tag:blogger.com,1999:blog-3276688108456391559.post953531492620214496..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: A conversation with colleagues and my thoughts on povertySGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-3276688108456391559.post-52026108195045927732014-05-01T15:12:29.698+08:002014-05-01T15:12:29.698+08:00That is true. Renting a car may be another option....That is true. Renting a car may be another option.SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-75562929578923395932014-05-01T11:57:28.846+08:002014-05-01T11:57:28.846+08:00For official traveling I call or book Taxi. Now wi...For official traveling I call or book Taxi. Now with GrabTaxi Apps, it is easier to call taxi. Sure ComfortDelgro will counter with better apps.<br />CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-43911179117247352702014-05-01T11:41:40.253+08:002014-05-01T11:41:40.253+08:00Hi Uncle CW,
Many people bought their cars much c...Hi Uncle CW,<br /><br />Many people bought their cars much cheaper 5 years ago when there's a financial crisis. Probably will be a good time to buy once there's a crisis again. Having a car is a luxury but I think if we can afford it then why not? I do drive in my course of work and the convenience it brings about is unmeasurable. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-43855222872247852452014-05-01T10:28:38.755+08:002014-05-01T10:28:38.755+08:00In my office, I am among the rare few after workin...In my office, I am among the rare few after working XX years still don't own a car.<br /><br />In Singapore, BMW can reach anywhere. The last leg of your journey will be covered by W.<br /><br />Who are those people having the luxury of not having to rush to save on their traveling time?<br />CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-31470125869356277222014-05-01T10:09:01.529+08:002014-05-01T10:09:01.529+08:00Hi Gerald,
I'm ok with myself not owning a ca...Hi Gerald,<br /><br />I'm ok with myself not owning a car. Taking bus and MRT is alright for me. But the thing is all my relatives own a car and if we go out together, its troublesome for us if they drive and we don't. Taking bus and MRT will never catch up with driving a car. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-1852429356173717882014-05-01T01:27:25.477+08:002014-05-01T01:27:25.477+08:00Singaporeans are damn shallow. Our measures of suc...Singaporeans are damn shallow. Our measures of success in life are always in term of money, car and house. You wrote that your father don't own a car so your family feel inferior to your uncles and aunties? Oh come on, get a life. So many people grew up not having family cars, me as well. A lot of our parents are also not well educated or have zero education as well.<br /><br />Regards,<br />SG Wealth Builder<br />www.sgwealthbuilder.comAnonymoushttps://www.blogger.com/profile/08620224118938839739noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-53157258677982583482014-04-18T19:47:03.709+08:002014-04-18T19:47:03.709+08:00Hi Pips,
You got a fellow 20-year old in me too.
...Hi Pips,<br /><br />You got a fellow 20-year old in me too.<br /><br />WG LeoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-67830413628778019242014-04-18T19:44:14.880+08:002014-04-18T19:44:14.880+08:00Hi LP,
I agree with your point. To add on, I find...Hi LP,<br /><br />I agree with your point. To add on, I find that we often see things that we want to see. For instance, if we have the conception that a certain group of people are of a certain character or nature, then our mind tends to look for evidence to reinforce it. And, social media helps to reinforce it as it provides more instances of such behaviour.<br /><br />WG LeoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-26126182429278719772014-03-27T18:26:15.420+08:002014-03-27T18:26:15.420+08:00Hi Pips,
That's my exact sentiments. I'...Hi Pips, <br /><br />That's my exact sentiments. I'm a worrier by nature but I've learnt to slowly not get too worry about stuff. I was a perfectionist and want everything to be perfect but life is never perfect. This is what I have to understand. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-14915105157002051212014-03-27T17:55:33.794+08:002014-03-27T17:55:33.794+08:00Hey, I thot im the only Siao crazy guy in late 20s...Hey, I thot im the only Siao crazy guy in late 20s that keep think about money number, calculating here and there and comparing this and that.. after reading your post, I feel contented that im not the only one. hahaha.. I've live so called frugal and simple lifestyle without buying any branded stuff( I don't fancy it anyway) was also worrying what happens if I were to have gf and get married and settled for a family, all my warchest for investment would be depleted. by then will I be able to achieve my financial freedom. all this stop me from finding a companion to settle down unless I build an income portfolio decent enough that I can stop setting a portion of salary into the portfolio.. there are people that think we are crazy but I think we r the type that wanna choose a much safer and comfort road.. <br /><br />CheersPipshttps://www.blogger.com/profile/11115207094621274461noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-23870199416237882932014-03-21T11:41:12.678+08:002014-03-21T11:41:12.678+08:00Hi temperament,
Of course I don't mind. Feel ...Hi temperament,<br /><br />Of course I don't mind. Feel free to chat around in my blog ;)SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-75835703289622911122014-03-21T11:09:09.634+08:002014-03-21T11:09:09.634+08:00Hi CW8888,
My respect to you again.
