Why you should definitely buy a car in Singapore


I was talking to a friend recently and we were discussing how it’s kinda hard to justify having a car in Singapore. Almost every personal finance website talks about how cars are just horribly, horribly overpriced here. It’s so overpriced that even Hollywood Stars are stunned by how much cars cost in Singapore. Check out Michelle Rodriguez’s priceless reaction when we the interviewer tells her the … [Read more...]

Are Singaporeans Unhappy?


Tell me whether you agree with this: Singaporeans are unhappy. I was talking with a friend about the rather unusual path he has taken. He’s a planner focusing on helping people achieving financial freedom. He’s a guy that has to meets with people from different income levels every day, even high net worth individuals. And he pointed out something interesting to me about my fellow Singaporeans, … [Read more...]

Why cutting back gets really stupid, fast and what u should do instead!


There’s a problem with cutting back that people don’t want to acknowledge. Cutting back causes you to hate money and probably yourself, after a while Here’s what most people do when they are trying to save money. Action Steps! : Save $100 by running instead of going to the gym Save $200 by replacing the meaning of the words Going out” to mean walking around the block 3 times before … [Read more...]

Does having a day job mean giving up all your dreams?


So the end of the year is just around the corner again. This is the time of the year where people start wondering, what have I done with my life this year? Why haven’t I worked on the dream / magnum opus yet? Everyone thinks there are only two choices in life : 1) Slog through your day job and give up on your dreams, grit your teeth and join the daily grind 2) Quit your day job, hopefully … [Read more...]

Negotiation: Why “No” might be better than “Yes”


What if your job is to negotiate against the world’s most dangerous people on a day-to-day basis? And your negotiation skills decides whether people or die. I think negotiation is important too (our salary is largely depended on how well we negotiate) but not that important… The Art Of Negotiation Negotiation is about quickly establishing relationships and getting people to think and talk … [Read more...]

When bonds are dangerous: A history of products from banks


Banks in Singapore are known to be safe and relatively conservative institutions. But that doesn’t mean they haven’t sold products to unsuspecting people. People who shouldn’t be any where near the sophisticated instruments. Products appealing to the Asian investor Let’s take a look the average Asian investor, what are they concerned with? Most “investors” in Singapore seem to be concerned … [Read more...]

Woman 85 sues slimming centre over 400k treatment: An analysis of sinister sales tactics


So how did an 85 year old lady end up paying $400,000 for slimming sessions that don’t work? I read with interest about this diabetic 82-year-old lady who went to London Weight Management after seeing its TV commercial touting a weight-loss trial session for $18. She wanted to lose weight for health reasons. So she went there expecting to pay $18 for a trial and ended up paying them nearly … [Read more...]

How to buy low and sell high


Most of us go through these stages in our lives. Life stages In our 20s, we think we’re freaking invincible and we can do no wrong. We know better than everyone else; everybody that has every loss money in stocks do not have the same unique insight we do. So we start picking stocks. We pick 5 to 10 “hot” stocks based on our analysis or tips from friends. Losses are blamed on “luck”. Wins are … [Read more...]

Land your dream job : How to impress over coffee


Networking is important. There’s no doubt knowing the right people can put you head and shoulders above everyone else. This is especially true as you progress in your career. The higher up you go, the more your jobs will come through your personal network. Your personal skills will outweigh your technical skills. Everybody seems to have advice on this: “Go to more networking events, dress for … [Read more...]

How to network to your dream job


People who are employees often act like they’re rice. Rice is a commodity. It doesn’t really matter which brand of rice you get (except for Basmati rice, man, that is the real deal). They’re all the same to you. It’s plain and boring. You could swap our one type of rice for another and nobody would be able to tell the difference. That’s the problem with being employed in a company. People go … [Read more...]

3 lies we tell ourselves about networking


“It’s not WHAT you know, it’s WHO you know.” This phrase is bandied about quite a bit. Usually by people who feel stuck in their jobs, can’t see a way out of it and start complaining about how the government should do something about foreign talents. But you know what? They’re right! Your relationships will matter more than your technical skills as you progress in your career. That’s just … [Read more...]

4 principles of persuasion you should use today


One thing I’ve noticed in the workplace: people who can get others to buy into their vision are at the top of the food chain. We’re all in the business of influence and persuasion. Whether it’s an idea or a product, you won’t get far unless others buy into it. Persuasion vs Manipulation I want to start by highlighting the difference between persuasion and manipulation. There’s a fine line. … [Read more...]

3 reasons I lost a lot of money and how I overcame them


This is a story on my investment in a company that build ships for the oil industry called Vard in 2013. I’ve lost over S$10,000 because the stock has collapsed 85%. Yet, I’m still holding on even though I know I’m being stupid. We love to believe we’re all special snowflakes that are individual and different but humans are way more alike than we like to think. People in their 20s wish they’d … [Read more...]

Why the Holland Village robbery doesn’t make financial sense


Wow… so huge news. Someone successfully robbed a bank in Singapore and there’s going to be a manhunt. A manhunt as in a hunt for a criminal. This is really rare in Singapore. I mean, this is so rare that the first image for manhunt Singapore on Google returns me this: Lots of people are commenting that the criminal got away with essentially free money since he managed to rob the bank in broad … [Read more...]

There’s only 3 things u need to know before investing and it’s not what you think


I’ve heard plenty of people say they want to start investing. But they are afraid to get started. I can understand. There are a lot of terms that sound intimating like fundamental analysis, technical analysis etc. So many types of analysis and we all have day jobs! It’s no wonder most people would rather hire someone take care of it for them, like a financial advisor. Unfortunately, these … [Read more...]

3 negotiation tricks that professionals use


Negotiation is one of those things people actively avoid. They fear confrontation so they plow through them as quickly as possible, accepting the worst possible deals to just get it over with. But it doesn’t have to be that way. Simply by understanding the tactics actual professional negotiators use, you can enter a negotiation with a little more confidence and get a better deal. Know your … [Read more...]

Rejection sucks. How to deal with rejection when negotiating


Rejection sucks! Rejection, whether it’s no one accepting your awesome party invite or being turned down for a promotion, freaking hurts. It’s one of the worst emotions to deal with. Scientists have shown that the same brain regions for physical pain get activated when we experience rejection. The number one reason people don’t negotiate: fear of rejection Humans have been social creatures … [Read more...]

Here’s how I negotiated: using expired tickets to enter a theme park


I went to Universal Studios with these tickets. They were expired a week before I went. No, I didn’t pull a sleight of hand, David Blaine street magic crap. All I did was call the company. You might be asking what’s the value of practicing in situations like this? I want to negotiate the big stuff! Well, you don’t get to be a Premier League level player without first having practiced your trade … [Read more...]

The secret to getting paid what you’re worth. Hint: it’s not about working harder.


If you’re going to work for somebody, make sure you’re getting what you’re worth. We spend most of our waking hours working. So, how come most of us never ask for a raise? The truth: most of us just don’t know how to get that pay raise. The criteria for getting a raise seems dictated by God, fate, random chance, or that quote from your inspirational cat poster. Most people think: “If my … [Read more...]

Why working hard at your job doesn’t pay off


Have you ever felt your hard work isn’t appreciated by your company? You spend more time at work than anyone else but it seems everyone is getting promoted except you. This week, my department is letting 2 staff go. It wasn’t a cost cut-back. Upper management thinks they underperformed. The rest of the team is pretty angry as the two of them were actually great performers. In fact, … [Read more...]