Life, indeed, is short. 83.2 years — this is how long the average Singaporean expect to be on Earth, for year 2018. 83.2 years to leave a legacy, 65 years till retirement, 20 years to reach early adulthood, 12 years to end off the fun of a childhood. We don’t actually realise how short lifeContinue reading “Life and personal finance in their Essence”
Tag Archives: Financial Literacy
His money, her money, our money
Prior to marriage, individuals have complete control, access to and allocation of their income. Once a family nucleus is formed, different ways emerged whereby money is managed in the household. Some families maintained separate control, taking turns to foot common bills; some have minimally a joint-expenses account, whereby both spouses contribute equally. In some countriesContinue reading “His money, her money, our money”
Inculcating transferable and manageable savings and investment habit
It is pretty interesting to note that parents who on one hand disagree on spoiling their children with a golden spoon, yet be willing to pamper them with the latest IT gadgets or wants. Some disagreements which we commonly hear are Children should work and earn their own keep for their own university education. TheyContinue reading “Inculcating transferable and manageable savings and investment habit”
People are rationally irrational
Ever since the first case of the 2019-nCOV discovered in Singapore on 23 Jan, the current number of confirmed cases stand at 40. The equities market, especially tourism-related stocks, have taken quite a hit. ‘Disease Outbreak Response System Condition’ (DORSCON) in Singapore had been raised to ORANGE (the second most serious tier) on 7 FebContinue reading “People are rationally irrational”
Teaching your little ones Personal Finance
For parents, especially those with young children, the art of educating them on appreciating the value of what money can do has to start from young. Why so? Call it the beauty of youthfulness — the young, unmolded minds is the best time to inculcate good values and habits. This is the phase of lifeContinue reading “Teaching your little ones Personal Finance”
Theory of Constraints 