Do retail arbitrage in Singapore?

Retail arbitrage involves buying products at low prices (e.g., clearance sales, outlet stores) and reselling them at higher prices for a profit. In Singapore, this can be a lucrative side hustle with the right strategy. Here's a detailed guide:

Steps to Do Retail Arbitrage in Singapore

1. Research Trending and High-Demand Products

  • Categories that Work Well:

    • Electronics & Gadgets: Phone accessories, small home appliances.
    • Fashion: Limited-edition shoes, branded bags, or seasonal outfits.
    • Beauty Products: Popular skincare, makeup, or limited-edition sets.
    • Toys and Collectibles: LEGO sets, Funko Pops, and gaming merchandise.

  • How to Research:

    • Check popular platforms like Lazada, Shopee, or Carousell to see trending items and price ranges.
    • Use tools like Google Trends or Shopee Insights to find seasonal demand spikes.

2. Identify Low-Cost Sources

  • Offline Options:

    • Warehouse sales: Popular brands like Adidas or Charles & Keith often hold warehouse sales.
    • Outlet malls: IMM in Jurong East or Changi City Point offers branded items at discounted prices.
    • Clearance sections in department stores like Robinsons, TANGS, or Isetan.
    • Grocery and bulk deals at supermarkets for reselling snack bundles.

  • Online Options:

    • Taobao or Alibaba: Great for bulk purchasing at lower prices.
    • Flash sales on Shopee, Lazada, or Amazon SG.
    • International retailers offering discounts (use shipping services like ezbuy or Airfrov).

3. Validate Profit Margins

  • Determine your costs: item price, shipping fees, and platform transaction fees.
  • Use tools like eBay Calculator or set a target margin (e.g., at least 30% above cost).
  • Test-list items at potential selling prices before buying in bulk.

4. Select Reselling Platforms

  • Local Platforms: Carousell (most common), Lazada, Shopee, Facebook Marketplace.
  • International Platforms: Amazon (for small, scalable items) or eBay (for niche products).
  • Social Media Sales: Set up an Instagram shop for fashion items or a TikTok storefront for trending gadgets.

5. Take Quality Product Photos

  • Invest time in creating attractive listings. Use good lighting and angles, and highlight key features.
  • For brand-new items, include tags, packaging, or receipts as proof of authenticity.

6. Optimize Your Listings

  • Write accurate and engaging product titles and descriptions. For example:

    • Title: Brand New Nike Air Jordan Sneakers (Limited Edition, Size 9)
    • Description: Authentic, unworn sneakers purchased at the official store. Comes with original packaging. Price is slightly negotiable.

  • Use keywords and hashtags on platforms like Shopee or Carousell to increase visibility (e.g., #limitededition, #NikeSG).

7. Scale with Analytics

  • Use seller tools:
    • Shopee Seller Centre or Lazada Seller Centre provides insights into top-performing items.
    • Monitor trends using tools like Keepa (Amazon price tracker) or data analytics on Google Sheets.

Tips for Retail Arbitrage Success in Singapore

  1. Focus on Unique or Seasonal Items

    • Examples: CNY-themed products during January, Halloween costumes in October.

  2. Start Small and Test Demand

    • Avoid overstocking until you've validated that the product sells well.

  3. Avoid Gray Market Risks

    • Check import/export regulations and ensure products comply with local standards (e.g., electronics require safety approvals like PSB).

  4. Watch for Clearance Schedules

    • Singapore retailers often clear seasonal stock during the Great Singapore Sale (June/July) or festive periods (post-Christmas, post-CNY).

  5. Create Bundles for Value

    • Sell multiple small items together for a perceived value boost, such as a "Skin Care Starter Set" or a "LEGO Mini Build Pack."

1. Specific Items to Source and Resell

High-Demand Categories and Product Ideas

  • Electronics & Gadgets:
    • Power banks, Bluetooth headphones, smart plugs.
    • Source clearance models of popular brands like Xiaomi or Anker.
  • Fashion & Accessories:
    • Branded sneakers, seasonal collections, or limited-edition items.
    • Bags and accessories from outlets like Charles & Keith or Coach at IMM.
  • Beauty & Wellness:
    • K-beauty face masks, serums, or popular drugstore brands like L’Oréal or Olay.
    • Seasonal beauty sets from Sephora or Guardian during their sales.
  • Toys & Collectibles:
    • Limited-edition LEGO sets, Funko Pops, or Tamiya items.
  • Snacks & Confectionery:
    • Imported treats (Pocky, KitKat unique flavors) and festive snack bundles.

2. Best Sources for Low-Cost Items

Online Suppliers

  • Taobao/Alibaba:

    • Great for bulk purchases, but factor in shipping fees and lead times.
    • Use shipping agents like ezbuy Prime, SGShop, or Airfrov for convenience.

  • Shopee/Lazada Flash Sales:

    • These platforms often run time-limited deals; compare prices to find deeply discounted items.
    • Look out for voucher codes or promo campaigns (e.g., 11.11, 12.12 sales).

  • Amazon (SG/US):

    • Amazon’s warehouse deals section lists discounted electronics or home gadgets.

Physical Locations in Singapore

  1. IMM Outlet Mall (Jurong East):

    • Stores like Nike, Adidas, or Charles & Keith offer significant discounts, especially for older collections.

  2. Changi City Point:

    • Fashion brands often have 50%-70% off during seasonal clearance.

  3. Mustafa Centre (Little India):

    • Find deals on electronics, watches, and small household items.

  4. Warehouse and Mega Sales:

    • Brands like OG, Metro, or Popular Bookstore regularly host clearance events for deep discounts.

Wholesale Markets

  • Chinatown Market (Festive Goods): Stock up on seasonal items before Chinese New Year or Mid-Autumn Festival.
  • Beach Road Market: Unique vintage or niche collectible items.

3. Setting Up Your Reselling Platform

For Local Sales:

  • Carousell:

    • Ideal for fast, localized transactions.
    • Optimize your profile with trustworthy reviews and clear policies.
    • Paid features like “bumping” ads boost visibility.

  • Shopee:

    • Register as a seller and take advantage of Shopee Seller tools for analytics.
    • Offer free shipping promotions (factor shipping cost into your pricing).

  • Facebook Marketplace:

    • Cross-post on local groups (e.g., Buy/Sell Singapore, specific niche groups).
    • Pro: Free platform, fast direct messaging.

For International Sales:

  • eBay:
    • Great for rare items, collectibles, or electronics. Factor in shipping fees to ensure margins remain profitable.
  • Amazon:
    • Use Amazon FBA (Fulfilled by Amazon) to scale your operations.

4. Marketing and Promotion Tips

1. Create Appealing Listings

  • Use clear, well-lit photos showing multiple angles.
  • Example description:
    • “Brand new Apple AirPods Pro (sealed box). Purchased from [Retailer] during clearance sale. Warranty valid until [Date]. Offering at a discount for quick deal!”

2. Use Keywords

  • Include trending phrases or brands in your listing to make it searchable (e.g., “Authentic Nike Sneakers - Limited Edition”).

3. Bundle Low-Cost Items

  • E.g., offer a discounted bundle of skincare items or toy sets to increase sales volume.

4. Use Social Media to Boost Reach

  • Share your items on Instagram stories or in Facebook Groups.

Scaling Up: Strategies for Long-Term Success

  1. Automate Processes: Use tools to monitor price drops and set alerts. Tools like Honey for discounts or Keepa for Amazon tracking help streamline sourcing.
  2. Track Your Inventory: Keep a spreadsheet of costs, inventory, and selling prices to ensure profits stay on track.
  3. Join Reseller Communities: Network with other local sellers for leads on where to source high-demand products.


Step 1: Setting Up Your Reselling Platform

A. Carousell

  1. Create an Account

    • Register using an email or phone number.
    • Choose a username that reflects your niche (e.g., "BudgetGadgetDeals" or "FashionFindsSG").

  2. Optimize Your Profile

    • Add a professional profile picture.
    • Write a short bio that emphasizes trustworthiness (e.g., "Reliable seller of pre-loved and brand-new items. Fast deals preferred!").

  3. Create Listings

    • Photos: Take high-quality photos with good lighting. Show details and packaging.
    • Description: Include essential information:
      • Condition: New/Pre-loved
      • Price: Indicate if negotiable.
      • Meet-up/Delivery options: Offer popular meet-ups near MRT or courier delivery.
    • Example: Brand-new Philips Airfryer. Purchased from IMM Outlet Mall during a sale. Original price $250; selling for $200. Sealed and comes with receipt for warranty.

  4. Engage with Buyers

    • Respond promptly to messages.
    • Use Carousell’s “bump” feature sparingly for older listings to increase visibility.

B. Shopee

  1. Sign Up for a Seller Account

    • Go to Shopee Seller Center and register.
    • Set up your “Shop Name” to represent your niche (e.g., “TechOutletDeals”).

