What is life like after financial freedom? How can one live a fulfilling life?

I think enough has been said about how life-changing 2020 was, because of how it forced us to take a break from routine, and allowed us to step out of our comfort zones.

Change is a good catalyst for growth, and gives us new perspectives on what is really important in life.

Before diving into 2021, let just do a brief review of 2020.

Review of 2020

  • Markets were a wild ride, but provided great opportunities to ride strong trends, such as Tesla, Bitcoin, etc. This gave us one of the best years of returns.
  • Exercised 3-4 times a week, including tennis, gym, swimming, running, yoga.
  • Used to have a bad habit of sleeping late, finally managed to keep to a timing of 12-8am, giving me 8 hours of sleep a day.
  • Became a certified sports massage therapist, after 7 weeks of training (70+ hours) and a final practical exam.
  • Started meditating 15-3o mins a day.
  • Stopped eating hawker food and started eating healthier, including more fruits and vegetables with every meal.
  • Managed to bulk up from 55kg to 60kg.
  • Read up a lot and worked on relationships.
  • Since I could not travel overseas, I explored a lot of new places within Singapore:
  • Spent a decent amount of time with close friends and family, meeting everyone at least once a week.
  • Watched 110 movies and TV series – that’s way too many lol
  • Only read about 40 books


Plans for 2021

  • Planning to create a lot more useful articles and videos for this blog.
  • Planning to continue meditating daily, and increase to 45 minutes a day.
    • If possible, go on a meditation retreat.
    • Incorporate mindfulness as part of daily life.
  • Continue sleeping from 12-8am daily, with 8 hours of sleep.
  • Continue exercising 3-4 times a week, including tennis, gym, swimming, running, yoga.
    • Work on increasing flexibility and strengthening core muscles to reduce injuries.
  • Continue bulking, next goal is to go from 60kg to 65kg.
  • Continue to eat healthy, cut down on sugar, salt, processed foods.
  • Continue to work on relationships.
  • Learn how to drive (again). I have a license, but I have not driven for more than 10 years.
  • Learn how to cook and bake.
  • Read more books and watch less TV.
  • Travel more, if possible.
  • Try some new things that are out of your comfort zone.


As I reach the big 35 this year, I hope I do not have a midlife crisis, but instead get some wisdom and clarity about what is important in life.

“A Calm Mind, a Fit Body, a House Full of Love” – Naval


Recently I read this book, “Die with Zero”, which put forth an interesting concept to plan your finances so that you die with zero, instead of the usual advice to hoard a large sum of money to live off the interest/dividends, and die with the capital.


How Much Time Should You Exchange for Money?

Life energy is all the hours that you’re alive to do things—and whenever you work, you spend some of that finite life energy. So any amount of money you’ve earned through your work represents the amount of life energy you spent earning that money.

If you die with extra money, it means you have sacrificed hours of your life for those money, which effectively means you have wasted those hours of your life.

This means that there is an optimal amount of work (to exchange time into money) you will need to do in order to live the lifestyle you want, but any more than that is unnecessary. But people tend to work and save way more than necessary, usually out of fear or habit.

Our culture’s focus on work is like a seductive drug. It takes all of your yearning for discovery and wonder and experiences, promising to give you the means (money) to get all those things—but the focus on the work and the money becomes so single-minded and automatic that you forget what you were yearning for in the first place. The poison becomes the medicine—that’s nuts!

For some people, it is easier to keep doing what you’ve been doing, especially when what you’ve been doing continues to reward you with society’s universal form of recognition for a job well done, aka money. Once you’re in the habit of working for money to live, the thrill of making money exceeds the thrill of actually living.


What to Spend Money On For Maximum Value

Many psychological studies have shown that spending money on experiences makes us happier than spending money on things. Unlike material possessions, which seem exciting at the beginning but then often depreciate quickly, experiences actually gain in value over time: They pay what I call a memory dividend.

The main idea here is that your life is the sum of your experiences. This just means that everything you do in life—all the daily, weekly, monthly, annual, and once-in-a-lifetime experiences you have—adds up to who you are.

Start actively thinking about the life experiences you’d like to have, and the number of times you’d like to have them. The experiences can be large or small, free or costly, charitable or hedonistic. But think about what you really want out of this life in terms of meaningful and memorable experiences.

What’s the best way to spend our money for maximum enjoyment and in order to generate maximum memories?

What’s the best way to allocate our life energy before we die?

What are the life experiences you would like to have in this lifetime?


