Personal Finance

Six Financial Beliefs To Have Or To Scrap

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TAKE THESE IN An article by Dr. Matthew James, the President of The Empowerment Partnership, enlightened its readers on the essence of prosperity. He interviewed several people who embodied a healthy relationship with money. This research led him to eight financial beliefs, which the “prosperous participants” agreed upon. Here are just three beliefs to consider: “Money demands attention.” Failure to keep up with your monetary affairs can result to trouble. Your mountain of bills and outstanding loans will not disappear

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Retirement

Supporting Parents Who Do Not Have A Retirement Plan

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It is not unheard of for Singaporean children to take care of their aging parents. This is partly due to our unwavering Asian culture of familial unity. We even have a legislation for it! Protected by the Maintenance of Parents Act, senior citizens who are unable to sustain their lifestyle can apply to the court in order for their children to provide a monthly allowance. More than just a social obligation, there are four steps to begin a retirement plan

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Investments

How To Start Investing In Singapore

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As Kemmy Nola once said: “The beginning is always the hardest”. So, do not immediately quit on your dreams of becoming an investor. Consider these tips: BUILD YOUR SAVINGS Maintaining a robust savings pod is the initial step that you have to take before plunging into the world of investments. Your savings account will act as a cushion to help you handle unforeseen market shifts (e.g., fall of the Lehman Brothers). You do not want to lose all your retirement

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Savings

5 Foolproof Ways To Save Money As A Student

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If you cannot ask for a boost in your school allowance, you need to get creative to stretch your dollar! TAKE ADVANTAGE OF FREE COMMUNICATION I recently savored a blissful lunch with my long-term friend. Our conversation took an interesting turn as we shared our childhood stories. When she was a teen, she made countless overseas calls to the Philippines. Her father was immensely surprised that her bill amounted to S$400. A plane ticket would have been cheaper! Many students

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Investments

Why You Should Invest into P2P Lending in 2017

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Is expanding your investment portfolio one of your 2017 New Year’s resolutions? Unsure about which opportunity is best? Then P2P lending might be the right investment for you! Hailed by asset managers and investment experts as a new asset class with attractive returns, P2P lending is slowing catching on and moving mainstream. In 2015, P2P lenders originated loans worth $64 billion through a mix of retail and institutional investors. Market researchers expect the industry to grow at a cumulative annual

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