Honey,
Not sleepy. So I decided to have a chat with Sarah:
I slept a lot during the day and I am not anxious to sleep right now. The nicotine withdrawal probably had some effects on my sleep pattern these next few days.
I am just going with the flow right now.
Both you and Els had said yes to Songkhla 2030. Basically, the gist of it is I had decided to infaq 60% of my money to my wives. I am *no[w] (not) worried at all about this decision. I had weighed my options carefully.
* As you can see I am doing this out of my free will. I am no longer interested to live life on the hedonic treadmill. So I might as well spend on charity. The best form of charity is the one that begins at home.
What are other possible permutations? Well, I can give Lizzie half. How much money does she need? Already she is a high net worth individual with what she has now. Anything above that will not make much difference in terms of her utility. With the extra cash, she probably has better health care. Lizzie is not the splurging type.
The kids will get their inheritance when I'm gone. Until then, they already have financial stability with their earnings. Instead of me giving to them, it's them giving back to me and Lizzie.
Since we don't borrow, we don't accumulate debt. Maybe we don't think like the millionaires (they leverage on OPM) but our lives are less complex. Not only that, since we don't borrow, we are also cash affluent. Not much but all our basic needs are paid for.
It is a life of modesty and gratitude. Considering that we live below our means, our lives are really a blessing. None of us in the family have money issues.
In my case, I don't work to earn a living. I work because that is my Ikigai. Since it is Ikigai, work is a form of self-expression. If you watch the podcast I made with Pal, since the beginning of my career I was not a person who enjoys hoarding money. I like making money but once I made it, I will only keep half. The other half is *[] (for) a good cause.
* In this case, giving 60% to my wives is a worthy cause. To understand this you need to have an abundance mentality.
I had not really decided whether it is 50% or 60% However a 50% will look like this: 50:18:16:16 while 60% will look like this: 40:20:20:20. So if it is RM1 million the difference is between RM160 k and RM200 k.
My thinking is if it is close to RM2 million, we do the 40:20:20:20 spread. That's because I need a broader base for myself if it is skewed towards RM1 million. Hence as I told you, I expect you to have your provision as well. Just in case the number is leaning towards the lower end.
As mentioned, RM2 million is a plausible figure. Nothing to *shou[ld] (shout) about but at least you'll get your seed from there. This is different from 2017 where we planned to sell the IP.
* Thank you, Sarah. This is my best-case scenario. So as long as we all Ikigai, we will not get sucked into the financial black hole.
When I say you'll get your seed from there, I mean is as capital to leverage on the next venture. As much as possible avoid borrowing.
Just to give you an idea. Princess learned to sew (she actually bought a sewing machine) because her retirement plan is to buy a house on an island and sell tailormade beach clothes.
She decided to invest in a universal skill that will always be on-demand wherever she lives.
If I have RM500 k seed, that is equivalent to RM25 k interest earned a year. I would say that *[] (is) anytime better than *[] (what) I am doing right now. As it is I hardly use cash.
* You see my point baby? I give you the seed and [] (all) you got to do is leverage just a bit. We have several options to explore.
The most important thing is to NOT ACCUMULATE DEBT, Hey remember when we were in college? We were not financially well-off but because we didn't have debt, our life was thriving.
I'm not worried about you and Els. Both of you are very frugal. What is important is to keep on having a continuous income. Otherwise, then be superfrugal and live below your means.
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You know Sarah, for the past one year I had managed to detach myself from being dependent on money. The pandemic also acted as a deterrent.
Now, I'm not by any means a miser. All I am saying is I am becoming aware of my expenditures, No more maverick purchases.
Bear in mind, money in the pocket is an asset, money out of the pocket is an expense. Therefore as much as possible, make sure the purchases are justified.
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To some people, what I am doing doesn't make much sense. The way I look at i[s] (it) I am extending my commitment as a husband to the two of you. As I said, both of you are my wives for eternity. I might as well put the money where the mouth is.
Both of you don't have any obligation whatsoever to reciprocate my action. I am willingly doing this because as your husband I want to be just.
I don't expect you to understand this desire for me to give. Just like I don't expect you to understand why I infaq 50% of my wealth to help the poor and the needy. I am a Sufi through and through. My number one character strength is love followed by humor, forgiveness, and prudence.
It's 4:15 am. Time to sleep.
Bye now,
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