Teaching a kid about saving at an early age can definitely prove to a great thing for you. Your kids must understand if money is a weapon or a tool. The habits of your kids start developing at a very early age, say 7 years. However, if you have not started teaching him these lessons when he was seven, you can still start now. It is never too late.
We all work very hard for what we earn and that is why it would be very disheartening if we were to engage an investment advisor who is not up to the job. But luckily for you, we have come up with a few questions that you could ask your potential advisors, in order to gauge their proficiency for the job at hand.
Singaporeans love their acronyms. So, here’s another one to add to your list which may also add to your coffers – SRS. What should interest you about the Supplementary Retirement Scheme is that, if properly managed, it not only helps you reduce what you pay to the taxman, but can also help you achieve the… Read More »
If you’re looking at achieving financial security in your 30s, saving is a great place to start. But, saving alone will only get you so far.
In Singapore, interest rates (we’re not talking about high yield savings, or those that require lots of banking transactions or high initial deposits) have been hovering around the 0.15% range. This means that even if you put in S$1,000 a month, your annual S$12,000 savings will only earn you S$18 in interest.
If you want to build your wealth, you need to make your money work for you even as you work for your money. There’s no better time for this than your 30’s.
The Asian Infrastructure Investment Bank (AIIB) is an establishment, the creation of which was suggested by the government of China. It has been operational since 16 January 2016. It is headquartered in Beijing. The purpose of this multilateral development bank is to provide financing for infrastructure projects in the Asian region. Why was AIIB formed and… Read More »