interesting idea

I tend to worry about money. So my hubby's latest bill is causing me some anxiety issue.

Read a blog where in order to live happily, to deem any money or time loss as a donation. This resonated with me, i immediately feel alot better thinking of the 36k as a large donation to society/charity.

36k bill

My husband's bill turned out to be 36k cash. 

How to tackle this huge bill, I intend to do an instalment plan 18 mth or 36 mth instalment.

Will email hospital to see if can nego on the instalment.

ICU

My husband was admitted to ICU on Tuesday (12 April) morning. I was woke up by him to call an ambulance for him as he was very breathless. I didn't accompany him to the hospital because I need to settle my dogs which were locked in my room then.

After my husband was sent off by the ambulance, I waited for the doctor to call. Shortly after the doc called and I made my way to Changi Hospital A&E.

There the doc suspects a heart attack/failure which caused water to build up in his lungs. He was place on a ventilator and sedated.

I remained in the hospital, waiting for updates. Went to wait by the coffee shop, I downed 5-6 cups as I didn't sleep that night. In between, I made a trip back to my house to clean up the toilet for the dogs and after that, my mum and sis helped to jaga my dogs while I was in hospital.

In the hospital, a lot of time was spent waiting for docs to call me or nurses to update me. I only managed to see my husband in ICU at around 1pm. 

It seems like the trigger was his heart valve issue. It seems like it is inevitable that he has to go for open chest heart valve replacement.

But I doubt he can tahan it.

This means potentially looking at 80k hospital bill (1st 40k already incurred). 

Hopefully with the sale of the car, I can get back 20k, plus my 25k on hand. I will need 35k which I could try to save in the next 1 year.

I know I tend to obsess over monies woes and this 80k bill has been constantly on my mind. I decided to write this worry down so that months or years later, when I revisited this blog, I can then see how I have fared.

I jotted down this action plan, which is to save 3k for the next 1 year.

40k cash bill

My husband is going for a tavi surgery, cash outlay is estimated at 40k. Rest are subsided by govt, medishield life 10.8k and medisave 5k.

This means I wont be able to reach my goal of investing of US$20k into stocks.

Only have 20k on hand. Has to save up and pay in instalments.

Raise

I got a raise from April onwards of around 300. Has increased my monthly savings rate to $2400. Hopefully can keep it this way.

Savings

For savings, I used the automated transfer move the saving from my salary crediting bank account to another bank account. This has 2 benefits, I will not be tempted to spend the money in the saving bank account because it is out of sight, out of mind. Secondly, I do not need to remember to do the transfer since it is automated. 

Investments

After accumulating the funds in my saving bank account, as and when I am intending to buy stocks, I will then take a look and determine how much I could invest. 

Ever since the start of this year, I have been buying US stocks. I intend to continue to do so till end of this year. Goal is to invest US$20k (10% of portfiolio) in US stocks.

How far from COAST FIRE?

Currently my portfolio stands at S$262k (not including market gains). I used cost price to calculate this. 55k CPF funds invested.

To meet COAST FIRE, I would need passive income that can pay 50% of my expenses (3k a month). Assuming my portfolio returns a 4% dividend a year, my annual dividend is 10.400 which is 870/month. I am still 630/mth short of my target, which translate to needing 190k more. Goal is to reach this in 7 years time, meaning saving 27k a year, which can be reached as I am saving 2400/month.

Any chances I could reach FIRE faster?

Yes, if the following events occurred

1) Keppel corp share price reaches to 15/share

2) Singtel share price reach above 5/share

stocking up more citigroup and coca cola

Stocking up on more citigroup (20 shares) and coca cola (20 shares). 

I have gotten a promotion at work. Fewling unreal and apprehensive about it. It would mean more work.

I am having some anxiety and burnt out. And expecting more stress.

Today was my 2nd counselling session, feeling abit better.

Need focus on how to achieve freedom in work, just like how I strive for freedom from money.

20-80 rule : which 20% is giving me 80% stress. Which 20% is giving me 80% of my performance. How can I help myself by helping my staff? What systems can I use to further my stuff.

Ali baba

As Ali Baba NYSE continued to drop, I will contine to buy.

I bought 10 shares at 129 in Feb 22. Another 10 shares at 101. Recently the price went down to 77.

I intend to accumulate more shares. Aim to buy 40 shares.