Welcome to my blog on my journey towards financial freedom.
I'm 28 years old now and living in a small island city called Singapore. I started this blog in June 2013. My background is in Engineering. Later on, I went on to pursue a degree and graduated with a Bachelor of Economics.
Have been an investor for 6 years now and enjoying every bit of economics, finance and investment. I have a passion to teach others on the importance of good financial habits and the importance of investment. This blog aims to make finance simple to understand in our complicated world.
I started out reading books on personal finance when I was in army at the age of 22. First book I read was rich dad poor dad by Robert Kiyosaki. Thereafter, things started to progress as I dug deeper and found out how the rich and successful manage their money.
Some points I found out about rich people:
1) They are frugal
2) They do not rely on one source of income but they seek to create multiple sources of income
3) They are passionate about the things they do and life in general
4) They are always learning new things
5) They invest
6) They read a lot especially keeping updated on current world affairs
These are some of the points I discovered in the process and I've been changing the way I live my life by developing good habits in managing my money and investing wisely.
About me and my Journey
I was just an average student during my school days. My worse subject was mathematics and I failed it when I was in primary school. During secondary 1 and 2, I still keep failing maths and a F9 grade was common. If not for a good teacher I met in secondary 3, I wouldn't have manage to get a B3 for my O'levels. Its an irony that my interest is in finance now given the amount of calculations and maths involved. I used to hate that subject but not any more now.
Started my first job after my O'levels while waiting for my results. I have no idea why I ended up in a sales job promoting Starhub's cable tv and broadband service through door to door sales and road shows. I was only 16 years old at that time. It was a good experience as sales taught me how to conquer the fear of rejections and learn how to sell and communicate better with people especially strangers.
During my polytechnic school days, I had the chance to go overseas for an internship program. This was a unique program as what I was going to do was totally unrelated to my engineering course of study. I was going to Vietnam to teach English. Sounds more to me like an overseas community project. It was another memorable experience which I would never forget. Teaching taught me communication skills once again and built up my confidence to interact and speak with people.
It was until during my army days that I started to think about my life. I thought that I should start planning for my future and make full use of my time. I wanted to take control of my financial future.
Started out investing in the stock market by buying my first stock which was Singtel. Made a bit of money and was overly confident. At that time, I didn't know anything on the analysis of a company's financial statements, their business model and valuations of a company's stock price. The worst stock I bought was NOL which was bought at a high of $2.20. It went all the way down to $1.10 during the European debt crisis in 2011.
The lesson learnt taught me a very humbling lesson and my real journey of investing starts from there onwards. I have developed an even stronger passion for investment since that incident. I talk about personal finance and investment constantly and I'm happy that to date, I've introduced the world of finance and investment to many of my friends and we're able to discuss and learn together along the way.
I've managed to achieve a 4 figure profit and a double digit % return from the stock market in 2012 and am still learning along the way. My goal is to save at least 100k by the age of 28. My total passive income for 2014 came up to be more than $3000. Passive income in 2015 is already more than $3500 as of April 2015. I invest primarily in income generating assets for the long term. My target will be to have at least an annual passive income of 10k by the age of 30.
Here's my Investment XIRR achieved since I started tracking in 2014:
I hope that through this blog platform, i can reach out to many more people and meet many other people who share the same passion as me. Its my passion to share with others that we should all take charge of our own financial future.
If you're new to my blog, feel free to look at this selected list of articles that will help you get started on your personal financial journey and learn more about growing your money through investments.
You can email me at email@example.com to contact me.
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