Hi kelvin some of your spending you minus the amount from your credit card saving but I think insurance and government payment like town council dun entitle for cash back. Correct me if I am wrong
Another entertaining and informative video from you! Those who commented that you need to live life a little are absolutely wrong because I don't see you as suffering to save, especially when you do travel 2 to 3 times annually. Just one word on the Tuas Power, actually many people are not aware that SP Services has a Wholesale Plan and that is the cheapest electricity plan in the whole market. As for your broadband, many people do not know that having a 1Gbps plan is actually the same as a 100mbps plan, so you did good with your inexpensive plan. I know I will get blasted for this statement but I've done my research on this and have tested this out myself. Anw, great work on saving and investing and do treasure the fact that you are lucky to have partner who has the same spending habits and early retirement goal as you. It would be impossible to embark on your plan had your partner been someone that has a different concept on growing wealth.
I really appreciate and like your videos. Made me feel humility throughout, being humble and frugal person. I believe video content is more important than the background alone. 👍👍 #keepupthegoodwork
Eversince most Singaporeans start WFH, I started cooking most of my meals at home. Mon - Fri eat at home. Sat - Sun dine out with my bf. My freaking grocery bill is only sgd$175 per month. Taking into consideration I eat very healthy stuff like blueberries, avocado, golden kiwi, organic chicken, no carbs which as u know, no carbs only mean your grocery bill gets higher, I no longer can accept the $ spent during lunch. I feel its not worth it. But during weekends I just close one eye in case my bf finds me a cheapskate. Haha
i LOVE THISSSSS!! ive been binge watching your videos over lunch everyday and i really can relate to this. I come from a relatively well to do family but i spend very little and my friends just dont understand it. Im actually very happy because i love to live debt free, and my hobbies are very low cost. My highest expenditure monthly is an expensive gym at 200/mth because its my hobby. My other hobbies include gaming, cooking and i actually prefer to eat in compared to eating out. When i eat out i only like hawker food because i find the food to be more suited to my tastebuds. I save 50% of my monthly salary and since ive saved 6 months of emergency funds, everytime i get my salary now it goes immediately into my brokerage.
If u are happy with simple things that doesn't require much money, there's really no meaning to earning alot of money. But u seem to enjoy saving money and building ur wealth. This is happiness for u!
Hi Kelvin, thanks for being transparent about your expenditure. It is very relatable and easy for me to follow. In fact I have learnt something from you and am going to lower my expenses after some of my contract such as Internet etc expires. Keep your videos coming. BTW, I thought your videos quality are OK. I mean truth is, content matter more than aesthetics right? But yea, it's nicer to watch you with better quality equipment. Cheers!
@@KelvinLearnsInvesting wow. You literally replied a minute after my comment. Speechless haha. I've got a strange feeling that you will purchase a good quality one at a reasonable price, so can't wait to see what you'll surprise us with.
I totally agree on the point about generating enough income for the future so that we don’t burden our children on the expenses. That’s why we need to stay invested and not let our money erode.
I know some commented that u over done it but I think you are impressive. For someone your age, you have been practicing discipline & that’s very important, many older people don’t even have your level of discipline in life. So well done, don’t get affected by others comments, like u said, the most important thing is you are happy doing what you are doing now, and your discipline and determination will get you very far in future. I know it because my dad was like you , save on everything be it a very small amount that others don’t care about. And guess what, he retired at the age of 40 and been doing very well in investment, I am lucky to have him taught me and start my own investment early too, so now I am also retired at 40 and full time investing and living my dream life. So keep up your good work, you are amazing and you will be doing very well. Thanks for the interesting and entertaining videos.
Hahaha still investing.. retirement is not doing nothing but having the freedom to do what we enjoy instead of working for income. I volunteer a lot and along the way, trying to help others too. Something like pay it forward... my dad help me and I help my friends and relatives, hopefully when they become successful they can help others too.