How to Minimise Regrets in Life

Here are the 5 biggest deathbed regrets:

  • I wish I’d had the courage to live a life true to myself, not the life others expected of me.
  • I wish I hadn’t worked so hard.
  • I wish I’d had the courage to express my feelings.
  • I wish I had stayed in touch with my friends.
  • I wish that I had let myself be happier.

The problem of confronting overly delayed gratification and the resulting regret doesn’t occur just once, at the end of one’s life. Rather, it can occur at every period during your life, from the bookworm teenager who missed out on all the fun of high school by making too many sacrifices for the sake of a supposedly brighter future to the middle-aged dad who repeatedly skipped irreplaceable experiences with his own teens by constantly hustling for one job promotion after another. Sometimes people realize their mistake just before the window of opportunity closes—like when one’s children are getting ready to leave the nest—and sometimes the recognition comes when it’s too late to do anything at all about it except resolve to do better in their next life stage.

That is what I mean when I say that we die many deaths in the course of our lives: The teenager in you dies, the college student in you dies, the single unattached you dies, the version of you that’s a parent of an infant dies, and so on. Once each of these mini-deaths occurs, there’s no going back.

Because of this eventual finality of all of life’s passing phases, you can delay some experiences for only so long before the window of opportunity on these experiences shuts forever.

When the end is near, we suddenly start thinking, What the hell am I doing? Why did I wait this long? Until then, most of us go through life as if we had all the time in the world.

So to increase your overall lifetime fulfillment, it’s important to have each experience at the right age.


Balancing Time, Money & Energy

In other words, to get the most out of your time and money, timing matters.

There is a sweet spot in everyone’s lifetime during which they can most enjoy the fruits of their wealth.

The problem is that people continue to save well past that optimal point. This is the senselessness of indefinitely delayed gratification.

When you are young, you should focus more on building good experiences instead of earning money, because your earning power will definitely increase over time, meaning your dollar earned per unit time is higher.

Some researchers asked people of different ages what prevented them from taking a trip. They found that people under age 60 are most constrained by time and money, whereas people 75 and older are most constrained by health problems.

We keep putting off wonderful experiences, as if in our final month we can easily squeeze in all those experiences that we had put off all our lives.

What I’m saying is that dying with zero is not only about money: It’s also about time. Start thinking more about how you use your limited time, your life energy, and you’ll be well on your way to living the fullest life you possibly can.


Bucket List vs. Time Buckets

Some experiences can only be enjoyed at certain times

Your declining health and diminishing interests mean that your list of activities will narrow as you age, which means that your spending rate won’t remain constant: If you want to die with zero and make the most of whatever health you have at every point in your lifetime, you will need to spend more in your fifties than in your sixties, and more in your sixties than in your seventies, let alone your eighties and nineties!

Many people are willing to spend tens or even hundreds of thousands of dollars to prolong life for just a few more weeks. Think about it: That’s money that they spent years or decades working hard for. They gave up years of their life while healthy and vibrant to buy a few extra weeks of life when they are sick and immobile.

The key is to strike the right balance between spending on the present (and only on what you value) and saving smartly for the future.


Financial Planning for Dying with Zero

To plan to die with zero, it is actually not that hard.

Start off by estimating the maximum possible age that you will live too, then look at how much cash you will need.

Do note that your expenses (except medical) will be much lower as you age, and can be covered with a combination of annuities, insurance, savings, plus some buffer.

For every single thing you might be worried about in your future, there is an insurance product to protect you.

With this new approach, your net worth should peak earlier (in your 50s-60s), instead of peaking at your death. This means that you can retire earlier, because you do not need to hoard that much assets.


Giving Your Money Away at the Best Time

Most people wait till they pass away before “giving” their wealth to their kids, or to charities. But have you wondered, why not give it away while you are still alive?

Why not give it to your children during the time when they can make the most of it?

I actually did an informal Twitter poll recently in which I asked people what their ideal age was to receive an inheritance windfall, and most of them agreed. Of the more than 3,500 people who voted on this question, very few (only 6 percent) said the ideal age to inherit money is 46 or older. Another 29 percent voted for ages 36 to 45, while only 12 percent said 18 to 25.

The clear winner, with more than half the votes, was the age range 26 to 35.

