How To Retire Early (Or Get Richer) With The Humble $10

Ah, the humble $10. So easily and often neglected and mis-used.

In Singapore, that'd be about:

  • 2 starbucks drinks
  • 2 cans of beers
  • 1 movie ticket
  • 0.5-1 cab ride
  • 0.2-1 lunch/dinner
  • 4-5 pieces of single piece bread from common bread/bakery shops
  • half a pack of cigarettes
  • some impulse purchases that can be useless (the 1000th hair pin etc)

You get what I mean: the humble $10 is terribly under-rated and unappreciated. Think about it, how many $10 decisions do you make a day, that you could possibly save on?

  • 1x per day = $10 saved per day
  • 3x per day = $30 saved per day
  • 5x per day = $50 saved per day

Say you could save $30 per day, multiply that by 365 days per year = $10950 savings in a year.

If you invest that amount in dividend stocks with an average of 5% return, that'd be $547.50 passive income

  • In 10 years, you'd have $144,614.32 with $7,230.72 dividend per annum (and growing)

  • In 20 years, you'd have $380,175.81 with $19,008.8 dividend per annum (and growing)

  • In 30 years, you'd have $763,880.65 with $38,194.03 dividend per annum (and growing)

Yes, from the humble, unassuming and under-rated $10.

And that's based on 3 occurrences per day on determining if you use $10. Or not.

What happens if it's 10x per day? Or more? And that's just cash decisions.

What happens if you:

  1. buy a cheaper phone plan instead of the more expensive one, saving you anything from $20 to $100 per month?

  2. buy a slightly cheaper internet plan that's slightly slower, spending $30 per month instead of the cutting edge $60 per month, saving you $40 per month

  3. don't subscribe for cable TV, saving you anything from $65 to $100+++ per month

  4. don't subscribe to newspapers, magazines, that monthly wine/toy/food etc, saving you at least $100 per month and up to $300+?

The permutations and possibilities add up a lot. With just the above 4, that's a minimum saving of $225 per month, or $2700 per year (assuming you cannot save on anything else and just the above 4).

Take this amount, invest it in dividend stocks and roughly 5% return:

  • In 10 years, you'd have $35,658.33 with $1,782.91 dividend per annum (and growing)

  • In 20 years, you'd have $93,741.98 with $4,687.10 dividend per annum (and growing)

  • In 30 years, you'd have $188,354.13 with $9,417.70 dividend per annum (and growing)

Imagine how much faster and earlier you'd retire.

In fact, I'd recommend you take USD 299 out of your savings per year, and invest into building and improving a skill of making money online. I recommend Solo Build It to build your online businesses, which I've used since 2010, and I recommend them because I've so much outcomes with them (read my review here). On NigelChua.com, I use WordPress but that's because NigelChua.com has been around since 2009 =D

PS: if you're a die-hard WordPress fan, then go with WordPress (I use Bluehost to manage all the domain name and hosting stuff). But if you're not technically inclined or want your online business to be easier with less tech hassle, I highly recommend Solo Build It.

Where to next?

A) Take a look at my Books and buy whichever interests you =)

B) Tools & Resources I use to improve my life

  1. Christianity: Bible Gateway & Verse of the day (free)
  2. Website + Digital Marketing for small / service business: Solo Build It
  3. Health: 
    a. Xtend Life Total Balance Men's Premium Multivitamins
    b. Xtend Life Kiwi Klenz (Gut Health) 
    c. VigRX Plus (Bigger, harder & long-lasting erections)
    d. Brita Everyday Elite Water Filter Pitcher / Jug

C) Topics & things that interest me

  1. Eternal life and salvation: Jesus Christ the Way, the Truth & the Life
  2. Fix Your Health: Get healthier, live longer, run faster, more energy, fuck more
  3. Passive Income Lifestyle: Build financial security by buying & building assets that provides you recurring passive income.
  4. Loving Relationships: Attract, build, grow & maintain relationships you love
  5. Leadership & Fatherhood: Leading by example, communication & consistency.
  6. Philanthropy: Giving to projects & people you care about.
  7. Active Philosophy: Conscious, Purposeful Faith, Hope & Love
  8. Productivity & Effectiveness: Doing what matters most with less and ease.
  9. Insure yourself and your loved ones (Health insurance is important)
  10. Add-on Adventures: Become rich and wealthy
  11. Add-on Adventures: Build businesses that adds positive value to your society and life
  12. Success Principles

D) Visit the Blog for latest articles and updates

E) Back to Homepage

Take action TODAY: One year from today, you'll be one year older. What would you have done by then?


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