“The plans of the diligent lead surely to plenty, but those of everyone who is hasty, surely to poverty.” ~ Proverbs Now we have a vision of achieving financial success, I am going to suggest these following milestones as a checklist to work towards achieving financial success and becoming good stewards. Step 1: Accumulate Liquid assets worth 6 month of monthly expenses for security and purchase insurance to cover accidents and …
Read MoreI am committed to be Rich, but don’t expect me to do anything…
I would like to share with you 2 stories. Story 1: In 2008, due to the lack of exercise and overeating, i began to gain some weight. I decided to go on a regime and within 7 weeks, I loss weight and gain the body i am satified with. My friend (lets call him Hanson), asked me how he too can achieve the same results. I quickly sat down with …
Read MoreAre you a Financial Baby? (How Financially Mature are you?)
As an author on Money, people like to talk to me regarding this ‘$ubject’. Some people ask me how to have more of money, some asked me why have I choose the path to evil since money is the root of it. Different people have different perspective of money. Not too long ago, I was talking to a person who was close to me and was trying to convince him …
Read MoreThe illusion of Financial Knowledge
In my book, “Winning the Money Game”, I shared a story about a friend named ‘Fred’ (not real name). He was asking me how to start managing his finances and how to invest. This type of question usually will get me on fire, because I was excited about this topic. I began firing off a series of tips and personal experiences to which most he merely answered, “I already know …
Read MorePASSIVE INCOME 101 (Part 2) – HOW YOU TOO CAN BE FINANCIALLY FREE
Dear Friends This is Part 2 of a series of articles that I will be writing. In case you have missed out Part 1, please read the article at https://www.investment-in-stocks.com/financial-intelligence/passive-income-101-part-1-how-you-too-can-be-financially-free before you continue to read. Done reading the above article? That’s great. How should you get started now. I will provide some simple steps as a guide for you based on my personal experience: Step 1: Which area of investment …
Read MoreINVESTMENT 101 – Do Singaporeans Invest enough?
I would like to share a Singapore Financial Literacy Study done by MAS in 2005. One of the segment that touched me was when it was found out that 67% of Singapore (based on the studies), does not invest. Below are the reasons given by the respondents who do not invest. I would really encourage you to see if you have any of these reasons. Source: http://www.mas.gov.sg/resource/news_room/press_releases/2005/Financial%20Literacy%20Levels%20in%20Singapore,%20Full%20Report.pdf ]If you are …
Read MoreINVESTMENT 101 – Would you want to lose $20million a day?
The costs of grounding Qantas is A$20million a day. That is about $SGD26million a day. 1st Question: Would you like to lose $26million a day? 2nd Question: Would you want to own a business that loses $26million a day? One of the criteria Value Investors look for in a business, is for a business that will not be easily crippled by its labor force. The airline business, unfortunately has a …
Read MorePASSIVE INCOME 101 (Part 1) – HOW YOU TOO CAN BE FINANCIALLY FREE
Dear Friends Great that you are reading this. Starting from this Part 1, I will share in a very practical way how you can GENERATE PASSIVE INCOME and be financially free. I was training about 120 air force personnel this afternoon and when I shared that I could stop work any time and still get paid, most of them stared blankly into space and one of them ask me “How is that …
Read MorePersonal Note: When The Hype BITES
Hi, Today I would like to share my experience regarding “Hyped Up” advertisements! Fortunately or not, I do not yet have the ability to display my feelings through my writing, otherwise, you will be able to feel my anger, frustration, compassion and disappointment. For those who have read my book, “Winning the Money Game”, you would have read on the part where I started venturing into the stock market after one of my …
Read MoreMaking a Killing In the Stock Market?
It is commonly said that the stock market is like a jungle of animals. There are the bulls describing situation when markets rises or even people who aims to make money when market rises. There are the bears, situations where market falls, or people who speculate the fall of the stocks to make profits. There are also the sheeps, people who follow the crowd. The saying goes that the bulls …
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