Monthly archive - September 2012

QE 3 – Operation Screw, You & the Singapore Property Market

Posted on Sep 23, 2012 in Articles, Property Market, Singapore Property Investment by 0 Comments

QE3: The Rich Gets Richer, The Poor Gets Poorer

Yes, it’s operation screw all over again. They never learn from the past do they? The same mistakes are repeating and repeating all over again.

The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy — print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods. The last time the Fed tried to create a housing bubble to stimulate the economy ended up in a disaster. Throughout history, governments have destroyed economies by destroying currencies. History is repeating itself all over again. Only this time it will be a potentially huge currency crisis in the making, huge sovereign debt crisis that is already underway, more tears and misery – globally.

Accountability – It Starts with Me!

Posted on Sep 19, 2012 in Coffee Talk by 0 Comments

coffee-talkIt’s a funny thing, accountability. Ask almost anyone if they hold themselves accountable and you’ll receive one the several replies, ‘Of course’, ’Sure’, ‘I do but no one else seems to’

Let’s be correct and accurate if we’re talking about accountability. Accountability starts with me. Let’s say what we mean, and hold ourselves accountable for saying what we mean.





Unfortunately, it’s relatively common to find some outside source to blame for our circumstances.

People can regularly be heard to claim:

  • ‘It was Jonny.’
  • It wasn’t my idea’
  • We could sell more if we had xyz.’
  • ‘My manager interferes too much’
  • ‘My employees just stand around chance they get’
  • It’s Not My Fault!’
  • It’s not my job’
  • ‘I didn’t know about that!’
  • ‘My car broke down on the way!’
  • ‘The MRT train broke down!’

The Tiny Frogs

Posted on Sep 18, 2012 in Coffee Talk by 0 Comments

coffee-talkThere was once a bunch of tiny frogs, who arranged running competition. The goal was to reach the top of a very high tower. A big crowd had gathered around the tower to see the race and cheer on the contestants. The race began.

Honestly: No one in the crowd really believed that the tiny frogs would reach the top of the tower. You heard statements such as:

“Oh, WAY too difficult!!”

“They’ll NEVER make it to the top”

“Not a chance that they’ll succeed. The tower is too high”

The tiny frogs began collapsing. One by one…

…except for those who, in a fresh tempo, were climbing higher and higher…

The crowd continue to yell:

“It’s too difficult! No one will make it!”

The Diary of a Sudden-Rich

Posted on Sep 10, 2012 in Articles by 0 Comments

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. Robert G. Allen – Creating Wealth

My name is Adam.

I am a working professional, with a steady monthly pay check and a 13th month yearly bonus, if not more. I thank my bosses for the job security but hope to retire early. My total savings in my bank accounts today stands at $100k plus and wonder if it’s enough to support my wife and I during our retirement years. The good news is – my home value has appreciated and doubled in value!

 My plan: Sell my home, upgrade to a bigger unit and purchase a smaller unit for investment on the advice of my ‘experienced’ property agent friend. With the MRT coming up in the next few years, I think the price will not depreciate much in a downturn. Years later, when my children grow up, I will sell away the bigger home, take the proceeds upon capital appreciation and move into the smaller unit for retirement.

Invest time to learn, then money

Adam is one of the many people that I know of with ‘sudden’ riches from property appreciation in recent years. Many people are like him. They are employees we see every day who are happy working not-to-lose and turning their savings or ‘sudden riches’ to financial or property ‘experts’ rather than learning to be their own financial expert. Investing their money is secondary. Adam belongs to the group of people known as “passive investor” who invests no time to learn but invests money.

Say Say Only, All Up To You!

Posted on Sep 5, 2012 in Coffee Talk by 0 Comments

coffee-talkDreams vs Goals

A goal has a process.

Many people wants to get rich, buy that house, buy that car, get out of the rat race, lead that life, but why do they fail? The reason is most people have dreams but do not focus on the process necessary to achieve their dreams. For example, many people want to lose weight but what gets in their way of achieving their goal is the process of change in diet and exercise.

Most people dream, complain, whine, and give excuses. So instead of achieving their goal, their dream of a healthier, more attractive body remains a dream.

The other day, my fitness trainer said how envy he was with me, “How I wish to be like you and not have to worry about work on a weekday afternoon!”

Thanking him for his compliment, I asked, “How do you plan on making your dreams come true?”

His reply was, “I don’t know. I guess I’ll just keep dreaming.”

The process is as important as the goal. So any goal without a process is just a dream. And any goal without a change in one’s daily routine is also a dream.