tag:blogger.com,1999:blog-37872616.post1600447084308878107..comments2024-03-28T18:20:20.744+08:00Comments on BULLy the BEAR: It's good to be inefficientla papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-37872616.post-70045025588651951042016-06-22T18:24:14.109+08:002016-06-22T18:24:14.109+08:00nice comment cw, this is why i don't agree wit...nice comment cw, this is why i don't agree with blogs that are very one-sided with their prescriptions. because everyone's situation is different. so someone comes along, copies the prescription and applies it then scold the blogger for his/her predicament. who is wrong?<br /><br />I tend to have strong opinions. so I need to remind myself of this too.SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-42941609874328319252016-06-22T18:22:09.248+08:002016-06-22T18:22:09.248+08:00good progression.good progression.SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-14178517220926071902016-06-13T22:58:11.936+08:002016-06-13T22:58:11.936+08:00Hi betta man,
I agree with you, I think you'v...Hi betta man,<br /><br />I agree with you, I think you've created enough redundancies, well done!<br /><br />I'm a self employed, so my 'system' is a little different from employed. There is income tax rebate for VC for my case, and I've done it for a couple of years already. If you're interested to find out more regarding the different types of contribution to cpf, you can look at my post <a href="http://bullythebear.blogspot.sg/2014/12/views-on-cpf-contribution-by-self.html#.V17Ikbt96Uk" rel="nofollow">here</a> to have a read. la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-22337304510410735262016-06-13T22:54:25.852+08:002016-06-13T22:54:25.852+08:00Hi wealth journey,
Long time no see :) For pt 2, ...Hi wealth journey,<br /><br />Long time no see :) For pt 2, I did mentioned cheap and unhealthy food in the heading haha!<br /><br />I agree with you. Once upon a time, I wanted to earn more money so that I could play more games. Now, with the money and the game in front of me, I'm also finding it sian. Different season, different play. Once the season is over, you want to do it also will be a different feeling. la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-30516653533469522082016-06-13T17:27:53.520+08:002016-06-13T17:27:53.520+08:00Interesting discussion on the transfer of OA to SA...Interesting discussion on the transfer of OA to SA.<br /><br />For myself, I keep about 6 to 7 months of housing instalments in my OA and transfer the rest to SA. I took up a short loan (< 5 yrs) so I think I've pretty comfortable with the arrangement.<br /><br />In the event that I really become jobless for > 6 months, I would tap on my emergency funds to pay up the remaining loan.<br /><br />So I believe I've created enough "inefficiency" :)<br /><br />LP, if you do VC, I don't think there is income tax rebate ? Income tax rebate only applies if you contribute to CPF via the minimum sum top up scheme.Betta manhttps://www.blogger.com/profile/02597553932202096004noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-88906542972082294322016-06-13T14:37:47.947+08:002016-06-13T14:37:47.947+08:00Pt 1) agree wholeheatheedly. I don't really li...Pt 1) agree wholeheatheedly. I don't really like cpf as it is subject to too much control. Best to just use it to buy ur hub flat and pay instalment with it and that's about it.<br />Pt 2) cheap does not mean bad. Good does not mean expensive. There are healthy hawker fare still and I don think my restaurant meal are any more healthier.. :p<br />Pt 3) U r right, survival mode means scrimping. When out of it, better spend the time comparing cost to finding additional revenue streams to cover the cost. Or to justify ur opportunity cost. <br /><br />Finally, Y.O.L.O . Live life within ur means and fulfilled desires and experiences when u have the time and means. Don't wait till it too late or too old... A lot of things can only be done when u r either single.. A lot of things can only be done when u r young .. Once that passes u by, you will find it hard to do those things... Those could be experiences which will be with you till the end... Of course. They are things to be done when u r married.... And there are those when u r old..Wealth Journeyhttps://www.blogger.com/profile/11915861361512508441noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-66134461367993441272016-06-13T13:16:00.465+08:002016-06-13T13:16:00.465+08:00Hi Cory,
You can re-frame it as a matter of poor ...Hi Cory,<br /><br />You can re-frame it as a matter of poor strategy too, yes! Those who are too efficient in the short term without looking at the long term costs have poor strategy to begin with haha!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-39364928446440030142016-06-13T13:11:32.091+08:002016-06-13T13:11:32.091+08:00Hi SMOL,
Yes, indeed :) The whole pt of blogging ...Hi SMOL,<br /><br />Yes, indeed :) The whole pt of blogging is to see how silly we are in the past and laugh about it! I warrant prince!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-56710890692165890912016-06-13T13:10:33.508+08:002016-06-13T13:10:33.508+08:00Hi bro8888,
Well, he did say that we should trans...Hi bro8888,<br /><br />Well, he did say that we should transfer oa to sa only after we've settled our housing issues :) But I probably come from another angle altogether, since I'm self employed and not much cpf to begin with. All the cpf money is voluntarily contributed to 3 accounts, to save on taxes and also to buffer for mortgage loan. So my agenda is a little different from employed.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-56213567221709242542016-06-13T12:52:56.990+08:002016-06-13T12:52:56.990+08:00I think we forgot a term called Strategy. Buffer, ...I think we forgot a term called Strategy. Buffer, backup etc. I think both can co-exist. Just need to be efficient in it. LOLCoryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-41281113989547800482016-06-13T09:19:35.995+08:002016-06-13T09:19:35.995+08:00LP,
That's the fun part of blogging isn't...LP,<br /><br />That's the fun part of blogging isn't it?<br /><br />It's the intellectual discussion, debate, and debunking of what we say. <br /><br />And if we can critique our own past behaviours, yup, that's GROWTH! <br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-65264371440134842532016-06-13T07:59:11.531+08:002016-06-13T07:59:11.531+08:00Quote : "Channeling all our CPF-OA into CPF-S...Quote : "Channeling all our CPF-OA into CPF-SA to capitalise on the higher returns, especially when you haven't been hit by the financial bombs.<br /><br /> Yes, you do get higher returns but SA is not good for much use until years later down the road. In the meantime, there is the present to deal with. What happens if you run into employment issues and have problem servicing your loan? The transfer is irreversible. You can run a very tight and efficient ship but you need to be a very experienced captain who can foresee problems years before they crop up. If not, you sail fast but the moment a severe storm hits you, you're going to have a big issue."<br /><br /><br />Well said. Give you thumb up!<br /><br />For compounding the FUTURE money @1.5% more for the some higher MONTHLY payout starting from 65/67 over rest of our life is efficient; but be careful. Do the Maths, do we really have that EXTRAs to be put away as FUTURE money. <br /><br />We can't follow someone's idea without knowing how FAT is their CPF OA.<br /><br />FAT men can lose some fat; but can THIN men also do so?<br /><br />The gap of laying our hand on CPF OA is at 55, can be lump or anytime once annually is 10/12 year to 65/67 and it is on monthly payout.<br /><br />What if; tio Big C after 55 and our thinking of future money of higher monthly CPF Life payout after 65/67 will change. May be regret?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com