Trace Decay Theory

You can only start 2021 properly after doing these 3 things

Oops, is it 2021 already? If you are like me, the last few days was like a blur. A combination of Christmas, New Year and wine probably pushed the thoughts of wealth management to the back of our minds. But that’s alright, that’s what Wealthdojo is here for. In 2021, Wealthdojo will focus more on emotional finance (something that isn’t really talked about among financial experts).

But wait!

Before you get busy into life (again), take a step back. Don’t be a hamster in a wheel and start grinding/hustling. Take a step back and ponder on what worked last year, what kind of fruit your hustle bore and also your achievement you had. It is easy to continue forward. I challenge you to take the next 15 minutes for this exercise. I guarantee you that the next 15 minutes will set the stage for your 2021.


#1: 13 Milestones of 2020

It is very human of us to forget after we finish something. According to Trace Decay Theory: The theory that if memories are not reviewed or recalled consistently, they will begin to decay and will ultimately be forgotten.

Trace Decay Theory

Trace Decay Theory: Did I watch this movie last year?

We quickly forget about projects we completed whether professionally or personally. One very popular response I get when I remind someone of their achievement is this.

Me: “Remember you achieve XXX in 2015?”.

Someone: “Got meh? Now you say it, seems very familiar”.

Today, I challenge you to write down 13 milestones that you have accomplished in 2020. This is very important because we tend to discredit ourselves for things that we have done. By writing down our wins (even small ones), we are training our brain to appreciate the success we are achieving. It is also a strong intrinsic motivator for ourselves. Whether it is big or small, write it down. It is your milestone for 2020 and no one will be there to judge you. For those of you who have more, go beyond 13.

If you wish to read more, I will share 3 of my milestone in 2020.


First Death Claim

One July evening, I was having dinner with my friends when I received a text from a client, David (fictional name to protect the identify of the client).

“Hi Chengkok. My wife passed away this morning.”

I stared at my phone for a few minutes before my friend poked me in the ribs. I was slightly dazed and felt as if my mind was floating. I excused myself to go to the toilet still thinking of what to say, how to reply and whether to call David. With what felt like hours, I could only muster a simple “My condolences to your family. How are you?”.

“I’m fine. Could you help me with my wife’s death claim?”

I doubt David was fine that day. During the day when I met him, I could see the dark rings under his eyes. His eyes were puffy and seemed unfocused. It was a hard conversation even for me. I repeated to him what his wife shared with me when she first bought the policy. It was a policy that will mature in a few years time, the time when their children will be all grown up and she was hoping to use the money for their retirement holiday. It wasn’t much. The maturity was in the range of few thousands but she was very enthusiastic about it. I heard a big sniff and a very soft “Thank you”.

In the next couple of weeks, I settled the claim for his family. In the financial services industry, I am no stranger to death, critical illness or hospitalisation. I have done numerous big claims and small claims amounting up to 7 figures and in the course of it impacted and changed many lives. However, my first death claim stirred many emotions in me and reminded me how fragile life was. It was really my pleasure servicing you.


First Roadtrip in Australia

It is strange that having a first road trip in Australia is a milestone. For the many drivers out there, you might think this is a joke. Except for someone, who had a driving accident before.



In Nov 2016, I was young and wanted to “save time in my itinerary”. The result was a very tired driver (me) and a crashed car. I was alone in New Zealand when I crashed. I was very tired and fell asleep on my wheels. One second. One second was all it took. I nodded off and the next thing I knew, I was skidding down into a rocky path. I honestly thought I would die. When I crawled out of the vehicle, I was trembling. As I sit down on the rough rocky road, I couldn’t help but notice that the surrounding was so beautiful. Thank goodness it wasn’t my turn to go.

Ever since then, I had a fear of driving. My senses will be heighten whenever I had to drive. Driving a mere 10 minutes felt like running a marathon. I knew I was holding on to a high amount of mental tension.

In 2020, it was decided that I would go on a road trip in Australia. The first day experience was extremely tense. I was horned at, the cars around me was going very quickly and I felt paranoid from the constant pressure from the car behind me gave. However, after 2 days, I felt more comfortable and more confident driving. Though I still feel the tension, I learnt to be aware of the tension but not let it overrun me. It was certainly a breakthrough.


First MDRT

I got a surprise when my Director called me up to share with me that I was very close to MDRT (Million Dollar Round Table). During the time, we were in the midst of the circuit breaker. COVID-19 literally paused the entire economy in Singapore and World Wide. I thought this would be year of survival. Never would I thought this is the year I would achieve my first MDRT.

