5 Million Dollars. 10 Years. This is the story of my journey.
Changes since last update:
The job
Whoah. What a year. The job cuts are coming, and seriously, nobody is safe. NOBODY is safe.
I thought “headcount reduction” was something that would happen to other teams, but not mine. My team handles a critical business function, and we have been doing really well despite the economy situation. Why let [...]
I absolutely love salary.sg. They just launched their latest annual salary comparison tool here! Somehow, it’s like the whole Singapore is getting richer, compared to the year before.
I found that I should increase my basic salary by about 4.4% if I want to keep my position in the rat race, compared to 2007. How the [...]
WRONG.
If we’re talking about living a good, comfortable life, sure, past a certain amount, it’s not about how much money you make, but more about what you do with that money, and managing your expectation.
But if we’re talking about becoming a millionaire, then it’s a whole another discussion altogether. This whole “it’s not about how [...]
Since the last update, there have been a few changes:
The business has been going slowly unfortunately. Load at work has been unbelievable.
Thanks to the economy, I think it’s quite realistic to say that my target of getting a 6-month bonus for 2008 ain’t gonna happen
The market has been so volatile, I’ve decided to [...]
Clever Dude wonders whether he’s rich. He observed that families with 6-figure income weren’t living the lives of rich people. Well, converted to US dollars, I’ve got 6-figure. After tax. My family definitely do not live like “rich people”.
J. Money at Budgets are Sexy asks himself whether he’d be rich if he earned $150k/year. J. Money feels [...]
Go to any forums or blogs about salary, wealth building, or personal finance, and I can almost guarantee that you’ll see people with this “either/or” mentality making comments like these:
“He might be rich, but he may not be happy.”
“What’s the use of having a lot of money if you have no life?”
“I have to backstab [...]
NetworthIQ is fantastic! It lets you keep track of your net worth, and compare it with the net worth of people from similar education background, age group, income bracket, and so many other things.
I wish I had found this site before I wrote this post and this page, which, in retrospect, aren’t really accurate. After including [...]
You know, the thing about thinking about retirement is that it’s neither a lot of fun nor inspiring. I mean, yeah, I know all about the magic of compound interest, especially when it’s dragged across 40 years. But heck! Who wants to retire at 70? I want to retire when I’m still healthy, when I [...]
Without tracking my progress, there’s no way to tell whether I’m getting closer to my goal, farther, or even staying in place. Therefore I’ve introduced a page that I’ll use to track my net worth. As you can see, I’m still so far away from my goal!
… asked a friend of mine when I told her about this project. My answer was, “Huh?”
I don’t get the way some people treat money. Especially her, considering that her Dad is a business tycoon. I would’ve expected somebody growing in an opulent household like her to have a more positive attitude towards money, no?
After [...]
