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!
I love this piece of article. It is so close to heart as I had encountered so many supreme “financial advisor” whom tends to give the wrong advice. If they are that good, they probably won’t me in this predicament. Think about it!
The details within is worth understanding and applying!
So that is why you all have been saying?
What I know is that saving a little more takes some effort. Unless your time is worth $500 per minute, then pls do monitor these little things as they can help you save money and maybe time too.
Watching out for best interest rates, paying off loan by taking another loan of a lower interest, set up automated savings, getting back money from telephone subscriber for overcharging you etc. takes time and money if you don’t bother.
Hence this money can be better use as investment or regular savings if well spent.
As I am planning to get a car, I looked through the market and evidently it cost more to get a second hand car than a brand new car!
Don’t get me wrong. the absolute cost of a second hand car is still cheaper than a brand new but the annual depreciation of a new car is lesser than a second hand. Unbelievable!
So how much must you earn to afford a car? Think again.
This is what you could have lost if you didnt know these tricks used by them!!
Saving money is like having a sundae without the toppings! Buy and eat what is essential and not getting those extras that will make things heavenly. Is it really important to save? Not necessary if you are spending on investments wisely, who needs to save? Spending boosts economy hence you are doing your part for the country’s GDP!
However, if you are not able to protect your money, then better take the easier way for a safer net, SAVE!
adapted from Bishan Toa Payoh Newsletter 3rd Bi-monthly 2015
How has to be learnt must be learnt.
What is to be unlearnt will be after a serious punishment or lesson.
If after falling, and not pick up anything, the fall is misspent!
From Sunday Times, 5th july 2015 Classified