I agree with your philosophy man, Even if i have a million bucks i think spending 500k on a lambo is such a waste! I would rather a simple 100k car and can move from point a to b is fine
Wow, what's a frugal living you and your wife are living in! As for me and some of my local friends, we can't survive without aircon...and everyday eat chicken 🐔 will be unhealthy too...this is my personal opinion but yours is superb too as it suits to your family's lifestyle. Tks for sharing! 😀
@@KelvinLearnsInvesting Think about it this way, is like a diversification in nutrients (antioxidants, vitamins or minerals) for health - do have variety. Fun fact, Vitamin C is needed for collagen formation = less wrinkles. Jokes aside, taking care of your health be also a win win for increasing your wealth and subsequent enjoying too. Cheers for the Videos!!
can try switching to SP wholesale for utilities! have saved me more than 50% compared to when using regular tariff rates. also excited for your journey as I'm in a similar position (late 20s) and trying to reach FIRE by around 37 :D
Good Point about it being how much you keep. My last paycheck was $13k but my bank now is $50. Most of spending of in-app purchases, got a shock of my life and chance upon this channel. That's why I decided I should start investment lol. Imagine all that money being my capital and only being 28....
@@KelvinLearnsInvesting That's tough...When I was considering how much to give my parent, then I recalled my allowance of $500/mth was barely enough to cover my food and etc...I assume they have other sources of income in addition to your allowance
Do you mind to share about how much do you spend on your home loan? How many properties do you have? Bc we usually need to spend on the housing as well...
I literally spend like you completely, or even lesser. Unfortunately I get freaking low pay and I can't rack up much saving. Nevertheless, feels great to see I am not alone living frugally.
Hi kelvin... loving your content. One thought tho, does it really make sense to use your CPF to pay for housing? CPF generates about 2.5% for OA... won't it make more sense to simply use cash and regard CPF as a long term bond?
Dear Kelvin, delayed gratification will increase the chance of early retirement 👍. What are your thought on tesla now that michael burry openly short this stock? FYI, i don't own telsa as it fail my investment criteria.
@@KelvinLearnsInvesting Good luck on tesla, bro. I share your thoughts, i.e If I have conviction on a certain stock, l will filter away all market noises and buy more when prices are cheap.
Hey, check out UOB Absolute credit card. They give 1.7% cashback. But the problem is its an AMEX card. Most insurance company don't accept it. One way you could do is, UOB Absolute topup Grabpay Wallet, use Grabpay Wallet to pay for your insurance.
Hi, I still think u missed the biggest spending which is your monthly instalment of your place. Why not share your opinion with HDB and private properties over the long run? I still see way more value in private due to the current system in Singapore. Most old private properties can be/ have enbloc n resold to another developer (take Normanton park & many others) while HDB can't enbloc n sell to another developer. Unless there is more SERS it doesn't make sense in a long run to stay in HDB where ur monthly instalment is an expense and not an investment.
Hm, i view my house as a place to stay and not as an investment. Will most young adults be able to afford a private property at the start? What's the rate of return for a private property versus the stock market? I do agree with u that private property value will appreciate in value almost all the time, so if they can afford it, they can try this method
It should be viewed as both if u own a private property. The loan interest & mcst fee should be an expense while the principal should be viewed as investment. HDB I am really not sure. If u plan to stay for long till u retire then it should be viewed as an expense. If you are planning to move out after 5 years mop and ur hdb is new then probably the same may apply. If u view this way maybe u will change your thinking to define what is an expense and what is an investment. Even throwing everything to stock market, the Singapore stock market has very mixed returns historically. If u want more certain returns then US maybe the place however there is forex risk. Whatever paper gain u may have can be eliminated by the USDSGD rate which is now a all time low at 1.32. My view is invest in both. Private property-which investment tool allows u to borrow 75% of the investment ?
Lol if u agree with me then retiring in the next 10 years unfortunately looks quite impossible in SG. I understand that there are a lot of FIRE movt out there. However in the States, they can get 100k-200k freehold houses we can't. Their eat in vs eat out difference is much bigger due to their wages etc. We can get hawker food at prices they can't. If u can retire in the next 10 years, this means u need to pay off ur hdb flat by then because there is no expense in an elderly Singaporean because they paid out their flat and have say 400k each to get about 1.6k each forever... If u sold off ur hdb and buy private, u need to clear off the private loan then u can retire by slowly downgrading ur property in stages (exec 5 rm 4 rm 3rm) to get that encashment.
If I have a saxo account and haven't use it and don't plan to, must I close the acc? If I leave it open, will i be charged the 100usd for being inactive for 6months?
