I am now in my 40s, semi-retired, happily single and attained my bucket of gold from inheritance (yes, ironically it's not from high earning or exceptional investing). How my mindset changed from when I was in my 20s:
I don't chase dividends so much anymore - because almost all of my REITs bought have turned salted fishes (ever since the high interest rate environment started). Some blue chips became multi-baggers though.
Why I stopped checking my portfolio daily - because I am too lazy and I don't trade sg stocks. I INVEST. (In reality, I am a lousy trader.)
Why my emergency fund is larger now - because I am getting older in age and have unstable income. Maybe it can double up as a War Chest when the market decides to crash in future.
I used to aim for FIRE - now I prefer to Semi-FIRE, so as to keep myself updated in my field of profession, keep my mind active and my social circle opened.
I underestimated inflation - Even cooking a meal at home requires more than $3/ pax, as such I think it's better to "da bao". Luckily the Kopitiam near my house is still selling cai png at under $4, and even more luckily I don't work in the CBD area. This is also why it might not be a good idea to FIRE too young.
I realized simplicity beats optimization - less effort, more savings, no hoop-jumping. I will talk more about it in my next post perhaps.
I would rather pay for experience rather than material wants - The most expensive bag that I owned I never got to use it in my daily life. Same for branded watch and anything else that I don't really need (so they are just stowed away in the cupboard).
Thanks for reading!
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