tag:blogger.com,1999:blog-7944902213075756335.post7261574281649538528..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): More passive income than "richer" friends.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-7944902213075756335.post-17795965708540234072019-03-04T09:04:26.560+08:002019-03-04T09:04:26.560+08:00Siew Mun Kwan says...
Yss. I downgraded to HDB fr...Siew Mun Kwan says...<br /><br />Yss. I downgraded to HDB from an enbloc exercise. <br /><br />Debt free and have a decent passive income and become a millionaire. <br /><br />Enjoy all the G subsidies. 🤣AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29607035845789993222019-02-28T23:20:41.637+08:002019-02-28T23:20:41.637+08:00There are many rich people in Singapore.
There a...There are many rich people in Singapore. <br /><br />There are also many people who stay in private properties and who drive luxury cars to look rich.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68194225145630821092017-12-19T13:10:38.010+08:002017-12-19T13:10:38.010+08:00talking down and talk up, do not matter....talking down and talk up, do not matter....Anonymoushttps://www.blogger.com/profile/01626458552992804654noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19439016524356283812017-12-13T12:47:14.227+08:002017-12-13T12:47:14.227+08:00I have friends who earn twice or thrice as much as...I have friends who earn twice or thrice as much as I do but their expenses are also many times more than mine...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48107108919560441882017-05-15T14:21:06.675+08:002017-05-15T14:21:06.675+08:00Hi Shiva,
So good to have someone from another co...Hi Shiva, <br />So good to have someone from another country chiming in. Welcome!<br />AK is right - not every CPF member knows how to make good use of it. I am one of them. If I was more financially literate at the earlier part of my career, and if I had paid some attention minding my own financial affairs (and not working like a dog for my employer - but to be fair, they paid me well - and SkinnyOldManhttps://www.blogger.com/profile/00268096640082708833noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37339852007014330712017-05-11T15:36:33.059+08:002017-05-11T15:36:33.059+08:00Hi Shiva,
Thank goodness we have the CPF! :)
How...Hi Shiva,<br /><br />Thank goodness we have the CPF! :)<br /><br />However, not every CPF member knows how to make good use of it. For those who know, who are able and willing to, they could have a million dollars in their CPF by the time they retire from active employment at 62. Enough or not? That depends on the individual. ;)<br /><br />A problem with our CPF system is that the government AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71488501168894082272017-05-11T15:14:41.208+08:002017-05-11T15:14:41.208+08:00Hi AK,
You are right that face matters in Asian c...Hi AK,<br /><br />You are right that face matters in Asian community so does it in H.K. as well. I am not sure if I still understand Singaporean correctly now but as far as Honkies, I think they are more pragmatic than their counterparts. I don't say they don't care face but when it comes to money, they prefer money more than face. People on the street don't put many luxury branded Shivahttps://www.blogger.com/profile/11765090879071924956noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3731996016252247742017-05-11T09:17:12.871+08:002017-05-11T09:17:12.871+08:00Hi Shiva,
I think having face is more important i...Hi Shiva,<br /><br />I think having face is more important in Asian societies compared to western societies. I could be wrong but this is from my own observation and Hong Kong is probably the same as Singapore in this respect. Me? I am crazy. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67860701477348689162017-05-10T16:13:52.217+08:002017-05-10T16:13:52.217+08:00Hi guys,
Hope you don't mind a guy from H.K. ...Hi guys,<br /><br />Hope you don't mind a guy from H.K. dropping a line. Indeed I used to stay in Sin for a few years back 2o years ago. As far as I know Singaporean at that time liked luxury items, and home as well of course. It is kind of face, isn't it?<br /><br />Glad to find AK's blog which share a different view from the majority (Forgive me, if this sounds offensive, on my poorShivahttps://www.blogger.com/profile/11765090879071924956noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14320151066373325442017-05-05T16:55:09.968+08:002017-05-05T16:55:09.968+08:00Hi Sammy,
Buying a property or not will be the sam...Hi Sammy,<br />Buying a property or not will be the same.<br />If they are to live in Singapore, those couples will need to work hard to cover their means no matter they buy a property or not.redponzahttps://www.blogger.com/profile/12482736417233080153noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72455718398179964322017-05-05T12:32:58.390+08:002017-05-05T12:32:58.390+08:00Hi Chin,
