Author: Growing your tree of prosperity

Technology disruption, marriage and the New Age bachelor.

I think new technology developments warrant a fresh look into marriage and bachelorhood in Singapore. It started during the summer holidays when I was asked by my professor what is the most important app which was developed over the past 12 months. My answer was Tinder. I was unable to really come up with a strong argument for the app because I was not a user of the app and had to rely on articles from other folks who could not stop raving about it. My only argument was that Gen-X guys in general struggled hard to get hitched...

Read More

Should you panic with the STI below 3000 ?

A lot of folks are talking about the crash of the STI index and started contacting me out of the blue about what I plan to do so I thought I’d write a short post on this. First off, local markets are down. At this point of time, most investors would have a suffered massive losses. I lost the school fees of my entire JD degree over the past week. This means that I would have been better off had I sold my entire stake before going into Law School and just ate my cash holdings. But am I...

Read More

Recording of my my interview on Kiss 92.

As a League of Extraordinary Financial Bloggers, the community have really come pretty far and we are now getting some informal support for each other to promote our own independent form of financial planning for the masses who cannot bring themselves to trust commissioned agents. This gig would not have been possible if not for cheerful.egg’s  Lionel’s introduction. Lionel is also the man of the week and has appeared in last weekend’s Me and My Money. Richard Ng of Invest Openly has managed to create a recording on my interview on Kiss 92 FM. Clearly this is not the work of one individual...

Read More

Raffles is not a Bumiputra institution !

Only three courses have ever rejected me in my life. The first institution which I applied to which dinged me was Massachusetts Institute of Technology. But who am I kidding to think that I even stood a chance. I thought a rejection letter from MIT was actually quite cool. At least they bothered to send me one. The second program to reject me was NUS’ Diploma Program in Arbitration by their faculty of Law when I attempted to sneak myself into its first intake because I thought that an IT guy who can arbitrate outsourcing disputes might put me...

Read More

What is your money personality ?

Of late, some blogs have written some articles on a Money Personalities. I thought I wanted to throw my hat into the ring and highlight some interesting findings from psychological research. When social scientists conduct surveys, statistical models are used to cluster answers together so that we will have a better idea of what kind of money personalities exist. The downside is that you will not have very comprehensive personality frameworks like the MBTI or DISC models. This is based on  a paper called The Love of Money, Satisfaction and the Protestant Work Ethic : Money Profiles Among University...

Read More

Wongamania – A new offering on my retail page.

Careful observers would have noticed that there is a new product on my retail page. Wongamania It’s not easy to design and market a game. I tried this myself and I still have a role-playing game on sale on Amazon. Achieving a large print-run can cost tens of thousands of dollars even with the support from government agencies. Being in the gaming community, I know a friends who tried with different degrees of personal success. Wongamania, a brainchild of Xeo Lye whose blog can be found here,  is an investment game where the aim is to achieve financial independence...

Read More

Interview at Kiss 92 FM – Talk on Pocket Money.

All, My interview with Kiss 92 FM was quite a blast this morning. I was asked to talk about pocket money and parenting. Some readers may be directed to this blog from the Kiss 92 FM Facebook page so I am sharing my research notes for those who want to get more information on what was shared today. The only question I was not directly prepared for is whether parents should “bribe” their kids to do well in exams. My answer is that external rewards like exam bribes drive out the intrinsic motivation to be curious about the world...

Read More

Hard truths about entrepreneurship !

A careful reader of my books will realise that I get very self-conscious when writing about entrepreneurship and starting businesses. The reason is obvious – since I do not have start-up experience, I feel unqualified to advice business people.   My confidence has grown of late. I dare say that if I every publish a fourth book, I should be able to speak quite authoritatively about running businesses.  Law school has made be used to the idea of reading research journals and my previous engineering and finance studies has always allowed me to be very comfortable dealing with statistics....

Read More

Why being an entrepreneur is risky business for a Singaporean !

An opinion piece has been circulated around in social media lately. The author of this piece asserts that a mindset change is required on entrepreneurship as Singapore would suffer if everyone stops taking risks. I feel that it is important that I write  a counter-opinion to this article as when it comes to risk aversion, dividends investors are many times more conservative than workers who only want to work for MNCs. This is because the ultimate aim of dividends investing is to work for anyone we want based on work which we find gratifying. In a place like Singapore where...

Read More

Crowdfunding : The next frontier in yield investing.

Thanks to the fact that Moolahsense makes all bids to lend money transparent, some readers should be aware that I started participating in peer-to-peer lending. In fact, for folks who have been following, I was able to lend $1,000 of my own money successfully to Leap Networks at about 8-9% interest rate about a week ago. The decision to start investing in crowdfunding platform was not a financial one. There are higher yielding investments in the local stock-market like shipping trusts. Getting into crowdfunding was an academic decision. I was doing a subject called Legal Issues in E-Commerce and...

Read More

Are you wiser than an ITE student ?

Was attending a wedding last week and was very honoured to have a conversation with an ITE Life-skills lecturer so naturally I became very curious about her work. I wanted to know what would constitute life skills because it would potentially benefit readers of this blog. I was quite impressed when I was told that ITE employed the DISC personality profile system. Having a knowing one’s personality is quite crucial in the working world because it helps a person decide on a vocation. The ITE lecturer also shared with me that ITE uses personality profiling to detect whether a...

Read More

If Budgetbabe can save $100,000, what’s your excuse ?

Budgetbabe recently wrote a concise blog article on how easy it is to save $100,000 before age 30. I thought I wanted to join in the fun, so I asked my FB what’s their excuse for not being able to save $100,000 before age 30. The results were quite predictable, some friend carefully crafted a life situation which was intelligently distinguished from my life situation or some other financial blogger which was well-argued even from a legal perspective. It’s all fine and good, I don’t really judge my friends these days. At age 40, a balanced scorecard matters more...

Read More

Quick and dirty mental filters when confronted with new ideas.

Just a story to set the tone for this discussion. If you had known me 20 years ago, I was not exactly a charming specimen of the male gender. I’m soft of like Ted, but not cute. A female undergrad once asked me to carry her bag for her. I told her no, “Because scarly I fall down how ?” During my NUS days, I struggled to get a date, then I normally screw up my chances for a second date because I am a troll. I can’t really help it – Gen X girls are so self-contradictory about...

Read More

Masterclass in Skepticism.

I noticed that a large number of readers or folks who are interested in passive income or personal finance are also very susceptible to messages from self-help gurus. Some folks I have spoken to have shared personal stories of putting money into the wrong Internet Marketing programs or have been roped into MLM at a certain stage in their lives, others have paid possibly thousands attending some seminar on forex trading or real estate flipping. The older ones even went to bucket shops. Readers and other financial bloggers have this problem : How do we tell the difference between...

Read More

Time as an asset class.

Initially the title of my blog post today was supposed to be about RGS and billionaires, but fortunately (or unfortunately),  a series of events has allowed me to interrupt my article planning for something which is more useful to readers. ( Although I think many readers want to know what I think about the assortative mating between RGS and Billionaires as well… ) Two events serve as a catalyst for this post. Just today, I had a great honour of having breakfast with a reader John Smith, we spoke about many things but one idea stood-out and I felt...

Read More

Like us on Facebook

Follow us on Twitter