If you were associated as gold farmers in any game, I am going to guess that you can live with some grinding -- really really boring stuff of saving money every day, tracking expenses every month, ensuring you run a surplus every year, and forcing yourself to save if you forgot to save -- with your sheer will power silencing any procrastination that you have.
I was one such farmer, but I was more of a trader, where I buy goods low during weekdays and resell them higher during weekends when demand is higher, but I can grind.
What I grind:
- Record income and expense daily, monthly and yearly (14th year)
- Desk-bound job, email warrior, telephone mistress (11th year)
- CPF Special Account top-up -- transfer $7000 every year (2nd year)
- CPF OA to SA transfer -- transfer max to SA every year (3rd year)
- Medisave Account top-up for daughter -- $1000 every year (1st year)
- SRS contribution -- transfer max every year for 10 years (3rd year) $12750 previously, now $15300
- Monthly investment budget -- $3000 every month for 5 years (3rd year)
- Read a financial report -- at least 1 every month (3rd year)
- Learn french -- read french every week (2nd year)
Achievements:
- Next year Jan, after I make my last CPF Special Account top-up to claim $7k tax relief, I will reach the Minimum Sum or Full Retirement Sum (FRS). => I have 2 things less to grind... Phew.
This is a very boring post about the boring tasks of a farmer.
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