  2. Add Products

    • Upload clear photos and fill in the details:
      • Product Name: Use SEO-friendly names (e.g., "Xiaomi Power Bank 10000mAh – New Sealed Box")
      • Price: Competitive and fair pricing with a clear profit margin.
      • Shipping: Opt for Shopee-integrated shipping partners for efficiency.

  3. Boost Visibility

    • Participate in Shopee’s campaigns (e.g., Flash Sales).
    • Offer free shipping (build the cost into your selling price).

C. Facebook Marketplace

  1. Join Relevant Groups

    • Search for niche groups (e.g., “SG Branded Goods Buy/Sell”) to reach specific audiences.

  2. Create Listings

    • Upload detailed product descriptions and mention item availability.
    • Post items during peak traffic times (evenings/weekends).

  3. Communicate Clearly

    • Set payment and collection terms upfront to avoid misunderstandings.

Step 2: Create a Pricing and Inventory Tracker

Here’s a simple system you can set up using Google Sheets or Excel:

Columns to Include

  1. Item Name: Name of the product.
  2. Purchase Cost: Include the original price + shipping/transport fees.
  3. Selling Price: Your target price.
  4. Profit Margin: Automatically calculate as:
    Profit Margin = Selling Price - Purchase Cost.
  5. Platform Fee: Estimate fees from Shopee, eBay, etc., and subtract them from your margin.
  6. Quantity Available: Current inventory on hand.
  7. Sales Status: Pending, Sold, or Unsold.
  8. Supplier Details: Useful if restocking is needed.

Formula Examples

  • Profit Margin Formula:
    =C2-B2-D2 (Where C2 is Selling Price, B2 is Purchase Cost, and D2 is Platform Fee).

  • Stock Remaining Alert:
    Use conditional formatting to highlight low stock (e.g., Quantity < 3).

Step 3: Scaling and Managing Workflow

  1. Automate Repetitive Tasks

    • Use Google Forms for tracking sales inquiries.
    • Employ inventory software like StockSync for larger-scale operations.

  2. Leverage Data

    • Identify your best-selling products and adjust your sourcing efforts accordingly.

  3. Build Repeat Customers

    • Offer bundle deals or discounts for repeat buyers (e.g., “$5 off your next purchase if you leave a review!”).


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Chinese New Year 2025 is going to be here soon.

 

Preparation Tips

1. Declutter Your Home

  • Clear out unused items (like our earlier discussion about selling stuff). This aligns with the tradition of starting the year fresh and symbolically removing bad luck.

2. Shop for Festive Decor

  • Popular Items: Red lanterns, couplets with auspicious phrases, and Snake-themed decorations (for 2025).
  • Where to Buy: Chinatown, Daiso, or online platforms like Shopee and Lazada.

3. Plan Your Reunion Dinner

  • Reserve restaurants early or prepare a homecooked meal with traditional dishes like yu sheng and hotpot.
  • Consider ordering festive platters if cooking is challenging.

Saving Money for CNY

  1. Shop Sales Early: Keep an eye out for discounts on Chinese New Year snacks, decor, and clothing in late December or early January.
  2. DIY Decorations: Crafting your own decor can save money and add a personal touch.
  3. Group Buys: Join neighbors or friends to bulk-order goodies like pineapple tarts or CNY hampers at discounted rates.

Earn Extra Income During CNY

  1. Sell CNY Snacks or Decorations: Homemade pineapple tarts, bak kwa, or festive candies are in high demand.
  2. Festive Freelancing: Offer photography, calligraphy for couplets, or even cleaning services ahead of CNY.
  3. Rent Out Extra Space: Visitors from abroad or other cities might need short-term rentals during the holiday season.

Celebrate Meaningfully

  • Visit relatives, exchange mandarin oranges, and distribute red packets (ang baos) according to traditions.
  • Don’t forget to wear new clothes in auspicious colors (red, gold).

1. CNY Snacks

  • Popular choices: Pineapple tarts, almond cookies, love letters (kuih kapit), and bak kwa.
  • How to Start:
    • Offer small sample sets to friends or neighbors to gauge interest.
    • Package your snacks in decorative CNY tins or boxes for extra appeal.
  • Tips: Use unique flavors (e.g., pandan, matcha) to stand out.

2. Festive Decorations

  • Sell ready-made or DIY items like:
    • Red packets (ang baos) with custom designs.
    • Snake-themed ornaments for 2025.
    • Paper-cuttings and wall decals with auspicious symbols.
  • Tip: Offer personalization (e.g., family names, custom blessings).

3. Hampers

  • Assemble gift hampers with items like mandarin oranges, wine, tea, and festive snacks.
  • Tip: Partner with wholesale suppliers to keep costs low while maintaining quality.

4. Calligraphy or Custom Couplets

  • Write auspicious phrases for buyers on red paper or wood plaques.
  • Tip: Add a modern touch by using gold foil or embossing.

5. Apparel & Accessories

  • Sell CNY-themed outfits (e.g., cheongsams, mandarin-collar shirts) or accessories like bracelets with Chinese zodiac charms.

Saving Money for Festive Expenses

1. DIY Festive Snacks

  • Gather a group of friends or family to make snacks together; bulk-buy ingredients to split costs.

2. Budget-Friendly Decorations

  • Make your own lanterns and paper cuttings with online tutorials.
  • Reuse decor from previous years and spruce them up with a few new touches.

3. Buy Snacks and Decor Post-CNY Sales

  • Stock up on discounted items after the holiday season to save for next year.

Celebration Enhancements

1. Host a Festive Potluck

  • Share the burden of preparing the reunion dinner by asking guests to contribute a dish.

2. Organize Family Bonding Activities

  • Games: Lohei dice game, mahjong, or card games (ban luck, gin rummy).
  • Storytelling: Share family stories about past CNYs to connect with younger generations.

3. Give Personalized Red Packets

  • Write heartfelt messages on red packets to make them meaningful, beyond monetary value.

Potential Income-Generating Strategies

1. Festive Photography

  • Offer professional or home-studio CNY portrait photography for families.
  • Tip: Provide traditional props like lion dance costumes or Chinese fans.

2. Delivery Services

  • Help deliver lohei platters, hampers, or CNY goodies for a small fee, catering to busy families.

3. Creative Digital Products

  • Design and sell CNY-themed e-cards or printable decor templates on platforms like Etsy.
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Here are 10 practical ways to save or earn money in Singapore, rated by difficulty

 

1. Optimize Your Utilities Usage (Save)

  • What to Do: Use energy-efficient appliances, unplug devices when not in use, and take advantage of utilities rebates (e.g., U-Save vouchers for HDB households).
  • Difficulty: Easy
  • Why: Minimal effort is required once you've invested in energy-efficient appliances or adjusted daily habits.

2. Leverage Cashback and Rewards Cards (Save/Earn)

  • What to Do: Use credit cards or apps (like GrabPay or ShopBack) that offer cashback or rewards for essential spending like groceries, dining, and transport.
  • Difficulty: Easy
  • Why: Requires discipline in paying off credit balances on time to avoid interest charges.

3. Declutter and Sell Unused Items (Earn)

  • What to Do: Sell unused items on platforms like Carousell or Facebook Marketplace. Items like clothes, electronics, or furniture often fetch good prices.
  • Difficulty: Easy to Moderate
  • Why: Listing items is simple but might require some effort in negotiation and shipping.

4. Explore Side Gigs (Earn)

  • What to Do: Consider part-time tutoring, freelancing, or food delivery with platforms like Grab, Deliveroo, or Fiverr.
  • Difficulty: Moderate
  • Why: Flexible hours, but it requires time and consistent effort to generate a steady income.

5. Cook at Home (Save)

  • What to Do: Prepare meals instead of eating out. Plan meals weekly and shop smartly at markets or grocery sales.
  • Difficulty: Moderate
  • Why: Needs planning and time, but the savings on eating out can be significant.

6. Invest in Dividend Stocks (Earn)

  • What to Do: Build a portfolio of Singapore stocks offering stable dividends, such as REITs or blue-chip companies.
  • Difficulty: Moderate to Challenging
  • Why: Requires initial capital and research to pick the right stocks.

7. Use Public Transport or Bikes Instead of Owning a Car (Save)

  • What to Do: Stick to MRT, buses, or bike-sharing services instead of owning a car, which incurs COE, petrol, insurance, and maintenance costs.
  • Difficulty: Moderate
  • Why: Adjusting to the public transport schedule might be inconvenient for some, but it saves substantial money.

8. Maximize CPF Contributions (Save/Earn)

  • What to Do: Voluntarily top up CPF to earn interest on your Special Account (4%–5%) or use schemes like the Retirement Sum Topping-Up Scheme (RSTU).
  • Difficulty: Moderate to Challenging
  • Why: Tied up until retirement, so it requires good liquidity planning.

9. Rent Out a Spare Room or Home (Earn)

  • What to Do: Rent out extra rooms to expats or students for passive income. Ensure compliance with URA regulations.
  • Difficulty: Challenging
  • Why: Requires investment in property or adapting your space to be tenant-friendly.

