Survivorship bias is based on stats. When you put yourself in for a chance, survivorship bias will come in play. Just need to be aware that the odds are against you as ppl who fail never turn up on radio and books but in the cemetery.

If you were born poor, it's not your fault. If you die poor, it's your fault. Not I say one hor. 🙊 Especially in Singapore. Ok. This one I say one 😎

No easy life in SG. Food getting expensive, property also expensive, today end Dec bus fare up again … confirm work till I die

Basically buy low and hold, or buy low sell high. It’s that simple but you’ll be surprised how majority of “investors” don’t do it. They prefer complex instruments, all kinds of guru theories, high risk taking, so to look smart and clever, even if it means losing money most of the time.

No active income difficult to survive in Singapore.

Yes, Many Singaporeans Are Forced To Work Until They Die. 😭

i think this video is a must watch for all young people

Retirement is not about money. Do you all know the meaning of life? Have you plan what you’re going to spend your time on retirement? At age 50 or 60 you still have 30 to 40 years ahead of you?

Why the Chinese culture have a mentality that they have to give allowance to their parents. Your parents should be self😊 sufficient and don’t need you money

thanks for this ep, very insightful sharing from Eric, learnt a lot from you broo!!!

thoughts on PLTR entering s&p500?

Tell me in which country you don't have to work and $$ drops from the sky :)

Why nobody react to Kelvin's "SPRAY AND PRAY" LOL

Buying on market crash is opportunist. Nothing great everyone knows. Important is which stock to buy during market crashes! Buying and selling is gambling not investment. A good investor is able to score countless muti-baggers and perpetuate dividend raisers.

Can someone please talk about Toastbox recent price increase for basic set A from $6.20 to $7.40 . 2 eggs cost $3.10 . wow ...

So good that most of you not Singaporean. Still got other place to zao to

I honestly dont think life in Singapore is that tough for most of us. We are not a third world country where we STRUGGLE to get clean water, a stable supply of electricity, compulsory education, and assurance of job after graduation. Most of us have university education, a decent job and can afford a roof over our head no matter how small the house is. Just live within our own means. Its that simple, isn't it? I am the only breadwinner. My wife does part time from time to time but whatever she earns belongs to her and it doesnt contribute towards the household. Hence i made the decision to get a 3 room bto in non mature estate (280k) to ensure that we live within our means and its just nice for our family of three. We didn't expect to have another child, so right now i have to convert the living room to a bedroom for my second child. But still, in my heart, i feel grounded and secure that finances wouldn't be an issue long term as i dont have to spend my life paying the property. End of day, we can afford to eat outside at hawker centre and food court anytime and sometimes restaurants without worrying much about our budgets. We can travel pretty modestly overseas. We can take a grab whenever we need to since i don't own a car. And we can afford to let my kids go for extra activities and experience without worrying that it will burn a hole in my pocket.

Aim of holding a wedding ceremony is not to show off how rich you're or show off how pretty your wife. The aim is to share your joy of getting married (one of the big life milestones in your life). Going to a wedding ceremony is you are happy that the bride/groom are married and happy to witness that.

That's how the Ponzi Global Debt Monetary and Banking System, controlled by one family The Rothchilds, adopted during the 1980s by MAS, is designed to quietly hidden enslaved the people, working till death to service their debts. The next Goal Agenda 2030 - You Own Nothing, You Will Be Happy is Total Digital Control and Slavery. We are merely subjects under the Maritime laws, to those self declared Kings and Emperors, that 1% Deep State Cabal. Their Eastern counterparts are especially the Lee and Li, who are Grand Masters of Deception.

Work. Make Singapore rich. make S REITs Huat. Make v bloggers sound smart while the rest slog.

A right partner is 50% of chances to be successful in life.

Good advice from Kelvin, keep trying until you succeed. That's what i tell myself when i buy Toto, keep buying until i hit the jackpot🤣

There’s a lot assumptions and downplaying of the UNPREDICTABILITY of life here. Firstly, as a Father of three kids. One needs to ACKNOWLEDGE the facts that bringing A CHILD into this world, much less Singapore, is a HUGH FINANCIAL RISK on the part of the parents. Firstly, a Child LOOKING physically healthy and well when they were born DOESN’T MEAN that they won’t be diagnosed with disorders like Autism when they are unable to hit their first few milestones. Unfortunately, Medical Screenings can only go so far in these day and age. Once that happens, ALL BETS ARE OFF when it comes to any dreams of “financial freedom”… Secondly, I would like to add that milk power of the same brands like Similac for example have DIFFERENT nutritional values between those in Malaysia and in Singapore. So the price difference is not entirely based on the exchange rates. Thirdly, contrary to popular beliefs. The Work culture in Singapore is BRUTAL towards caregivers like parents with young newborns/children or the Sandwich generation. The leaves which the government announced before this year was GROSSLY INSUFFICIENT for WORKING parents to take time off to tend to family needs. What that translates to is A BIG IMPACT on their careers and opportunities. I had a friend whose wife had just gave birth in the past year. His management from ST Engineering Defence Aviation Services gave him a so called “POOR PERFORMANCE” grading for his appraisal, with ZERO bonus and a PIP which follows. The reason? He was taking “too many” of his OFFICIAL unpaid infant care or paternity leaves and it “affected operations”. When told by the Union that they are not allowed to penalised employees on their official statutory benefits. GUESS WHAT?! The management simply CHANGED reasons to other minor factors like lateness or audit compliance. 🤦🏼 So in summary, Once your average Singaporean couple decides to have their first child. Don’t even think of Financial freedoms. That will be the LEAST OF YOUR WORRIES…

