Good stocks to invest – Freegan, Dumpster Diving and Financial Security, Independence

Good stocks to invest

I can’t remember well, but…

When I was in secondary school I used to do something with mum.

We were not very poor then, but money was tight.

So I asked my mom whether we could make more money by collecting the pamphlets and papers littered on the floor around the letter box around our old estate in Yishun.

If we collect enough, we may be able to make more of how much we usually sell to the karang guni man.


My mom accompanied me in these trips late night to stuff a bunch of papers into bags around the estate.

She probably think doing this was ridiculous but she still do it together with me.

Sometimes it is not talking down how idiotic some of your children’s ideas are, that eventually they build that habit of exploring and trying to create things.

And I am thankful that I have this memory of her doing this ridiculous money generating endeavor with me, now that she is not around anymore.

Of course, she accidentally also created a monster that is half miser/half frugal.

How do you get Food when you have No Money?

And so this monster sometimes think of ways to lower his expenses, some of them rather extreme.

Every day when I get off from work, to the MRT station closest to my home, I will passed by a coffee shop.

Few weeks ago, I was wondering.

There are many folks that go round to different tables or beg for some money so that they can buy food.

If they are so desperate for food, why don’t they wait until people leave the table and take the food people left over so that they can eat it?

Perhaps the most gross part is that people’s saliva is in there.

But can the poor be choosers? I think they could.

And in this instance it shows. There is a certain level that you won’t go down below.

Asking for money might blemish your dignity, but perhaps hygiene and eating left over food is a strict no no.

My Connection with Dumpster Diving

If eating what people left over in eateries too radical for you, then perhaps finding food and usable stuff from other people’s trash might go down better with you.

Dumpster Diving is a culture of going through what other people do not want (in this case dumpster) to find things that are of value to you and others.

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The most thought provoking article that brought this to my attention was this Wired article.

What happens is this guy made a business out of picking other people’s trash.

There are a lot of departmental stores that had to throw away out of date electronics and equipment. They throw them away due to various reasons.

However, for Matt Malone, dumpster diving and then selling them off, has net him a higher per hour salary than his day job.

And his day job, founder and security specialist at Assero Security is a 6 figure a year job.

My conclusion from that article is the same as the writer:

  1. there are a lot of trash in the USA, but perhaps also because the sample size is much larger
  2. this might border on being illegal

With our local market place such as Hardwarezone Forum and Carousell,  you can see a situation of selling off these trash/gold and making a business out of it.

An Emerging Dumpster Diving and Freegan Movement in Singapore

I thought that in the Singapore landscape, dumpster diving is not possible.

We have too much pride.

We think a lot of how people look at us.

We have a smaller sample size.

The owners tend to be more Kiasu and won’t throw away things like that.

Well I was pretty wrong.

Daniel Tay proved to me that you can find some nifty stuff in the trash around Singapore.

Daniel guided a local Freegan community here and tried to promote Freegan in his own way. (If you wish to explore this with him, you can go to this Facebook Group and request to join there is also a blog on this.)

The motto is to reduce consumerism and spend as little money as possible.

There is 2 profile articles on him recently:

  1. Rice Media: This Man Eats Leftover Pizzas From Trash Cans
  2. CNA: The man who finds treasure, and the secret of happiness, in the trash
  3. Today Online: Sunday Spotlight: Dumpster divers to the rescue of ‘ugly’ but edible food


Daniel is linked to the topics of Investment Moats in more ways than you know it.

He is a 38 year old financial planner, who is semi-retired. You can find him regularly contributing at a local Facebook Insurance Group.

He confessed in the article/video that in 2009, he was diagnose with a major depressive disorder.

His trigger is that he worries about not having enough money.

In Nov 2016 he attended a financial sharing session and was introduced to Freegan and have been doing this since (which is not too long ago)

Freegan, Dumpster Diving and Financial Security, Independence

Daniel said this in the video:

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That is a bold claim.

And this coming from Kyith who himself have some radical thoughts at times.

In one of his Quora replies on How much money did you have when you finally felt like you had enough, he explains a little how all these got started.  :

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I still don’t know the maths behind it, but perhaps they could really get everything for free. And if you understand the wealth formula, you will know that might be possible.

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If we look at my Wealthy Formula, the key is to increase your income, but also to optimize your expenses so that you have a net cash flow to build wealth with.

Eventually your wealth machine(s) can distribute an annual cash flow to cover your expenses (more on how much you need for security and independence).

Perhaps Daniel is not referring to perpetual retirement (he is after all semi-retired) but that conceptually, freegan can bring you closer to that state of independence.

