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Friday, June 14, 2013

Streams of secondary incomes

if high cost of living has changed you to wake up every morning cursing and swearing at the new stack of bills to be PAID... maybe you should explore ways to have secondary income(s)

oh well... even if several secondary incomes do not make you Bill Gate II, I'm sure it will be better than when you are now (pocket-wise)... so, why not? :D

possible sources of side income:
1. rent out rooms (1 room ard 600-800 less increment in pub bills = 400-600) 

2.  work part-time (weekends/ tutoring/ bouncers/ night shift...) 

3.  work OT, claimable

4.  start sideline business - (blogshop / pushcart / invest and be a sleeping partner)

5.  invest - in oneself - upgrade for better job prospect- (then job hop, aim 20-40% more)

6.  invest - in dividend stocks



Any other possible streams?? :D

Thursday, June 13, 2013

Project #1: To achieve $1500/mth from dividends

Based on my estimated cost of living, I'll need to generate income of at least $1500/mth from dividends to enjoy financial freedom.

Assuming inflation will be at 5%/yr, I will need to +7% to my target yoy.

Gotta work hard from now on to boost my portfolio, am giving myself till 2018 to achieve tt. !*motivation motivation*!


Thursday, June 6, 2013

Tray return faces resistance (Part 2)

*HoPpPs    hoOOoopPs      hOoOoPPppPssS*


When I first visited France, we visited XXXX, had a nice lunch, was about to leave the place after the meal.
Was near the door when someone (the cleaner) tapped us on our shoulders (machiam very urgent, like I had left my wallet there or what) just to tell us we never clear our plates! waw seh man... so super duper ma lu...
then as we were clearing our plates, lots of eyes were on us like we were a pair of barbarians. (think king kong pounding his chests hard, pom pom pom)

and after we cleared our trays, the cleaner then proceed to wipe the table & chairs clean.

Oh well, I later learnt that in most places in Europe, you clear your own trays after you. Been to the buffets in Europe while touring, not only do you clear your own plates, you are expected to throw the residues into the bins provided!


Now, for many of us who have been to Taiwan, AH ZHONG MIAN XIAN sounds familiar?
After ordering, take your own bowl, stand one corner and eat... then put the bowls in the bins provided for.

Anybody complaining? Apparently still long queues there leh...





Sunday, June 2, 2013

Tray return faces resistance (Part 1)

Tray return initiative was started by National Environment Agency in March, to aide cleaners in increasing their efficiency, and to encourage display of social graciousness.

However, it seems that there are some out there who feel one should “Say NO to Tray Return” 

Why the bbb-iii--ggg NO? 
    -cleaners will lose their jobs!(?) [NEA had emphasised that this isn't going to happen]

    -cleaners clear our trays = provide better service to patrons. [pay $3.50 already leh!!]

    -If customers are expected to return tray, then there MUST be price benefit (cause it will be a true blue self service-service). [best if it's going to be FOC cause need to stand there wait + return tray + maybe next time need to wash plates... maybe okay la, don't say don't have - give $2]

ME & MY STAND ... 

I understand why there are those who feel it this way. A friend said:"
it used to be $2/ plate, order already and can go and find a place to wait to be served. --->
then $2.50/ plate, order already wait nearby, take to your own table. (self-service) --->
$3/ plate, order already wait nearby, take to your own table, makan finish, return tray (self-service upgraded) ---> NEXT?? 

but what we are seeing is what we think, hawkers are bosses make big money... always increase price. YET with each increase in price = one less service (so sad but true eh... :C).

but hor, you go to restaurants and wait to be served, now go kopitiam also want to wait to be served? suddenly the $3.50 = $35... so cannot, cannot, cannot.

10 cents increase, complain complain and COMPLAIN...cause gst 7% only okay? (i A1 for Maths leh!)
maybe should ask for 7cents? or 5 cents? or better still ABSORB LA! (then lower and lower profits margins... think businessmen: tak bolek la!)

For those who are footing our very own PUB bills, we know the fluctuations of the bills... it usually goes UP, UP and UUPP... hardly goes DOWN, down and down... so we want a very accurate accounting and fair charge, then price review every 3 mths? or must do proper accounting like listed co and published to show us? then we complain why no fixed price... OMG... why got earnings...? hmmm...

Ingredients price increase  + increase in operating cost = uP $0.50, kena complain already.
Not enough cleaners = dirty = kena complain = 1 more cleaner = higher operating cost = absorb? increase? 
increase price (again) and kena blacklisted?... don't increase maybe orh ba kap (panda)... earn less and less...

How to maintain current selling price?? Ask landlord to reduce rent? haha... I wish, you wish, landlords leh? Singapore style leh...

How sia??

Personally, I feel those saying NO because they feel something is being taken away (service) from them despite the higher price, seeing things from where they stand.

Someone out there will be the one taking the advantage, most probably the operator (not me! tak bolek la!)... so no no no. Then wld you rather pay more? Or wld you rather a dirtier place?

Why not think of it this way: A lot of the cleaners are those old uncles / aunties. They are a lot slower than you / me ... then when the place gets too dirty, very pek chek (frustrating) you know? Yet they can't handle the crowd... Or wld you rather all these old folks get sacked (already very sad, if kena sack = double sadness no double happiness) and get young blood to replace them (from where... hmmm...)?

Take it as 日行一善, return tray, then less complain = help the old people get less scoldings.

In many parts of Europe, one is expected to clear their own trays after meals, burger king, Ikea, Mac Donald... so long its not a restaurant. (Read - Tray return faces resistance (Part 2)) Tried Taiwan - Ah Zong Mian Xian?

But NEA had probably jumped in too fast, yes, it is a norm in Europe, America... but definitely not Singapore. To change a culture takes time... it has to be a gradual change. perhaps, perhaps... if the tray return is applicable to places where average age of the cleaners are of a certain age, Singaporeans will find it easier to accept and well... lesser people will say NO..

But for me, Yes, I will... :D. Instead of boiling and waiting forever for the cleaner to be free enough to clean my tables during the precious lunch break, (try lunch hours, CBD zone), why not I clear the tray after finishing my meal so that the next patron can enjoy his/her meal? If everyone starts doing this... yes, cleaners will have an easier job, no doubt (so?)... but so will we enjoy a cleaner environment. They can spend more time making sure the place is  clean or maybe progress to washing the dishes and start earning $3000/mth... haha ^_^

What about YOU? YES or NO...

source: http://sg.news.yahoo.com/tray-return-initiative-faces-resistance-094842873.html





Saturday, June 1, 2013

To buy a car, earn $3750 or more, more and more...

Based on the previous posts:
Money not enough - Cost of living in Singapore (5/14/13)
Buying a car in Singapore? Cost of car in Singapore (5/8/13)
RETIREMENT (5/23/13)

In order to owe a car in Singapore, one should be taking home S$3000 PER MONTH: -
1500 (monthly expenditure) + 650 (car maintenance) + 350 (est. car loan, resale, 4 yrs old suzuki swift) + 500 (savings - retirement)

IF

  • you have NO PLANS FOR A CHILD... (est. $500 / mth)
  • you have NO PLANS FOR EMERGENCY FUND... (est. $250 / mth)
  • you have NO PLANS TO TRAVEL... (est. $250 / mth)


To take home S$3000 per month, one should be earning S$3750 (S$3750 - 20% (CPF) = S$3000)

even if your salary scale is around $3750, would you spend for the little comfort on owning a car  or use the dough to make plannings for the future...?