Goi's Fitness Forum

Tat's a gd question ask Bro.. I always rem my client telling me this, "save 20% of what u have earn and use the rest" No matter wat u do, have to set aside 20% of it...

Derek wrote:How do you plan your personal finances?

Currently using an Excel spreadsheet to project my expenses; getting some cool software from my uncle later. Never really understood the drag of expenditures until this afternoon at work where I wrote down the cost of things.

chrislim wrote:Tat's a gd question ask Bro.. I always rem my client telling me this, "save 20% of what u have earn and use the rest" No matter wat u do, have to set aside 20% of it...

Wah...20% isn't a lot leh, unless you earn a lot.

if 20% is just cash in the bank then its ok mah still got insurance investments and cpf also what

Hmm.. to me, i dun earn alot oso, u have to pioritise wat is impt loh..weigh which is a must and which is not.. then u can use the $$$ wisely.. e.g, u buy those tubs of recovery drinks, is it a must? do u really need it? hw long can u sustain on using it? why not drink plain water or Black kopi during training to spike urself?? do within ur means if u can loh, we can't hv everything in the world but we make the best of our own comfort rather then everytime worry u hv overspend and hv to wait very long to get a item that u want...But everyone has a different situation, so can't expect everyone to be the same.. right??

galapogos wrote:

chrislim wrote:Tat's a gd question ask Bro.. I always rem my client telling me this, "save 20% of what u have earn and use the rest" No matter wat u do, have to set aside 20% of it...

Wah...20% isn't a lot leh, unless you earn a lot.

Hmm.. to me, i dun earn alot oso, u have to pioritise wat is impt loh..weigh which is a must and which is not.. then u can use the $$$ wisely.. e.g, u buy those tubs of recovery drinks, is it a must? do u really need it? hw long can u sustain on using it? why not drink plain water or Black kopi during training to spike urself?? do within ur means if u can loh, we can't hv everything in the world but we make the best of our own comfort rather then everytime worry u hv overspend and hv to wait very long to get a item that u want...But everyone has a different situation, so can't expect everyone to be the same.. right??

galapogos wrote:

chrislim wrote:Tat's a gd question ask Bro.. I always rem my client telling me this, "save 20% of what u have earn and use the rest" No matter wat u do, have to set aside 20% of it...

Wah...20% isn't a lot leh, unless you earn a lot.

cannot always keep same % as saving, sometime spend, sometime save!

i save maybe 90+ % last year? Set up a small biz and wait for returns. hehe

then nowadays, spend whatever i want to. leisure, eat, clothings, supplement etc.

the rest save. but quite a no of huge buys are coming soon.

chrislim wrote:"save 20% of what u have earn and use the rest" No matter wat u do, have to set aside 20% of it... "

reminds me of the "richest man in babylon"
but i suppose that was 10%.

i suppose another question is "what is the money you 'save' doing"

Unfortunately, not much right now.

Contemplating/-ed buying real estate, so left the money sitting there.

Not familiar enough with the local market/too lazy to open an account

Suppose will repatriate some of it?

chrislim wrote:Hmm.. to me, i dun earn alot oso, u have to pioritise wat is impt loh..weigh which is a must and which is not.. then u can use the $$$ wisely.. e.g, u buy those tubs of recovery drinks, is it a must? do u really need it? hw long can u sustain on using it? why not drink plain water or Black kopi during training to spike urself?? do within ur means if u can loh, we can't hv everything in the world but we make the best of our own comfort rather then everytime worry u hv overspend and hv to wait very long to get a item that u want...But everyone has a different situation, so can't expect everyone to be the same.. right??

