tag:blogger.com,1999:blog-3276688108456391559.post6073684926568286818..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: How to spend on an overseas holiday but still have money? SGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3276688108456391559.post-61888466784113875352014-09-16T18:13:43.591+08:002014-09-16T18:13:43.591+08:00Hi TIA,
Hope you enjoyed the book rich dad poor d...Hi TIA,<br /><br />Hope you enjoyed the book rich dad poor dad. Yes we should reinvest the income if possible as it would grow our money even faster. But as you said, we can't totally not spend too. <br /><br />I believe in getting the best deals for travelling too. I went to Taiwan before on a $200 2 way air ticket. I've not seen this price since then. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-82351411603750424352014-09-16T11:56:02.502+08:002014-09-16T11:56:02.502+08:00Hi SGYI!
Great explanation on passive income! I h...Hi SGYI!<br /><br />Great explanation on passive income! I have just finished reading that book and saw your post here :D<br /><br />However in my opinion, one should always reinvest their passive income back into their investment for further growth and avoid the mentality of using up these streams of extra income, especially if he is still young.<br />Albert Einstein — 'Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.'<br /><br />Not saying that one should not spend it totally nor not go for any holidays, I believe the best way to leverage your spendings on overseas holidays are still to find good deals (such as recent Scoot's $0 tickets, current TigerAir $0.10 birthday sale tickets, etc.)! <br />It's like a market of its own. There are seasons of the year when the flights to specific countries are the most affordable, and times when they are priced too unreasonably just because of surge of demand.<br />Thus finding the best deals/packages/mileage promotions, would definitely be the better option compared to using passive income regardless! :)<br /><br />On top of that, going overseas in less peak periods will yield a much better experience most of the time (less stress from overcrowding, lesser queues everywhere, cheaper ticket/entrance fees)<br /><br />The problem is that this will never work for people with a extremely busy job that prevents them from taking vacation leaves anytime of the year.. But fair enough for most others I guess.<br /><br />Regards,<br />The Independent AbecedarianThe Independent Abecedarianhttp://www.theindependentabecedarian.com/noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-54344711762046852452014-09-11T22:41:29.411+08:002014-09-11T22:41:29.411+08:00Hi Gerald,
Yes investing in ourselves is the best...Hi Gerald,<br /><br />Yes investing in ourselves is the best investment we can make. It is for life!SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-75815850359860588682014-09-11T21:51:42.382+08:002014-09-11T21:51:42.382+08:00The best assets in our lives are our knowledge, he...The best assets in our lives are our knowledge, health and mind.<br />I always believe in investing in ourselves.<br /><br />Regards,<br />SG Wealth BuilderAnonymoushttps://www.blogger.com/profile/08620224118938839739noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-72314488023910670712014-09-11T21:46:10.276+08:002014-09-11T21:46:10.276+08:00Hi,
Wah, good wife can check? Haha
Most of us st...Hi,<br /><br />Wah, good wife can check? Haha<br /><br />Most of us start by working for somebody else. Those who discover how to achieve financial freedom along the way will have a better head start. Discovering early is advantageous too. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-64257029701453765292014-09-11T19:05:44.420+08:002014-09-11T19:05:44.420+08:00Good summary. Yes passive income. Go for multiple...Good summary. Yes passive income. Go for multiple streams and beware of the risks and rewards. First try the corporate ladder. If can climb, climb as high as you can. Second consider starting a business but high risk for high gains. Next, invest but need to ride the wave and catch the right part of the cycle. Be it stocks or properties, ride the wave and multiply your passive incomes. All the time, check your all round defence eg insurance, expenditure, good wife LOL, no vices, etc....and you will gain financial freedom and independence faster than others. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-44708173650352511412014-09-11T07:12:40.085+08:002014-09-11T07:12:40.085+08:00Hi MH,
Good job on your donations! Its very nice ...Hi MH,<br /><br />Good job on your donations! Its very nice of you to prioritise donating money even if you lose your active income. <br /><br />I hope that through this article, people will be able to look at spending from a different angle. The good thing about this is passive income continues to flow in the next year even if we do not spend on it. And even if we spend again, our savings is still there and savings from our active income will continue to grow. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-8713157874984283092014-09-11T00:35:05.489+08:002014-09-11T00:35:05.489+08:00For my donations funding starting from 2015 l have...For my donations funding starting from 2015 l have just started a permanent stocks holdings. By doing so, it put my mind at ease should l lose my active income job one day but my donation activity continues.<br /><br />Your write up is a wonderful tips for those fearing of having not enough money to pursue their dream of yearly holidaying, buying a newly launch smartphone every year, etc etc Money Honeyhttps://www.blogger.com/profile/06816123060281181046noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-3686040232004994592014-09-10T21:55:26.451+08:002014-09-10T21:55:26.451+08:00Hi aceirus,
You good! I have to learn from you. h...Hi aceirus,<br /><br />You good! I have to learn from you. haha.<br /><br />For me, i buy plane tickets only when there's a discount and for accommodation, there are online sites which allows us to compare and contrast for the best quality but cheapest stay. Too bad i don't have that many overseas friends. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-76543048115942719952014-09-10T21:31:15.312+08:002014-09-10T21:31:15.312+08:00To take this a step further. Usually the 2 main ex...To take this a step further. Usually the 2 main expenditures of a holiday are: Accommodation and Flight.<br /><br />1. Try to know more friends overseas. I have been saving alot of money just by staying at my friend's home for my travels in the past 3 years :)<br /><br />2. Earn miles by signing up for free membership, and then once you accumulate enough go claim your free flight :)Anonymousnoreply@blogger.com