Sixth Month of Phase 1 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 June, nothing special happened.  It was just a normal month, with normal expenses.  The only event that will impact my finances partially is the end of lease for my tenant in Johor, and he will be moving to KL for other work opportunities.  This meant that my unit will be empty again, and I will rely on my agent to help me seek another tenant as soon as possible so that healthy cashflow returns for my finances in Malaysia.  

In addition, I would like to praise my home country, Malaysia, as quite a few improvements have been implemented recently which made my life easier.  One of them is I am now able to renew my driving license via online app.  So this saves me time and eliminates the need for me to travel back to Johor UTC to queue and renew.  This month will be the Johor State Elections.  I should return to do my part as citizen.

In Singapore, all is as usual, and I suppose no news is good news.  Just continue to live within my means, within my budget, and cruise through this phase of Barista FIRE.  Looking forward to more dividends in the coming months.  Barista FIRE, here I come...!

Comments

Post a Comment

Popular posts from this blog

Is the Middle Class Disappearing? Reflections as an Early 40s Adult in Singapore

-
Image
Recently, I have been struck by two things I watched that felt uncomfortably close to home.  One was a video by The Joyful Investors , where Chief Corporate Officer from HRNetGroup shared that hiring demand today is strong at two ends of the spectrum: ground staff earning below SGD 5K, and C-suite executives above SGD 15K.  However the mid-level employees, those in the SGD 5K to 15K range, are increasingly being squeezed out.  The other was a video by  CNA Insider , which highlighted that workers in their late 30s and early 40s are now more prone to retrenchment compared to other age groups. Hearing both points together made me pause.  I am in my early 40s now, which means I fall right into that shrinking middle.  Is the middle class disappearing and is the middle age groups facing some form of employability crisis?  Even though I am self-employed, does that also mean that inevitably with time, my job (as a tutor) will also be replaced by AI?  Is...
Read more

How Does "Earning" SGD 250 A Day Sound To You?

-
Image
This is a relatively short post, and I just want to share my personal thoughts (to myself) and record it down as a constant reminder to myself in my dividend investing journey. This post is inspired by a conversation in the Dividend Investing Telegram Group.  How will one feel financially if one day, an investor is paid SGD 250 daily, rain or shine, not through active income, but through dividends?  Sounds too good to be true?  Maybe.  But let me churn the numbers to see if it is achievable. To Achieve SGD 250 Per Day: Annual Dividends required = SGD 250 * 365 days = SGD 91,250 Assuming 5% Dividend Yield, Portfolio Value Required = SGD 91,250 / 0.05 = SGD 1.825M As shown above, the capital required is quite massive (for me), and its not easy to achieve, especially when one is just earning a median income in Singapore.  However, dividend investing is never a one hit wonder nor a "get-rich-quick" scheme.  It is a journey, a lengthy, but in my personal opinion...
Read more

"The Necklace" – Timeless Financial Lessons for My Barista FIRE Journey

-
Image
Recently I came across a YouTube video titled " How to Bankrupt the Middle Class in One Day ", and it definitely caught my attention.  After viewing this video (in Chinese), I see many learning points I can incorporate into my financial journey, and hence I decided to write this post as a record for myself.  To do this better, I went to look for the summary of the classic literature, "The Necklace" by Guy de Maupassant.  Summary of "The Necklace" For those unfamiliar, the story follows Mathilde Loisel, a middle-class woman unhappy with her modest life.  She dreams of wealth, glamour, and admiration.  When she gets invited to a high-society ball, her joy turns into distress because she lacks a fancy dress and jewelry.  Her husband sacrifices his savings to buy her a dress, and she borrows a glittering necklace from a wealthy friend.  The ball is everything she dreamed of, until disaster strikes.  She loses the necklace.  Instead of confessing...
Read more