In her younger days, Ms Pam Siow spent money with wilful abandon even though she could not afford to.
She splurged on clothes, went on holidays on a whim and ended up with a credit card debt that was ballooning out of control.
With hindsight, Ms Siow, 32, says that experience was "a blessing in disguise" as it spurred her to start her own business.
"You collapse, fall into a hole and dig yourself out," she says.
She took courses in Internet marketing and launched a website business that connects potential students with violin schools that have no online presence.
Ms Siow, who is single, then quit her job as an assistant marketing manager at a multinational firm.
She wanted to focus on her own business and now has 10 such websites.
With the profits, she started the Internet Biz Owners Club, which runs online business seminars in Singapore and Malaysia.
Of course, it helped that she is motivated and a bit of a tough cookie. She recites a quote that has guided her since her teens: "To succeed in life, you need to do everything that you are afraid of."
This is especially so in the business world, she says.
It certainly pushed her to conquer her fear of public speaking.
She now conducts Internet marketing workshops for up to 100 people at a time.