managing your ka-ching

One more credit card added to my wallet.
It's amazing how i'm able to manage my finances well enough. Thanks to post it notes like "pay $244 by 21/3"

Some ppl think when you have many credit cards, you're just out to flaunt them. What they don't know is, the more credit cards the better (though i would limit myself to only 5), thats because you get various discounts from so many restaurants, retail shops blah blah. Besides, there's always annual fee waiver each time you apply them.

Hmm..but one impt point is, not to be a slave to your credit cards. The banks are legalised loan shark, they charge you a rocket high interest rate of 24%. Talk about day light robbery

The punchline? Cut your cloth according to your coat. Never spend more than what you can afford, otherwise, you'll be in deep shit.

Ooh, tmr i'm going down to Shenton Way. I think i wanna grab myself a sandwich at this quaint sandwich shop i saw the other day.

Independence at 23

Sometimes, i think it is a good thing when parents leave their own children to struggle on their own. That way, they learn things the hard way. They learn how to keep their heads above the water.

For me, it didn't come easy either. I wish i had the kind parents of who would give me allowance even when i was in university, or even let me bum ard and sleep all day throughtout my entire summer break

I envied ppl who could stay at home for 3 fucking months playing PS2 during their summer break, or even go clubbing every damn night.

I envied those stupid NS guys who get allowance from their parents despite saying that their pay is like "sai". $400 is not sai okay! Or those ppl who get to go overseas, spend, eat, enjoy, have fun, tour from state to state, fly back to singapore 2-3times a year, without having to worry a single thing about money.


Most of all, i wish my parents were richer enough to see me through university. (And i'm not even talking about going abroad, which i think i deserve to; only that they didn't have the money)

But all of that didn't happen.

I could sense reluctance each time i asked for pocket money. And ideally, as a child, you don't actually have to ask for money. Your parents would give you on a monthly basis, just to make sure you have enough to eat blah blah. Not for me.

I had to work for my own money, while studying at the same time. I couldn't afford a laptop, i couldn't afford to stay in hall, and i definitely couldn't afford to spend as much as what i am spending now. I had to give tuition, for $150, just enough to cover my expenses for the entire month. And if i'm disciplined enough, i even managed to save abit.
$150 a month? And you thought i was kidding. I kid you not. I'm glad i've managed to instill some sorta financial discipline in myself; that being the envy of many.

That being said, what i'm pretty mad is how my brothers are taking so much money from my parents. In secondary school, all i had was $4 (inclusive of recess and lunch), and my youngest brother is currently taking $6. To be honest, in secondary school, a bowl of noodles won't even cost you more than $2. I didn't see why he had to take so much. And the other brother was taking $10 a day. Seriously, WTF.

Now that i've started working, and given some thoughts about my career, I've decided i don't want to be a wage slave no more. I want to earn the money that commiserates with my hardwork. I want to be proud of myself. I don't want to earn a sum of money just enough to get by with life. I want it to be a luxurious life.

I can foresee myself slogging like mad, and at the end of the day, i can feel that i've achieved something, and am proud of myself.
At this point of time, my career comes first. Everything else is secondary.
You defintely would think likewise if you were in my shoes.

p/s: I still want my Mazda when i reach 25.

pps: and the bottomline is, i blooody need that bank job!

ppss (totally irrelevant): but sometimes i wish i didn't take ppl like bud for granted

Penny and Sense

If my pennystocks were to rise from $0.15 to $0.40 (according to insider, whom he pretty much gave his assurance), that means, i would've made a profit of 166.666667%.

That would be great!

p/s: i'm glad that chivlary is not dead, at least not in somewhere where i live, for i've just spoken to one chivalrous guy. Do we not think that men are chivalrous because they tend to be less expressive? Or is it the way they're being brought up? Their mom didn't teach them how to pull chair for girls or open car doors for them?

I must be more observant

I want a money tree

The Phantom of the Opera tickets cost me almost a whopping $300. But i think it's gonna be worth it.

SIGHH

This week, i've decided to buy a penny stock. (to cover my 300 bucks tickets)

I'm paying $0.15 this week. I could've gotten it for $0.11 last week
Bloody hell!
I'm crossing my fingers that by the end of march, it'll go up to at least $0.30

Thing about penny stock is, it's okay to invest abit, rather than have your money sit in the bank and collect a meagre interst of 0.25%.

I would consider penny stock as a high risk investment. Because when you buy them, and if price keeps dipping, it's hard to find a potential buyer because of it's low liquidity, then you'll end up losing more money. And one last impt thing about penny stock is that unlike blue chips, pennystocks have only a handful of shareholders because the company is not that established, they don't have a good track record or history, which makes it harder to pick stocks.

However, if you do get insiders news, then it's the best time to buy. Provided that your insider's news is a reliable one.

Bottom line: Make your money work for you. And not work for your money

I must go sleep now!