@@KelvinLearnsInvesting www.moneysmart.sg/online-brokerage/saxo. But on this site, it is mentioned that there is a usd100 inactivity fee for saxo singapore. Can you clarify? Thanks.
@@KelvinLearnsInvesting Wow I must be living under a rock all these years. Did you follow any link to set up your games ? I think I played these games last in the late 90s. You should make a video of how you set that up.
@@EllenPortiaLove I'm using the fixed rates. You can compare them at seedly: seedly.sg/compare/open-electricity-market If you need tuas referral, you can find it in the video description
what i do not agree is him not investing in properties/real estate.. real ones and not REITS.. Maybe can do a video why not to invest in real estate in your opinion.
Once got kids, expenses will sort of balloon up. That is what happen to me. So need to get the passive up way before that. Regretted to have spent a lot in my 20s and early 30s then.
Hi Kelvin , Appreciate and like your videos. Can you make a video on what is the best way / cost effective wat to invest SRS money. It seems like we can't buy ETFs directly using SRS (correct me if I am wrong)
How will you rate it in comparison with DollerDax. Both seem to offer unit trust only and not ETF. Endowus also have 0.4 % annual charge. Kindly guide.
@@yenvee9922 I tried both 500mb and 1gb, didn't had any difference. Only heavy thing i done was streaming movies. So, I'm not really sure about online games. One other thing you can do is use an open dns to increase your internet speed: www.komando.com/tech-tips/change-this-one-setting-to-get-faster-internet-speeds/378631/
biz idea : sell to us your raspberry pi that has 2000+ games.. you already have one, im sure u can repeat and produce more of the exact same raspberry pi..
@@KelvinLearnsInvesting you might wanna include that as this doesn’t seem to really paint the full month expenditure. Spending $X on oneself and household is just an absolute amount. Again, yr income may be, for example $2k per month or $10k per month. There is a material difference in terms of percentage towards savings/investments. Whilst I understand that income is a very personal matter, sharing a ballpark percentage towards your savings will be helpful.
@@eugenekoh1760 The tax is actually a really small monthly amount, in only 100-200, plus there's tax rebate on and off. So i really consider it as negligible. The savings % doesn't matter, even if i earn 5x the amount, the spending won't change much. I know your point that its easier to invest/save when income is higher, but it really plays both ways. There are lots of rich people who have little savings, and poor people who have a lot of savings. So just try to increase your income whenever possible, and spend prudently
Ive been watching your channel for few days already since im constantly looking for info on investments, and things i can relate with.. Btw, how old are you sia.. 🤣
@@freddyong504 Hmm... most of it i am not familiar, so can't really comment on it. PLTR should be a stable stock long term because of government projects. But its stock price is being launched to mars now. Airbnb I'm avoiding because stocks tend to be overpriced for IPO.
While I agree on a term insurance and investing the rest, it should not be in full. Whole life has 1 key advantage over term. The policy that u signed is for ur whole life. Term keeps changing and the key reason for the changes are mainly due to people's claims hence their policies get more refined. What's defined as cancer 30 yrs ago is different from now. Hence the term that u get may not cover the illness especially ur illness most likely is 30 yrs later while your life policy has a good chance of being covered...given all your young age. Hence its still better to have both
Omg your life style 🤭, life is not for living with money and retirement early, I’m happy if retire at 55~65. Cause if retire too early your life will become blank without any target anymore. My monthly spending around $4k for whole family with car.
Hi Kelvin, really hearten to see a frugal fellow young man like you - would be interesting if you can provide some breakdown of entertainment expenses in the equation? as it is the largest variable cost of living in Singapore that is subjective? Thank you
Hi kelvin some of your spending you minus the amount from your credit card saving but I think insurance and government payment like town council dun entitle for cash back. Correct me if I am wrong
Ohhhh! You are rightt!! They are excluded D:
Hahaha 🤣
@@darylyang2209 Thanks for the factcheck
use grab credit card if possible.
town council i think some of the credit card like posb everyday have 1%
Don't need to change your background at all, you are the centre of focus. Your content are really rich and useful, greatly appreciate this channel !
Oh man haha u making me shy
This guy is hilarious and informative at same time.
