MY FIRST EVER PODCAST!
hahah like every typical blogger, i guess i need a pod cast stay tuned for more!
ChrisPoddycasty_episode_ONE
songss:
1- Dasiy Dasiy- michell plays ping pong
2- Mylo feat. Gloria Efferson - Drop the pressure
3- David Guttea vs. The Egg - Walking away (love don't let me go)
4- Justin Timberlake - My Love (polkerface House Mix)
5- Justin Timberlake - Sexyback (polkerface House Mix)
6- Justin Timberlake - Sexyback (Dirty)
yup thats all.
Wednesday, February 21, 2007
Monday, February 12, 2007
12th february 2007.
20 years have passed, and now what?
Ever since january 2006, i have not updated my bank passbook. Thus, POSB sends me a monthly printout of my daily transactions and a consolidated amount that will be added to my pass book. It obviously rises everymonth and i happily saw it grew without give any second thoughts about it.
This month, however i noticed how outrageous the amount was : $29,852.89
No, that's not the amount of money i have in my bank. (much that i wished it is)
That was how much money CAME IN and went OUT of my bank within one year.
Looking at that, i realised how much income i can actually generate.
30k a year.
how many people, with families, actually earn 30k a year? thats like $2000 a month plus bonus! The point is, I still only have a norminal sum of money in my bank.
It never rose. always stayed a norminal sum for the pass year.
Though i have the ability to generate good income, i happen to spend it all. and know what? i have no idea where. I look around the assets i have.
I don't have 20k worth of stuff.
I don't look 20k richer.
but this money came. was mine for a while. and dissapeared without a trace. imagine. I had decided to be prudent and saved half of what i earn, which is not hard to do, i would have 15k in my bank and i'm a happy 20 year old man. seems like a sad but familliar story? I doubt i'm alone. Singaporeans are generally not rich people. Yes we do earn a fuck load of money compared to cambodia and somalia, but we don't have a good sum of money in our reserves. we don't have savings. not much anyway. this is a bold statement, considering the fact that i don't really know many rich people.
But, I once, on my friend's advice, went around ATMs on the island picking up transaction receipts.checking how much savings singapoean have.
alot receipts says "$2.79" "$9.85" "$3.45" ok thats sad. but i must not forget that they may belong to students.
The proper oes that look like they have savings range between $2000 - $8000. I've only picked up(dug out) one or two that has amounts more than 10k. you might argue that people who are rich will keep or destroy their receipts to hide their fortune.or they put all their money in fixed deposits, generating higher intrests.
yeah thats true, but look at the number of nominal savings!
Take a look at our roads. there are alot of mercedes, volvos, bmws. foriegners may think that singaporeans are really rich "wow so many luxuary cars!" most of them are owned my companies. not the people driving them. ok, that might not be a problem the rest of the cars, it's listed as "private owners" do you really think that the people own them?
No, the bank owns them.
90% of the car owners pay installments, and if one fine day, they get retrenched... or sacked, they have no income to pay for their car, so the car gets taken away by the bank. it sucks. most of us can't afford a car.
think of it, machine price + COE + insurance/year + road tax/year + Season Parking/month + normal parking fees + ERP + PETROL + Inspection fee/year + Maintainence/year + Fines + radio tax = ALOT of MONEY.. and you get to keep the car for only 10 years. god. but why do all singaporeans still bite their lips and become slaves to their assets?
matter of face. and probably we are born this way.
Point being, i shall start to save. Save as much money as i can. I've stopped splurging. being as ngiao as i can.
and but only useful stuff.
3 ways to turn mediocre money into a lump sum.
1. don't spend your plastic notes. save them
2. Money in your Wallet is considered gone. try not to draw so much cash. everytime you have no cash in your wallet, you will fell poor and 'sian' and head home, not spending any money.
3. Everytime you wanna buy something useless or one tat is for purely cosmetic reasons. e.g. a can of coke, sweets, chocolates, cigaretts, beer...etc ,You take out the amount of money that the item costs, place it some where else, like in your bag or the back of your wallet. and pretend that you've bought and consumed it. because these items only gives you instant but short period graffitication. after that you will be like "fuck! $1.80 well spent". Imagine the amount of money you can save. it's hard, yes yes... but it's worth it.
