QuotesofWisdom: Your Money

Your money is truly yours only upon spending it. Not your salary or savings in the bank. Not some fix assets or investment you made. Why not? Because these money that you “earned” that is supposedly yours is actually not yours yet. However, if you were to die now, all yours will be handed over to someone else right? That is why owning something is useless unless you use it, or in this context, spend it.
—— Dickson Idlier

* I must emphasize that I do not mean spending all the money you have and don’t plan for the future. Spend money wisely, buying essentials is justifiable. Over-consumerism is not. My opinion is leaving money to your family members is best with a mixture of insurance and investment, especially your spouse and children. But they need to rely on themselves as well. Knowing how to live is better than a fat bank account.

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iSAVvy: Financial Independence — The Lows

Low on cash? What have you been spending on? Image from: Photo by cottonbro from Pexels Financial independence is essentially able to sustain your lifestyle with the amount of money you have without working. This is one of life’s most difficult problems everyone has and many are unable to overcome it. —— Dickson Idlier I am not a financial consultant. What I wrote here is purely my opinion. The road to my financial independence is essentially be low on debts and expenses and high in investments and assets. How to control your expenses and debts depends on what is essential to you. I prefer rejecting any instalments (debts) whenever possible and have a simple lifestyle. After these, then build up your savings, investments and assets. This is how I did without many details but I think it is the easiest to get started. Ways to keep a low debt and expenses: Food is essential but not all kinds of food. Try keeping food expenses low but not compromising on quality. Reduce ...

BrainTeasers: Yu Dan—Gain and Loss wisdom (文明之旅)

This is a Youtube video discussing on gain and loss with Yu Dan. Below is the video from youtube: Picture from the video link below 0150921 文明之旅于丹得失有道 Speaker background: Yu Dan (Chinese: 于丹; pinyin: Yú Dān, born June 28, 1965) is professor of media studies at China's Beijing Normal University. She is also assistant to the Dean, Faculty of Arts & Media, as well as the Department Chair of the Film & Television Media Department. -- Extracted from Wikipedia (https://en.wikipedia.org/wiki/Yu_Dan_(academic))

IdlierStories: Muddy Water

Once Buddha was walking from one town to another town with a few of his followers. This was in the initial days. While they were traveling, they happened to pass a lake. They stopped there and Buddha told one of his disciples, “I am thirsty. Please get me some water from that lake there”. The disciple walked up to the lake. When he reached it, he noticed that some people were washing clothes in the water and, right at that moment, a bullock cart started crossing the lake right at the edge of it. As a result, the water became very muddy, very turbid. The disciple thought, “How can I give this muddy water to Buddha to drink?!” So he came back and told the Buddha, “The water in there is very muddy. I don’t think it is fit to drink”. So, the Buddha said, let us take a little rest here by the tree. After about half an hour, again Buddha asked the same disciple to go back to the lake and get him some water to drink. The disciple obediently went back to the lake. This time he found that the l...

Inheritance From Dickson Idlier

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