10. Participate in Government Support Schemes (Save)

  • What to Do: Use schemes like Baby Bonus, GST vouchers, SkillsFuture Credits, or Workfare Income Supplement (WIS).
  • Difficulty: Easy
  • Why: Application processes are straightforward but often overlooked by eligible individuals.

Let's take a closer look at decluttering and selling unused items. 

Here’s a detailed guide to decluttering and selling unused items in Singapore:

Steps to Declutter and Sell Unused Items

Step 1: Organize and Identify What to Sell

  • Strategy:
    • Sort your belongings into categories: clothes, electronics, furniture, books, and toys.
    • Use the 1-year rule: If you haven't used it in a year and it has no sentimental value, consider selling it.
  • Tip: Start with high-value items like gadgets or branded products, which tend to sell quickly.

Step 2: Take Good Photos

  • Why: Attractive, clear photos increase the chances of a sale.
  • How:
    • Use natural lighting and a clutter-free background.
    • Take photos from multiple angles.
    • Highlight unique features or include close-ups of labels and brand marks for authenticity.

Step 3: Choose the Right Platform

  • Popular marketplaces in Singapore:
    1. Carousell: Best for almost everything, particularly fashion, gadgets, and furniture.
    2. Facebook Marketplace: Great for furniture and larger items.
    3. Shopee: Excellent for hobbyist items, crafts, or bulk sales.
    4. Cash Converters: For selling items quickly at physical outlets.
    5. Recycle@Mandai: If you're decluttering old tech for eco-friendly reasons (sometimes they pay for usable parts).
    Platform Matching:
    • Electronics/Gadgets: Carousell, Facebook Marketplace
    • Clothes/Accessories: Carousell, Style Tribute (for luxury brands)
    • Furniture: Facebook Marketplace, Carousell

Step 4: Price It Right

  • Research current prices for similar items on the platform you’re using.
  • Price slightly above your target so you have room to negotiate.

Step 5: Write a Great Listing

  • Key elements of a good product description:
    • Title: Clear and concise. E.g., "Pre-loved iPhone 12 (128GB) in Excellent Condition"
    • Condition: Indicate new, like new, or used. Be transparent about flaws.
    • Reason for Sale: Builds trust (e.g., "Upgrading my phone").
    • Keywords: Help buyers find your listing through searches.

Step 6: Secure Transactions

  • Meet buyers in public areas like MRT stations or shopping malls.
  • Use cashless options (PayNow, PayLah) for secure payments.
  • Ship items if possible; charge for shipping or include it in your price.

Challenges and Tips

  1. Challenge: Lowball Offers

    • Tip: Stay firm but polite. Let buyers know you’re open to reasonable offers.

  2. Challenge: Time-Consuming Negotiations

    • Tip: Set a fixed price for items in high demand or bundle items to increase appeal.

  3. Challenge: Unsold Items

    • Tip: Lower the price or bundle items with popular ones. Alternatively, donate to charities like Salvation Army.

Difficulty Rating: Easy to Moderate

  • Easy: Selling items like gadgets, furniture, or branded items due to high demand.
  • Moderate: Clearing out less valuable items like books or basic clothing can require more patience.
I have sell on Carousell and also on ebay. 
Here’s a guide with platform-specific setup tips, listing templates, and negotiation strategies:

Platform Setup Tips

1. Carousell

  • Account Setup:
    • Use a clear profile photo and a trustworthy username.
    • Complete the “About Me” section briefly, e.g., "Selling pre-loved items in great condition. Open to reasonable offers!"
  • Boost Visibility:
    • Use hashtags related to your item (e.g., #electronics #furniture).
    • List items during peak browsing hours (after 6 PM on weekdays or weekends).

2. Facebook Marketplace

  • Account Setup:
    • Use a profile with a good track record to build trust (if new, ask friends to give you reviews).
    • Leverage groups like “SG Garage Sale” or niche-specific groups (e.g., “Buy/Sell Kids Items Singapore”).
  • Boost Visibility:
    • Cross-post your listing to relevant groups.
    • Respond quickly to inquiries to keep your listing active.

3. Shopee

  • Account Setup:
    • Use the "Pre-Loved" category to appeal to thrifty buyers.
    • Participate in campaigns if your product fits.
  • Boost Visibility:
    • Offer free shipping (build it into your price).
    • Enable Shopee Ads for small additional reach.

Listing Templates

Template for Electronics (e.g., Phone):

Title: Pre-loved Samsung Galaxy S21 (256GB), Excellent Condition
Description:

  • Bought in [Month/Year], well-maintained, no cracks.
  • Comes with original box, charger, and receipts.
  • Battery health: XX%.
  • Selling as I’m upgrading to a new phone.
  • Price: $XXX (negotiable). Fast deal preferred!
  • Meet-up at MRT stations or delivery at $X.

Template for Clothes (e.g., Branded):

Title: Zara Dress (Size M), Worn Once
Description:

  • Bought for [$X], selling for [$Y].
  • Classic fit, perfect for formal or casual wear.
  • Like new, no stains/tears.
  • Meet-up at X MRT or free delivery for purchases over $XX.

Template for Furniture:

Title: Ikea Study Desk (White), Excellent Condition
Description:

  • [Dimensions], sturdy build, suitable for study or work.
  • Originally purchased for $XXX, selling at $XXX.
  • Disassembled for easy transport; buyer arranges pick-up.
  • Located near [area].

Negotiation Strategies

  1. Be Polite but Firm

    • Respond to lowballers with:
      “Thank you for your offer, but I’m looking for a fair price closer to my listed amount.”

  2. Set Boundaries

    • Include terms like “No lowball offers” or “Prices slightly negotiable” in your description.
    • Offer small discounts if buyers buy multiple items from you.

  3. Create Urgency

    • Use phrases like:
      “Only available this week.”
      “Fast deals preferred—discount for quick payment!”

  4. Bundle Discounts

    • For small items, offer bundles: “$20 each, or $50 for 3.”
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Compare the last 20 years in Stocks S&P500 vs Real Estate vs Fixed Deposits returns

Here’s a comparison of the historical returns of S&P 500 stocks, real estate, and fixed deposits (bonds/cash equivalents) over the last 20 years:

Asset ClassAverage Annual Return (Last 20 Years)Key Insights
S&P 500~10.4% (Including dividends)Stocks have shown strong growth with high volatility and large swings during events like the 2008 financial crisis and the 2020 pandemic. The average return includes dividends​
Investopedia
​
Elevation Equities
.
Real Estate (U.S.)~5.5% (Median growth)Real estate appreciated at a lower annual rate compared to stocks, but provides a stable, less volatile return​
Elevation Equities
​
Investopedia
. Returns can differ by region and are influenced by market dynamics such as supply and demand​
Quantified Strategies
.
Fixed Deposits / Bonds2-4% (Varies by country)Fixed income assets like government bonds offer low returns with minimal risk. In the current low-interest environment, these rates have been even more subdued​
Quantified Strategies
.

Over the last two decades, stocks, represented by the S&P 500, have offered the highest average annual return, though with more volatility. Real estate has shown a more stable but lower rate of return, while fixed deposits or similar low-risk assets like bonds have provided the least return, especially with inflation-adjusted rates.

These averages should be considered with the understanding that past performance doesn’t guarantee future results, and personal circumstances (taxes, fees, leverage, etc.) also play a crucial role in final returns

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Successful streamers in the world

As of late 2024, some of the top streamers across platforms like Twitch and YouTube Gaming continue to draw impressive viewership. Leading the pack in terms of followings, viewership, and influence are streamers like:

  1. xQc (Félix Lengyel) - A former Overwatch professional player, xQc is now a staple in variety streaming, attracting millions of followers on Twitch​
    Wikipedia
    ​
    Fourthwall
    .
  2. Pokimane (Imane Anys) - Known for her wide array of content, from gaming to “Just Chatting,” Pokimane continues to be one of the most influential female streamers​
    Fourthwall
    ​
    Streams Charts
    .
  3. Kai Cenat - This powerhouse streamer is rapidly gaining followers, particularly for his energetic and unpredictable streams, often with large-scale collaborations​
    Fourthwall
    .
  4. Ibai - Famous in the Spanish-speaking community, Ibai is renowned for his esports coverage, especially League of Legends​
    Fourthwall
    ​
    Streams Charts
    .
  5. Shroud (Michael Grzesiek) - Though he’s ventured into YouTube gaming, Shroud remains one of the most influential and skilled streamers in FPS genres​
    Wikipedia
    .
  6. Auronplay - A well-known variety streamer, he’s popular for his engaging interactions and variety streams​
    Wikipedia
    .

These top creators are driven by engaging, consistent content, strong community interaction, and strategic branding, contributing to their significant influence within the streaming world​

Fourthwall
. For an in-depth look at the full list of the 100 top streamers, resources such as StreamscCharts, Wikipedia, and other websites tracking streaming metrics can provide detailed rankings.

