Drizzt:
As human being living in a world where advertisements are thrown at us every day, we tend to not realise we spend on alot of things that we
- think we absolutely need but really don’t
- impulsively buy only to know that its not really living up to expectations
- we were hypnotize to think we need but really don’t
- buy and end up collecting alot of them
Here is good video from a blogger at Get Rich Slowly sharing how he and his wifey controls these spending urges. To summarize they are:
- The 30-day list for Wants – [1:20]
- Two items out for every on item in – [2:40]
- Experiences over possessions – [3:55]
What i realise is that all of them really make sense. Especially (2) where alot of geeks or ladies will just buy and buy to no end and you just accumulate stuff that depreciate.
3 Barriers To Help Block Consumerism from Adam Baker on Vimeo.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Singapore Savings Bonds SSB January 2024 Yield Plunges to 3.07% (SBJAN24 GX24010F) - December 1, 2023
- New 6-Month Singapore T-Bill Yield in Early-December 2023 Should be Slightly Higher at 3.85% (for the Singaporean Savers) - November 30, 2023
- Have the World or Emerging Market Healthcare Stocks Outperform the World and EM Index? - November 26, 2023