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Teaching young children financial literacy.

Sunday, May 26, 2013

In the papers today, I read about two ladies who started a business in Singapore to teach financial literacy to children. 

I think it is a good thing they are doing.

This reminds me of a book which a friend told me about over dinner some time back. 

He said he wanted to teach his son financial literacy but found it difficult. 

I mean how do we talk to primary school kids about passive income without boring them to tears?





Anyway, my friend found a book which did the job and I am now inspired to share the book here with readers who might be in the same shoes as he was.

and help fund literacy for the poor.




The sooner children realise it is a good idea to make money work for them, the better off they will be in future. 

Want your children to be financially literate from a young age? 

Give them this book.




The curious case of Mr. Tan Kang Hua.

Today's INVEST section in The Sunday Times profiled Mr. Tan Kang Hua, a 27 year old engineer and avid investor who has had more hits than misses in his journey as an investor. 

It was reported that Mr. Tan often dresses shabbily as he does not want to flash his wealth. 

I guess he does not want to attract any attention. I can empathise with this.





However, accepting an interview by our national newspaper and having photos of him and his family published in full color must attract quite a bit of attention. 

Now, everyone who knows him and even people who didn't would know about him and his wealth. 

Curious why he would want to do this.





It was also revealed that his best investment to date was the first property he owned which was a 3 bedroom condo he bought in 2010 when he was 24 and still in university. 

He sold it off last year for a profit of $300,000 which translates to a ROI of 200%. 

Curious how did he manage to get a loan to buy a 3 bedroom condo when he was still in university.





I wonder if Mr. Tan Kang Hua is a reader of ASSI and if he could help satisfy my curiosity. 

Failing this, could anyone help to answer these questions?




Related posts:
1. Retiring a millionaire is not a dream.
2. Making your first million dollars in real estate investment.
3. Excuse me, are you an investor?


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