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How I would do a $5 a Day Challenge. (and some nonsensical budget planning)
By Investment Moats  •  March 17, 2019

Some of my friends alerted me to this post where they quote what I have written.

The lady, Marianne, loves a good challenge. 

So she proceeded to see if she can survive on $5 a day. By all accounts, she failed.

She cites the great Financial Samurai who said that if you are not hurting while you are trying to save, you are not trying hard enough. 

And then proceeded to throw me into the mix by saying I advocate a 70% savings rate. 

Now, if this article was posted on ChannelNewsAsia I would have gotten some serious burn. It is sacrilegious to suggest that you could save more than 30% in mainstream media because it is so out of the norm.

People will proceed to find any chinks in the armor and attack at any of my weaknesses:

He is single doesn’t have a family to support He earns a...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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