tag:blogger.com,1999:blog-3276688108456391559.post7918975927750169113..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: How Not To Be a Cheapskate In Your Journey To Financial FreedomSGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-3276688108456391559.post-63980148690520847002014-11-19T18:31:42.534+08:002014-11-19T18:31:42.534+08:00Yup Matthew. I like your last sentence, a life whe...Yup Matthew. I like your last sentence, a life where you don't need money to be happy. A simple life can be as happy or even happier than a luxurious life. Those who keep chasing money or material stuff will never find happiness in those stuff. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-84712968957836596872014-11-19T15:03:37.044+08:002014-11-19T15:03:37.044+08:00Hi SGYI,
Indeed! Frugality is a lifestyle of maki...Hi SGYI,<br /><br />Indeed! Frugality is a lifestyle of making wise money choices. When people start being frugal, people may take notice and perhaps ostracise them (as you've rightly pointed out, many might have confused frugality and cheapskate), but after some time practicing frugality, they will start noticing changes in their own lives. And trust me, their friends will also take notice.<br /><br />Being frugal since young, I find myself relatively free from sociocultural influences. E.g. I still use a not so smart phone and am prouding displaying my phone in public transport. In fact, when I send 1 sms to a friend, they usually reply with a few smses. They can do this because no one else is competiting for their 500 (or more) free smses for their phone plans. Not having a smart phone also mean less "after-office work" from employers. <br /><br />I don't care if I wear the same shirt or pants when I meet my friends.<br />Now am I cheapskate? My friends certainly know I'm not. <br />Why? I give them treats at restaurants, because I can, from the savings I get.<br /><br />Becoming frugal allows one to figure out what matters and what doesn't.. And that is the secret of meaningful life, a life where you don't need money to be happy.<br /><br />Regards,<br />MatthewAnonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-58536983527631062862014-11-18T21:17:36.882+08:002014-11-18T21:17:36.882+08:00Hi KS,
Just nice replied your email. Living a bal...Hi KS,<br /><br />Just nice replied your email. Living a balance life is what i like best. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-48005987015743776652014-11-18T21:13:01.474+08:002014-11-18T21:13:01.474+08:00Hi SGYI,
Great article, totally agree on the sen...Hi SGYI, <br /><br />Great article, totally agree on the sentence "live like a Spartan when nobody is around". <br /><br />It is important to spend part of your money for a small treat or a small gift. Building network and strengthen friendship on this small amount, definately a great investment. But at the same time, never forget the fact to save and spend wisely for our financial freedom!<br /><br />Dropped you an email, hope to hear from you soon. <br /><br />Regards,<br />KS TanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-82855981988678450732014-11-15T17:16:58.614+08:002014-11-15T17:16:58.614+08:00I had a hp when i was in sec sch also. As a young ...I had a hp when i was in sec sch also. As a young student, it is natural to want the latest and trendy stuffs. I bought a good camera hp with the money i earned from my part time when when i was 16 after my O levels. Those days really didn't know what it means to be saving money. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-23117485261823832522014-11-15T11:33:03.557+08:002014-11-15T11:33:03.557+08:00Times have changed. Nowadays most sec sch pupils h...Times have changed. Nowadays most sec sch pupils have hp, something unheard of in pple in their 40s, just to name an eg. Most<br />things are so ex. now. Hard to pass day without spending $.cookiehttps://www.blogger.com/profile/13479843455509178396noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-68704407286202256902014-11-14T20:28:50.385+08:002014-11-14T20:28:50.385+08:00Hi Aloysius,
I'm glad the article resonates w...Hi Aloysius,<br /><br />I'm glad the article resonates with you. Yes we can give a treat to those people we care about. In life we want both money and friends don't we? It'll be sad to have lots of money but nobody to share the joy with us. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-44432723680022342432014-11-14T20:08:34.957+08:002014-11-14T20:08:34.957+08:00Hi SGYI,
Great article on reminding us that there...Hi SGYI,<br /><br />Great article on reminding us that there is a thin line between being frugal and being a cheapskate!<br /><br />As a 20yo investing and trying to build capital, it's so easy for my to become cheapskate instead of being frugal. As you said, it doesn't hurt to pay that little money that can help to strengthen relationships and I totally agree! I'll definitely keep this at the back of my head when I'm out with my friends and buy them a simple meal/drink!Aloysiushttp://aloypro.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-86542040576454319302014-11-14T20:06:38.601+08:002014-11-14T20:06:38.601+08:00Hi Gerald,
This young lifestyle requires more mon...Hi Gerald,<br /><br />This young lifestyle requires more money to be spent. To not let it become a money issue, we have to plan our finances prudently. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-80098601270565679582014-11-13T23:03:05.274+08:002014-11-13T23:03:05.274+08:00The issue about younger folks hanging out in cafe ...The issue about younger folks hanging out in cafe and fast food restaurant, whilst true, is a lifestyle trend but not really about money issues.<br />I don't think it is correct to link the change in lifestyle with having more or less money. <br /><br />Regards,<br />SG Wealth BuilderAnonymoushttps://www.blogger.com/profile/08620224118938839739noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-214358002522189712014-11-13T20:46:03.006+08:002014-11-13T20:46:03.006+08:00Hi Uncle CW,
I pay for one at least once a week. ...Hi Uncle CW,<br /><br />I pay for one at least once a week. LolSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-25877103053563040692014-11-13T10:57:44.071+08:002014-11-13T10:57:44.071+08:00Are we cheapskate?
