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Asked by Kenneth Lou

Asked on 26 Jun 2019

What do you feel is worth spending your money on?

In today’s highly competitive Singapore culture, I’m curious what fellow Singaporeans actually feel worth spending their time (and money) on. No filter! Only the real stuff! And of course there is no right or wrong answer here!

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Elijah Lee
Elijah Lee
Top Contributor

Top Contributor (Aug)

Level 8. Wizard
Updated on 26 Jun 2019

Probably just me, but I actually enjoy spending on stocks and UTs and the like, and so I find them worth my money and time. I have a goal to be financially free the moment I graduated and I have not lost sight of it. (Didn't have a time frame for that though, although things are starting to crystallize now). The adrenaline rush when I get a stock at the price I want or buy into a good UT to average down prices probably is the same as when someone buys a physical item like a bag or a car. Maybe that's why I am in my current job!

That aside, your question made think deeper and I would say I do spend on my hobbies as well. Once in a while I also ensure my family and loved ones can have a good meal during occasions like birthdays. Of course I would ensure that I don't break the bank doing so. It's all about budget, planning and control.

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Kenneth Lou
Kenneth Lou

26 Jun 2019

Interesting point of view! haha.Spending on stocks and UT :)

I believe in spending on things that are valuable to you but with wisdom and also on things that will get your money working for you

Look at where you put your money and You will know what you care about. For example If you cherish family relationship, you will want to be spending more time and maybe eat some good food with them. But always spend with wisdom and within your means.

And of course, always find ways to have your money working for you

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Junus Eu
Junus Eu
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Top Contributor (Aug)

Level 8. Wizard
Answered on 10 Jul 2019

As a general rule of thumb for myself, I like to spend money on things that contribute to long-term benefits. Here are the things that I think is worth spending my time and money on: 1. Nutrition - by this, I mean nutritionally dense foods. So for $5, I would choose protein and fibre from the cai png stall, as opposed to bubble tea. Long term benefits: Good health, mental clarity etc etc.

2. Exercise - this can be free, but I have found that spending money to learn from good instructors is very helpful. Their advice helps to push you beyond what you thought was possible, and all in a safe way. I can count the number of times I have seen people doing poor form in big gyms, and this counts towards potentially injuring themselves in the process. Long term benefits: Strength and mobility as I get older

3. Investments - this includes anything from big ticket items like high rental yield free-hold property, to equities. I definitely favour putting money into things that grow. Long term benefits: Hopefully a growing investment portfolio ;)

4. Memories with loved ones - this is where I am probably the most extravagant with my money. I have no qualms bringing for eg. my dad on a Japan trip and checking out good food places, because I know all these count towards memories. Long term benefits: Treasuring time with loved ones.

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Yong Kah Hwee
Yong Kah Hwee
Top Contributor

Top Contributor (Feb)

Level 6. Master
Updated on 03 Jul 2019
  1. Family

  2. Insurance

  3. Travelling

  4. Fooooooooddddddd

  5. Better quality shoes, so they can last longer and save you the money (and trouble) from buying new shoes

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Daryl Ho De Sheng
Daryl Ho De Sheng

02 Jul 2019

Wow hi kh
Yong Kah Hwee
Yong Kah Hwee

03 Jul 2019

Hi LOL
Takashi Fujita
Takashi Fujita

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Level 4. Prodigy
Answered on 09 Jul 2019

Beer.

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Spending on courses, books, seminars and coaching. The best investment that you can do is to invest in yourself. Nothing beats this.

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Children and their future. :)

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Takingstock @
Takingstock @

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Level 5. Genius
Answered on 26 Jun 2019

Haha same as most others

  1. Family and kids!! So much joy to see my nephew laugh, or call me peh peh. Doesn't happen all the time, so treasure it while it lasts.

  2. Hospitalization insurance

  3. Learning and sometimes teaching. There's a lot of joy when you teach someone who has greater potential than yourself, and a lot of worry whether you could bring that person to his / her maximum potential. Its good to see them grow.

  4. Me time and doing things I like, eg reading personal finance and economics.

  5. Spending time with people you care about. Even if I'm buying dinner or beer.

  6. Coming up with spreadsheets that can "do it all" lol. Or writing cool elegant codes.

  7. Eating favourite comfort food!! Like carrot cake / chai tou kway?!?

  8. Playing a cool game of tcg or magic the gathering. Still looking to build a cool Outlander or Commander deck to "kill" opponents with "debt".

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Yinghua Liu
Yinghua Liu

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Level 4. Prodigy
Answered on 26 Jun 2019
  1. Yummy food
  2. Quality time with loved ones
  3. Travelling (more on experiences)
  4. Sport Shoes with nice cushion

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