<![CDATA[Are you in debt?]]>Identify what is NEED (need healthy food to cure hunger, need medicine to make us well, need a good bed to sleep well, education)


and what is WANT (restaurant food, movie in cinema, LV bags, Rolex watch, luxury cars…the list could goes on)…

Then we won’t over spent till in debt.

]]>https://forum.kiasuparents.com/topic/65236/are-you-in-debtRSS for NodeWed, 13 May 2026 16:37:59 GMTWed, 02 Apr 2014 07:14:14 GMT60<![CDATA[Reply to Are you in debt? on Wed, 02 Apr 2014 07:07:58 GMT]]>

NigelTKM:

Why do businesses cover themselves with so many different policies, for their keyman and for their own employees like you and I? We are all businesses, our own lives, our investments, our families, ourselves. These are part of our very own business in life, but why is it that we just focus on investments? Didn't investment itself teach us to mitigate risks?
The world is designed to protect the rich. The richer you are the more incentive and protection you are getting directly or indirectly. Eg. Perks from different banks and businesses, the rich get to loan big amt of money for investment that will bring them even more $$$!
Everyone on this world need money to survive. Every single thing we need can only be exchanged with money. Even the health nowadays can be exchanged with money. Traditional method of earning money is to sell our time, that make most of us an employee with a pay cheque which is just sufficient to survive without dying.
Another alternative to make more is through investment. The simplest is stock market. It's easy to begin with and the start up \"capital\" is much lower compared with a small business. A healthy stock investment would be able to generate a decent 3-5% dividend... an amt better than bank interest definitely.

]]>https://forum.kiasuparents.com/post/1255071https://forum.kiasuparents.com/post/1255071Wed, 02 Apr 2014 07:07:58 GMT<![CDATA[Reply to Are you in debt? on Wed, 02 Apr 2014 03:13:05 GMT]]>I am very sure I am born to this world to paid my debt till death.


Now I am in debt to my 2 Girls/ My parents.

The Chinese saying:
上有老下有小，未老先忧 !

我先在是孩奴+父母奴！ :faint:

]]>https://forum.kiasuparents.com/post/1254799https://forum.kiasuparents.com/post/1254799Wed, 02 Apr 2014 03:13:05 GMT<![CDATA[Reply to Are you in debt? on Wed, 26 Mar 2014 14:22:56 GMT]]>Spend within your means and you won’t be in debt.

]]>https://forum.kiasuparents.com/post/1249221https://forum.kiasuparents.com/post/1249221Wed, 26 Mar 2014 14:22:56 GMT<![CDATA[Reply to Are you in debt? on Tue, 07 Jan 2014 18:11:07 GMT]]>

rogerin88:
take up part time job.....there are ways out

If you have a primary job, then taking up another part time job may not be a wise plan, as you are simply exchanging whatever little time you have left for money, since we only have 24 hours in a day.

Creating another source of income through a sound plan and good knowledge is a better option.

Increase your financial literacy, and it opens up more avenue of how and where the various vehicles and sources of income can be made.

Simply choose your money mountain and vehicle according to your profile and plan, to generate your different sources of income.

http://i39.tinypic.com/339txj5.png\">

]]>https://forum.kiasuparents.com/post/1184936https://forum.kiasuparents.com/post/1184936Tue, 07 Jan 2014 18:11:07 GMT<![CDATA[Reply to Are you in debt? on Tue, 07 Jan 2014 15:44:50 GMT]]>take up part time job…there are ways out

]]>https://forum.kiasuparents.com/post/1184887https://forum.kiasuparents.com/post/1184887Tue, 07 Jan 2014 15:44:50 GMT<![CDATA[Reply to Are you in debt? on Tue, 07 Jan 2014 12:40:03 GMT]]>Yea I agree, there are plenty of good and informative books out there. The bookstore is a piece of heaven on earth. Then comes the part of putting it into practice which might be challenging for many. Those 3 factors mentioned to manage debts are very relevant, earning, spending and investing.


Investing needs to come with several personal skills, the spirit to seek for self improvement (to read up, going for courses and listening to different perspectives) and discipline (to stick to your investment portfolio plans). Bundled with the knowledge and skills of investing itself.

There are alot of people in a rush to make more money by jumping into investments without proper knowledge and skills. And the market is a shark infested area waiting for that random surfer to enter the water in a rush because he sees a large and beautiful wave to ride on.

