Tag: personal-finance
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My top 3 books about personal finance
Personal finance is more personal than finance. I believe the best way to learn is through reading and doing. I’ve already written about books like If You Can and The Art of Spending Money. These books are great and they really helped me on my money journey. If you are wondering which books to start…
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How much should you save a month?
This is something that everyone asks. Let me share with you something that I don’t normally tell others. I’m not currently saving anything. I’m actually spending more than I’m making. It can seem very hard to save when this is your situation. I know, because it’s also something I’m struggling with. Here’s what I’m doing…
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A basic guide to financial planning
There is only one job of a financial plan. It is to make sure you have the money you need when you need it. And there are 4 simple steps to complete. Step 1: Spend less than you earn A financial plan cannot work if you don’t have money left over. For the plan to…
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The art of spending money
and the tragedy of not doing so. Masashi, 76, and Hisako, 74, are married. They retired with $350,000. They also have a pension of over $2000 per month. They were frugal and they saved for retirement. And they regret it. Morgan Housel writes about why they aren’t the only ones in The Art of Spending…
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A Singaporean retired at 35. What can we learn from him?
As I was writing another blog post, I saw that someone shared a CNA video. I was stunned. If you haven’t seen the video, you can watch it here: Colin Lau retired at 35. He has financial freedom. And he is not rich. How did he get here? Should we follow him? And what can…
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Can you retire with $1 million dollars?
$1 million is a lot of money. I don’t have $1 million dollars. The median Singapore household has $1,755,000 in net wealth. This includes a hefty dose of property in that value, so we can strip that away. We’d prefer to retire with a roof over our heads. With that being said, how much does…
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AI made me a retirement plan…with some problems
I asked AI if it could make me a retirement plan. Gemini concluded I could retire at 65 with $8560 a month. Was it right? The starting line I gave it an age of 31, a starting amount of $100k, a monthly contribution of $500, and a retirement age of 65. Oh, and I told…
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Children probably shouldn’t go cashless
Cashless payment is kind of amazing. The ability to tap and pay with your credit card only started in the 2000s. Nowadays, it is ubiquitous. And with it comes a loss. A lost opportunity to teach our kids about money. Robin Powell speaks about having three golden experiences at home that will make kids better…
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How to outperform everyone in personal finance and investing
For too long, this blog has focused on being average. Here’s how you can be better than everyone. 1. Spend, spend, spend. You Only Live Once. Saving is for those who are scared. Instead, spend like every day is your last. You have to make your days count. What’s the point of saving when you…