Five Cents Ten Cents

Financial freedom, one realistic step at a time.

Reviewing Your Life from 10,000 Metres


Über den Alpen
I remember a meeting in one of my previous organisations that I worked with with a senior person in that organisation. She talked in analogies and used one that is useful to remember when we are caught up in the hustle and bustle of day-to-day life in our journey towards financial freedom.

The analogy was that of the perspective that one takes as we go physically higher into the air. When we take a flight out to another country, the airplane starts off at sea level on the tarmac. As it moves off the airport runway and flies into the air, it gains altitude and we as passengers in the airplane start to see Changi airport buildings, the surrounding sea shimmering in the Singapore sunlight.

As the airplane goes higher and higher, we start to see the islands of Indonesia or the plantations, towns and roads of Malaysia. The higher we fly up, the more we can make out the lay of the land as if it were a map that we were reading.

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Mastermind Group Towards Financial Freedom


Human Brain Evolution

When I was reading “Think and Grow Rich” by Napoleon Hill, I recall the concept of having a mastermind group. I don’t remember the specifics now as it’s been sometime since I’ve read the book but it revolves around surrounding yourself with like-minded people who share you goals and aspirations to come together to fellowship, learn from and support one another towards the common goal or aspiration.

It sounds a lot like networking and mentoring doesn’t it?

In your own journey towards financial freedom, it’s helpful to identify which group can function as a form of mastermind group. People who have the interest and passion for all things related to financial freedom and the willingness to explore the principles of living within your means, to save and invest as well as to grow and protect your means.

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Doing Nothing Towards Financial Freedom


Empty spaces

Even as the calendar year 2011 draws inexorably towards a close with two months plus left before 31 December beckons, I realise that if I do nothing now, I will end the year with a realised returns of 4.5%.

In fact, I should not buy any more equities now and take bigger positions on the market because most of my returns will come from dividends — truly a form of passive income.  The more I trade or try speculative punts, the more I risk losses on capital due to market moves south in tandem with the general global negative outlook over European debt problems and possibility of US and world slowdown or even recession in 2012.

Is doing nothing a strategy?

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The Fourth Quarter of Calendar Year 2011


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It’s the last three months for calendar year 2011. For some if your organisations have hit substantially the key performance indicators set at the beginning of the year, it’s time for staff to clear leave and set aside some down time to recharge, rejunvenate and to refresh.

For others, they may have to push harder at work, business or personal lives to achieve the goals they set out at the start of 2011.

Whatever is the reason, the coming of the end of year in the next 1-2 months heralds the mood for retrospection and reflection.

What have we achieved in 2011?

What do we want to pursue in 2012?

What will the future hold for us and how have we managed our time on the present and the past?

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