Book Review: Start Late, Finish Rich

Following a review on David Bach’s FinishRich series, Start Over, Finish Rich, I have decided to read the book, Start Late, Finish Rich as I feel that at my mid-30s, I am already kind of late and wanting to learn what are the steps that I can take to finish (retire) rich.

Start Late, Finish Rich - David BachFollowing a review on David Bach’s FinishRich series, Start Over, Finish Rich,  I have decided to read the book, Start Late, Finish Rich as I feel that at my mid-30s, I am already kind of late and wanting to learn what are the steps that I can take to finish (retire) rich.

Although the title of the book says that it is meant for people who are starting their journey late and still wants to finish rich, I personally feel that what was mentioned in it is in fact applicable for people who are still in their 20s or even early 30s and hopes to turbo-charge their journey and retire earlier.

In the book, Start Late, Finish Rich, David talks about:

  • Stop Complaining
  • Spending Less
  • Save More
  • Make More
  • Give More, Live More

For those who have read his previous books would have known about David’s Latte Factor. In Start Over, Finish Rich, David talks about how to increase the factor to turbo-charge the spending less. Something which he calls it Double Latte Factor.

In the section on Save More, David talks about a great method on how to repay your mortgage loans, as long as 8 years, earlier and yet save $71,000. A method that was mentioned in his other book The Automatic Millionaire.

What I personally learnt most from the book was on the section on Make More. He had pointed out on how to make use of real estate to finish rich.

If you feel that you are currently late in your journey to financial freedom like me, or wants to retire earlier, I would highly recommend reading this book.

Amazon Buy Now | Investor Monkey

Passing of a Great Leader

Today, Singapore has lost a great leader as we see the passing of our founding father, Mr Lee Kuan Yew. Mr Lee, Singapore’s first prime minister, died on Monday at the age of 91.

Today, Singapore has lost a great leader as we  see the passing of our founding father, Mr. Lee Kuan Yew. Mr. Lee, Singapore’s first prime minister, passed away peacefully on Monday at the age of 91.

Although I have not met Mr. Lee personally, whatever he had done for the nation had made Singapore who we are today. Without him and his guidance, this little red dot nation may not have made its mark on the world.

His body will lie in state at parliament from Wednesday to Saturday.

Extracted from AsiaOne:

The public can also express their condolences at the official website, Remembering Lee Kuan Yew. The public can also call the 24-hour hotline at 6336 1166 with queries, or visit Remembering Lee Kuan Yew and Facebook – Remembering Lee Kuan Yew for more details.

Thank you Mr. Lee, we will continue to make you proud. May you rest in peace.

See more at: Lee Kuan Yew’s death: 7 days of national mourning declared

Image Source: AsiaOne

Race to Dominate Wearable Technology

Tag Heuer announced on 19th March that they will be launching their own version of smartwatch later this year. A venture with Intel. The smartwatch will be using Android operating system and is set to compete head-on with the Apple Watch. Who is set to dominate the wearable technology?

French luxury group LVMH’s watch maker, Tag Heuer, had announced on 19th March that they will be launching their own version of smartwatch later this year. A venture with Intel Corporation (NASDAQ: INTC), the smartwatch will be using Google Inc’s (NASDAQ: GOOGL) Android operating system and is set to compete head-on with the Apple Watch by Apple Inc (NASDAQ: AAPL).

Due to go on sale on April 24, the Apple Watch price starts from US$350 with its 18-karat gold model going for US$17,000. Being the company’s first new product since five years ago, the Apple Watch is being closely watched by competitors and investors.

Details about pricing, functionality and design of the Tag Heuer smartwatch was not disclosed. Tag Heuer Chief Executive, Jean-Claude Biver, aimed to launch the first Android luxury smartwatch in the last quarter of 2015.

Believing that wearable technology will take off, Intel struck several partnerships with several notable consumer brands like Oakley and Fossil.

The Bottom Line

With more and more wearable technology coming out of the production line, it is no wonder big companies like Apple Inc., Google Inc. and Intel Corporation would want to have a bite on this slice of the pie. We will have to wait and see with the head start that Apple Watch has over the Android smartwatch, are they able to dominate the smartwatch market or can Android smartwatch overtake Apple Watch to dominate the world of wearable teachnology.