Wow! This is what all winners need!!

 

We had always heard lottery winners becoming pauper again after 2-3 years because they are not trained or conditioned to handle money.

I am glad Singapore Pools are doing this for the future of the winners.

Of course, that is if they listen and apply!

 

Kudos to Singapore Pools!

https://sg.news.yahoo.com/what-would-you-do-if-you-strike-the-lottery-113630363.html

 

 

MY MONEY BOOK _ MONEYSENSE

I totally love this book made by moneysense. It is not only entertaining, educational and obviously, much effort had been placed into it to create it! Kudos to you! Please read it!

Screen Shot 2015-11-01 at 10.08.25 pm Screen Shot 2015-11-01 at 10.08.45 pm 11220472_1656909127925570_8620637768830803890_n

http://www.moneysense.gov.sg/~/media/Moneysense/Guides%20and%20Articles/Guides/My%20Money_ENG.pdf

Increase of unsecured debts in Singapore

http://business.asiaone.com/personal-finance/news/85352-singapore-consumers-owe-2884-million-unsecured-debt20151005_owedebt

Is this necessary a bad thing?

Banks had been very aggressive lately giving out low interest rates personal loan. As low as 0.8% interest per annum with no processing fee is too enticing to reject. Normally, these personal loans are given at promotion for only 6 months and the interest rate will shoot back to the exorbitant rate of 24%. The bank game on making a profit for personnel that illy managed their money.

However, if you are a master to the money, this a profitable for you FOR FREE!

CIMB offered a 1.6% return per annum fix deposit for minimum 9 months. If you had taken the money from one bank and cash deposit into CIMB FD, would you have gain the extra 0.8% for doing a little only? If your have a credit limit of S$48,000 based on 4x income rate, you would have earn extra $288 just for doing nothing over that 9 months. It is a free trip to Bali.

However, this game is only for the discipline. It is hard to resist not to spend seeing $48,000 liquid cash.

Nevertheless, this is how the rich play the safe game at a bigger denomination!

You Can Still Get A Good House Despite Not Winning The Ballot

Your queue number is 6078 when there are only 456 units available and you jolly well know you dont stand a morsel of chance!

Fret not, you can still potentially stay the location of your dreams. Worse case scenario, buy with your money in the open market after 5 years!

Why people let go their chosen HDB flats after winning the ballot?

https://sg.finance.yahoo.com/news/top-4-reasons-why-people-160000195.html

Hey Hey! Thrifty Guys Out there! Bring on these cards for your dates!!!

invest credit card

There is no one card that can dominate the market but we can dominate with one market with many cards.

Just be diligent to call in to ask for waiver from the bank, else CANCEL the card. Please be insistent and persistent. Normally the bank will relent!!