Advice needed on how 30 yo female can become self-made millionaire

ariel,

I have not been lucky with casinos. More luck and experience with sports betting. Because, its not purely random. There is a lot of analysis to determine if a bet is worth the try.

Take the WC. Historically, the 3rd placing match hasn't resulted in low score since many WCs back. It was a good buy to bank on Total Goals > 2.5. I just won $500 on that last week. Such bets comes once in 4 yrs though
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powder,

"u were encouraging bedok on setting up a biz... and what is the purpose of setting up a biz?"

there are many reasons to set up a business, not necessarily to get rich. I didn't set up my business to get rich.

perhaps i have misunderstood...bedok u want to set up business to get rich har? I only know how to set up and run a business, I don't know how to set up business to get rich so cannot say anything about that.
 
thomas,

yah, perhaps i'm being too defensive lah...but it's hard not to be defensive when people are calling me 'idiot', etc, etc. I am only giving my 2 cents worth when it comes to doing business, I know I'm not a guru, and you can say that my ideas is not of the norm. But when people are telling me I'm unsound in business when I have started mine, and tell me that I'm full of excuses when I talk about transportation, utilities etc...I dunno, I kind of lost it bah. Coz these are very real expenses to me, and by my calculations, I need about 20K to afford these 'small expenses' for 1-2 years. When I read powder's msg I have the impression that he thinks 20K is really just a whisker...he has, what...200K business that's why 20K of overhead is peanuts? I am really not so rich lor
 
sm,

in the instance when i gave unsolicited advice to the TS, I apologized for it when I realized it was uncalled for. Note that.
 
hweebs,

bedok's motivation (if to start a biz) certainly isn't for world peace, not at this stage in his life... like i said - Purpose.

u did not misunderstand, u know full well the motivation, else u're declaring yourself and being rather empty. if there's a good time to actually take responsibility and stop finding excuses for yourself... Now is a good time by starting in this forum. u have nothing to lose except a tainted nick... and pple are generally forgiving... once u admit to your shortsightedness, we can move on. else u'll be stuck with another 30 posts to make just to prove that u were right all along, when the community actually saw thru the weakness liao.

sorry but nope - i dun think u know how to setup and run a biz... perhaps u're talking more abt internet biz and running a webpage. or a mobile phone shop, something that doesn't require much strategizing.

i'm actually still puzzled on how u plan to obtain a 60yr loan tenor to buy a shophouse when u're 27 or 30. - "will be saving to buy a shophouse :P now is not just 27 years but probably 60 years of debt *faint*"
 
hi Ariel,

ref - Powder, what is the "U can also work on a deal that requires 6-8mths of work, and pays u a lump sum of abt 50k at the end of it" - what kind of deals?

- sort of like getting a middleman cut. there are many pple out there who need/want something... u can link 1 to another and get a referral cut. very much like matching home buyers and sellers... the spectrum can cover services, products, consultation and basically anything under the sun. it is not different from a maid agency or model agency... u dun need huge overheads, just connecting pple and making sure your referral is documented in the MOA.

for the gambling aspect, it is purely something as an option and pls just leave it as 1k... not even 1.1k... i am making an assumption on your financial state by using 1k, but i think losing anything more does not make sense. it is purely Trying for the sake of trying and Never ever indulge and think u are bigger than the laws of probability.
 
powder,

I own a business right now because i have registered as a business owner. I rent an office and is a sole proprietor. Granted, I probably do not know how to run the type of business u have in mind, but mine is working fine.

in the old old days (10 years ago) I had wanted to get rich, become a millionaire etc. But not now. I had set up my business because I do not want to work in an organization anymore with more concerns about red tape than supporting children. I did not want to be the minion helping my ineffective boss climb up the ladder. I wanted more time for myself. I wanted to only do work that I find meaningful, not to wipe asses and suck up to people. I want the freedom to do my own stuff, which is not possible in an organization. These are the real reasons for my business now. Rich? Of course I will like to get there, but if I cannot also okay.

how to obtain 60year loan ah? This is not in my mind right now, got other things to think about. But my plans are usually carried through: I planned to set up shop 3 years ago, and I have. So as long as the shophouse remains in my mind, I will get there someday, somehow la
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at most just like a tortoise crawl lor
 
Ariel,

MOST IMPTLY... the family member u are helping - Pls assess how much help u should extend, and whether the debt will likely be recurring or has it been plugged. this is Absolutely impt before committing yourself.
 
but thanks to you all who has tried to be helpful lah. Appreciate it, but please don't scold me anymore. I dun like it.
 