I came across your channel by accident and am glad I did! I enjoy your content, Singaporean sense of humor, and easy laid-back delivery!
Thanks!! Hope its useful to u
Loving your sense of humor Kelvin and being informative at the same time
Another entertaining and informative video from you! Those who commented that you need to live life a little are absolutely wrong because I don't see you as suffering to save, especially when you do travel 2 to 3 times annually. Just one word on the Tuas Power, actually many people are not aware that SP Services has a Wholesale Plan and that is the cheapest electricity plan in the whole market. As for your broadband, many people do not know that having a 1Gbps plan is actually the same as a 100mbps plan, so you did good with your inexpensive plan. I know I will get blasted for this statement but I've done my research on this and have tested this out myself. Anw, great work on saving and investing and do treasure the fact that you are lucky to have partner who has the same spending habits and early retirement goal as you. It would be impossible to embark on your plan had your partner been someone that has a different concept on growing wealth.
Thanks for your info! Keep them coming haha
I really appreciate and like your videos. Made me feel humility throughout, being humble and frugal person. I believe video content is more important than the background alone. 👍👍 #keepupthegoodwork
Thanks!
Eversince most Singaporeans start WFH, I started cooking most of my meals at home. Mon - Fri eat at home. Sat - Sun dine out with my bf. My freaking grocery bill is only sgd$175 per month. Taking into consideration I eat very healthy stuff like blueberries, avocado, golden kiwi, organic chicken, no carbs which as u know, no carbs only mean your grocery bill gets higher, I no longer can accept the $ spent during lunch. I feel its not worth it. But during weekends I just close one eye in case my bf finds me a cheapskate. Haha
hi feel the same as u outside expensive
i LOVE THISSSSS!! ive been binge watching your videos over lunch everyday and i really can relate to this. I come from a relatively well to do family but i spend very little and my friends just dont understand it. Im actually very happy because i love to live debt free, and my hobbies are very low cost. My highest expenditure monthly is an expensive gym at 200/mth because its my hobby. My other hobbies include gaming, cooking and i actually prefer to eat in compared to eating out. When i eat out i only like hawker food because i find the food to be more suited to my tastebuds.
I save 50% of my monthly salary and since ive saved 6 months of emergency funds, everytime i get my salary now it goes immediately into my brokerage.
Kudos to u for having good financial habits!!
Kelvin, totally agree on your thoughts on term insurance plan, it is always cheaper with term in the long run
Nothing wrong with your background- Simplicity - great stuffs with all the videos Bro
Hey Kelvin! I can really relate with your frugal lifestyle! I wish you all the best in your financial freedom journey! 😁
Your content is very authentic and useful for Singaporeans. So happy to have found this channel!
If u are happy with simple things that doesn't require much money, there's really no meaning to earning alot of money. But u seem to enjoy saving money and building ur wealth. This is happiness for u!
hey Kelvin, you are doing well. your content is fantastic in local context. Keep it up.
U re the only Singaporean youtuber i follow haha your content is good and fun to watch
Food- $450
Groceries & shopping- $200
Transport- $40
HP & Internet- $60
House- $70
Insurance- $1200
Massage- $150
Parents- $700
Misc- $50
I see that massage, i like haha. Do you feel real person massage or massage chair is better? Or no difference
Hi Kelvin, thanks for being transparent about your expenditure. It is very relatable and easy for me to follow. In fact I have learnt something from you and am going to lower my expenses after some of my contract such as Internet etc expires. Keep your videos coming. BTW, I thought your videos quality are OK. I mean truth is, content matter more than aesthetics right? But yea, it's nicer to watch you with better quality equipment. Cheers!
Thanks for the feedback, i will upgrade my equipment soon!!
@@KelvinLearnsInvesting wow. You literally replied a minute after my comment. Speechless haha. I've got a strange feeling that you will purchase a good quality one at a reasonable price, so can't wait to see what you'll surprise us with.
I totally agree on the point about generating enough income for the future so that we don’t burden our children on the expenses. That’s why we need to stay invested and not let our money erode.
15 years ago, i earned 1300 per mth. I managed to save 10k within 1 year. With the 10k, i work as a freelance till today (be my own boss).
Wow nice!!
