What are your personal finance resolutions for 2019? - Seedly
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Daniel Lee

Asked on 19 Dec 2018

What are your personal finance resolutions for 2019?

Tell us what are your personal finance resolutions for 2019? And if you'd like, share a little about your personal resolutions as well.

For me, my pf resolutions would be to get my finances in order, starting with using the Seedly Money Framework. And personally, to get healthier by cutting down on some bad habits, as well as.. maybe.. exercising.

Let's hear yours!

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    My Personal Financial Resolutions for 2019:

    • Grow my total Investment portfolio value to around $30k

    • Buy 2 x REITs in two seperate industries

    • Continually contribute my RSP every month

    • Ensure our Joint Account with my other half continues to grow well (and put at a better Yield location rather than the 1% p.a now) Saw a 2.02% savings account model type (even better than SSB)

    Total Returns = Capital Gains (growth stock) + Dividend Yield (REITs)

    Other side resolutions:

    • Grow the Seedly community here while our team also grows! And become Singapore's largest personal finance community centered on the mission to make smarter decisions!

    • Donate some % of my income to charity I believe in (right now it's the Brain Tumour Society Singapore)

    • Lose 10kg and win the weight loss challenge at work - Total pot is worth $1k LOL

    • Try the Keto diet lol.

    I will be documenting my investment journey here on my Seedly profile, so do join me here: https://seedly.sg/profile/kenneth-lou

    Here is the reference from previous years general template:

    ​​​

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    Adam Yam

    Adam Yam

    17 Jan 2019

    Hi Kenneth, do you expect all of your portfolio to derive 6-7% dividend yield? Or is there some growth stock vs dividend stock element to this?
    Kenneth Lou

    Kenneth Lou

    17 Jan 2019

    Hey Adam! Yup annualised return, so both growth and dividend yield combined. Now my dividends are close to 4.5 to 5% so it's decent... need to look for better yielding stocks with incremental growth elements.
    Thank You!
    Can you clarify
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    My personal finance resolutions for 2019:

    1. Learn to self pick REITS and low cash high potential equity via direct investment as first steps to build passive income stream.

    2. Sign up more classes to upskill / upgrade for better jobs / more income.

    3. Find alternative income stream to save more for better cash flow to invest to reach goal #1 faster.

    4. eXcercise and food control to lose 10kg! :P

    What's yours ? Any suggestions to reach all the above in plan ? :)

    Since we "Never plan to fail but fail to plan!" - Let's work towards our goals by first start planning !!!

    Cheers! Merry Christmas and Happy 2019!

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    Pascal S

    Pascal S

    23 Dec 2018

    I'm also watching my weight and body fat for 2019! #weightcontrol
    HC Tang

    HC Tang

    23 Dec 2018

    @Pascal Samsoon High 5! 😄
    Thank You!
    Can you clarify
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    Yew Khim

    Yew Khim

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    i wish i can make more money whilst sleeping. i meant i hope to earn more passive - not selling my body. haha.

    2

    Leong Wen Fong

    Leong Wen Fong

    19 Dec 2018

    I'm glad you clarified
    Kenneth Lou

    Kenneth Lou

    19 Dec 2018

    Hahaha good one Yew Khim
    Thank You!
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    Ho Jia Xuan

    Ho Jia Xuan

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    In 2019, I want to

    • Make money doing what I love

    • Give money by donating

    • Read up some financial books

    • Track my budget for expenses

    • Plan for future tradings, fixed deposits to earn some profits

    2

    Leong Wen Fong

    Leong Wen Fong

    19 Dec 2018

    What do you love doing?
    Loh Tat Tian

    Loh Tat Tian

    01 Jan 2019

    Interesting. Trading :)
    Thank You!
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    I want to go premier banking so can drink free wine

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    Leong Wen Fong

    Leong Wen Fong

    19 Dec 2018

    Invite me also pls
    HC Tang

    HC Tang

    19 Dec 2018

    Ask Kenichi to bring u! :) hhaa
    Thank You!
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    Financial/Personal Resolutions for 2019:

    1. Invest in Blue Chip Stocks by monitoring market movement. Not sure if the next economic crisis is coming. Given that 1997 Asian Financial Crisis and 2008 Great Recession were roughly 10 years apart, I wonder if it's coming soon! Need to research more on this.