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Cheat days when you do intermediate fasting every day

I have practicing intermediate fasting from 31 Dec 2024 till now. I have also up my fasting from 16 hours to 24 hours to see how far i can fast without any food. So far i have go to only 24 hours and i did not see any noticeable changes to my blood pressure. It is still maintaining at 110/80+. I believe that the food i consume is the key. Do note. CNY is definitely around the corner and i will definitely want to enjoy a bit for the 2 days. Do note balance is the key. These are the points i will note when i do the cheat. 

1. Balance Is Key

  • Cheat Days vs. Cheat Meals: Instead of an entire "cheat day," consider a cheat meal where you indulge once during your eating window.
  • Stick to your fasting schedule even if your eating choices vary; this keeps your fasting pattern consistent.

2. Plan Your Cheat Days

  • Choose social events or special occasions for your cheat days to align with your fasting and personal life.
  • Return to your normal fasting routine the next day.

3. Avoid Guilt

  • One cheat day won’t ruin your progress if it’s occasional.
  • View it as part of a sustainable approach rather than a "failure."

4. Be Mindful of Overeating

  • Even on cheat days, listen to your hunger cues and avoid binge eating.
  • Overeating can cause discomfort and disrupt the benefits of fasting, like maintaining stable blood sugar levels.

5. Stay Hydrated

  • Drinking water, herbal tea, or black coffee during your fasting period can help manage cravings even after a cheat day.

6. Monitor Your Body’s Response

  • Some people find that cheat days help them stick to IF long-term, while others feel sluggish or find it harder to return to their routine.
  • Experiment with what works best for your body and goals.

7. The 80/20 Rule

  • Aim to follow your IF routine 80% of the time and allow 20% for flexibility.
  • This balance allows you to enjoy life without sacrificing progress.

Final Tip

If cheat days or meals are frequent, consider re-evaluating your fasting schedule or eating approach to ensure it aligns with your goals while remaining enjoyable

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What are the tools for streamer?

Streamers use a variety of tools and software to enhance their broadcasts, improve stream quality, and manage their channels. Here's a breakdown of essential tools for streamers:

1. Streaming Software

  • OBS Studio: One of the most popular and free streaming software for video and audio streaming. It offers powerful features, including custom scenes, transitions, and sources.
  • Streamlabs OBS: Built on OBS Studio but more user-friendly, with additional features like widgets, built-in alerts, and easy integration with Streamlabs services.
  • XSplit: Another streaming software with paid and free versions that offers ease of use and customization options. It's commonly used for live streaming and video production.

2. Audio and Video Equipment

  • Microphones: A high-quality microphone (like the Blue Yeti or Shure SM7B) helps improve stream audio quality.
  • Webcams: A quality webcam like the Logitech C920 enhances video streaming.
  • Capture Cards: Devices such as Elgato Game Capture are essential if streaming console games or any content that requires video input from an external device.
  • Green Screen: Optional for streamers looking for a more professional look, allowing for background removal or a custom environment.

3. Graphics and Overlays

  • Stream Overlays: Customize your stream with overlays for alerts, facecams, and chat windows. Services like OWN3D and Streamlabs offer premade designs, while some streamers opt to create custom ones.
  • Stream Alerts: Alerts for when someone subscribes, follows, or donates, usually provided by platforms like Streamlabs or StreamElements.
  • Widgets: These include donation bars, follower counts, or any other data points streamers want to show on the screen.

4. Chat and Interaction Tools

  • StreamElements or Streamlabs: Provide tools like alerts and chatbots to manage interactions during the stream.
  • Nightbot: A customizable chatbot that automates moderation, sends automated messages, and can add fun commands to enhance the community's interaction.
  • Moobot: Another chatbot that can be customized to perform various functions on the stream.

5. Streaming Platforms

  • Twitch: One of the most popular platforms for gamers and casual streamers.
  • YouTube: Ideal for streamers who want to create both live streams and video content for on-demand viewing.
  • Kick: A new contender that focuses on live-streaming with favorable monetization options.
  • Trovo: Similar to Twitch, this is another streaming platform that supports live game streaming.

6. Monetization Tools

  • Patreon: A popular platform for streamers to receive funding directly from viewers in exchange for special perks.
  • Streamlabs or PayPal Donations: Integrated donation tools where fans can support their favorite streamers through direct contributions.
  • Ad Revenue: Streaming platforms, such as Twitch and YouTube, offer ways for streamers to earn money through advertisements placed during their streams.

7. Viewer Engagement and Analytics

  • Streamlabs and Social Blade: Helps streamers track performance, statistics, and growth.
  • Discord: Community management tool for building and growing a loyal fanbase where viewers can interact with the streamer off-stream.
  • Chatbots like Deepbot or StreamElements for automating tasks, including currency systems and rewards.

8. Performance and Stability

  • OBS Optimizer: Helps optimize your system’s settings to avoid frame drops and improve performance.
  • Speedtest: It helps to ensure your internet speed is suitable for smooth streaming.
  • Stream Deck: A physical device that streamers use to quickly manage stream settings, scenes, and triggers for easy transitions or special effects during the stream.

Combining the right tools depends on your specific needs, stream goals, and preferences. Using a combination of high-quality hardware, effective streaming software, and engagement tools can elevate the overall experience for both the streamer and the audience


The costs for streaming tools can vary significantly based on whether you're looking for free or premium options and the level of quality you're aiming for. Below is a breakdown of common streamer tools and their typical costs:

1. Streaming Software

  • OBS Studio: Free
  • Streamlabs OBS: Free (with optional premium features through Streamlabs Prime)
  • XSplit:
    • Free: Basic features (with watermarks).
    • Premium: Starts around $5/month for the personal license or $10/month for a broadcaster license.

2. Audio and Video Equipment

  • Microphones:
    • Blue Yeti: Approximately $120 - $150 USD.
    • Shure SM7B: Around $400 USD.
  • Webcams:
    • Logitech C920: Around $70 - $100 USD.
    • Logitech Brio (4K webcam): Around $200 USD.
  • Capture Cards (for consoles/advanced streaming setups):
    • Elgato HD60 S: Around $180 USD.
    • Elgato 4K60 Pro: Around $400 USD.
  • Green Screen:
    • Affordable options from $50 - $100 USD.
    • Professional quality green screens or setups can cost $200 - $500 USD.

3. Graphics and Overlays

  • Free Stream Overlays: Available through platforms like Streamlabs and various open-source communities (cost: free).
  • Paid Overlays: Ranges from $10 - $100+ USD depending on the complexity and custom nature.
  • Stream Alerts: Free for basic features; however, you can buy premium packages for additional designs, typically ranging from $10 to $50 USD.

4. Chat and Interaction Tools

  • Nightbot: Free, with optional premium subscriptions for additional features (starting at $2.99/month).
  • Moobot: Free, with optional premium options for advanced features like loyalty rewards (starting at $2/month).
  • Streamlabs Chatbot: Free with advanced features available in Streamlabs Prime at $19/month.

5. Streaming Platforms and Monetization

  • Twitch: Free to stream, but you’ll need to join the Partner or Affiliate program for monetization. Twitch takes a 50% cut on subscription revenue.
  • YouTube: Free to stream, but monetization is available through ads (with YouTube taking a percentage) or via channel memberships (requires 1,000+ subscribers).
  • Patreon: Free to join, but takes a 5% to 12% cut depending on the plan you choose.
  • PayPal: No upfront cost; fees are typically 2.9% + $0.30 per transaction for donations.
  • Streamlabs Donations: Free, but they take a cut of about 5% from donations, or you can use a free PayPal donation link.

6. Performance and Stability Tools

  • OBS Optimizer: Free plugins are available, but some premium tools may have associated costs (e.g., Streamlabs Prime at $19/month for exclusive optimizations).
  • Speedtest: Free to use (though advanced features may come with a subscription through Ookla).
  • Stream Deck:
    • Elgato Stream Deck (15 keys): Around $150 USD.
    • Elgato Stream Deck Mini (6 keys): Around $80 USD.

7. Viewer Engagement and Analytics

  • Streamlabs or StreamElements: Free basic features, premium options cost $19/month (Streamlabs Prime).
  • Discord: Free, with premium options like Discord Nitro for additional features starting at $9.99/month.
  • Social Blade: Free for basic statistics; pro plans starting at $3.99/month for more advanced features.

8. Subscription and Premium Add-Ons

  • Streamlabs Prime: $19/month or $149/year for additional features, including custom overlays, advanced chat bots, premium alerts, and detailed stream analytics.
  • Streamyard: Web-based service for streaming to multiple platforms. Costs range from $25/month for the basic plan to $49/month for the premium one.

