Comments on: The Latte Factor http://kclau.com/wealth-management/the-latte-factor/ Personal Finance Money Tips Wed, 23 May 2012 00:06:33 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ian Kree http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151646 Ian Kree Fri, 12 Mar 2010 04:11:38 +0000 http://kclau.com/?p=1648#comment-151646 "Sometime I feel that the monetary world has its power which able to take away my money without my awareness..== Don’t ya think?" Hi Woon, Yes, the world able to do it. Although you keep all your money safely, your money could still depreciate over time due to inflation. Maybe we need "higher awareness" ... hmmm ... “Sometime I feel that the monetary world has its power which able to take away my money without my awareness..== Don’t ya think?”

Hi Woon,

Yes, the world able to do it. Although you keep all your money safely, your money could still depreciate over time due to inflation.

Maybe we need “higher awareness” … hmmm …

]]> By: Ian Kree http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151645 Ian Kree Fri, 12 Mar 2010 04:06:51 +0000 http://kclau.com/?p=1648#comment-151645 Yes, you can. Commit yourself to it. Good luck. Yes, you can. Commit yourself to it. Good luck.

]]> By: Ian Kree http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151644 Ian Kree Fri, 12 Mar 2010 04:03:02 +0000 http://kclau.com/?p=1648#comment-151644 Hi Jacquelyn, You make a very good point there. Many people think that they would be happy if they, for example, have big car, big house, have the most latest hand phone, have the up to date laptop, buy dress/shoe/cloth every month. That is wrong. Because after a while they will think that they would be happy/happier if, for example, they buy new car, new house, replace their hand phone, trade their laptop for another up to date laptop, buy new dress/shoe/cloth because they are bored with the existing ones. That is a "wrong happiness" and "costly happiness" (at some extend, "wasteful happiness"). Extending your comment on "Find other things to do that make you happy without spending any money at all": smile to other people and they smile back at you, massage your parents/spouse and they say feel better, forward funny/inspiring emails to your friends and they say they enjoy it, help your wife doing house chores and she give you a hug, spend time with your children like go to park or muzium or do some creative activities together and they say "daddy, today I learnt many things" ... . That is a "true happiness" and most importantly, that is free/cheap. Great! Thank you Jacq. Best Wishes, Ian Kree Hi Jacquelyn,

You make a very good point there. Many people think that they would be happy if they, for example, have big car, big house, have the most latest hand phone, have the up to date laptop, buy dress/shoe/cloth every month. That is wrong. Because after a while they will think that they would be happy/happier if, for example, they buy new car, new house, replace their hand phone, trade their laptop for another up to date laptop, buy new dress/shoe/cloth because they are bored with the existing ones. That is a “wrong happiness” and “costly happiness” (at some extend, “wasteful happiness”). Extending your comment on “Find other things to do that make you happy without spending any money at all”: smile to other people and they smile back at you, massage your parents/spouse and they say feel better, forward funny/inspiring emails to your friends and they say they enjoy it, help your wife doing house chores and she give you a hug, spend time with your children like go to park or muzium or do some creative activities together and they say “daddy, today I learnt many things” … . That is a “true happiness” and most importantly, that is free/cheap.

Great! Thank you Jacq.

Best Wishes,
Ian Kree

]]> By: Jacquelyn http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151642 Jacquelyn Fri, 12 Mar 2010 02:18:50 +0000 http://kclau.com/?p=1648#comment-151642 Hi Woon, One way I stop myself from spending money is by not associating buying or purchasing something to make myself feel better. A lot of people associate spending money to being happy and having fun. Find other things to do that make you happy without spending any money at all (or at least just a minimum amount of money). You will find that saving money is not hard at all. Hi Woon,

One way I stop myself from spending money is by not associating buying or purchasing something to make myself feel better. A lot of people associate spending money to being happy and having fun. Find other things to do that make you happy without spending any money at all (or at least just a minimum amount of money). You will find that saving money is not hard at all.

