yah, but u see ah, if job stable then buy house, we usually count on the income to support the house in safety. That's why usually buy house liao difficult to start business, because all spare cash tied down liao. But if start business first, then stable liao and buy house, more secured lah.
Advice needed on how 30 yo female can become self-made millionaire
- Thread starter kittenpie
- Start date
to be honest, u dun have to do a business to gain the financial rewards u seek... it is a misconception. there are many employees who make more than small or medium businesses would make... there's easily hundreds of career paths like these...
my personal view is that most pple talk abt wanting to do business becos it is the Easiest-To-Understand reason for not doing the very same thing... becos raising capital is commonly-accepted as a reasonable reason for not being able to have such biz start-up.
it's very much like how fashionable it is to talk abt starting a cafe... i think most pple would have thought or shared such thought at one point... there's much assumption tat starting one would have gains... but honestly if u have 300k to start even a modest one... u would never start one. a conservative ROI would discourage any of your intentions... from there it is really abt gut feel and how u feel abt living life just this once, and never wanting to regret not reaching your fullest potentials...
at the expense of sounding like a broken record, that is precisely how i felt when i took the paths less travelled... it is Not becos i had some relative success that i am making this post. i have been making such posts since i was aged 21 and in the army, getting an army allowance of $612, and mum earning $650/mth... with a family medical debt due to dad's departure.
if u fear letting go of a 5k/mth future, how can u possibly obtain a 20k/mth future except thru luck? (and do u really wanna trust luck?). Think hard... is there No such thing as fear in all we do? but every fear we face - we get past it, we have gotten past it, we have fallen, we have conquered, if not mastered.
my greatest fear is in leaving this world without anything to be proud of... nor nothing left for the next generation... all other fears pale in comparison.
my personal view is that most pple talk abt wanting to do business becos it is the Easiest-To-Understand reason for not doing the very same thing... becos raising capital is commonly-accepted as a reasonable reason for not being able to have such biz start-up.
it's very much like how fashionable it is to talk abt starting a cafe... i think most pple would have thought or shared such thought at one point... there's much assumption tat starting one would have gains... but honestly if u have 300k to start even a modest one... u would never start one. a conservative ROI would discourage any of your intentions... from there it is really abt gut feel and how u feel abt living life just this once, and never wanting to regret not reaching your fullest potentials...
at the expense of sounding like a broken record, that is precisely how i felt when i took the paths less travelled... it is Not becos i had some relative success that i am making this post. i have been making such posts since i was aged 21 and in the army, getting an army allowance of $612, and mum earning $650/mth... with a family medical debt due to dad's departure.
if u fear letting go of a 5k/mth future, how can u possibly obtain a 20k/mth future except thru luck? (and do u really wanna trust luck?). Think hard... is there No such thing as fear in all we do? but every fear we face - we get past it, we have gotten past it, we have fallen, we have conquered, if not mastered.
my greatest fear is in leaving this world without anything to be proud of... nor nothing left for the next generation... all other fears pale in comparison.
to be honest, u dun have to do a business to gain the financial rewards u seek... it is a misconception. there are many employees who make more than small or medium businesses would make... there's easily hundreds of career paths like these...
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i agree.
i know of a founder of an SME group of companies (with a long history and reputation in its field) who draws only S$9,000 per mth.
and the cafe example hits bull's eye. how many cents of margin can you earn per cup of coffee or a sandwich, versus the rental of S$8,000 you got to pay per mth vs the utilities and the manpower overheads? the towkay of a shabby and humble looking but popular cze char stall can easily earn more than a postmodern arty-farty cafe because he has fast table turnover.
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i agree.
i know of a founder of an SME group of companies (with a long history and reputation in its field) who draws only S$9,000 per mth.
and the cafe example hits bull's eye. how many cents of margin can you earn per cup of coffee or a sandwich, versus the rental of S$8,000 you got to pay per mth vs the utilities and the manpower overheads? the towkay of a shabby and humble looking but popular cze char stall can easily earn more than a postmodern arty-farty cafe because he has fast table turnover.
fair enough there are successes, but it's normally not an incidental thing... that founder of the sme could sell the company and make an ok profit... my brother did it this way, and he is like - mr conservative... yet he put himself in an unlikely and very uncomfortable position becos he feared the right thing... he feared being marginised. If we fear the Right things, we will be ok... if we fear the Wrong things, we will just be like everyone else.
if biz is a path u fancy, u can try it... be prepared to fail, but dun be prepared to not try and just talk abt it. the very thought-process in wanting to start that biz - could potentially teach u more than we or our parents would ever learn as an employee.
if u want security, then work for pple who reward u... work in jobs that reward u, do things nobody would do and u'll standout and be better than the rest... it's That simple.
what u Dun Do, is stay where u are, wishing u were somewhere else... and do absolutely nothing but think abt it.
if biz is a path u fancy, u can try it... be prepared to fail, but dun be prepared to not try and just talk abt it. the very thought-process in wanting to start that biz - could potentially teach u more than we or our parents would ever learn as an employee.
if u want security, then work for pple who reward u... work in jobs that reward u, do things nobody would do and u'll standout and be better than the rest... it's That simple.
what u Dun Do, is stay where u are, wishing u were somewhere else... and do absolutely nothing but think abt it.
