Who doesn’t love the thrill of free money? Don’t miss out on this incredible opportunity to grab your share of the Free Money while it’s still available! As someone who enjoys bringing great things to people, I couldn’t wait to share these amazing deals with my readers. I would also introduce a new feature in Weibull at the later part of this article.
In fact, I’ve personally taken advantage of some fantastic free money and free items recently, and now it’s your turn to benefit too! In a world of soaring inflation and the looming risk of recession, every freebie matters more than ever. Imagine how even a single cent could make a significant impact on reducing your family’s living costs. With a little bit of savings, freebies, and extra money here and there, you’ll be amazed at how much you can slash your family’s expenses! Join me in seizing these golden opportunities today!
3 Days Left Only
I have shared this before many times.
You only need to put in S$0.01 to earn at least SGD$70+ worth of free money. Why not? I have already received my $75.16 and got my spouse to apply too and get another $80.47 (she more lucky and get more than me!). In total we get free $150 by using Two Singapore Cents with little efforts, why not?
For those who want less hassle of referring to previous post above, you can just
Click here to register a new account. After clicking “Sign Up” you will be directed to registration page, just follow the steps accordingly. Remember to fund at least S$0.01 to get the free shares/money after your account is approved!
Do note that the new anniversary deal is up and running until 30 June 2023, 15.59, Singapore Time.
However, for the welcome referral to use S$0.01 to earn US$50 to US$500 will ends on 31 May 2023, 15.59, Singapore Time.
3 days left only!
Thank you to all who have signed up via my referral link.
For those who have signed up, please remember to fund your account with at least S$0.01 to get your free US$50-US$500. There are some readers who have signed up but didn’t fund the account with at least S$0.01.
Don’t waste it! Get the free money! I don’t know if the promotion will be extended or become a new promotion in another form, but don’t waste it and get and free money!
New Features for Webull
For those who have been using Webull or plan to use Webull, there is a very new interesting feature that just came to live on 26 May 2023 – Regular Saving Plans, RSP!
Regular Savings Plan is a systematic way of saving by constantly investing in Stocks, ETFs and Mutual Funds of your choice to average out the rise and fall of the market. You can start the plan as low as US$5
School holiday is coming and I am bringing my family out for a trip. Of course, we need to buy travel insurance. I have bought FWD and seems like there is some discount for those use my referral link. Frankly, I not sure how much discount you will get and what thing I will get for being referral, but for those who are traveling, you might want to consider this!
If you need insurance, use my referral link to get an extra discount: https://www.fwd.com.sg/ref/ddb019e7e093837
There are many news on the recent US debt ceilings. Hence the treasury yields have been raising, people are also worrying about recession risks. At such macro conditions, the best thing to do is to buy assets that are of cheap and decent yields, especially if you are a dividend investors.
See the table below? The last time REITs drop was 10 years yield about 3.9%, but I guess people are used to the talk about interest rates, hence this time didn’t drop much.
This time is different
Many think that this time is different, but it is the same for me. I just buy and slowly dca down when I feel that the price and yield is right. I am aiming about 5-6% yields for good companies.
Pictures speak a thousand words. Action speaks louder than words. Please do your due diligence.
For Mapletree Industrial Trust, the Private Placement price is priced at the higher range, this is different from the other recent corporate actions. The yield is about 6% pro forma. Hence I bought some and hope the price will drop lower after xD next week so that I can accumulate more.
Boustead is high netcash company with NAV much higher than the price of $80. Their recent offer for Boustead Project is at $0.955 which is so much lower than the RNAV. Likely it will book good positive goodwill and up EPS after the results coming out tonight.
Netlink post good results with yield at 5.7% why not?
With the above purchases, I am still holding about 55% cash with monthly cashflow still coming in. I am prepared to average down if needed. (hopefully got chance!)
Grab Free Money while still have!
Lastly, don’t forget to Grab the Free Money while you still have (see this article)!
I have shared this before many times.
You only need to put in S$0.01 to earn at least SGD$70+ worth of free money. Why not? I have already received my $75.16 and got my spouse to apply too and get another $70+. In total we get free $150 by using Two Singapore Cents with little efforts, why not?
However, for the welcome referral to use S$0.01 to earn US$50 to US$500 will ends on 31 May 2023, 15.59, Singapore Time. Less than 1 week left! I not sure if the free money promotion will extend, but I won’t take my chance to get any free money!
