2 people like this.

19 comment(s). Last comment by shirley1 2012-11-11 14:49

King Kong73

2,065 posts

Posted by King Kong73 > 2012-11-09 20:19 | Report Abuse

or try to earn more dough

Jackpot

59 posts

Posted by Jackpot > 2012-11-09 20:51 | Report Abuse

just frugal without earning enough is depressing. Can't afford and don't want to buy is a totally different scenario.

tonylim

4,796 posts

Posted by tonylim > 2012-11-09 20:59 | Report Abuse

cp, i certainly agree with jackpot. i teachees my young working children to spend provide d they are convinced where their next dollar is coming. in this way they will be smarter and come in contact with more people to deal with together with the merchandise they are buying.

Posted by paulwongtp > 2012-11-09 22:06 | Report Abuse

if u want to enjoy ur life try enjoy peace.

ganasai

1,671 posts

Posted by ganasai > 2012-11-09 23:56 | Report Abuse

i think they enjoy during how to earn money more than how to spend money. our life actually is simple: sleep one bed, eat 3 times per day. more important: healthy, friendship and family love. enough!

Posted by bernardpng > 2012-11-10 00:52 | Report Abuse

I think to get rich by being frugal is pathetic. That shows one has limited resources of income. One has to think and think before spending every penny. Wasn't that pity? And I respectfully disagree that one will get rich by being frugal.

Posted by Fat Cat Tim Buddy > 2012-11-10 01:05 | Report Abuse

omg, leng chai teh u on your frugal spree again..

i think.. those who keep saying to stay frugal all the times, inside their heart, they always have somethings! somethings.. they desired for a long long time.

just like drug addict, they have to constantly fight with themselves to stay clean :P

having billions in bank doesnt make you rich, what you do with the money is, you only live once.

tptan45

388 posts

Posted by tptan45 > 2012-11-10 16:51 | Report Abuse

It is nice to be rich and yet choose to be frugal.
These rich people are contented and confident with what they have and what is available. That is their real wealth.

4818109

5 posts

Posted by 4818109 > 2012-11-10 16:57 | Report Abuse

in mandarin there is a phrase says "open up the tap' n control the flow" if we control the flow all the time ,there is a limit to wat we can save, frugal is important but opening up the tap or enhancing is equally important . if not more important

tommylou

1,918 posts

Posted by tommylou > 2012-11-10 17:06 | Report Abuse

Hmm frugal to be rich.....???
Don't think Donald Trump was frugal, neither was Robert....maybe li ka sing.....

AlbertLim

281 posts

Posted by AlbertLim > 2012-11-10 19:16 | Report Abuse

sorry I dont believe a word coming from CP Teh... one day I speak the truth about CP TEH ... ONE FINE DAY I WILL.....

benson911

639 posts

Posted by benson911 > 2012-11-10 19:24 | Report Abuse

Ya,agree, every penny saved equal to penny earned. Those object this principle mostly from middle income group,they like to spend more to show off like take more loan to buy expensive car and buy branded things.

King Kong73

2,065 posts

Posted by King Kong73 > 2012-11-10 19:51 | Report Abuse

earn more..spend less..yaa

rich kueh

1,419 posts

Posted by rich kueh > 2012-11-11 09:09 | Report Abuse

I have two friends. One is a miser and the other is bloody stingy. They fit into this category

Posted by Buy & Sell Sell & Buy > 2012-11-11 10:16 | Report Abuse

It's better to earn 100%, to spend 60% & save 40%, than to earn 100%, Spend 10% & save 90%. The knowhow of earning passive income is of upmost important. If we have the knowhow to earn more, than spending is not a major problem.

DaveSingh

2,088 posts

Posted by DaveSingh > 2012-11-11 12:05 | Report Abuse

always make a balance between earning and spending...live life.. dont let life live you.... spend 70% and save 30% of take home salary and income....try not to over do it.. the world is an amazing place....

DaveSingh

2,088 posts

Posted by DaveSingh > 2012-11-11 12:10 | Report Abuse

old chinese saying... no matter how big you are, there is always someone bigger...now matter much you have there is always someone with more.. so dont make money accumulation a competition...if money is coming your way, it will come, if money is not coming your way, no matter what you do it will never come....so dont penny pinch.. those people are not realy rich..they are just playing the game unfairly..

DaveSingh

2,088 posts

Posted by DaveSingh > 2012-11-11 12:30 | Report Abuse

warren buffet smart in making money?... think about it.. he is 80 years old over...a 40 year old person with a billion dollars is much much smarter cos one billion with compounding returns of 8% equals what? after 40 years.... much much much more that what those so called rich people are worth... do the math...compare apples with apples ok not apples with oranges...

shirley1

1,141 posts

Posted by shirley1 > 2012-11-11 14:49 | Report Abuse

DaveSingh, agree with you, cannot compare apple with orange. billionaires spending 2 to 3 million a year is consider frugal. if rich is measure by $$$, believe those ppl make more more money to get rich, guess frugality is their virtue or habit.


a lot of working class earning beggar's salary and wish to live like a king, they have no choice but need to stay frugal, probably some of them can't even save 2 to 3 million in their lifetime. guess probably stay invested for working class, there is still chance to get rich.


Spend 500 to get a headphone (so expensive), can get a headphone in less that 100.. this month i have to attend few wedding dinners, guess my 500 gone..

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