Being A Millionaire Is Just 11 Steps Away – The Doubling Game

If you were to work for 50 years of your life and then consolidate all your earnings in your entire life just to see if you’ll be able to earn a million dollars, you would be able to achieve it with an average income of $20,000 per year, even without investing. As you can see, that is an easy sum to achieve with an annual income of $40,000 if you save 50% of your pay.

In fact, you might already know a millionaire in your social circle. Man, I wouldn’t even be surprised if you are already one yourself.

But really, do you want to work for 50 years of your life? Continue reading “Being A Millionaire Is Just 11 Steps Away – The Doubling Game”

Advertisements

The red in my portfolio – Comfortdelgro down 15.45%

I have blogged quite a few posts about my buy in to ComfortDelgro (CDG) and why I thought it was a good buy. albeit being overvalued when I calculated the company’s actual intrinsic value.

Today, I would have to eat my words. And it is indeed because I chose to pay a premium for the stock in the beginning at $2.33. Continue reading “The red in my portfolio – Comfortdelgro down 15.45%”

The problem with reading investment books – 401(k) plan

 I have a big problem when it comes to reading investment books. More often than not, the books are written by authors from the USA and many of them include the option of using the 401(k) as a tool to improve their finances, as like what a typical Singaporean would do with her CPF system. It is such a pain because I don’t know what are the actual benefits of the 401(k) and the limitations of it. I also can’t relate to the tips that the books are trying to convey no matter how many times I read it, and because of this, the usefulness of the books isn’t 100% brought out.

Thus, the birth of this post. I’m done with this. And since Miss Niao has quite a few readers from the US, I hope that this post would benefit them as well. Continue reading “The problem with reading investment books – 401(k) plan”

Investing your CPF money, really?

There was a period of time earlier this year that I contemplated on using my CPF money to invest. I sought some advice from my financial adviser back then on how the process is like and what options were available. The idea of using money that has to be locked away for a long, long time and not having to consider much “risk” with using cash on hand was a tantalizing thought indeed.

But the idea didn’t last long with me. Continue reading “Investing your CPF money, really?”

Miss Niao is an “Investment Blogger”

So that’s what I’m supposed to call myself. :p

I’ve been receiving tons of traffic these couple of days. Mainly because Miss Niao is finally, finally indexed on TheFinance.sg (Thanks Derek!). Seedly has also published their featured post on Miss Niao two days ago. If you happened to originate from any of those sites, thank you very much for dropping by! I try to be as interesting as I can for all of you and I hope that whatever I am doing is working. 🙂 Continue reading “Miss Niao is an “Investment Blogger””

How it feels like to date someone frugal

If you ever had a chance to ask my BF about how it’s like to date me, I’m pretty sure that the first thing he’ll comment on would be my spending habits. Dating me also means having to consider the price of almost everything – from trivial items like food, dating activities to bigger ticket items like household equipment… Well, you get the gist.

He doesn’t mention it very often but I think he gets ticked off sometimes. I mean honestly, I would to if I were to be in his shoes. But he knows the story behind my spending habits and is able to be empathizing enough to understand why I am the way I am. I am lucky that he does.

Of course, there are times when I am not that frugal because I am human and I like to enjoy life once in a while. Continue reading “How it feels like to date someone frugal”

To study and stop working – Cost of living in Singapore

I have a friend who is contemplating to go back to school after being in the workforce for some time. She had a few concerns, one particularly related to money management. Her degree is going to be a three year long study period and therefore would significantly impact her finances.

Over the weekend, we sat down together with another friend to go through her personal cash flow. The list looked something like this: Continue reading “To study and stop working – Cost of living in Singapore”