Five Cents Ten Cents

Flickr image "Milestone" by A.M. Kuchling

As your travel along your journey towards financial freedom, have you stopped to take a look at some of the milestones and landmarks you’ve passed?

I was clearing one of my old personal finance files and noted my net worth statements back in 1999. Back then, my net worth was around $158,000 when I was 28 years old. This comprised savings, fixed deposits, some investments in unit trusts and Central Provident Fund (retirement account) monies that I had accumulated by then.

Since then, I’ve moved on to be own my home debt-free and am only servicing the remaining 8 months of my car loan which will be fully paid off by January 2010. Continue reading Journey Towards Financial Freedom: Milestones and Landmarks

Flickr image 壞時代，好設計　By Pizza Cut Five (Nodi Chen)

Your career is still one of the most important ways to achieve financial freedom because it is how many of us generate income.

When you are first starting out in you career, the income your career brings helps you clear your study loans, pay for your expenses and generally allows you to save so as to be able to have sufficient money to invest for passive income.

Before the number of grey hairs on my head became more prominent, I believed that the path towards financial freedom is to work hard at your job and save money. Continue reading Financial freedom by working smart

Flickr image "Conference Hall" by shinemy

Have you attended any training, read a new book or learnt something new recently?

If you haven’t then, that’s a warning sign that your horizons may be stagnating and it could be slowing you down in your quest for financial freedom. Continue reading Expanding your horizons towards financial freedom

Flickr image "Bernie Madoff by Yan Pei-Ming at San Francisco Art Institute - 159" by Steve Rhodes

The key to achieving financial freedom is to learn how to distinguish between genuine investment opportunities as opposed to financial scams, frauds and schemes.

I’ve recently discovered the powerful content of PBS programmes which aims to produced documentaries that we can learn and be entertained at the same time.

This video reveals the Madoff Affair – the largest Ponzi scheme uncovered that spans generations. Many of the people cheated in the scam were not unsophisticated investors. Still, they were taken in by Bernie Madoff’s ability to generate consistently high returns over many years.

In order to grow yourself towards financial freedom, it’s helpful to learn from the mistakes of others so that you can better travel on this journey to be financially free.

Be well and prosper.

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