Weather is sweltering hot.
Every sunday, one of my routine was to surf the net for new blogs in personal finance.
Some of the blogs I frequented are seedly, simple sum, woke salaryman, dollars and sense.
Today I decided to search for something different - don't listen to everything the financial gurus preach.
I myself, have read a few books like the Automatic millionaire, the millionaire next door etc, and many other books on personal finances.
Personal finances is not a one-size-fit-all mainly because everyone has a different goal and personality.
For instance, my financial goal is to earn passive income that can cover my expenses which differs from person to person. My timeframe is also different because I want to reach there in 3 years time. I would prefer fuss-free way to do this. Because of this, I would accumulate savings and put them into stocks. And accumulate passive income through dividends.
Another person with a similar goal but who has a different timeframe and expenses, may want to save and accumulate enough for a condominium and earn income from renting it out. To accumulate for the downpayment, likely 200k could take 5 years or more. This could resonate as at the end, you end up with a tangible asset.
Others prefer to set up a side business etc.
With this knowledge of myself, I try to reach up on books or articles to further my knowledge.
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