Planning For My Ultimate Goal

You should have found out from About the Blog and About Me that I am still captive to a 40 hour work week. Although that probably doesn’t sound too inspirational to most readers, let me reassure you that I have big plans in place and I shall share my Ultimate Goal with you.

I should have the option of cruising into a 15 hour work week by 35

“Semi-retired by 35? That’s really some lofty dream this guy is fantasizing about. He’s probably earning some big money or had some big inheritance. Otherwise he’s going to regret it because he has not accounted for future expenses like escalating medical costs, insurance, raising children, travel, the amazing new iPhone 6 and hair loss treatments!”

I hear you loud and clear. Yes, even though I do not see the glass half empty (I am not seeing the glass half full either. I am instead learning how to rejoice at even having a glass in the first place), let me reassure you that I am making some very conservative estimates here. My Ultimate Goal can actually be rendered very achievable due to the 3 reasons below.


1. Lower expenses than the typical Singaporean household 

I still regard $40,000 as a lot of money to be spent in a single year. However, my wife is adament that it’s perfectly reasonable since we are including every single cent. The mortgage, token allowance to parents, income and property taxes, best friend’s wedding ang bao, the $9 monthly NTUC membership fee and the 20 cents I accidentally dropped into the drain will be accounted for in this target. As of now, just my wife’s income alone will be able to cover this estimate, meaning that we save >50% of our income (Yup, from this fact, you should realise that I earn more and I am proud to be the MAIN breadwinner)

Contrary to your expectations, we are not sacrificing FUN and HAPPINESS here. A middle-class, comfortable and fulfilling lifestyle will still be easily within our grasp. Together with you readers, we will explore how this can be done with a change of the average consumer mindset in many other subsequent articles. For now, you just need to know that $40,000 is our target expenditure (our current expenditure is closer to $50,000).

2. Fund half of our expenses with passive income, primarily from dividends

Two of the smartest people I know, Keynes and Buffett, made their fortunes owning companies and a capitalist will rarely find a more conducive place than Singapore to conduct his business (no tax on captial gains). Therefore, beginning from a few years ago, I periodically used some of my own capital to purchase stocks of local companies that I had “good faith” in.

Since I only made the decision to exit the Rat Race early recently, most of my holdings are geared towards growth rather than dividend stocks. (To prove my point, I do not own any Reits at this point in time) My dividends provide around $4,000 a year currently and I intend to use more savings to purchase businesses that regularly reward minority shareholders like me. The portfolio should hopefully churn out $20,000 a year by 2020. I love nice round figures. =)

3. Earn a reasonable hourly wage to cover the remaining needs

With half of my expenses settled by dividends, WE (wife and I) will need to earn another $20,000 from part-time work. Dividing it equally, each of us will have to bring home $800 worth of bacon every month, which doesn’t appear too demanding. I mean, even earning $10/hour would easily get us $600 on the 15 hour work week. And if push comes to shove, we could extend the work week to 20 hours instead.

Nonetheless, it’s highly unlikely that my wife and I will only be valued at $10/hour. We are both nice and smart (that’s why we married each other) and the likelihood is that I can command >$30/hour in my part time vocation (something I might even be willing to do for free under certain conditions), which should easily contribute the remaining half of our expenses. The lady could then stay home with the kids and cook/bake the entire day away.

In all reality, we are expecting to earn >$30,000/year during our semi-retirement to build a greater buffer in case we ever want/need to spend more. Otherwise, investing this excess would increase our passive income and potentially reduce the 15 HWW to 10 hours or maybe even 5 over time (if that’s desirable). Inevitably, we will be saying Hello to Financial Independence in the not too far away future.


To end off, this is the blueprint to my early semi-retirement, when I reach the stage to live like the Fisherman for the rest of my life.


5 thoughts on “Planning For My Ultimate Goal

  1. B

    Hi Hww

    You have a great ambition with a great plan pen in a great blog.

    I wish you all the success and we will walk along the journey together to reach the end.

    1. My 15 HWW Post author

      Hi B/Brian,

      Thanks for dropping by and I enjoyed your blog too.

      Looking at the pace you’re setting, I probably have to run instead of walk to keep pace with you. 😉

      1. B

        Hi Hww

        Reaching the goal is probably one of the motivation but it is the daily habits which keeps us from strength to strength each day.

        It is heartening to see there are more and more young people like you and me who has this sort of ambition. I dont hv it much in people around me so I would feel “weird” at times.

  2. cherry

    I love reading your blog. It cracks me up with the way you write. I’m only slightly younger than you, but I see much in common (except for the pay part la, WL, you earn quite a lot) because I’m from the same sector as you. This is my first job, and well, I hope I’ll be as successful as you in my career + future marriage life + potential early retirement life. Hehe.

    1. My 15 HWW Post author

      Hi cherry,

      Glad you have enjoyed reading my articles and hopefully, you have learnt something useful from here as well.

      Since you are younger than me, you definitely have time on your side so jia you! All the best in your endeavors.