Wednesday, 9 January 2013

How I Raise My Kids To Be Financially Aware


 Donating these coins to a blind busker near our place.
I feel that once a child reaches his teens, he or she is already forming his own opinions of the world and frankly, even if you are ready to teach about finances, they may not want to listen.  So, I start my children young and do it through everyday things…

A simple example would be when it’s time to pay the bill after a meal at the restaurant.  The boys will get to take turns to tally the amounts on the bill, check if the prices quoted are accurate and to pay with cash we provide them.

Sunday, 6 January 2013

Selling Stocks

I have been off-loading my shares the past few months in view of the "fiscal cliff" and Euro crisis.

I also believe that stocks go through cycles every 5 to 6 years and that now appears to be a confluence of negative factors.

Saturday, 5 January 2013

Myths About the Financially Educated

You must be a Math Whiz.  Women are money-dumb.  I must buy some stocks right now to start investing.  Let’s clear the air about some myths on being financially educated.

Free (& Almost Free) Financial Education

My weakness for financial books shows up on my shelves.
There really is no excuse to stay financially “ignorant”.  Singapore is probably one of the best places to learn about personal finance without having to fork out a lot of money.  Here are some sources of readily-available and mostly free information.

Be Financially Educated - It Pays!


I started to really understand the importance of being financially educated only at the age of 23, when I received my first paycheck and mind you, after graduating with a university degree.  

Friday, 4 January 2013

Delaying purchases is rewarding


I am really glad I decided to delay some of my purchases because the sales are going on right now.  Somehow, the Christmas and the New Year spirit rubs off even on shops and malls!  I know, I am such a sucker for good deals.

Wednesday, 2 January 2013

The Investor Mindset


“Be fearful when others are greedy, and be greedy when others are fearful.”  Words spoken by Warren Buffett at an interview he conducted at the height of the 2008 Financial Crisis.  

I had them printed out and displayed right in front of me so that I could see them everyday, especially when I am reviewing my stock portfolio.


Tuesday, 1 January 2013

How I won an iMac


Like most people, I always wondered what it's like to own a product prefixed with an "i", aka Apple product.  

However, the sensible, rational consumer in me refuses to bow down to their premium prices.  As it turns out later, I didn't need to pay a single cent for it.