Recently, I had a blog on three attributes of a wealthy peasant.
Prudence.
Pragmatism.
Patience.
We don't have to be smart and we don't have to make a lot of money to become wealthier.
However, we should be prudent, pragmatic and patient if we want to become wealthier. (See related post #1 at the end of this blog.)
Charlie Munger certainly thinks it is a no-brainer and so do I.
Tax deferred account? In Singapore, we have the SRS but try to take full advantage of the CPF first.
I like to think that I have been prudent, pragmatic and patient in the last 20 years.
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See related post #2 at the end of this blog. |
Yes, at the ripe old age of 45, I am showing off my CPF savings graphically.
Of course, I have always said not to use me as a benchmark because all of us have different ......