By gameplan, I mean anything: financial, professional, social, political. What do you do to survive and thrive in a Singapore clearly not meant for average people and Singaporeans?
Here's mine:
- 2016 - Work Freelance. Avoid the rat race. No benefits but with working hours reduced by 25% even at peak, I can take care of myself well such that I don't need benefits. I get paid far more on a per hour basis than I ever would have as an employee.
- Minimize Interactions with Government. Don't contribute to CPF, only medisave as that is required by law. Don't go for their CDC events, don't approach their agents. This minimizes contact with PAP and their supporters. Only use them when necessary or if benefits outweigh risks.
- Use Them for All They're Worth. Take their damn CDC vouchers. Take the subsidies. Take whatever resources they offer for whatever initiative they're pushing. Use them for your own purposes just like how they use you for their agendas.
- 2020 - Invest Aggressively. Chances are, you're not going to be rich, especially if you don't fall in line like the rest and rely on connections in a crony capitalist society. A lot of average people don't know it, but to live in Singapore is to accept that investment is compulsory. Without it, you will work until you're 75 like how the PAP intended. Try out a few things, and pick what is best for you. Do the research, manage the risks. I personally went with crypto, especially Bitcoin, which are anti-government, anti-establishment. I spent the first few years of my career putting almost all my disposable income into it, then DCA'ed into it over time for the next few years. It is now working insanely well for me. (edit: Got the no. of years wrong. It's not 10 years)
- 2024 - Scout Other Countries. Go for vacations, visit other countries. This is not just for fun, educational purposes or exposure even if all those things are nice. It is also to identify alternative countries of residence. Eventually, you will want to consider putting down roots in other countries. A common adage that investors abide by is to never put all your eggs in one basket. This is true about Singapore. Can't put all your eggs there, especially when the Cuckoos are laying their eggs in the same nest, if you catch my drift. A friend of mine and his wife had already put down roots in Malaysia, and only comes to Singapore to work as a form of geo-arbitrage. Another friend of mine is travelling the world for extended periods of time.
- 2025 and beyond - Thrive, Not Just Survive. The greatest form of revenge is to thrive despite the forces against you. It is very easy to fall into the same siege mentality as PAP sheep, but don't. Plan well, do well, get wealthy, then be independent. I personally am on the way. By the end of this year, I'd be about 1/4 or 1/3 of the way to millionaire status depending on how this bullrun turns out, and will be increasing my passive income to half my current active income, partially retiring me. In the next 4 years after that, millionaire status is attainable if the next bullrun happens as per normal. By that time, I will be mostly retired and will work only because I want to. 4 years after that? Hoo boy. Sky's the limit.
So, what are your plans? We should share them to help each other.
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