How To Create A Budget That Saves Money


Is overspending and impulse purchases one of your biggest weaknesses? How about setting up a simple budgeting system to keep yourself accountable? 

Sometimes, Grandma’s methods to save money works best. In the past, people used to keep cash in envelopes to keep track of their spending. In today’s culture, however, the rise of credit card lifestyles and e-wallets have made counting cash a thing of the past.

The envelope method of saving money can actually be replicated today by using an Excel spreadsheet or Numbers software in Mac. If you will like more features or convenience, there are probably some good personal finance apps out there that help you track your income and spending.

Here’re some rules to follow when setting up the envelope system to track your personal spending:

Budgeting Every Income & Paycheck 

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Buying Dividend Stocks To Create Another Income

dividend stocks

“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” – John D. Rockefeller on dividend stocks

As the name Joyful Dividends suggest, I am thrilled whenever dividends from good companies or investment holdings arrive in my bank account, “Ka-Ching!”. The sound of money coming in is sweet, ain’t it?

By investing continually in fundamentally great dividend stocks, you will find yourself creating another source of income automatically as time passes by. While there are definitely risks to investing in stocks, you can reduce these risks by buying into and building a diversified portfolio that gives you enough income to pay for your everyday expenses.

When you reach a point where your dividend income from stock investing is more than income from your job, maybe it’s time to retire and follow your passion? A glorious rainbow awaits those who start and persist in this journey of dividend investing. Keep it consistent, and you will find rich pickings at the end of the journey.

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How You Can Never Lose Money In Investing

Hello! At Joyful Dividends, I discuss investing your money so as to make consistent extra income safely. In order start investing successfully, it goes without saying that you should never lose money. If you want to achieve your financial goals with no hiccups or frustration, here are some good questions to always ask yourself. 

Whether you have just started working, been working a few years, or you are a retiree, you may have thought of how to invest your money at some point. It is not an easy question to ask. There are so many investment options out there. You don’t feel confident about investing because you have no financial background. You are very busy with work, family, children, socializing, and you have no time to monitor your investments.

If the above describes your situation, you may be thinking of looking for a good financial planner or advisor.

Before you do that…

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Why Timing Matters In Buying A Property For Investment

One of the biggest news going around my country, Singapore, these days is that the property market is heading for a recovery. Here is my two cents’ worth on bargain hunting property for investment in the Singapore property context.  

Now that you are excited by the prospect of a property market upturn in the next year, you may be wondering, “Is now a good time?”

Whether you are buying a property for the first, second or third time, a property purchase is always likely to be one of the biggest financial decisions you will make. Buying a property at the wrong time is financially painful. It results in a long-term burden for you, worry over finding potential tenants, endless frustration and sleepless nights.

For an investor, buying the right type of property that meets your criteria is important. Success in the property market is mostly based on the timing of your entry.

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Why You Need To Create Multiple Streams Of Income

Here on Joyful Dividends, I write a lot of the ways you can create multiple income streams. I believe that earning an extra income can completely change your life. With multiple streams of income and cash cows, you can afford to quit the day job you hate. You can stop living from paycheck to paycheck. You can pay off all your debt, and finally be free to do what you always wanted to do.

When it comes to investing, people like to say don’t put all your eggs in one basket. Have you considered that solely relying on employment income is doing just that? What would you do if you got fired overnight? With no more monthly stable paychecks, how would you pay your bills, feed your loved ones, and put a roof over your head?

Create Multiple Income Streams is Possible

At this time, you probably think it’s almost impossible to work another job or find another income source. Maybe you work more than 12 hours a day. Maybe you have a ton of other personal commitments that take up all of your free time, say maybe church activities, community gatherings, taking care of your children etc.

All these are okay. It takes a lot of grit and perseverance to create multiple income streams, especially if you have a lot of other commitments. What you really need is to acknowledge your strengths, play to it, and keep working at earning your first $10 a month, $100, $500, $1,000, and you are on your way. 

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How to Save Money Effectively

ways to save money effectively

No random tips, no frustration, and no cutbacks on your lifestyle. Just highly effective ways to save money here and now. Get insights and workable game plans on how to save your money today. 

