Category Archives: Personal Finance

Find out more ways on how to save money so you can enjoy your retirement.

How The Rich Spend Their Money And Why You Should Start Doing It Too

Is it true that the rich spends differently than poor people?

The answer is Yes.

Today, I’m gonna share with you how the rich people spend their money and why you should do it too.

Poor People

Lets start with how poor people spends their money.

For poor people, when they receive their paycheque, lets say at $10,000 for demonstration purpose, they’ll immediately use the money to pay off their monthly bills.


$5,000 into paying things which are necessary.

$4,000 into buying things they want.

$1,000 into savings (if lucky).

So whats wrong with this?

At the end of every month, poor people often ends with networth of about $1,000 if lucky.

This is what the line ‘Live paycheque to paycheque’ means.

Successful People

Successful people, on the other hand, when they receive their paycheque, spends differently.

Firstly, successful people have different philosophy when it comes to money management.


They’ll put aside 30% for monthly commitments such as mortgages, car loans, etc.

And the remaining 70%, they’ll put aside for investment. Some successful people are even rumored to be able to invest up to 90% of their earned income.

0% will be put aside on things they want such as luxury goods or eating in restaurants

Once the money invested bears profits, they’ll use 10% from the dividends to buy luxury goods and so on.

In this way, their total networth remains between $6,000 – 7,000 plus dividends.

Now imagine they repeat this spending habit for years to come – this is the secret to true wealth.

My Two Cent

It’s clear, successful people spend with a long term plan in mind.

They continue to add more money into investment to be able to grow their net worth and also able to live off dividends alone

They know earned income is not permanent, therefore, don’t rely on it completely. In case of economic downturn, they’ll always have cash to rely; such as their other sources of income and savings.

On the other hand, the poor relies completely on their earned income. If they lose their jobs, they have nothing else to rely on.

Let me know what you think about the article in comment section below. I’d really like to know what you think about it

Keep grinding and hustling. Don’t forget to execute!

8 Things Poor People Do That The Rich Don’t

To become rich, first, you need to stop doing things that make you poor.
In today’s article, I’d like to share with you the 10 things poor people do that the rich don’t. Let’s do this.

1. Poor People Focus On Saving

In truth, if you’re broke you need to make more, not save more. One of the things poor people do is stress over money.
On the other hand, rich people see it as a tool, a resource that can be used to get to where they need to be – which is to make more money.
Saved money does not grow, you need to put your money to work, don’t squirrel it away for when you’re too old to live your best life. Put into investment that gives good returns if you find the idea of running business is too challenging.

2. Poor People Get Paid Based On Time

It’s important to grasp that results are the real currency of the world, not effort. For some this is a shocking revelation.
It does not matter if you are the best at your specific job. If you are not contributing to the bigger picture you will be seen as just another number.
Don’t be afraid of making big moves, shock everyone and change the world.

3. Poor People Blame Others 

Don’t fall into the blame trap. Blaming external circumstances take away your power!
No matter the challenge, it is your responsibility to change it.
Rich people gain self confidence from knowing that their lives are in their own hands if they want better lives, they do better. Stop blaming, start acting.

4. Poor People Think They Have All The Answers

If you ask a poor person why they are poor they will give an answer or rather their belief, why they are poor giving mostly excuses. I may sound harsh, but if you listen, they never really talk about what they should have done, instead, they give reasons which they believe are valid.
One of the things poor people do is talking about other people rather than ideas. They’ll say they are not lucky or even go further to say rich people become who they are by lying and cheat. Poor people tend to be highly-opinionated about anything that is outside their realm of influence.
Rich people are continuously learning, continuously growing and stepping out over their own boundaries in the search for self development.
What’s worse than people than have an opinion on everything?
People that listen to them! It does not matter how perfectly you do things or how successful you become there will ALWAYS be haters.
Haters will drag you down to their level if you let them, that’s all they want, to feel equal.
Put the blinkers on, don’t look back, you’re not going that way.

