I’m referring to  the following blog post linkhttp://www.cpf.gov.sg/imsavvy/blog_post.asp?postid=943438268-310-6846058964and perhaps others with a similar mindset. In the post, the author lists 5 steps to financial freedom:Step 1 – Boost your Active IncomeStep 2 – Get Rid of Unnecessary DebtStep 3 – Save MoreStep 4 – Reduce Spending and Live Within Your MeansStep 5 – Invest For [...]

In the past, having diverse sources of incomes gives people a backup to fall upon. However, in recent times, people are beginning to realize the importance of extra income as a means to realize your dream and goals earlier. Is it really important? Will it help you to achieve your financial goals earlier? Recently, I [...]

Based on a recent online survey, it was found that 2 out of 3 Singapore workers were saving no more than 20 per cent of their monthly salary. How much salary do I save? I figured that I am currently saving about 30% of my monthly salary.  This goes into savings plans, bank deposits or [...]

During the Chinese New Year period, I managed to meet up with quite a number of friends. Most of them seem to be doing fairly well, with fancy cars and more to show. However, on further discussion, I found out that most of them have not done any financial planning. Either they do not understand [...]