Just try to recall when was th...Are we cheapskate?<br /><br />Just try to recall when was the last time we pay for someone's coffee or meal?<br /><br /><br />LOL!<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-22767944109408355322014-11-13T09:31:39.373+08:002014-11-13T09:31:39.373+08:00Hi Richard,
Indeed. Sometimes it can be confusing...Hi Richard,<br /><br />Indeed. Sometimes it can be confusing between the both. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-54523096447519957162014-11-13T09:06:44.789+08:002014-11-13T09:06:44.789+08:00Very good reminder and I think line between frugal...Very good reminder and I think line between frugality and cheapsakte is kind of thin... ;-)Investopenlyhttps://www.blogger.com/profile/07785795437892877722noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-38514527271324981312014-11-13T08:00:44.696+08:002014-11-13T08:00:44.696+08:00Hi Kyran,
Hmm, I hope not too but there will alwa...Hi Kyran,<br /><br />Hmm, I hope not too but there will always be people who are confused between frugality and cheapskate. Maybe not equate but more of confused. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-82238880201142800002014-11-13T07:47:41.997+08:002014-11-13T07:47:41.997+08:00A succinct article that hits the nail. The only th...A succinct article that hits the nail. The only thing is I am not sure if people equates frugality as cheapskate. Then again if people really think so, that's another form of 'social disorder' in itself that needs a separate study altogether. HahaKyran Tanhttps://www.blogger.com/profile/02470625551768643110noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-17795614320401239742014-11-13T07:00:54.788+08:002014-11-13T07:00:54.788+08:00Hi B,
Yes you're right. Even when we buy thin...Hi B,<br /><br />Yes you're right. Even when we buy things we need, we can still buy it at a cheaper price. Ecen when buyung groceries, there are credit cards which gives 3-5% rebates. Over the months it adds up to quite a lot of money. To me, if I buy an air ticket, it'll be crazy to buy the same seat ticket at a more expensive price when I know I can get it at a cheaper price. After awhile of following the discount trend of airlines, I've come to realised when they will release cheap tickets etc. So I always wait for the discount. HahaSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-45409943867288786762014-11-12T23:26:53.389+08:002014-11-12T23:26:53.389+08:00Hi SGYI
I like your last example regarding bookin...Hi SGYI<br /><br />I like your last example regarding booking tickets. I think its about getting smart at the same time. Signing up for newsletter, taking advantagr of ocbc 360 etc are all examples of how a frugal person can take advantage of the situation by reducing the expenses.Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-75336825280537879612014-11-12T20:26:28.773+08:002014-11-12T20:26:28.773+08:00Hi SRSI,
You got a good example there. There are ...Hi SRSI,<br /><br />You got a good example there. There are indeed people who are like that. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-33383566832230008592014-11-12T18:40:07.048+08:002014-11-12T18:40:07.048+08:00Hi SGYI,
I like the comparison of being cheapska...Hi SGYI, <br /><br />I like the comparison of being cheapskate as a social disorder.<br /><br />I got reminded of a friend who is often unavailable (with excuses) when my group of buddies get together to celebrate someone's birthday. But he will always avail himself when it's time to celebrate HIS birthday. SShttps://www.blogger.com/profile/05793020624721538791noreply@blogger.com