- 21+ days without alcohol: miserably failed (only 16 times)
- 12+ days sport: failed (9 times)
In February I had a business trip to Europe which was fun. I also traveled to Vietnam where I cheaply got three suits tailored that will serve me very well in my next job.
ERE Scorecard February
Saving rate was just 30.2% as I need to buffer cash for unexpected moving costs and taxes.
This idea proved prudent, as the HR person told me in passing that the company would withhold my last salary before the move to settle taxes.
My portfolio increased by SGD 4,244 or 2.3% to SGD 185,542 (= USD 131,900). This increase consisted of capital gains of SGD 1,711 and fresh investments of SGD 2,533.
Investment vs. Plan
In January I invested SGD 2,533, just a bit shy of my SGD 2,800 goal.
My holdings paid out SGD 276 in February.
Hypothetical monthly income at 4% WR
Coast FI age
If I suddenly decided to stop investing, when would I be able to retire based on growth of current portfolio? Assumptions: 6% annual portfolio growth, 2% inflation. February result: I can retire at age 83...
Financial implications of the new assignment in Europe
I got a new job as international assignment to Europe. This has some financial implications:
- Higher net salary (+5%)
- Rental covered by company (savings of SGD 33,600/USD 23,800) per year
- Some cash payments and reimbursements related to the move
- Generous flight budget for home leave (which can be used for any private travel)
- Small cash payment and education budget for my partner
- Lower cost of living
- Tax equalization
- Need to buy a (used) car as the office is in a remote location out of town (but company will cover a good part of the depreciation when delegation ends)
- Needed to buy suits and formal clothes
- Girlfriend has to find a new job
Overall the new job is very positive for my ERE plans. A significant boost in savings rate can be expected. 50% should be easy but 60-70% would be better. Flight budget and rent free living eliminate my two biggest expenses which is nice.
The assignment will take 3 years and will be a good base for my eventual retirement.
I have about three weeks left in Singapore. It seems surreal, to say the least!
I will miss the weather and cheap food. Exhibit A from this morning: a huge plate of noodles with lots of goodies which the girlfriend and I shared for just USD 2.60! Apart from housing Singapore can be a cheap place to live.