For those who are new to this term, it represents a milestone for financial consultants as it means that we are among the top 5% of consultants world wide! I never dreamt of achieving such accolades in my career. My intention was to help the Educated Poor elevate themselves to achieve the financial success they would given the right tools (6 Levels Wealth Karate) and right mindset.

This success is build on trust and referral from my clients and friend. A big thank you for helping me achieve this milestone in 2020.

MDRT Chengkok


Hope you enjoyed the read. Now it is your turn, what are your milestones for 2020?


#2: 20 Things to be Gratitude for

Our brains have been trained to look out for threats and worries. That’s how the human race has survived for the many years. It is not difficult to think about something that we are worried about. However, remembering what we are grateful for can help to tip our brains to thrive instead of survive.

I challenge you to make a list of 20 things you are grateful for in 2020.

These are a few of mine.

  1. Healthy (no major sickness)
  2. Can work from home
  3. Self invented tofu sleeping technique (to sleep within 5 mins)
  4. Trust and referrals
  5. Having a listening ear
  6. Parents fast technology adoption rate

What’s yours?


#3: Who do you want to be?

In the last 10 years, I have been taught to write out your goals, what you want to achieve in the upcoming year and our New Year Resolution. However, these New Year Resolution rarely make it pass February. The reason why it is so difficult to “lose that weight”, or “save that amount of money” is because these are tasks that we have to complete.

As human beings, I believe we are lazy in nature and these tasks (especially if they are difficult) tend to be put off until the last minute or the next year. Instead of having goals/tasks, I challenge you to write out who do you want to be list. Create an identity that you can be proud of.

Instead of “Lose 5kg”, consider “I want to be fit”.

Instead of “Save $10,000”, consider “I am accountable to my money”.

Instead of “Read 10 books”, consider “I want to upgrade my brain”.

The actions will follow. Personally, I want to be a thought leader in personal finance. I want to be an inspiring leader and I want to be physically active and strong.

What’s yours? Share it in the comments below.


For those of you who want to kick start your Wealth Management journey in 2021, why not consider joining my telegram channel?

Join my Telegram Channel for a tip a day! In Wealthdojo, we dedicate a small amount of time daily for learning new things. Continuous learning is one of the greatest secrets of success.

For those of you who want to turbocharge your journey, contact me at I would like to hear from you what your experiences are currently and from there, we develop a plan specially catered just for your journey.

We wish you all the best! Stay Safe and Take Care!

Chengkok, Sensei of Wealthdojo.

What 2020 has taught me

What 2020 has taught me?

As we reach the end of 2020, we should all give a pat on the back to ourselves for getting through it. It’s been a year of change to the way we work, hang out and even the way we live. Even though 2020 is coming to an end, we know that things are not going to be changing much at the strike of 12am on 1 Jan 2021. 2021 will be the year we are all still adjusting to the new normal. 2020 has taught me many things as we all slow down and start to realize what really matters in our life.

Today, I invited a young Singaporean blogger with a 9 to 5 job, Shan to share more on her thoughts about 2020 with regards to wealth management, family, work and everything else. Thank you Shan for your contributions. Happy reading!

What 2020 has taught me

What 2020 has taught me


My family definitely has spend a lot more time together in 2020. With my brother coming back from UK in March 2020 due to the pandemic, we have been spending more time together. Without travelling this year, we have managed to save a little more but have been spending it after circuit breaker as we are out for nicer meals once in awhile.

On the other hand, my mum has been cooking more often with on weekdays. She has also started new hobbies like gardening to help her pass time at home. I realised that just the simple evening talks and walks make me so happy on a daily basis. As my brother will be going back to study overseas in 2021, I definitely will miss the time we spent together since March 2020 when he came back.



Work has been a huge learning journey due to the restructure in our roles and also expansion of duties. I am happy to be able to learn more after the restructure but the main thing is that people in the team has been leaving and the workload is getting heavier. This makes the remaining team members having to shoulder the work and it is not easy.

On the other hand, I am glad that my contract got extended, even though I was not offered a permanent, full-time role but a small increment was given so I am grateful for that. 2020 has been a really tough year for fresh graduates, from job searching to entering a role with a lower starting pay, no one wants to have it this way when they graduate. Wealthdojo has an article outlining the 3 Money Beliefs That Will Destroy Your Life with one of it being “If you work harder, you’ll be able to earn more”

“If you work harder, you’ll be able to earn more” is really something to ponder upon, there are many people who are willing to work hard and long but does it guarantee them the equal rewards as the effort they have put in? Not necessary and this is why it is important to look out for trends and to know your strengths to put them to good use at the right areas. Working smart is also very important.

