My CEO Journey

I was reading through thefinance, when I chanced upon this blog post by B, author of A Path to Forever Financial Freedom (3Fs) . He started his blog 5 years ago, to document his path towards financial freedom, and even drew up a chart to project how he could achieve it. You can read more about it here . I too, wanted to achieve financial freedom at 45 (13 more years to go), and I wrote about it here . Unlike his detailed projection, I only wrote about how much would be required, but I didn't talk about how to meet that (because I do not have an idea!). He talked about meeting his financial needs using dividends, while I looked at the capital I need to sustain my lifestyle till 100 years old, while generating a return of 2 - 3%. My conservative estimate suggests that I'll need $3.4M. I tried all realistic capital injections, and returns, and I am unable to reach $3.4M, unless I delay the retirement to 55 years old. This exercise is really good, as it tells me that if

I purchased 10,000 units of Kingsmen Creative at $0.62 back in August 2016. This works out to $6229.04 including all the additional cost. I have previously mentioned keeping track of all my stock transactions , and as such have included it in my transaction page . There are many bloggers who have talked about this Company, Examples are here and here . Hence, I shall not further talk about it. The purpose of this post is to record why I thought about purchasing this stock for future reference. The page where I looked at most for the decision making is here . Financial Stability The first thing I looked at was the solvency of the company. Will it still continue to exist? Cashflow is important for this. Borrowings and debt securities as of Jun 2016 is $12.397M. There is $65.988M cash and equivalent available. A look at the total liabilities indicate that it is $123.054M. Trade and receivables, and gross amount due from customers for contract work-in- progress is $108.971M.

The Straits Times has been running articles about the increase in HDB resale transaction that did without a property agent. Hey, I am one of them! I recently got the keys for my resale 4- room flat, and did it without an agent. My Experience We bought the flat without an agent. Honestly, the HDB process was simple. Follow all the procedure from HDB website, and you are done. Here is a link to the procedures. For my case, the hardest was to deal with the other side's (property agent or seller). In fact, as long as you do your homework (meaning read HDB's website), look at past transaction prices (at HDB website, and you notice within the same period, the prices do not vary a lot for similar floors in similar areas, plus minus a bit for renovations), and are willing to negotiate (just tell them the price you are willing to buy, and ask them to call you if they can match that price), you should be ok. Some property agents tell you that they can help you with the h