Category: Education & Self-Improvement

My Personal Path to Frugality and How You Can Convert Your Children

pathway
The 7 things that led me to a path of frugality and financial freedom.

This month I turn 37 years old. It’s been nearly 2 decades living the frugal life. I don’t count the years I lived with my parents, as frugality was not by choice (we were simply poor and had to skimp & scrimp). But once I was on my own and working, my level of consumption really didn’t increase much. On the other hand, my peers, even the ones who grew up poor like I did, chose a different path. I was recently asked why I remained frugal while those around me didn’t. And after much reflection, here’s what I realised. (Many are also the same things that have “converted” some profligate spenders into more value-conscious frugaltarians.) (more…)

How Lucky Will You Be This Year

dice
Life is filled with blessings, but expect to have disasters once in a while.

The start of the New Lunar Year (4714) will soon be upon us, and many are eagerly seeking forecasts and predictions from “Grand Masters” to find out what the year of the Red Fire Monkey will bring. This is also one of the busiest times for Singapore Pools, as ticket sales dramatically increase with the annual $12 million TOTO Hong Bao Draw. These are entertaining ways that sort of give us a sense of how lucky we are or will be in the coming year. And it’s fun and easy to daydream and fantasize about what you would do with the winnings. But what are your odds of winning? (more…)

Why Money Resolutions Fail

luxury cars singapore
Who’s driving these luxury cars? The answer may surprise you.

It’s that of year again when we, with all our good intentions, list all the various health, self-improvement, and financial goals that we aim to achieve in the coming 12 months. Each year, the same New Year’s resolutions appear – make healthier food choices, exercise regularly, spend less, save more – yet most resolutions are broken within the first 2 weeks. It seems that we all know exactly what we need to do, but the knowledge-behavioural gap is wide, and translating what we know into actions is where we fail. So here are some ways in which this gap might be lessened, at least when it comes to meeting our financial goals. (more…)

Why Going to the Library is Cool

library
NLB celebrated their 20th birthday last month with a cake cutting and lunch.

People usually associate going to the library with studying or with being uncool. But libraries are not just for bookworms; they house an extensive range of media, from archived newspapers, to magazines, music CDs, movies, comic books, anime, software, audiobooks, and more. You can even borrow a digital reader. Plus, there are a whole host of programmes which you can attend (often FOC) to expand your mind, your skills, and your network. For anyone who is looking for inspiration, or even just a good way to pass time, the library should be at the top of their list. Being in nicely air-conditioned space (away from the haze) is also an added bonus! (more…)

An Effective Way to Learn a New Language (and it’s Free!)

duolingo
Join a community of more than 10 million members and learn a new language for free.

I have a confession: I am secretly envious of all of you who are bilingual and multilingual. Yes, I’m Chinese (my grandparents are from mainland China), but my Mandarin is quite poor. Having grown up in the States, I took up Spanish as a second language, but since I rarely used it, most of it has long been forgotten. Lately, I’ve been trying to improve and practice my Mandarin speaking skills. And that’s when I found that there are tons of language learning resources that are available online and on your smartphone (and many of them are free). (more…)