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 ADB Infrastructure Investment Bank or the Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. The purpose of this multilateral development bank is to provide financing for infrastructure projects in the Asian region. AIB is considered by some as a rival to the International Monetary Fund, the… Read More »
You have been working for quite a long time and you also earn pretty well. You plan to get married to the love of your life and in a couple of years you are blessed with a child. As your child grows up, you give him the best of things so that he is always… Read More »