Everybody loves free stuff. So as part of the Christmas Celebrations, I am giving away MONEY!
ANYONE can earn it.
Just leave a comment on this post and you stand a chance to win.
I wil pay by Paypal or internet banking (if you have a bank account in Singapore)
How to WIN?
Simply post a comment below this post (no vulgarities and spam please). The prize money starts from $0 and increases by $1 with every comment below this post up to a maximum of $50.
The person whose comment is the last (with no comments in the next 24 hrs) walks away with the prize money. There will only be 1 winner
Multiple postings are allowed but you are not allowed to post consecutively.
*Updated 2nd Dec 2009 2.41pm - consecutive postings if any will be considered as 1 posting. I.e. if a user post 10 consecutive postings, it will only be considered as 1 posting
Example 1: You are the 5th person to comment and nobody else comments after 24 hrs, you walk away with $5
Example 2: You are the 34th person to comment and nobody else comments after 24 hrs, you walk away with $34.
Example 3: The competition heats up and people keep posting comments. As long as you are the 50th person to comment, you win the $50 which is the maximum prize money.
The maximum amount to be won is $50 and there will only be 1 Winner.
The winner is to inform me through my email (sgfinancialfreedom@gmail.com) on the payment method he would prefer (Paypal or i-banking).
I reserve the sole right to determine who the winner is if there is any conflict. Remember the 24 hour rule.
Prize money is in Singapore Dollars.
Brian Tracy - How To Increase Your Income by 1000
Brian Tracy is a motivational speaker and self-help author. In this video, he shares some insights on how to increase your income. Happy viewing!
31 Days to Increase My Passive Income
One of the reasons why I started this blog was to track my passive income earnings.
In 2008, I managed to hit my goal of achieving $200 per month in passive income.
The goal set for the year 2009 was to hit $400 per month passive income.
With 31 days left to 2009, I have to figure out a fast way to hit that amount of passive income.
Here is my estimate at where I am at currently:
1. 12,000 x Ascott REITs (DPU = 3.55 per half) = $71.00 per month
2. 17,000 x First REITs (Annualised DPU = 7.66cents) = $108.51 per month
3. 1000 x Suntec REITs (Annualised DPU = 11.94cents) = $9.95 per month
4. Maybank iSavvy Deposit = $8 per month
5. Online Income Sources = $30 per month
Total = $227.46 per month
I am now torn between putting my capital into dividend stocks or stocks for capital gains.
In 2008, I managed to hit my goal of achieving $200 per month in passive income.
The goal set for the year 2009 was to hit $400 per month passive income.
With 31 days left to 2009, I have to figure out a fast way to hit that amount of passive income.
Here is my estimate at where I am at currently:
1. 12,000 x Ascott REITs (DPU = 3.55 per half) = $71.00 per month
2. 17,000 x First REITs (Annualised DPU = 7.66cents) = $108.51 per month
3. 1000 x Suntec REITs (Annualised DPU = 11.94cents) = $9.95 per month
4. Maybank iSavvy Deposit = $8 per month
5. Online Income Sources = $30 per month
Total = $227.46 per month
I am now torn between putting my capital into dividend stocks or stocks for capital gains.
Lessons From A Beach Bum
We all know the story about the rich and successful man who went to the beach and saw a surfer dude bumming around. He asked the surfer dude to have more aspiration, to get a job, save enough money and then be able to retire...
The surfer dude asked him:" And what am I going to do when I retire?"
"Well, you could sit down at the beach, relax and surf" replied the rich and successful man..
This anecdote always hits me as it reminds me that many times, we can be pursuing the wrong goals in our lives.
We think that money can make us happy and keep looking forward to the future where we think we will be richer and maybe happier.
Alas, the years pass and we are richer but we still do not find ourselves happier.
We analyse the situation and figure out that perhaps we are not RICH enough so we carry on working ourselves to death, trying to keep us with the Jonases and whoever.