Hweebs,

i'm glad your biz is "working fine"... just abit puzzled at the phrase u used to describe it.

and i'm glad to see u put your motivation to get into biz, exiting the ratrace and all... it is good to exit early, i just hope it's a well-planned exit. i gues your ineffective boss couldn't climb anymore, after u exited... must have been the reget of his life.

"Rich? Of course I will like to get there, but if I cannot also okay." - OK, u're banking on luck then... Scope will give his stamp of approval.

"how to obtain 60year loan ah? This is not in my mind right now, got other things to think about."
- i am asking becos i Need your advice on this one... if u have the connections pls let me know, it will open more doors for me, tks.

"But my plans are usually carried through: I planned to set up shop 3 years ago, and I have. So as long as the shophouse remains in my mind, I will get there someday, somehow la at most just like a tortoise crawl lor"
- sometimes it's good to ascertain if the timeframe extends beyound your preferred timeline. getting a HDB in 10-20yrs is ok, but when u realise it's gonna take 70yrs on current pay, the tortoise theory can't apply... cos humans dun live that long.
 
hweebs,

the questions are meant to benefit u... if u practise self-honesty.

as for the scolding part, it is actually making me suspect that our threshold for abit of harshness is the bigger motivation to work for yourself than for others... could be your inability to get along, which will be a serious problem in most facades of life. could take awhile before u realise it's not them, it's u.
 
powder,

thanks. yup, i dun have a high threshold for harshness because in my life i have been scolded for nothing all too often, so i kinda hate it. so in my life i will always gravitate away from harsh people, and be with people who are more 'simple' and less hurtful.

The timeframe part...i think it's kind of end of life for me there liao. I hope to get a shophouse, then open cafe downstairs, do my counselling plus live upstairs, then like that whole life pass. No need anymore extra lah
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like tat i happy liao. I dun have any idea how to get the 60year loan, sorry cannot help you.
 
if u dun have an idea how to get 60yr loan, how do u derive and put that possibility into your plans? or into your intended plans? is that even viable?
 
May - thanks, I'll keep in mind regarding the property rentals. May check it out soon
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Milo - soccer betting really not easy, and must have a lot of control. I have a hard time understanding the what 1.5, 0.5, etc number of goals, hehe. But I don't mind studying it and putting small bets for a start. :P

Powder - thanks for the explanation about deals. Now I have a better idea what kinda stuff I can consider to earn that 50K. Regarding the family member who incurred the debt, it was a debt due to housing issue, hence not recurring type.
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oh in that case, u can definitely help... think out of the box (not really out of the box, just that most locals not very exposed)
 
Ariel, the new BPL season is coming. You need to understand the various traits in each of the big teams... Liverpool, Spurs and Arsenal normally play very well in the beginning. So, you may want to combine their bets for good odds with smaller bet. Man United may slip a bit in the beginning as they are slow to warm up. Careful with weekends before champions league as they might rest key players.

When top teams play the bottom, either skip or eat. Or go for exact score 0-1. Mostly, they cannot clear the handicap. Also, be careful of derby matches, the odds are poor indication of the risk.

If your risk appetite is big, you could go for jalan aka in the running bets. Where you watch the match and bet while the odds move. I would suggest that for favorite teams where odds are too poor. Keep your bets while the match goes on. If there isn't an early goal, the odds and handicap will change. This one, you will lagi need discipline. It is possible to win within mins of your bets.

When the boat is too heavy, skip the match. No football is completely clean. The incentive to kelong comes with money. No one will kelong if there isn't a clear motivation for it. Heavy boat do sink. So, beware.
 
ok Hweebs, just note that if u're 35yrs old and can get a 30yrs loan... 10yrs later when u're 45yrs old - u Should not think that u can still get a 30yrs loan. that's all i wanna say... take care.
 
I wouldn't advise gambling in casino or soccer betting. The risks are high and it is too tempting.


Football betting, yes you can win but you can also lose.. It does not matter if you think you can analyze the game, it may help favor you a little in your odds.. but generally the odds are stacked against us.

I made more than 20K during this world cup - just a few weeks but I am prepared to lose up to 20K as well. So, if you can't afford to lose, don't bet.

