I found the above-captioned article republished at NextInsight.com with permission.
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/924-2014/9002--investor-qmy-delusional-financial-journey-so-farq
It sheds light on why many cannot accumulate wealth through investment.
My takeaway for this article:
You need to live a frugal life to save money for investment.
The writer used to be frugal and he could save $10K while in National Service, and $20K while he was a student who received an allowance in the form of company sponsorship. But his lifestyle changed...
When you could not commit the money for long-term investment and have to liquidate shares to pay for other expenses, it simply will not work!
This article reminded me of those days when I was very happy to savor once a month a clay-pot fishhead that cost about $9 from a hawker stall in Taman Jurong when my pay was credited.
It is time to think about how to live a frugal but happy life.
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