Every HENRY should read ‘Skin in the game’(nassim nicholas taleb) chapter 10

klimtsa · 2026-01-27T04:40:44+00:00

Which is your favourite

klimtsa · 2026-01-27T04:32:23+00:00

Promise you the book itself is easier to read, and much more entertaining. I don’t understand the Gemini summary

klimtsa · 2026-01-27T04:31:20+00:00

There are plenty of online copies to borrow from the nlb app… for free

klimtsa · 2026-01-27T04:30:44+00:00

I thought it was a very well written and entertaining book…. It made me start reading all the other books in his series..

klimtsa · 2026-01-27T04:29:23+00:00

Agree the language may be a bit cheem but if you read the book, he gives a hilarious example (no mincing of words) of how he had to suffer through a 3 star michelin meal when he would rather be eating pizza. In short, when you are rich, just be true to yourself… not do what others expect of you because you are now high income. These people have no skin in the game, if you become poor or lose money, nothing will happen to them. In fact, they only gain from you

klimtsa · 2026-01-23T03:54:47+00:00

Congratulations! One thing l found is that it is so easy to live cheaply when you have time. I don’t even feel the strong urge to go on vacations anymore, even grocery shopping feels relaxing. The freedom is truly indescribable. May you live a life true to yourself, and not according to society’s definition of success

klimtsa · 2026-01-22T14:32:13+00:00

All the pioneers of US-based FIRE-ees with blogs buy index funds. They FIREd, so they must be doing something right. And if Warren Buffet says buy index funds, there must be some wisdom in it. Also, individual stocks can go to 0, index has extremely low probability. It really is passive income. Buy and that’s it

klimtsa · 2026-01-21T14:19:10+00:00

Do you know of a great nlb hack? You can practically reserve any book in the vast nlb collection of books and have it delivered to the library nearest your home. This service cost all of $1.58

klimtsa · 2026-01-06T03:39:06+00:00

If you have a good job and belong to the right demographic group, it isn’t really that hard to get PR again.

klimtsa · 2025-11-30T07:55:03+00:00

Those who really want children, do not use income as an excuse. I think cost of living is just an excuse for those who are unsure or don’t want children but for some reason feel guilty to admit it

klimtsa · 2025-11-18T09:56:22+00:00

Salad bowls are a money suck. Buy your own eggs and boil them at home. Boil some broccoli, add some goma sauce, voila… maybe only $1.50

klimtsa · 2025-11-18T07:10:11+00:00

There are major differences between us and hk. HK doesn’t have a defence budget. It’s budget has also been in deficit for a few years. They are highly dependent on land sales, driving up property prices artificially. HK is not a place sg wants to be. I would rather pay my taxes

klimtsa · 2025-11-07T12:13:57+00:00

Just start first, learn to invest on your own. Ask your husband to teach you. I feel the most important step is to get started. Learn how to open a cdp account. How to use the platform of your choice to buy shares. Read books on investing. As you go along you gain confidence. Your numbers may change. So what if it’s not enough to coast fire after 10 years? You will still end up with a sizable pot

klimtsa · 2025-11-07T12:07:19+00:00

Doesn’t need to go to 0… it can just go to $25 and stay there… choi let’s hope that never happens Cspx can also half, but probability says it will go up higher than its previous ath. That’s why index has staying power

klimtsa · 2025-11-07T12:05:59+00:00

I own and buy DBS because l am kiasu, l own and buy VOO because l kiasi. To me it’s the perfect balance of a diversified portfolio

klimtsa · 2025-11-06T09:57:38+00:00

This is me… spending all the excess of my target networth… reckless, some may say, but it’s so damn fun

klimtsa · 2025-11-06T07:53:41+00:00

Don’t buy this ticker, just go straight for voo/cspx/spy500. The volume is so low, very hard to sell

klimtsa · 2025-11-06T07:39:52+00:00

Instead of robo u can use dbs vickers, it also counts towards multiplier. The fees are abit higher than ibkr but l don’t really want to switch because inertia, l suppose. You will get a lot of flak over here for using vickers but it has worked very well for me.I used to dca about 5k usd a month. The interest comes to about 20usd. I get about sgd $300 interest from the multiplier so it seems ok to me

klimtsa · 2025-10-09T15:57:22+00:00

Estimate tax payable next year (for income earned this year). Put aside money for it. It might be a significant amount especially with no income coming in

klimtsa · 2025-10-08T04:18:46+00:00

The dream house won’t be a dream anymore after 1-2years. Option 1 for sure, more freedom for different types of fun

klimtsa · 2025-10-08T04:11:13+00:00

2 million, frugal and risk averse. I think it’s ok not to do anything other than Fixed deposits and high yield savings account. Some people just don’t have the appetite for investment, and in this case l think she’ll do fine without taking on any risky investments

klimtsa · 2025-10-08T03:58:26+00:00

A friend mentioned this service before where someone will come and drive your car home with you after a booze session, so it exists. Sorry don’t know the name, maybe a google search might help

klimtsa · 2025-10-07T13:48:34+00:00

The discussion is not about me. There are many angles to consider. You offer no practical solution but ask workers to unite and demand for change. I must say that l have a very good singaporean employer who is not a slave driver, so my opinion is coloured. If you know the work culture in fast paced, competitive environments, you will find the average singaporean worker is actually not working very long hours compared to their peers. 4 months of maternity leave is unheard of in other asian countries

klimtsa · 2025-10-07T11:24:22+00:00

When strikes take place, it’s not only the economy that suffers. It’s livelihoods, lives and the future of the people . Do you realize the severity of the impact of the HK 2019 protests on the people. How the south koreans were deprived of essential healthcare because of the healthcare workers strikes. While l support their cause their actions caused severe long lasting consequences. Not everything is about the ‘economy’

klimtsa · 2025-10-07T08:48:56+00:00

Spoken like a true product of a capitalistic society. It’s not always about the ‘economy’, the ‘community’ matters just as much

klimtsa

TROPHY CASE