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.
PRIVACY POLICY
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.
Archives
Pageviews since Dec'09
Recent Comments
Get this Recent Comments Widget
ASSI's Guest bloggers
- boon sun (1)
- Elsie (1)
- Elvin H. Liang (1)
- ENZA (3)
- EY (7)
- FunShine (5)
- Invest Apprentice (2)
- Jean (1)
- JK (2)
- Kai Xiang (1)
- Kenji FX (2)
- Klein (2)
- LS (2)
- Matt (3)
- Matthew Seah (18)
- Mike (6)
- Ms. Y (2)
- Raymond Ng (1)
- Ryan (1)
- Serejouir (1)
- skipper (1)
- Solace (13)
- Song StoneCold (2)
- STE (9)
- TheMinimalist (4)
- Vic (1)
Resources & Blogs.
- 5WAVES
- AlpacaInvestments
- Bf Gf Money Blog
- Bully the Bear
- Cheaponana
- Clueless Punter
- Consumer Alerts
- Dividend simpleton
- Financial Freedom
- Forever Financial Freedom
- GH Chua Investments
- Help your own money.
- Ideas on investing in SG.
- Invest Properly Leh
- Investment Moats
- Investopedia
- JK Fund
- MoneySense (MAS)
- Next Insight
- Oddball teen's mind.
- Propwise.sg - Property
- Scg8866t Stockinvesting
- SG Man of Leisure
- SG Young Investment
- Sillyinvestor.
- SimplyJesMe
- Singapore Exchange
- Singapore IPOs
- STE's Investing Journey
- STI - Stocks Info
- T.U.B. Investing
- The Sleepy Devil
- The Tale of Azrael
- TheFinance
- Turtle Investor
- UOB Gold & Silver
- Wealth Buch
- Wealth Journey
- What's behind the numbers?
Two questions which will help us build wealth.
Saturday, March 22, 2014Posted by AK71 at 5:05 PM 9 comments
Labels:
money,
money management,
savings,
wealth
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:
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.
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%!
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:Let’s all show some beautiful display of free, gracious generosity.
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).
Posted by AK71 at 10:31 AM 3 comments
Labels:
donations,
Matthew Seah
Subscribe to:
Posts (Atom)
Monthly Popular Blog Posts
-
Time flies and it is time for another quarterly update. Before I start on the update proper, I just want to say a few words about Wilmar Int...
-
I have been asked this question in various forms by various people over the years. "How much cash are you holding now?" However, l...
-
Stock prices of DBS, OCBC and UOB have been rocketing higher! How do I feel? I have mixed feelings, really. I would like to add to my invest...
-
I shared a photo of one my favorite ships in World of Warships in a video yesterday. Bismark is a ship I enjoy a lot and I have had many ho...
-
I used to blog about my meals in the early days of blogging. Haven't been doing it for many years. Anyway, I love fish fingers. Specific...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...
-
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...