About K.C.

Hello 🙂

I'm K.C. and welcome to my page: "30 Year Old Investor". Everyone has a story, and here is mine.

Alot of thought have gone before trying to start this page and it goes like: "Surely in Singapore we have no need for just another finance blog/blogger?"

But then, I saw the value of blogging: It gives me a platform to learn and challenges me to be accountable for what I am doing financially. Mistakes will definitely be made along the way while I learn and pick up more valuable skills in terms of managing personal finance and investing.

I honestly have no idea how long it will take me to reach financial freedom. (Maybe by age 50?)

K.C. visited the recent 2018 REITs symposium and found that when you look from the back, there seems to be more older folks than young guns? There was even a man who look like in his 60s on a E-scooter!

Growing up, our teachers always forbid us to use Wikipedia as a reliable source. But K.C. will use its definition 🤣 (I was quite the rebellious kid):

"Financial independence means you have enough wealth to live on without working.^[1][2] Financially independent people have assets that generate income (cash flow) that is at least equal to their expenses. Income you earn without having to work a job is commonly referred to as "passive income".^[3] For example, if someone receives $5000 in dividends from stocks they own, but their expenses total $4000, they can live on their dividend income because it pays for all their expenses to live (with some left over). Under these circumstances, a person is financially independent. A person's assets and liabilities are an important factor in determining if they have achieved financial independence. An asset is anything of value that can be readily turned into cash (liquidated) if a person has to pay debt, whereas a liability is a responsibility to provide compensation. (Homes and automobiles with no liens or mortgages are common assets.)" - Source Wikipedia

My Financial Goals are to:
1. Ensure positive cash flow.
2. Gain assets (stocks and reits) that generate passive income.

My Story
My personal finance journey has not been easy. Growing up, it didn't take me long to realise that my family was not doing as well financially as my peers. By secondary school, me and my sister had both decided that the way out of "poverty" was to study hard and get to a local university. That, we thought would be the ticket to a world of riches. And today we have achieved that: my sister has a Masters and I have a Degree. However, not all the decisions we made along the way were to the best of our situation. This was mainly because of a lack of access to information. As such, we always made decisions in imperfect knowledge much to our detriment.

For example, we didn't have any concept of insurance nor planning financially (not just insurance). This was until my Dad came down with terminal illness and passed away. The experience hit my family hard but was a close shave because the saving Grace was that he had a Private Medishield Plan. This saved my family from a certain financial disaster from coping with his illness.

This is why I went into the insurance business for two years (I am no longer in the insurance field and have since returned to the Chemistry field in the Oil and Gas sector.) I share the awareness and continue to advocate the need for insurance. However, I do not believe in buying TOO MUCH insurance as most agents/advisors will try to convince you to. (I will certainly be sharing more in time to come on this). I almost certainly do not advocate using Insurance as investment tools other than in a few exceptional cases as well because of the costs involved compared to a prudent financial strategy by your own investment.

I'm going to say this:

" NEVER TRUST ANYONE WITH YOUR MONEY OTHER THAN YOURSELF."

We alone should be responsible for our own financial decisions. We should all learn a concept of finance (handling money) and if money is so essential in the millennial's life today, we ought to treat it with more seriousness and we should never give ourselves the excuse to blame others or situations for our own financial plights. The decisions we make today will shape what happens tomorrow. Not making any decision is also a bad decision in itself. We reap what we sow and we cannot reap what we have not sown.

I too have made many financial decisions that haven't been totally sound in the past but I am now keen to set it right. Today, I am working in the Science field and building a career in the Energy sector. And my keen observational skills have served me well in the past 3 years. I believe that it is possible to get it right even though I am starting late.

At 30 Years Old, as a investor, I will now be spending most of my time on these:
1. Building my career: generate more income so it makes sense to invest time and effort to it.
2. Learning more about investing: to build a passive income to that I do not have to worry about losing my job.

30 year old investor will be a web page dedicated to educate, share and discuss about money, saving and investing. I welcome you to share with me your insights in terms of handling money.

- K.C.
If you like this post, you might like our facebook page as well. I'm also on Investing Note.

---------------------------------------------

Disclaimer: The above information are for personal discussion purposes only and do not constitute financial advice. Do conduct your due diligence before making any financial decision. "30 Year Old Investor" shall not be liable for any loss or damage of any kind arising from the result of your reliance of the information contained on this site.