Author: SG Wealth Builder

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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What does it mean to achieve financial freedom

In my previous post, one of my readers, CreateWealth8888, commented that my ex-colleague might have achieved financial freedom and therefore resigned from my company without a job. Well, I am not going to dwell on the issue of his resignation reason but I think CreateWealth8888 brought up an interesting topic and that is being financially free in Singapore. Everyone has his own definition of financial freedom. For me, being financially free in Singapore means you need not work but can still live comfortably without having to worry about the bills. And I think this is an important fact. Most...

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The peril of quitting without a job

Recently one of my colleagues tendered his resignation letter. I do not know his actual reason for resigning but apparently he was unhappy that he was overlooked for promotion, so I supposed he quit to register his unhappiness. As he resigned in an abrupt manner, I can only postulate that he has not found a new job. He is 40 this year, a bachelor and held only executive positions throughout his career. He does not have management experience nor post-graduate qualifications. Career suicide I am no HR expert, but I think my ex-colleague just committed a career suicide. Quitting...

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Investment Insight: Fixed Income Securities

As mentioned in my previous posting, I am sharing my views on fixed income securities, which refers to financial products that offer investors a return in the form of fixed periodic payments (coupon) and the eventual return of principal at maturity. Example of fixed income securities include government bonds and preference shares issued by companies. Benefits of Investing in Fixed Income Historically, the returns of stocks and bonds moved in opposite directions at the same time. Investors can reduce their portfolio risk through diversifying their investments on fixed income securities, which offer investors a predictable income stream during times...

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The correct way to invest your money

In life, besides working hard for money, you have to also ensure money work hard for you. This is especially so in this era of low saving interest rates. Currently the inflation rate is about 4 to 5% in Singapore and the bank saving rates are below 1%. So effectively, your purchasing power is eroded. So how do you go about beating the inflation and make sure that money is not slipping away from the pocket? The key is to invest your money correctly. When I meant investing, I do not mean that we should immediately  take out all...

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Dangerous Investment Advice

One of my readers, Createweath8888, commented in my previous post that in this era of low saving rate, it is wiser to “invest well with most of our saving” instead of putting our money in the bank. Whilst I respect his view, I consider that a reckless financial advice. Simply because investment is never risk free. There is always a risk that you could lose a portion or all of your monies. All of us must have a certain level of saving, then can we think or talk about investing. Depending on your comfort level, the amount of savings you...

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The magic of compounded savings

Two years ago, when I was wooing my wife, I gave her a plastic piggy bank as an anniversary gift. I noted back then that she had difficulty saving regularly because she needed to repay her student loan and supported her family. So I gave her a piggy bank hoping that she developed the good habit of saving. She was pleasantly surprised to receive the gift and made a commitment to deposit only one dollar coins in it. Subsequently, I also bought one for myself and after we got married, we challenged ourselves who can save more. Recently, both...

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