Myth of Your Personal Net Worth

Do you know how much do you worth? Your net worth is the same as a company's balance sheet. It is as simple as the difference between Total Asset you own and Total Liability you owe. A positive figure means you own more than what you owe or vice versa.

My Friends' Response on My Early Retirement

I was in very low profile on I resignation. My friends who know understand that I have my own way on financial management. Normally, everyone can see that I am different from the others on handling monetary issues. Because of this, my friends sometimes like to get my consultation on financial questions. However, if they unwilling to reveal more information about their financial status, I could only share general advice. Because I share my personal experience which are somewhat different from what they generally precept, they normally deny my advise. I recognize that there are three types of learners during my sharing:

我认识的朋友们对我提早退休的反应（非常有意思）

我在辞职时是非常低调的处理。认识我的朋友们都晓得我在财务管理有一套自己的方式。在平时，大伙儿都能看出我在钱财处理上和他们的不同。也因为这样，朋友们也不时想我请教财务上的问题。若他们不给于我更多他们的财务状况的话，我至多只可以分享一些表面上的管理建议。因为我分享的是我个人的经验，有些与他们一般所知的有些不同，他们会问我为何不“如此如此，这般这般”。我也乐意分享为何我不“如此如此，这般这般”。我发现在分享后，不同人会有不同的反应。基本上，我可以把他们分类成三大学习者：

Two Weeks After Early Retirement - Commence of Enjoying My Fruits of Delay Gratificatiion

It has been two weeks since I stepped down from full-time job. In this post, I would like to share about the changes to me since then. 

Are You Aiming for EARLY RETIREMENT?

You might have been hearing people keep talking about early retirement for various reasons. Yes, your reasons for early retirement is your motive to move forward. With this motive in mind, you have to consider your path on getting there. In short, you know where is your destination and now you have to consider how to get there.

Start Early

I have friends who wonder how I could achieve financial freedom while my kids may only complete their education in 4 to 9 years to come. They curious about how I am so sure that I have accumulated enough at such a "young" age and ready for foreseeable and unforeseeable circumstances in the remaining of my life. Well, life is indeed full of turbulence and I really have no idea what will be happened in the future. However, it is important to make sure I am ready for these unpredictable future and this "cushion" is ready before I get out from the rate race.

Last Day at Work

I felt great during Lunar New Year break as I did not have any pressure on work after the holidays since I have completed tasks handing over to my successor. Unlike previous years, I slept very well and felt relax. This is the biggest variance that I first ever experienced. 

Today, February 11, 2019, Monday, the 7th day of Lunar New Year, to be marked as an important day to me. This is the final day that I work as an employee for the company that I have been serving for the past 21.5 years. I have been expecting this day for years but my feeling is mixed when this day is finally come.

During my drive for my final day to work, I tried to enjoy all the scenery passing by. I greeted my Chinese colleagues "新年快乐". My Managing Director bid me a farewell early morning due to his busy schedule. My good subordinates and colleagues handed over me some souvenirs and I gave away chocolates with gratitude before I left. 

Starting tomorrow, I'll be entering a new stage of my life. I have totally no idea how it will be looked like even though I have been projecting and practicing my future life for the past two years. Life is full of changes and challenges and I am ready to overcome them.

Yes, indeed my income will be very much reducing as I will be living on my own without any active income. On the other side of the picture, I have more time for myself and family with healthier lifestyle (as a  result of no more work pressure) which is a good trade-off. Reducing in active income doesn't mean that I'll start spending my own savings. As a matter of fact, my passive income has been much higher than my living expenses which, in turn, I could still maintain my current lifestyle without worry about money. 

Yes, my savings will be slowing down without active income. However, I don't think foregoing my health for more savings is a good offset as my health can't be bought no matter how rich I am. I must admit that not everyone could simply take this major move and I am glad that I have taken mine.

I am expecting my new life to come and I wish all my ex-colleagues, friends and their family members to have good life and health. All the best to all of you.

开工大吉

今天是己亥年正月初三。大家还沉醉在农历新年的快乐假期中，而我是这么多年来我第一次这么早“开工”。这也是我这近23.5年的打工生涯中的最后一次“开工”。