The Top High Income Skills, Chocolate Finance, and Overcoming Boredom, Frustration and Impatience

Benedict Goh

Aug 28, 2023

Having a high income gives you more optionality in life.

Saving is sensible but has limited upside potential.

Earning, on the other hand, has unlimited upside potential.

But it’s important not to learn a high income skill for the sake of money.

Not all high income skills are worth learning.

Consider the following factors when picking the right high income skill:

Interest

Strengths

Time and effort
Alignment with lifestyle

Don’t learn a new high income skill just for the money.

The list of high income skills are sure to change over the years.

Picking one just for the money is going to cause you a whole load of pain when this happens.

10 years ago, we’ve never even heard of this profession called ‘data scientist’?

Now, it’s one of the most highly paid and sought after role in the market.

Who knows what the next big thing is going to be a decade later?

It’s why we should all strive to find a high income skill that we truly enjoy learning.

SG Budget Babe - Is Chocolate Finance legit?

GXS reducing their interest rates after just 29 days have caused an uproar among customers (me included) who entrusted their savings to the platform.

I have since withdrawn all my cash and put it into my UOB One account which earns me 3.85% interest annually.

Now, there’s a new kid on the block called Chocolate Finance.

They have dangled an attractive interest of 4.5% on the first $20k of funds deposited per customer.

Chocolate Finance’s managed account primarily invests in short-duration fixed-income funds and money market funds.

Your funds get invested into a selected portfolio of short-term high-quality bonds determined by the portfolio managers at Chocolate Finance.

A question to ask before putting your savings here:

Does the reward outweigh the risk involved?

Getting 3.85% risk-free sounds a whole lot better than a non-guaranteed 4.5%. The extra 0.65% does not justify taking the additional risk (in my opinion).

Overcoming Boredom, Frustration and Impatience

Boredom

Boredom can cause sane people to go insane.

But it doesn’t have to be this way if we can make boredom our friend.

Being bored provides us with the platform to explore things we’re genuinely interested in. It’s how we find meaning and purpose in our work.

Instead of viewing it as a negative emotion, let’s make boredom our friend.

Frustration

A painful emotion that is oh-so-familiar. Happens to the best of us.

Screwing up a work task, not hitting our goals which we set out to achieve.

When frustration hits us, there’re 2 paths we can choose from:

Bitch and whine about the situation and not change a thing.
Take action to improve the situation

Choosing path #2 means we see frustration as a challenge, not a threat. We use this as motivation to accomplish our goals.

Impatience

This world is full of people chasing instant gratification.

Some examples:

Eating junk food instead of a healthy snack
Going out for late-night drinks instead of having a good early night’s sleep
Buying a new car/ house as soon you as get that raise you’ve been looking for

Not saying that any of these are bad when done in moderation. But when it happens too often, that’s where the problem lies.

Patience is a rare commodity in a world where people are shouting “Now, now, now!”

When we reframe impatience as anticipation the world gets brighter.

The positive feelings from anticipation are so powerful it actually beats getting the thing you want.

Looking forward to the vacation makes you happier than being on vacation. Anticipation also predicted better enjoyment of vacations.

It’s the anticipation from having something to look forward to, where we know good things are coming.

That's all I have for you today.

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