Categorize your Spending and Grow Rich

As soon as Jack receives his pay cheque, a large chunk of it goes to settling his credit card bills. He knows that rolling over credit card expenses is a sure way to the poor house. After all, most credit card companies charge anything up to 24 percent interest (or more) per annum. And you think the moneylenders of old were bad! However, 5 years after entering the workforce, Jack …

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Safeguard your Savings

The 2008 Wall Street financial meltdown that almost scuttled the world financial market was the result of people engaging in trades which they did not fully understand – the so-called experts in government, the banks and the academia of world-renowned institutions such as Harvard. If you wish, check out this documentary – Inside Job – among many other published US congressional findings, articles and videos. *** As usual, it was …

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Brexit and the Singapore Investor

Brexit, Britain exiting the European Union (EU), is all the news now. You cannot open a newspaper, watch news on TV or even surf the usual internet news platforms without getting bombarded by something or another that screams BREXIT. In the media’s eagerness to gain eyeballs and readership, one encounters more and more amusing (I’m being polite here) angles about the consequences of Brexit – mostly forebodings of bad but …

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Billionaires never stop Reading

One primary habit of billionaires is they read a lot, covering financial literacy, investment portfolios and many other topics. Read at least 30 minutes a day. Maximise your time on the MRT or bus. Constantly add to your expert knowledge on personal finance, personal financial planning and personal investment portfolio. When you tire or feel like a break, read other subjects – especially subjects your clients are into – and …

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More to Saving than saving

Singapore has one of the highest saving rates in the world. This is not surprising as many Singaporeans remain deluded and believe that upon retirement they can live on about $1,000 per month. When pressed, they reveal that once they sell their HDB flat and downgrade, then, surely that windfall will be enough to tide them right through. The sad fact is when retirement descends on them, these same people …

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Planning for Success

Planning for success starts with us, the individual, and every successful person plans – and so can you! Start small and the immediate results will enthuse you to plan more. Soon, planning will become a habit. Start with the easily reversible plans – that’s starting small. You make decisions every day, these eat up your time and soon fatigue sets in. Beyond a threshold, subsequent decisions become sub-optimal and your …

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How Family And Friends May Sabotage Your Investments

We’ve trained thousands of profitable investors over the years. Majority of them were not profitable before attending our programs and applying our strategies. That’s mainly because of their friends and family! Huh? Serious? Am I reading right? Those may be some of the thoughts going through your mind now. So let me explain to you exactly why that’s the case… In life, we all have a group of people we …

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Best Personal Finance Tips from Billionaires

1. “When you have money in hand, only you forget who you are. But when you do not have any money in your hand, the whole world forget who you are. It’s life.” ~ Bill Gates, the man with so much money that he makes $250/second, $20 million/day and $7.8 billion/year 2. “The average individual will be a lot happier if they avoid debt” ~ Warren Buffet, the Legendary Investor …

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Who wants to be a millionaire? Part 2 of 2

Still want to be a millionaire, but think you are no longer young enough to achieve it? This is the second part of a 2-part article on how we are able to achieve $1 million. In our earlier article, we had shared how someone in their 20s is able to achieve $1 million in 20 to 40 years. In this second part, we will focus on how someone in their …

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Who Wants To Be a Millionaire? Part 1 of 2

Ever thought about becoming a millionaire? This is the first part of a 2-part article on how we are able to achieve $1 million. In this very first article, we will share how someone in their 20s is able to achieve this amazing milestone. Caution: This will not be a short and easy journey, but will definitely be a very rewarding one. I believe everyone agrees that it is fairly …

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