I'm now trying my very best to follow these laws to finacial freedom.
the more you save at the earlier part of life determines how rich you are in later life. the money you have know will multiply 10 folds, 100 folds, 1000 folds. so, instead of buying that packet of cigaretts next time, remember that it can always turn into a car that does not get owned by a bank.
20 years have passed, and now what?
Ever since january 2006, i have not updated my bank passbook. Thus, POSB sends me a monthly printout of my daily transactions and a consolidated amount that will be added to my pass book. It obviously rises everymonth and i happily saw it grew without give any second thoughts about it.
This month, however i noticed how outrageous the amount was : $29,852.89
No, that's not the amount of money i have in my bank. (much that i wished it is)
That was how much money CAME IN and went OUT of my bank within one year.
Looking at that, i realised how much income i can actually generate.
30k a year.
how many people, with families, actually earn 30k a year? thats like $2000 a month plus bonus! The point is, I still only have a norminal sum of money in my bank.
It never rose. always stayed a norminal sum for the pass year.
Though i have the ability to generate good income, i happen to spend it all. and know what? i have no idea where. I look around the assets i have.
I don't have 20k worth of stuff.
I don't look 20k richer.
but this money came. was mine for a while. and dissapeared without a trace. imagine. I had decided to be prudent and saved half of what i earn, which is not hard to do, i would have 15k in my bank and i'm a happy 20 year old man. seems like a sad but familliar story? I doubt i'm alone. Singaporeans are generally not rich people. Yes we do earn a fuck load of money compared to cambodia and somalia, but we don't have a good sum of money in our reserves. we don't have savings. not much anyway. this is a bold statement, considering the fact that i don't really know many rich people.
But, I once, on my friend's advice, went around ATMs on the island picking up transaction receipts.checking how much savings singapoean have.
alot receipts says "$2.79" "$9.85" "$3.45" ok thats sad. but i must not forget that they may belong to students.
The proper oes that look like they have savings range between $2000 - $8000. I've only picked up(dug out) one or two that has amounts more than 10k. you might argue that people who are rich will keep or destroy their receipts to hide their fortune.or they put all their money in fixed deposits, generating higher intrests.
yeah thats true, but look at the number of nominal savings!
Take a look at our roads. there are alot of mercedes, volvos, bmws. foriegners may think that singaporeans are really rich "wow so many luxuary cars!" most of them are owned my companies. not the people driving them. ok, that might not be a problem the rest of the cars, it's listed as "private owners" do you really think that the people own them?
No, the bank owns them.
90% of the car owners pay installments, and if one fine day, they get retrenched... or sacked, they have no income to pay for their car, so the car gets taken away by the bank. it sucks. most of us can't afford a car.
think of it, machine price + COE + insurance/year + road tax/year + Season Parking/month + normal parking fees + ERP + PETROL + Inspection fee/year + Maintainence/year + Fines + radio tax = ALOT of MONEY.. and you get to keep the car for only 10 years. god. but why do all singaporeans still bite their lips and become slaves to their assets?
matter of face. and probably we are born this way.
Point being, i shall start to save. Save as much money as i can. I've stopped splurging. being as ngiao as i can.
and but only useful stuff.
3 ways to turn mediocre money into a lump sum.
1. don't spend your plastic notes. save them
2. Money in your Wallet is considered gone. try not to draw so much cash. everytime you have no cash in your wallet, you will fell poor and 'sian' and head home, not spending any money.
3. Everytime you wanna buy something useless or one tat is for purely cosmetic reasons. e.g. a can of coke, sweets, chocolates, cigaretts, beer...etc ,You take out the amount of money that the item costs, place it some where else, like in your bag or the back of your wallet. and pretend that you've bought and consumed it. because these items only gives you instant but short period graffitication. after that you will be like "fuck! $1.80 well spent". Imagine the amount of money you can save. it's hard, yes yes... but it's worth it.
I'm now trying my very best to follow these laws to finacial freedom.
the more you save at the earlier part of life determines how rich you are in later life. the money you have know will multiply 10 folds, 100 folds, 1000 folds. so, instead of buying that packet of cigaretts next time, remember that it can always turn into a car that does not get owned by a bank.
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