How to be Rich, Happy and Free from Scams

Do you smell a global recession coming?

Here are the 10 steps that will guarantee you will become a millionaire by 30. 1. Follow the money. In today’s economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities. 2. Don’t show off -- show up! I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy. 3. Save to invest, don’t save to save. The only reason to save money is to invest it.  Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase in

Shell isn’t alone in trying to grapple with cheap oil. This week Chevron said it would cut 1,500 jobs in an effort to cut costs by $1 billion. Likewise, ConocoPhillips said it’s continuing layoffs as it tries to reduce spending by $1 billion over two years. Graves & Co., an energy consulting firm, estimates that the energy sector has lost 50,000 in the past three months—that’s on top of the 100,000 layoffs since oil prices began to tumble last fall.

More than 20 investors who put around $7 million into a gold buyback scheme run by local firm Suisse International are now worried that they cannot get their money back. Not only is its owner uncontactable, they said, but the company's office at Keypoint in Beach Road has also been closed. The last message the investors received was from the firm's vice-president Belinda Hah in the first week of January. That was when she informed them via SMS that their money was stuck in a transfer to the firm's Hong Kong branch - Suisse HK. "After we joined, we also brought our friends in because (Suisse) promised to give us better returns and sell us gold at a cheaper rate if we recommended others," said operations manager Louis Tan, 36, who put in $40,000 last June. It was easy to convince their friends to join because the company promised them about $1,000 a month, which worked out to a 20 per cent return, for every kilogram of gold they bought. The i

The group says they are representing more than 260 victims. It is believed that there are more than 8,000 victims from all around the world who have taken part in this scheme, with total losses of more than S$80 million.   SINGAPORE: More than 100 people who had invested in a gold buyback scheme gathered on Monday (Feb 2) at the Commercial Affairs Division in Police Cantonment Complex to lodge a report against investment company Suisse International.   They said they represented about 260 investors in total, adding that 8,000 people around the world are believed to have been scammed, with losses of more than S$80 million. The company allegedly told investors that it bought and sold gold to turn into novelty coins, which were then sold at a profit overseas. To participate, investors had to purchase at least 1kg worth of gold bars costing between S$10,000 and S$20,000. In return, they were told they would receive S$5,400 in monthly payouts. Investors would als

According to latest data from the Monetary Authority of Singapore, total loans and advances fell to S$607.47 billion last month, compared to S$607.91 billion in December 2014.  SINGAPORE: Bank lending in the Republic continued to fall in January from December last year, in yet another sign that economic activity may be slowing down.   According to the latest data from the Monetary Authority of Singapore, total loans and advances fell to S$607.47 billion last month, compared to S$607.91 billion in December 2014. However, bank lending grew 4.3 per cent in January from S$582.24 billion a year earlier. A slowdown in business activity could account for the decline in total loans to businesses, which fell 0.3 per cent on-month to S$370.28 billion. Contributing to the decline is bank lending to the building and construction sector, which fell 0.16 per cent to S$103.54 billion. In the consumer segment, credit card loans fell 1.9 per cent to S$10.22 billion at e

As Shire announces that it will buy U.S. company NPS Pharmaceuticals, Richard Gnodde, co-CEO of Goldman Sachs International, discusses the outlook for mergers and acquisitions in 2015, and says this deal is an Mergers and acquisitions (M&A) in healthcare looks set to be strong again this year, Goldman Sachs said on Monday, following deal announcements from pharmaceutical giants Shire and Roche Holdings .    And the co-CEO of Goldman Sachs International, Richard Gnodde, also said that energy—a quieter sector for activity last year—was set to shine in 2015. Over the weekend, Shire announced it would buy the U.S.'

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy. It shouldn’t be taboo and it is possible. At the age of 21, I got out of college, broke and in debt, and by the time I was 30, I was a millionaire. Here are the 10 steps that will guarantee you will become a millionaire by 30. 1. Follow the money.  In today’s economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities. 2. Don’t show off -- show up!  I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that yo