5. The Rich use their time effectively

Poor people spend a lot of their time doing activities that do not bring any value. Browsing facebook, watching television etc.
While watching celebrity gossip might be interesting, it does not bring any value or benefit to you. It does however benefit the rich celebrity who instead of watching TV is on TV.
They are creating more content (gossip) while the poor are consuming it.
Of course not all media is bad, there are educational books, TV shows etc. And sometimes you need to simply disconnect from the World. That is fine.
However, if you are spending a lot of your time consuming mindless content, it could be a sign of something going on in your life that you do not like.
The rich and the succesful work on their growth, their mission and their problems first. Only then do they possibly consume some entertainment.

6. Poor people try to look rich

How often have you seen people trying to impress others with the things they own, the new car, the latest phone.
They are trying to look rich to impress those around them, even those that do not know them. These things are meant to show how succesful they are. How rich they are!
In fact, Poor people spend more on trying to look rich instead of working on actually getting rich. And, all of that stuff that they spend money on is holding them back.
These things that they are buying do not bring any real value. These things become a burden, you have to keep working to afford these luxuries.
How often do you see these type of guys ended up selling their expensive cars or homes? You know the answer to that.

7. Poor people don’t look at the bigger picture

While it is a good thing to be present – focusing on future goals is just as important. Truth is, poor people often lack to look into the bigger picture – or the future.
Focusing the smaller picture, or to focus in short term goal, it lacks direction which is an element to failure.

8. Poor people do what everyone else is doing

Lastly, this may sound arrogant, but in reality, if you do what everyone else is doing, you’re mostly gonna end up like EVERYONE ELSE – broke and average.
If you wish to become rich, you gotta do what the 1% does – which is to take road less traveled.


That’s it guys for today. Let me know what you think about the article and tell me if you think I’ve missed something.
Thank you for stopping by and see you again soon.
Happy weekend! And don’t forget to Execute.

7 Things The Rich Do That The Poor Don’t – Why You Are Still Broke

You put in the effort. You tried saving money but then, you often find yourself with little money at end of each month. You wonder where did it all go wrong.

Today, I’m gonna tell you the 7 Main things the rich do that the poor don’t.

1. The rich focus on net worth, not working income

Poor people often talk in terms of hourly pay, whereas wealthy people know that an hourly income is not nearly as important as someone’s net worth.

One can earn quite a lot of money per hour, but if they don’t learn to keep any of it, they will still be broke in the end.

The rich person knows that a large net worth will net many opportunities and will create more wealth in the future.

2. Create multiple income flows

The more money you have, the easier it is to make more money.

And the easiest and fastest way to make more money is to have multiple income streams – a no-brainer.

That way you always have money coming in and can use the excess income to invest in new income flows. This, in a nutshell, is the primary way the wealthy stay wealthy.

There are two basic forms of income: active income, in which you work for the money you make, and passive income, in which payment isn’t directly tied to the number of hours you work.

Passive income includes rental property, dividend stocks, index funds, writing a book or creating an app, all of which will bring in a steady flow of income from sales or royalties.

3. Invest

Rich people make their money work for them. They know that investing is the key to growing their finances.

While saving money for a rainy day is important, your investments are going to do the heavy lifting to help you become wealthy.

While it’s good to put your money in savings, you need to put most of your money into work i.e. investments.

If you are new to investing, I’d recommend start putting your money into low risk investment. Start small, get a feel to it. It goes without saying you need to do your homework before taking the plunge.

4. The Wealthy Keep a To-Do List – They Stay Organized

Being organized by keeping a to-do list is one of the habits of the wealthy that may seem too simple to be true.

In reality, by staying organized, it helps you to remain focused on important things that will help you to reach your target. In a nutshell, keep your to-do list lean and simple.

Years back, Warren Buffett suggested his pilot to list down top 25 things he wants to achieve in life. Then, he told the pilot to only circle top 5 and focus on it.

Also, keep in mind there’s a research shows that 81% of the wealthy keep a to-do list, while only 19% of the poor will.

5. The Wealthy NEVER Stop Educating Themselves

How often do you hear that the best investment is to invest in yourself?

That’s because the wealthy READ! They will read materials related to their career or education to better themselves.