I think if u do business u must be ready to lose the money you invest. Treat it as gone/spent, then set a limit to how much u want to put in, at the point of our limit, enough is enough and u close shop. It's like gambling lah, be prepared to lose, for an opportunity to win.
tomasulu
Member
hweebs you are an idiot. you talk about the risks and opportunity cost of buying a property like it's insurmountable. yet you take on the risk of starting and running a business with so little thought and so much levity. buying a new hdb flat is a lot less risky and involves much less opportunity cost than starting a business. that much i know.
well eh ... hweebs ... to be fair, your comments so far on money-related matters have not been quite sound.
many probs in relationships arise due to money, fighting over of it or the lack of. would it be helpful in your career to pick up some knowledge on personal finance so that you could be better equipped to counsel couples whose problems partly arose out of money.
just a suggestion and trying to be helpful
many probs in relationships arise due to money, fighting over of it or the lack of. would it be helpful in your career to pick up some knowledge on personal finance so that you could be better equipped to counsel couples whose problems partly arose out of money.
just a suggestion and trying to be helpful
tomasulu
Member
I've the iPad but not bringing it w me until my dodocase is here. Should be any day now. I'm also not sure if I can rely on the iPad to work on presentation or xl. I know abt iworks but it's still worrying to depend on it for an impt presentation. Very tempted to get the new Sony vaio z... but to spend more than $5k for a laptop is perhaps idiotic.
Ok hweebs u r not an idiot.
Ok hweebs u r not an idiot.
the Pad's good for communications n just stay connected. incidentally i'm also looking for the right case, for big stuff like that i normally forget i have it until i lose it... so far the Pad has work wonders to keep my toddler entertained and quiet... definitely worth it! haha
Buying a new HDB flat is probably a good investment. If you or your CPF could afford $1000 per month, you can get a $300K 4 room flat with the 25 years loan. With those BTO flats, you could have locked the price for today's market and only start to pay after 3 years except the 10% deposit. Loan also starts in around 3 years time. I remember the Buangkok 5 room flats are going at about 200K? 8 years down the road(3 years building and 5 years minimum staying period), with the new MRT and inflation/revaluation, the value of the 5 rooms are going at least $350K. If you choose a good location and with the low interest rates, you would probably earn a good profit from it. And to consider that most people probably only use your CPF to pay for the house, it is like a free chance to earn money provided you are earning less than $8K a month and renting a place or getting a private properly is an option to you.
But of course if you do that, you will need to think about where are you going to stay after you sold your HDB flat.
But of course if you do that, you will need to think about where are you going to stay after you sold your HDB flat.
Ops...
Haha.. Bedokboy, i was actually telling Hweebs that buying a HDB flat is a good investment rather than a burden of 27 years debt. Assuming that she is still living with her parents or has a place to stay.
May, yes it is going to be loserish if you do that. But for those who are single, above 35, not enough cash to finance a private property. It is a good way to spend your CPF. But of course with my own family, i can't do that. lol.
Haha.. Bedokboy, i was actually telling Hweebs that buying a HDB flat is a good investment rather than a burden of 27 years debt. Assuming that she is still living with her parents or has a place to stay.
May, yes it is going to be loserish if you do that. But for those who are single, above 35, not enough cash to finance a private property. It is a good way to spend your CPF. But of course with my own family, i can't do that. lol.
Vios,
LOL~ It's up to you. And it's up to May to label...
Nope. I am seriously considering migration when my parents ain't around because travelling shows that Singapore is really unique with... very funny thinking people being in such concentration.
You can argue to cows come home, May can insist I am what attention-seeker... Frankly speaking, in this cultural desert, nosense such as these don't even need sense to be justified. LOL~
I am not selling my blogs or ads here. I don't need to be what attention seeker. LOL~
And I am not expecting people here to repent... You have your lives, I have mine. But telling me that frying properties is so honorable and such and such only makes me laugh.
Yes. You make plenty of money helping inflation to the Heavens... LOL~ Up to you.
LOL~ It's up to you. And it's up to May to label...
Nope. I am seriously considering migration when my parents ain't around because travelling shows that Singapore is really unique with... very funny thinking people being in such concentration.
