Comments on: Developing an unconventional life towards financial freedom

By: Singapore Man of Leisure

Singapore Man of Leisure — Tue, 04 Jan 2011 07:28:57 +0000

I am on my way to financial freedom in 12 months’ time. Just need to serve out my last year of contract here in Athens. Then it’s back to Singapore after being away for 7 years to be a Singapore man of leisure. My passion is writing. Hope to blog about 3 of my interests when there’s more time on my hands: Food, Travel, and Financial Literacy. (Financial freedom is just a tool, not my goal in life)

My story is conventional. Work, gamble with stocks (no financial literacy), “early” success, then lost it all, re-focus on work (rebuild working capital for investment), wait for opportunity, invest for capital growth and passive income (nothing clarifies more than financial literacy via baptism of fire!)
.-= Singapore Man of Leisure´s last blog ..Why do I make new year resolutions anyway =-.

By: Erika

Erika — Fri, 12 Feb 2010 08:04:15 +0000

i wish to have Financial Freedom in the next 5 years or so. i was able to establish a small internet retail store last year. i am hoping to gain enough profit from this store.

By: Kaylee

Kaylee — Tue, 24 Nov 2009 14:29:57 +0000

i would love to have Financial Freedom by owning a real estate related business. my dream business is to own several unit of apartment for rental.

By: Lawrence

Lawrence — Sat, 10 Oct 2009 06:02:34 +0000

1. Never borrow $ unless for running a business or can,t be help for taking a loan buying a house. If you can, pay up the loan as fast as possible, so that you can have ‘spare $’ for investment.

2. 100% agreed with creatwealth8888 April 22nd, 2009 at 10.10 p.m. If you don’t have to “spend money” you are getting richer day by day. And at certain times when you have to “spend money”(especially for a good cause), you are ready because you already have the “means”.

3. In conclusion, always live below your means no matter how much money you have.(Always envy people who drive a Lexus or BMW and yet still look like living below their means). For living below your means, it’s very sad in Singapore, I just can’t do it even if I want to. Because I am a taxi driver.

By: panzer

panzer — Fri, 24 Apr 2009 06:40:49 +0000

Hi Brendan

I couldn’t agree with you more. Singapore is a place for businessman/woman to do business. Employees are the resource to be used when needed and discarded when not.

We have to find our own way towards financial freedom and running your own business is one way to go. There are risks of doing that. Being an employee is also risky, i.e. we have to continue to keep our skills relevant to the demands of industry or face extinction like the dinosaurs. Remember, welfare is a “dirty” word in Singapore.

Be well and prosper.

By: Brendan

Brendan — Fri, 24 Apr 2009 02:19:00 +0000

I feel that Singapore is not a good environment for employees. When there is economy downturn, older or expensive employees get retrenched. If that employee is in his 40s, his children is going to university and parents are very old, a lot of money is needed from him. The last thing that he needs is losing his job. And when a guy loses his job in his 40s, that could be his last well-paid job. The next job that he find could be a 70% or 50% pay cut but his expenses do not decrease. That will be very tough for him and his family. I think in Singapore, it is better if you could be self-employed. Setup a business, grow your brand name. Of course not everybody is suitable to be an entrepreneur, you have to access this yourself. Brendan’s last blog post..EURJPY: 55 Pips Profit

By: Panzer

Panzer — Thu, 23 Apr 2009 07:45:50 +0000

Hi Createwealth8888

Couldn’t agree more with you. Ever notice people who like to wear gold chains, expensive watches and other obvious displays of wealth are not that wealthy if you examine their personal net-worth.

I see no need to tell people how well I’m doing financially. So long as I can provide for my family comfortably and I am able to steadily save and invest for more passive income, I’m happy.

Be well and prosper.

Panzer’s last blog post..CIMB Fixed Deposits Promotion – Terms and Conditions

By: createwealth8888

createwealth8888 — Wed, 22 Apr 2009 14:10:28 +0000

If you truly don't bother how people look and think of you, your journey towards financial freedom probably will be smoother and easier as you may avoid spending on those expenses that made you look better in the eyes of others. createwealth8888’s last blog post..Trading appears deceptively easy