Regardless of where you are at currently in life, you need to know that saving more money to improve your financial health is possible! If you are already putting some of the money saving guidelines below to work, good for you. If you are looking for ways to get started on a wealth accumulation mindset, this article will help you take that first step. Sometimes, taking this first step is painful, but I guarantee it will pay off in many joyful dividends in the near future.

Save Without Cutting Back On Your Lifestyle

While there are tons of good advice on how to be a secret cheapskate or penny pincher, a lot of them require you to cut back on your lifestyle.

Two extreme examples on the web:

  • Save Money by Flushing Less: weird-ways-save-money
  • Save Money by Avoiding Starbucks:

save money on starbucks

While the advice above are well-meaning, they are not good for you for two reasons:

1. Not Good for Your Well-Being. Not having that Starbucks coffee/espresso/latte in the morning may save you $4 a day, but denying yourself of that sweet treat or caffeine boost will cause you to feel stressed throughout the day. Most likely, you will need to rely on your inner willpower to overcome your urges and guilt.

2. Becoming like Scrooge. While penny-pinching may save you that few extra bucks, it may lead you to become increasingly consumed with money. In the long term, this can lead to effects such as developing a poor reputation among your friends and associates. After all, people are attracted to and like to hang out with generous people.

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REITs: Investing in Real Estate Without The Hassle


Hello and Welcome to the Joyful Dividends Blog. Other than sharing tips on saving money, making more income sources and living a life on your own terms, I hope to connect with readers who want to learn more about investing, invest better and sustainably. 

Today, I begin another series on how to invest with one of my favorite investment vehicles. It actually started more than 250 years ago! At that time, a group of merchants from the U.S. East Coast were discussing ways to build a pier in Boston. By raising funds from investors, they ended up owning the land and sharing rental income with all shareholders. They didn’t know it then, but these merchants were the founders of an early real estate investment trust, also known as a REIT.

Fancy Owning Part of the Building Where You Work? 

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Why Investing in Real Estate in Your 20s Can Make You Rich


Hello, and welcome if you are new here! On Joyful Dividends, I blog about my passion for personal finance, investing and how joyful dividends enable me to live a life that is location independent and on my own terms. I am mostly based in Ho Chi Minh City, a young and dynamic place in South East Asia which offers a very good lifestyle for the adventurous. 

Today, I am starting a new series on investing in real estate. Buying a house, how to buy a house at a young age and what is real estate investing is a topic I am often asked. Whether you are planning on buying a house at 25, buying a house at 27, or at any other age, it is a big deal.

While most people would purchase their first house to live in, maybe you can consider turning your first home into an investment property. While many people only start investing in real estate in their late 30s or 40s, you can start much sooner than you think. I’ll explain why getting your hands dirty in real estate investing early is something you should consider.

Turning Your First Home Into An Asset

In the aftermath of the subprime mortgage crisis, many people are uncertain about whether buying a house will pay off. One way your house purchase can pay for itself is to rent out the first house you buy. By turning your first house into an asset that creates income, you can overcome your imperfect credit and imperfect lifestyle. All it takes is a dose of cleverness and real estate homework.

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30 Ways To Make Another Income While Keeping Your Day Job

make more money

more income

Are you looking for ways to make an extra income every month, quarter or year? If so, you are at the right place!

Learning how to make a second income, and finding ways to do it quickly, is something that can help everyone.

There are many reasons for why you will want to start making a second, or even third income quickly.

Perhaps you just found your dream house and want to accumulate cash for the down payment, the trip of a lifetime suddenly appeared, or maybe your day job has lost its meaning and you are looking for a chance to make money without a full-time job.

You could also be trying to build an emergency fund so you are well prepared for any surprise expenses.

Regardless of your reason, making another income is definitely helpful. Making money and growing money go hand in hand, and both are important aspects of wealth creation. Starting young and accumulating more money can lead to freedom, less stress, better relationships, early retirement and so much more!

Learning how to make money quickly is possible, and sometimes the meaning of “fast” can vary from person to person. For some, fast means coming up with money over the weekend. For others, you may have a few years to reach your savings goals.

Whatever your interpretation and circumstances are, I have included many great ideas on how to make more money.

If you want to learn how to make another income, don’t stop here, keep reading more ideas on learning new skills, monetizing your existing abilities and becoming a better money manager.

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