There are certain personal finance areas that is extremely popular among Singaporeans. This can be seen from the popularity and prevalence of websites dedicated to finding and shilling the best ‘insert financial product here’. We Singaporeans lap all these information up as we love a bargain.
5% off my credit card spend? Awesome! Sign me up!
2% interest if I jump through a whole bunch of hoops? Sweet!
While these websites provide good information about products that is of interest to everyone, I feel that it causes us to fixate on these things. It also distracts us from what is truly important in building wealth.
In today’s article, I hope to convince you to optimise your time and refocus your efforts on the right Personal Finance areas.
How to get Rich
Firstly, we have to focus on the overall end goal – becoming financially independent and getting rich.
Maybe not Scrooge McDuck levels of wealth,...