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1M50 CPF millionaire in 2021!

Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...

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Secret to losing weight and gaining wealth.

Saturday, May 24, 2014

A friend once told me that to lose weight, simply eat less and exercise more. Input less, output more.


We can draw a parallel in wealth building: to become poorer, make less and spend more. Input less, output more.

So, to become richer, what do we do? Make more and spend less, of course. Input more, output less.

No matter how much we make, if we spend all of it or, heavens forbid, more than we make, we will always be poor. Easy enough to understand but why is it so hard for so many to remember?

P.S. AK decided to try harder to lose weight. Last night, AK went for a long walk. Took 2 hours. Drank 1.5 litres of water in that time to replenish lost moisture. Aiyoh, my aching body.

Related posts:
1. Buying a $500,000 watch.
2. 2 questions to build wealth.
3. Save 100% of your take home pay.
4. Becoming a millionaire next door.
5. Don't see money, won't spend money.

AK meets Richard Mille.

Thursday, May 22, 2014

For those who don't follow me on Facebook:


AK  the Giamsiap fellow. LOL.

Added on 18 October 2016:
Source: HWZ



ROFL. ;p

Related post:

Buying a $500,000 watch.

Emergency and convenience cash.

Wednesday, May 21, 2014

I blogged about how we should always have a war chest to take advantage of opportunities in the stock market because what is worse than seeing the prices of our investments plunging? Not being able to increase the size of our investments at those lower prices (assuming, of course, that they are still good investments)!

So, I always say that there is nothing wrong with keeping a sizeable portion of our portfolio in cash. Cash isn't only the money we have in savings accounts or fixed deposits (which is my preferred way to keep my emergency fund and some of my money in my war chest). 

Money in the CPF-OA (up to a cap) and SRS account is cash that can be used for investments too.

Anyway, before I ramble on, this blog post is not going to look at cash in our portfolio. Huh?





This blog post is about emergency and convenience cash that I keep near me and I am not referring to the cash in my wallet. 

So, what is this emergency or convenience cash? It is cash that I keep at home and in my car.

I keep quite a bit of cash at home. This is handy if I have to pay for some repair that must be done by an electrician, air con technician or plumber, for examples. 

It is also handy when I order home deliveries for the family or decide to walk to the neighbourhood zhi char for dinner once in a while. Sometimes, I would ask friends (when I was staying out) or family to help me run errands and, of course, I had to pay them.

Keeping some cash at home is especially important if we do not have an ATM a stone's throw away from our home. Anyway, I really hate to queue at ATMs to withdraw money. I find it a time waster. 

OK, to be honest, it is not so much the time wasting but what I do to waste time. I don't mind watching anime for a few hours at a stretch. That is a more enjoyable way to waste time for me.

Amount of hard cash at home? Usually a couple of thousand dollars.

My money pouch at home.




Although it is quite rare but I have left home without my wallet before. The cash I keep in my car although not a lot is really handy then.

I would also make sure that the cash in the car is mostly coins and small notes. This takes into consideration how some places might not have change for bigger notes which happened often enough to leave an impression on me.

Amount of hard cash in the car? Usually not more than $50.00.

In an increasingly cashless society, I could be an odd ball, or do you do what I do too? I might lose out on some interest income but having some emergency and convenience cash works for me.

Related posts:
1. A special chest for emergency funds.
2. Why a meaningful emergency fund is important.
3. Emergency fund: How much is enough?


Good food at great discounts!

Tuesday, May 20, 2014

I like visiting the supermarkets towards closing time because I get to buy good food at big discounts!

Mackerel onigiri. Original price: $2.50.

Tastes even better at half price!

This is something I would do during my free and easy vacations in Hong Kong and Japan too. Stay near a supermarket and go shopping for dinner at 8.30pm.

The yum yum tastes yummier when the prices are marked down! I like!

Related post:
7 money habits of AK71's.

AK is feeling excited about 14 June 2014.

Sunday, May 18, 2014

This is a quick reminder about the early bird offer for the event at which AK will be appearing as a guest speaker. Honestly, this is going to be my first public appearance and I am feeling a bit excited.

Anyway, I was just informed that 2 more speakers, both with backgrounds as analysts, will also be at the event. There will either be Q&A sessions after each segment or one at the end of the day. Of course, Q&A sessions are always good opportunities to pick some brains.

A priceless gift from a reader's niece.

The organisers have also confirmed that the charity which the event will be supporting is the one I have suggested, Singapore Children's Society. That makes me happy.

A big "thank you" to everyone who has bought tickets or who will be buying tickets to attend the event. Thank you and see you on 14 June 2014.

The last day to buy tickets at the early bird price is this Tuesday.

Buy your tickets: here.

Related post:
AK's first public appearance.


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