Open Your Eyes To Financial Freedom

One thing for sure, investing and trading is not gambling otherwise there will be investing and trading houses otherwise known as casinos in the Nevada desert or anywhere across the world. Quite often, I have heard people told me that investing is as risky as gambling and one can lose a lot of money... well, not exactly. In fact, gambling is an activity based on luck. Nothing much, just luck, period. Poker players will bash me for this strong statement but let us be clear, poker is a different class of gambling. Even in poker, the general term used is gaming, hardly gambling. The gambling which I am referring is all that you see when you enter a casino.  Choose a colour, red or black and if it turns out in your favour, you win money. Pick a series of numbers and if you get them in the right order, you win money. Press the spin button and if you get a combo pattern, you win money. All of the mentioned require luck. The house always win and luck can run out eventually.  TO GAMBLE IS TO P

Into my 40s, I am halfway through living. If the average life expectancy of an average Singaporean Joe is 83, I have exactly 40 years left. Take out the last 5 years if I am torment by illnesses and unable to get off the bed for a simple walk to the nearby coffeeshop, I will have 35 years left to live. If I continue to work into the age of 63 years old (by the nation's standard), I need to live for another 15 years while I am physically capable and retired with no monthly income. 15 years of not working with no stream of income sounds pretty scary to me especially if I am living in one of the most expensive cities in the world. Income refers to money received through 1) work or 2) investment. Technically speaking if I am physically capable and work into my late 60s, keeping up with tabs should not be a problem but hey... life at old age is not about working. Like everyone else, I would like to retire as early as possible and still be able to enjoy my life after I have stopped worki

I was one of them... What I could have started 4 years ago at the end of 2017 was hampered by tons and tons of excuses and procrastination. They say "When you are in it, you do not see it", this is exactly true. Dark clouds loomed over my head as I was not thinking clearly. I totally understand the "why" to learn about investing/trading but I just couldn't understand the "why" to start. In many ways, the reasons to start were never seriously thought of. "I still have time...", "I have no capital...", "Timing is not right" are some of my common excuses. I can practically think of any reasons not to get started and I cannot think of a good reason to put everything into action. 4 years later, Covid-19 gave me the "why" to start. As most businessmen were hit by tremors of the Covid-19, I was not sparred. Stress were definitely mounting with rental to pay, salaries to cover and not forgetting the miscellaneous costs t