We all supposed to know what’s the problem with our lives, money.
However, most do not know that we can live happily without too much money.
In pursuit of happiness, many thought the idea of having tons & tons of money and the ability to buy anything they want or able to retire comfortably IS the solution to all things.
However, what I had encountered that many resorted working two jobs and slave through their lives and never seems to be able to save money for the future.
Some pretended to be rich and used future money like credit cards & loans to get by showing people that they are “rich” and worthy of their trust.
This are the many reasons why many people are so unhappy with their lives as they know deep down, they are trapped by the burden of guilt and debts…instead of being happy.
Many people have too much pride to release themselves from the pressure of society and fear being looked down upon hence refused to give up on the addiction of wanting more money at the cost of their happiness.
The real rich people are people that can manage their finance well enough that they don’t spend future money and only buy expensive stuff that they can afford after analysing the value of the item.
Loans are good if people can have high return of their investments and have 90% chance of paying back the loan with interest yet be profitable.
What’s the cost of getting more money and holding on to pride? Some may even resort to crime and spend their rest of their lives unable to be truly happy with themselves.
The society & the surrounding does make the impression of “elitism” and “rich” is good and that mindset have to be changed to “depressing” and “selfish greed”.
To live a stress free live is to spend within your means, do not over spend and work for your passion instead of more money.
If you can’t sacrifice a little of comfort for pride, then you will deserve the slavery & guilt.
I had seen cases that uses money to have “friends”, real friends don’t need to spend money on them and will help regardless of your current situation to the best of their ability.
The problem of gambling in many countries also contributed to the down fall of many individuals and the addiction of gambling IS serious, they will contribute to crimes in the country and cause the break down of many family, friends & business partners.
Let’s simplify your life, cut the overspending, debts and gambling addiction.
Free yourself from mindless unhappy & stress life and pursue your passion instead of slavery to money and pride.
Until we can do that, we are just another statistic after we die a sad overworked old folks that are still in debts even they pass away.
Start today! Manage your finance in & outgoing and be realistic about your plans, don’t let your pride hold you prisoner…and soon you will be free as a bird from debts, depression & have real freedom.
The story starts a few months back when I had received several calls from telemarketers that claimed that their company is having some kind of celebration and wanted to invite me to listen to their 45 minutes presentation in return I will get $800 branded bags voucher or $50 Takashimaya shopping voucher.
I had several such calls before and I had ignored most of them but this two particular companies “The Gold Guarantee” & “Asia Pacific Bullion” are very very persistent in their calls and called repeatedly sometimes twice in a day.
The telemarketer told me in order to be eligible to get the Takashimaya voucher you need to earn more than $4000 a month and I told him that I do not earn that much but the telemarketer says it’s ok just “lie” about my income before the presentation.
In desperation to stop the telemarketer from calling me again, I caved in to their request…unwillingly and since I can get free vouchers…so why not.
The company “The Gold Guarantee” is my first visit located at 42A Boat Quay Singapore 049831 looks filled with people & sales very similar to many MLM pyramid & Time Share decoration.
First the presenter offered me a “tour” of the office with posters of their CEO Mr Lee Song Teck and news paper cutting of him doing an interview about gold investment and how he became rich at 33 years old.
While doing that the presenter offered me a cup of coffee while trying to coax me to relax and eventually sit on a classic 3 chairs table formation.
First, the presenter talk to professionally and tried to find out my “interest” while “interrogate” me on my income & etc.
Eventually, the presenter showed me their gold buy back investment plan with incredible monthly rebates with almost no risk….I can hold on to the physical gold while I get x percent of rebate yearly!
I asked him how come got such good deal, he said the company is using our money to buy more gold to trade in the market and getting more in return and also claimed that their CEO Lee Song Teck have certain amount of gold and etc.
Then the most incredible thing is when I ask him if I can buy the gold from Gold Guarantee, take the gold and sell off to the open market can I still have the ability to get rebates monthly (I think)?
That makes my eyes go bigger, if I don’t have the mantra that there are no free lunch in this world…and got greedy…I might be already in debts borrowing to buy gold from Gold Guarantee.
I said I will consider and get back to him and left and he did give me the $50 takashimaya voucher that I used to buy some grocery :D
Then comes the persistent calls again and this time from “Asia Pacific Bullion Pte Ltd” the telemarketer strangely sounded like from the same people from “The Gold Guarantee” with the same call opening and descriptions except the company name is different.
This time I went to 300 Beach Road #33-04/05/06 The Concourse, Singapore 199555 with the promise of $50 Taka voucher or $700 branded bags voucher (which when on the phone is shopping voucher) and a nokia phone in return of a 45 minutes presentation.
I went in and this time is pretty comfortable sofa and a young lady comes in to attend to me and she offered me a cup of water which was passed to me by her colleague.
She went on talking to me about the gold and went through the discussion and so on…after a while I asked her does is her company “Asia Pacific Bullion” have any subsidiary or sister company?
She said no, not that she know of…then I proceed to ask her who their CEO is…and to my surprise their CEO is the same guy Mr Lee Song Teck from “The Gold Guarantee”!.
After a few more small talk, she message her “manager” to come to talk to me and the manager said the same thing about not knowing that Mr Lee Song Teck have the other company “The Gold Guarantee” and will get back to me.
I told both of them that I will do my little investigation and if I never call them back then it means I am not interested.