I totally agree with you. Can see a few very irritating examples in this forum, not enough money but still want to buy supplements and keep looking for the cheapest protein per pound, fish oil per capsule, bcaa per microgram, etc and then try to sponge on other people. What rubbish. As if you train hard enough to warrant the usage of supplements. I've changed my mind about supplements being useless, now I think people who train for fun don't actually train hard enough to require such supplements. Amateur and professional athletes, entirely different ballgame, if I train 5-6 times a week or twice a day, surely need to eat. Fuck lar, 3-4 times a week, no need lar, unless you tell me those 3-4 times are hours at one shot.

h wrote:
i suppose another question is "what is the money you 'save' doing"

Frankly I'm quite worried about this too. I'm generally a very good saver, but I've also seen what happens to those who don't use that money to work for them in terms of investments. The money devalues or the bank collaspes and you're screwed. Singapore has been resilient, but I really really want to know how to make better use of saved money rather than just stuffing them in an account. Accumulating reserves isn't my problem, I'm just afraid through no fault of my own every hard earned dollar saved will simply be swept away by forces unknown. But when it comes to investing, I'm just clueless. And I don't like losing money. Yeah yeah, I know in investing you have to bet on many different horses in order to win more than you lose, but still...

Jonathan wrote:

chrislim wrote:Hmm.. to me, i dun earn alot oso, u have to pioritise wat is impt loh..weigh which is a must and which is not.. then u can use the $$$ wisely.. e.g, u buy those tubs of recovery drinks, is it a must? do u really need it? hw long can u sustain on using it? why not drink plain water or Black kopi during training to spike urself?? do within ur means if u can loh, we can't hv everything in the world but we make the best of our own comfort rather then everytime worry u hv overspend and hv to wait very long to get a item that u want...But everyone has a different situation, so can't expect everyone to be the same.. right??

I totally agree with you. Can see a few very irritating examples in this forum, not enough money but still want to buy supplements and keep looking for the cheapest protein per pound, fish oil per capsule, bcaa per microgram, etc and then try to sponge on other people. What rubbish. As if you train hard enough to warrant the usage of supplements. I've changed my mind about supplements being useless, now I think people who train for fun don't actually train hard enough to require such supplements. Amateur and professional athletes, entirely different ballgame, if I train 5-6 times a week or twice a day, surely need to eat. Fuck lar, 3-4 times a week, no need lar, unless you tell me those 3-4 times are hours at one shot.

Yeah, this reminds me of a certain someone who had no job and not enough money but still wanted to stuff himself silly with as much food as possible in an attempt to bulk up...keep looking for the cheapest food for the money, and then try to sponge on other people for training. What rubbish hor?

galapogos wrote:[Yeah, this reminds me of a certain someone who had no job and not enough money but still wanted to stuff himself silly with as much food as possible in an attempt to bulk up...keep looking for the cheapest food for the money, and then try to sponge on other people for training. What rubbish hor?

Yeah lor who ah?

galapogos wrote:

Jonathan wrote:

chrislim wrote:Hmm.. to me, i dun earn alot oso, u have to pioritise wat is impt loh..weigh which is a must and which is not.. then u can use the $$$ wisely.. e.g, u buy those tubs of recovery drinks, is it a must? do u really need it? hw long can u sustain on using it? why not drink plain water or Black kopi during training to spike urself?? do within ur means if u can loh, we can't hv everything in the world but we make the best of our own comfort rather then everytime worry u hv overspend and hv to wait very long to get a item that u want...But everyone has a different situation, so can't expect everyone to be the same.. right??

I totally agree with you. Can see a few very irritating examples in this forum, not enough money but still want to buy supplements and keep looking for the cheapest protein per pound, fish oil per capsule, bcaa per microgram, etc and then try to sponge on other people. What rubbish. As if you train hard enough to warrant the usage of supplements. I've changed my mind about supplements being useless, now I think people who train for fun don't actually train hard enough to require such supplements. Amateur and professional athletes, entirely different ballgame, if I train 5-6 times a week or twice a day, surely need to eat. Fuck lar, 3-4 times a week, no need lar, unless you tell me those 3-4 times are hours at one shot.

Yeah, this reminds me of a certain someone who had no job and not enough money but still wanted to stuff himself silly with as much food as possible in an attempt to bulk up...keep looking for the cheapest food for the money, and then try to sponge on other people for training. What rubbish hor?