why cant Kelvin just clean up his room/background or at least try to look presentable himself? he looks like a coffeeshop uncle that just woke up

Should get AK71 on yr channel

Wah CK is a white horse ah? So lucky kena driver vocation?

Wait a minute, just some videos back you guys revealed your salary. And now you are saying you guys SAVED 100k from those salary? The math ain't mathing...

What logic is Kelvin on? Go ahead and be prime minister or president of USA, all you have to do is try hard enough and try many times right? I'll personally give you 1 trillion dollars if you become the president of USA. Please go ahead and try.

Children expensive.

Really like this topic. First and foremost, how do u identify poverty? This one is subjective... ppl earning 10k per month compare to someone earning 2k per month doesnt mean anything... U need to know ppl earning 2k can be very happy and to me... the money is good enuff to lead a good life... Good life refer to life they enjoy...This very much depends on life style and your mindset... @kelvin, I know u are living a frugal life... I hope u dun regret it in future.... Rem money are just paper... they only have value when u spend it.... 财产不用，以后就变遗产。I think CK mindset. Nth wrong with spending money on item or hobbies they like bcos it make them happy... Just rem spend within your budget... End of day, everyone will grow old and die... dun wait till 70 80 then u still trying to find happines....

I think young people fear the unknown, fear of responsibility, that's why don't want to have kids. Perhaps we need more people that have "gone thru the journey" to share their experiences, then they can make a better informed decision. I used to think having kids will cost a bomb, but actually how much it cost largely depends on the parents. I think CNA have done a few series where people in poverty in Singapore are also having 3-4 kids.

Why own a car before having a kid, then questioned by wife that your salary is not enough. Isn't this lifestyle choice in the first place? You can choose to take public transport, then the car money will be saved and can relax and feed your kid comfortably with 4k+ salary isn't it?

Only need 500k if my kid is ivy league material.

One day, Singaporeans are going to leave Singapore en masse for cheaper places elsewhere. Do not ask me how come I know.

Nothing is free in life. There is a price tag for everything. It is your choice what u value more.

Thanks for the "casual" talk on working/ starting business etc. Helps to put in perspective about careers , finances, and the catalyst for live changing habits!

I think it's the same as most places. The location you picked for your home determines the cost. Pick a super inconvenient location, old HDB, etc. There are choices and trade offs.

I been worked in singapore, and their spendings habit is absurd. Want popular stuff, want go trip to other country 1 -2 times per year, want eat nice food everyday and weeks, subscriptions on whatever apps and clubs, and still expect want to retire with a lot of money. Control your spendings before complaining. I do respect some singaporeans who save, but most i seen are just spend a lot while complaning, you all want many things, and think those stuff are "normal" standards. Those are not normal at all, those are luxuries, look at how real normal people live, malaysia , other country what so ever. You can save more if you are not paying for housing. And i see more youngsters are living with their parents instead of paying for houses, and your inflation rate is much lower compare to malaysia in terms of salary to product ratio. All you know is complain only

Does networth include all the cpf accts?

Very good contribution from Eric and Kelvin on motivations behind and the challenges of Entrepreneurship. Please mention more on this topic with regard to your other business owner friends.

As long one stays healthy, is still OK. But once kena long term health issue, suck not only into saving, but even asset