Good articles that you should read!
People are drawn to dividend investing.
Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.
I always write and share articles, especially on dividends which many people love them. Do read them!
Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!
Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.
CAREYOURPRESENT
Money just buy you the chance of freedom.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.
Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?
We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:
You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.
REMEMBER:
Love your life daily.
You have one less day with your spouse, parents, children and yourself.
Time is ticking away.
For each passing day,
Enjoy and Treasure your Life!
For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!
For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!
Telegram Group (Chat with me and other like minded people!)
If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!
At the same referral and ebook page, you can also download my free ebooks and other free resources.
For quick references to these resources, you can see below.
Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
Hostinger: You can use this link for hosting your new website. 20% off hosting!
Everyone loves free money! Grab the Free Money while still have! I always like to introduce nice and good things to people. Recently I have grabbed a couple of free money/things, thus I should share such good deals with my readers! Afterall, with the ever-rising inflation rate and risk of recession, every free things/money count, isn’t it? Every single cent will help families to reduce living cost and some savings/free things/free money here and there will greatly help to reduce family expenses!
To add further, we should always learn how to get extra side/passive income on top of your monthly employment active income. I have shared some ways of how I did it via Unlocking Extra Income: Side income updates.
New Masterpiece of us making Pizza Yesterday on 23 May 2023. They were very happily making their first self-made pizza yesterday!
Ok back to the main topic, let me share the free things/money I have get recently!
1. WeBull Brokerage
I have shared this before many times. You only need to put in S$0.01 to earn at least SGD$70+ worth of free money. Why not? I have already received my $75.16 and got my spouse to apply too and get another $70+. In total we get free $150 by using Two Singapore Cents with little efforts, why not?
Do note that the new anniversary deal is up and running until 30 June 2023, 15.59, Singapore Time.
However, for the welcome referral to use S$0.01 to earn US$50 to US$500 will ends on 31 May 2023, 15.59, Singapore Time. Less than 1 week left! I not sure if the free money promotion will extend, but I won’t take my chance to get any free money!
2. Credit Card Promotion!
I always like to get free stuff/money from Credit Card sign up promotion! Recently I have signed up for Citibank Dividend+ Card in April and get my free Google Pixel 6A phone that is worth at least $500! I was thinking since I am going to spend that $500 anyway, why not spend and get $500 free phone for my wife! Hence, I did it somewhere in April, now I am waiting for the gift fulfillment!
Currently, I am also contemplating if I should sign up for Yuu Card promotion. It’s a good decent card if you always buy from Giant and Groceries, 7-11 etc. Usually, for credit card signup promotion, it will be for new customers only, rarely for existing customer. I already have a POSB Everyday Card. Hence, I am an existing customer which usually don’t benefit from any signup bonus. But this time, I can get $80-$120 if I sign up for DBS yuu Card from 10 May to 6 Jun 2023.
I am still contemplating if I should get another card as this means that I am another card with annual fee to worry about. Although I have my unique method to track my cashflow (see article: https://careyourpresent.com/cashflow-management-made-easy-how-i-simplified-my-cashflow-management/), but I am getting a bit lazy recently and a bit too overwhelm with work and of course is busy looking out for opportunities in the Stock Markets!
Recent Trade/Buy
Let me share a bit. I did a recent trade yesterday for Mapletree Industrial Trust. Usually, I am hesitating if I should share my live trade/buy, but I somehow did it yesterday (I am worrying people just blindly follow without due diligence).
As what I have shared in my Telegram Group, I did a smallish trade for Mapletree Industrial Trust yesterday since the price drop below $2.30, I expected myself to lose money in short term (because volatility should be coming soon with debt ceiling issue and risk of recession) but make money in long term.
With the trade/buy, I increased my dividend income by $500+ per year! Notice that I am looking at dividend income instead of paper/loss gain. Within a period of 1 year from now, I am sure that I will get $500+ from Dividend and a very high chance of Capital Gain as long as I am able to sell at $2.30 and above! Do I have the chance to sell at $2.30 and above? It’s very high chance since this is not Prime Reit! Hence, I take the buy. Of course, if it goes down more, I still can add more as I still have war chest.
— Edmond | Careyourpresent (@careyourpresent) May 23, 2023
Good articles that you should read!
People are drawn to dividend investing.
Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.
I always write and share articles, especially on dividends which many people love them. Do read them!
Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!
Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.
CAREYOURPRESENT
Money just buy you the chance of freedom.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.
Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?
We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:
You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.
REMEMBER:
Love your life daily.
You have one less day with your spouse, parents, children and yourself.
Time is ticking away.
For each passing day,
Enjoy and Treasure your Life!
For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!
For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!
Telegram Group (Chat with me and other like minded people!)
If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!
At the same referral and ebook page, you can also download my free ebooks and other free resources.
For quick references to these resources, you can see below.
Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
Hostinger: You can use this link for hosting your new website. 20% off hosting!
Everybody loves dividends! Love monthly Income! It’s like your monthly paycheck. Is there such thing as consistent monthly dividend income from an ETF with global exposure? Yes, there is! Look no further than SDIV – SuperDividend® ETF! It has been giving monthly dividend income for 11 years since its inception in 2011! It is also vested in at least 100 global dividend stocks that provide great diversification!
In short, SDIV is an exchange-traded fund (ETF) that offers an attractive solution for income-focused investors. With its impressive tantalizing 11% annual yield and monthly distributions, this ETF provides greater convenience and flexibility for budgeting and managing expenses. For retirees or income-oriented investors relying on regular cash flows.
Is your saliva dripping and can’t wait to find out more and invest in this wonderful ETF?
SDIV is an exchange-traded fund (ETF) that aims to track the performance of the Solactive Global SuperDividend Index. The index is composed of 100 of the highest dividend-yielding equity securities in the world, including emerging market countries. SDIV is a passively managed fund, which means that it does not attempt to beat the market. Instead, it aims to track the performance of the index as closely as possible. SDIV’s approach of investing in a diverse range of companies across various sectors aims to provide investors with both capital appreciation and consistent income.
Key Features
In Summary, there are 3 key advantages about SDIV
SDIV accesses 100 of the highest dividend paying equities around the world, potentially increasing a portfolio’s yield.
SDIV has made monthly distributions 11 years running.
Investing in equities from around the globe can help diversify both geographic and interest rate exposure.
If you read the above features, what do you get? Very impressive, correct?
With an inception date of July 27, 2011, SDIV has a proven track record of delivering reliable results. Boasting a robust portfolio of 107 holdings, this ETF offers a diversified approach to investing, ensuring that investors can benefit from a wide range of income-generating assets.
One of the standout features of SDIV is its impressive 30-Day SEC Yield of 10.99%. This signifies the attractive income potential it offers to investors. With a distribution frequency of monthly, investors can enjoy consistent cash flow, making it an ideal investment for those seeking regular income streams. Furthermore, SDIV’s net assets of $729.45 million demonstrate the trust and confidence placed in this fund by investors.
SDIV tracks the Solactive Global SuperDividend Index, which further enhances its appeal. This index includes high-dividend yielding companies from around the world, allowing investors to tap into global opportunities. The ETF’s domicile in the United States and use of U.S. dollars as the currency provide stability and familiarity for investors. With a gross expense ratio of 0.61%, SDIV ensures that investors can keep more of their returns, making it a cost-effective choice. Overall, SDIV stands as an impressive investment vehicle that combines attractive yields, diversification, and stability, making it an appealing choice for income-focused investors seeking long-term value.
Top 10 Holdings
With its portfolio of 107 holdings, this ETF offers a well-rounded mix of investments across various sectors and geographies. This diversification is essential for managing risk and reducing exposure to any single company or industry.
By spreading investments across multiple sectors, SDIV minimizes the impact of sector-specific risks and allows investors to benefit from the potential growth and stability of different industries. This diversification across sectors also helps to capture a broader range of investment opportunities and aligns with the goal of creating a resilient and balanced portfolio.
Moreover, SDIV’s geographic diversification adds another layer of risk mitigation. By investing in high dividend yielding companies from around the world, the ETF reduces the reliance on any specific country or region. This global exposure provides investors with access to different markets, economies, and currencies, potentially enhancing returns and reducing volatility.
Observe the 3 screenshots from the SDIV site below, what do you get? SUPER Diversified ETF!
MUST BUY SDIV
With all the above features, its remarkable 11% annual yield and monthly distributions, SDIV delivers a financial experience like no other. This high-yield ETF ensures you don’t have to settle for meager returns or wait for quarterly payouts. Its diversified portfolio spreads risk across top dividend-paying companies from around the world, providing stability even in turbulent markets.