For example, your annual survival expense is $24,000. If you are able to reduce it to $15,000/yr, you need less wealth to reach the state you are aiming for (since how much you need very much depends on your annual expenses).

 

I wouldn’t call folks practicing freegan as financial independent. They are still dependent on someone giving them their resources and supply. If you have a sugar mommy, you are not financial independent, you are dependent on her.

Could you get a lot of things for free, possible.

We read on.

It seems many join in due to their frugal nature:

good-stocks-to-invest-in Looks like there are ladies that are frugal out there.

In the case of the semi-retired Daniel, he was able to shift his expenses from SG$2000 to SG$1000. While he gives some explanation, his answer on Quora is better:

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In another answer, he breaks down why he would say he spent $0 on food (which I still cannot believe):

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The idea is not whether Daniel is telling the truth, but that:

  1. many of the things you need, is no different from others
  2. so what if others can provide to you when they don’t need it and still usable
  3. how do you go about finding them
  4. how high is the competency to consistently do this
  5. how much is the search cost

There will be a subset of you that say, this is too much work and that earning more and making your “passive income” huge should alleviate this. That is fair enough.

But I hope you never have to be challenged to find out where your limits are.

Freegan is partly about Practicing Poverty

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The Roman Stoic philosopher Seneca the Younger advice people to practice poverty, and in this piece, the author shared that practicing poverty is not just in physical nature but also in the mindset.

We realize what is stopping us from doing it is because there is no need to but what would “other people” think of us if we do it.

Thus its not just a physical challenge to spend a period of time living very very simply but also a mental challenge for yourself.

Daniel mentions that you have food nutritionist (I am curious what nutritionist have to say about this culture), piano teacher, assistant professors, engineers willing to get their hands dirty to do things like this. And he is leading groups of NUS students to do this.

Learning and experiencing the amount of waste we throw away, what can be picked up, and how these can help those that really need it, are good to shape a generation of future leaders that eventually will form citizens in this country that could drive change.

Freegan is a Skillset that can be Taught to those who needs it the most

The people that needs this skill set the most are the people not practicing poverty but the folks that are struggling.

Back when we were picking up scrapes when we are young, nobody gave any advice to my mother and myself on where to search for valuable stuff.

Knowledge is rather powerful, and so are training courses (whether they are paid or not).

Had someone been taught these skills their lives would be drastically better.

Daniel and his Freegan Community routinely give away (90%) what they find to those folks that need it the most.

This is similar to the kind souls who approach bakeries in Singapore to volunteer to give their left overs to the people in need.

In urban culture, we have all these wastage and someone else could be crying out for them.

Freegan Community and Minimalist Community Meetups are Areas to Find Like Minded Partners

One of my friends commented that if you want to find a partner that shares close values with you, you look at interest groups you belong to.

In this case, if you are the frugal sort who are intentional with your goals, these Freegan hunting trips are ideal grounds as the people tend to be more open minded, intentional, likely frugal, have less of a “princess syndrome”

Summary

The food stuff that was picked up consist of packed processed food, food from bakery and unwanted vegetables.

I have a thing against processed food or gluten based food, and that was shared in my experience meal prepping. There is also the worry that wouldn’t the cost of medical attention if we get food poisoning from eating these unwanted foodstuff make it less worthwhile?

I am sure Daniel has his own nuance explanation of this.

However, the more I think about it, the more I find that if I am still able to make this choice, it means that I am living in a luxurious lifestyle because there are folks who don’t even have this choice.

What Freegan did the most was to highlight the excess in this urban society more than anything else.

Majority of Singaporeans are in this hamster wheel that can fend for themselves, but there will be a greater wealth divide if the government don’t watch it.

You will have a group of Singaporeans that owns all the condos and the wealth, and then an extreme case where Singaporeans cannot catch up with the cost of living as they can’t get a productive job in Singapore. It gets worse for them as technology, automation and AI starts displacing them.

If you are not agreeable to Freegan, one day, if you are not careful you might fall into a situation where you need Freegan more than the person next to you.

I end off with some of the stuff the Freegan community picked up in the past.

This article is part of my series on Redesigning your Life for the Better. You can read the rest of the articles here.
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A lot of vegetables. Some of their favorite haunts are the Pasir Panjang market

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this much flour, gluten carbohydrates will make you gain weight and other issues, but they can fill a lot of people’s stomach

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i cannot understand why folks would throw these away

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pen refills

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past expiry date, but i remember we were having shortage of it not too long ago.

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