    2. Make $100,000 for the year 2019 through acquiring more clients in my Digital Marketing Agency

    3. Provide more free financial advice on Seedly platform whenever I have the time.

    4. Work out at the gym and get that sick body to impress the wife. Teehee.

    Cheers.

    Enjoy your Christmas and Happy New Year

    2

    HC Tang

    HC Tang

    19 Dec 2018

    #4 is hahahahaha
    Jim Ng

    Jim Ng

    19 Dec 2018

    It is important leh! HAHAHA
    Thank You!
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    Gloria Neo

    Gloria Neo

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    I have only just started my investment journey this year, after attending my first SGX talk just months ago. So going forward into 2019, I am hoping to be a little more daring when making my first investments. I am also excited to attend more investment talks and learn more from the insightful articles on seedly XD

    1

    Kenneth Lou

    Kenneth Lou

    19 Dec 2018

    Solid!! haha That's really good :) Keep going and learning along the way.
    Thank You!
    Can you clarify
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    Victoria Er

    Victoria Er

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    Save and invest 50% of my take home salary!

    1

    Kenneth Lou

    Kenneth Lou

    19 Dec 2018

    This is a good one! very achievable also :) go go go! Especially if you are only starting out now :)
    Thank You!
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    Aaron Lim

    Aaron Lim

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    Firstly My 2019 personal finance resolution would be that to get a better paying job, able to save more than what i saved this year and lastly is to invest my money somewhere to make it grow!

    Secondly is to travel to taiwan and japan as i'm dying to go there on top of that lose some weight!

    Lastly is to learn more about finance management and help people around me to have the habit of savings!

    1

    Pascal S

    Pascal S

    23 Dec 2018

    #weightcontrol you are the second guy who commented looking to lose some weight. Haha. Should form a group for that. Lol
    Thank You!
    Can you clarify
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    My 2019 financial resolutions are:

    1) To commit to no spend days

    2) To cut away subcriptions from Netflix and Spotify

    3) Maintain or increase my savings

    4) Broaden my source of wealth

    😊💪🏻🤑

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    Daniel Lee

    Daniel Lee

    19 Dec 2018

    Alternatively, you could look at getting the family plan for both and then share the costs with a couple of friends! It'll cost you cheaper per month for the subscription. That way, you don't have to kill the subscriptions!
    Tanyingfang Janice

    Tanyingfang Janice

    19 Dec 2018

    Heh oki! Thanks for the suggestions :)
    Thank You!
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    Sheryl Koh

    Sheryl Koh

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    Gotten some inspiration online & my specially picked ones are :

    1. Taking the challenge to have some “No Spend Days” in the month! Something new

    2. Tracking my budget more consistently

    3. Cutting bad habits to reduce overall expenses (e.g eating at restaurants less often, avoiding temptation to have desserts all the time after a full meal)

    1

    Kenneth Lou

    Kenneth Lou

    19 Dec 2018

    “No Spend Days” are intense! Maybe we should also try that hahaha. For your budget part, we hope we can be part of you in that journey :)
    Thank You!
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    ChiChing Wan

    ChiChing Wan

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    My 2019 Personal Finance Resolution is to 1. find a better job with better work life balance and prefarably higher pay, and 2. save as much as i can for BTO

    1

    Loh Tat Tian

    Loh Tat Tian

    01 Jan 2019

    My view personally is, if you can beat the 2.6% of HDB loan, it's good to drag out the loan. There are some strategies which some community members have shared. They max out basic healthcare Sum and CPF SA for interest to overflow to CPF OA. This works if you are a decently high income earner.
    Thank You!
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    Priscilla Long

    Priscilla Long

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    For my pf resolution, I aim to further challenge myself to learn more on investment by doing more reading and attending courses next year! Seedly had been my go-to place for reading as a beginner. ◡̈