Hence, SDIV sounds like it is a must buy that can help you to say goodbye to financial worries and hello to a monthly paycheck that empowers you to live life on your terms.
Amazing ETF counter isn’t it? Did you regret not buying earlier to unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts?
No! Don’t be blinded by High yield with monthly distribution!
No! Don’t be blinded by High yield with monthly distribution!
You should exercise caution when considering high yield investments that offer monthly distributions. While the allure of regular income can be tempting, it is crucial not to be blinded by the promise of high returns.
The return of this ETF is very poor since inception date. You are definitely much better investing in other things. Look at the 3 charts below, you actually making losses if you invest in this ETF since its inception date in 2011.
There is no point to buy anything that gives you high yield but huge capital loss in comparison with the dividends that you get back. Please be careful next time if you see high yielding shares/ETF. Always do your due diligence first!
Good articles that you should read!
People are drawn to dividend investing.
Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.
I always write and share articles, especially on dividends which many people love them. Do read them!
Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!
Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.
CAREYOURPRESENT
Money just buy you the chance of freedom.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.
Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?
We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:
You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.
REMEMBER:
Love your life daily.
You have one less day with your spouse, parents, children and yourself.
Time is ticking away.
For each passing day,
Enjoy and Treasure your Life!
For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!
For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!
Telegram Group (Chat with me and other like minded people!)
If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!
At the same referral and ebook page, you can also download my free ebooks and other free resources.
For quick references to these resources, you can see below.
Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
Hostinger: You can use this link for hosting your new website. 20% off hosting!
THIS shall be the shortest article ever because words can’t tell everything, but these few pictures will show everything, tell the full story and remind myself; and hopefully people who read my articles regularly…
You will not bring these with you on your last day on Earth
Amount in your banks
Dividends/ Interest
BUT you will bring these with you on your last day on Earth
My daughter drew this on 21 May 2023, 0001 AM.
This was what exactly happened few months ago, but she remembered.
A few more photos
She said we both angry because she threw her school bag away because she wants to skip her K1 few days ago, but I said no. After school gift from her on 20 May 2023
Financial Independence, Retire Early (FIRE) is a movement that aims to achieve both financial freedom and early retirement. This is a very controversial topic for discussion, I am putting by head into the chop board for discussing about this topic. Many people want to retire early, hence there are many talks/theories about using withdrawal rate of 2-4% or even use dividend to cover expenses etc… It’s all about saving and investing wisely to build up enough wealth to cover living expenses and have the freedom to retire early and live life on your own terms. Life is so difficult to decide, but that’s what make it beautiful isn’t it?
However, there are many counter arguments for and against it. Recently there was some interesting discussions in a telegram group that I am in. Let me share some of it below before going into the actual discussion.
When some pple in their 30-40s thinking about FIRE, I met this old uncle recently during one clan meetings. Incredibly he’s in his 90s, but doesn’t look his age and still goes to work daily! And drives a brand new C class
Many rich ppl 90 plus still working.
My doctor 90 yr old still working. Father and son business. At B timah shopping centre . mind still very sharp . Physical good.
I said these
Different. Rich one go work got minions serve them. Of course everyday go work also can, sometimes can also can dont go office. Poor minion want retire early so that can stop being minion
Yes. 60 plus old people picking paper and cans from rubbish is because they love to work. They would love to continue till their 90s. Contribution to society, feel wanted and exercise.
Yes. The aunties and uncles in my neighbour is still working. They are so old and limping, still working hard to keep the neighbour clean and help with recycling efforts by picking up the dirty cans from rubbish bin. This keep them healthy and mind alert!
There are many arguments PROs and CONs against. Let me share some of these points with you.
1. Why FIRE? You should work as long as you can to keep mind active.
This is true to a very big extend. Not everyone can retire early. Many of us are used to a routine lifestyle. If you retire early, you may find yourself to be bored, don’t know what to do with your spare time which would otherwise by occupied by your usual 9 to 5 job. Many would feel loss, and lose purpose in life (but if your purpose of life is job, don’t you think it is very sad?)
Of course working will keep your mind active (or force your mind to be active), but if you can find something elsewhere (other than your job) to keep your mind active, isn’t it better?
2. Rich people don’t retire. You shouldn’t either.
Rich people don’t retire. Did you see people like Bill Gates, Warren Buffett retiring earlier? Or even see your bosses retire early? They don’t. Job is their purpose, their calling and one very key important point is that they are the bosses. If you are the minions and especially if you don’t like your job, you sure want to retire early.
