Friday, June 26, 2020

Monthly Net-Worth Update - June 2020


Dear Readers,

Thank you for coming here.


Here are the numbers for June!


Net-Worth increase from last month: 14K SGD

The increase is mainly from stock market.

I also had my first payment as the freelancer. It is not much.

After paying the bills, this is what is left.


Investment: 2.17% annualized return, incl. dividend 

The market is doing pretty well. No idea what is coming next. I will just hold.

Speaking of holding the shares, I kind of cleaned house this month.

- A few individual stocks I bought way before I got any serious in investing. I held one of them for like 5 years only to lose 70% of the value. Painful lesson for buying stocks without any proper research. I decided to let go of them, so that I can spare the few minutes used to track them

- Company stock program. Since I need to either sell them or move them to my personal broker account, as I am not longer with the company, I decided to sell because it is easier than moving it out.

No impact on the general direction of the investment. Hold tight and look at the long term.


Till the next time!

Saturday, June 20, 2020

Really Not Much

Dear Readers,

Thank you for coming here.


There was really not much for the past week.

Work was as normal.

Life was as normal.

There were things to be worried about and there were also things that bought hope.

Life goes on...


Till next time!

Wednesday, June 10, 2020

The Return of the "Old Ways to Learn"

Dear Readers,

Thank you for coming here.


When I was young and in school, I was taught the basic and simple way to learn:

1) Pre-read before the class
2) Listen and ask questions during the class
3) Revisit and apply after the class - to me and my peers, this meant spending 8-10 hours on exercise books and tests every day.

Fun? Not really.

Designed for maximum effectiveness with the latest discoveries, such as brain technology? Probably not.

But it was easy to follow and yet effective. It got me into a top university in China and then Singapore after all.


However, I could not remember since when this way of learning became unacceptable to me.

The reason? So much things to learn vs so little time.

Look at the options we have: online classes, short videos, books, blogs, learning from peers etc etc. And there are so many within each of the categories. Take reading for example, so many books and so many "Must-read"book lists!

Also do not forget, I have many other important things to do, e.g. entertainment.

Who has the time to pre-read and who has the time to revisit afterwards? There are so many new things to catch up!

I can recall a few times when I started a book and just vaguely remembered that I probably read that book, and I just straightaway went for another one, even though I cannot remember a thing about what that book tried to communicate.

The consequence was quite serious.

I did not really learn from those reading because I read just for the sake of reading and there was no thought put into the process.

Worse still, as time went by, I gradually got lazy and lost the ability to think deep to extract useful learning from the books.

Worse still, I also started to doubt whether reading could be helpful. So I spent much more time on other important things like entertainment.


Here, I would like to share my recent experience in learning.

I was learning the capabilities of my current firm, basically to understand what we had done for our clients.

I used mind-map to get the material into a structure and went branch by branch. It took 3-4 days.

And I had the overview and I knew where to put every new piece of knowledge I received afterwards.

And then I started revisiting the mind-map on a weekly basis (a bit incredible to me as well). After two weeks, I could remember more, understand more and explain more.

Now I continue to add to the mind-map and revisit weekly.

Even though I have not got the chance to apply the knowledge in a client situation yet, I can clearly feel that I am actually learning something and it will help me in the future.

And it makes me believe that "Old" is "Golden" when it comes to the ways to learn.


So here is the take-away:

1) Focus on the results. Look at what you learned, not what you read, listened etc etc. Spend the time to extract what is useful to you.

2) Do not rush. Good things are worth the time. Rushing will negatively affect the outcome.

Here, I recalled what a friend who is successful and rich way beyond my current "imagination" said. And I would like to use it as the ending for this post.

"A fatal weakness of ordinary people is to blindly pursue efficiency."


Till next time!


BTW, XMind is great for mind-mapping (not sponsored)!

Tuesday, June 2, 2020

Quick updates

Dear Readers,

Thank you for coming here.

This post is going to be some quick updates of my life. Overall, I think things are good.


1. End of the tunnel

The challenging engagement ended about 2 weeks ago. It was a relief to the whole team, but at the same time, it could have ended in a better way. So we felt we could have done many things better.

We had a wrap-up session, where everyone summarized the learning etc, and we moved on.

However, immediately afterwards, there was a clear drop in the team's morale. I just couldn't help noticing it. What's worse, it was not only the members. Leaders were included too. I was included as well.

I guess we were all tired and at the same time, rethinking how we could best add value to our clients. And what came with that was a drop in confidence. I can see that when team started asking whether we could actually deliver that when opportunities present themselves.

This was good. What we needed to be careful about was not letting those thoughts limit ourselves, or worse become our excuses to avoid challenges. And I was worried about just that.

However, after those 2 weeks, I started to see people on their toes again, me included. Therefore, that drop of confidence was just temporary and people were rationale enough to realize there would be no escape from challenges if they want to be responsible for themselves.

I kept asking myself whether I should do something to motivate the team over the past two weeks. Now, I feel lucky that I did not, because I really did not need to. People can take care of themselves. After all, all work was completed as required.

As a new manager or leader, much is still to be learnt. I am glad that I am growing.


2. I never imagined that I would want to get out of my home

What normally happens is my wife and kids force me to get out of our flat and take them somewhere, even that somewhere is just the playground downstairs. I never imagined that day would come when I could not wait to get out.

This is exactly what is happening now after 4 months of staying at home.

And my two sons want to go to school so badly. They woke up very early today to get prepared. And my younger son was sad that he had to wait for another week before he could go to school.


3. Visa not in the "Urgent" category

Got official words from the Embassy that my visa was not in the "Urgent" category. So the wait will continue. Hope this thing ends soon.


4. First payment, Yeah!

Received my first payment as freelancer today. It was not a lot, but a good start.


5. My first sharing as an expert to ~200 Manager/Directors

Also, tonight 8-9:30 is going to be my first online sharing as an expert to ~200 managers and directors. I am grateful for the opportunity and excited for it.

I have prepared quite a bit and hope it goes smoothly!


Till next time!