The future of work looks to be very different as digitalization, data and technology looks poised to be the future. Even work in my department seems to be going towards digitalization for technology to do it and once done, no human touch will be needed as it can be done by a robot and data easily tracked. It is as though the future jobs will be taken over by technology as I can see the shift towards that and jobs that will be still be in demand will definitely be those maintaining the technology.

With a shift of jobs being automated, it sets me thinking on whether will I be replaced eventually, judging by the large administrative stuff that I do currently, I can see my job being automated in the near future considering that the pandemic has increased the pace of it. I wasn’t imagining this outlook when I started work as everyone was still thinking about automation but the pandemic has really gotten everyone to hasten the speed of digitalization.


Finances and Portfolio

2020 taught me that investing is really volatile but rewarding if you stay invested and invest in companies that you have done sufficient research. No one can predict the markets and this was so evidently shown this year. Many expected 2020 to be a bad year for the markets but if you were investing consistently in 2020, almost all assets are in the green. Particularly US stocks and also cryptocurrencies where Bitcoin recently crossed the US$23,000 mark as more institutions put money into it. 2020 has pushed my portfolio into the the green for the first time as I enter the US market, buying VT, VOO, Tesla and LMND which are all currently in the green. I have managed to save much more and has really made me a few steps closer to my financial goals.

Read more: Ending 2020 with a $30,000 portfolio and dividends collected revealed! | Tesla stock price crashed like soufflé?


2020 has taught me about resilience and that being financially prepared is important to ensure that in times of crisis, you are not going to be struggling and worrying about your expenses. At the same time, it has revealed to me the vulnerabilities of working for others where you can be made redundant due to the economic conditions or because the company is cutting costs. There really is no iron rice bowl and the only way to secure your future is to keep up-skilling and re-skilling. Your skills will determine your employability. Wishing everyone a Merry Christmas and a Happy New Year as we move into Phase 3 and 2021!

More about SingaporeanTalksMoney

She is in her 20s working in a salaried 9 to 5 job like many other Singaporeans. To her, money is a form of freedom as it will allow her to spend more time with her family and also to do things that she likes. As she embarks on her journey towards financial independence, she hopes to document it down and share her journey with everyone particularly for herself as well to reflect on it.

Find out more about her: SingaporeanTalksMoney


Final Thoughts By Wealthdojo

I’m a big fan of reflections. One of my favourite quote comes from John C Maxwell.

It is said that a wise person learns from his mistakes. A wiser one learns from other’s mistake. But the wisest person of all learns from other’s success.

I’m on a mission to collect mistakes and success from various gurus and financial bloggers in Singapore. Let’s all learn from each other’s mistakes and successes and be the wisest one of them all.

Join my Telegram Channel for a tip a day! In Wealthdojo, we dedicate a small amount of time daily for learning new things. Continuous learning is one of the greatest secrets of success.

For those of you who want to turbocharge your journey, contact me at I would like to hear from you what your experiences are currently and from there, we develop a plan specially catered just for your journey.

We wish you all the best! Stay Safe and Take Care!

Chengkok, Sensei of Wealthdojo.

The 4 Quadrants of Spending

The Ultimate 4 Quadrants Shopping Guide Especially If You Are 28 and Older

It is getting easier to buy things now. With Shopee, Lazada, Taobao working their magic with their 9.9, 10.10, 11.11, 12.12 sales, consumers like you and me are finding it hard to resist buying. You are not alone in this. Shopee, Lazada, Taobao’s amazing algorithm makes sure that they show us things that are of interest to us and will keep reminding us until we press “add to cart” to achieve our happiness (or end our misery). It is only at the end of the month that we log into our Ibanking account to see that we have already spend over hundreds or thousands of dollars shopping.


First thing first

This is not a post to advocate not spending. I believe expenditures are important and necessary to our productive and creative self. It will be quite lame to live a life saving every single cent and not enjoying the joys of the world. Thousand of blogs out there are advocating on “saving money on the Starbucks” or “stop buying the avocado toast”. While it certainly makes financial sense, it is also certain that it will be a miserable life. Let me give you a real life example.

