Achieving financial freedom in Singapore

Dear SG Wealth Builder,

Sorry to message you out of the blue (you may consider to publish my email but kindly oblique my name and email).
 I am 37 as of this year and I am a civil servant (which means I cannot do part time jobs or start a business) who have difficulty achieving financial stability.

The only good thing now is that I am not in debt (finally), apart from the $10,000 medical bills incurred recently (I have a exclusion for heart) which I am paying $300 per month interest free.

I tried reading all your posts from day 1 and more or less understand your objectives and purpose of the blog. 

I am a person whom is very keen on being financially free in time to come and hope I can do it via investment. (one of the ways if i choose not to leave this current employment). 

However,  being an engineering student from polytechnic, I find it hard to kick-start my investment journey and often feel lost. Are you able to recommend me some books or what kind of topic I can look for before I can understand how this whole investment thing come about and how can I start doing it as time is definitely not on my side as I am approaching 40?

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Secret formula to win the property game

For the past two months, I was really busy with my day-job as I was tasked to be one of the course instructors for my organization. Being an instructor was really challenging because of the need to be the subject matter expert. Mastery of classroom techniques is definitely important because you have to speak confidently and at the same time, capture the participants’ attentions. And of course, there was the need to develop the course materials, which was really a chore. But to our surprise, the course turned out really well and there were a lot of engagements between the participants and the instructors. In the end, my team really enjoyed the process because we helped each other to answer the queries.Knowing what you don’t know
During that busy period, I read the e-bookNo B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets to Building Wealth through Properties” for the second time during the MRT rides to work. Property Soul gave it to me and I had written a book review for her in my previous article.The reason why I re-read the book was because I believe that to be a successful wealth builder in property investments, you must acquire the right knowledge.
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Property Soul: Dirty Truths and Profitable Secrets to Building Wealth Through Properties

 

Many Singaporeans are obsessed with property investments but not many have been successful. Some have made a windfall, while many have lost a lot of money. Those who have become rich through property investments are reluctant to share their experiences and prefer to keep a low profile. This is understandable as who would want to reveal their secrets to building wealth? Therefore, I was a bit skeptical initially when Property Soul asked me to do a book review on her newly launched book No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets to Building Wealth through Properties”. I thought that she must be a property agent trying to market her services through publishing a book on real estate investments. But after a phone chat with her, I realized that I was wrong.

Property Soul was a Hong Konger who relocated to Singapore in 1998 (she subsequently converted to Singapore citizenship). She bought her first private property for rent in 2002 and within 4.5 years, managed to build up a portfolio of 5 properties. By 2008, her total investment value doubled. She sold 4 of her properties in 2010 and 2011 and made a handsome profit of 80 to 120 percent.

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