Spirit-led Financial Independence
2020-2022 where COVID-19 ravaged the world, uprooting global trade, travel and lives, where there were so much sufferings in health (people lost lives and lost health), lost jobs and independence when we were forced be it by law or fear to stay home. I distinctively remembered that during the early COVID years, the uncertainties the … Read more
Someone asked me this just the other day, and it reminded me of that experience there. It was…a surreal experience, especially when I nearly died in November 2023. I checked myself into Mount Elizabeth Novena on Sunday, 12th November 2023, when I couldnt catch my breath. For items 1-3, happened in the hospital. I was … Read more
I’ve written a series on my thoughts on starting a trust fund, and today I want you to start thinking about it seriously, especially when you have people, organizations and causes that you care about. Dont think that nothing bad will ever happen to you, ala “smallville”, where bad things only happens to others. Dont … Read more
Two key approaches: are you using it to retire…or you just want it to activate upon your death? This is a key distinction because it’s very, very different. The best guiding question is firstly, do you plan to retire on the payouts of your trust fund? If yes, then we will have to work on … Read more
Firstly, is if truly works. Can you imagine…if the trust fund that you painstakingly plan, build and maintain, goes floppily belly-up? I cannot imagine that being able to happen, but it’s one of my deepest fear, that all my hard earned monies will disappear like smoke, be it due to some unforeseen circumstances, or by … Read more
Frankly, I’ve no idea. Some companies quoted me $20K+ USD per year. Some quoted me based on percentage. Price and costs is one of the key important considerations of starting and maintaining a trust fund – if it’s too pricey, it may erode the principal value of the trust fund’s estate. Of course, sometimes its … Read more
It’s not about money only per se. It’s truly about creating a love gift that keeps on growing and gifting for years, decades and even centuries, long after me and my wife’s demise. The goal for me, is to not waste the hard works, efforts and energy that we had spent to build income, savings … Read more
Assuming global ETFs returns are at a conservative 6%, I may allow up to 3% drawdown to pay for expenses related to the trust fund management, and the balance of this 3% to be split into 2 portions: How to split the 90% of the drawdown post expenses Likely the idea will be based on … Read more
In this case, I am 41 this year. Once I start my trust fund, say by 43, and fund it, it will bring with extreme certainty what I will be doing with my money, time and focus. It becomes so clear: And once the income from the trust fund becomes equal or more than my … Read more
Without a plan, one plans to fail. That’s the reason why I am so adamant on having and building a trust fund for ourselves and our future generations. Without a purpose for trust fund and future generations, one will likely live without care for money and how it’s spent. Want to spend on that new … Read more