    1

    Kenneth Lou

    Kenneth Lou

    19 Dec 2018

    Solid!! Haha hope we can continue with you on that journey beyond your beginner and intermediate stages :)
    Thank You!
    Can you clarify
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    My Personal Financial Resolutions for 2019:

    1. Increase my revenue instake as a student, via giving more tuition, taking up internships and part time roles.

    2. Reduce my expenses as a student, emaning eating cheaper meals, less partying, stay away from having a girlfriend.

    3. Stay focus on goals on goals above for now.

    Cheers

    1

    Loh Tat Tian

    Loh Tat Tian

    01 Jan 2019

    Stay away from having a girlfriend? You might miss out on future partner. Your wife will work with you on personal finance. It shouldn't be costing you much by having a girlfriend if she's wife material.
    Thank You!
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    Guan Winson

    Guan Winson

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    2019 is a brand new year. In the coming year, I will try to polish my knowledge in financing either in saving or investing. I will stick to my plan towards financial freedom. In such a challenging years I ll try to accumulate more value stocks in my basket, involve some p2p crowdfunding to boost the earning. I will also cut some bad habit which which is wasting time and money. In this year I learnt a lesson, do not be hurry, just step by step towards financial freedom. The more eager you are, you might lose much more than you expected

    2

    Kenneth Lou

    Kenneth Lou

    19 Dec 2018

    Starting and taking the first step is always good!
    Loh Tat Tian

    Loh Tat Tian

    01 Jan 2019

    I like your comments on slow and steady. I was actively reading up investopedia for at least 10 years. And only started investing recently.
    Thank You!
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    Kenson Tan

    Kenson Tan

    Level 4. Prodigy

    Answered on 19 Dec 2018

    I would like to:

    1. Read up more on personal finance

    2. Broaden my passive income

    3. Donate and help others more :)

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    Thank You!
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    John Khaw

    John Khaw

    Level 3. Wonderkid

    Updated on 07 Jun 2019

    In 2019:

    • Ride out the volatility in the stock market now (and have the cojones to watch it nosedive)

    • Invest in REITs, slow but steady stream of income

    • Hold out for 2020 before buying any new phones (wait for 5G!)

    • Do the usual, save wisely.

    • Make a dent in the universe.

    1

    Leong Wen Fong

    Leong Wen Fong

    19 Dec 2018

    hmm... 5G... hope the speed is really there!
    Thank You!
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    My personal finance resolutions would be to try to increase the percentage that I save from my salary, track my expenditure more diligently and cut down on where I can and to learn & finally do some investments!!

    And finally like everyone else, to lose weight hahahahaha. :D

    0

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    Tay Boon Siang

    Tay Boon Siang

    Level 3. Wonderkid

    Answered on 19 Dec 2018

    Personal finance resolution for 2019 is to start turning in a tidy profit on all my investments. 2018 has been a year of consolidating my messy investments and throwing them into eTFs

    0

    Thank You!
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    Chen Zhirong

    Chen Zhirong

    Level 5. Genius

    Updated on 07 Jun 2019

    Wow I was just planning this last night. For about 35k, including bonus, this was how I planned.

    Firstly, TREAT YOSELF. Gave myself a budget of about 5k for holidays and entertainment. Planning to catch the Aladdin and Matilda musical next year! Plus visit North Korea.

    Then, "business expenses" read one or two new cameras. I would really like the Fuji XT3 and maybe the 50-140mm. Or maybe get more Canons and get the 11-24mm? Need some LED lights too. Probably 5k for the lot though I might exceed.

    With the remaining 25k, I plan to put 15k into SRS and invest either in an annuity or stocks, depending on the market. 7k into CPF SA. 7k in my parents' OA. And keep the remaining 1k as buffer or maybe to donate?

    2

    HC Tang

    HC Tang

    19 Dec 2018

    Good son :)
    Chen Zhirong

    Chen Zhirong

    19 Dec 2018

    ^_^
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