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Why Earning More Matters
So recently I came across a couple of you tube videos where they were doing case studies on families that are struggling on combined income of greater than SGD$10k/month. Honestly, $10k combined income for a family with kids and older parents in Singapore is barely enough. I know I might get flamed for saying this,…
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What is the big deal about Quiet Quitting?
When I first read about quiet quitting, I thought that sounds like I am just doing my job. What is quiet quitting? My understanding of it is, just doing what is required of your job’s responsibility, but not going above and beyond what is expected. What is so bad about that? Nothing, in my opinion.…
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Get Smart With Money – Key Takeaways
“Get Smart with Money” is a new documentary on Netflix that focuses on personal finance. It features 3 individuals and a couple with different financial backgrounds trying to reach their goals with the help of financial coaches. Spoilers ahead. Their Goals Early Retirement Couple John and Kim who are trying to reach Early Retirement. John…
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I tried StepBet for 6 weeks and here’s how much I won.
What is StepBet? StepBet is an app that lets you place a bet that you can complete the X number of steps for X weeks. You win if you can complete the challenge. If you cannot complete the challenge, then you lose your bet. How does it work? Each challenge is defined by your weekly…
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How to save $1000 in 3 simple steps
When I first started working around 20 years ago (yes, I am that old) fresh out of polytechnic, I had zero savings. My first job made $1,200 a month. 2 years in, I still don’t have $1000 in savings in my bank account. I was a spendthrift back then. I was buying new gadgets almost…
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Investing With CPF Monies
Can I use CPF for investment? You can use your CPF savings that are in the OA and SA for investing under the CPF Investment Scheme(CPFIS). To do that, you will need to open a CPF Investment Account with either UOB, DBS or OCBC bank. Any one of these banks will do, there is no…
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Should you keep finances separate as a married couple?
Recently, I came across this thread on Reddit. Basically the poster found out his wife of 4 years has a secret savings account and they are getting a divorce. I won’t comment who’s right or wrong. But I do feel that this is why it is important for married couples to have separate finances. Why…
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The Sunk Cost Fallacy in Investing
Have you ever eaten food that tastes bad, but you continue to finish it because you have already paid for it? Or have you ever tried to win a toy at a fair, and in the end, you spend so much more that it would have been cheaper if you just bought it yourself? Or…
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The 3 Whys
My almost 3 year old daughter often drives me crazy with her constant questioning of whys. But did you know, one of the best way to find the root of a problem is by simply asking why? A couple years ago, I was really unhappy at work that I wanted to quit my job. I…
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Money is not everything, is it?
Is money everything? Find out more in this post