As a parent n...Hi CW8888,<br />My respect to you again. <br />As a parent nothing is too great a sacrifice for our children. <br />Respect from me, wholeheartedly.<br /><br />SGYI,<br />Hope you don't mind.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-51114248910702657062014-03-21T11:04:44.479+08:002014-03-21T11:04:44.479+08:00Hi Uncle CW,
Glad you manage to survive. Life mus...Hi Uncle CW,<br /><br />Glad you manage to survive. Life must have been tough for you to feed so many mouths but it is worth it to see yor family healthy and your kids grow up.<br /><br />My parents went through a lot too sacrificing every bit of their income just to get the best environment for us. We may not have the luxuries of life but we're happy nonetheless. I'm confident to say that my relationship with my family is closer than most young people out there. I appreciate and am grateful for all that I have. <br /><br />I think as long as we live within our means, life shouldn't be too bad for us. Its when people want something that they cannot afford that lead to trouble. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-83238835945155160812014-03-21T10:06:30.578+08:002014-03-21T10:06:30.578+08:00I have survived with single household income to fe...I have survived with single household income to feed five mouths and not even high income earner.<br /><br />Read? <a href="http://createwealth8888.blogspot.sg/2011/06/are-you-one-of-high-income-earners-in.html" rel="nofollow">Not high income earner </a><br /><br /><br />We shouldn't worry too much!<br /><br />We are more likely to get through in our life but being single or DINK is lot easier on money matters as you can spend your own money without worrying too much or feeling guilty of not feeding enough to other mouths.<br />CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-35472238302759946722014-03-20T22:16:36.828+08:002014-03-20T22:16:36.828+08:00Hi temperament,
You're right. Money has no me...Hi temperament,<br /><br />You're right. Money has no meaning anymore at a certain stage. Especially when we're old. I know very well that if we chase money when we're young and sacrifice other things for example time with family, kids, friends etc, then we would have miss out all those great relationships. All these are missed out when we're too busy making money. <br /><br />But what if we could have money and also have the time for all the relationships? Is it possible? Do we have to really work so hard and use up all of our time just to earn more money? I believe that we can have both the time and money. Maybe I'm greedy but I think its possible. Investing young is one of the keys to building wealth. Don't have to work so hard if built properly. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-30836648353602001622014-03-20T20:40:06.617+08:002014-03-20T20:40:06.617+08:00Hi young man, let me tell you when i was at your a...Hi young man, let me tell you when i was at your age i knew nuts about anything. You are considered super to me already. <br />Most bloggers know this old man of 65+ who only have the guts to plunge into the SGX Market at a quite advance in age of 40. (Sorry, i think there are people older than 40 who first take the plunge).<br /><br />i bet if you can succeed in making investing in the stock market one of your lifetime's calling, you will be able at least to retire comfortably if not a millionaire.<br />Sorry, i am still trying.<br /><br />But nobody no matter how rich (aka WB. or Stanley Ho) will know money has no meaning at the end of his journey on this Earth. Most people will regret about some of their human relationships but not about their money. i do already.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-63762703515511082262014-03-20T13:22:10.327+08:002014-03-20T13:22:10.327+08:00Hi B,
I was fixated about money because I started...Hi B,<br /><br />I was fixated about money because I started working and saw so many of my older colleagues can't retire as they did not plan for it. They had to continue working even though they don't like. <br /><br />I'm happy with what I have. At the same time I look at what is possible to achieve and strive to improve myself. I don't know is that consider comparing? Some how I set my goals base on what others have achieved before. This gives me an assurance and also makes it easier. I will never do anything extreme just to get money so I set measurable goals. <br /><br />I've indeed learnt a lot through investing. The experience is really great. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-13038216717876942232014-03-20T12:55:33.254+08:002014-03-20T12:55:33.254+08:00Hi SGYI
You may be fixated about money but at lea...Hi SGYI<br /><br />You may be fixated about money but at least you do know whats going on early in your life. Many people who has not learnt that early will have tougher days to cope at the later stage of their life.<br /><br />SMOL is right. Try to stop comparing as we will neither be the worst or best. One thing certain is you will be amazed by how you grow maturely as the days and years pass by, whether you are losing or earning money in your portfolio ;)Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-11711520690817433582014-03-20T11:10:04.017+08:002014-03-20T11:10:04.017+08:00Hi LP,
