, my CPF OA and SA combined are still below SGD150,000.  It is slightly above the Basic Retirement Sum (BRS), but still a long way from the Full Retirement Sum (FRS).  Yet I have no intention of using CPFIS or trying to squeeze out a higher return from these funds.  Instead, I treat my CPF as the bond portion of my portfolio.  For me, CPF is not a tool for maximizing returns.  It is a tool for managing risk. Building Stability While Taking Risk Elsewhere My investment portfolio already provides enough excitement...

A few days ago, while scrolling through social media, I came across the story of Colin Lau , a Singaporean who achieved Financial Independence and retired at the age of 35.  Like many others, I was curious.  It was not just because he retired so young.  What intrigued me was the way he chose to live afterwards. From the interviews and articles I read, Colin has intentionally embraced a minimalist lifestyle.  He keeps his personal spending low, values freedom over material possessions, and has spoken openly about using part of his time and resources to support charitable causes and underprivileged communities.  I genuinely respect the conviction it takes to live according to one's principles.  As I finished reading his story, I found myself reflecting on my own FIRE journey.  Not because I wanted to copy his lifestyle, but because it reminded me that Financial Independence does not have a single definition. Every one of us is trying to reach the same ...