You can argue to cows come home, May can insist I am what attention-seeker... Frankly speaking, in this cultural desert, nosense such as these don't even need sense to be justified. LOL~
I am not selling my blogs or ads here. I don't need to be what attention seeker. LOL~
And I am not expecting people here to repent... You have your lives, I have mine. But telling me that frying properties is so honorable and such and such only makes me laugh.
Yes. You make plenty of money helping inflation to the Heavens... LOL~ Up to you.
yalah, after hweebs is more settled in her business, will be saving to buy a shophouse 
now is not just 27 years but probably 60 years of debt *faint*
I'm very unsound in talking about finance meh? I thought I'm only talking about myself and hdb and business, where got advise people how to spend or save money? But I know one thing: to set up business one must have enough (spare) cash. Either that or have the determination to work 16-20hrs when business start and you don't have the money to tahan for a year.
now is not just 27 years but probably 60 years of debt *faint* I'm very unsound in talking about finance meh? I thought I'm only talking about myself and hdb and business, where got advise people how to spend or save money? But I know one thing: to set up business one must have enough (spare) cash. Either that or have the determination to work 16-20hrs when business start and you don't have the money to tahan for a year.
u had these same expenses for 10yrs, i dun think bringing them up - reflects your ability to manage, but instead... shows that u're quick with excuses.
come'on, toothpaste??? transportation???
i can tell u straight off now that u dun possess the right mental tools to be successful in even a small way... and watever biz u're doing is just an excuse to do nothing with a legit Excuse...
even the uncle selling newspapers wouldn't come up with the abv as 'overheads'. that's necessities n survival... not biz overheads.
so to answer your first question - yes u're unsound in biz.
come'on, toothpaste??? transportation???
i can tell u straight off now that u dun possess the right mental tools to be successful in even a small way... and watever biz u're doing is just an excuse to do nothing with a legit Excuse...
even the uncle selling newspapers wouldn't come up with the abv as 'overheads'. that's necessities n survival... not biz overheads.
so to answer your first question - yes u're unsound in biz.
Vios,
In Chinese: 执迷ä¸æ‚Ÿ.
But it's human nature that... you only think for yourself, and other people can die... including your next generations...
Certain things need everyone to guard, what everyone needs to guard, everyone must wake up... But when everyone is the monkey looking at the jug of sweets... Difficult to tell them, take what you only need. LOL~
When people become rich by inflating things to Heaven... they say they are capable. But in real, just like those people who pushed tulip prices to Heavens... Tulip is still tulip.
If what you gained is based on the losses of many many others in basic necessity, it's a sin no less than unnecessary robbery. Nothing value added, and people still shamelessly declare their 'capablities' from such anti-social speculations.
This is indeed a cultural desert... LOL~
Yeah... perhaps lame to you, but your children or grandchildren could thank me to being so lame. LOL~
In Chinese: 执迷ä¸æ‚Ÿ.
But it's human nature that... you only think for yourself, and other people can die... including your next generations...
Certain things need everyone to guard, what everyone needs to guard, everyone must wake up... But when everyone is the monkey looking at the jug of sweets... Difficult to tell them, take what you only need. LOL~
When people become rich by inflating things to Heaven... they say they are capable. But in real, just like those people who pushed tulip prices to Heavens... Tulip is still tulip.
If what you gained is based on the losses of many many others in basic necessity, it's a sin no less than unnecessary robbery. Nothing value added, and people still shamelessly declare their 'capablities' from such anti-social speculations.
This is indeed a cultural desert... LOL~
Yeah... perhaps lame to you, but your children or grandchildren could thank me to being so lame. LOL~
yalah powder, u rich, u win.
u dun need to set aside money while u lose your job and set up business, u dun have expenses, u laugh at what i call expenses, u win. u got so much money that normal expenses are pittance. good lah. i only small fry, shall not talk to u about business
u dun need to set aside money while u lose your job and set up business, u dun have expenses, u laugh at what i call expenses, u win. u got so much money that normal expenses are pittance. good lah. i only small fry, shall not talk to u about business
hweebs, powder was trying to point out there from the way you express here, it appears that in the framework of your thoughts, there is no distinction between the concepts of business overheads and self-sustenance.
also, from what i see, debt and the term of the debt overwhelms your thinking. you also have no concept of equity. you buy a house on debt, but the portion that you repay is your equity. when you sell the house, you will use the proceeds to offset the outstanding debt and may even profit from the portion which you own (by paying it off). and you only look at the long tenure of the debt without considering that at opportune times, you can sell the house away and even profit from it.
your thinking is myopic and centred on the daily hand-to-mouth issues. you lack experience and exposure in personal finance matters involving investments and the making of large purchases.
i find that if you go and counsel people based on your limited thinking, it is very dangerous and risky as it could mislead. or that people simply do not find you credible.
