polytechnic education in Singapore. Together with some friends, I went
to research and apply on my own during that time, what courses and work
that I may be interested in, eventually settling in on occupational
My parents had to pay for my monthly financial needs,
which included rent, books, food, stationery, tuition fees (school), and
whatever I needed to be able to focus on school and graduating.
the first year of study in 2002, I approached more than 12+ health
institutions to get a bursary
(where I get a monthly stipend which in turn, I get bonded to
institution), and I finally secured one in mid 2002 which provided about
$900 per month for 2 years, in return for a 3 year bond. This helped
offset my parents financial burden for the monthly living expenses, but
they continued to pay my tuition fees (about SGD 6000 per year for 3
Having earned my own bursaries and monthly money,
which led me to learn how to live within what I have, as well as having
moved out to live on my own since I was 20 years old, quickly taught me
how to survive.
No one else was responsible for my rent, food, mobile, internet, health, grades, relationships, use of time - BUT ME.
Naturally, this made me grow up and mature very, very quickly, that if I should live or die, pass or fail, grow or not - falls 100% on me. And I've no one else to blame. And when there's no one I can rely on in Singapore, I really had to be independent.
This is what I am saying I want my kids to achieve: full independence and maturity, and better still, become rich by adding good value to the world. (And as Christians, to find Christ and bring glory to His name).
Of course, in addition to that experience, because we also took the path of hustling and entrepreneurship, with a lot of extreme experiences where:
we got cheated by people who didn't honour their words
learning to handle cash flow, money and promises
learning to handle weird patients and people
our business getting acquired and subsequently handling the buyers and the employees post acquisition
All these together, formed and solidified our ideas and values, and more than ever, we are deepening our value of wanting to earn our own keep and being entrepreneurs. Life as employees isn't aligned with who we are, what we want and where we want to go.
I think I will continue my focus on being the Mean Dad so that the kids will grow up well.
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SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45
SGD 2,000,000 in cryptocurrency
Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40
Publish at least one book by 40 years old
Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month
Ongoing: spend more quality time with children, wife, family, bible, God.
Note/Disclaimer: My writings and works are NOT financial advice.
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