You are talking about two different coin...Hi Chin,<br /><br />You are talking about two different coins and not two sides of the same coin. ;)<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-155040058242408262017-05-05T10:27:22.145+08:002017-05-05T10:27:22.145+08:00there is 2 side to a coin, you are being paid to s...there is 2 side to a coin, you are being paid to stay in the bungalow is the other side, how about that?Anonymoushttps://www.blogger.com/profile/01626458552992804654noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44372939664761637932017-05-04T14:37:58.429+08:002017-05-04T14:37:58.429+08:00Hi Ana,
Recently, my banker who makes a lot of mo...Hi Ana,<br /><br />Recently, my banker who makes a lot of money told me that he cannot stop working and that he needs his monthly salary. He makes a lot more money than I used to make as a salaried worker but he spends most of it. I told him what I thought and asked if he would not enjoy having the option of not working without money worries?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34751018842591592652017-05-04T10:49:12.072+08:002017-05-04T10:49:12.072+08:00I started building up my portfolio some 10 years a...I started building up my portfolio some 10 years ago, thanks to bloggers like AK. thanks so much. While I wish I started earlier (like you), it is better late than never. I have been living off my passive income for a few years now, and all of my income is set aside either for investments or savings. Just last year, I had a baby.... at the same time, I encountered some difficulty at work --- Anahttps://www.blogger.com/profile/04893597653717284552noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13412632789128882062017-05-04T08:37:57.730+08:002017-05-04T08:37:57.730+08:00Hi Henry,
I agree. Peace of mind is priceless. :)...Hi Henry,<br /><br />I agree. Peace of mind is priceless. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79342519347986103002017-05-03T15:23:26.975+08:002017-05-03T15:23:26.975+08:00To each their own. I value peace of mind more than...To each their own. I value peace of mind more than anything. Debt free at 40. Almost bought a semi-D but luckily did not on second thoughts. Took a year break from career to spend time with family. Work became a personal choice like AK.<br />Counting money from dividend every quarter (like AK) is more fun than seeing bank account deplete every month paying off mortgage loan and worrying when Henryhttps://www.blogger.com/profile/11824479927853149272noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37608883675536067712017-05-03T00:27:28.944+08:002017-05-03T00:27:28.944+08:00Hi owq,
I have friends who does that too and the ...Hi owq,<br /><br />I have friends who does that too and the reason they gave me is that they would have the ability to rent out the room or rooms when they become senior citizens in future if they really need to have the source of income as a additional form of financial safety net. :)<br />Kevinhttps://www.blogger.com/profile/16280702711941276740noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91038231783070950812017-05-02T23:37:19.865+08:002017-05-02T23:37:19.865+08:00I don't understand why my friend bought an exp...I don't understand why my friend bought an expensive 5-room flat when they only have 1 baby. There are only 3 of them in total.<br /><br />People may ridicule Josephine Teo saying that you don't need much space to have sex, but I wonder who will have the last laugh.<br /><br />To each their own, I guess.owqhttps://www.blogger.com/profile/17428568773891044986noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89383003142000000912017-05-02T14:03:17.371+08:002017-05-02T14:03:17.371+08:00Hi Sammy,
Unfortunately, wage slaves are more the...Hi Sammy,<br /><br />Unfortunately, wage slaves are more the norm than the exception.<br /><br />I like being able to work because I want to and not because I have to. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80336778770711255582017-05-02T13:55:57.221+08:002017-05-02T13:55:57.221+08:00Well said! Too many young couples are buying flats...Well said! Too many young couples are buying flats that are 600-800k. Easily way over their paychecks. I work with young couples as my job, hence I learn about their housing choices often. To do so will place them in such a huge debt they are often stranded to their jobs for decades, afraid to quit and venture out to pursue the things that they love. Sammyhttps://www.blogger.com/profile/13109961118179610147noreply@blogger.com