I realize how important frugal is this Chinese New Year | Investment Moats Skip to Content

I realize how important frugal is this Chinese New Year

Its Chinese New Year I wish to firstly wish all my readers Gong Xi Fa Chai, Shen Ti Jian Kang, Shi Shi Xun Li!

This year is the year of the dragon. Typically this seems like a good thing since Dragon usually symbolizes prosperity and wealth. Not so. Judging by most accounts, this earth dragon year will be very challenging.

For those born in the year of the monkey this is an average year, and best not to invest in the stock market (!!!)

The worse thing is that health would be bad this year for most.

During Chinese New Year, we usually went house visiting and it’s a time to catch up with friends and family that you seldom meet.

I heard some really good experience, I heard some bad ones.

Most of all being frugal has a lot of upside. One of my uncle got retired in his 40s and have been living frugally for 20 years and was able to make ends meet. My other uncle did well in his career, owns a semi-detached yet remain very sound and frugal in his every day living. It pains me to find out another of my uncle struggling to stop working at an age of 60+ because they are still needing money day to day.

Living a minimalistic, de-cluttered lifestyle and having a frugal mindset about how you plan and spend money can not just enable your money to work better for you, makes you focus on what really matters and most of all give you confidence in life.

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Drizzt

Tuesday 24th of January 2012

Hi Guru apparently is earth dragon in water year!

Guru

Tuesday 24th of January 2012

Hey Drizzit,

I think this year is a water dragon year :) gong xi fa cai!

Temperament

Tuesday 24th of January 2012

"Happy CHINESE NEW YEAR TO YOU AND ALL READERS TOO."

Sorry, correction; indulging a bit occasionally can lah! But wasteful or show-off can not lah! HA!HA! For not only i must reserve, my reserve must be preserve ma! Not only that, preserve must keep growing a little bit too. Or else how not to run out of $$$ now we are "retired" Cheers!

Temperament

Tuesday 24th of January 2012

Till i can live on my interest on the interest of my principle, i can not afford not to be frugal.

Drizzt

Tuesday 24th of January 2012

h Temperament, happy chinese new year! I am surprise you cannot afford to indulge abit haha.

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