In collaboration with TradeHero (now Ayondo) & SGX (Singapore Exchange), we have developed a series of 15 animated video tutorials that will make learning fun & easy for all beginners!
I have been tasked as the mastermind behind the content, drawing from my knowledge of the 200+ books I have read and 10,000+ hours of professional market experience as mentioned in the video.
https://i0.wp.com/synapsetrading.com/wp-content/uploads/2014/09/1b-Stock-Market-Basics.png?fit=1278%2C7507501278Spencer Lihttp://synapsetrading.com/wp-content/uploads/2014/03/logo-header1.pngSpencer Li2018-08-15 04:51:482018-09-04 23:58:5015 FREE Animated Videos on the Basics of Trading & Investing
After months of hard work and preparation, we finally launched Hustle Cafe, a brand new concept providing awesome brunch and 12 taps of craft beer (and cider).
But that is just the tip of the iceberg. 😀
Hustle Cafe occupies level 1 of the building, and on level 2, we have a co-working space for like-minded individuals to network and create synergies with their business.
And finally, on level 3, we have a training room, where classes on entrepreneurship, business growth and social media are conducted, and with that our whole business functions as a closely-knit business incubator community.
Do drop by when you are free, and have a chat with the friendly staff to find out more. See you there!
P.S. My favourite is the Carbonara pasta and Salmon Rosti, and for drinks I like number 3 and number 9. 😀
P.S.S. I will be having a workshop on trading and investing, and if you are keen to find out more about angel investing and why I invest in businesses such as this, do drop by to have a chat!
Check availability: http://synapsetrading.com/trading-foundation-workshop-2/
Last week, I had the privilege to attend a 7-day training program in Johor to learn from Bill Allen, David Neenan, and the legendary Marshall Thurber.
It was a great time making new friends, learning (so many amazing individuals here!), and reflecting on turning 31 (on the first day of the course) this year.
Last year was an eventful year for me, in which I continued to grow my training business, bought a new house, and invested in 10+ new businesses.
During the 7 days, I also read these 3 books during my free time (in between the eating/drinking/massage sessions), which further gave me insights and clarity on how to build network by following sound business principles and sticking to my integrity. I am looking forward to many new exciting projects coming up soon.
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Once again, a big thank you to all participants and organisers, and for those who are keen to join next year, please drop me whatsapp/email and I will link you up with the organisers for next year’s event.
https://i1.wp.com/synapsetrading.com/wp-content/uploads/2017/07/2017-07-20-17.52.48.jpg?fit=4032%2C302430244032Spencer Lihttp://synapsetrading.com/wp-content/uploads/2014/03/logo-header1.pngSpencer Li2017-07-21 06:41:452017-07-21 07:07:32How to Grow a Strong Tribe Through Sound Business Principles & Integrity
Recently, I came across an interesting report by Wealth-X, which conducts research about the ultra-wealthy. In this report, they revealed the hobbies, interest and passions of the world’s richest people, and some are actually very different from what we think them to be.
The top 5 hobbies are as follows:
1. Philanthropy
It’s surprising that philanthropy features top in the list of hobbies of billionaires. While giving by the rich is often ridiculed by others (“Probably giving because they feel bad”), giving is a financial discipline that keeps the rich rich, and the not-so-rich to be on the right path to success.
Some ways to give your money:
Give regularly to a cause you believe in.
There are some people who frown upon giving to the poor just because they are poor, or perhaps you don’t have a very good perception toward charity. If that’s the case, find a cause that you believe in, and give regularly to it. Some causes that are worth giving to include humanitarian aid, sponsoring budding artists, supporting the elderly in society, giving to children’s education (or even a partial scholarship).
Giving is good for the heart.
The act of giving brings a healthy sense of awareness of where your finances come from; the more you serve and give, the more likely it is that people treat you with respect and have a positive attitude towards you, and your business grows.
Give physical gifts instead of financial gifts.
Some charities allow people to give physical goods instead of money. Doing your research, getting the right contacts, and finding a cause you believe in (and a sustainable one too!) requires patience and some hard work on your part, but it’s a worthy exercise. Although I personally give regularly to several charities, I do not like to publicise it.
2. Travel
Rich people travel because… simply because they can afford it. If you do have the spare cash, it makes sense to start travelling while you are on your way to financial success. This keeps you motivated, and you can always upgrade your holidays when your financial stability improves.
But the real challenge for most people is not just the money, but also the time. Given the nature of my job (trading), I have become the go-to person whenever any of my friends want to travel, and over the past few years I have travelled to 50+ countries while still making passive income along the way.
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3. Art
Art is something that really enriches the soul, and adds flavour to life. And there is a wide range of selection to choose from, ranging from a few thousand to rare pieces that go into millions.
Personally, I have taken an interest in this after hunting for some pieces for my new house.
4. Fashion
I’m not much into the fashion scene, but the ultra-rich truly enjoy obtaining unique pieces of clothing.
Bespoke, boutique, and customized clothing are the rage for the ultra-rich.
While I don’t really splurge on costly apparel, I do recommend spending good money on key essentials, like a pair of decent dress shoes for men, or any other piece of clothing that you find to be something you want to pull out once in a while.
I also find that it’s a waste of money to spend on cheap clothing; it’s far more cost-effective to buy quality, reasonably priced products that can last you 5-10 years, than to buy-and-throw most of your wardrobe.