]]> By: Woon Lip Fuey http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151634 Woon Lip Fuey Thu, 11 Mar 2010 08:29:11 +0000 http://kclau.com/?p=1648#comment-151634 Hi you there, its being long time I didn't put a comment at here. Before knowing the Latte Factor, when I do a consumption quite often for some months, such as playing at cyber cafe, I spent almost RM10 per day at cafe. One pack of Dunhill per day, I realize that if I quit those behavior and bad habit, I can save a lot of money. However, this need consistency, even nowadays I have stop buying cigarette, attending the cyber cafe not as often as before, those money still can't be accumulated. So I think, without a plan and consistency, no matter what bad habit or luxury interest you have quit, you still can't accumulate your money as well... Sometime I feel that the monetary world has its power which able to take away my money without my awareness..== Don't ya think? Hi you there, its being long time I didn’t put a comment at here.
Before knowing the Latte Factor, when I do a consumption quite often for some months, such as playing at cyber cafe, I spent almost RM10 per day at cafe. One pack of Dunhill per day, I realize that if I quit those behavior and bad habit, I can save a lot of money. However, this need consistency, even nowadays I have stop buying cigarette, attending the cyber cafe not as often as before, those money still can’t be accumulated.
So I think, without a plan and consistency, no matter what bad habit or luxury interest you have quit, you still can’t accumulate your money as well…

Sometime I feel that the monetary world has its power which able to take away my money without my awareness..== Don’t ya think?

]]> By: Fairuz http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151628 Fairuz Wed, 10 Mar 2010 11:19:53 +0000 http://kclau.com/?p=1648#comment-151628 I wish i can stop smoke.... :P I wish i can stop smoke…. :P

]]> By: FastSwings http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151584 FastSwings Thu, 04 Mar 2010 20:41:15 +0000 http://kclau.com/?p=1648#comment-151584 <strong>Stock Market Fast Swings from Fastswings.com - March 4, 2010...</strong> Welcome to the March 4, 2010 edition of Stock Market Fast Swings from Fastswings.com. This time around we have 15 articles including an interesting article on hedging your own company's shar...... Stock Market Fast Swings from Fastswings.com – March 4, 2010…

Welcome to the March 4, 2010 edition of Stock Market Fast Swings from Fastswings.com. This time around we have 15 articles including an interesting article on hedging your own company’s shar……

]]> By: Ian Kree http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151561 Ian Kree Mon, 01 Mar 2010 04:44:47 +0000 http://kclau.com/?p=1648#comment-151561 I second you, Lai Seng Choy. In most cases, children do follow their parents. Leading by actions is generally better than leading by words. I second you, Lai Seng Choy. In most cases, children do follow their parents. Leading by actions is generally better than leading by words.

]]> By: Lai Seng Choy http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151559 Lai Seng Choy Mon, 01 Mar 2010 03:40:35 +0000 http://kclau.com/?p=1648#comment-151559 Just think about needs and wants. Think twice before you spend. For children, they will learn from their parents. Therefore, we must set ourselves a good example for them. They will tend to live frugally if their parents are frugal. Just think about needs and wants. Think twice before you spend. For children, they will learn from their parents. Therefore, we must set ourselves a good example for them. They will tend to live frugally if their parents are frugal.

]]> By: Ken http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151555 Ken Mon, 01 Mar 2010 03:02:31 +0000 http://kclau.com/?p=1648#comment-151555 Yes...I'm in favor of educating children about the power of saving. It's up to me, not the school system, to do it. Saying no means saying yes to something else. Yes…I’m in favor of educating children about the power of saving. It’s up to me, not the school system, to do it. Saying no means saying yes to something else.

]]> By: Glendon Cameron http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151551 Glendon Cameron Sat, 27 Feb 2010 20:37:36 +0000 http://kclau.com/?p=1648#comment-151551 This is the same as soil erosion,this what happens to your money over a very long period of time. Great food for thought! This is the same as soil erosion,this what happens to your money over a very long period of time. Great food for thought!

]]> By: RockYourVote.net http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151548 RockYourVote.net Sat, 27 Feb 2010 05:48:44 +0000 http://kclau.com/?p=1648#comment-151548 <strong>The Latte Factor...</strong> Finding out what is your Latte Factor will enable you to save that extra amount which may not seem much at the time but will be a substantial amount years later.... The Latte Factor…

Finding out what is your Latte Factor will enable you to save that extra amount which may not seem much at the time but will be a substantial amount years later….