Total Costs for Getting Started:

If you're just starting and want a budget-friendly setup:

  • Basic streaming setup (OBS Studio, Logitech webcam, and free overlays) could cost around $150 - $250 USD.
  • Mid-range setup (good microphone like Blue Yeti, capture card, basic Stream Deck, and overlays) would range from $500 - $800 USD.
  • Professional setup (high-quality microphone like Shure SM7B, professional capture cards, green screen, and advanced Stream Deck) could easily cost between $1,000 - $2,000+ USD.
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How much does a starting streamer earn per year?

 The earnings for a starting streamer in 2024 can vary greatly based on their audience size, engagement, and monetization strategies. Typically:

  1. New Streamers: Beginners on platforms like Twitch often make little to no money until they achieve "Affiliate" status. At this stage, they can earn through subscriptions, ads, and bits. Starting earnings are modest, often under $1,000 annually unless they gain significant traction quickly.

  2. Growing Streamers: Those with consistent audiences of 50-100 average viewers can make between $100 to $1,000 monthly through subs, donations, and ad revenue. For a small but dedicated following, annual earnings could range from $1,200 to $12,000​

    Millennial Money
    ​
    NewsReports
    .

  3. Content Diversification: Successful monetization often involves diversifying income through merchandise, YouTube ads (for repurposed content), sponsorships, and Patreon. Combining these can add an additional $500 to several thousand dollars per year depending on scale​

    Millennial Money
    ​
    NewsReports
    .

To grow your income, focus on consistent streaming schedules, engaging content, marketing your channel on social media, and fostering an active community. While it might take time to grow, treating streaming like a business increases the odds of long-term success.


The average yearly income for a streamer in the United States varies based on their audience size and engagement:

  1. Small Streamers:

    • Starting streamers or those with a small, consistent viewership can earn an estimated $10,000–$20,000 annually through subscriptions, donations, and ads. Growth at this level is slow, and income tends to supplement other work.

  2. Mid-Tier Streamers:

    • Streamers averaging around 500-5,000 viewers per stream make approximately $60,000–$360,000 annually, depending on factors like sponsorships, viewer activity, and merchandise​
      NewsReports
      .

  3. Average Full-Time Live Streamer:

    • An average full-time live streamer with moderate success earns between $33,000 and $43,000 annually, excluding sponsorships or additional monetization​
      Salary.com
      .

Top-performing streamers, however, achieve significantly higher earnings, often through larger audiences, sponsorship deals, and diversified revenue sources, such as merchandise and YouTube content​

NewsReports

​

Salary.com
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How to be a streamer in 2025 to stream retrogaming and be successful

 To become a successful retro gaming streamer in 2025, you’ll need to combine great content with strong branding, community engagement, and strategic planning. Here’s a step-by-step guide to set yourself up for success:

1. Define Your Niche and Identity

Retro gaming has broad appeal, but narrowing your focus helps attract a loyal audience. For example:

  • Focus on a specific console or era (e.g., 90s SNES, Sega Genesis).
  • Create themes like “hidden gems,” speedrunning classics, or completing the hardest retro games.
  • Consider leveraging nostalgia by engaging viewers with games they may have forgotten.

Craft an on-brand personality or streaming identity (e.g., humorous commentary or deep retro-game knowledge).

2. Optimize Your Streaming Setup

A professional, smooth setup is essential for success:

  • Capture Hardware: Use devices like Elgato HD60 for connecting retro consoles to modern PCs. Emulators may also work but research legal aspects.
  • Streaming Software: Use OBS Studio or Streamlabs for layout customization and overlays (with nostalgic themes).
  • High-Quality Microphone and Camera: Audio clarity and facial reactions enhance viewer engagement.

For retro gaming, retro-style layouts or overlays will complement your theme.

3. Build a Unique Value Proposition

Set yourself apart by offering value beyond gameplay:

  • Host retro game trivia or deep dives into history and lore.
  • Offer "challenges" where viewers pick obscure games for you to play.
  • Review hardware and gaming peripherals.

Developing creative "mini-events" can hook viewers.

4. Choose the Right Platforms

Each platform has pros and cons:

  • Twitch: Best for live streaming. Great community tools and potential to reach niche audiences.
  • YouTube: Ideal for evergreen content like tutorials, highlights, or retro game analyses.
  • TikTok & Instagram: Post short, engaging clips to attract a younger audience.
  • Consider combining platforms to diversify content delivery and audience reach.

5. Be Consistent and Authentic

  • Establish a regular schedule to make it easy for fans to tune in.
  • Be genuine. Your passion and authenticity for retro gaming will resonate.
  • Engage with viewers actively. Acknowledge chat comments and build rapport.

6. Leverage Community Engagement

  • Create a Discord server for viewers to interact outside your stream.
  • Host viewer games, polls for what to stream, or Q&A sessions about gaming history.
  • Collaborate with other retro gaming streamers to broaden your exposure.

7. Use Marketing Strategically

  • Social Media: Post clips of your best moments or funny highlights on platforms like Twitter, Instagram, and TikTok.
  • SEO Optimization: Use relevant tags and descriptions on YouTube and Twitch (e.g., #RetroGaming, #RetroTwitch).
  • Partnerships: Team up with retro gaming forums, communities, or hardware resellers for sponsorships or collaborations.

8. Monetize Creatively

Besides Twitch subscriptions or YouTube monetization, consider:

  • Offering exclusive retro-game content on Patreon.
  • Selling merch with nostalgic branding or your unique identity.
  • Seeking sponsorships from retro accessory makers, gaming cafes, or emulator software developers.

9. Evolve Constantly

The gaming and streaming ecosystem changes fast. Keep track of trends:

  • Explore VR retro re-releases or AI-assisted games if they become popular.
  • Be flexible with content and adapt to what your audience loves.

10. Study Successful Streamers

Follow popular retro streamers for insights, such as:

  • How they engage their audiences.
  • Their layout designs and unique hooks.
  • Their collaboration strategies

Custom Retro Gaming Streaming Schedule

Guidelines for Your Schedule:

  1. Regular Streaming Times:

    • Stream at consistent days and times to help viewers remember and tune in regularly.

    • Consider your target audience's timezone; retro gaming attracts older audiences who may watch during evenings or weekends.

  2. Balance Variety and Routine:

    • Rotate between themed sessions (e.g., "90s Throwback Night," "8-Bit Speedruns"), multiplayer events, and special challenges to keep content fresh.

  3. Use Breaks Strategically:

    • Add intermissions for chat interactions, hydration, or mini Q&A sessions to strengthen engagement.

Sample Weekly Schedule

DayTime (Target Audience)Theme/Content
Monday6 PM - 9 PM (US Audience)Retro Multiplayer Mondays: Co-op or Vs. games w/ chat input
TuesdayDay offOffline - Use for content editing, planning, or rest
Wednesday7 PM - 10 PM (US Audience)Hidden Gem Wednesday: Explore lesser-known retro games
Thursday8 PM - 11 PM (US Audience)Retro Dev Showcase: Deep dives into retro game lore/design
Friday6 PM - Midnight (US Audience)Viewer Choice Friday: Viewers vote on which game to play
Saturday3 PM - 7 PM (US Weekend Slot)Speedrun Saturdays: Attempt new speedrun records
Sunday5 PM - 9 PM (Relaxed US Evening)Chill & Chat Sunday: Casual retro playthroughs w/ discussions

Special Events:

  1. Monthly Retro Marathon:

    • Play through an entire retro game (or series) in one stream.

    • Collaborate with other retro gaming streamers for multi-channel events.

  2. Seasonal Themes:

    • Introduce content based on seasons, e.g., Halloween horror games, holiday classics.

  3. Sub or Follower Milestones:

    • Host a giveaway, AMA, or special request day.

Tips to Stay Consistent

  1. Announce Schedule:

    • Use Twitch panels, Discord, and social media to keep followers updated weekly.

  2. Backup Content Plans:

    • Keep a list of games for filler streams in case planned sessions fall through.

  3. Healthy Streaming Habits:

    • Include breaks for hydration, stretching, and snack breaks.

    • Limit streams to 3-6 hours to avoid burnout.

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Intermediate Fasting trial for myself to resolve my sleeping issues and high blood pressure

Netflix show "Don't Die, the Man who wants to live forever"

I just watched the Netflix show on "Don't Die, the Man who wants to live forever". I am also the you-tube subscriber to Bryan Johnson. The man who is in the show as well. Back then in 2024 I joined his channel and watched a couple of his videos and take inspiration on the things that he do. He reclaimed his health back by doing a good diet, exercise and sleeping well. With his new show, he is on a mission to defy odds to stretch the human years of 120 and beyond and his main motivation is to have spend as much time as possible with his family and beyond. I am totally subscribed to that. 


My Blood Pressure went Up again end 2024

I have been having sleepless nights from 2022 till now. I have been exercising and watch my diet and also hoping to sleep well. I even got a Cpap machine. Unfortunately fast forward to new Year 2025, my blood pressure goes up again. Although people may say that i should not have high blood as my physics is of asian built and i'm' only 1.63m tall weighing 61kg which is within the acceptable weight for my height. Some say is stress related. However i know deep inside is not. I've been only getting about 5hours average of good sleep and sometimes less. This has great affected my recovery as i also go to gym once a week and getting up countless times in the middle of the night is not helping.

