Me
Turned 23 within the last month, lives in Singapore and holds a job that pays relatively well (between 35K - 40+K) by most standards. I hold a polytechnic diploma, which is vocational and find that it limits my income growth. Looking to improve my skills and study hack my way to a degree at minimal cost (not going into debt of more than 10-20K). Oh and, I am ENFJ.
ERE
ERE to me means having a peace of mind that I can survive on essentials and use the rest of my money or resources in pursuing of interests or effecting changes in the world. The less I 'need' to live on a day to day basis, the more freedom of choice I will have.
Location
Singapore has grown at a rapid pace in the last 30-40 years and now I find myself in a country that ranks within top 10 internationally in terms of COL. No way to mince it, things are expensive. I live at home with my parents and do not wish to pursue the idea of settling down (aka buying a home) here. I am contemplating chances to move to London (on an independent startup offer with a friend), or California within the next year or so. It's ironic that I picked places with a high COL as well
![Laughing :lol:](./images/smilies/icon_lol.gif)
The Down Low
End 2013:
Cash: 20K
Investment: 3K (just started in Dec 2013)
Retirement: 11K + 41K (Personal RA + Government mandatory savings and a portion of HSA)
Liabilities: None ('cept for a forecasted $30 tax bill. Keeping it this way)
Income: 2.4K/month (excluding bonuses usually amount to 3 months or higher.)
Expenses: Approx 900-1K
$250 Household (Parental Rent)
$100 Transport
$320 Food (could be lowered)
$80 Gym (I powerlift)
$30 Phone
$10 Books/Movie
$36 Misc.
$90 Spending Money
I hope to gradually increase my savings rate from an average of 50-60% to 70%, and reduce my assets in cash. But with the move I want to make, it seems that having cash on hand right now is a good idea. My savings right now is probably split in a 35:65 ratio of savings to investment/retirement.