I know some commented that u over done it but I think you are impressive. For someone your age, you have been practicing discipline & that’s very important, many older people don’t even have your level of discipline in life. So well done, don’t get affected by others comments, like u said, the most important thing is you are happy doing what you are doing now, and your discipline and determination will get you very far in future. I know it because my dad was like you , save on everything be it a very small amount that others don’t care about. And guess what, he retired at the age of 40 and been doing very well in investment, I am lucky to have him taught me and start my own investment early too, so now I am also retired at 40 and full time investing and living my dream life. So keep up your good work, you are amazing and you will be doing very well. Thanks for the interesting and entertaining videos.
Wow, your dad is really cool! Question, what do you do in a retired life?
Hahaha still investing.. retirement is not doing nothing but having the freedom to do what we enjoy instead of working for income. I volunteer a lot and along the way, trying to help others too. Something like pay it forward... my dad help me and I help my friends and relatives, hopefully when they become successful they can help others too.
I agree with your philosophy man, Even if i have a million bucks i think spending 500k on a lambo is such a waste! I would rather a simple 100k car and can move from point a to b is fine
Wow, what's a frugal living you and your wife are living in! As for me and some of my local friends, we can't survive without aircon...and everyday eat chicken 🐔 will be unhealthy too...this is my personal opinion but yours is superb too as it suits to your family's lifestyle. Tks for sharing! 😀
Thanks for the advice! Will keep that in mind :)
Hi Kevin, loving the contents so far and learning much through your videos. Just wondering what do you do full time?
Thanks! I'm a programmer :)
Thanks for sharing the lobang man, but seriously eat more veggies, fruits or plants - long term investment for health👍
Got it, gonna buy some Apple stocks then!
@@KelvinLearnsInvesting Think about it this way, is like a diversification in nutrients (antioxidants, vitamins or minerals) for health - do have variety. Fun fact, Vitamin C is needed for collagen formation = less wrinkles. Jokes aside, taking care of your health be also a win win for increasing your wealth and subsequent enjoying too. Cheers for the Videos!!
@@fkfms5945 Haha, i get you mean, gonna take that advice :)
can try switching to SP wholesale for utilities! have saved me more than 50% compared to when using regular tariff rates. also excited for your journey as I'm in a similar position (late 20s) and trying to reach FIRE by around 37 :D
Oh wow! I didn't know about wholesale, thanks for letting me know. Let's get to FIRE together :)
You are an genius. Definitely will be an millionaire soon than you think. Cheers !
Awesome! You are definitely a champion bro!
Hey Kelvin. I just want to say your content and Insight is amazing! Just shared your channel with my friends :) subscribed!
Thankss!!
Hi Kelvin would be great to see an update on your portfolio.
keep up the good content Kelvin. 👍
OMG GENIUS BRO 👍🏽
I guess it boils down to an individual's value system ;)
Good Point about it being how much you keep. My last paycheck was $13k but my bank now is $50. Most of spending of in-app purchases, got a shock of my life and chance upon this channel. That's why I decided I should start investment lol. Imagine all that money being my capital and only being 28....
"Drink Milo so much yet im still not Champion". Same bro....😭😭😭
I know that feel :(
Just curious, $950 for one spouse's parents (2 ppl) or both (4 ppl)? just wondering since 475 for 1 parent is so different from 475 for 2 parents
950 total for 4 ppl haha
@@KelvinLearnsInvesting That's tough...When I was considering how much to give my parent, then I recalled my allowance of $500/mth was barely enough to cover my food and etc...I assume they have other sources of income in addition to your allowance
@@KelvinLearnsInvesting Got any cash back:)
@@v3x0las Ang pow count or not? hahaha
Do you mind to share about how much do you spend on your home loan? How many properties do you have? Bc we usually need to spend on the housing as well...
Home loan monthly payment around $1300, 1 property. If you wanna watch a video, can watch this: th-cam.com/video/TSFzi85AWBE/w-d-xo.html
I literally spend like you completely, or even lesser. Unfortunately I get freaking low pay and I can't rack up much saving. Nevertheless, feels great to see I am not alone living frugally.
All the best, you will reach there eventually!!
I love your humor!
Hi kelvin... loving your content. One thought tho, does it really make sense to use your CPF to pay for housing? CPF generates about 2.5% for OA... won't it make more sense to simply use cash and regard CPF as a long term bond?
