Tag: t_jolt22

free-agent deliverymen’s brbr #XH.Fu

Posted on by tiger40490

Looking at the deliverymen and Uber drivers I think these “free agents” have to work relatively long hours. What if there’s one deliveryman who only needs to work a minimum of 1-4 hours a day (or even 0 hour[1]), as extra hours become leisure? (As with Tanko’s brothers) Let’s further assume _basic_ healthcare, housing and education are provided by government or family.

[1] Ling of MS said in retirement he wants to work as a truck driver, but that would be a distinct scenario.

Q: Is this (comparable to my) carefree ezlife, based on excellent brbr?
A: Possible in theory. His burn rate would have to be much lower than his cohort, when he rejects FOMO such as

  • [a=at or above my idea of barebones livelihood, something of a luxury]
  • [a] top schools for his kids
  • [a] big car, or any car
  • [a] overseas vacations. The low-income, big families tend to prefer staycation
  • [a] restaurants

I would say these are luxury items unnecessary for a happy fulfilling life on earth. He could still enjoy frugal indulgence.

Q: How is his lifestyle different from FIRE?
A: nonwork income … like investment payout is instrumental to FIRE. Note long-horizon windfall profit doesn’t help this guy.
A: removing depednency on salary…. is key to FIRE. The deliveryman still needs salary to make ends meet.

Q: How does his lifestyle compare to the Khmer villagers?
A: [!a] healthcare, [!a] edu, [!a] housing + infrastructures, even [!a] food security is not great in today’s Cambodia.

Q: how is he different from free agent XH.Fu’s life with 2 kids and lots of free time?
A: I think XH’s income is much higher than deliveryman and is comparable to (not lower than) his cohort. XH trades [a] job security for abundance of free time.

Actually the free agents (including XH.Fu) enjoy limited job security, and worry about sudden job loss, sick leave, medical bills etc.

Q (side question): with his spare time, does he adopt a healthier lifestyle than his cohort?
A: I think most adults have just enough leisure time to lead a healthier life, so time is a factor but not a limiting factor. Motivation is the real limiting factor.

[19] obsessed with nonwork income blogg@@ #地主

Posted on by tiger40490

Current /stance/ — I want to continue to improve my ffree /profile/ by increasing my nonwork income, further! Invest in dividend stocks .. proven

Wife pointed it out .. (hopefully false alarm)… Do I spend too much time blogging on this? Wall St contractor proves to be very suitable role for me but also has swayed me to my current direction — nonwork income, semi-retired..

Q: Do I want to be landlord like Guang or app owner like CSDoctor (few role model now) etc?
A: landlord path is easier and more achievable. Accumulation. Active mgmt also provides gainful employment for wife

If in retrospect I conclude this is an obsession, it is a “better species of obsession” among other obsessions:

  • πŸ™‚ diet, weight, fitness
  • πŸ™‚ healthy cooking — a reward
  • πŸ™ peer comparison

cpfLife: choices@65

Posted on by tiger40490

— basic plan (declining payout but more to loved ones) beats standard scheme
With Basic, only about 12-15% of the snap65@cpfRA balance is initially transferred to the annuity, while the remaining 85% continues to earn 4% in RA.

The CPF-life estimator supports three modes —

  • monthly payout graph
  • cum payout graph
  • bequest graph

You get an Aha when you add up the bequest + cumPayout projections. IFF you live beyond 89 does the Standard beat the Basic in the add-up comparison.

I see online discussions that Jul 2021 has introduced a new version so you may not be able to see the same graphs. Can ask CPF board about the old estimator.

I think monthly payout declines under Basic, only after,Β  not before “combined CPF balances eventually fall below $60,000”.Β  I think cpf calculator will show around age 90.

— escalating payout? unpopular and /disadvantageous/. I don’t worry about running out of income in my 90s
— delayed payout? not worthwhile according to officer Teo
https://lifefinance.com.sg/cpf-life-should-i-defer-the-payouts-to-age-70/ .. agrees.