Guys, if this is referring to me, and I hope whoever is, will clarify this; then I have a few things to say.

First of all, i want to apologize to those who really think that i have been sponging off them. As far as I can remember, that includes Jonathan Boey for the liquid chalk i used last year while training with the behemoths.

secondly, If I owe you any one of you any money, or if you think I should pay you back for the advice/chalk/equipment that I have borrowed,let me know. I'll try to pay you back as soon as possible. \

However, I honestly do not recall how, if ever, I have been sponging on other people for training. if so, please point this out to me and I will be the first to apologize if this is really the case.

EDIT: you guys have my word that if it's genuinely something i need to improve on or a mistake I've made, i'll not repeat it.
I hope this will not affect my friendships

Ryan.carpediem wrote:bunch of stuff

not u lah, mai come and emo please. ish a certain someone who was bulking. you bulking meh?

Where people haven't indicated that they were expecting money for use of x, y, z or or borrowing a, b, c, that's not what people are referring to.

No, for you there's the recent barbeque where you did have a lot of empty calories despite indicating low/no funds and wasn't going to eat... Then again, KC owes me as well still. I forgot to collect from him the other day when I saw him at Botak Jones, but I haven't seen you since, so there's that little matter to settle next time I see you.

Financial planning is largely an exercise in discipline in order to spend and save prudently. Making your savings work for you would be the other part...

Ryan.carpediem wrote:
Guys, if this is referring to me, and I hope whoever is, will clarify this; then I have a few things to say.

First of all, i want to apologize to those who really think that i have been sponging off them. As far as I can remember, that includes Jonathan Boey for the liquid chalk i used last year while training with the behemoths.

secondly, If I owe you any one of you any money, or if you think I should pay you back for the advice/chalk/equipment that I have borrowed,let me know. I'll try to pay you back as soon as possible. \

However, I honestly do not recall how, if ever, I have been sponging on other people for training. if so, please point this out to me and I will be the first to apologize if this is really the case.

EDIT: you guys have my word that if it's genuinely something i need to improve on or a mistake I've made, i'll not repeat it.
I hope this will not affect my friendships

Relax, I already know who the snake is. Want to say people can't even get his facts right. Typical Singaporean.

aiyo Ryan, if anyone wanna suan anyone, they will never target you 1. trust me in this.

as for who is this person, yar ah, who the fuck is this person? blacklist!

Eh can someone PM me who this person is? I really have no idea...

sounds like jordan LOL, always complain no money hahaha

huhhhh : ( really ah : (

but honestly as students we really dont have much money what, even considering the fact that both jordon and i both work part time, im spending close to like 30-40 a week on public transport lol

Canuck eh wrote:Where people haven't indicated that they were expecting money for use of x, y, z or or borrowing a, b, c, that's not what people are referring to.

No, for you there's the recent barbeque where you did have a lot of empty calories despite indicating low/no funds and wasn't going to eat... Then again, KC owes me as well still. I forgot to collect from him the other day when I saw him at Botak Jones, but I haven't seen you since, so there's that little matter to settle next time I see you.

Financial planning is largely an exercise in discipline in order to spend and save prudently. Making your savings work for you would be the other part...

oh shits, im so sorry. :p

do you use posb bank or smth? pm me the ac number pls.

no worries, next time I see you.

aaron wrote:but honestly as students we really dont have much money what, even considering the fact that both jordon and i both work part time, im spending close to like 30-40 a week on public transport lol

cant you get student concessions in that case?

Derek wrote:Eh can someone PM me who this person is? I really have no idea...

ehh ya.. me too..

Canuck eh wrote:no worries, next time I see you.

thanks dude.

yeah, student concession is smth you guys should consider.
if you're gonna say you haven't heard of it, you're both pissheads.

im using that

Jordon wrote:im using that

so why dont you have enough cash? how much do you get for allowance?

10/day lo

talking about transport , can see a bit part of my salery goes to this ..it be taxi train bus or drive.