They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

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"E-book" by AK

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Another free "e-book".

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So, you want to be financially free too but wonder how?

Thursday, May 21, 2015

This blog post is really written with one person in mind. OK, there could be others like him. So, it is written with him and his like minded buddies in mind.

On 17 May, I shared the following on my FB wall:

Someone who was introduced to my blog wrote to me to say that it is difficult to have enough savings for investment as his salary increments will at most keep pace with inflation.

Of course, I gave him the usual talk on wants and needs but he said that he couldn't reduce his expenses for various reasons. (AK doesn't really believe this but close one eye lah.)

Anyway, he felt depressed after reading my blog. Alamak!

Save 100% of your take home pay. What?

So, cannot reduce expenses, how? I asked him to read Chapter 3 of this free "e-book".

I could have just given him the link to that single relevant blog post but I want him to read these 7 chapters (i.e. blog posts) together. Yes, AK is sneaky.

Don't depend on wage increases for higher income.

Journey to financial freedom is not a race.

Yesterday, this person contacted me and said he has read the "e-book" and he thinks that people like me are just "plain super". He didn't think he would be up to the challenge. He was wondering if there were easier ways available. So, what's new? Duh.

I know that it always is the hardest at the beginning. This is true. However, it will get easier over time. This is also true. It is whether we have the courage to take the first step and the determination to continue putting one foot in front of the other. It is a journey. Nothing is going to change if we stay at the same spot, feeling too fatalistic to make the move.

Many people have told me that my blog has changed the lives of many people for the better. It is just that I don't know about them as most people are not as talkative as I am. It was only in the last 1 or 2 years that many more readers have come forward to share their personal stories of transformation with me. I am glad.

I would like to do something for this person who is still feeling depressed and others like him. I would like to share bits of several chats I had with another reader in FB in recent weeks:

From what I know, W is someone who has parents and young children to care for. I believe that his financial burden is not light but he has the courage and determination to take the necessary steps to improve his financial health with an eye on generating passive income to help supplement his earned income. 

His is a story of a hardworking ordinary Singaporean who wants and is working towards a better life for himself and his family.

Some people say that the grit that Singapore's pioneer generation had is barely visible in the Singaporeans of today.

They say that the "can do" attitude is dying. They say that Singaporeans are spoilt and have grown soft. There is some truth in all the statements but we have a choice.

We have a choice to prove them wrong.

W has made his choice.

You have to make yours.

Related posts:
1. AK's birthday wish was for everyone to be wealthier.
2. "I used to think that the PAP was eating our money."
3. Tea with Matthew Seah: POSB Invest Saver account.


Singapore Man of Leisure said...


Personal responsibility and true grit.

Cory said...

One of my colleague says is impossible for him to save. When we dig deeper, is possible. Is priority not align to need.

Hosaybo said...

Guess impossible because a lot of things has become wants.... Car, condo etc many justify that a car is a need cos they need to ferry their kids around which to them, seems impossible without a car. A house or rather, a roof top over the head is a need, not a condo. Many over commit and then complaint that they cannot save enough.


Hi all,

The natural order of things is for people to spend, which human doesn't enjoy some sense of immediate joy when spending?

Therefore, it must be with purposeful intention in order to save.

Question being, which purpose is more valued? More spending now to have less to spend later or less spending now to have more to spend later?

Circumstances, needs, believes are all unique to each individual. For me, I prefer the latter and my sensing tells me most of the audience in ASSI are in the same boat.

Speaking about boats, looking forward to hearing from Sean and gang regarding the rig ^_^

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