Flickr image "Epiphany 3" by Felipe Venancio
The ultimate paradox of financial freedom has been revealed to me.
All this while, I’ve been reading, researching and writing about financial freedom. It took a recent episode of moving my net worth from one asset class to another that an epiphany struck me.
What is this ephiphany that Panzer encountered?
Flickr image "Apartments Croatia" by Kavanjin Croatia Apartments
The more I experiment and try out different ways to achieve financial freedom, the more I learn about real concepts of financial management of my own money.
Moving from One Asset Class to Another
As you live within your means, you start to have savings. Most personal finance books advise you to keep some buffer or emergency funds enough for 3 to 6 months of expenses or income. The additional savings you should invest in fixed deposits, mutual funds, stocks and shares or other asset classes that fit your risk-reward profile.
Different asset classes have different liquidity. Liquidity refers to how easy it is to sell your assets and convert it to cash. Sounds simple but can be fraught with challenges as I found out now that I’m selling most of my equity portfolio into the currently rising market to move into property investment.
Why am I moving most of my net-worth out of equities at this point in time? Continue reading
Flickr image "Singapore Botanic Gardens" by chooyutshing
I brought my family (spouse + 16 month old daughter) to the Botanic Gardens for a leisurely walk on Sunday afternoon.
It was a relatively inexpensive excursion, just the price of petrol to get there and $0.54 parking fee and some drinks at the basement food court.
The older my daughter gets and the more I can bring her out to public parks and places of nature, the more I realise the simple pleasures of life in Singapore can really be had for a small price. Continue reading
I’ve decided to incorporate a new feature into my blog. Besides blog posts on topics related to financial freedom, I’ll feature interesting news and reports that are interesting or useful as general knowledge to help you grow your biggest asset you have, your brain and your knowledge about financial freedom.
Today, I’ve selected some infographics from this website called Visual Economics. “Life Time of Debt” shows the average American life towards debt. I find it useful to refer to our own circumstances.
Be well and prosper.
Flickr image "Do you find my brain? - Auf der Suche nach meinem Gehirn" by alles-schlumpf
Your journey towards financial freedom is dependent on how well you grow your brain to its fullest potential, so that you empower yourself with its ability to think up of ways to:
Your brain may stay the same size physically in adulthood, it’s not the same brain as you age. The reason is that the connections between the neurons can keep growing and growing as we experience more of life and life experiences that make our lives so diverse and unique. Continue reading