Let's have a bit of fun as the year comes to a close. Cash flow versus net worth, which is better? Well... Gold digger If I am a gold digger, I'll definitely go for net worth - especially if he got a 40 million dollar landed property. Look, it's much easier and natural to whisper to him during "pillow talk" to have my name added to the title deed. Now try doing that with a partner who is asset light (rents a penthouse condo) but have a 5 million dollars annual salary... "Dear, can you include my name in your bank account?" Now that's a little too obvious, isn't it? Wages, salary, and remuneration Would you prefer to have a 10 baggers in 10 years with no yields; or no capital gains but you get 15% yield annually for the next 10 years? Let's put this question in another light. Those of you who are working in the corporate world, you know you have it good when you can negotiate your remuneration in annual terms. Now who wants to be paid in weekly or daily terms? I am paid in hourly rates for my weekend job :( (Consultants and lawyers who charge by the hour don't you pretend to cry crocodile tears... You know you will jump at every opportunity to sign a retainer agreement whenever possible!) Those who have applied for Alibaba IPO may know of Joseph Tsai from Taiwan. He gave up his US million dollars annual salary to join Alibaba in its infancy 15 years ago in exchange for the equivalent of SGD100 per month salary - and of course a share of Alibaba. Now, if you just have graduated and have 2 job offers - one from a brand name MNC that pays $10,000 per month; the other from a unknown startup that pays $1000 per month but with stock options - which would you choose? One has good, better, best cash flow from the get go. The other sucks in cash flow but offers the opportunity if you are lucky, you could be an instant millionaire if the start up survives and thrives with an IPO 10-15 years later. So how?

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Singapore Man of Leisure (welcome to my blog; just google it!)