This is similar to what I have said above in the telegram group, it depends on your job circumstances!
Different. Rich one go work got minions serve them. Of course everyday go work also can, sometimes can also can dont go office. Poor minion want retire early so that can stop being minion
Yes. 60 plus old people picking paper and cans from rubbish is because they love to work. They would love to continue till their 90s. Contribution to society, feel wanted and exercise.
Yes. The aunties and uncles in my neighbour is still working. They are so old and limping, still working hard to keep the neighbour clean and help with recycling efforts by picking up the dirty cans from rubbish bin. This keep them healthy and mind alert!
3.You are missing out career progression and potentially missing out on additional income and professional fulfillment that could have been achieved by continuing to work.
Retiring early typically means leaving the workforce before the traditional retirement age. This decision can have long-term implications, such as limited career progression and potentially missing out on additional income and professional fulfillment that could have been achieved by continuing to work.
In certain situations, individuals who retire early may find themselves needing or wanting to reenter the workforce. However, reestablishing a career or finding suitable employment opportunities after an extended break can be challenging, especially if skills and industry knowledge have become outdated.
4. Uncertain Future Expenses. Are you sure that you have plan will definitely work?
When retiring early, it’s essential to carefully plan for future expenses, such as healthcare costs, inflation, and unexpected life events. Health insurance and medical expenses, in particular, can be significant considerations, as retiree health coverage and Medicare may not kick in until a later age.
The above is very true, by retiring early, it is very “dangerous” to many. What if you count wrongly on the sums needed? What if suddenly you need money? What if you want to go back work but can’t find any work? No one want to hire you again? All these are valid concerns, do think through before you going ahead with the plan.
5. Social and Identity
Early retirement can impact one’s sense of identity and social connections, especially if friends and peers are still actively working. The shift from a structured work environment to unstructured free time may require finding new social circles or purposeful activities to maintain a fulfilling lifestyle. One may feel one one is worthless without job, without active income to feed yourself and your family.
But, remember this:
the job is not you, you are not your job. Do you believe that if you suddenly drop dead at your job, your company will just find someone to replace you easily? But your family will be sad as you can’t be replaced.
And You will never get a chance to play with your kids again but your company won’t care about you.
Retiring early is not as easy as you think. Being the Devil’s advocate, let’s say one has all the money
Transitioning from a busy work life to a life of leisure and self-direction can be psychologically challenging. Some individuals may find it difficult to adapt to the newfound freedom and may experience a sense of loss or lack of purpose.
Mind (in addition to the money which most believe in) is also very important but neglected consideration in FIRE!
7. Loss of Employer Benefits
Leaving the workforce early means giving up employer-sponsored benefits like health insurance, retirement contributions, and other perks. These benefits can provide a significant financial cushion and may be challenging to replace independently.
All these may seem trivia, but when medical issues strive, many would be worried. Have you planned this before you retire?
8. Potential Boredom or Lack of Purpose
Retiring early may lead to a loss of daily structure and a sense of purpose that work often provides. Some individuals may find themselves feeling bored, unfulfilled, or lacking direction. It’s important to proactively seek meaningful activities or hobbies to maintain mental and emotional well-being in retirement.
In short, know what you want to do if you are not working. Don’t just FIRE for the sake of FIRE.
What is your views?
Financial Independence, Retire Early (FIRE) is always a very controversial topic. If you are planning for this route, please make sure if you plan properly and taken in all consideration (such as the points above) before embarking on the journey. It is not as easy as you think, even for very rich people. Besides having sufficient money for FIRE, there are many many other considerations.
Of course by keep working, means you are selling your precious time away (Time is the ultimate currency, not money) for something that can be printed infinitely by the government. Is it worth it today?
My main purpose of this post is to make people think about their options, what they really want in life? Don’t just work without thinking.
Good articles that you should read!
People are drawn to dividend investing.
Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.
I always write and share articles, especially on dividends which many people love them. Do read them!
Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!
Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.
CAREYOURPRESENT
Money just buy you the chance of freedom.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.
Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?
We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:
You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.
REMEMBER:
Love your life daily.
You have one less day with your spouse, parents, children and yourself.
Time is ticking away.
For each passing day,
Enjoy and Treasure your Life!
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Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
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