Personal Finance
Daily Lattes cost 3.6 years of your life – Understanding Financial Mathematics
I realized that not many people know financial mathematics, or just plain mathematics. It is a pre-requisite to financial independence.
Let me give you one example.
Billy the Banker downs 2 lattes a day at an upmarket coffee joint, one just before the work day starts, and another in the late afternoon. He might even throw in [...]
Groupon shows that rich people save more
Groupon.com made coupon cutting digital and had gained popularity in recent years. I was looking at some demographics and data of Groupon users and I am amazed that I found affluent people tend to use Groupon more than the poor! Below are some of the interesting information:
1. Income
Amazingly, the use of Groupon rises with income. [...]
Income Tax – Singapore vs US
It is coming to the end of the year soon and we will need to file our taxes!
I was just looking at the tax brackets and see where I stand, and if I need to cut some taxes by doing a CPF top up or putting money into SRS. I always believe Singapore income tax [...]
Your life and money are too precious to be wasted on your computer
I have a piece of good news for you. You no longer need to spend a lot of time and money on your computer. I have recently got rid of my Windows Vista and install a Linux-based Operating System (OS) called Ubuntu. is a free Operating System (OS) based on Linux. It is free and [...]
You cannot afford to delay your retirement savings
Dennis Ng, founder of housingloansg.com and masteryourfinance.com wrote an article for MyPaper on 11 Aug 10. I have translated it into English here. For the mandarin version, pls refer to the attached pdf file: 为退休准备，不能延迟了
“I’m still young, why worry about retirement?” This is a rather common answer. Do you have the same thinking?
Suppose you are [...]
Killing Sacred Cows by Garrett Gunderson
This is the summary for the above mentioned book. I have kept summary as succint as possible, often enough to include my perspective on what he actually means, and to the point it may not do justice to the author. For greater details, please read the book, as he provided very clear elaboration to his [...]
Do not live below your means. Learn how to own it!
I am not sure if thrift is part and parcel of Chinese’s culture. What I know is that I was brought up with the thinking that there are alot of things in this world that my family cannot afford, and I should not compare my situation with other rich people. Failing which, I would make myself miserable. Thus, [...]
Ways to save money when driving a car
The best way to save money is not to own a car in Singapore. But I am not going to debate whether a car is necessary as I believe it is a very subjective matter. So let’s assume you already have a car and we examine ways to minimise the financial damage.
Do you really need to drive?
Please do [...]
Getting Cheap Books in Singapore 3
I am delighted receiving this book and I would like to share my happiness with you. I ordered “Inside the House of Money” from a UK book supplier, The Book Depository. It was recommended by a kind reader of this blog – AL Ong, thank you!
What’s so impressive about this supplier? It delivers to your [...]
