Q: How much do you usually charge to your credit cards?
I have only just applied for my very first card - UOB One - because of its 3.33 per cent cashback rewards on almost all my purchases. I'm expecting to charge about $300 to $500 a month on it. Q: What financial planning have you done for yourself?
Adequate health and life insurance, setting aside an emergency fund which can support my expenses for a year, have multiple sources of income through dividends and as a last resort, terminate my endowment plans for extra cash from the surrender values.
Q: Money-wise, what were your growing-up years like?
I usually didn't get more than $2 a week in primary school. In secondary school, I had to take part in co-curricular activities and had revision lessons, so I got $300 pocket money a month.
Since I didn't spend much on food, I'd save up to buy things I wanted like trading cards, PlayStation sets and games.
When I went to the polytechnic, my pocket money rose to $400 a month since prices at the foodcourts in school were higher.
It was during this time that I saved up to buy books on personal finance such as The Intelligent Investor, The Complete Turtle Trader and The Millionaire Next Door.
Q: How did you get interested in investing?
When I was about six, my mum taught me how to use the Teletext on television so that I could check stock prices for her while she was working. That was how I became keen on stock investment.