It depends whether u can generate more return with cash, or with cpf. Personally i feel cash can give return higher than 2.5%
Oh neat! Found an SG Graham Stephan! Smashing the "Subscribe" button!
Haha, thanks!
Dear Kelvin, delayed gratification will increase the chance of early retirement 👍. What are your thought on tesla now that michael burry openly short this stock? FYI, i don't own telsa as it fail my investment criteria.
My long term view of tesla is it will go up. If he wanna short it and tesla crashes, i get to buy more then :D
@@KelvinLearnsInvesting Good luck on tesla, bro. I share your thoughts, i.e If I have conviction on a certain stock, l will filter away all market noises and buy more when prices are cheap.
Hi Kelvin, which term life insurance did you buy?
I got aviva term life, but most insurance plans are almost the same, each has its unique selling point
Hello kelvin, could you advise which credit card gives you cash back for insurance payment? Thanks in advance!
Hey, check out UOB Absolute credit card. They give 1.7% cashback. But the problem is its an AMEX card. Most insurance company don't accept it. One way you could do is, UOB Absolute topup Grabpay Wallet, use Grabpay Wallet to pay for your insurance.
Hi Kelvin what are your thoughts on Interactive Brokerage? Could it be better than DBS Vickers for trading US Stocks? :o
Its cheaper. But vickers is much more stable
you are very admirable,thanks for inspiring me to do thesame.
idk why the chiken thing got me hahahahaha
True story!
Money very well spent lah!
How old are you? Are you married? At what age did you get a house ? Can you make a video on it Please !
Hi, I still think u missed the biggest spending which is your monthly instalment of your place.
Why not share your opinion with HDB and private properties over the long run?
I still see way more value in private due to the current system in Singapore. Most old private properties can be/ have enbloc n resold to another developer (take Normanton park & many others) while HDB can't enbloc n sell to another developer.
Unless there is more SERS it doesn't make sense in a long run to stay in HDB where ur monthly instalment is an expense and not an investment.
Hm, i view my house as a place to stay and not as an investment. Will most young adults be able to afford a private property at the start? What's the rate of return for a private property versus the stock market? I do agree with u that private property value will appreciate in value almost all the time, so if they can afford it, they can try this method
It should be viewed as both if u own a private property.
The loan interest & mcst fee should be an expense while the principal should be viewed as investment.
HDB I am really not sure. If u plan to stay for long till u retire then it should be viewed as an expense. If you are planning to move out after 5 years mop and ur hdb is new then probably the same may apply.
If u view this way maybe u will change your thinking to define what is an expense and what is an investment.
Even throwing everything to stock market, the Singapore stock market has very mixed returns historically. If u want more certain returns then US maybe the place however there is forex risk. Whatever paper gain u may have can be eliminated by the USDSGD rate which is now a all time low at 1.32.
My view is invest in both.
Private property-which investment tool allows u to borrow 75% of the investment ?
Lol if u agree with me then retiring in the next 10 years unfortunately looks quite impossible in SG.
I understand that there are a lot of FIRE movt out there. However in the States, they can get 100k-200k freehold houses we can't. Their eat in vs eat out difference is much bigger due to their wages etc. We can get hawker food at prices they can't.
If u can retire in the next 10 years, this means u need to pay off ur hdb flat by then because there is no expense in an elderly Singaporean because they paid out their flat and have say 400k each to get about 1.6k each forever...
If u sold off ur hdb and buy private, u need to clear off the private loan then u can retire by slowly downgrading ur property in stages (exec 5 rm 4 rm 3rm) to get that encashment.
What monitor are you using in your video?
Prism: prismplus.sg/collections/gaming-monitors
If I have a saxo account and haven't use it and don't plan to, must I close the acc? If I leave it open, will i be charged the 100usd for being inactive for 6months?
There's no inactivity fees for saxo sg account, so i wouldn't expect any charges
@@KelvinLearnsInvesting www.moneysmart.sg/online-brokerage/saxo.
But on this site, it is mentioned that there is a usd100 inactivity fee for saxo singapore. Can you clarify? Thanks.
What platform you used to edit your videos?
Premiere pro
You are my role model
No worry. Yur background is okie.
what controller are you using for games with raspberry Pi ? Which version of RPi do you game on ?