When I was 24, just graduated from University. I was poor and was determined to save every single cent. In the months to come, I only ate at the mixed vegetable rice stall at hawker centers. It costed me $2.90 when I bought a combination of 2 vegetables and 1 meat. I also refused to buy coffee/tea. This saved me a lot of money but I assured you that I was not looking forward for my meals at all. Financially, it make sense. Psychologically, it took a toll. I change a lot after that and you can read more here.

My suggestion in this ultimate shopping guide aims to help you find a balance financially and psychologically. That being said, saving money and investing them is the cheapest way to become financially free.


The 4 Quadrants of Spending

After sharing about personal finance for over 8 years, I realised 99% of what you buy will fall into the 4 Quadrants. I will sharing real examples and also for those of you who needs rule of thumbs, I will be glad to provide that for you.

The 4 Quadrants of Spending

The 4 Quadrants of Spending


The Cheap and Useful

The cheap and useful is the most straight forward of all. Just buy it. This is because it is going to help you with your pursuit of growth and it is also affordable. An example of cheap and useful will be like a book. A book increases your knowledge in the subject matter. You may get more insights after reading a book. You can even read it again and still get insights for it. I buy books almost on a monthly basis and I can feel myself growing in knowledge. (Sidenote: I’m in the process of getting a affiliate program with bookdepository. I strongly believe in daily learning and hope you can do the same too). In this quadrant, it is your cheapest opportunity to succeed. Previously, I wrote about 3 books to read during COVID-19. I’m probably going to update that soon.


The Expensive and Useful

There will be times when the product or services is expensive. However, my advice is invest and buy it. This is because these product or services will probably allow you to be more productive and more effective. Some examples of the expensive and useful are an IPad, a good handphone, a good powered laptop (especially if you are doing video editing) or standing desk. These will increase your productivity on a daily basis. The last thing we want is to create a bad experience when you hustle. Some other products or services includes a gym membership, a coaching or investment class.

4 years back in an feeble attempt to save money. I settled on a Xiaomi 3 phone. The specs were okay and I got it because it was cheap. The phone started to lag after 6 months. It was such a pain finding information on a phone. On one fateful day, my hands slipped and the Xiaomi 3 came crashing down on the floor. When I picked it up, the phone screen was already died. The phone refused to reboot and I spend the next day and a half buying a new phone and transferring all my data to the next phone. I probably missed out a day of text. As a self employed helping clients, the worse thing that can happen is to suddenly become uncontactable. I bought Huawei’s flagship P10 Plus after that and never looked back.

Invest when you need to.


The Not Useful (Be it cheap or expensive)

The expensive and the not useful will usually fall into the luxury market space. I once knew a lady who spend $800+ on a pair of slippers. She has worn it once before and she stopped wearing it because she’s afraid the slippers will be exposed to the rain. For those of you who are curious, this is the slipper.

The Ultimate 4 Quadrants Shopping Guide Especially If You Are 28 and Older Expensive and Not Useful

The Ultimate 4 Quadrants Shopping Guide Especially If You Are 28 and Older Expensive and Not Useful

On the other side of the quadrants are the cheap and the not useful. While it seems harmless due to the same quantum, the accumulation of these products will add up. Examples of these are like a low quality shirt (you know you can feel it).

I once when to taobao to buy a pair of jeans. The jeans cost only $5 and I felt that it was “useful” for me. When it arrived, the cutting was terrible and there was this weird smell on it. After wearing it for one time, it went even more out of shape and my pocket had a hole in them. I threw it away and swear by Uniqlo now.

A very general rule for those in the not useful quadrant is to not buy it.

However, like all things in life, you can be flexible. If the part of Hermes Slippers is essential for your happiness (or for whatever reason logical or not), consider buying a second hand one. The second hand market is a big one. You probably will save lots just buying on a second hand market. The best part is that no one will ever know that you got it second handed! Hang on for another tip coming below.


Disclaimer: Useful or Not

One of the most common question my client ask me is “How do we know if this is useful?”

The fact remains that the usefulness of the item is subjective and highly dependent of oneself. For example, the gym membership is expensive and “useful” ONLY if you go to the gym and workout at the gym. Otherwise, it is not useful at all. To help you further if you are unsure if the product or services is useful or not, I have created this rule of thumb for you to consider.

If you are NOT SURE that the item is useful, and it cost > 15% of your monthly income, then don’t buy it.

If you are KNOW that the item is NOT USEFUL BUT you know you will feel happy, and if it is > 5% of your monthly income, then don’t buy it. If you still want to buy it, consider a 2nd hand version.


