tag:blogger.com,1999:blog-7944902213075756335.post6281794529675071952..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): The secret to avoiding financial ruin.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-7944902213075756335.post-10667594310163993182013-07-02T19:02:51.978+08:002013-07-02T19:02:51.978+08:00Hi Cory,
I know what you mean. Life is very fragi...Hi Cory,<br /><br />I know what you mean. Life is very fragile.<br /><br />This doesn't mean that we stop planning for retirement. Whether we live to enjoy retirement or not, we have to plan for it. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7958699285126201012013-07-02T16:48:12.401+08:002013-07-02T16:48:12.401+08:00One of my leader, 38, just found he has later stag...One of my leader, 38, just found he has later stage NPC(Cancer).This kind of hit me hard in my thinking did i overly save. Habit die hard.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72575220241178520332013-07-02T14:38:44.563+08:002013-07-02T14:38:44.563+08:00Hi Matt,
I agree. Now that I can afford to be a b...Hi Matt,<br /><br />I agree. Now that I can afford to be a bit less tight fisted with money, I am happy to be able to improve the lives of people around me. I also feel less guilty about buying myself the occasional toy. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74586493611058632162013-07-02T14:36:17.742+08:002013-07-02T14:36:17.742+08:00Hi DW,
I collected comics for a few months of my ...Hi DW,<br /><br />I collected comics for a few months of my life as a teenager too after visiting a shop with a friend. The shopkeeper and my friend convinced me that comics are investments! -.-"<br /><br />Anyway, the craze lasted only a few months and I was a few hundred dollars poorer. I still have the comics stored nicely in my study. Don't know what they are worth now. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18364083206692470242013-07-02T14:21:14.236+08:002013-07-02T14:21:14.236+08:00AK,
6 years ago, a close relative was diagnosed w...AK,<br /><br />6 years ago, a close relative was diagnosed with pancreatic cancer. My wife decided to stop work to help out. Under normal circumstances, I would not suggest she buy a car once she stopped working. But it would be very inconvenient for her without a car to help the relative and we can afford a second car. I made the decision to buy her the car. <br /><br />That incident made me Matthttps://www.blogger.com/profile/11468603013053235128noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42105949983263064022013-07-02T13:21:57.771+08:002013-07-02T13:21:57.771+08:00Hi AK,
I spent a lot on comic books as a teenager...Hi AK,<br /><br />I spent a lot on comic books as a teenager. Even though it was rather wasteful, but I felt happy reading them. Nowadays, I still read my collections again during my free time.<br /><br />We only live once. We are only young once. Sometimes, it is perfectly fine to pamper ourselves. But dun overdo it.<br /><br />Cheers! ^^Dividend Tech Warriorhttps://www.blogger.com/profile/10905667545384063302noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8546196140054086632013-07-02T12:22:59.588+08:002013-07-02T12:22:59.588+08:00is like a trader saying, how i wish i can lose a m...is like a trader saying, how i wish i can lose a million dollar?<br /><br />what? are you nuts? <br /><br />no i'm not, becos i don't have the million to lose in the beginning haha...coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36015087607727334502013-07-02T12:20:00.206+08:002013-07-02T12:20:00.206+08:00the safest way to avoid financial ruin is...
