Hello!! Hello!!!! HellooOooo!! 😃😃😃
I think it’s not too late yet to wish ALL of you, A Happy New Year!!!!
This year is a huge year for me as I’d accomplished most of the things that I want in my life. Wee!! 🥳
It’s been 7 years since I was becoming a minimalist. Below are things I had achieved throughout my journey 🥰
Things I’ve achieved by being a minimalist for 7 years:
- More space for my home: I have sold and donated a lot of my things such as dresses, aquariums, exercise tools, etc. I just recently shifted to my a new home which already has a gym downstairs. So I won’t need boxing glove, boxing wraps, boxing knee pads, barbell etc.
- More savings for mental happiness: When I stop buying clutters, I have some enough money to go to spas, hotels, and resorts. Recently there are a lot of websites which you ca have a cheaper price for entrance, hotel rooms, theme parks. Mental health is as important as physical health too. By being a minimalist, I’m morefocusedg on balancing both my physical and mental health.
- Career goal achieved: This is not easy things to have, but I combined with my faith that to achieve a good environment, good colleagues and bosses and achieving my desire salary. I’m successfully balancing both desire salary with good environment by end of 2024. Alhamdulillah, praise to God. 🤲
- More savings for other property: Well, I have 2 properties now. One of it I rent it out, and another one I’m staying with right now. initially, I didn’t plan to have 2 properties. Luckily, support by our government before, in the year 2021, I managed to get another one property. I was thinking this as backup retirement plan when the retirement money finished, so I have property to rent it out. It’s not easy if you need to repair on structure such leaking pipe, leaking bathroom etc. I’m trying to get rid of one property, but unfortunately, I’m still not success. So, I just rent it and be my backup plan. It’s not urgent to sell too, so I just keep the 1st property as a backup plan.
- More savings for additional retirement plan : Yes, I’m buying another insurance just cover the remaining years, coz for the 1st propert, my loan was for 35 years, however the insurance only cover for 30 years. The second property loan was 35 years, and insurance just cover for 20 years. There is a huge gap and I just buy 1 insurance to cover the missed gap 😃. Other than this, I’m having another insurance which is the maturity age of 70 years old. I still thinking the best way for retirement plan other than the KWSP funds. I don’t think KWSP is enough for a retirement plan due to high raise inflation.
- Focusing on retirement plan: Other than mandatory fund KWSP, I wanna diverse more funds for retirement savings. I have seen, most retirees will go broke after 10 years of retirement. The savings need to beat the high inflation to these days’ economy.
In term of financial, currently, I’m still recovering from renovation my house and insya Allah in the next 1 or 1.5 years,I will recover my finances fully and have a positive cashflow with cash in my hands.
I will share in the next post regarding how I manage my home renovation without being broke. hahaha!! It might be helpful for those in the mid of renovation your houses. Took me several months to plan out my renovation and being a main contractor to my own house.
Till then, to be continued.
Love, Sofia ❤️
My Minimalist Lifestyle 