Minions of wealth destruction.

I have warned against the evil installment plans and their minions. Don't remember? See related post at the end of this blog post.

Minions can be in your face or minions can be in disguise. One way or another, they will lead to wealth destruction.

What? Pay for a purchase using interest free installment plan offered by your credit card is not wealth destructive? Aiyoh, they will take money from you in another way lor. Don't believe me?

Reader:
AK, did you blog about how having a lot of credit cards and debit cards will insidiously suck annual fees out from you when you least expect it? Recently i have been hit with quite a number of those and some banks refused to waive the fees. And i couldn't cancel the card as i have a on-going installment payment. Hopefully can warn others reading your blog not to charge those 12 or 36 months payments anyhow to your credit cards, later you kena those banks don't want to waive your annual fees and you can't do anything about it. I'm cancelling all my credit and debit cards save the 365 credit card and two ATM cards. Thoroughly disgusted :( $192 down the drain.

AK
Oh, I never use installment plans de. That is consumption debt. I dun like. I buy, I pay one time and that's it.
I can cut and paste your experience in my blog. Can?

Reader:
sure, just hope others will learn from my mistake

See? I never bluff you.

Related post:
Evil installment schemes and minions.

Be a wealthy and happy peasant. ("Singapore is one of the world's most unhappy nations.")

Reader says...
AK talks about how we should make more money, save more money and try to be financially free.

I am trying my hardest to be like him. Must have $150K in annual passive income and $700K in CPF account by age 45.





Alamak! 

AK didn't say to be like him! 

Mai luan luan gong hor.

I always say I am only talking to myself here in my blog but since so many people walk past my home and eavesdrop on a daily basis, I want to issue two statements in my loudest voice.





1. Don't compare yourself with AK or anyone else!

You are you. 

I am I. 

They are they. 

Everyone's circumstances are different. 

Do what you need to do to become financially free but do what you can do. 

Don't give yourself too much stress!






2. Don't become unhappy in the pursuit of financial freedom!

I know someone who was working very hard and trying to save more money. 

He did save a lot of money within a year but he was burnt out and depressed at the end of it.

All of us are made differently. 

Know ourselves. 

Cut ourselves some slack if we have to.





Alamak, I think I am going to get a sore throat from talking so loudly. 

Going to brew some liang teh now. 

See? AK listens to his body.

Aiyoh, why are you still here? 

What? I only talked about the happy part? 

I left out the wealthy part? 

Go read related post #2.

If you understand Hokkien, go to related post #1. 

I hope it puts a smile on your face.

Cough.




-------------
"Singapore is one of the world's most unhappy nations." 









Related posts:
1. Be happy!
2. Three attributes of a wealthy peasant.