35 and flat broke!

[CH_CO]

yes... keyword is discipline. Don't spend anything u cannot afford. Period.

Once I took up a credit card promo. I almost fell off my chair when I received it..Looking at the credit limit. 8x or 10x my monthly..I could literally buy a car with it.

That card has been in my drawer till expiry :-)

I have been paying everything via a single debit card and never had a problem with my credit.

 

Personally I don't see a need for extended credit I spend what I have and those discounts for posh restaurants don't appeal to me , I am a hawker food person. Those credit card marketing gimmicks don't appeal to me. But for the single with no commitments these gimmicks are always appealing.

 

Just look at courts.

Edited March 19, 2014 by CH_CO

[CH_CO]

I can understand why they put the ladies age and financial situation

 

but why must they comment on their chest size?

 

Chest ? Or the fat infront of their chest?

[Jamesc]

Indeed, all of us are in no position to look down on anyone. We are all suffering, in one way or another. At the end of the day, let us see how we can help one another to understand more about our condition of suffering and its roots so that we can reduce the pain from it.

 

 

 

Thats easy! We all suffer because of unrealstic expectations. Either from outselves or from others.

 

Once we get rid of these unrealistic expectations and see things as they are, we can stop the suffering.

 

I have been studying suffering all my life and I have found the answer on how to stop it.

 

For good looking young women I can perform a flower bath and everyone else I write on a piece of

 

paper, burn it and mix it in some water. Once drank all suffering will be gone. $100 per session and

 

money back guarantee. If in 1 year you feel that your suffering has not gone away, I will personally

 

refund your $100. No questions ask.

 

[Hydrocarbon]

Now you mentioned that those in debt aren't children but those mentioned in the above aren't financially adept to handle debt , since young we have being "educated" that we shouldn't "eat" too much sweets but the current generation especially people in the latter stage of gen x aren't taught financial prudence as they grew up in the age where Singapore had the highest growth and they had not experienced any hardship thus the lack of education financially.

 

Those mentioned here is just the tip of the iceberg and are likely to be only extremes , there are plenty other examples where I see all the time , so saying we should learn to take responsibility is a cheap way of doing , when it is your turn appearing in my office , please remember those words you said .

 

I can easily quote examples here , I believe most of the people here are raking loans on their cars and homes but how many here can guarantee me that they are able to repay their loans should they experience mishap ? Ranging from accidents to illness , once they lose their jobs , how many can tell me they have enough to last themselves for the rest of their lives ? Unless the fellows here say they can do it , else they aren't any different from those mentioned in the articles , just only you have yet to reach that stage doesn't mean they have the right to call others stupid. It is just a matter of time.

 

It all boils down to oneself. I think it should be common sense that we shouldn't eat too much more (in calories) than we expend, shouldn't spend more than we make, etc.

 

Not boasting, but since you mentioned it, I don't spend more than I make (even though I haven't been taught any finances since young), so shouldn't be seeing you.

 

Loans for housing, I'd understand and sympathise, but not loans for cars or watches or discretionary spending (CC). The people featured in the article are not exactly using their credit for their needs, either that, or they cannot differentiate wants from needs.

 

Policies are governmental level, and yes, they do affect us all, but at the end, our own spending is our own discipline. Can't blame others for our lack of discipline or maturity. Like you mentioned in a previous post, you spend with a debit card, and don't have issues with credit. Should we then thank the government for their policy then? Can't be if something goes wrong, it's entirely their fault, and if something goes right, they don't get credit right? If you tell me your prudence is entire based on the government's doing, then I will be silent. So, government's policy or your own financial prudence?

[CH_CO]

 

Thats easy! We all suffer because of unrealstic expectations. Either from outselves or from others.

 

Once we get rid of these unrealistic expectations and see things as they are, we can stop the suffering.

 

I have been studying suffering all my life and I have found the answer on how to stop it.

 

For good looking young women I can perform a flower bath and everyone else I write on a piece of

 

paper, burn it and mix it in some water. Once drank all suffering will be gone. $100 per session and

 

money back guarantee. If in 1 year you feel that your suffering has not gone away, I will personally

 

refund your $100. No questions ask.

 

 

You need helpers?

[Jamesc]

I don't think spending is the real problem. I think the real problem is interest.

 

Its an evil concept. It makes the rich richer and the poor poorer.

 

We should do away with it. I hope my bank starts and see how it works.

 

They can use me as a test case.

 

You need helpers?

 

I am too busy writing on the paper and buring it.

 

Can you help me with the flower bath thing?

 

If yes then you are welcome to join.

 

[CH_CO]

 

It all boils down to oneself. I think it should be common sense that we shouldn't eat too much more (in calories) than we expend, shouldn't spend more than we make, etc.

 

Not boasting, but since you mentioned it, I don't spend more than I make (even though I haven't been taught any finances since young), so shouldn't be seeing you.

 

Loans for housing, I'd understand and sympathise, but not loans for cars or watches or discretionary spending (CC). The people featured in the article are not exactly using their credit for their needs, either that, or they cannot differentiate wants from needs.