Final Thoughts By Wealthdojo

Hopefully, this guide can help you make better decision in your next shopping session. Be it Cyber Monday, Single’s Day, Boxing Day, you will be prepared. Wishing the best in your financial journey.


Join my Telegram Channel for a tip a day! In Wealthdojo, we dedicate a small amount of time daily for learning new things. Continuous learning is one of the greatest secrets of success.

For those of you who want to turbocharge your journey, contact me at I would like to hear from you what your experiences are currently and from there, we develop a plan specially catered just for your journey.

We wish you all the best! Stay Safe and Take Care!

Chengkok, Sensei of Wealthdojo.

$30000 per month crazy rich asians

Is $30,000 Salary a Month Enough?

QNS: Is $30,000 Salary a month enough?

When I ask this question to my clients, the first response I get is: HOW I FIND SUCH A JOB??

Last Sunday, Straits Times published an article titled $30,000 salaries, yet in serious debt (it is an premium article). This started almost an outrage in the Wealth Management and Personal Finance community in Singapore. Most of the comments were related to where to find such a job and probably missed the point of personal finance. Let’s explore the reasons when $30,000 salary a month is not enough?

$30000 per month crazy rich asians

$30000 per month: Crazy Rich Asians: May not with $30,000

Reason #1: You spend more than $30,000 a month

Typically, as we grow in affluence, our purchasing power increase and we tend to spend more to.

Meet John. John is a hardworking young professional. His first salary was $3000/month and he had to live a simple lifestyle. Along the years, John got promoted for his outstanding working performance and ability to show results. His salary gradually increase to $15,000/month. John is now working harder at work and often end work late. He will take a cab home (he used to take the public transport) and order a good meal from a nearby restaurant (he used to cook) to reward himself for the hard work. When he sees something that likes during shopping, he will buy it immediately (he used to ponder if the item is essential)  because he feels that he can afford it and he don’t have much time to shop anyway. He buys his friends meals (he used to go dutch) because he feels he is doing well.

John wakes up one day and was shocked to find out that his bank account balance haven’t been increasing after his promotion and has decreased.

If you spend more than you earn, then you will be in deficit.


$30000 per month salary spending more than you make

$30000 per month salary: spending more than you make


Reason #2: You acquire more debts that you can handle.

Previously, I wrote about a Quick Ratio that we can use to evaluate whether the company is financially healthy.

“A company CANNOT go bankrupt if it doesn’t have debts” ~Chengkok

I can’t remember who said this before so I’m just going to quote myself until someone prove me wrong. (Haha). During the COVID19 season, we are seeing record number of companies going bankrupt and closing down. Examples are like JC Penny, Hertz and AMC just to name a few. If you look at their financial records, it would be just a matter of them that they will go under.

Similarly, for personal finance, if you take on too much debts than you can handle, your cashflow will be severely impacted.


Reason #2.1: Leverage

Reason 2.1 is a compounder for reason 2.

When I was 19 years old, I was scared stiff of the stock market. That was because I had a friend who lost over USD$50,000 in one night in his CFD trade. $50,000 is a huge sum to a 19 year old kid and it scared me silly.

Leverage works like this. You ONLY require a SMALL sum to get a BIGGER exposure. Most people who have limited capital are attracted to this because of the high returns. However, if the stock price goes south, you have to pay for the exposure too. A capital of $10,000 can easily give you an exposure of $200,000. However, if the stock price plunge, you could lose a significant portion of the $200,000 that you DO NOT EVEN HAVE and hence acquire the debts that you don’t want.

“Go big or go home. Typically in investing, people go home” ~Chengkok

$30000 per month salary leverage

$30000 per month salary: Leverage


Reason #3: Bad Habits

In The Straits Times article, bad habits or poor financial planning will cause your financial downfall no matter how much you earn. Data from the Monetary Authority of Singapore shows that

  • 34 home owners have asked to stop payment for their loan until December
  • 2100 people have problem paying education and renovation loans
  • 6200 have asked to convert high credit card debt into term loan on lower interest rates

The list goes on. Gambling is also one habit that might cause financial woes. We are often reminded by the National Council on Problem Gambling on not to gamble especially during the Chinese New Year.



Some questions that we can ask ourselves in our financial journey.

Income plays just one part in your Wealth Management journey. It is your habits, your mindset and the people that you hang around with that helps you reach the level of financial freedom you want.


No one will care about your money as much as you do.

