“Why buy vintage and antique items?”, I’ve always been asked this question by people around me. I would like to address that question on this blog.
All of us who are stuck in the rat race know the daily stress of work and the anxieties we have for our future even as we worry about the present issues that our families are struggling with. The chart of expenses below compares the expenses of the regular employee to their house helpers. The comparison may seem funny but the situation also tugs at reality in a major way.
Putting your money on a low interest savings account is not such a good idea especially if you have big financial goals such as buying a house, sending your kids to college or saving for retirement. The only way to get more money is to make your money work for you by investing it. Investments will generate more money for you in the future through interests and price appreciation. In other words, you invest to create wealth. Continue reading Why You Should Invest in the Stock Market
You have been working very hard all your life. Yet, you found yourself in the same financial situation over and over again. Your income is barely enough to cover your basic needs. You are trapped in the rat race. You often wonder, what is it that you have been doing wrong? How come there are some people who are getting richer and richer by the day while you who had been working very hard is getting nowhere?
Parking your money in a regular savings account is never a good idea. Warren Buffet, one of the world’s most successful investor of our time has this to say about investing in cash:
The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time… Cash is a bad investment over time.”
You are tired of working for money. You have finally decided to slowly build your wealth through passive income and let money work for you. The question now is are you ready to invest?
An income is the money that you received from work or from your investments. Without income, you will not be able to pay for your living expenses.
There are two types of income: active and passive income. Continue reading Do You Work for Money or Do You Let Money Work for You?
We use a lot of electrical devices and appliances in our homes and there are a lot of ways to save on electricity so we don’t get a shock when our bill arrives. Continue reading 5 Big Ways to Save on Electricity in Your Home
Compound interest can either be your best friend or your worst enemy. It all depends on how you use it. You can either gain from it or you can loose a lot because of it. Your life can be much better or much worse than you already have. It’s your choice.
When we see pictures of wealthy people on glossy magazines, on TV and when we meet them in real life; we also wish in our hearts that we could be as wealthy as them. We want to ride the same car, buy the same clothes and be able to travel or buy things when we want to. However, we can wish all we want but if we don’t work towards becoming wealthy, we won’t ever get there.
According to Chinese folk legend, the seventh lunar month is the ghost month. During this time, the gates of hell are supposed to be open so bad spirits roam the world of the living. For 2018, the ghost month starts on August 11 and ends on September 9.
Generally, believers are not supposed to put themselves at risk during the ghost month. Major decisions such as getting married, buying a house, changing jobs, signing contracts, traveling, having a major operation or starting a business should not be done during this period.
Minor things such as not staying at home at night are also practiced. It is believed that spirits will follow you back if you roam around at night. Taking photos at night is also a no, no. You might capture images that you don’t want to see if you take photos at night.
I have read the book Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money — That the Poor and Middle Class Do Not! written by Robert T. Kiyosaki. I heard of this book before and this should be on your list of books to buy and read.
This book shows us a solution to getting out of the Rat Race, which Kiyosaki defines as a situation where people “work for the owners of their company, for the government paying taxes, and for the bank paying off mortgage and credit cards.” This scenario sums up most of our parents’ and our lifestyle in our 9-5 jobs and Kiyosaki proposes that we learn and practice investing as a solution to get out of this trap, retire early and live wealthier lives. Continue reading Thoughts After Reading Rich Dad, Poor Dad