To make 50K in casino, how much do you think you can afford to lose? Unless you are extremely lucky, you will need at least 20K to start with.
The odds in the casino at least more predictable and more "even" than football better.. But it is pure luck or predominantly luck.. if you exclude counting cards in blackjack and such.

With 20K capital, I would put in China & India funds. It will at least double by the end of the year without me doing much..

But if you don't have any capital. then buy 4D and hope that you strike it big. Else you can start with commission-based jobs but it is not going to be easy.

Like insurance agent - the initial few years are tough. The cumulative commission will only come in in future years. Even for property agent, it is not as easy as it is - you need a lot of hard work.
 
Agree, gambling is very high risk. Needs lots of discipline, never to show hand and ability to write off loses. i.e. you must have enough ready cash to lose.

I don't agree that soccer odds is always against us. Sometimes, it can be really good. But, its rare. e.g. one can sometimes play on HT-FT bets. The returns are very good and not that impossible either. The benefit of online betting is there is no min amt. It offers the most flexibility. Unlike other modes of soccer betting.
 
my colleague's uncle struck big at Toto and suddenly became extremely low-profile. but relatives notice he suddenly changed car change house ... he sure struck BIG BIG!!
 
milo,

I am referring purely to the odds.. of course if you "think" you have knowledge and the odds could be in your favor, your assessment of the odds could be different.

I am more looking at the half goals type of bet.. and that is where most people will bet..

Of course if you look at other types of bet, there are many good opportunities around but it is difficult for those without good knowledge.

We can bet on history.. but history can be wrong. Like Europe never win the world cup when it is played outside their continent and yet Spain Won. No team ever win the world cup when the lose the 1st opening match.. and yet Spain won.

So if you bet on history and you won, you can allude to the fact about "your knowledge".. but when you lose, how? Bad luck?
 
hi sm,

history are only intended for reference. We need to understand why there was the historic trend. There is a good reason why the 3rd placing are mainly ending up with high goals. And you look at germany and uruguay strike force and defence, high goals is a very good bet with the given odds.

As we all agree. Gambling is high risk and with funds we can afford to lose. The so-called knowledge are also for reference. Football is not the same as casino game because its not totally random. Many factors are in play. There is no such thing as sure win, else I can retire liao. :p

When I win, I also look at how it was won. Sometimes, its pure luck. But there are times, we can surely affirm that our analysis was correct. Similarly, when it was lost. We could have lost on bad luck despite correct analysis or simply bad analysis too.

Take example, last night UE league matches...
I bought combined straight wins on :-
- Maritimo (1.2)
- Motherwell (1.4)
- Olympiakos (1.3)

It would be bad investment to throw in $100 to risk at such odds. But, not bad investment for $20 bet on a single combined bet for 2.18 odds. This kind of betting needs little analysis. Just compounding the bets for better odds hence containing the total bet amount at risk. With betting, we stand to lose the entire bet amount. So, the less we risk our capital for better odds, the more we could potentially win in the long run.

You won 20k because you bet in thousands while I won few k as I bet in tens and hundreds. Just within one's personal comfort zone.
 
That is why football betting - I treat it as a past-time.. and not to make money.. if the advice is to use football betting to win 50K - this is to me a big risk. You must be prepared to lose at least 25K before you can make the target of 50K unless you are extremely lucky.

I used to bet on nba, tennis, f1 and many many other sports. Even football, I cut down a lot.. only more active with higher profile matches.. Last time I used to bet on all matches (english, italian, spanish, german...& even sleague) and glued to the computer screen instead of watching the matches.

I am just responding to your initial advice on betting in response to the need to make 50K within a year.
 
ariel, word of advice here...if u wanna bet be it in casino or soccer/online betting, only bet with the money u can afford to lose or what u deem as spare cash...

also, being a property agent even if part-time is not easy...are u prepared to work on weekends? put up with fussy owners/customers? bring ppl for viewing be it rain or shine? u gotta establish some contacts first too if u really wanna try this line...otherwise it will be tough. My SIL tried and gave up after a few months.
 
definitely not 50k through soccer betting. Its more for some additional bonuses to possibly help.

Same here, soccer betting is more entertainment to increase the excitment of the match for me.
 