I figure that many people realise that after twenty to thirty years of working, they have literally WASTED their entire lives away living up to other people's expectations of them.
This is truly sad but it is extremely real in a society like Singapore.
I guess that there are 2 Key Lessons that we all can learn from the story about the beach bum.
#1 - Treasure the Present
Too many times, we keep thinking about the past and fantasizing about the future while dreading the present. The key to happiness I guess is to learn how to treasure the present.
#2- Get Out of the Rat Race
The race is for rats only. If you are not a rat, please get out of it and spare yourself the miseries of keeping up with the whos who. Seriously, nobody gives two hoots whether you drive a Lexus or a BMW or a Toyota. The people you are trying to impress are busily trying to impress you too so they will hardly notice what car you are driving.The author of this blog is a well-qualified bum in every sense of the word. He advises you to take everything you read in this blog with a pinch of salt.
Dividends for November 09
Checked my bank account and realised that I have received dividends from two of my REITs (First REIT and Suntec REIT)
Total from First REIT = $323
Total from Suntec REIT = $29.21
Sort of regretted selling away some of my Suntec REITs as I would have received a much larger dividend. Oh well, I guess we are always wiser with hindsight.
Total dividends for November 2009 = $352.21
It certainly cannot compare with the dividends that I received for Feb 09, May 09 and August 09 but it beats getting nothing at all.
Read Related Articles:
1. Received Over $1000 for August 09
2. Dividends for May 09
3. Dividends for Feb 09
Total from First REIT = $323
Total from Suntec REIT = $29.21
Sort of regretted selling away some of my Suntec REITs as I would have received a much larger dividend. Oh well, I guess we are always wiser with hindsight.
Total dividends for November 2009 = $352.21
It certainly cannot compare with the dividends that I received for Feb 09, May 09 and August 09 but it beats getting nothing at all.
Read Related Articles:
1. Received Over $1000 for August 09
2. Dividends for May 09
3. Dividends for Feb 09
Donald Trump and Robert Kiyosaki
In this video, Donald Trump and Robert Kiyosaki speak about the book which they co-authored "Why We Want You To Be Rich"
What $680 Can & Cannot Buy
Two events happened today that made me think about what money can and cannot buy.
EVENT #1 - INSTALLING WINDOW GRILLES
For one, I managed to get a nice set of window grilles for my house. It is now a much safer home for my little one as I have always been worried that he would push a chair to the side of the window and climb out too far. With the window grilles now in place, the whole house feels SO MUCH SAFER. I feel much more at ease to let the little one roam about the different rooms and don't have to worry too much about him.
The window grilles cost me $680 and I must say it was a pretty standard price as I asked around for a few quotations and all of them came back with the same quote of $5.50 per square foot of window grilles. Oh well, I guess I can only say that it is money well spent.
EVENT #2 - FALLING SICK
On the other hand, the little one also got a bit sick and he was a bit grumpy at night. And I realised that all the money in the world will not be able to make my little one feeling well right away. At the end of the day, it will be his own immune system that will have to fight back and make him feel better.
So money can't buy you everything. It cannot buy you health.
EVENT #1 - INSTALLING WINDOW GRILLES
For one, I managed to get a nice set of window grilles for my house. It is now a much safer home for my little one as I have always been worried that he would push a chair to the side of the window and climb out too far. With the window grilles now in place, the whole house feels SO MUCH SAFER. I feel much more at ease to let the little one roam about the different rooms and don't have to worry too much about him.
The window grilles cost me $680 and I must say it was a pretty standard price as I asked around for a few quotations and all of them came back with the same quote of $5.50 per square foot of window grilles. Oh well, I guess I can only say that it is money well spent.
EVENT #2 - FALLING SICK
On the other hand, the little one also got a bit sick and he was a bit grumpy at night. And I realised that all the money in the world will not be able to make my little one feeling well right away. At the end of the day, it will be his own immune system that will have to fight back and make him feel better.
So money can't buy you everything. It cannot buy you health.
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