I'm just using some random controller i bought from taobao. Using RPi 3b
@@KelvinLearnsInvesting Cool how is the controller interfaced to RPi 3b ?
@@etutorshop wireless usb
@@KelvinLearnsInvesting Wow I must be living under a rock all these years. Did you follow any link to set up your games ? I think I played these games last in the late 90s. You should make a video of how you set that up.
Yea, jus google search how to setup retropie. The video idea sounds good, lemme try to plan it
hi kelvin thanks for your sharing and i do really learned from u. Would u consider posting thinkorswim tutorial for your next video?
Hi Kelvin, ever since u switch to tuas power, how much have u saved compared to using SP?
I forgotten the actual amount, but it was around 20-25% on electricity
@@KelvinLearnsInvesting what plan do you sign up
@@EllenPortiaLove I'm using the fixed rates. You can compare them at seedly: seedly.sg/compare/open-electricity-market
If you need tuas referral, you can find it in the video description
@@KelvinLearnsInvesting Standard or non-standard plan?
what i do not agree is him not investing in properties/real estate.. real ones and not REITS.. Maybe can do a video why not to invest in real estate in your
opinion.
In singapore, there are tons of stamp duty, fees when investing in real estate. Making it not feasible to invest in property here.
Hi Kelvin, nice video! May I know which credit card do you use for your cash back?
I'm using uob one for daily use, then for big purchases I'm using hsbc advanced card
thanks for sharing about how to save money especially the one on switching to GOMO. i have just switched. thanks again.
Now I know that have huge of ppl are more calculating that me😅, is ok, I am just the beginner of your version since I m still young😅
two month age you did a video on bitcoin.... do one more video on bitcoin 2021.
Hi i though credit card spending for insurance cant get rebate? which card do you used?
Hi you are right, insurance won't get rebate, apologies for the mistake
@@KelvinLearnsInvesting Hi do you know which credit car give cash rebate or point reward for recurring bills like town council fees and utility bill?
Where can i buy the raspberry pi with games and controller?
Alot e commerce sites sell that, cheapest is Taobao, otherwise Aliexpress, Carousell should have too
You’re a great inspiration! Thank you for the great effort to share generously! :)
Btw seems like you dont eat fruits? Are u sure u will be healthy enuf to lead a longer life?
Fruit is included in the food budget haha
You look like Joe Wong the chinese stand up comedian. Anyway, good content.
I am interested to know which credit card you are using to pay for insurance premium. Many card has excluded such payment for cash back
Ah, you are right, another viewer just pointed out my mistake, the credit card no longer count insurance and town council for cashback. My apologies
So... What is the total ah?
Between $1k-$2k i think
@@KelvinLearnsInvesting love your humor!
10 thumbs up!!
Hi kelvin I'm at level 25 haha will aim to level up well with your advice!!!!!!
Yeah.... waited a week for this. 😀
Enjoy!
Once got kids, expenses will sort of balloon up. That is what happen to me. So need to get the passive up way before that. Regretted to have spent a lot in my 20s and early 30s then.
Awesome
Can you Share more tips on budget planning ?
hi kelvin, what is a town council bill?
Ah, there are fees for maintaining cleanliness and stuff at hdb
Hi Kelvin , Appreciate and like your videos. Can you make a video on what is the best way / cost effective wat to invest SRS money. It seems like we can't buy ETFs directly using SRS (correct me if I am wrong)
use endowus
@@jeffinvests7729 Thanks Jeff. Will take a look.
How will you rate it in comparison with DollerDax. Both seem to offer unit trust only and not ETF. Endowus also have 0.4 % annual charge. Kindly guide.
@@saurabhsouran8138 you can look for stashaway, higher managemetn fee. but invested in etf
百善孝为先，加油
lol, u made me feel so bad about my expenses on food :P
Good one as usual. Who is your internet provider and What is the package. Seems, too cheap 😇
M1 500mb :D
@@KelvinLearnsInvesting is the speed good enough. I pay S$57+ on Sinktel 2gb. My son always complain speed not enough for his games... 😢
@@yenvee9922 I tried both 500mb and 1gb, didn't had any difference. Only heavy thing i done was streaming movies. So, I'm not really sure about online games. One other thing you can do is use an open dns to increase your internet speed: www.komando.com/tech-tips/change-this-one-setting-to-get-faster-internet-speeds/378631/
@@KelvinLearnsInvesting oh, great idea. Thanks. I shall check this out.🙏
biz idea : sell to us your raspberry pi that has 2000+ games.. you already have one, im sure u can repeat and produce more of the exact same raspberry pi..