PLEASE refrain from trying to make 50k with Gambling... my whole idea of adding that element, was to Cap it at 1k... for a simple element of luck... once u lose 1k, that's it... else try to let it rollover as a supplement. if can't, end it there and raise 51k instead of 50k... Never ever think u can beat the odds becos u Can't... the trick is in Knowing When to walk away, and not abt the Odds.

it's a strange thing to say... but If u gamble to Win money, u seldom will end up winning... it's just one of those things...
 
There are many systems employed by professional gamblers (actually I used to gamble frequently). There is no such thing as sure win but you just increased your odds of winning.. when your odds of winning is > 50% and you play long enough, you will win money.

But casino is wary of such professionals. They have a blacklist of such people.. and they can restrict you to 24-hours gambling before they will escort you out of the casino.

If you have large capital.. it is not unreasonable to win a modest amount. The classic system is the doubling up of stakes.. there are variations of which.. some of them pretty complicated to layman.. But casino is also smart as they limit to how much you can double by having "max" amount on each table.. from the smallest to the maximum bets.. typically it will not exceed hundreds times.. often less.

For blackjack, they will re-shuffle cards much more frequently.. so reducing your ability to count cards..
 
The "best" game with least advantage for the casino is "bacarrat".. only 1.06% advantage.. but that percentage increases with the increase in the deck of cards..

Easy to play.. just choose banker or player.
 
i like blackjack... can relak relak play... not really play to win, but to pastime... pooker is my fav but it's too fast and i can't really make my money last... i treat the casino like an arcade... my money is just token... so far up/down 3-4k... that's my threshold... i'm the type who can't lose more than 5k else i feel sad n stupid... less than that ok i treat it as fun/game.
 
Actually investment in property can get you 50K easily.. provided you have the guts..

Making 200k to 300k over 2 to 3 years is not difficult at all. It depends on your appetite and risk profile. Or you can even make millions if you dare to.
 
Blackjack is fun.. yes, to pass time .. but not when you have a stupid aunty as the last player..

Can die man through stupid actions of the aunty.

I normally bring a fixed amount to casino.. could be 5K or 10K or more.. depends.. and once I lose them, I just walk out..
 
For me, I like investments and internet marketing. These are two activities that can generate passive income and increase wealth, if you are willing to put in enough time and effort, and invest in your knowledge. The latter doesn't require a lot of capital like traditional brick and mortar biz. I'd say, $50k per year is very possible, though must emphasize again, provided you've done your homework.

Disclaimer, I'm not rich, just happy and contented (probably that's why I am not a millionaire... not hungry enough). :P
 
may ong,

No.. I havent got time yet.. I am too busy these few months.. I got to seal a BIG contract these few months before I can relax for the next few years.
 
sm, tell me abt it... i rem many year back this aunty keep blaming me regardless of i take or dun take... every bloody time she lose money she blames me... actually i made money, she should keep her mouth shut. but i love being the last player...
 
In fact, blackjack can win $$$, if you apply your strategies right. In the past I only play baccarat, and only on banker bets only regardless what is the past results.

Now I have been following my frd who is a regular in genting to MBS. He only goes for an empty blackjack table and control all bets in the table. If someone else wana to join, he will back out and move to another empty table. I notice his average win is 10-20k while I won $3-4k placing behind his bets, sometimes he also register losses during downtime, but he will leave the casino and come back again. Just to let you know his bankroll is 30k while I only can bring 6k with me. So my max bet can only $100 per box, while he is betting btw $500 to $800 per box.

I have been regretting till now ever since I took up the 2k membership in RWS. Shld have wait till MBS open den decide to take up which membership. I have not been to RWS since may liao.

Bankroll management is one of the most important skill to a player, besides patience.

Most imptly, don't ever chase after losses. You will lose even more then you ever imagine.
 
irene, that's an avenue i'd like to learn, but i have to be honest - i am very stupid and bad at such things... so knowing myself, that path not really for me... maybe wifey have a better temperament for that... i'm all with SM, i would go for simple stuff like property... not complicated, just buy and sell or rent.
 
Business environment are still very challenging.

A lot of company are seeing growth.. but they are also cutting costs.. Many businesses are taking this "recession" as opportunity to re-structure their company.. Many not willing to commit to long term contracts.. except for certain industries..

It is not clear if we are having a double dip.. Singapore is an exception, our growth this year. But remember, it is a one-off.. the future is not clear yet..
 


does anyone here know anything about option or forex trading? i see a lot of those adverts in the newspapers everyday but i do not know what to make of them.
 
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