Thursday, July 18, 2019

Critical Success Factor #1 on Achieving Financial Freedom: Control Your Expenses

There are two critical success factors to attain early retirement:
  1. Control your expenses
  2. No debt
 Today, I will like to talk more about factor #1.

Thursday, July 11, 2019

Five Months after Early Retirement

Time flies. I have early retired for five months.

For the past one month, I was busy on taking care of my parents. Old age has been deteriorating their health. My father admitted hospital and managed to be discharged two days later. These incident has enhanced my belief on maintaining good health. I have been maintaining a good lifestyle by:

Tuesday, June 11, 2019

Four Months after Early Retirement

Today to be marked as full four months after my early retirement. I just completed my financial review recently and glad to see that my income is higher than while my expenses is lower than my plan. This means I am in a better position even without active income.

Saturday, June 8, 2019

晚年经济独立 Being Financial Independent during the Golden Age

新洲日报 大霹雳 2019年5月18日 第15页



要做到晚年经济独立,年轻时的规划是绝对不能少的。我的规划是从我25岁时开始的。我是边规划边学习。重点是要有一个精确的最终目标。下来要做的就是画出路线图前往目的地。此图就是所谓的计划书。画出图后,还必须实践,不要只是纸上谈兵。 跟着路线图走的时候需不时检讨路线是否实际并适时调整以确保在指定的时间内到达终点。这就是整套的财务规划。说难不难,说容易也不见得。最难得地方在于自律。许多人就败在这里。当你不能自律的跟随方案进行的话,还谈什么成果。下来就是不愿意学习。财务管理和投资都需要学习。学习过程中难免会有错误。这时以其灰心,不如自我检讨,从错误中学习才是前往成功的不二法门。


This Chinese article is talking about being financial independent during the golden age. For some parents, they believe that their kids will take care of them when they are old. As a matter of fact, their kids will face other life difficulties as well.

To me, I never expect my children will take care of us. My belief is that we, as parents, will provide them financial support until the age of 25 at most. By then, we will not ask for financial support from them as we hope that they could put more effort on settling down their family. If they success, this will be the biggest gift to us.

To be financial independent during the golden age, you have to start your financial plan as early as possible. I started mine at the age of 25. I learned and practiced at the same time. The first time you need to have is where you want to go and by when. Subsequently, you have to draw a roadmap to get to your destination. Your map will be useless without action. You also have review your progress against your roadmap and make necessary adjustment to ensure you will arrive your destination within the stipulated time. This is the whole financial planning about.

It is actually not that difficult. However, people fail mainly due to lack of self discipline. If you can't even follow your roadmap, don't even talk about success. Also, if you unwilling to learn, you will also not get what you want. The whole process is talking about mistakes and learning form mistakes. By doing so, you will be able to fine tune your route to make sure you reach your destination.

Have you started your financial plan for your old age? 

Monday, May 13, 2019

3 Months after Early Retiremeent

Some of  my friends told me that I would be bored three months after retirement and soon I would look for a job again. Now, 3 months has passed, I don't even have any feeling on going back to be an full-time employee again. This is simply because I very much enjoy my time being filled up with various activities such as having daily morning exercise, having my each meals slowly, taking care of my plants, slow reading, learning Japanese and Hakka, watching my favorite dramas, tutoring on my kids school subjects, helping my wife on house work and cooking, shopping around with my wife during weekdays...(the list goes on). What surprise me is that I only realize that I have so many activities when I am writing this.

Recently, I have dig out my long lost-touched guitar. After replacing the broken first and second strings, I started to play with it a week ago. Since I could only play simple guitar music, I would like to learn more on guitar playing skill at the lowest possible cost.

Sunday, May 5, 2019

Health or Wealth, Which One Would You Choose?

Money is important. Without money, we can't even meet our basic needs nowadays. That is why we all work for money in order to survive. We work so hard that we fully utilize almost every awake minute to earn. So hard until we have no idea that we have gradually deteriorated our health. Here comes a question, is it worthy to forego health for wealth?

Thursday, April 11, 2019

2 Months after Early Retirement

It has been 2 months after starting of my early retirement. There are some significant changes over my life which I would like to share in this post.

First, my life focus has been gradually diverted from boring & pressurized daily full-time job to life enjoyment. When I was still an full-time employee, most of my day time had been occupied by my then employer. Of course, this is a must according employment contract. Each and everyday then, after a-day work, I was so exhausted. I didn't have any mood to enjoy the rest of my day as my mind was still filled up by work related issues. I still had to consider solutions of those issues even though I was already so tired. I couldn't sleep well due to anxiety. This was really torturing and my health had been affected. 

Monday, April 1, 2019

Things to Look into Before You Quit Your Full Time Job to Become A Free Man

It took me years to finalize my decision to quit from my full time job. You might think that I should not have any worry as long as I am financially ready. As a matter of fact, there are also others areas I need to look into before I am ready. Here I would like to share my experience about things to look into before I make such decision.