don&...the safest way to avoid financial ruin is...<br /><br />don't have financial!<br /><br />how to ruin if you have no money to start with (haha)?<br /><br />if you have money, then there always a chance of ruin, no matter how small the chance is.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80419983274874283002013-07-02T10:10:06.110+08:002013-07-02T10:10:06.110+08:00Hi SnOOpy168,
Oh, yes. S$50 was a BIG deal 30 yea...Hi SnOOpy168,<br /><br />Oh, yes. S$50 was a BIG deal 30 years ago. Would have felt like a prince with S$50 in my wallet. Unfortunately, most of the time, I had less than S$10 then. :(<br /><br />As for lifestyle, I just make sure that I live way below my means. The only possession I cannot give up is my car which is my one major expense in life.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39635646667034498052013-07-02T09:16:15.882+08:002013-07-02T09:16:15.882+08:00but in those days, the $50 extra is like a windfal...but in those days, the $50 extra is like a windfall. <br /><br />Perhaps, when one reaches a point where the pay cheque more than meets the basic expenses (phone/PUB/income tax/mortgages/food/transport), then it is a matter of whether it should be the same lifestyle (and expenses) or upgraded (aka more expensive) lifestyle to match that better pay cheque ? In short, why stay in an atas condo SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57852608481062349412013-07-01T21:54:48.301+08:002013-07-01T21:54:48.301+08:00Hi SG Young Investment,
That is what I am trying ...Hi SG Young Investment,<br /><br />That is what I am trying to do now.<br /><br />I got a wake up call from a very close friend a few years ago when I went shopping with him after lunch one day.<br /><br />I saw a watch I liked. It was a Swatch Irony and cost $189.00. I looked at it, decided that I liked it but I didn't need it and put it back.<br /><br />My friend suddenly turned me around AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31600169758102491202013-07-01T21:41:02.301+08:002013-07-01T21:41:02.301+08:00Hi AK71,
Its time for you to enjoy life now since...Hi AK71,<br /><br />Its time for you to enjoy life now since you're much better off then many many years ago. Well, everyone starts out tough and save every bit we have. Its when we have achieved financial freedom in later days that we can enjoy a little bit more. More or less when your assets/passive income are paying most of your expenses, you don't really have to work for a living SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7381445192552396682013-07-01T21:14:29.223+08:002013-07-01T21:14:29.223+08:00Hi Endrene,
Your wit is unparalleled! I had a goo...Hi Endrene,<br /><br />Your wit is unparalleled! I had a good laugh. Thank you. :D<br /><br />I feel so much better about wasting all that money in those days now. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45881664336389021302013-07-01T21:10:30.485+08:002013-07-01T21:10:30.485+08:00Hi Foodie FC,
You know what I will say to that, I...Hi Foodie FC,<br /><br />You know what I will say to that, I am sure. ;)<br /><br />Look to increasing income and reducing expenses. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60333487436100997302013-07-01T21:09:50.582+08:002013-07-01T21:09:50.582+08:00Hi AK,
Not silly! Just intuitively knowing what o...Hi AK,<br /><br />Not silly! Just intuitively knowing what opportunity cost is. That prevented you from turning into a fat kid too. :P<br /><br />I was just like you. I saved all my money to buy stationery and new school bags. Erasers was my weakness too and I later progressed to collecting hankerchieves, and subsequently, watches. :D<br /><br />And of course, I think because we hoard certain EYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74834652445730005242013-07-01T21:09:24.399+08:002013-07-01T21:09:24.399+08:00All I know is Money No Enough. haha All I know is Money No Enough. haha FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89625009660106466412013-07-01T20:54:59.216+08:002013-07-01T20:54:59.216+08:00Hi Endrene,
Unfortunately, there was only one noo...Hi Endrene,<br /><br />Unfortunately, there was only one noodle store in my primary school, iirc. It was 20c a portion. Too costly for me since I was given only 20c a day in pocket money. <br /><br />However, I remember going hungry and using the money to buy erasers. 10c each. A foolish boy, I was. ;p<br /><br />I agree with your 3 points to avoid financial ruin. I think I blogged about all AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30754179888548776432013-07-01T20:35:20.324+08:002013-07-01T20:35:20.324+08:00Hi AK,
You have it in you since young! Did you co...Hi AK,<br /><br />You have it in you since young! Did you compare which noodle stall in your primary school gave a bigger serving at the same price before you patronised them? :P<br /><br />Peasant or pheasant, birds of the same feather flock together. Those who don't appreciate what you do/did are just a different species. Chicken talking to duck? Yah, just fowl talk. Haha. I'm speaking EYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84534852170878017362013-07-01T20:29:19.582+08:002013-07-01T20:29:19.582+08:00Hi SG Young Investment,
My income has been reduci...Hi SG Young Investment,<br /><br />My income has been reducing in the last couple of years actually as I powered down at work. <br /><br />My expenses have been increasing as I have become less tight fisted with money.<br /><br />Early last year, I took on a new mortgage. So, I am once again carrying debt.<br /><br />OMG! I am going against all the stuff I just blogged about! :(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59561799748329861522013-07-01T19:39:41.320+08:002013-07-01T19:39:41.320+08:00"Increase income, reduce expenses and don'..."Increase income, reduce expenses and don't get into debt". Isn't that what the rich do? Haha.. Most of the millionaires I've known practice that and the reason they are millionaires is because they practice prudence financial management. Aren't you one of them? :pSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.com