With my blood pressure reaching 170/105, i have to take medication to control my blood pressure. Good thing i have across Bryan Johnson and also understand about intermediate fasting. This is definitely a game changer for me to control my blood pressure and also to have better sleep quality. From 1st Jan 2025, i have been slowly eased towards the intermediate fasting diet to bring down my blood pressure and also improve on my sleep quality. The results are stunning. With the 3 days that i have been doing that. My blood pressure has gone from 170/105 to 111/91. My diastolic pressure is still high and i will continue to do the intermediate fasting until my blood pressure returns to normal. My target is to wean off the medication that i have to take. My target is to do intermediate fasting for 30 days and see what are the results. 

As i do my research on youtube, i come across Dr. Berg's youtube whereby i come to understand my blood pressure spike and also my low quality of sleep is due to my insulin resistance have gone up. With the insulin resistance not being easily diagnosed, the other health results from the body check up may not show anything. I believe that due to my insulin resistance that is high, it have really affected my ability to have a good sleep and also my blood pressure. That is why my blood pressure has been so high and the ability to have good sleep. So if you are having high blood pressure and bad sleep, it could be due to the insulin resistance that is high. 


Using Chatgpt. 

Here are 10 practical steps to start and successfully practice intermittent fasting:

Step 1: Set a Clear Goal

Decide why you're fasting—weight loss, better metabolism, energy levels, or overall health. Your goals will guide your choice of fasting methods.

Step 2: Choose a Fasting Method

Pick a method suitable for your lifestyle:

  • 16/8: 16-hour fast with an 8-hour eating window (most popular). I use this and i skipped breakfast, only taking lunch as my first meal as my lunch hour is from 12pm onwards which make it more practical for implementation.

Step 3: Gradually Transition

If you're new to fasting, start with a 12/12 split (e.g., fasting for 12 hours and eating for 12 hours), then increase the fasting window by an hour every few days. On my first day, i was able to stretch till 11am in the morning before i eat and gradually go to 12pm for the next few days. 

Step 4: Plan Your Eating Window

Decide when to eat based on your routine. For example:

  • If you skip breakfast, your window might be 12 PM–8 PM. This is the current window period i use.

Step 5: Focus on Quality Nutrition

During your eating window:

  • Prioritize whole foods: lean proteins, vegetables, healthy fats, and whole grains.
  • Avoid processed foods and high-sugar snacks to maximize fasting benefits.

Step 6: Stay Hydrated

  • Drink water, unsweetened tea, or black coffee during the fasting period.
  • Hydration reduces hunger and supports overall health.

Step 7: Time Your Workouts

  • Schedule moderate exercise during your fasting or eating windows.
  • For high-intensity workouts, it's better to exercise after eating.

Step 8: Break Your Fast Smartly

  • Begin with light, easily digestible foods such as fruit, nuts, or soup.
  • Follow with a balanced meal to prevent overeating.

Step 9: Monitor Your Body

Pay attention to:

  • Energy levels, hunger signals, and focus.
  • Adjust fasting length or eating habits if you feel fatigued or overly hungry.

Step 10: Be Consistent but Flexible

  • Stick to your chosen schedule most of the time.
  • Allow for occasional adjustments for social events, holidays, or health needs.

Bonus Tip:

Track your progress with a journal or app to log meals, fasting hours, and how you feel. This can help you refine your routine and stay motivated!

 

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Healthy lifestyle 2025

It is the start of year 2025. Healthy lifestyle is very important. This will pay dividends during later part of my life. In my earlier blogpost i have shared how i manage to keep my hypertension in control by doing exercise every day and eating fruits and keep to a DASH diet as much as i can. However i neglected in drinking water. My recent blood test in November shows that i have high amounts of creatine and also my kidney function is as well as a normal 47 years old. From the consultation with the medical practitioner, it hits me that it could be due to the amount of water i am drinking per day. I have now strive to drink 2liters of water per day to keep myself hydrated and also to provide water to my kidneys which are very important. I have also shared a link below for you to take a look on how much water you should drink per day. Take care everyone and be well and healthy. 


Water Intake Calculator - How much water should you drink per day?

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New Year 2025

It is the start of the new year in 2025. 

I have accomplished an important milestone. I have max out my wife's special account with her contributing to it. So both of us when we reach the age of 55, we will be able to set aside the minimum sum of $227,500 (if it does not grow beyond that in 2027) for our full retirement sum. Based on forecast, i should be able to reach the enhance retirement sum which is 2 times of the FRS with my special and ordinary account combined. My wife may have some shortage to meet the ERS but i plan to top up in cash for her. This is because i would like to have a steady stream of income from age 65 onwards. Target to have $4,000 per month each. Total of $8,000 per month which roughly comes up to $96,000 or almost $100k per year. This will be sufficient to enable us to leave a comfortable life from 65 onwards.  


My next milestone in 2025 is to pay off the mortgage of my house. How do i plan to achieve this? By increasing the mortgage payment of my house monthly. The mortgage of my house is about $38.5k left. Mi and my wife should be able to repay it by Dec 2025. Which means we will have money accumulate in our ordinary account as we work towards age of 55 to put aside the money for enhance retirement sum.


My other goals for 2025.

- To continue to write on my blog and achieve adsense for my blog. I have been doing for the past 1 year. I hope to achieve adsense.

- To celebrate hitting my wife special account max up, we are planning a trip to Japan in June 2025. Being the budget conscious guy i am, we are targeting a budget of $5k for this trip with my 2 daughters. 

- A cruise with my family and my mother and maid by Dec 2025. Target a budget of $3.5k to $4k as the last cruise that we had is about $3.2k

- To continue to learn indonesian language for Duolingo for the year 2025

- To build up my stock dividend portfolio to target $30k per year. Right now is $15k+. By target bank stocks, reits, and any stocks that have great business and high dividend yields




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5 Money Habits when you are young to cultivate

 

1. Learn to Save Consistently

  • Why it’s important: Saving teaches discipline and prepares for future needs or goals.
  • How to cultivate it:
    • Encourage saving a portion of any allowance, gift money, or part-time job earnings.
    • Use jars or labeled envelopes for goals like "Savings," "Spending," and "Giving."
    • Open a savings account and regularly deposit money to watch it grow over time.

2. Practice Budgeting

  • Why it’s important: Understanding how to manage money helps prevent overspending and builds financial responsibility.
  • How to cultivate it:
    • Teach them to allocate their money (e.g., 50% savings, 30% spending, 20% giving).
    • Use simple budgeting tools like a notebook or apps for older teens.
    • Involve them in planning small budgets for outings, school supplies, or personal projects.

3. Distinguish Between Needs and Wants

  • Why it’s important: Helps develop thoughtful spending habits and avoid impulsive purchases.
  • How to cultivate it:
    • Discuss the difference between needs (essentials like food and clothes) and wants (luxuries like toys or gadgets).
    • Encourage them to wait before buying something to evaluate if it’s truly necessary.
    • Set goals for "wants" and help them save up rather than buying impulsively.

4. Earn Money Through Effort

  • Why it’s important: Earning money instills a sense of responsibility and an appreciation for its value.
  • How to cultivate it:
    • Offer age-appropriate chores or tasks in exchange for pocket money.
    • For teenagers, encourage part-time jobs, babysitting, or selling handmade goods.
    • Teach them how hard work can lead to greater financial freedom.

5. Learn Basic Financial Literacy

  • Why it’s important: Knowledge about money lays the foundation for smart financial decisions.
  • How to cultivate it:
    • Introduce simple concepts like saving, interest, and investing through books or games.
    • Use educational tools like Monopoly or apps like PiggyBot to teach money management.
    • Discuss family finances (e.g., household budgets, grocery shopping) in age-appropriate ways.

Bonus Tips for Parents

  • Be a role model: Demonstrate smart financial habits in your own life.
  • Celebrate milestones: Reward them for reaching savings goals or making smart money decisions.
  • Make it fun: Use stories, games, and real-life scenarios to keep financial lessons engaging.

By teaching these habits, children and teens can grow into financially savvy adults who know the value of money and how to use it wisely.

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End of the Year 2024 reflections

 It is coming to the end of 2024. 

Firstly i would like to thank everyone who have come to my blog. I first started the blog 10+ years ago. This was my first entry to blogging and would like to thank google for it. I have on and off been writing articles and uploading photos of the journey i have taken. This year 2024 i have make a point to write 3 blog post per week and constantly upload all the information. I wanted to earn some passive income while i blog about the things that i like. Also to gain some followers as well. It has been an eventful year. With stock market going all time high in S&P 500 and also the wars going around internationally. The world indeed is exciting and not boring at all.

