12 Important Lessons I Learned From "Just Keep Buying." 📕

"Just Keep Buying" is @dollarsanddata's first book.

Nick was kind enough to share me an advance copy.

Here's 12 of the most important lessons I learned from reading it:

1/15 1. Focus on saving or investing?

Depends on how much money you're making.

If you can only invest $1,200 a year (i.e. $100 a month), even making superstar-level returns of 20% isn't gonna bring you financial freedom.

At the beginning, focus on being able to save more.

2/15

Money Tips for 2020 from 20 Influencers (a thread)

1. Lee Ching Wei, @iMoneyMY

"Your top priorities should be to manage your debts and improve your financial standing.

Focus on avoiding consumptive debts, which are debts on things that reduce in value." 2. KC Lau, @moneytips

"Real passive income comes from owning assets:

* Real estate that commands reasonable rents
* Businesses that produce cash flow
* Intellectual properties that earn royalty

Buy some this year. Or create one yourself!"

1/ Money is difficult, so I tried to simplify it into simple diagrams.

This thread shows highlights. Full article below:
mr-stingy.com/personal-finan… 2/ Most people think rich/poor is based on income. Net worth is a better measure.

1/ This is a thread on 11 Do-It-Yourself (DIY) investment options in Malaysia. Why DIY? Because it saves you money and time. Useful if you work a full-time job like me. Ranked from least risky to most... 2/ First up: good ol' Fixed Deposits. Safest of the safe, even your mother would approve. Sign up at your bank's online portal. Expect 3-4% per year.

1/ Okay this thread is about the "Balai Polis" scam I suspect some scammers tried on me today. 2/ Around 1125am, a woman voice from 03 55103910 calls me asking to speak to Aaron Tang.