I like the topics of this channel. I started following CK first bcos he's the few good SG channel for financial analysis that I can learn from. It's rare. On this topic of work, I wonder if it is possible to turn work into passion? It's not easy but it can be as simple as a change of perpective. I feel that at this day and age, retirement is becoming less relevant. When people retire, they need to hv some plan to occupy their day. If not, it will lead to many socio psycho problems, or they die early, literally. I believe we need to live well regardless of age, and I don't think living well necessarily means money, wealth, luxury. Fun is not same for everyone. I like to travel, see the world, escape into another world every now and then. Even when my job is really busy, I would set aside time for 1 big trip and 2-3 small ones in a year, to recalibrate and restore sanity. My biggest expenses is on my immediate family - parents, siblings, kids, nephews/nieces, aunts. I was able to splurge on some luxury, but it din take long for me to get tired of its superficiality. Afterall it's impt to BE rich than LOOK rich. Before grad fr uni, I preempt that I couldn't get a job. I was v blur, but I know that I dont want to just take any job, or the first offer I get. I turned down offer fr the company I interned at, without any other offer. My folks won't pay a freeloader at home. My thot process is (still) like that: I told myself to do the hardest job when I am young while I am still able; to work damn hard. And then try to be good at what I do, do until I am good at it, perfect it. So, I didn't focus on money, I focus on learning well, until money chase me. Learning can including learning to sell or influence too, not simply technical. I do technical work, it has worked well for me to a large extent. I am a workaholic but I don't complain abt work or long hrs bcos I have devoted so much time to do well, I actually become good at it, and it fueled my "passion", and it doesn't feel like work, tho still physically tired. Sometimes it even feels like people are paying me more and more to learn. Then I count my blessings. I am truly lucky. I made some suicidal career moves like sabbhaticals, a few months to 2-3 years to do whatever. At first, I planned to do nothing, it was hopelessly exasperating, absolutely no fun. I think I was experiencing prematurely how it would be like to "retire" the conventional way, when u suddenly went from somebody to nobody, and nobody cares. I am thankful that I was able to bounce back, I only took paycut 2 times, the biggest when I started my company, I had 0 salary cos it's not profitable. Seeing the world was not at first what I like. Somehow I was willing to take some sacrifice, take break, and checkout other things, turned out to be travelling. It's silly to wait till I am old, look old, can't walk then travel. I don't think I can still carry my backpack, trek, on mountains, or pub crawl at 65. These days maybe more seniors can achieve this, but back when I just started work, I don't think I can, and I still dont think I want to wait till I retire to see the world. However, strangely I believe in delayed gratification. I am selective with my spending, and I can save quite a bit. My goal isn't really to earn a lot of money, I aspire to build a richer soul. So I try my best in everything I do, and I try to be more to experiment things. Just having such a goal, makes for a freaking bz life. I do cut myself some slack, and in fact I try to be more productive and efficient, so I can hv more time to do nothing or do something I like. In the end, most things I do.. they will end up to be what I like. I fail a lot at many things but then I think I do not know if I am a flop until my last breath. Before that, everyone can write me off, I can't and won't. I think this is true for everyone. But we can learn many things in every situation, esp fr failures. Hv a nice day!!

to eric: siamtu mainly refers to thai disco outlets where u pay the gals for drinking with you and buy expensive flowers to give to the singers

Just get your kids to love reading! Library books and resources are great!

CK's way of asking questions will offend ppl quite easily... Just one of many e.g.: Ask Boon Tee whether there are "stark differences" between colleagues who have international exposure vs those that dont... Of course Boon Tee can't say 'yes' unless he wants to offend the whole world right aiyooo... Later also asked Eric about 'politics' in MOE - how you expect him to answer the question framed this way about a former employer, esp in government? This kind of social awareness and knowing how to frame questions appropriately are essential. On a side note really appreciate Eric's views as a former "insider" in the education ministry - never expected that teachers (admittedly contract staff in his case) would be 'laid off'... Would have loved to hear about his wife's experience more as a perm staff too (e.g. what is the 're-deployment' process like and whether teachers would be 'indirectly' laid off if they cant find another school/JC).

成家立业

I think every generation has its struggles. I am 52 this year and retired at 45. Lest you say I am born with silver spoon, I was born to a family of 8 with illiterate parents. I remember selling kuehs at 8 years old every morning starting at 4am Monday to Sunday with my mum before I went to school. Since young, I learned the value of hard work and that instead of KPKB about high prices etc... you just have to grin and bear the hard knocks that life throws at you. I managed to graduate near the top of my class and worked overseas for a long period of time. Grit and perseverance will see you through life. In life, you can always complain every day about how life is unfair and how hard life is. Or you can just get on with living life and doing the best you can for yourself and your family. I am happily married with now a 21yo boy. He will never know my struggles cos' he lived a sheltered life and take SQ business class when we go on vacation. I don't blame him and hope that he will never have to endure hardship as much as I did and I hope he will outshine me in every aspects of life. Having a kid is a personal decision. Remember, if you were not good to your parents, what makes you think your kid will be good to you? Karma is a bitch. Have them or not, its your responsibility once they are born. Just my 2 cents.

Like this kind of podcast and KZbinr that make sinkies think, blue pill or red pill. Like in the matrix system. Or animal farm

not really all worked till last breathe, some i know have retired when their kids got married

From the wedding debate, it is pretty still practical for "Ang Bao" money. In this generation was well protected by well-off parent.