Reflections and for 2025

1. I have stuck to my goal of exercising every day for 1/2 hour daily jog and push ups for the past 1 year. Except for holidays and sick, I manage to clock 350 days of jogging with average of 4.5 km per day which works out to 1500 km per year. Drinking water is also good. Over my last 3 weeks in Dec 2024, i have strive to drink at least 2 liters of water per day and practice good sleep hygiene. 

2. I have invested regularly into the S&P 500 from 2023 Jan till now. In total it has rise to 28% in the portfolio which I will continue to invest until 2032. Target of 10 years. 

3. I have do a daily Duolingo of the Indonesian language and i have diligently practice it. Although I still cannot comprehend what the locals are saying. I have been able to pick up words and verbs of it. So still a beginner but I will continue to improve on it.

4. I will still write on the blog but i will focus more on how save money in terms of bulk purchase or value proposition or doing more on spreading the cash incentive. In other words whatever money i can bring in with minimum skill sets.

5. I will continue invest in local SG stock market to create a dividend passive income for years to come. I am at 5 figures dividend income which I want to target a 6 figures dividend income. This will provide my family with passive income for life once I reach the $100k+ per year. I am currently at the $10k+ still some way to go. I want to accelerate this income with my working years. 

6. I will continue to build up my mum's portfolio income so that she is able to draw a fixed income for life. All her investments are in the fixed income which is low risk. I want to be able to have a fixed income for her for $6k per year where she will have at least $500 per month of expenditure for herself. 

7. I am looking at liquidating my other investments in HSBC life and Prudential assurance which are not really making money and i am suffering a paper loss. Once these 2 investments is my original invested amount, i will perhaps liquidate it and use it as my capital to invest myself.

8. Looking at an opportunity to learn new skill set in 2025 as i have skill future to utilized by end 2025. 

9. By end of 2025, I will be able to pay off my HDB loan and will celebrate another milestone hit. From there to further invest with my ordinary account. To target $1m in the ordinary account. This will have a passive income of $25k per year once i hit that target. 

10. Looking at credit cards promotion to get a free gift. The gift that i am looking at is a free switch. 

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How to be better in cash management

 

Strategies for Better Cash Management

  1. Create a Budget

    • Track income and expenses.
    • Categorize spending into needs, wants, and savings.
    • Use the 50/30/20 rule as a starting point: 50% needs, 30% wants, 20% savings.

  2. Set Financial Goals

    • Define short-term (e.g., saving for a vacation) and long-term goals (e.g., retirement planning).
    • Break goals into actionable steps.

  3. Build an Emergency Fund

    • Aim for 3–6 months of living expenses in a liquid account.

  4. Automate Savings and Payments

    • Use automated transfers to ensure savings and bills are managed consistently.

  5. Monitor and Reduce Debt

    • Prioritize paying off high-interest debt.
    • Avoid taking on unnecessary new debt.

  6. Optimize Spending

    • Use cashback or reward programs.
    • Look for discounts, subscriptions you don’t use, and better deals.

  7. Invest Wisely

    • Put idle cash to work through investments like high-yield savings accounts, fixed deposits, or dividend-paying stocks.

Exercises to Improve Cash Management

  1. Expense Tracking Challenge

    • Track all spending for a month. Review and categorize expenses to identify areas to cut back.

  2. Zero-Based Budgeting

    • Assign every dollar of income to a specific purpose, ensuring no unallocated funds.

  3. "No-Spend" Week or Month

    • Challenge yourself to avoid unnecessary purchases.

  4. Cash-Only Budgeting

    • Withdraw cash for discretionary spending categories and limit spending to that cash.

  5. Scenario Planning

    • Simulate how financial emergencies (e.g., job loss or unexpected medical bills) would impact your budget.

Skills to Develop

  1. Financial Literacy

    • Learn the basics of personal finance, including budgeting, investing, and credit management.

  2. Negotiation Skills

    • Practice negotiating bills, subscriptions, and interest rates to save money.

  3. Discipline and Delayed Gratification

    • Develop the habit of waiting before making non-essential purchases.

  4. Analytical Thinking

    • Use tools like spreadsheets or apps to analyze spending and find patterns.

  5. Technology Proficiency

    • Familiarize yourself with budgeting apps (e.g., YNAB, Mint, or Money Manager) and online banking tools.

Practical Tools and Resources

  • Budgeting Apps: Mint, YNAB, or Expense Manager.
  • Finance Books: The Total Money Makeover by Dave Ramsey, Rich Dad Poor Dad by Robert Kiyosaki.
  • Financial Planning Worksheets: Use templates for monthly budgets, net worth tracking, and expense categorization.
  • Communities and Courses: Join online forums or take free/paid courses on personal finance.
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10 beginner books to pick up for stock investing

If you're just starting out with stock investing, there are several great books that can provide a strong foundation in understanding markets, strategies, and the mindset required. Here's a list of 10 beginner-friendly books that can help you get started:

1. "The Intelligent Investor" by Benjamin Graham

  • A timeless classic on value investing. Graham emphasizes long-term strategies and the concept of "intrinsic value," teaching you how to invest wisely with a margin of safety.
  • Why it’s great: It’s often recommended by top investors, including Warren Buffett, for its practical advice on stock market behavior.

2. "A Random Walk Down Wall Street" by Burton G. Malkiel

  • This book explores the efficient market hypothesis and suggests that it's nearly impossible to "beat the market" consistently. Malkiel promotes the idea of indexing as a sound investment strategy.
  • Why it’s great: Offers a solid understanding of various investment approaches and encourages simplicity through index funds.

3. "Common Stocks and Uncommon Profits" by Philip Fisher

  • Fisher focuses on qualitative aspects of stock picking, such as evaluating a company's management, growth potential, and competitive advantage.
  • Why it’s great: Gives insights into how to identify long-term growth companies, a key skill for any stock investor.

4. "The Little Book of Common Sense Investing" by John C. Bogle

  • Written by the founder of Vanguard, this book advocates for low-cost index fund investing, explaining why it’s one of the most reliable strategies for long-term wealth building.
  • Why it’s great: Simple, clear, and encourages disciplined, long-term investing for beginners.

5. "One Up On Wall Street" by Peter Lynch

  • Peter Lynch, the legendary manager of the Fidelity Magellan Fund, explains how everyday investors can find great stocks before professional analysts do.
  • Why it’s great: Helps investors recognize opportunities in their daily lives and how to analyze companies.

6. "The Bogleheads' Guide to Investing" by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf

  • Based on the principles of John C. Bogle, this guide focuses on a low-cost, long-term, and diversified investment approach, with a strong emphasis on index funds.
  • Why it’s great: Simple, easy-to-understand, and practical, especially for those who want to focus on passive investing.

7. "Stocks for the Long Run" by Jeremy Siegel

  • This book provides historical insights into the performance of stocks compared to other asset classes like bonds and real estate, illustrating why stocks are a key component of long-term investment portfolios.
  • Why it’s great: Gives a long-term perspective on stock market returns and the importance of time in the market.

8. "The Little Book That Still Beats the Market" by Joel Greenblatt

  • Greenblatt introduces the "Magic Formula," a simple strategy to identify undervalued stocks with good returns on capital. It’s a quantitative approach to stock picking.
  • Why it’s great: Easy to follow and great for beginners who are looking for a systematic investment strategy.

9. "The Warren Buffett Way" by Robert G. Hagstrom

  • This book outlines Warren Buffett’s investment philosophy, focusing on his method of analyzing companies, buying great businesses, and holding them for the long term.
  • Why it’s great: Provides practical insights into how Buffett selects stocks and how you can apply similar principles.

10. "You Can Be a Stock Market Genius" by Joel Greenblatt

  • Despite its lighthearted title, this book dives into special situations like spinoffs, mergers, and restructuring to help investors uncover hidden investment opportunities.
  • Why it’s great: Offers strategies that are not covered in typical investing books, making it a valuable resource for learning beyond the basics.

These Books Are Helpful for Beginners:

  1. Foundational Knowledge: These books cover the fundamentals of stock investing—everything from understanding market behavior to analyzing stocks and building a portfolio.
  2. Different Strategies: You’ll learn a variety of investing strategies, including value investing, growth investing, index investing, and special situations.
  3. Long-term Focus: Most of these books emphasize the importance of long-term thinking and avoiding speculative behavior, which is crucial for beginners.
  4. Practical Insights: Whether you’re interested in picking individual stocks or simply understanding how markets work, these books provide actionable advice for beginners.

Let’s break down stock investing into a few common styles and recommend books tailored to each. The main styles include Value Investing, Growth Investing, Index/Passive Investing, and Technical Analysis

1. Value Investing

Value investing focuses on buying stocks that are undervalued compared to their intrinsic value. It emphasizes long-term holding and thorough company analysis.

Recommended Books:

  • "The Intelligent Investor" by Benjamin Graham
    Best for: Learning the classic value investing framework.
  • "Common Stocks and Uncommon Profits" by Philip Fisher
    Best for: Evaluating qualitative factors like management quality and growth potential.
  • "The Warren Buffett Way" by Robert G. Hagstrom
    Best for: Understanding Buffett’s method of selecting high-quality, long-term investments.

