Author: SG Wealth Builder

Personal Finance Expert, Dennis Ng, passed away

I was shocked to learn that Dennis Ng has died suddenly of heart attack on 26th July. Dennis was well-known in Singapore to be a personal finance guru. He was the author of bestsellers, Mastering Your Personal Finance and What Your School Never Taught You About Money. He was also the co-founder of HousingLoanSG.com, an independent mortgage consultancy portal. This article is dedicated specially to the man who have contributed greatly to personal finance literacy in Singapore. I read from fellow bloggers in the investment community that he was someone who was willing to share his financial expertise and...

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Special appeal to all Singaporeans to support Adelyn

Many times, we took our health for granted. It is only when we lost our health, then we truly appreciate the beauty of life. I chanced upon this blog by a Singaporean girl called Adelyn Xinhui. She is born with cornea defect. I think many Singaporeans would recognise her face as she appeared in several Mediacorp charity shows before. Xinhui has just released a music album, hoping to raise money for a cornea transplant operation. The operation cost more than $40k for each eye. Please read her story in (http://adelynxinhui.blogspot.sg/). In a gesture of support, my wife and me...

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Robert Kiyosaki & SG Web Reviews

In recent months, I have been receiving enquiries from media and event organizer looking to promote their events on my blog, SG Web Reviews.One of them was an event organizer who wished to promote Robert Kiyosaki’s event “The Power of Financial Education” held at Singapore Expo, June 2012. I was approached a couple of weeks before the event was due to take place and was at first a bit skeptical. I mean my blog, SG Web Reviews, is not even a popular investment blog in Singapore, so why would the event company chose to promote their event in it? I told my...

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A new milestone for SG Web Reviews

SG Web Reviews stormed past 51,000 pageviews today. This is a new milestone for my blog and to be honest, I am very pleased that my blog’s readership has been rocketing over the last six months. Although I started this blog three years ago, I stopped blogging for quite a while in 2011 because of work commitments. At the end of 2011, pageviews for my blog was 8500. The increasing popularity of SG Web Reviews is a compliment to me and serves to reinforce in me that I am going the right direction. I hope that by the end of this year, my...

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My views on Ascendas Hospitality Trust

I am no stock analyst but yesterday one of my readers emailed and asked about my views on the Ascendas Hospitality Trust impending IPO. First of all, investors need to know that Ascendas Hospitality Trust is a business trust and not a typical real estate investment trust (Reit). In this case, about 80 percent of the assets will be in the business trust and 20 percent in the Reit. To be honest, I am not sure how business trust works and normally if I don’t understand a business model, I would not invest in the company. This is not...

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How the rich make their money

It is often said that the rich becomes richer and the poor becomes poorer. Globally, the issue of social gap is entrenching in many cosmopolitan cities. Even Singapore, which is home to one of the largest concentration of millionaires in the world, is no exception. One of the key questions is how did the rich make their money and preserve their wealth in times of crisis? In one of the financial workshops I attended recently, the consultant briefly shed some light on how the rich made their fortune. Every now and then, you would have heard about investment themes...

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Spread some good on Social Media

This article was posted with prior permission from the original blogger, Dennis Toh (www.youngmarketersg.blogspot.com): Dear Peeps, I am starting a cause which I strongly believe in. Do help to like and spread it around. More information about this cause: Spread some good on Social Media is an initiative to remind Singaporeans and everyone to build a positive and healthy social media environment. We are seeing an increasing dependence amongst the young and old on social media and mobile phones of late; we log on to facebook everytime we access our laptop, we check our status updates on our mobile...

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Dealing with setback

Recently, I have been doing a lot of reflections. Something nasty happened to me and set me thinking whether I should continue blogging. When I started this blog three years ago, my intention was to chronicle my investment journey and captured the important lessons learned. I hope to document down these lessons, not only to serve as a reminder not to commit the same mistakes again, but also to share with my readers my investment journey. It was never my intention to offer any form of investment advice nor to induce anyone to buy financial products. I feel that...

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The Bad Mood Fund

Recently I attended one financial planning courses sponsored by my company. It was a short two days course that touched on personal financial planning. One thing I like about the course is that the instructors focused on educating the participants rather than pushing financial products. That was why I enjoyed the course because I did not have to second guess whether the instructors was biased in his recommendations or whether he was trying to hard sell his company’s financial products. At the end of the course, I learned quite a few things and thought that I just have to...

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So you want to become rich in Singapore?

In my previous blog, I mentioned about how to become rich in Singapore. One of my readers, Eric, replied that most Singaporeans faced the “need” to be “rich” now rather than in their fifities. While I agreed that most youth nowadays want instant gratification and quick results, I cannot agree that being rich is a “need”. Rather, the desire to be rich is a “want”, rather than a “need”. It is important that readers differentiate the difference between needs and wants. I shall proceed to elaborate. In life, we can have many “wants”. We can desire for new and bigger...

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How to be rich in Singapore

 How to be rich? How to be rich quick in Singapore? A few months ago, I wrote an article on how to become rich in Singapore. The articles has since garnered more than 2500 page views and remained one of my most popular postings. The article has also received several feedbacks from my readers. I suppose at the back of most Singaporeans’ mind, most of us wish to know what is the shortest route to being rich in Singapore. I shall attempt to discuss more about this topic. I always pondered aloud, what is the defintion of being rich in...

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Your relationship with money

Different people have different concepts on financial freedom. Some people define being financial free means not having to work or free from debt. Some people deemed being financial free as doing what you enjoy for a living. Whatever the case is, it is important to define what your relationship with money is. Is your relationship with money based on fear, greed or ignorance? I came to realize that if we do not establish our relationship with money early on in our life, then we will forever have unfinished business with money. Allow me to elaborate. Most people’s relationship with...

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Creating Sources of Passive Incomes

Lately, my wife has been asking me what does passive income mean and how to create our own sources of passive incomes. To most working adults, the concept of passive income can be quite alien or new, especially for those who are not financially educated. This is because most of us were brought up with the conventional thinking that we should study hard and then secure a good job that pays well. There is nothing fundamentally wrong with this traditional thinking but following this route will probably not set you on the path to financial success. In today’s context,...

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My views on the job market in Singapore

It’s that time of the year again when local fresh graduates enter the job market. I still remember the trepidation and fear I had when I graduated 7 years ago.  On one hand, I was pretty excited about having an income, being financially independent from my parents and having my own purchasing power. On the other hand, I was also worried about securing a job that comes with great prospect and good pay. Many jobs but one career First, the good news for fresh graduates: in this day and age, it is okay to job hop. The older generation...

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Difference between miser and smart spender

I always like to browse through some of my fellow blogger’s postings. I find many of their postings informative, useful and at times, engaging. In fact, some of their work help to shape my current philosophy on life, personal developments and investments. I am just so glad to have embarked on this learning journey because it just keep making me become a better person. One of my favorite blogs is Janny Cole’s “How to be Rich, Happy and Free from Scams”. One unique aspect of her postings is that she covered both United States and Singapore financial tips and...

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