S. M. A. R. T. Investing with TSK

Just received an email from “Rich Dad” - New Rule #1: Spend, Don’t Save! Old Rule #1: Save Money – but it will not make u rich?  New Rule #1: Spend, Don’t Save! ("In the new rules, it is more important that you know how to spend your money , not just earn or save it. In other words, people who spend their money wisely will always be more prosperous than those who save their money wisely. Of course, by spend we mean invest or convert your money into long-lasting value. The rich understand that in today’s economy you cannot become wealthy by sticking your money under a mattress—or even worse, in a bank. They know that the key to wealth is investing in cash-flowing assets. Today, you need to know how to spend your money on assets that retain their value, provide income, adjust for inflation, and go up in value—not down.”) Hmmm... interesting change in mindset? So have I been spending more to make me rich? I spend on RSP so I can earn more bonus in

Continued from Part 1  (click to read) Yes, this is real!  U can boost your DBS Multiplier Account Interest to 5.1% p.a. on 25k from March 1 2020.  Or 4.3% p.a. if u maintain a balance of 50k! How? There is now an Angbao promo: Get $200 Ang Bao if u open a new Multiplier Account online with fresh funds. Yes, receive S$8 Ang Bao with every S$1,000 fresh funds deposited. So if u deposit 25k, u will get $200 Ang Bao. That is 1.6% p.a. interest on your 25k for 6mths. Or 0.8% p.a. interest on your 50k for 6mths. This is bonus interest on top of what u can already get on 25k or 50k in your Multiplier Account if u can meet the requirements. With 50k, I can meet Income + 2 categories (credit card and RSP) with total transactions to help me achieve up to 3.5% p.a. Add 0.8% to 3.5% = 4.3% pa on 50k for 6mths! Bingo! What did I do? I closed my existing Multiplier Account after bonus interest was credited in Feb and then Opened a new account online a few da