I believe most of us invest for the purpose of a better life for our families and us, i.e. to better manage our cash flow(decrease debt). But many people focus on the accumulation portion so much until when something bad happens, A huge chunk gets chopped off. Then they have to puncture their accumulated cash flow and transfer it out into the outflow bucket and falling back into debts. Protecting those returns generated is one important factor.

Why do businesses cover themselves with so many different policies, for their keyman and for their own employees like you and I? We are all businesses, our own lives, our investments, our families, ourselves. These are part of our very own business in life, but why is it that we just focus on investments? Didn’t investment itself teach us to mitigate risks?

]]>https://forum.kiasuparents.com/post/1184652https://forum.kiasuparents.com/post/1184652Tue, 07 Jan 2014 12:40:03 GMT<![CDATA[Reply to Are you in debt? on Tue, 31 Dec 2013 05:01:36 GMT]]>You can buy this book from bookstores or borrow from the library as a start.


What Your School Never Taught You About Money - Dennis Ng (a local self made millionaire).

He had since passed away due to a heart defect, that he was born with.

]]>https://forum.kiasuparents.com/post/1177947https://forum.kiasuparents.com/post/1177947Tue, 31 Dec 2013 05:01:36 GMT<![CDATA[Reply to Are you in debt? on Tue, 31 Dec 2013 01:11:57 GMT]]>

zbear:
Earn more? How to if you are not a Snr level manager n above?

Its precisely if non sr level then there is a chance to earn money thru OT pay, commission etc.
There are also simple surverys out there that allow you earn some points that can be exchanged for vouchers.

Spend less? How to when prices of everything go up so rapidly? N this refers to basic items.
Buy no frills. Buy what is necessary. Eat less meat and seafood, save money and good for health. Make own coffee / lunch / etc to bring to work and avoid eating out.

Invest? How to when the economy is so volatile n gains are so pathetic? U need to be a good financial guru to reap good investments n it takes a lot of time, efforts n guts.

]]>https://forum.kiasuparents.com/post/1177696https://forum.kiasuparents.com/post/1177696Tue, 31 Dec 2013 01:11:57 GMT<![CDATA[Reply to Are you in debt? on Mon, 30 Dec 2013 16:56:13 GMT]]>

zbear:
Earn more? How to if you are not a Snr level manager n above?


Spend less? How to when prices of everything go up so rapidly? N this refers to basic items.

Invest? How to when the economy is so volatile n gains are so pathetic? U need to be a good financial guru to reap good investments n it takes a lot of time, efforts n guts.
You don't have to be a financial guru to do the above.

But taking the first step to enhanced your financial education and literacy is an absolute necessity to know how to earn more (even if you are a production worker, not even an executive), and invest intelligently (don't have to be an A student or have degree, but learn, know and apply the fundamentals).

http://i41.tinypic.com/5plyth.jpg\">

]]>https://forum.kiasuparents.com/post/1177599https://forum.kiasuparents.com/post/1177599Mon, 30 Dec 2013 16:56:13 GMT<![CDATA[Reply to Are you in debt? on Mon, 30 Dec 2013 13:06:14 GMT]]>Earn more? How to if you are not a Snr level manager n above?


Spend less? How to when prices of everything go up so rapidly? N this refers to basic items.

Invest? How to when the economy is so volatile n gains are so pathetic? U need to be a good financial guru to reap good investments n it takes a lot of time, efforts n guts.

]]>https://forum.kiasuparents.com/post/1177375https://forum.kiasuparents.com/post/1177375Mon, 30 Dec 2013 13:06:14 GMT<![CDATA[Reply to Are you in debt? on Mon, 30 Dec 2013 06:05:41 GMT]]>Have a sound sensible plan, be it savings, spending or investing.

You will get out of debt in no time.

http://i43.tinypic.com/2a6mf7m.jpg\">

]]>https://forum.kiasuparents.com/post/1177042https://forum.kiasuparents.com/post/1177042Mon, 30 Dec 2013 06:05:41 GMT<![CDATA[Reply to Are you in debt? on Thu, 21 Nov 2013 07:14:00 GMT]]>anyway, i have posted a post for free english foundation class under the academic learning n enrichment forum. please feel free to go take a look.

]]>https://forum.kiasuparents.com/post/1150323https://forum.kiasuparents.com/post/1150323Thu, 21 Nov 2013 07:14:00 GMT