There are a number of successful people share how reading everyday keeps them on their toes. They continue to learn every day even after achieving success.

In this modern age, knowledge grows and distributed very quickly – globally. To continuously educate yourself is the only way to remain relevant in your industry.

6. The rich associate with positive, successful people

Rich people know that attitude is everything. If they continuously hang out with people that complain about the weather, bad-mouth the government, and speak negatively about the state of the economy, then they will likely start doing the same thing!

If, however, these same people start hanging around individuals that continuously talk about success, opportunity, and the positive things in life, chances are that they will see the world from an entirely different perspective!

Take for example the immigrants that come into the States. They are more likely to end up becoming millionaires compared to those born and bred in USA.


US citizens often complain over the little of things, while immigrants see the nation as the land of opportunities. In a nutshell, it comes down to the “glass half-filled or half-empty” argument.


Why make a mistake if you don’t have to?

Unlike the poor, rich people tend to see things in the long run. Hence, they plan and budget relentlessly. By having a plan, the rich has a clearer picture of their financial status. This leads them able to spend, save and invest wisely. The opposite can be said for poor people.

On top of that, the rich often educate themselves as much to reduce the risks involve in decision making,

When the rich makes mistakes they learn from them. By networking with other successful rich people they can also learn from mistakes that their peers make too.

In fact, these people are also perfect business partners since they have seen and done it all – so to speak.

My Two Cent

I do know this article sounds like bashing the poor. I’m not.

I’m just sharing with you how exactly it is not to be poor, and as you can see – it’s not ‘rocket science’ as claimed by many ‘business gurus’ out there.

If you read my articles enough, you’ll soon realize that becoming wealthy comes mainly down to two things; you gotta work hard (there’s no shortcut) and to sacrifice your wants for long term success.

7 Tricks To Help You Become Financially Secure in College.

7 tips to save money in college

“Many will want what you have, but few will do what you do.” – David W. Robbins, Rich Little Piggy

Becoming financially secure takes more than just earning higher income. It is about doing things which not many are willing to do. It’s about making sacrifices to ensure long term stability. Mark Cuban hasn’t been blessed with a ‘silver spoon’ but worked his way up from selling garbage bags at age of 12, to bar-tending and to having  net worth of $3.4 billion (2017) . He didn’t follow through the usual norm of a teenage life – instead, he hustled.

As soon I entered college, I was shocked to find out how much it costs to pay just for tuition fees. It was expensive (even till this day) and I knew I had to make adjustments to my life ethics and lifestyle. Here are 7 tricks that helped me to build the foundation to a financially secure future by college days:

  • Start taking odd jobs
  • Start saving from allowances and job
  • Invest in low risk investment such as ASB
  • Share rent with friends
  • Eat home cooked meal
  • Sign up to programs which gives discount to students e.g. Public Transport Services
  • Tutoring

Continue reading 7 Tricks To Help You Become Financially Secure in College.

4 Methods to Increase Your Income Revenue

“Money is plentiful for those who understand the simple laws which govern its acquisition.” – George Clayson.

George is very spot on. Money is verily available to those who understand the fundamentals of making money. Since this is my second article for my new Finance section, I thought what better way to write on how to increase your income revenue:

  • Move Your Money To Fixed Deposit
  • Keep Your Money in Savers Account e.g. M2U Savers
  • Cut Down Monthly Expenses. Start with car mortgage.
  • Invest

Continue reading 4 Methods to Increase Your Income Revenue

10 Easy Ways to Save Money (And Make Some Too)

“Many folks think they aren’t good at earning money, when what they don’t know is how to use it.” —Frank A. Clark

I’m quite shocked to find out from some friends who keep telling me that it is near to impossible to save money aside these days. When I ask them exactly what they did do to save, the answer I keep hearing is they’d only keep a portion of income into bank and that’s it. After hearing some of my explanation, the guys were quite surprised at the amount of things they missed out in order to become financially stable. Nevertheless, it’s never too late to start saving money. Better now than never. So here’s my take on the 10 easiest ways anyone can do to save money:

Continue reading 10 Easy Ways to Save Money (And Make Some Too)