30 Jan '17, 1pm

We don’t have to be smart to be rich!: Recently, I had a blog on three attributes of a wealthy peasant. Prudence.…

We don’t have to be smart to be rich!: Recently, I had a blog on three attributes of a wealthy peasant. Prudence.…

Recently, I had a blog on three attributes of a wealthy peasant. Prudence. Pragmatism. Patience. We don’t have to be smart and we don’t have to make a lot of money to become wealthier. However, we should be prudent, pragmatic and patient if we want to become wealthier. (See related post #1 at the end of this blog.) Charlie Munger certainly thinks it is a no-brainer and so do I. Tax deferred account? In Singapore, we have the SRS but try to take full advantage of the CPF first. I like to think that I have been prudent, pragmatic and patient in the last 20 years. See related post #2 at the end of this blog. Yes, at the ripe old age of 45, I am showing off my CPF savings graphically. Of course, I have always said not to use me as a benchmark because all of us have different …

Full article: http://thefinance.sg/2017/01/30/we-dont-have-to-be-smart-...

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