Why Choose Value Investing: If you prefer a more analytical, numbers-based approach and are willing to be patient, value investing can yield great returns over the long term.

2. Growth Investing

Growth investors look for companies that are growing faster than the market and have strong future potential, even if the stocks appear expensive based on current metrics.

Recommended Books:

  • "One Up On Wall Street" by Peter Lynch
    Best for: Learning how to find growth companies in everyday life.
  • "How to Make Money in Stocks" by William O’Neil
    Best for: Combining growth investing with technical analysis and using the CAN SLIM method to identify growth stocks.
  • "Growth Investing: A Guide for Beginners" by Glenn Pierson
    Best for: A focused beginner’s guide to growth stock investing and understanding what makes companies poised for rapid expansion.

Why Choose Growth Investing: If you’re interested in fast-growing sectors like tech or healthcare and willing to take on higher risks for potentially higher rewards, growth investing may be your style.

3. Index/Passive Investing

Index investing is all about simplicity and reducing costs by investing in index funds that track a broader market, such as the S&P 500. It’s a low-effort strategy with a long-term focus.

Recommended Books:

  • "The Little Book of Common Sense Investing" by John C. Bogle
    Best for: Understanding the power of low-cost index funds and compounding returns over time.
  • "The Bogleheads' Guide to Investing" by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf
    Best for: A step-by-step guide for building a diversified portfolio of low-cost index funds.
  • "A Random Walk Down Wall Street" by Burton G. Malkiel
    Best for: Exploring the efficient market hypothesis and why passive investing often outperforms active stock picking.

Why Choose Index Investing: If you want to minimize risk, avoid stock picking, and focus on long-term wealth building with minimal maintenance, index investing is the most straightforward approach.

4. Dividend Investing

Dividend investing focuses on stocks that pay regular dividends, providing steady income in addition to potential price appreciation. Investors often look for companies with strong cash flow and stable businesses.

Recommended Books:

  • "The Little Book of Big Dividends" by Charles B. Carlson
    Best for: Learning how to find high-quality dividend-paying stocks.
  • "The Dividend Growth Investment Strategy" by Roxann Klugman
    Best for: A guide for building a growing passive income stream from dividend stocks.
  • "The Ultimate Dividend Playbook" by Josh Peters
    Best for: Practical advice on how to select dividend-paying companies with solid fundamentals.

Why Choose Dividend Investing: If you value stable returns and regular income over potential high growth, dividend investing can help you build a steady cash flow with less volatility.

5. Technical Analysis

Technical analysis involves analyzing stock price movements, charts, and patterns to make short-term or medium-term trading decisions. This approach is popular among traders rather than long-term investors.

Recommended Books:

  • "Technical Analysis of the Financial Markets" by John Murphy
    Best for: A comprehensive guide to technical analysis for beginners and intermediates.
  • "How to Make Money in Stocks" by William O’Neil
    Best for: Blending growth investing with chart-based technical analysis.
  • "Japanese Candlestick Charting Techniques" by Steve Nison
    Best for: Learning one of the most popular charting methods to interpret market moves.

Why Choose Technical Analysis: If you prefer shorter-term trading, frequent buying and selling, and using chart patterns to time the market, technical analysis may align with your goals.

6. Behavioral Investing

This style focuses on understanding how emotions, psychology, and biases influence market movements and investment decisions. It emphasizes controlling behavior to avoid common investing mistakes.

Recommended Books:

  • "Thinking, Fast and Slow" by Daniel Kahneman
    Best for: Understanding how cognitive biases impact decision-making.
  • "The Little Book of Behavioral Investing" by James Montier
    Best for: Learning how psychology and behavior influence investment mistakes and how to avoid them.
  • "Your Money and Your Brain" by Jason Zweig
    Best for: A more approachable take on how the brain reacts to money and investing, and how to manage those reactions.

Why Choose Behavioral Investing: If you want to better manage the emotional side of investing and understand market psychology, behavioral investing offers tools to avoid costly mistakes.

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Skillsets to develop in order to be good in Business

To be successful in business, developing a range of skills is essential. These skills can help you navigate challenges, grow your venture, and make informed decisions. Here are the key skillsets you should develop:

1. Financial Literacy

  • Why it’s important: Understanding how money flows in and out of your business is critical for profitability, sustainability, and growth.
  • Skills to develop:
    • Budgeting and forecasting
    • Managing cash flow
    • Reading financial statements (balance sheet, income statement, cash flow statement)
    • Understanding taxes and financial regulations

2. Marketing and Sales

  • Why it’s important: Attracting and retaining customers is at the heart of any successful business.
  • Skills to develop:
    • Digital marketing (SEO, content marketing, social media marketing, email marketing)
    • Sales techniques (negotiation, closing deals, upselling)
    • Customer relationship management (CRM) tools
    • Branding and positioning

3. Leadership and People Management

  • Why it’s important: As your business grows, you’ll need to manage a team, collaborate, and lead by example.
  • Skills to develop:
    • Team building and leadership
    • Communication and delegation
    • Conflict resolution
    • Employee motivation and engagement

4. Problem Solving and Critical Thinking

  • Why it’s important: Entrepreneurs constantly face unexpected challenges. The ability to analyze and solve problems quickly is key to staying competitive.
  • Skills to develop:
    • Analytical thinking (breaking down complex issues)
    • Creativity in finding solutions
    • Decision-making under pressure
    • Risk management

5. Time Management and Productivity

  • Why it’s important: Running a business often means juggling multiple tasks and responsibilities. Efficient use of your time can significantly impact business success.
  • Skills to develop:
    • Prioritizing tasks and setting goals
    • Delegation and outsourcing
    • Using productivity tools (Trello, Asana, Google Workspace)
    • Work-life balance strategies

6. Customer Service and Networking

  • Why it’s important: Building relationships with customers, clients, and industry contacts can lead to repeat business, referrals, and partnerships.
  • Skills to develop:
    • Active listening and empathy
    • Communication (both written and verbal)
    • Building rapport and trust
    • Networking skills (both online and offline)

7. Adaptability and Resilience

  • Why it’s important: The business environment is unpredictable, and entrepreneurs must be flexible enough to pivot when necessary.
  • Skills to develop:
    • Learning from failures and setbacks
    • Embracing change and innovation
    • Staying calm under pressure
    • Building mental toughness and grit

8. Strategic Thinking

  • Why it’s important: Growing a business requires long-term planning and thinking several steps ahead.
  • Skills to develop:
    • Business planning and strategy development
    • Market research and analysis
    • Understanding competitive advantage
    • Innovation and trend forecasting

9. Communication and Negotiation

  • Why it’s important: Clear communication with clients, partners, and employees is essential for maintaining relationships and closing deals.
  • Skills to develop:
    • Persuasive speaking and writing
    • Negotiating contracts and deals
    • Pitching ideas and products
    • Public speaking and presentation skills

10. Technical Literacy

  • Why it’s important: Technology drives efficiency and innovation in business, so knowing how to leverage it can give you a competitive edge.
  • Skills to develop:
    • Understanding digital tools (project management, marketing automation, data analytics)
    • Basic coding or web development skills
    • E-commerce platform management
    • Cybersecurity and data protection basics

11. Innovation and Creativity

  • Why it’s important: Businesses thrive on fresh ideas and solutions that set them apart from competitors.
  • Skills to develop:
    • Creative thinking to develop unique products or services
    • Idea generation and brainstorming
    • Implementing innovations in business processes or offerings

12. Legal and Regulatory Knowledge

  • Why it’s important: Understanding the legal environment is essential for staying compliant and avoiding costly legal issues.
  • Skills to develop:
    • Understanding business law (contracts, intellectual property, employment law)
    • Regulatory compliance (depending on your industry)
    • Contract negotiation and management

13. Project Management

  • Why it’s important: Being able to manage multiple projects effectively ensures that business goals are achieved on time and within budget.
  • Skills to develop:
    • Planning and setting milestones
    • Resource allocation and budgeting
    • Risk assessment and mitigation
    • Using project management software (e.g., Trello, Monday.com)

14. Emotional Intelligence (EQ)

  • Why it’s important: High EQ helps you understand, manage, and use emotional information effectively, both in self-management and in dealing with others.
  • Skills to develop:
    • Self-awareness and empathy
    • Managing interpersonal relationships
    • Conflict resolution and collaboration
    • Understanding team dynamics and motivation

How to Develop These Skills:

  • Online courses: Platforms like Coursera, Udemy, and LinkedIn Learning offer affordable courses on business topics.
  • Networking: Attend seminars, workshops, and business networking events to meet experienced entrepreneurs and mentors.
  • Practice: Start with small business projects or internships to apply the skills in real-world scenarios.
  • Books and Podcasts: Reading business books and listening to podcasts can give you insights and keep you updated with trends and strategies
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