A mixed bag of feelings accompanies me on our journey to set up a family.
The decision to be a parent is never an easy one. Especially in an affluent society like Singapore where the majority of us are fortunate enough to not worry about putting food on the table. Our general concerns in life revolve around where to go for our next holiday and what shows to watch. We have the flexibility to be free, both economically and with our time.
Many of us want to be rich, but most of us are not willing to pay the price of being rich Mr. Loo Cheng Chuan, founder of the 1M65 (1 Million by 65) movement, shared this hard truth at the Seedly Personal Finance Festival 2019. His message is also my key take away for my journey towards financial freedom.
Achieving financial freedom requires hard work and sacrifices
Mr. Loo Cheng Chuan shared his origin story about how he strived and worked hard to make his mark despite the setbacks from the financial crisis. It is an inspiring story because so much of today’s news is about how successful individuals make money from quick wins: starting and selling profitable businesses or investing in high risks instruments like cryptocurrency. We tend to forget that these are rare and exceptional cases and most of the time, to achieve financial freedom, hard work and sacrifice are required to pave the way.
Sometimes all it takes is a little adventure to discover a different side of the city. Beyond the popularity of Hort Park and Bukit Timah Nature Reserve, there are two hidden gems in the highly urbanised estate of Woodlands.
Mention Woodlands, and the typical reaction you get is “Wah! So near Malaysia!” Besides the usual association with traffic jams at the Causeway, most would also think of industrial buildings and HDB flats.
Seldom would one think of a view like this:
I constantly struggle with frivolous spending, so I am starting the new year with a no spend detox: no spend challenge for the month of January! Aside from the essential necessities like groceries and food, I am not to spend on anything else, including things like clothes, cooking accessories, tech toys, etc.
It’s now three weeks past January and here’s what I learnt:
As 2018 comes to an end, I found myself looking back on the year and wishing I did more with it – eating healthier, working out more often, being more thrifty and being more present when I am together with The Husband and people I love.
I’m making these wishes into my #2019goals. That being said, according to one study, 80% of New Year’s resolution fail by February. Not too much of a surprise there as I am a culprit of that too. To get my mindset right, I have been listening to Tony Robin’s audiobooks on the way to work in the mornings for the past few weeks. As a summary, this 4-step strategy to achieve any goal which he shared is useful to get things started.
Tony Robbins’ 4-step strategy to achieve any goal