In life, we struggle to find meaning and purpose as it feels like we are going nowhere and chasing a shiny object after another.

This is why we created the "Pursuing Our Own Paths" Podcast to document our journey as two individuals who decided to go away from the conventional path.

James being an ex-high paying engineer at a well-known US firm to becoming an esports personality and entrepreneur.

Ervin going from a normal student to failing two businesses and finally succeeding in his third business - freelance copywriting.

In this episode, we talk about the importance of personal finance and how you can use the same strategies as Ervin to master your finances (both in the present and in the future). This is a two part series so do stay tuned for part two!

*WARNING: We are not financial advisors and this is not professional financial advice. We are just sharing what we are doing and how it has helped us to become better at managing our personal finances*

We will mainly be discussing:

1) What exactly is personal finance and how do you get started? 

2) Use this well-known mathematical formula to budget your monthly finances (Ervin has a twist on this formula and he recommends you tailor it based on your life stage now)

3) When it comes to growing your wealth, people get confused because there are so many vehicles to do that such as bonds, fixed deposits, stocks etc. Listen to what Ervin chooses as his wealth growing vehicles. (Here are some of them: Cash, Crypto, Stocks...)

4) There's a famous saying that goes like "Cash Is King." Here's why Ervin says that is dumb and why most billionaires don't hold much cash compared to what the public thinks.

5) Most people get broke because they spend money everytime something new comes out in the market. (Think your friend who always has the latest iPhone model or Nike Shoe model) Here's how you can avoid that money trap and get ahead.

6) The "delayed gratification tortoise" rule and how this simple yet effective technique can help you to build your self-discipline when it comes to money.

7) Millionaires and Billionaires get rich because they invest in wealth-producing vehicles while most stay poor because they invest in things that don't produce any returns. Check out what are some of these wealth-producing vehicles. (It's not stocks, real estate, or any traditional instruments you are thinking of)

8) In 2020, the global advertising industry revenue came in at around $600 BILLION dollars. Some people get angry that marketers and copywriters write advertisements that are too "strong" and make people buy things on impulse too many times. Here's how you can use this brain-dead rule to counter against that.

9) A financial survey held by OCBC, one of the biggest banks in Singapore, stated that one in four Singaporeans don't have an emergency fund. Listen to 14:00 of the podcast to find out the importance of having an emergency fund and how this will protect you when shit hits the fan.

10) One of Ervin's friend asked him how does he keep track of all his expenses and monthly transactions. He actually uses a gaming app to track everything and it makes it a very fun process. (Listen to 16:00 of the podcast to find out what is the name of this app so you can use it today as well)

And many more life bites...

Connect with Ervin here:

Facebook: https://www.facebook.com/kaizencopywriting/

Subscribe to the Freelance Copywriter Lifestyle Newsletter: https://kaizencopywriter.com/

Connect with James here:

Twitter:  https://twitter.com/ELolwr?s=08

Facebook: https://www.facebook.com/jlgsoon