Two questions which will help us build wealth.

UPDATED IN JULY 2018.

Very often, when people buy things, the thing they wonder about is whether they can afford it or how can they afford it?

Affordability should never be the main question.





Try these:

1. Is this necessary?

2. Is it value for money?

Simple questions.


Simple, right?

Simple to understand but not easy to do?

If we have the ability to do it, our will must be strong.

If we have the ability to do it and if we are serious about building wealth, don't squander it.








Always ask these two questions before we buy anything and, in all likelihood, we will be saving more money in future.





Related posts:
1. Three point turn.
2. Needs and wants.
3. If we are not rich, don't act rich.

Tea with Matthew Seah: The top 8% of the world's wealthy.

Son : Why are we not rich ?
Dad : Who says we're not rich ?
Dad :Being rich is not about how much you have , but how much you give .
Dad : Somehow when you give, you'll be happier .
Boy: *sulks, and after reflecting*, I wasn’t happy.

Watch this video:

https://www.youtube.com/watch?v=1DUYlHZsZfc

Do you feel like the boy, or the dad?

In Singapore, the circumstance is such that many live from paycheck to paycheck and have no money or worse, they are in debt. These people will be thinking like the boy.

The tax rebate on your taxable income is 2.5 times your donation for the year. This turns out to be an effective tax rate of 40%.

$1 donation / $2.5 income recognized by IRAS = 40%

Whenever you give, you are actually giving at a tax rate of 40%!

Now if you are thinking like this, you definitely won’t be happy as well.

If you can read and understand this, then count your blessings, give and be happy!

Let’s all show some beautiful display of free, gracious generosity.

Related posts:
1. Counting our blessings.
2. An appeal by AK71 for funds.
3. Ways to reduce income tax.
4. Make a donation to help needy students. 
(Added on 8 Oct 15).