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When it comes to financial planning, there’s no such thing as too late or too early as everyone at their age could start planning their finances. The way to manage it might not be the same for everyone, as not all of us are at the same financial stage in life. Let’s take a look at how you can plan your finances at different life stages. The 20s (Building Foundation) Investing at a young age is not as easy as you are just starting to build your life and career. But remember, even though it is not easy, that is[…]

We encounter countless risks throughout our lifetime. Although risks can be intimidating, there are ways to manage and deal with them accordingly. Investment, like everything else, involves a certain degree of risk. You are exposed to different forms of risk when you invest. Even not investing at all has its own risk. An investor should be able to tolerate some amount of risk to build wealth. The risk of investment refers to the potential for losses instead of projected return on investment. The expected profit is never guaranteed when it comes to investment. That’s why having an understanding of the[…]

Years earlier, most analysts expected that in 2020, the global recession will once again hit the economy. With each country taking aggressive containment steps to flatten the coronavirus curve, speculations about the impending global crash in 2020 are now right at our doorstep. Some would even argue that we are already in the recession. The International Monetary Fund (IMF) projected that the coronavirus pandemic would drive the global economy into one of the worst recessions in history. And if the coronavirus remains or a second wave hits, the recovery will be weaker and slower than expected. Some economists even expect[…]

“Properties are the best investments in Singapore” – Almost any other person It is true… To a certain extent. Since Singapore is land scarce, property prices generally goes in an upward trend. Rental fees are always on the rise, just look at all the poor hawkers that had to move due to high rental rates. “Ya lah, so properties are the way to go. Good and secure, good money from rental. Invest in it won’t be wrong. So why am I reading this sia?” – Probably you right now Yes, IF you invest in a property that has a decent[…]

Scams or fraudulent schemes have been prevalent since the beginning of time. Since the existence of money, there has always been some scheme created to part people from their hard-earned money. In this current age and time, pyramid schemes are usually disguised as multi-level marketing or MLM ventures as a means to scam unsuspecting victims. Inherently, most scams work because at the core of it all – greed prevails in the heart of men. And scammers know this well. They use this knowledge to their advantage and prey on people that are looking to get rich quick. It’s not just[…]

Let’s be honest. Chinese New Year is a time where more expenses incur for those who are celebrating. This is especially true for 2020, where Chinese New Year is just a short, one month from Christmas last year. It’s not surprising if some of us are still recovering from the damage done to our wallets. However, is it necessary to go all out with our expenses to have a joyous and prosperous celebration? Some people might agree – quoting that it’s a ‘once a year thing’, or it’s customary to do so. From new furniture, new clothes to even new[…]

It’s that time of the year, bring out the pen and paper for new year resolutions. If you are planning on making new year resolutions that are financially relevant in 2020, then stay on board and let’s look at the options. Thinking about improving your financial state and to have good financial health for 2020 is a great mindset to have for the new year. On your own, reflect on 2019. Are you happy with how it went? If you could do things differently about your finances and lifestyle in the previous year, what would they be? Now it’s a[…]

Here’s the question. What do you think is the best investment for your money? For all it’s worth, you invest in all the different investment instruments known in the market. It ranges from conventional fixed deposit accounts to unit trusts, REITS and shares, to more recent tech-led investments such as robo-advisory and bitcoins. In fact, investors from all over the world are in pursuit of that investment which can give them a handsome and guaranteed return. Now, that’s a dream venture that most people are looking for, hence all the pump and dump schemes you see on the news. After[…]

A couple of months ago, someone asked this question on one of the Personal Finance groups on social media, “Do you need money to be good with money?” And it made me think… Do I really need money to be good with money? Or should it be the other way round? Is it because I have no money, therefore I should learn to be good with money? Could it be, because I have money and therefore I know how make even more money? Or maybe because I don’t have money, and therefore I am bad with money. OR is this[…]

I grew up in a middle-class income family. Money was certainly not something my mother would coin as easy. If there’s anything I remember about money as a child, it would be her favourite phrase – “You think money grow on trees ah??” in a typical Asian mum fashion. With two working parents, we had enough growing up. It wasn’t luxurious, but we weren’t entirely deprived either. There were enough to eat, we had a decent roof over our heads and the privilege of going to school. There were occasions where my parents gave in when I relentlessly wanted something,[…]

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