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"E-book" by AK

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Layers of financial protection that matter.

Sunday, September 24, 2023

I produced a couple of videos on the CPF MA recently.

I was wondering if I should do it because people are less interested in the CPF these days.

Also, many people think CPF MA is money trapped while CPF SA is money they would get to use in retirement.

I went ahead and did it anyway because I wanted to remind myself of the importance of the CPF MA.

As expected, only a small number of viewers were interested in the videos.

However, they did get some interesting comments.

Someone asked me why didn't I talk about Careshield or Eldershield in the videos.

Well, I really don't care much for Careshield and I only got Eldershield because a friend convinced me that I would be doing my part to bring down the cost of the group insurance by taking part.

AK likes helping if it is not too costly.

I don't need Eldershield and I have blogged about this before.


Regular readers might remember that I blogged about how passive income is the best insurance in life.

Meaningful passive income.

After so many years, I believe that my passive income stream has become a river.

I should have no trouble with meeting day to day expenses even if I should become physically challenged.

However, I do worry about big financial bombs.

A constant stream of passive income is good at dealing with day to day expenses.

It isn't going to be able to cope with atomic bomb events.

This is why I keep an emergency fund.

A large emergency fund.

This is why I supplement Medishield Life with Incomeshield.

I shield myself from huge medical bills which could one shot my bank account.

When working on the blueprint for retirement adequacy, I was very much aware of my limitations.

Some things we need and some things we don't.

Must be judicious.

I want to be sure to have layers of financial protection which matter, and not anything superfluous or unnecessary through being more than enough.

If AK can do it, so can you!

Money keeps flowing into my pockets.

Tuesday, September 19, 2023

Following my last three blog posts, I checked three accounts today.

My bank account.

My SRS account.

My CPF account.


To see how much pocket money I am getting from the recent T-bill auction, the one that took place on 14 September.

People sometimes look down on small sums of money, especially in today's environment of high inflation.

"Walao! $2 only you also calculate!"

$2 is also money.

Small sums of money add up to big sums of money.

Being careful with small sums of money can only help in our journey towards financial freedom.

Don't kick a pup because when the pup grows up, it will come back to bite you.

OK, this is true for regular folks like AK.

For "jin satki" people or high-flyers who make hundreds of thousands or millions of dollars per year, please stop reading.

You have come to the wrong blog.

Still here?

OK, shocking numbers up next.

Anyway, here is the breakdown:

$186 from $10,000 cash.

$148.80 from $8,000 SRS money

$216.16 more in interest income from $52,000 CPF OA money.

So, $186 goes into my current day pocket. 

$148.80 goes into my pocket which can only be unzipped 10 years later from age 62.

$216.16 goes into my pocket which can only be unzipped 3 years later from age 55.

Shocking, right?

Some people might be wondering why "rich" AK bought so little T-bills.

AK is just a regular guy and not "rich".

Why some people don't believe me?


T-bills are risk free and volatility free.

Not a bad way to make sure I have more pocket money now and in the future.

However, I am very aware of re-investment risk as high interest rates might not be around for long.

I will continue to wait for better opportunities to invest for dividend income.

While waiting, there is nothing wrong with getting relatively attractive risk free returns.

If AK can do it, so can you!

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