Seems like its a misconception which my pa...Hi LP,<br /><br />Seems like its a misconception which my parents implanted in me. Haha.. they keep saying young people nowadays..... maybe their generation was also same but they say we're different.<br /><br />I will continue pressing on! <br /><br />SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-53211393293261280722014-03-20T10:58:32.061+08:002014-03-20T10:58:32.061+08:00Hi SGYI,
Actually nothing much is new in this wor...Hi SGYI,<br /><br />Actually nothing much is new in this world. You might have thought that the older generations are more thrifty and wise? Nah, not true. You might have thought that the girls of the previous generations are less concerned with branded bags and guys are happier and not so worried about finances? Nah, not true too. Perhaps the only difference is that with the social media, the pple of this generation are more vocal and more likely to speak their mind. Most of everything stays the same.<br /><br />Keep up the good fight!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-84433301016916579362014-03-20T10:32:20.189+08:002014-03-20T10:32:20.189+08:00Hi Derek,
$ sign is everywhere. But I know life i...Hi Derek,<br /><br />$ sign is everywhere. But I know life is more than the money. To me happiness is more important than money. But I know deep in my heart that if we don't handle the money aspect well, it'll come back to remind us one day. If you can't pay your bills how to be happy? <br /><br />I'm actually quite an easily contented person. I don't go for material possessions and I don't fancy all those luxury stuffs. A simple life is more than enough for me. I do find joy in doing simple things. <br /><br />By the way, you're the owner of thefinance.sg right? I hope I didn't get it wrongly. Haha.. anyway, contact me through email and we can share more. A meet up is possible too even though I'm anonymous. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-1503123996779132052014-03-20T10:22:09.153+08:002014-03-20T10:22:09.153+08:00Hi gagmewithaspoon,
This post was more or less a ...Hi gagmewithaspoon,<br /><br />This post was more or less a grumble from my side. Sometimes life just makes me think so much. <br /><br />Life is not always smooth. I acknowledge that. Even if we plan everything, things could still happen. It's what we do to solve all those problems which is important. Problems do make us stronger don't they? <br /><br />The comments inspired me too. I feel so blessed to have other more experienced bloggers giving their advices. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-14177811451341425762014-03-20T10:02:26.430+08:002014-03-20T10:02:26.430+08:00Hi SGYI,
Thanks for sharing. As per advised, we s...Hi SGYI,<br /><br />Thanks for sharing. As per advised, we should not compare or tag everything with a dollar sign, but I know it's Difficult! Our society can be very unforgiving.<br /><br />I'm ten years older than you and I'm still buoyed down by the same insecurities. I don't have a 100K, I don't have a property or own a car but at least I'm more content –in a better financial shape and have learnt to appreciate other things in life.<br /><br />Let's meet up for coffee. We share a similar background and I believe we have much to talk about.<br /><br />Cheers!Derekhttp://thefinance.sgnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-21973700269772954202014-03-20T09:57:47.263+08:002014-03-20T09:57:47.263+08:00Hi SGYI
Your post and the accompanying comments r...Hi SGYI<br /><br />Your post and the accompanying comments really inspired me to try blogging and investing again. I just posted again in my blog after a 3.5 year hiatus. Like you, I came from a lower-middle income family and always compared myself against everyone. I worked super hard in school in the hope of landing a job with good cash. alas, life does not work this way. Anyway i digress - all the best in your investment journey, looking forward to more of your articles! <br /><br />http://financialmerdeka.blogspot.sg/gagmewithaspoonhttps://www.blogger.com/profile/12108225800257809452noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-37788910410713689782014-03-20T08:30:49.331+08:002014-03-20T08:30:49.331+08:00Hi Musicwhiz,
I haven't reached 100k yet. Pro...Hi Musicwhiz,<br /><br />I haven't reached 100k yet. Probably in the next 2 years based on my current salary and lifestyle. I don't have to purposely try to achieve that as its more or less on auto pilot now. <br /><br />Yeah, investing is the way to go. I have about 20k in my stocks portfolio now which will give me dividends of $1000+ this year. Value investing and investing for income works together. I would like to blog more on investing but the current market conditions seems like there isn't much for me to buy now. Also, I don't think I'll be adding more stocks to my portfolio for the time being. Need a war chest to prepare in case a crash happens. I'm 2 years into building my portfolio. Slowly and steadily I'm growing it. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.com