Recently, Citibank decided to launch this Citi Clear Card.

And just a simple credit card, it caused quite a substantial amount of discussion on the internet world, especially here, here, here and here.

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Theres this article relating to the business I'm doing and I find that a lot of points are really relevant.
Taken from 'The Sunday Times' May 13 2007, Singapore (Lorna Tan)

Swopping 15 hour days in law for 15 hour weeks in marketing

Helen Tay manages to make just as much in network marketing as she used to do in law

When Ms Helen Tay, 37, attended a wealth seminar in North Carolina in the United States in 1997, one of the speakers was Mr Robert Kiyosaki, a virtual unknown at the time.

But the wealth management concepts Ms Tay picked up from him during the three day seminar bowled her over. They altered the way she vied wealth and resulted in a change of habits and lifestyle.

Mr Kiyosaki has since rocketed to fame as the best-selling authoer of the Rich Dad, Poor Dad series of popular investment books.

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Hmm.. Decided to branch off a bit and do a mini site on singapore stocks. One of the main reason being that quite a number of friends are asking about it.

And since I couldn't find much online info for them, I decided to start my own. So here is, "Getting Started with Singapore Stocks"

This is part 2 of a series. Read the earlier parts of the series here first. 1 2

In the previous section, we focussed more on the external factors of why its not that easy becoming financially independent. In this section, we shall discuss more on internal factors.

One of the most common problems in our society nowadays is the issue of money management. Unfortunately, our education system, in Singapore and all around the world, focus heavily on technical education. Technical education is definitely a necessity; It drives companies, helps you get employed, and in short, providing a living. However, this has proven to be uneffective in the development of a person.

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This is part 2 of a series. Read the earlier parts of the series here first. 1

So.... Since it sounds so easy to be financially independent, why aren't most of the people, especially in affluent Singapore, financially independent?

There's quite a large possibilities of reason actually. Some, such as financial education, government mindset, personal mindset, money management, etc. And from these, effects happen. An example would be credit lines and loans.

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If you're living in the 21st century, you would have noticed a few things.

For one, people are increasingly reliant on government handouts such as social security(for you Americans) or things like CPF(the those Singaporeans among us). Or even smaller handouts such as election goodies, progress packages, things I would even call a form of welfare package.

Secondly, you see more and more financial plans to help old folks turn their assets into cash. An example would be the reverse mortgage schemes(Where you 'sell' your house to a financier, in return for a small monthly cash allowance.)

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