Why? Well, some people mentioned the time value of money and the power of compound interest, suggesting that the earlier you get the money, the better. On the other hand, a bunch of people pointed out the immaturity problem of getting the money too young. And to those two concerns, I would add the element of health: You always get more value out of money before your health begins to inevitably decline. Bottom line? The 26-to-35 age range combines the best of all these considerations—old enough to be trusted with money, yet young enough to fully enjoy its benefits.

The upshot of all this is that if you wait until you die to have your children inherit your money, you’re leaving the outcome to chance. I call it the three Rs—giving random amounts of money at a random time to random people (because who knows which of your heirs will still be alive by the time you die?).


What Do You Want to Give Your Kids?

Just as you’re trying to form memories of times with your kids, it makes sense to want your kids to form memories of you. Both sets of memories will yield a memory dividend—one stream of dividends for you and one for your kids. So how do you want your kids to remember you?

Your kids will only have their childhood for a certain number of years. What experiences do you want to have with them? Or rather, what experiences do you want them to have with you?

Does each additional hour of work you do really worth it to you and your children? Does your work add to your legacy—or does it actually serve to deplete it?


My Views: Why Am I Not Working Harder?

I get this question quite often, as people wonder why I am not working harder, trading more, scaling my business, making more money?!?!?

My question to them is, “what is the point of making more money?”

I have more than enough money to create the experiences I want, to give to the people/charities I support, and to retire and die with zero.

I choose to spend my time doing the things I enjoy, such as playing sports, hanging out with my friends/family, reading 2000+ books, and travelling around the world (60+ countries to date).

I probably will start a family at some point, which is why I have travelled to the more challenging places so far, while leaving the family-friendly places for the future.

And I look forward to creating more awesome memories and experiences in the next 2/3s of my life. 😎

After reading countless self-help books and websites, the idea of goal-setting seems to be staple advice for anyone looking to get their life in shape.

Hence, every year, either at the end of the calendar year, (or at any significant point in the year such as one’s birthday), it became standard practice to set goals, or resolutions, specifying what one hoped to achieve by the next goal-setting date in 365 days.

But really, how effective is this?

Depending on one’s willpower, one might be able to stay motivated and work on the goal for 1-3 months, but soon after life gets in the way, and the resolution quickly gets forgotten. Hence quite often people end up recycling their new year resolutions.

So is there a better way? (spoiler alert: yes, there is.)

The problem with goal setting is that it shows you what the end-goal is like, but it misses out the exact steps to get you to that goal.

For example, one of the common goal setting methodologies is SMART, which stands for Specific, Measurable, Attainable, Relevant, and Time-based. While these help you define the parameters of the goal, it does not show you how to get there.

That’s where the importance of habits come in.

“A habit is a routine of behavior that is repeated regularly and tends to occur subconsciously.” – Wikipedia

While goals can help you think of the desired end result, habits can show you the path to get those results.


Real-life Application

For example, if you are like me, and enjoy doing extreme planning and goal-setting, the sequence will look like this:

Lifetime goal > Goal for next year > Actionables > Daily habits

Lifetime goal: being physically healthy and keeping in shape

Goal for next year: hitting a desirable weight of xx kg

Actionables: eating healthy, exercising more

Daily habits: only eat healthy snacks, eat 3 servings of fruits/veg, exercise 30 mins a day, etc


As you might have realised, the main purpose of the goal is to allow you to formulate the daily habits which you should be doing if you want the desired end results.

This means that on a day-to-day basis, you should just be focusing on executing the daily habits. It might seem slow at first, but be patient and wait for the compounding effect to kick in.


If you only focus on the goals without clear steps, or try to take huge steps, it will require a lot of willpower every single day to chase the goals. This is why most people give up after a few months, due to a gradual attrition of willpower.

However, if you work on building habits, they do not require much willpower to maintain once they become ingrained, so in a sense it is like working towards your goals on auto-pilot, which greatly increases your chances of success.


How to Get Started?

The easiest way is to start with something small, and stick with it, and as the action becomes a habit, slowly build on it. Each level can last anywhere from 1-2 weeks, depending on how long it takes you to ingrain the habit, and automatically do it daily without missing any days in between.

Level 1: Do 5 push-ups a day

Level 2: Do 10 push-ups and 10 sit-ups

Level 3: Complete level 2 and go for a 10 min run

Level 4: Exercise for 30 mins

Level 5: Continue building as you see fit


Don’t try to start working on too many goals at a time, it is best to pick the top 1-2 goals, and work on ingraining the habits for them, before moving on to the next goals.


The Power of Compounding

In investing we often talk about the power of the compounding effect, and this concept can also be applied to our personal growth.

