Reggie at the Financial Coconut interviewed Andy Schmidt, a former Siemens subsidiary CFO, about his unique Singapore experience.
Andy came to Singapore nearly 25 years ago to work and live with his family. Somewhere along the way, he decided to “FIRE” before returning to work.
Older financial bloggers like ourselves would be more familiar with Andy through his informative blog, Taking Care of My Own Business. More popularly known as Tacomob, he has been using his blog as his notebook because he cannot remember what he learned very well.
I find myself using my blog more and more in this way as well.
You can watch the full interview here:
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I met up with Andy a couple of times.
I honestly never asked him about what he did in the past or how he was able to to stop working in Singapore. I simply assume that an Ang Mo like Andy would have his means somehow and that is less important. We have more important things to discuss such as investing, blogging and life most of the time.
You might not want to watch the whole interview but because its Andy, I took notes about what he has to say and you can view my notes here.
The Best Quotes from the Interview
On doing things with kids.
“We realize that anything that we do with the kids before 7 years old, they don’t remember.”
Being aware of the financial mindset shift is needed.
“Once I crossed over 50, I told myself it is not the time for further accumulation but more decumulation. We should spend right?”
On taking care of yourself financially.
“You cannot outsource financial literacy to anyone. You have to educate