In Wealth Management, it is important to Pay yourself first. Beware of scams. Before you invest in any company or popular investment opportunity, be sure to do your own due diligence. If you wish to learn more about investment, I hope to nurture genuine relationships with all of my readers.

Check out my most popular blog post in 2020 so far: 5 mistakes people make using their CPF.

Please feel free to contact me on my Facebook Page or  Telegram Channel! Or subscribe to our newsletter now!

How to have better relationship with money stressed woman

How to have better relationship with money?

We talk about building better relationship, having good wealth management but have we thought of having a better relationship with money (self-care)?

In Singapore, one thing that fly under the radar of the recent politics campaign is the high stress level of working. Do you know almost 100% of Singaporeans are stressed at work? (Source: Human Resource Director).


“Almost 100% of Singaporeans are stressed at work”: Survey

How to have better relationship with money stressed woman

How to have better relationship with money: stressed woman

Welcome to the city where the cost of living is high, have expensive healthcare and unaffordable housing. Together with this economic situation after COVID-19, many young people struggle to find their first job after graduation. Though I agree we have our positive side, we must also recognized that these economic-social issues will affect our relationship with money.


Why are Singaporeans Stressed at work?

Top causes of stress for single, married and working mothers vary, but all mention personal finance, too much work and personal health.

According to a survey by Jobscentral, being overburdened with financial commitments (29%) is one of the biggest reasons Singaporeans don’t leave a job they hate. 25% cited fear of not being able to find a better job as their reason for not leaving a crappy job. (Source: 3 Big Reasons Why Singapore Employees Are Always Stressed Out!).

While money is not the only reason, it is a common reason for stress.

Relationship With Money Stressed Statistics

Relationship With Money Stressed Statistics


Where did this stress stems from?

In my previous article about Self-Care and Wealth Management, I’m grateful to be able to ponder in depth on why people might become narcissist on self-care. It has to do a lot with their beliefs about money and I’m going to summarize it in the chart below.

Your relationship with money will determine your money habits that you have and it will led to the financial circumstances that one will go through and finally happiness.

Relationship with money

Relationship with money

Example #1: You are undeserving of money / reward.

I had a classmate, Karen who scored straight As for her primary school examinations. One year, another classmate shared with us that he just came back from a trip to Australia because he had good results in the last year. Karen decided to tell her parents about it. Her parents told her that if she continued to score straight As, she will be able to go for the trip.

Eventually, Karen had the straight As. But, the trip didn’t happen.

As a child, Karen held a belief that no matter how much effort she puts in, she will not get a reward. Today, Karen is a hardworking individual and put in a lot of effort in her work. Despite her hard work, she was unable to climb the corporate ladder and have mediocre salary. Personally, I feel that she still believes that she’s undeserving (relationship with money), other people are luckier and so passed on several opportunities (habits). This lead to her living a miserable life (financial circumstances)


Example #2: Believe that People With Alot of Money is Evil / Money is the root of all evil.

When I was young, I asked my parents why my classmate could go to Europe to travel while we only went Genting. My Mom told me that my classmate’s father was a businessman and he have to spend a lot of time on entertainment. He have to do a lot of “funny/bad things” that as children, we won’t understand at that age. Lots of Taiwanese/Korean dramas also reinforce this belief that you have to ruthless to earn money.

When I grew up, there was a period of time I judged people for earning a lot of money instead of being happy for them. If I learnt that they were earning more money, I felt that they done a lot of “funny/bad” things to achieve their goals.

I felt that earning a lot of money is evil (relationship with money), I would try not to earn over a certain threshold (habit) and that led me to living a normal life (financial circumstances).


This is ridiculous.

Your relationship with your money is largely influenced by the money lessons you learned from your primary caregivers and mentors, as you were growing up. While it is on no fault of theirs, we need to identify and be aware of the beliefs you have on money so that we can break out of this trap.

I challenge you to write down a list of your money beliefs. It could be “Money is never enough”, “Investing is risky”, “I need to spend money to feel good” etc. Ask yourself, does this money belief serves you or hinder you. If it hinders you, spend sometime to process why has it been affecting you and make a decision to change the belief.

We wish you good luck and stay safe.


No one will care about your money as much as you do.

In Wealth Management, it is important to Pay yourself first. Beware of scams. Before you invest in any company or popular investment opportunity, be sure to do your own due diligence. If you wish to learn more about investment, I hope to nurture genuine relationships with all of my readers. Please feel free to contact me on my Instagram (@chengkokoh) or Facebook Page or my Telegram Channel! Or subscribe to our newsletter now!