Thanks to all the recent readers who commented on the blog. I am extremely happy to see most are Singaporeans, or who are familiar with Singapore at least. I was starting to feel a little lonely for compatriots on the blogosphere. I am sorry for not responding to all your comments directly, because I have not exactly been checking non-critical email accounts, or been on the internet for a while.
As I mentioned in my last post, I had been having a little…funk for the last few months. This resulted in my taking a three-month unpaid sabbatical from work to try and get back on even keel. I honestly feel extremely lucky that my company valued me enough to keep my position open during this period, though I am sure this is going to hit me when bonuses and share options are announced next year, since I haven’t exactly been performing this year.
Three months of lost salary aside, I don’t think I will be taking a major hit to my net worth this year, because my mother decide to gift me SGD 18K last month. I kind of protested, but she told me it would all be left to my sister and me anyway, and she would rather let us have it now because she was worried she would become susceptible to cheats in her old age and consequent vulnerability (she did include banks in that class…haha).
Also, my personal expenses are low enough during this period that it seems that the cash flow from the rental condo would cover most of it. The only stuff I couldn’t exactly cover were the income taxes and my whole life insurance premiums, which are coming from savings.
I personally feel a great sense of relief that I could afford to take the three months off for mental health’s sake without being majorly impacted financially, even without my mother’s gift. If there was ever a time when being frugal paid off, this was it. It also gives me a greater confidence that I will be able to live the simple, low cost life in my retirement.
I don’t exactly have the numbers for my overall financial picture yet since I kind of let go of data entry during the last few months. I will post them once I get caught up. I am also at a sort of a cross road with regards to my work and career now, so there are several hard decisions that I might really need to make. I am really not sure if I can last the next ten years in the engineering field before I will be able to retire. Yet downshifting at this point to a lower paid job is going to have direct consequences on my early retirement plans as well, though I may probably be able to last a little longer at a less stressful job.
I am also struggling to reconcile my parents to my early retirement plans which I will probably discuss in a next post, since this one is getting a bit long. So, thanks again to all who are reading and/or commenting. While I didn’t mind putting my thoughts out to a vacuum, it is good to know someone is listening.