and your attitude is appalling. the tone of this forum is in general to help people. however, your reply shows that you think that you are above help and are resistant to strongly-worded advice. i am surprised that a person who practises counselling for a living can have such an attitude. behaviour in the virtual world can really tell a lot about a person ...
also, from what i see, debt and the term of the debt overwhelms your thinking. you also have no concept of equity. you buy a house on debt, but the portion that you repay is your equity. when you sell the house, you will use the proceeds to offset the outstanding debt and may even profit from the portion which you own (by paying it off). and you only look at the long tenure of the debt without considering that at opportune times, you can sell the house away and even profit from it.
your thinking is myopic and centred on the daily hand-to-mouth issues. you lack experience and exposure in personal finance matters involving investments and the making of large purchases.
i find that if you go and counsel people based on your limited thinking, it is very dangerous and risky as it could mislead. or that people simply do not find you credible.
and your attitude is appalling. the tone of this forum is in general to help people. however, your reply shows that you think that you are above help and are resistant to strongly-worded advice. i am surprised that a person who practises counselling for a living can have such an attitude. behaviour in the virtual world can really tell a lot about a person ...
msy,
why do you keep trying to teach me how to live my life? Did I ask for your advice? Why do you think you have something to teach me anyway?
And you make insinuations about my profession just based on how i conduct my financial affairs, WHICH has nothing to do with how I work I am NOT a financial advisor, and WILL NOT provide financial advice to my clients. And you put yourself in a position to lecture how I SHOULD do things. May I enquire what gives you the power to do so?
"i am surprised that a person who practises counselling for a living can have such an attitude. behaviour in the virtual world can really tell a lot about a person ..."
you are really quite a nasty person, you know.
why do you keep trying to teach me how to live my life? Did I ask for your advice? Why do you think you have something to teach me anyway?
And you make insinuations about my profession just based on how i conduct my financial affairs, WHICH has nothing to do with how I work I am NOT a financial advisor, and WILL NOT provide financial advice to my clients. And you put yourself in a position to lecture how I SHOULD do things. May I enquire what gives you the power to do so?
"i am surprised that a person who practises counselling for a living can have such an attitude. behaviour in the virtual world can really tell a lot about a person ..."
you are really quite a nasty person, you know.
Hweebs,
dont worry. this is an online forum with full and absolute anonymity. everyone is operating here incognito. i do not know you in real life and you do not know me in real life. what i am saying is my opinion only.
from the way you fire away the questions at me, i see that you are excited. why are you so excited? this is just comment only. unless what i say hit you on a personal spot of insecurity within you.
by getting excited, you show me that how i judge matters to you. you simply dont understand that this is my opinion. even Scope says that it is up to forummers to label one another. can you just understand that?
ok, you are a good counsellor. i am nasty. point taken and accepted.
dont worry. this is an online forum with full and absolute anonymity. everyone is operating here incognito. i do not know you in real life and you do not know me in real life. what i am saying is my opinion only.
from the way you fire away the questions at me, i see that you are excited. why are you so excited? this is just comment only. unless what i say hit you on a personal spot of insecurity within you.
by getting excited, you show me that how i judge matters to you. you simply dont understand that this is my opinion. even Scope says that it is up to forummers to label one another. can you just understand that?
ok, you are a good counsellor. i am nasty. point taken and accepted.
miloice
Well-Known Member
May, as you seen in your sharing about your marriage in other thread, u r pretty dominant in the musculine side. Hence, the aggressive straight forward approach in your communication. But, not nasty, as least not in this situation here. Probably more nasty when with your ex husband.
errrr Hweebs.... no one is teaching or laughing at you, as those are perspectives and mere suggestions. why so defensive?
and seriously, i can see that your biggest issue towards finances is not just Fear (for debts) but you subconciously "support" it by setting on your own conclusion liao...
and that is like an ill-exposed nemo that is not unwilling to venture into the unchartered waters, not because it might be dangerous... but it views the non-imperatives just as crucially.
to yourself, you might be correct to include the super basic necessities like toothpaste as part of your operational overheads - even though it shouldn't be - but another part of it is to excuse yourself for executing a Feasible plan.
errrr i'm not sure your question is seeking for immediate business capital, or seeking for a plan to raise the capital.
and seriously, i can see that your biggest issue towards finances is not just Fear (for debts) but you subconciously "support" it by setting on your own conclusion liao...
and that is like an ill-exposed nemo that is not unwilling to venture into the unchartered waters, not because it might be dangerous... but it views the non-imperatives just as crucially.
to yourself, you might be correct to include the super basic necessities like toothpaste as part of your operational overheads - even though it shouldn't be - but another part of it is to excuse yourself for executing a Feasible plan.
errrr i'm not sure your question is seeking for immediate business capital, or seeking for a plan to raise the capital.