i have recently been active in some online forums, sharing and at the same time learning more knowledge about wealth and financial freedom. One comment I read, though not directed to me, was rather disheartening. It states that initially when he started creating his blogs, it didn't receive much responds, then somehow he manage to create good revenue from google adsense and other forms of online advertisements that were in his blog. Then I think about this blog, does the title have the level of 'maturity' to talk about financial freedom, is C-130_Spooky going to scare everyone away from this blog. No doubt that I hardly have much time to blog right now, partly because I'm being caught up in the 'rat race' , but similarly after learning that the most effective method of being financially free is cost prudence, much of my income that I have from my salary now as a temp staff is not being used to spend. Rather, I decide to live within my means. Receiving an allowance of less than fifty dollars weekly from my family. Usually they are all well spent off for lunches during the weekday and any remaining would be spent on either leisure or getting gifts for people's birthdays. I would say that I'm fortunate to receive this allowance because most of my other living expenses like utility bills (because I live with my parents) , phone bills and any large expense items are settled by them, excluding the fact that I'm already drawing a paycheck monthly from the temp job which I would work till end april, after which my university would start. I supposed that once university starts too I would have less time to think about how to achieve financial freedom or have time to dwell about that topic too. But I guess education is more important than my finance now, although I wouldn't discount that the latter isn't important. Drawing your attention back, yes I admit that I am in the rat race of 'work, rest, spend and then work again' , however, the irony is that sometimes working can curb spending, as you have have no time left to decide what you want to spend on. Don't you agree with me on this.
Another interesting topic that I would want to mention here is about a self-made millionaire who claims to be the youngest among the rest in his 'class of millionaires.' Although credit goes to him for being able to become so wealthy in such a young age, the comments I read about Adam khoo isn't that favourable. Some mentioned about him being too disillusioned about his methods to become rich that what he thinks is 'bao' , others will regard it as crap. Again, I shan't be bias towards any sides but I should share that not all, but some of his ideas can work and probably might work for you, i.e. it is generic, unlike being unique to him and his conditions. For example, because I heard this phrase of having multiple sources of income from him first, hence I would put it that he taught me this idea. And I find it rather true, and on top of that, useful. Diversifying your income not only generates more income and in the long term, more favorable investments, it can also be a safety net should one source of income e.g. your current job, fails.
Well, to end off today post, ocbc has started this new initiative called the young investors pack. In the pack are freebies and also a free online trading account with ocbc sercurities, according to their media release in their website.
~Cheers
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