Any plan for kids😊
Done that haha
Accommodation?
I own an HDB, currently paying loan via CPF money
Tax? It’s not accounted for
Ah yea, u r right. The tax i normally set a giro so i didnt remember to include it
@@KelvinLearnsInvesting you might wanna include that as this doesn’t seem to really paint the full month expenditure.
Spending $X on oneself and household is just an absolute amount. Again, yr income may be, for example $2k per month or $10k per month. There is a material difference in terms of percentage towards savings/investments.
Whilst I understand that income is a very personal matter, sharing a ballpark percentage towards your savings will be helpful.
@@eugenekoh1760 The tax is actually a really small monthly amount, in only 100-200, plus there's tax rebate on and off. So i really consider it as negligible.
The savings % doesn't matter, even if i earn 5x the amount, the spending won't change much.
I know your point that its easier to invest/save when income is higher, but it really plays both ways. There are lots of rich people who have little savings, and poor people who have a lot of savings. So just try to increase your income whenever possible, and spend prudently
will u be buying tesla (car) bro
I made a video to answer your question haha: th-cam.com/video/LnHnsRGj2Ls/w-d-xo.html
I just hit income replacement this July :)
U reached financial independence??
Ive been watching your channel for few days already since im constantly looking for info on investments, and things i can relate with.. Btw, how old are you sia.. 🤣
Haha thanks. I'm 34 this year :)
@@KelvinLearnsInvesting hahaha...okay
That LA PI XIAO XIN joke 😆😆😆😆
When you realize cartoon characters are minimalist
fish too....and chicken... I kennot! hahaha
i prefer to hear more about stocks hahaha! anws thanks for sharing
Stocks ah.. what about socks?
@@KelvinLearnsInvesting like yr thoughts abt palantir nndm aqb upcoming airbnb
@@freddyong504 Hmm... most of it i am not familiar, so can't really comment on it. PLTR should be a stable stock long term because of government projects. But its stock price is being launched to mars now.
Airbnb I'm avoiding because stocks tend to be overpriced for IPO.
@@KelvinLearnsInvesting hahhaa u could make a video abt it. I think alot ppl will be interested hahaa
Much of my salary in Singapore goes to home rent. And rest of them are pretty same like yours.
raspberry pi tutorial? :D
funny ....honest... educational joker
Low key rich man hahah
My insurance and internet (also M1) also about the same price as urs.
While I agree on a term insurance and investing the rest, it should not be in full.
Whole life has 1 key advantage over term. The policy that u signed is for ur whole life. Term keeps changing and the key reason for the changes are mainly due to people's claims hence their policies get more refined.
What's defined as cancer 30 yrs ago is different from now. Hence the term that u get may not cover the illness especially ur illness most likely is 30 yrs later while your life policy has a good chance of being covered...given all your young age.
Hence its still better to have both
Omgosh im totally like you.
Haha, do u have tips for me?
Change to GIGA bro, $18 a mth for 50gb
Free caller ID, free incoming calls, free sms, check it out. I've got a promo code for you too. $10 off for both of us.
@@Nouveau0 Ah, thanks for the offer! I went the cheapskate way and took myrepublic 6gb plan for $10 :X
@@KelvinLearnsInvesting That's even better 💪🏼
I'm here if you change your mind 😂
Omg your life style 🤭, life is not for living with money and retirement early, I’m happy if retire at 55~65. Cause if retire too early your life will become blank without any target anymore. My monthly spending around $4k for whole family with car.
I finally found someone that's a bigger cheapo than me hahaha
Hahaha
Hi Kelvin, really hearten to see a frugal fellow young man like you - would be interesting if you can provide some breakdown of entertainment expenses in the equation? as it is the largest variable cost of living in Singapore that is subjective? Thank you
I lost it at 7:44 savage
Thanks for accompanying me while I’m OTing till I drop