I went out of the door to the receptionist and the receptionist claimed that the takashimaya voucher had ran out and proceed to give me the “$700 branded bags voucher” and a nokia phone.
I thought nothing of it and later I found out that the two $350 vouchers are basically worthless as you need to spend at least $1000 per voucher in order to use and the expiry is in a few days time and the Nokia phone is practically worthless too with resale value of only $10 or less.
Then when I reached home, I tried researching more about both companies “The Gold Guarantee” & “Asia Pacific Bullion” have the same CEO Mr Lee Song Teck.
After a few weeks…I got constant & persistent calls from the same group of telemarketers several times a day with me telling them their company even before they finish their opening speech.
Then one of them BEG me to go to their presentation so that she won’t get fired….I told her…I had been to the presentation already by “Asia Pacific Bullion” and should be not eligible for the vouchers.
She insisted that I still can get the voucher just don’t mention that I had been to ANY GOLD presentation before and it should be fine…and the company & location is different.
Being a soft hearted individual, I went to that presentation and I immediately regretted going.
The receptionist is the SAME RECEPTIONIST from Asia Pacific Bullion!
I went through the motion and this time I simply listened to the full 45 minutes and I waste another 15 minutes to talk about why I think the economy & oil and more will go haywire….and purposely waste her time.
She got a message on her smart phone and her face turned blue and quickly concluded the presentation and ushered me to the receptionist.
This time I saw plenty of other “victims” were either waiting to enter or waiting to get the vouchers, the receptionist looked VERY BUSY and delayed giving me the “vouchers”.
On my second request than was I given the “$800 branded bags voucher and the nokia phone”, I asked that I had mentioned to the telemarketer that I wanted Takashimaya voucher but she claimed that the takashimaya voucher had ran out!! (sounds pretty familiar).
Note: I’m the first to arrive to the presentation before ANY ONE ELSE, FIRST TO LEAVE…and the takashimaya voucher had ran out…. -_-!!
Then came the torrent of news about Genneva Gold Scam!!
For those who do not understand Mandarin,
Genneva Gold is in trouble and unable to fulfill its monetary and gold obligations to its customers.
Amount of gold involved is suspected to be more than 500kg.
Company declined to be interviewed and only allow buyers and their sales consultants to enter its premises.
Their scheme works by allowing customers buy gold from Genneva at 20-30% price above spot rate, but the company will give a cash rebate of 2% every month.
Customers given many reasons for delay in payment. They were given “payment vouchers” which were not redeemable.
Lawyers warn that customers dealing in such schemes should always be aware of the full terms and conditions, and more importantly the financial strength of the company. There is a lawsuit ongoing.
CASE reports that complaints against such companies have been on the rise and they are concerned about the companies.
As the schemes are not regulated, they do not fall under the purview of MAS. However, at least three of these companies have been already included in the MAS investor alert list.
Customers relating their experiences and unhappiness.
A group of 20+ investors have gone to CAD to ask for help. The police declined any comments as to whether investigations have commenced or not.
Another two gold companies (The Gold Guarantee and Asia Pacific Bullion, both owned by Lee Song Teck) have offered rescue or buyback plans for affected Genneva customers. Customers are required to join their schemes to get a good price.
The public is warned to check the financial strength of these companies before doing any business with them. These two companies are actually operated by the same person Lee Song Teck and they are also on the MAS alert list.
Reached the location it’s located somewhere in the industrial estate beside Tai Seng MRT
I made the wrong turn and went into the building via the back gate, and went up the wrong stair case lol
I made my way around the building to come to the lift section where the cat & security guard watched me suspiciously.
I went up the lift half expecting a “half life” type of alien to jump at me but no, I see the QCD office upfront hmmm okie.
Once inside, a gush of cold air blew at me like winter and I took a number for the queue.
Hmmm I’m surprised that the queue is actually no much.
As I sat there, I heard the complaints upfront were stupid things that old folks asked for example why the Bluetooth can’t transfer photographs to my Nokia? Why my data cap is 2GB down from 16GB (I want to laugh out loud lol).
At this point, I’m so amused that I nearly forgotten my own problem lol.
Maybe that’s how they humor the people while in the queue haha.
Ding! Ok my number was up in the flat screen LCD television and I proceed gingerly to the genius :3
I explained my iPhone 5 cannot be charged and she tested with her own cable and it works!
She explained that she had received many complaints iPhone 5 cables are problematic and she will replace my cable for free.
I asked if they sell the iPhone 5 lightning cable and unfortunately no they only replace it for me and recommended the challenger superstore (local electronic super store) and I said okie.
Soon I’m on my marry way with a free brand new lightning cable in and out within 15 minutes!
I do remember other tech gadgets support were much much longer… Hehe
Overall I think the experience can be better if there are more support areas in Singapore instead of traveling from west to east for more than 45 minutes to reach that location.
Finger crossed that the replacement lightning cable won’t go kaput (die) on me again! :3
Now, I had analysed my recent activities and suspected that one of my game “Clash of Clans” was always on during charging and the iPhone 5 that caused the “BBQ” of the lightning cable but I’m not sure.
The iPhone 5 does get pretty hot when you do continuously use an intensive application like games, maps, camera and etc but I’m not sure if that’s the cause of the lightning cable going down.
Maybe there can be a software fix for this? I’m not sure, probably apple should do some extensive testing on the spoiled cable that I had replaced.