 

Policies are governmental level, and yes, they do affect us all, but at the end, our own spending is our own discipline. Can't blame others for our lack of discipline or maturity. Like you mentioned in a previous post, you spend with a debit card, and don't have issues with credit. Should we then thank the government for their policy then? Can't be if something goes wrong, it's entirely their fault, and if something goes right, they don't get credit right? If you tell me your prudence is entire based on the government's doing, then I will be silent. So, government's policy or your own financial prudence?

Again I think I mentioned before many times , I grew up poorer than most Singaporeans , thus my financial prudence , I had experience poverty first hand since young and had my education early , if not for the garmen back then I doubt I would have been able to even finish my education let alone be financially free.

 

If my parent were given the loose credit as compared to now , I doubt we are able to lead the life we have now. So I strongly support a structural control of unsecured loans. Credit comes in two kinds, secured and unsecured , I am fine with secured loans as it provides liquidity necessary for businesses to work but I am less for the loose credit.

 

As for the rest of whatever you claim , I have mentioned before give a year supply of candy not all the kid will fall for it , same applies here , how many here can pay car and their homes in full. All the participants here?

[Jamesc]

 

It all boils down to oneself.

 

Thats exactly right. But we all have this victim's mentality.

 

We like to blame everyone else except ourselves.

 

But there is always hope.

 

My flower bath / buring paper drink will even solve this.

 

Only $100 with full money back guarantee.

 

20% discount for MCF members subject to the first 100 members.

 

30% for premium members.

 

Edited March 19, 2014 by Jamesc

[CH_CO]

I don't think spending is the real problem. I think the real problem is interest.

 

Its an evil concept. It makes the rich richer and the poor poorer.

 

We should do away with it. I hope my bank starts and see how it works.

 

They can use me as a test case.

 

 

 

I am too busy writing on the paper and buring it.

 

Can you help me with the flower bath thing?

 

If yes then you are welcome to join.

 

Ok , I will help with the pre selection as well

[Jamesc]

Ok , I will help with the pre selection as well

 

Haha. But I have to warn you, this flower bath thing is really a dirty job and you have to get your hands

 

dirty but its honest work and you will be helping a lot of people. Pay is so so but job satisfaction is

 

guaranteed if you don't mind hard work. So many young bodies to wash.

 

[CH_CO]

 

Haha. But I have to warn you, this flower bath thing is really a dirty job and you have to get your hands

 

dirty but its honest work and you will be helping a lot of people. Pay is so so but job satisfaction is

 

guaranteed if you don't mind hard work. So many young bodies to wash.

 

我很耐操

[Jamesc]

Ok , I will help with the pre selection as well

 

Good idea. Flat ones sent for the burning paper drink.

 

Dun waste time with the flower bath thingy. We have a business to run.

 

[CH_CO]

 

Good idea. Flat ones sent for the burning paper drink.

 

Dun waste time with the flower bath thingy. We have a business to run.

 

Knew you will see it my way.

[CH_CO]

And a car in Singapore is the best investment right?

 

 

 

Not just posh restaurants leh .. still got rebate or discount for groceries, paying bills, hotels, etc.

 

 

Not worth my time, still need to remember to pay bills. The discounts are negligible .

[Solar]

Again I think I mentioned before many times , I grew up poorer than most Singaporeans , thus my financial prudence , I had experience poverty first hand since young and had my education early , if not for the garmen back then I doubt I would have been able to even finish my education let alone be financially free.

 

If my parent were given the loose credit as compared to now , I doubt we are able to lead the life we have now. So I strongly support a structural control of unsecured loans. Credit comes in two kinds, secured and unsecured , I am fine with secured loans as it provides liquidity necessary for businesses to work but I am less for the loose credit.

 

As for the rest of whatever you claim , I have mentioned before give a year supply of candy not all the kid will fall for it , same applies here , how many here can pay car and their homes in full. All the participants here?

 

many times i had argument with my wife.. about buying things that our kids don't really need..

for example, the pencil can still write, eraser can still reasonably rub right? the exercise book still got blank pages, writable ya? she still went ahead to buy

but when i'm home, i'll confiscate and make them write with the old pencil and use the old eraser and scrap book

 

call me neow, i don't believe in spending unnecessarily, especially at the time children are learning and growing up.

U should cancel off the credit card or u will be charged for annual fee in 2nd/3rd year.

 

My parent also 8X for stanchart, scary

 

Cos all these are not as expensive as a house

 

ya.. for higher income earners, can easily put downpayment for house.

i'm also worried should i lose my wallet with the card in it, woohoo.. windfall for the guy that picked it up

[The_Bear]

If people hoard money like they do in games, then everyone will have lots of savings.

[Rosschang]

nothing new... and the COE is here to help...

[CH_CO]

I quote an example, I brought my nephew out just in last weekend, he haggled for a toy and I told him I didn't have money, showing him an empty wallet.

 

Next thing he did was he said nevermind I know where got money and brought me to the ATM and told me that money comes out from the wall machine, all you need is to stand there and poke a few times, for a kid, they have being taught that money comes from walls and not work , how do you expect them to grow up financially prudent?

Edited March 19, 2014 by CH_CO