If we improve our lives by 1% daily,  the compounded returns is 3800% per year.

So, have you set your goals and habits for the year ahead?


Nowadays, birthdays are one of the best opportunities to catch up with your friends and loved ones, since most people have to work.

Grateful for all the meetups and birthday treats in the last week, and the insightful life conversations with people that I have known for more than 10, and even 25 years.

At a certain age, people start to dread birthdays (hmm.. what did I achieve with my life since last year?), and for me it is the mid-point in the year, so I usually review my goals that I set at the start of the year.

“And in the end it’s not the years in your life that count; it’s the life in your years. ”

As I grappled with the arrival fallacy for the last few years and struggled to find purpose in life, I have placed much less emphasis on career and financial success, and focused more on other aspects of life, such as:

  • Growth and contribution (reading, blogging, volunteer work)
  • Relationships (quality time with quality friends, settling down)
  • Healthy living (8 hours of sleep, eat healthy, eat more)
  • Hobbies (trying out new stuff to challenge myself)
  • Travelling (seeing all the safe countries in the world)
  • Spiritual growth (mindfulness, meditation, gardening)

Looking forward to the remaining 60% of my life. 💪🙂🔥

*Note: This article is adapted from Quora (written by Ziad K Abdelnour, Wall Street Investor), and the source to the original article is listed at the end of the article.


Given the nature of my business, I am often asked by friends how does it feel like to deal with billionaires on a daily basis and what really makes them tick. Understanding after all the billionaires psyche is key in unlocking potential not seen anywhere else.

Well for a start…let me tell you that the main thing I realized after starting dealing with billionaires a decade ago is that billionaires tend to be really good at understanding systems of value creation and placing themselves into those systems more effectively than anyone out there.

Billionaires tend in fact to view the world as a tangibly fungible place. They see the world and want to move the puzzle pieces entirely around. They look for the faults in the ecosystem and identify massive holes and what could be added to fully capture that value. Then they spend about 10 years maniacally attacking the gap, organizing people, recruiting and generally creating a “cult”. They create a bible so to speak of values and ideas that bundle together in such an appealing way to attract the smartest people around (aka the future millionaires).

The billionaires I know don’t look forward to the weekend. They don’t drink. They work from 5am to midnight everyday including weekends. They don’t socialize with friends and they often mix friends and work. It’s all one big chain that supports their vision of the future and tying up the value. This is a different internal programming than most people have out there.

What do you do if you live in Trent, Michigan today? The auto plants around you are closing. It’s tough to be a billionaire potential person in that environment, but 100 years ago in 1912 it was actually possible. Ask the Ford family about this. So overall, location, timing, industry and proximity can be a major factor that comes into play. Tech is what’s happening now, but other industries happened before. 1950s Texas oil well drilling, 1910s autos Michigan, 2010s Silicon Valley. There is much to discuss, but the mindset pieces are the key and are universal.

So what to make of it all?

Well, I see billionaires having 3 types of focus

1) Inner/self: a keen sense of where you want to go, and self discipline to get there.
2) Empathy and the ability to inspire others.
3) Awareness of where the greater world is going, and what can be done to shape it.

The young millionaires I know seem to spend a lot of time working on 1 and 2, talking about emotional self discipline & company culture.

The billionaires & ultra high net worth power players have on the other hand mastered all 3, particularly the 3rd. They are the “unreasonable” ones who adapt the world to their vision. They are absolutely fearless. Perfectly willing to move mountains, change cultures, lobby regulation to achieve their vision and kick real ass..

Come to think more of it, billionaires would seem to have more in common with a homeless man on the street than a millionaire in the sense that they are completely unconventional and independent thinkers. They are outcasts from regular society and most probably will always be.

A millionaire might have more sense about her-himself and scale back to preserve wealth and “quit while they are ahead” sort of speak.

The billionaire mindset defies logic and decisions are made against all outside reason. They really don’t give a rat’s ass about the money and frankly have a clean detachment to it, therefore with that clarity of thought mixed with pursuing their passion, make most of the money.

One common theme that I see all the time in my billionaire friends and that’s the theme of failure before success. Self-made billionaires NEVER give up if they fail. They just go on and on and on until they stop failing and become a success.

Now that you know the basics of the billionaires psyche, go use those priceless tips to make a killing and never turn back.

Source: https://www.quora.com/Whats-it-like-to-be-a-billionaire/answers/7455932