Author: JYKL Saving and Investment Blog

Short interview with seedly regarding managing financial experience

Hi all, Recently I have received an email from seedly and conducted an interview with them asking about my experience in managing my own finances. I always believe that sharing experience with others is a good way of learning as the more I share, the more I am aware on my own experiences impacting other people. This, learning what are the improvement that I can made. Not just be alone, there are other financial bloggers that were invited for this interview by asking them to share their experience, portfolio and advice to those who start out their financial journey....

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Finally Got My New Home

Hi All, As mentioned on my blog title, I finally bought my new home! Although it nearly clear all my funds but to me it is a big step for me! Like mentioned before, I am unable to purchase HDB, so before anyone asked, I have bought a resale condo (850 square feet). This is a happy moment for me but also a mountain of debts coming for me as well since I am taking 30 years loan. With this, I have finally settle one of my goal which I kept mentioned in my blog since last year and...

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It’s not just Amazon’s fault

Retail stocks have been annihilated recently, despite the economy eking out growth. The fundamentals of the retail business look horrible: Sales are stagnating and profitability is getting worse with every passing quarter. Jeff Bezos and Amazon get most of the credit, but this credit is misplaced. Today, online sales represent only 8.5 percent of total retail sales. Amazon, at $80 billion in sales, accounts only for 1.5 percent of total U.S. retail sales, which at the end of 2016 were around $5.5 trillion. Though it is human nature to look for the simplest explanation, in truth, the confluence of...

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Reached my goal but something happened!!

Hi everyone, It’s been a while since I post any new post on my blog. The reason is because of my packed schedule (work and family) which drains out all my energy for updating any post in this blog. Certainly I will try my best to squeeze out time for this blog and share my savings and investing experience with my readers. Recently, I have hitted my savings target of 160k!! But that result doesn’t stay Long as I have invested in some small business (a joint venture with my wife and we do really hope that it work...

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Beginning of 2nd Quarter 2017!

Hi Everyone, Today is the beginning of the 2nd quarter in 2017, and I have tabulated my financial report card to check to see what is my current progress. I will report based my result in percentage (current savings / my financial target *100): 95% 95% of $160,000! This is indeed very near to my expected target! 5 more percent which is around $8,000 more to go! I have given myself 3 more months to reach this goal as I am expecting to get to view the place that I wanted to buy in around June 2017! (Finally! The...

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Personal Experience on Saving and Investment Journey (Year 2016)

Hello everyone! 2016 is a pretty calm year for me as I did not switch job, did not do much investment and also not much changes in the financial plan for myself. The only big changes is my marital status, I am married last year! My saving journey for the year of 2016 was quite stable and I did not really over spend too much although I have to cover the wedding expenses (which cost around 20K). Luckily my wife also tries to help me to ease my finance by chipping in in some of the expenses like our...

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On the way to getting my first property

Hi Everyone! It’s been a while since I have update my blog due to my busy schedule, I did not have time to post any update on my side. Despite my busy schedule, I still make an effort in working towards my goal in getting my first property. I am nearly there as you can see my target bar on the right side of this blog, I manage to hit 91% of my target. This is definitely a good news for me because 9 more percent before I hit my target of 160k and with this amount I hope...

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Investing Notes – a new platform for centralize information on Shares/Stocks

Hi Everyone! Recently there is one new investment website called investing note which is a platform whereby people can share their thoughts on shares and also a centralize place to get news and information on stocks like share price and etc.  I believe this is a good place to go to even if you are new to investment in shares. Of course, you can asked or share your thoughts on other financial issue.  If you want to try and, do register yourself via this link to investment note. This platform is absolutely FREE. So do feel free to join...

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Big Event and Year 2017 Update

Hi Everyone, It’s been a while since I have update this blog, mainly due to preparation of my big day (my wedding) which leads to insufficient free time to update my blog. 2016 has been a fruitful year for me because there are several happy event took place. First is my wedding and ROM, it was a wonderful event with my wife as we prepare really hard for this (day and night preparing all the things that we need during the actual event). The reason why we are so busy is because we did not hire any event planner...

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What Happen If You Are Unable To Track Your Expenses

Hi Everyone, As you have notice, for the last few months, I am unable to produce my expenses results due to forgetfulness and also tight schedule due to wedding and moving into my new house (there are tons of things to do, so if you are at that stage, do note that it will take a lot of your time). Understanding the fact that tracking of expenses can be quite tough as the days goes by, especially if you have other things to focus on, you will slowly neglect this activity. So some of the readers might feel that...

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Personal Passive Income and Expenses Monthly Report – October 2016

Hi Everyone, This month was a good month for me because I manage to save more money due to my increment. It was certainly a good jump in my salary and poof! my saving increase from 76% to 79%! I did not clear any of my goal and at the same time, I cleared my wedding ring installment! (Which means my expenses will go down by $450 per month!) This post will be a very short one because this is another month whereby I did not keep track of my expenses. The reason is because there are too many...

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POSB Cashback Bonus

Hi Everyone, I believe most of you have heard about POSB Cashback Bonus program introduce by POSB (obviously). After reading the requirements online, I find that this might be a good way for me to earn some cashback if I buy my property next year and get a loan from POSB. If I manage to do that I think this will be an additional passive income for me! The requirement as shown in the picture below So if I were to get it, I will be aiming for these three requirements, 1) Credit Card, 2) Home Loan Installment (condo...

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Personal Passive Income and Expenses Monthly Report – September 2016

Hi Everyone, This post might not contain much information regarding my expenses because I was too busy this month with my wedding preparation that I did not keep track of my expenses. On top of that, I guess I over spend too much this month as well which is due to wedding expenses. For my personal target, I have cleared my passive income of $1,500 in the year of 2016! Another target down. Hopefully I can hit $2,000 worth of passive income by the end of this year. (Probably should add that in!) And this is the result of...

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Personal Passive Income and Expenses Monthly Report – August 2016

Hi Everyone! This post might come a bit early but just two days won’t make any much difference. I just got my recent salary increment, which is around $200, feel very happy because an increment is an increment, and I have hit my targeted salary, making $4,000 per month! One target achieved, 4 more to go! Secondly, I just received $64 worth of dividends from Singtel, which is a good thing and this raise my passive income in 2016 to $1,405.65! Well, it might be little, but my actual investment journey starts mid of next year (after I purchase...

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Personal Passive Income and Expenses Monthly Report – July 2016

Hi Everyone, Finally, it is the end of July 2016 (in fact today is the first day of August), as this is a monthly personal financial report, I will be doing a summary of my passive income, expenses and savings in this blog post. With this blog post, I will be able to note down my progress every month. Investment and Passive Income – July 2016 My investment still remains the same as compared to June 2016 as I did not make any move into purchasing or selling any shares. Currently the market is pretty unstable (sometimes bull and...

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