That said, I do enjoy the occasional indulgence, from quality brands like Mont Blanc, Paul Smith, AP, etc 😀
5. Politics
When people mention the word “rich” and “politics” together, Donald Trump is the first thing that comes to mind. Other people like Henry Ross Perot, Mitt Romney and Ronald Lauder are also rich people who forayed into the political scene, but with limited success.
What are your hobbies?
At end of the day, your hobbies and passion are activities that bring additional job and add colour to your life, so pick something that is fun, meaningful, and something within your means. (Not all hobbies have to be ridiculously expensive.)
On a personal note, my hobbies include hitting a gym (with my trainer), tennis (with my coach), yoga (private noob level class), reading (2-3 books a week), and not forgetting trading (15 mins a day). Oh, and travelling as well. I aim for 2-3 new countries each year. 😀
https://i0.wp.com/synapsetrading.com/wp-content/uploads/2017/04/22-Miami-holy-ship-beach-party.-Photo-by-stellaperformanceusa.com_.jpg?fit=1280%2C8538531280Spencer Lihttp://synapsetrading.com/wp-content/uploads/2014/03/logo-header1.pngSpencer Li2017-04-26 05:25:162018-10-22 04:04:09The Top 5 Hobbies of Millionaires & Billionaires Around the World
Every person has regrets, and as one gets older, it is inevitable that one would start regretting certain things. And when it comes to finances, what exactly do our seniors quip about? What decisions did they make that they regret the most? And most importantly, what crucial advice would they give to those looking to retire comfortably in the future?
REGRET #1: NOT SAVING MONEY WHEN YOUNG
This is one of the most common regrets that is universal to all seniors across the world, with older folk lamenting that they should have saved when they were younger. In fact, saving $10,000 in your twenties adds up a lot more than saving in your 40’s or 50’s. Compounding works to your favour the earlier you start. Expenses also start to rack up as you age, therefore it is much harder to save when you are older.
Property, health spending, and raising a family take up most of your money, and saving money gets a lot harder when the children are begging for you to get the latest mobile device for their birthdays.
Gambling and entertainment eats away at your nest egg, so stay clear of them! It’s never too late to start getting your money habits sorted out.
REGRET #2: NOT INVESTING TIME WELL
Back in the 1980’s, investing was a lot harder to learn without the internet. Now, it is an excuse to say that it is difficult to be financially educated. With kids these days being able to build a website from scratch (without supervision), I’m sure you will be able to find something to do that will bring you dividends in the long-run.
Most people complain about not knowing what to invest in. That is a reasonable complaint, but…
The reason why most people can’t invest money, is that they don’t even invest time to learn how to invest.
Time is sacred; use it wisely, and use it on what matters.
If your financial vocabulary includes any of the following:
buying blue-chip stocks for the long-term
mutual fund investments
investment-linked insurance policies
…you are missing out on a large chunk of the pie. A good diversified portfolio includes much more than just stocks. In fact, holding just stocks can be very risky, as seen during the 2008 financial crisis where most blue-chip stocks plunged by 60-80%.
Multi-asset class, multi-instrument investing is the norm now. If you’re not involved, it’s time to get started.
Another common misconception is that learning how to trade or invest is very time-consuming, but that is actually not true. Like any skill, it might take a while to learn it at first, but after a few weeks, you will soon get the hang of it and it will only require a few minutes a day to manage your finances and investments.
REGRET #3: SPENDING TOO MUCH ON THE CHILDREN
Many parents will look back on their days as young parents and quip that they should have spent less. Some of the bad outcomes include spoilt children, children who expect a lot but don’t contribute, and many more.
Among the many unnecessary expenses, parents could do well to reduce spending in any of these areas:
Extra-curricular lessons, like ballet, music, swimming (especially if the child is not enjoying them!)
Tuition lessons (the school system in Singapore is honestly quite robust)
Expensive pre-school education (they won’t remember what happened anyway)
Expensive holidays (we don’t remember them 1 year from now)
Toys that are thrown away 3 months later (we prefer iPads, honestly)
Expensive food at fancy restaurants (food, is still food)
Overseas university education (a local degree can be equally profitable for your child)
Expensive child-care services (reasonably priced ones will do the same)
A domestic helper / maid (teaching the kids to take care of the house makes more sense)
We sometimes put too much of a premium on university education. Pay what is fair and reasonable; don’t go about spending half a million on a university degree.
Many parents have money but very little time for the children. Ask any child and you would know that he/she would much prefer spending time with their parents than having expensive holidays in Paris, Dubai, or Tokyo.
On hindsight, you would always know better. But hey, take the advice of our seniors, and spend what really matters; our time.
For what use is all these cool stuff, cool experiences, premium lessons and holidays, if we don’t get what truly matters?
https://i2.wp.com/synapsetrading.com/wp-content/uploads/2017/01/Elderly-Poor-Singapore.jpg?fit=640%2C427427640Spencer Lihttp://synapsetrading.com/wp-content/uploads/2014/03/logo-header1.pngSpencer Li2017-04-12 05:54:292018-09-05 02:47:103 Biggest Financial Regrets of Retirees - And How to Avoid Them!
Time is sacred; use it wisely, and use it on what matters.
We sometimes put too much of a premium on university education. Pay what is fair and reasonable; don’t go about spending half a million on a university degree.
