Donating 100% Ads Revenue Going Forward!

Happy New Year everyone! Let's all work hard to make this year a better year!

We started the blog with the plan to document our FIRE (Financial Independence Retire Early) journey by 40 and I am proud to share with everyone that we have achieved the FI part this month! This means our passive income has exceeded our expenses and we can technically retire early but only one of us (CZM) is going to do that. Shall blog/share more information of our plans in the future when things are confirmed.

We have reached a stage where we are now comfortable with donating some money. In fact, we were contemplating whether to do it last year but the level of comfort just wasn't the same, hence it didn't happen. To be honest, we are very fortunate that we were not impacted by the pandemic, Baby Ong is growing up healthily and our wealth grew a lot during this period (mostly from crypto). The least we can do now is to donate and help the less unfortunate.

As a result, we have decided to donate 100% of the ads revenue from our blog going forward (I will round it up to the next hundreds). For the year 2021 (Dec 2020 to Nov 2021), our blog generated SG$559.02.

We have decided to donate SG$600 to these 3 charities:

- Children's Cancer Foundation
- Canossaville Children and Community Services
- Singapore Children's Society

Yes, the common theme is "Children". Ever since we have Baby Ong, I got to say our mentality/mindset have somewhat changed and we just hope that our donation will be able to help the less fortunate children as they definitely deserved better!

Full transparency - I will be getting a SG$1,500 (SG$600 * 2.5) tax relief which will translate into SG$172.50 tax savings (at 11.5% income tax rate).

Oh. For those that are in Terra, we have also donated US$108 to the restore earth campaign - https://finder.extraterrestrial.money/mainnet/tx/05687EE9DA7F6F4F9FF999000527E8484779E2D4565EAA629E4F1D4B4CAD38C6. 

Maybe I should set up a "KPO and CZM Anchor Fund" similar to the Angel Protocol using my tax savings for those 3 charities. How cool is that - a donation that will keep giving forever. Shall KIV this idea first. 

Hopefully, 2022 will be another great year! Huat ah!

On a side note, Futu's moomoo app sign-up promotion is slightly different every month (AAPL shares, cash coupon, etc. Do read the T&C here for more information). If you have yet to open an account, you can do so using our referral link :)

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