His first salary in Jakarta was S$150 a month. He saved 40% of it. Eleven years on in Singapore, he sits seven or eight years out from a S$2.5 million FIRE number, with two kids and a helper.
Meet Deka, the Indonesian professional who built 630,000 subscribers in eighteen months teaching the thing his banker friends in Jakarta had never heard of: index investing. No gurus, no hot tips, no McLaren on the feed. Just a fixed split of every payday, half of every bonus into IBKR the day it lands, and a household that runs on one salary.
Deka breaks down how he outsaves his childless Singaporean friends, why he moved his largest position out of CSPX and into VWRA, and what S$2.5 million looks like once you take CPF out of it.
If you assumed FIRE in Singapore belongs to couples without kids, this is the counter-example.
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The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions.
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