Reaching for something you really want to have takes hard work, determination, realistic expectations, and savings. All these are vital to achieving your financial goals. The first step that you must take is to organize not just your financial documents but also your time. Commit at least 30 to 60 minutes per week to financial planning including your goals. Planning for your goals start by making them specific. Identify what you really want and how much will it cost. Do
1. MAKE IT MEMORABLE Some job aspirants have this idea that sitting quietly and answering all the interviewer’s questions correctly will land them the job. They are wrong! Interviewers can easily forget you if you do not stimulate their intellect. To make your interview memorable you must take the conversation off script and ask sensible questions about the company. Make your interviewer think beyond the standardized script by giving substantial answers (about important topics including position challenges and solutions) to
People you meet online are not always who they say they are. In 2007, a Singaporean woman was jailed for an online dating scam amounting to about $45,000. A married woman named Maliha Ramu used a false profile to begin an exploitative relationship with Bharani Indran who lives in United States. After Ramu promised to marry Indran, he began to send her money for her “mother’s funeral expenses” and “friend’s wedding expenses”. Protect yourself from getting conned like so by
Money gives people, of all ages, the decision-making opportunities they need. Educating your teens to make wise money decisions earlier on will affect their finances in the long run. One of the most important things you must do is to expose your daughter or son to the basics of investing. In hindsight, I wished my parents did so. 1. ENLIGHTEN THEM ABOUT YOUR FINANCES Embedded in our Asian culture, most Singaporean parents keep their financial issues away from their children.
Our brains are hugely interesting yet highly complex. Although it may seem like you have everything under your conscious control, your unconscious mind can play some tricks on you. It may trap your judgment with errors called cognitive biases. Cognitive biases are flaws caused by memory, statistical, and attribution errors. Understanding and recognizing these biases in yourself is useful when managing or spending money. Awareness of these biases is the first step! 1. STATUS QUO BIAS As I was looking