My Decade-Long Journey To Five Million

My 2009 resolutions: Pass CFA Level 1 Exam in June 2009. Increase my net worth by S$150k this year. Lose 8kg of (hopefully mostly) fat. 

January 8th, 2009 | Tags: goals | Category: Goal Setting | Leave a comment

“What are your New Year resolutions?” Probably one of the most frequently asked questions between Dec 31 and Jan 15, year after year after year after year. Which leads me to my next question to you, dear reader: Can you name one friend, just ONE friend, who has managed to achieve what he/she was set [...]

January 4th, 2009 | Tags: goals | Category: Goal Setting | Comments (6)

Changes since last update: The job Whoah. What a year. The job cuts are coming, and seriously, nobody is safe. NOBODY is safe. I thought “headcount reduction” was something that would happen to other teams, but not mine. My team handles a critical business function, and we have been doing really well despite the economy [...]

December 14th, 2008 | Tags: goals, Wealth | Category: Goal Setting, Saving, Wealth | Leave a comment

Grace Cheng has shown me the way. She’s a 28-year old Singaporean, who has found the way to be travelling round the globe for a year while still doing her work.  IT WAS a trip around the world many dream about but few accomplish.   But foreign-exchange trader Grace Cheng and her husband did it [...]

November 3rd, 2008 | Tags: trading retirement goals | Category: Goal Setting, Retirement, Trading | Leave a comment

WRONG. If we’re talking about living a good, comfortable life, sure, past a certain amount, it’s not about how much money you make, but more about what you do with that money, and managing your expectation.  But if we’re talking about becoming a millionaire, then it’s a whole another discussion altogether. This whole “it’s not [...]

October 14th, 2008 | Tags: Goal Setting, Wealth | Category: Goal Setting, Saving, Wealth | Leave a comment

Since the last update, there have been a few changes: The business has been going slowly unfortunately. Load at work has been unbelievable. Thanks to the economy, I think it’s quite realistic to say that my target of getting a 6-month bonus for 2008 ain’t gonna happen The market has been so volatile, I’ve decided [...]

October 12th, 2008 | Tags: goals, Wealth | Category: Goal Setting, Saving, Wealth | Comments (1)

I’ve never seen the failures of so many great and famous people collected together in one page! Did you know that Lance Armstrong finished LAST in his first professional race? Luckily he didn’t give up, eh?  Go ahead and read many other interesting facts about how the greatest athletes, musicians, dancers, actors/actresses, and even statesmen [...]

September 15th, 2008 | Tags: goals, self-improvement | Category: Goal Setting, Optimizing The Self | Leave a comment

NetworthIQ is fantastic! It lets you keep track of your net worth, and compare it with the net worth of people from similar education background, age group, income bracket, and so many other things.  I wish I had found this site before I wrote this post and this page, which, in retrospect, aren’t really accurate. After [...]

September 12th, 2008 | Tags: money, net worth, Salary, Saving | Category: Goal Setting, Saving, Wealth | Leave a comment

A few key highlights: I’ve started a business so I can claim deductions for my business-related expenditures I’ve decided to dedicate my resources to learn Forex trading till the end of 2008.  I’ve decided to try to save 80% of my salary every month till I’ve got a safety net to put aside.

September 7th, 2008 | Tags: goals, Wealth | Category: Goal Setting, Trading | Comments (5)