Personal Finance Cartoon Series – Financial Freedom

Financial Freedom


We all want financial freedom…or do we?

If you are new to Personal Finance, here is the list of books I recommend:
1. The Richest Man in Babylon

Talks about many personal finance topics from insurance to investing, with stories set in ancient Babylon.
2. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

It’s not the high income earners like doctors and investment bankers who are the millionaires – they are often in debt because they spend beyond their means. Your humble neighbour, with the right mindset, could be a hidden millionaire. Talks about what traits are seen in the millionaire. You would’ve never guessed.

3. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

If you didn’t grow up talking about money with your parents, this is a good start.

BONUS: For Women: Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams

The sassy title made me pick up this book. Lots of good examples, particularly recommend to those who just landed a job out of school. It is a practical guide that shows you what to do with the money you earn to finish rich. The concept is not that hard (but practise…that’s the hard part…hence self help books help with personal finance)


Short Selling Cartoon (Election 2016)

Election 2016 result and market reaction cartoon

Most of the media predicted a downfall in the stock market if Trump won, but Dow Jones hit all time high after Trump Victory. I wonder if there were many shortsellers.
I don’t do short selling (too scared) but I bought one gold stock.  My gold stock didn’t go up at all, it actually fell down a bit.  Short selling is motivated by the belief that a security’s price will decline, enabling it to be bought back at a lower price to make a profit (from Investopedia).  So if you thought Trump would win and that market would tank (since it’s not the status quo anymore) you may have short sold and your reaction would be like the above cartoon…because short selling wants the market to tank. That way they can buy back stocks for cheap and return them. BUT it comes with a lot of risk, because the sky is the limit in terms of stock price. You have to eventually buy back a stock you short sold, so if price keeps going up, that makes the short sellers react like the above cartoon.


Comics & Cartoons

Angry Old Man

Angry Old ManAngry Old Man

I encountered lots of angry old clients when our company’s interface got updated. They were quite nasty and verbally violent…


Benefits of Smiling

Benefits of SmilingThis cartoon was inspired from reading Scott Adams’ book “How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life“. This is just one of the many helpful tips in the book. It’s one of the best “Self-Help” book I’ve read (and I read many). From Eating Well to Business Writing, he writes about how he failed forward to implement various systems in his life to design a happy, successful life.

Scott Adams is the author of Dilbert cartoons.