Category: Investing

How I Stayed Out of Poverty

[This article was written as a result of a Q&A session with the CEO of ValueChampion. This is the full-length, unedited version.] Most people know that education is a powerful and proven way to get out of poverty. But what they don’t realise is that it’s easy to slip back into poverty, even with a high-paying job. Let me explain.  (more…)

Are You Being Duped into Buying Picks & Shovels?

Having once lived in the vicinity where the largest gold nugget in America (49.5kg) was found, I was taught a very important life lesson — only a lucky few get rich from mining for gold; the real money is from selling picks and shovels. Who are the pick and shovel merchants today? How am I being duped? And what does this have anything to do with life? The answer: more than you think. (more…)

What to Do If You’ve Been Scammed

It’s easy to think you wouldn’t fall for a scam. Until it happens to you. Unfortunately, the very thing that allowed us to advance as a species is also what makes us incredibly vulnerable — our trust in others. Here’s what you can do when that trust gets violated. (more…)

Think You’re Reading an Unbiased Review or Blog Article? You’re Actually Reading SponCon!

With the steady increase in the viewership for Frugal in Singapore, I’ve received an increasing number of requests for sponcon (sponsored content). Sponcon is basically where a company/marketing agency pays a blogger a fee for publishing a fake review or an advertorial (an advertisement giving information about a product/service masquerading as an objective journalistic article). As a blogger, how much can you make filling your site with sponcon and advertisements? Enough to make it your full-time job! (more…)

How the Sunk Cost Effect Causes Us to Make Bad Money Decisions

Of all the bad decisions I’ve made in my life, here are my top three: 1. I once stayed waaaay too long in a bad relationship. 2. I overpaid too much on my first home (16 years ago), and sold it at a huge loss. 3. At various moments in my life, I hold onto things I know I will never need or use in the future. What do all these have in common? They are examples of the sunk cost effect. (more…)