Mr Fredricksen Should Have Saved More For His Trip!

After the Aladdin parody, I am on a roll with cartoons/movies and today, we shall be picking up some simple personal finance lessons from the movie “UP”. “UP” is one of my favourite movies in recent years. Its really a heartwarming show and I happened to have watched it a few times already. The best parts are actually the opening scenes which never fail to induce moisture in my eyes. I have … [Read more...]

Aladdin’s Choice: Superior Saving Rate Or Superior Investment Return?

Agrabah had fallen on hard times and Aladdin* decided to leave in search of better pastures for him and his wife, Jasmine. He decided to come to Singapore since knew that he would have little problems qualifying for Permanent Residency (PR). Afterall, he was a famous celebrity like Jackie, Jet and Gong Li. It also helped that the wages were relatively high for an officer worker in Singapore. After … [Read more...]

Passive Income Update: August 13

Not surprisingly, the My Passive Income page is by far the most popular page in my blog. Understandably so, since everybody loves taking a peek or two at each other’s assets to better benchmark themselves with others. That’s what we all did back in army. Remember those times when we were showering? ;p On hindsight, I also realised I did quite a shoddy job for that page. There … [Read more...]

Expenditure Update: August 13

In a perfect world, I would be working a 15 hour work week in a job I love and take pride in. Productivity would be sky high and I will still be justifying a salary of $3k to $5k, even though I work so much less. And instead of making myself fat at restaurants or spending my still hard-earned money at malls, the leisure time is spent having fun with friends/relatives in my home or better … [Read more...]

Our Fixed Expenses

I hate hypocrites. These people say one thing, but do another. No, I am not refering to the girlfriend that says “Anything’s fine for dinner” but gives you a frown when you suggest MacDonald’s, Ding Tai Fung or Sushi Tei. And I am also not talking about parents who spend their free time watching TV or playing mahjong but ask their children to study or read more story books. Ooops. I am actually … [Read more...]

Making HDBs More Affordable

In case you have the misconception that I am one of those anti-PAP Singaporeans after reading my views on the proposed Medisave Life and PSLE changes, let me correct it with the next sentence. The government has to be commended for introducing the latest set of housing measures to provide Singaporeans with “More Help, Stronger Support and Better Homes”. After reading HDB’s press release today, … [Read more...]

Take Advantage Of The Volatile Market Through Dollar Cost Averaging

For the past couple of weeks, some Asian currencies have been hit pretty badly and the Singapore dollar climbed to record highs against many of our neighbours’ currencies. Since I go to Johor Bahru pretty often, I took a leisurely walk to Change Alley during lunch time last Friday to check out the exchange rates. Unfortunately, most people thought the same way too and the place was super … [Read more...]

POSB: Our Friendly Banker Next Door

POSB pride themselves as being neighbours first and bankers second. And it’s true. Because Singaporeans have always treated POSB better than even their real neighbours. Otherwise, why are all of us lending POSB our hard-earned cash for no interest at all?! (Sorry, but I am not willing to factor in that abysmal 0.05%) Furthermore, besides offering the lowest interests, their ATMs and … [Read more...]

National Day Rally: Medishield Life & PSLE Changes

Last Sunday, PM Lee held his 10th National Day Rally and announced a slew of very promising social policy changes that were intended to transform Singapore into a “compassionate meritocracy”. Although Compassionate Singaporeans generally sound like an oxymoron to me, I remain optimistic towards many of these changes that attempt to level the playing field for children/young adults and … [Read more...]

Money Bomb 1: The Wedding

When I first started work, its wasn’t really that difficult for me to save more than 70% of our income. After all, I was staying with my parents. There wasn’t utility bills, groceries or mortgages to contend with. In this aspect, I am not the odd one out in this country. Unlike our Western counterparts, most Singaporeans stay with their parents after they start work. Due to our society’s emphasis … [Read more...]

You Won’t Want To Be Mr Average!

Even at Primary 1, I wasn’t an average performer, which was largely due to the motivation (fear probably more appropriate) my Mum gave me. She was a stay-at-home mum and spent plenty of time and effort to monitor my school work. We would do spelling from day till night until I got the entire list of words correct. Moreover, she had really high expectations of me. I would often get caned when … [Read more...]

Holding Cash: Key To Sleeping Well At Night

It’s always necessary to carry some cash in the wallet, right? Besides paying the hawker for our food during lunch time, we also need cash to buy bread at the bakery or get the newspapers at the mama shop downstairs. Therefore, it’s literally impossible for one be fully invested in the stock market right down to his last cent, even if he makes use of financial leverage (but … [Read more...]