Ferrari Me (Ferrarilim)

 * Coast FIRE * is a variation of the FIRE (Financial Independence, Retire Early) movement, which advocates saving intensively and retiring early. Similarly, Coast FIRE involves * front-loading your retirement savings, but with the goal of stopping saving at a certain point and letting your investments grow until they are enough to fully fund * your retirement at the traditional retirement age of 65 or so. * Barista FIRE * is a branch of the FIRE movement where you still save aggressively towards retirement. But instead of quitting work full stop and living off of your investments, you * save until you reach the point where you only need to work part-time * (or earn some passive income). * Fat FIRE *—This is for the individual with a 9-to-5 job who aims to * save substantially more than the average worker but doesn't want to reduce their current standard of living .* It generally takes a high salary and aggressive savings and investment strategies for it to work * Lean FIRE *—This

  Retirement overhead cost 1. Wonder if you are aware or like me having the Critical Illness (CI) rider attached to my whole life Insurance expired or expiring at age 60/63. 2. With no CI protection, my wholelife insurance protections are left with $220k Death & TPD coverage at combined premiums of ~$4k p.a. (inclusive of rider). Expensive! 3. Sometimes we bought wholelife policies during our youth some 35 years ago.  They had served our needs. 4.  While I was sad to terminate both wholelife insurance, I am concerned of not adequately covered for CI.  CI alternative 5.  At my age, premium for CI TermLife or Term policies are very expensive.  Also usual Mindef-Aviva GTL $860 p.a. premium is also expensive for Group Living Care $100k; again at increasing cost till age 70. 6.  When it comes to insurance protection for my family, we have ~35 policies, wholelife, Term, CI, H&S, shieldLifes, PA & DPS. 7. And these are not my 25 endowments !! ~~~ 8.  This insurance episode makes m

1. It is common that many would critic on ILP.  2. Not that we investors would be bothered with ILP or whatever its name; as what was well said:  "Ne it white cat or black cat.  Any cat that can catch mice is a good cat" as coined by chinese ex-Premier Ding. 3. If any investment is not serving any purpose or not optimal, one can exploit its strength to good use. 4. Every investment serves its purposes; either shareholder wins or Mgmt wins through at fat salary and ownself declared bonus. ~~~ 5. One advantage of ILP insurance is that one can withdraw its cash value without terminating the policy.  The units held are in Fund units; so its Cash Value depends on Fund performance. Example1: optimal use of ILP PVA Someone bought PruVantage Assure (PVA) which suits him. He earns lifetime high dividend payout, though expected portfolio value would reduce, but yet capital is guaranteed upon bequest. If he holds till bequest, he gets best of both world. Example2: Optimal use of ILP Pru

Knowing your Networth.  Your Investment/Earning Grading. I had a chat with someone in his early 50s on his investment journey. Maybe he is humble to share. He appeared to lament that his assets are only his fully paid home and one PA plan. To help him,   I briefly tabulated an action for him, as follows: 1. Maybe first try also account for your assets by every $100ks.  See where they went to or spend on ? 2. Estimate total earnings over the years; through ITX Annual Statement of Income. 3. Then compute your performance (saving/total earning).  Then assign grade to it.  4. And compute your networth.  DBS NAV Planner is useful.  Then it can also provide a guide you the comfortable retirement monthly expenditure, with inflation adjusted. 5. Next then try how to be focussed on investment to reduce your money leakage and build up your dividend/return. ~~~~~ 6. Not sure if there are any such grading to your Passive Income-to-Total Earning Grade. And how is your Networth Grade . I will che

Of   Jokes & Laughters One tour leader shared two jokes yesterday: 1. His name initials is " OT ". Today he is on OFF today, being May Year. 2. Good staff is hard to find ; for they are always not around. *  Laughters brings de-stress.  *  Holidays offer rest (body, mind & Soul). *  Travellings bring us to places & making new friends... food. *  Break from regular job to smell roses and wonderful sceneries. ~~~ Special May Day today (1 May 2024 ) 1. I saw on video of our PM Lee bowed after his last May-Day 2024 Message. Of Gratitude 2. I saw Thankfulness & Gratitude as he bowed and made his exit from auditorium stage... (with background spotify playing soothing hymns in my ears.)

  Day 11 of Turkey/Greece Tour Values and Our Legacy 1.  One tour mate couple celebrated both their birthdays during this trip. 2.  From their sharings: * On each every year birthdays, everyone in their family will send video birthday greetings to the birthday persons.  * This tradition continues even now their children have their own family and children. * On each wedding annual anniversary, the couple will also spend time together to reflect for the year and to pray for one another. * On each Birthday, the birthday spouse will enjoy the special 3-day privileges of requests. * I suppose their traditions are also catched on by their children. 3.  Wonderful sharing👍🙏