Understanding the CPF (complicated) system

BF and I were having a Whatsapp conversation one day.

Me: BB, I read that got people transfer their funds from OA to SA, maybe we should do it leh! Got higher returns.

BF: Huh is it? Never hear before leh. Then transfer already can transfer back anot?

Me: Er, don’t think so leh.

BF: Then next time want to buy house how?

Me: Er….

BF: Better check first. Then decide what we want to do.

Me: Okok, I read more…

We continued discussing even further and eventually we decided that there was too much to discuss. After gathering all the information I have found online, I have arrived at a few conclusions.

1) The CPF website is super chapalang (disorganized).

In order to get a specific piece of information, I needed to click a few links before reaching my destination. Sometimes even go one big round and then end up at the place where I started. It is like weaving through a maze. Haiyo.

2) Once you master the CPF system, it is hard to forget it.

In fact, it would seem like everything would fall into place. You will automatically know what you need to do in order to use the CPF to your advantage.

3) Do not just limit your knowledge to the CPF website. 

Information about CPF is boundless. Knowledge is power, but applying your knowledge is a different thing entirely. Do your research and see what people are doing with their CPF accounts. And adopt the approach that would work best for you.

That being said, on the same weekend, BF and I sat down in front of the PC to analyze the CPF system. Funny how other couples go for movie dates but ours is to study the CPF. Lol.

I’ve opened a new category in my blog named as “The CPF system”. Subsequent blog posts about the CPF will be placed in this category. So if you want to know more about the CPF and how I utilized this to control my finances, please click here. I hope that it would be able to give you some insight and you’ll be able to find what you need.

Thanks for reading!

Miss Niao xoxo

The first milestone for Miss Niao – A BIG THANK YOU!

Hello everyone!

This is a special additional blog post to my daily entries. And it’s for all of my readers.

Miss Niao has garnered more than 500 views overnight!!!!

Here are the stats of my blog.

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I was elated that my blog post about Richmond could be interesting and many of you could relate as you personally knew someone like him in your own offices.

I would like to express my utmost gratitude to Kyith from Investment Moats. I am an avid reader of his blog as he has achieved so much. As I’ve linked him to one of my blog post, he managed to find my blog and publicized it on a Facebook group called BIGS World – Build Wealth, Live a Good Life. I’ve opening a new blogroll widget on my sidebar to a link to his blog. Check him out if you don’t already know him! 🙂

I hope to continue blogging to be useful to you guys. I’ve actually scheduled my blog posts to be published every day at 10am (GMT +8) so please come everyday to gain more insight about investing, retirement and my life. ^_^

I strongly believe in personal development too. Please leave a comment if you think I can improve my blog in any way. I’ll do my best!

This progress means a lot more to me than you know. 🙂

With sincere thanks,

Miss Niao xoxo.

Passive income isn’t THAT passive

You’ve heard the rave about passive income. You probably Googled “How to make passive income” and “ways to get passive income” before chancing upon this blog.

I’ve been there, done that. After going through many articles and YouTube videos, I am only able to conclude one thing. And I’m about to tell you the sad truth.

Passive income isn’t THAT passive.

Well, majority of the ways at least. What do I really mean by that, anyway? It’s simple. You can’t just get more money by not doing anything. You have to do something. And you have to know what you are doing. Otherwise, you wouldn’t get too far, and your money won’t grow at the rate you want it to.

Let me provide you with a few examples.

Continue reading “Passive income isn’t THAT passive”

The rich man in my office

Today, I’m going to introduce a new person into my blog. Let me do a short introduction about him.

His name is Richmond (concealed his real name for obvious reasons) and he is 42 this year. Ever since I joined the company, he has been my cubicle mate and it would seem that he will continue to be in the same cubicle as me for the rest of my time here. He has been in my company for about 8 years. He holds a senior position. When I first joined my company, I heard from others that he is single. At that point of time, my eyes gleamed with delight as I had a potential friend who was also single that I could introduce to him! Being the typical matchmaking auntie, I decided to prompt him about it.

I’ll never forget how the conversation went. Continue reading “The rich man in my office”

Buying your first stock in the stock market

Investing in the stock market for me has always been something I wanted to do ever since I was 17. Being young and ambitious (and definitely impatient), the word “investing” seemed like a quick way to get rich. I didn’t know what it really meant to invest. The only thing that I knew was to use my existing money to keep it somewhere else other than the bank to generate better returns. This led me to get an Investment Linked Policy (ILP) with a relative of mine which I am trying hard to convince myself that it wasn’t a wrong decision up till today. (Yes, story for another day still.)

9 years later, when I was turning 26, I finally had some savings after being in the workforce for 3 years. Hmm, I think to myself again. I have more than enough to keep me going for some time even if I should be unemployed.

What do I do with the rest of the additional money?

Continue reading “Buying your first stock in the stock market”

My personal financial goals

Seeing how hard it is to actually accumulate the amount of wealth needed to retire at 40 as an average working class, I think it is time for me to define my financial goals. Well, in fact, I’ve already defined them earlier this year, but I’ve decided to record them down in my blog so I can use it as future reference.

So here they are! *drumrolls*


  1. At Age 30, achieve a net worth of S$350,000.
  2. At Age 40, achieve a monthly passive income of S$3000.
  3. At Age 45, achieve a retirement portfolio of S$1,000,000. (and probably be able to retire)
  4. At Age 55, have no more financial obligations. And (fully) enjoy retirement!

I’ll refine the list as I go along.

These goals are important. They set a clear direction for me, and will determine if what I have been doing is working for me. I’ll come back to them frequently to track my personal progress.

That being said, I want to explain my goals in detail, and what I have achieved so far. Continue reading “My personal financial goals”

How much do you need to retire at 40?

As an engineer, I am constantly exposed to mathematical equations. Majority of my day job revolves around numbers and how I make sense of them to design and innovate products that we use in our everyday lives.

It is therefore unsurprising for me to perform calculations on almost any topic that can be analyzed. And I mean it. Like literally. I’m almost afraid that it might be an (secret) obsession of mine. Right off the bat, I actually have a couple of Excel spreadsheets that I think might be useful for the content of my blog. After all, numbers always do matter in the financial world, don’t they?

In any case, the spreadsheets have served me well every time I am in doubt, or I have to make a financial decision. The numbers become comforting for me to fall back on. And sometimes, after going through some analysis and thought processes, the numbers aren’t that scary.

I guess it’s the same with having your finances in check. Once you learn how to control or manage your money, it slowly becomes a habit. And then, you realize it isn’t all that difficult after all.

So right, I said numbers. So here they are. Continue reading “How much do you need to retire at 40?”