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Adriel Thin

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Adriel Thin

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Adriel Thin

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Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Updated on 07 Jun 2019
Read up first before investing. If you want something that's low on risk, buy Singapore Savings Bonds (SSB). If you are looking at stock investing, then definitely read up first. Some good websites include Budget Babe, Dollars and Sense and The Fifth Person. May also wanna check on the defensive portion of your portfolio such as insurance.

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Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 09 Apr 2019
Singapore Airlines

Lifestyle

Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 21 Dec 2018
14

Career

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Credit Card

Lifestyle

Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 19 Dec 2018
Finance resolutions for 2019: 1) Increase passive income flow to 10% annual income 2) Finish reading 10 books on personal finance 3) Increase charitable giving

Education

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Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 17 Dec 2018
I think it's a perfect opportunity for him to learn entrepreneurship. Instead of discouraging him, perhaps help him understand the economics of it. If he thinks he is running a business, perhaps help him calculate how much he is earning per hour of gaming instead of the absolute value. If the amount of money he is making per hour is low, you could persuade him to reconsider spending so much time on the games as it could be giving very low returns. Alternatively, perhaps help him think of ways in which he can expand his 'business', such as through derivatives like making money from walkthroughs or streams (Robert Kiyosaki). Other lessons could include the cost of running a business, such as making him buy the hardware using his own money and paying for some portion of the electricity bill as part of "overhead costs". Some of these lessons could be very valuable and something not taught in schools. As for other children spending their parents' money, it is something that's out of yours and your son's control. Even if your son does not sell his products, those children will be spending the money elsewhere. Having said that, if your son is spending more and more time on games and neglecting other areas of his life such as studies and social life, then a good talk to grant him some perspective would be useful. Ultimately, I think this is a valuable opportunity for your son to learn some lessons about entrepreneurship, specifically about opportunity costs and return on investment of time.

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Personal Finance 101 (LLI)

Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 09 Dec 2018
Creating and managing budgets

Lifestyle

Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 30 Oct 2018
Unnecessarily spending more to hit credit card minimum spend to get cashback

General

Investments

Expenses Tracking

Adriel Thin
Adriel Thin

()

Level 3. Wonderkid
Answered on 21 Oct 2018
Myself personally, I'm currently tracking every expense on an excel sheet to determine the health of my finances. Of all the methods I've tried, I've found that using the money jar system by T. Harv Eker has worked the best for me so far. While some may say that tracking exact numbers may be impractical due to the work required, I find it useful to know my spending habits, so I am able to trim any unnecsary expenditure if required. Also, I believe that if one learns to successfully manage his money, then half the financial freedom battle is won!
Level 3. Wonderkid
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