UK Raises Interest Rates
1. Fed has been saying that they will raise interest rates to curb inflation. 2. UK has raised interest rates for the first time in 18 years, since 2004. 3. US will most likely also raise interest rates soon, as…
Category Blog Posts
Choosing Which Crypto To Invest In
Bitcoin first came out in 2009, and soon after a few other coins came out. Quickly gaining traction among the circle of blockchain and decentralisation enthusiasts, crypto currency soon became a hot topic and became a financial instrument by itself,…
Skeletal Plan Towards Financial Freedom Part IV – Persisting
The last step in the skeletal plan of working towards financial freedom is mainly just about persisting. Everybody can run 100m, but running 42km is a feat accomplished by a few. Even if you can run 100m in 10 seconds,…
Skeletal Plan Towards Financial Freedom Part III – Growing Your Money
Now that you have saved up a portion of your money, your next step will definitely be growing your money. At this stage most people will tell you that passive income is the way to go, letting your money work…
Skeletal Plan Towards Financial Freedom Part II – Saving Money
In the last article we talked about earning money as the first step towards financial freedom. Assuming we have already done that, that is getting a job and more, we are now ready to proceed with the next step. The…
Skeletal Plan Towards Financial Freedom Part I – Earning Money
For commoners like me who do not have a strong family background, achieving financial freedom is a very big but still achievable goal. One that requires a lot of time, effort and sacrifice. The process takes place over the span…
Children Are Not Our Investments
In Chinese there is a saying called 養兒防老, which basically means raising a child (a son, specifically) defends against old age. In traditional Chinese culture, and perhaps in many other culture as well, the sons are the ones who will…
Inheritance Should Not Be Given After You Are Dead
Many people aim to leave behind as large an inheritance as possible for their children upon their death. The logic is very simple. After they die, the wealth (or whatever money and assets they owned) they pass on to their…
Paying For What You Do Not Need
Once when I was in my teens, I was talking to a fellow older colleague about handphones. It was still the era before Android, during a time when Nokia and Sony Ericssson was still in the market. My colleague was…
The Cost Of Being Poor
Some of you may have heard of Captain Vimes’ boots theory of social-economic unfairness. This originally came from a novel, but what it said made so much sense that it became popular. In essence, it is saying that the rich…
Does A New Year Really Bring New Hope?
New year, new hope. New year, new me. New year, new dreams. New year, new goals. We hear this often, and some of us may be guilty of saying that. But after so many years, has anything changed for the…
Spending Excessively On Hobbies
I joined the military when I was 19 for 2 years, being part of the conscription programme of Singapore. I remembered I was quite good with one of the lieutenants then, who had signed on and made the military his…