Ok so I'd like to make this clear to readers else some folks may say Early Retirement SG is cheapo.
When I say cheap, I mean of good value.
Meaning utility value is larger than price.
It's not to buy or consume purely products of low price.
I use a XiaoMi phone. It costs around SGD150. This is cheap for the utility I get from it.
As compared to a Samsung phone which might cost SGD500. I'm running the same Android OS on similar hardware.
Cheapo would be maybe getting an old Nokia phone which has no internet.
You could probably get one at SGD20.
Or when I eat steak.
I will buy ribeye or tenderloin cuts. Which are 2 of the more premium cuts of beef. But I will cook it myself. These cuts are pretty expensive.
But I compare this to going to a restaurant to eat which may cost SGD30 per person and I do not get these good cuts.
Alternatively, cheapo would be to get the cheapest cuts of beef which may be tough and hard to swallow.
I use a Philips 40" TV. To me this is good value. It costed me around SGD400.
As compared to a Samsung 50" TV, I get a similar utility for around half the price.
Cheapo would be to get a 23" Akira TV which I would need to strain to see from my sofa.
Akira TV's are also not as sharp in terms of picture quality.
So just to be clear, when I say cheap in this blog, it typically means the product/service is of better value relative to the alternatives which I know of at that point in time. It does NOT mean to get a poor quality product for an extremely low cost, rather it is to get as high a utility from that purchase for a reasonable price.
Like going for a nice steak at Knolls@Capella. Using the Entertainer App, I can get a nice cut of tenderloin with a nice slice of foie gras for SGD36 for the both of us. This is not cheap per se. But rather of good value for a nice steak at a restaurant.
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