Hi everyone, thank you for taking the time to read my blog! A bit about myself, I am a current Pharmacy undergrad in NUS. University has been a really stressful experience, and I’ve been focusing too much of my time on trying to achieve good grades.
I recently came across this wonderful topic on personal finance, which I would say has been life-changing for me. I previously did not have a goal in mind, and was just living day by day.
The current COVID-19 situation has toned down the stress in university, giving me more time to pursue other interests besides studying.
After reading articles on various personal finance blogs, I have become more well-versed in the different aspects of personal finance and realised just how important a topic it is.
I was shocked when I saw the recent Graduate Employment Survey which ranked the salary that pharmacy graduates earn as 43rd out of 90!
This was a rude awakening for me as I always had the impression that the salary of a pharmacist would be one of the top few in Singapore since it is one of the harder courses to get into.
This has given me the drive to pursue financial independence. This is different from the FIRE (Financial Independence, Retire Early) movement is being talked about a lot in the Singapore community.
I am focusing more on the pursuit of financial independence, rather than just trying to retire early.
In this video, the man being interviewed pushes people to achieve FI, but not necessarily the RE part, as there are people who find ‘joy and incredible value’ in doing their jobs.
Having a purpose is something that’s really important and it will push you to be the best version of yourself.
So ultimately, retiring early may not be the best path for you and you still can consider working at your job.
The reason why I want to be financially independent is so that I can go to work without worrying about my finances. As a pharmacist, I am working in a fast-paced environment, and I am expected to be alert at all times.
Any lapses in concentration can result in serious consequences to the patient, even death. With one less thing to worry about in my life, I will not be so caught up on trying to earn a higher salary.
I can ensure that I am giving my 100% to my patients and that I would not be burnt out as well.
So why did I start this blog?
I want to share my experiences as I pursue financial independence, both the ups and downs.
There are many personal finance blogs out there, and after reading about their various viewpoints, I have come up with my own and would like to share them with you.
I also wish to break down complicated information regarding personal finance into simple to read articles that the everyday person can understand.
Also, I am currently trying to complete the ‘Fundamentals of Digital Marketing’ course by Google, and eventually learn about Google Analytics. I am hoping to apply the skills that I learnt from those courses into this blog.
What can you expect regarding the next few posts? I will share about the importance of personal finance, and start a series on the basics of financial planning.
Do let me know if there are any topics that you’d like me to touch on and I’ll consider writing articles on those too.
Once again, thank you for visiting my blog. I hope that as I continue to improve my financial literacy, you will be able to join me on my journey and improve yours as well!