Distinguish Between a “Want” and a “Need”

During this festive season, many of us indulge in shopping to "spruce" up our lives. Buying the luxurious Louis Vuitton handbag, a luxurious watch or the latest gadget are some ways of how people enhance their lives. However, let's take a step back and decide if we really need those things. Is the latest watch a "want" or … Continue reading Distinguish Between a “Want” and a “Need”

Follow this and you will have a sound financial life!

Multiple-choice Question: Income - ____________ = _____________ (a) Savings, Expenses (b) Expenses, Savings The answer for prudent financial management is (a). However, many people follow option (b) in their daily lives as it's "easier". If one wants to take control of their financial life, one should always save part of their income first when you … Continue reading Follow this and you will have a sound financial life!

How a salaried employee became a millionaire?

A few days ago, I went for a talk on "Path to Financial Freedom" by Dennis Ng. It was actually a free preview for his workshops but one could learn a thing or two from the preview. He has been featured in many local newspapers and TV shows and writes for MyPaper every alternate Wednesday. What … Continue reading How a salaried employee became a millionaire?