]]> By: Ian Kree http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151539 Ian Kree Thu, 25 Feb 2010 03:52:36 +0000 http://kclau.com/?p=1648#comment-151539 Yes, I do think that we should teach our children early. They actually can understand compound interest, etc. but we have to have the right teaching method that they, at their age, could understand. Children are a lot easier to be taught about personal financial than us, adults, because we put so much constraints to ourselves e.g. "I cannot save money because ... (1001 reasons)." To children, it is a straighforward issue, "I save money because daddy and mummy say it is good." Yes, I do think that we should teach our children early. They actually can understand compound interest, etc. but we have to have the right teaching method that they, at their age, could understand. Children are a lot easier to be taught about personal financial than us, adults, because we put so much constraints to ourselves e.g. “I cannot save money because … (1001 reasons).” To children, it is a straighforward issue, “I save money because daddy and mummy say it is good.”

]]> By: Laikos http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151538 Laikos Thu, 25 Feb 2010 02:42:58 +0000 http://kclau.com/?p=1648#comment-151538 Well after all these while, if I would turn back time as some of readers also parent when do we suppose to start teach kids about compound interest and saving discipline? Hope someone can share some thought. I'm not blaming my late father not teaching me this probably because he never know about it either but I myself for sure want to turn the table for my next generation. Well after all these while, if I would turn back time as some of readers also parent when do we suppose to start teach kids about compound interest and saving discipline? Hope someone can share some thought. I’m not blaming my late father not teaching me this probably because he never know about it either but I myself for sure want to turn the table for my next generation.

]]> By: drinkingcocoa http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151520 drinkingcocoa Mon, 22 Feb 2010 14:25:58 +0000 http://kclau.com/?p=1648#comment-151520 this is a wake up call for the young ones out there. Quitting smoking and other expensive non-productive habits can save one's financial future. Maturity helps to see ahead. this is a wake up call for the young ones out there. Quitting smoking and other expensive non-productive habits can save one’s financial future. Maturity helps to see ahead.

]]> By: Sayeed http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151517 Sayeed Mon, 22 Feb 2010 07:39:09 +0000 http://kclau.com/?p=1648#comment-151517 Thanks KC...it is absolutely necessary to teach our youngs about the Latte Factor. It seems that we get into our cycles daily looking at where to save and how to make more money, then we miss the chance to educate the Latte Factor. The next CashFlow game I play with my kids, Latte Factor would be the summary closure to them...even can try out after the monopoly game...Deliberate teaching will get us to deliberate understanding of what we need to do as well as our youngs getting to learn about thier future habits. Thanks KC…it is absolutely necessary to teach our youngs about the Latte Factor. It seems that we get into our cycles daily looking at where to save and how to make more money, then we miss the chance to educate the Latte Factor.
The next CashFlow game I play with my kids, Latte Factor would be the summary closure to them…even can try out after the monopoly game…Deliberate teaching will get us to deliberate understanding of what we need to do as well as our youngs getting to learn about thier future habits.

]]> By: 1-million-dollar-blog http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151516 1-million-dollar-blog Mon, 22 Feb 2010 06:43:35 +0000 http://kclau.com/?p=1648#comment-151516 Yes, I agree that we need to teach our kids to save money since they are still a small. The earlier the exposure is the better. Yes, I agree that we need to teach our kids to save money since they are still a small. The earlier the exposure is the better.

]]> By: simplenfun.com http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151514 simplenfun.com Mon, 22 Feb 2010 05:15:48 +0000 http://kclau.com/?p=1648#comment-151514 Latte Factor... I had never heard about this phrase until reading this post. Is like a bang on my head on how much money we could save, by just adjusting some of our daily habits. Great post. Thks for sharing! Latte Factor… I had never heard about this phrase until reading this post. Is like a bang on my head on how much money we could save, by just adjusting some of our daily habits.

Great post. Thks for sharing!

]]> By: Ian Kree http://kclau.com/wealth-management/the-latte-factor/comment-page-1/#comment-151512 Ian Kree Mon, 22 Feb 2010 04:43:59 +0000 http://kclau.com/?p=1648#comment-151512 The Latte Factor is a good tool to educate public about wise spending. It promotes: 'think before you spend.' And it promotes 'long sighting' e.g. 'think how much I can get in 30, 40 years from now if I save and invest $2 a day by not ... this and that e.g. smoking.' The Latte Factor is a good tool to educate public about wise spending. It promotes: ‘think before you spend.’ And it promotes ‘long sighting’ e.g. ‘think how much I can get in 30, 40 years from now if I save and invest $2 a day by not … this and that e.g. smoking.’

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