Five Cents Ten Cents

Financial freedom, one realistic step at a time.

Tag Archives: personal finance in Singapore

Spend or Save: Year End Bonuses and Windfall Gains


Money money money

Flickr image "Money Money Money" by Jainaj

One of the challenges of travelling along this journey towards financial freedom is how we manage our decisions to spend or save when it comes to year-end bonuses and windfall gains. It’s the time of year again where most employees would receive their 13th month bonus plus a bit more depending on their organisation remuneration policy. I am fortunate to work in an organisation that pays the 13th month as well as additional variable bonus.

What would you do with the year-end bonus that you receive?

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Happy Children’s Day (1 Oct 2010) to all Readers


Wordle: Happy Children's Day

I would like to wish one and all a happy Children’s day regardless of our age.

Do keep learning, growing and enjoying the journey like a child towards your own version of being financially free!

Be well and prosper.

Decoupling the Mind from the Market: Inception towards Financial Freedom


the postcard-perfect waterfall beach

"the postcard-perfect waterfall beach"

I caught the film “Inception” recently and was really intrigued by the concepts and themes explored in the film. You can read more about the film “Inception” here  in Wikipedia. The films talks about many things about how in the future, we will be able to share dreams and to use them to extract information (and secrets) as well as to plant idea into others.

Besides being an entertainment and thought-provoking film, “Inception” also planted some idea seeds within me that sprouted into this article on my journey towards financial freedom.

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Up Close with Resorts World Singapore (Casino)


Resorts World in Sentosa, Singapore by Cloudywind

Resorts World in Sentosa, Singapore by Cloudywind

I was at the Resorts World Singapore Integrated Resort recently and stepped into the casino for the very first time. The occasion was my mother’s birthday and she was staying at Hard Rock Hotel for her birthday vacation with my father. My parents are social casino patrons who do visit Genting and those Casino Cruises on occasion given their status as retirees who have provided for their medical and living needs.

It was truly interesting to see that even on a weekday afternoon, there were enough patrons to keep many of the tables at RWS humming along. Pai Gow, Pontoon, Blackjack, Caribbean Stud Poker, Roulette and countless number of Jackpot machines lined rows by rows with neatly attired croupiers and supervisors greeted the visitor who came in there.

Why am I talking about the casino at Resorts World Singapore?

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Lifestyle Design and Retirement


Flickr image Vertical retirement home by rutlo

The more I read about lifestyle design and think about how it applies to retirement, the more I realise that my paradigm on what constitutes retirement has fundamentally changed.

Previously, I used to think like what many of us did, that retirement was an age and it was not to work. But increasingly, my own research and reading of books such as Tim Ferriss’ “The Five Hour Workweek” and thinking about the day-to-day trends we see in Singapore has led me to re-evaluate what it means to retire when I advance another 20 years in life from today.

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