Why I'm Starting a Business After Living Below My Means

Recently, I noticed something interesting. While many people struggle with rising costs, I've remained financially comfortable. This made me stop and think: why am I not feeling the pinch like others?

The answer surprised me. I've always lived a step behind my peers when it comes to lifestyle choices.

  • I still live in an HDB flat when they have upgraded to condos
  • I sold my car and now use only public transport
  • I avoid expensive vacations and luxury purchases

Some might ask: "Where's the enjoyment in life?" Honestly, right now my world revolves around my two toddlers who are both under 3 years old. Between work and family time, there's little room for extravagant spending. And this simpler lifestyle has helped me save significantly more money.

Discovering New Opportunities

With reduced social outings and no big holiday (thanks to my 2 toddlers), I found myself with valuable free time in the evenings. Instead of wasting it, I began asking myself: could I build something meaningful?

That's why I've decided to start my own business.

I'm currently in the planning stages, researching ideas and evaluating opportunities. While it's too early to share details, I'm committed to launching within the next six months.

My Reasons for Taking the Plunge

Financial Freedom - Creating an income stream independent of my job

Future Security - Potential to fund my children's education and other long-term goals

Personal Growth - Challenging myself to create something from nothing

Join Me on This Journey

Will it succeed? There are no guarantees. But I'll be documenting the entire process - the successes, failures, and hard lessons learned.

I'd love to hear from you:

  • Have you considered starting a business?
  • What's holding you back?

Share your thoughts in the comments. If you've been through this before, your advice would be invaluable!

Coming next: I'll reveal what type of business I'm starting. Follow along to see how this develops.

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