CJH Financial Planning

In case you haven't heard of the F.I.R.E movement 🔥 🔥 🔥 , it is spreading like wildfire worldwide right now. For the uninitiated, F.I.R.E stands for Financial Independence, Retire Early . Many have dreamt of retiring early and enjoying the rest of their lives sipping a cocktail on the Bahamas. But dreaming alone isn't going to make it happen - you need to TAKE ACTION! It's hard, but life will be so sweet once you get there. Here are 8 tips to help you get fired up (pun intended 😆 ). #1 - Start saving aggressively I have seen F.I.R.E. advocates saving between 30% to 60% of their income. The more you save, the more you can invest and grow your wealth! #2 - Cut unnecessary spending Live like a minimalist (check out The Minimalists ). Practise delayed gratification - do you really need that Apple Watch now? A dollar that you don't spend is an extra dollar that can be invested to make more money. #3 - Have multiple sources of income Don't depend solely on your salar...

Did you know that your attitude towards money affects your ability to learn from self-made millionaires to achieve financial freedom? Watch this video to learn about the 5 ways self-made millionaires made their millions and how you can become one of them! (YouTube Video by Brain Tracy) Now you know how self-made millionaires build their wealth, there's no reason why we are not able to become a self-made millionaire in our lifetime!

Your greatest asset is your mind. So invest in it by reading books that increases your financial IQ! Here's my top 10 recommended books that everyone who is serious about their financial freedom must read. If you wish to purchase any of the books, simply click on the images. It will bring you to the Amazon website whereby I will receive a small commission on every purchase. Happy reading! Number 10 - The Wealthy Barber Author: David Chilton Financial lessons that can help you get rich... slowly. Told in a form of an entertaining story, with the help of a fictional barber.

Many people who I have consulted over the past years seem to think that they can become rich simply by putting money into the stock market or trading a particular instrument. But no matter how many years they invest or trade, they don’t seem to be any richer. Therefore I believe otherwise. Becoming rich is much, much more than just picking a stock and waiting for it to grow. My experience, research and observations tell me that that is a ‘Whole Person’ concept that determines if one will be rich, poor, or somewhere in between. It is the line separating the successful and the not-so-successful. Read more...

Dear all, It's that time of the year again! Yes, time to file your taxes! (My colleague just commented that it didn't feel that long since the last time she paid taxes). Here are some infomation from IRAS which may be of good use. It may look a bit technical and complicated, but in order not to distort any wordings or meanings, the information has been pasted wholesale from the IRAS website . Tax Rates for Resident Individuals For more guidance on how to file your taxes, you may wish to visit: IRAS: How to calculate my tax  . Do note that the tax treatment differs for Employees and Self Employeds. For example, income derived by a self-employed is assessable as trade income and he can claim trade losses against his trade income. An employee cannot claim losses and capital allowances against his employment income. To check what is taxable and what is not, click here . There are also a number of reliefs that you can file to save on your taxes. They can be found ...