On 10th September, the richest man in China, Jack Ma has announced that he is retiring. The Chinese billionaire would step down exactly a year from now, with CEO Daniel Zhang succeeding him. Why would the richest man with the most valuable company in Asia want to retire? With that much power in the most…
How many years do I need to work to accumulate enough money in my CPF for retirement? Should I transfer money from my Ordinary Account to my Special Account? Can I work lesser years and have sufficient money to retire if I top up my Special Account with cash? 4 years ago, these were the…
Update: It was brought to my attention that some readers have misinterpret the purpose of this article when I used myself as a personal case study. While I try to keep my personal life mostly separated from this blog, I decided to share more information about myself. I did not have the good luck to…
Explaining personal finance to kids can be very challenging, especially when it comes to the logic around compounding. Here’s a simple way to explain the power of compounding with your kids. Here’s how the conversation would be like between me and my imaginary son, Tom. Mickey: Tom, what would you rather have, $100,000 or a…
In my last post, I wrote about how my first property investment has finally completed and with that, my 3 years of scrimping and saving to pay for the purchase has also ended. Hooray! Recently, I saw a photo of the actual building in a property investment website so I thought I share it with you. I…
I started my journey 2 years ago with a simple goal of improving my financial lifestyle and the aim of retiring by the age of 50. I can’t say the journey was easy as I had to make many lifestyle changes and be wiser about how I spend my money. In some cases, it can be…
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