I realized I written more about sleeping and cycling than saving and investment here in this blog. This trend sometimes draw questions from friends and family asking “ How come your blog all talk about cooking your own meal, cycling to work and how to sleep well (doesn’t this important)? Shouldn’t you write more about money saving tips, spending strategy, banks with the highest interest rate or which stock is going to be the best performing star this year?”
So, in order to sell you guys the benefit of those, I done a calculation on the numbers involved when cycling to work, cooking own meal and sleep well in night.
My cycling-to-office plan ended after 4 months. I can’t remember why it dies off but I do remember the number I saved during that period. Here it is:
Bicycle cost: S$275
Total cost: S$390
Saving / income:
Saving from 4 months of cycling to office: approximately S$280
Selling price of the bicycle: S$220
Total income: S$500
The end result was actually good for me, saved some money, got some exercise. I earned/saved about S$110 from 4 months of cycling and I am only talking about journey to and from office. During that 4 months period, I also used my bicycle to visit my friend who stays 20km away from me. So the total saving/earning could be more than S$110.
After went through the saving in absolute number, let’s look at the number through the eyes of investor. Let’s calculate how much money we need to save and invest to support this S$70 per month expense.
Investment return from cycling
Assuming our investment gain is 5% per year and it remains stable throughout your investment years. To get a positive cash flow of $70 per month, you need:
(S$70 X 12) / 5% = S$16,800
That sure sounds like serious money to me, S$16,800. It is not longer some trivial expense you always thought when you calculate them from the angle of investment gain and the amount needed to fund them. How long it took you to save up S$16,800? Or when are the last time you saved up S$16,800?
2. Cook Your Own Meal / Sleep Well
When it comes to benefit of cook your own meal or sleep well, it is more than number. Besides the obvious saving from lower food cost, lower entertainment and lower medical cost you get to enjoy life.
What do I means? I means you get to control what are you feeding your children with, I means you get to spend time with your parent while they giving your advice on how to stir fry that vegetables (I sure get many friendly advice from my mum), I means you will be in better mood when you are meeting your friend, talking to your husband/wife and I means you will be performs better at work.
What Should I Do?
If you are convinced like me, have not much talent in cooking but like to try out this cycling/cooking/sleeping business, one almost confirmed guaranteed failed formula will be try to implement them all at same time.
Just do one thing at a time, if your office is very far from your house, don’t cycle to office then, cooks some simple healthy lunch for yourself. If you absolutely hate exercise and cooking, don’t do it, just go to bed half an hour earlier than your usual sleep time or ever 15 minutes is good enough. Just do something.
So, did I convince you why am I writing so many posts about cycling, cooking and sleeping?