I had graduated from my Bachelor degree for more than 4 years now in 2008. Back then, I was filled with much hunger and desire to succeed in the corporate world. I was spending time at work on weekdays and money on weekends, not surprisingly to buy things that I don’t really need. I was earning around $2,500 per month back then I remember and I actually felt it was quite difficult to finish spending all those money on food, clothes, gadgets and everything else. Nevertheless, I still did finish spending all my money without a blink in the eye, thinking that more money are going to come my way given that I had just started working.
I began to delve more into sports betting at betfair.com and started playing tennis and soccer trading and scalping. Just like trading in the stock market, playing scalping in sports betting do require a lot of energies and most importantly patience, with a strategy stop loss in place. As with all humans, I ended up winning and losing, winning and losing and finally ended up at a net loss (I think so?? wanna bet?) from it.
One day, right around my 25th birthday, I started to ponder on my financial future. I had a good job and a good income but technically my net worth is still zero. I was essentially waiting for the next salary to come, only to find myself waiting again for the same in the second week (how many of my friends have this same problem as me I wonder). Is that a bad thing? Realistically I was only 25 years old so maybe I’m doing well or maybe I’m not. I wasn’t really sure myself.
Then I began to delve into the financial world, in particular a blog which I came across the Finance.sg which compiles all the investment expert blogs. I began reading them one by one and over several days and weeks and was inspired by most of the post and their humble beginnings. In particular, I remembered reading AK71, MusicWhiz, FF, Createwealth888 and Dividend Warrior blogs as most inspiring for beginners to begin with.
Since then, I have purchased shares in Fraser CenterPoint (FCT), First Reit, Parkway Life Reits, Singtel, ST Enginnering, Neratel and many more on market dips in order to build up my arsenal of solid dividend payers. I also began tracking each individual dividend payment I received and tallied them over time to reinvest again. I kept my watchlist of dividend stocks very near to my sight and began to track them every single day so that if there’s an opportunity to enter, I will do so.
Now that my goals are in place and I’m on a designated path to my financial freedom goals, I live my life everyday with these goals in mind. While the amount on my portfolio is near to nothing as compared to most investors, I am now significantly more calm with regard to my financial situation than when my net worth was a lackluster zero.
I hope that for beginners or anyone reading this, this post can inspire you in the best personal manner just like how the others’ posts inspire me back then.