Category: The New Savvy

7 Ways to Trick Your Brain Into Getting Rich & Achieving Your Financial Goals

Getting rich is never really “easy”, especially when you are chasing it on your own. On top of that, it’s not just about the amount of hard work you put into that goal; even things such as your upbringing as well as your unconscious thoughts and beliefs on money will affect your progress. Thankfully, there actually are ways to make your way around obstacles like this. When it comes to unconscious, the trick is, well, to trick it. Here are 7 ways to do it: Automate your savings. Before you spend all your month’s income and have a problem with your spending, perhaps due to a hard-to-control impulse to buy, you can choose to automate your regular deposits to your savings account. This way, your savings are safe and sound in your bank account before you get your hands on them. Visit the nearest branch of your bank to inquire about this option. Use cash more often. What we use when we spend affect how we perceive money and their value as well. Obviously, when we use credit cards, it is easier to overspend; this is because you do not see your money being spent. It is for this reason […]

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5 Reasons Why Singapore Women Need Their Own Money

Without a doubt, Singapore women need their own money. In this article, we will discuss the many reasons why this is beneficial. If you think that only women will benefit – think again. Even the whole family will feel the positive effects when a woman is earning her own keep. Fortunately, having your own money is not that difficult to achieve in Singapore. According to the latest reports, Singapore is leading among its Asian neighbours when it comes to closing the gender workplace gap. In fact, one of the biggest companies in the country, Singtel, is a great example. One-third of their senior management positions are female. What is the role of a woman in Singapore? As a woman living in Singapore, you have a lot of opportunities to earn your own money. There is really no excuse to just rely on your husband or someone else to supply your financial needs. Yes – this is even true after you have your own kids. Some people think that a mother’s place is at home, taking care of the kids. Well, that time has long gone. Singapore women need their own money and pursuing that will not necessarily compromise their ability […]

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How Health and Wealth Correlate and Why You Should Excel At Both

Your Health and Your Wealth are Intertwined Are you one of those people who feel like a fitness giant when your financial situation is looking gigantic? It’s no wonder, suggest the most recent survey data. Many people find themselves in this situation. There’s a definite correlation between looking and feeling great and a well-stocked bank account. Certain conditions enjoyed by women and men who have good health and a bit of wealth set the stage for a lifestyle that can amplify both physical well-being and their asset level. Good Health can give Rise to Wealth A survey conducted by TD Bank has discovered that approximately sixty-five percent of their clients who were financially secure also expressed being physically sound. This might make more sense to you once you reflect on all the expensive medical costs that you personally need to pay for yourself and your family. There are routine medical check-ups for everyone. Young family members might need braces on their teeth, a treatment that is often quite expensive and that is ongoing over the long-term. The much older members of your family need to have frequent blood tests to detect or monitor a range of potentially debilitating diseases such […]

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When Rewards Credit Card Churning Becomes Dangerous

When you see banks’ advertisements that boast bonus cash rebate and rewards points, it can be difficult to resist the temptation of applying for a new card just to get those welcome bonuses. But is it really a smart financial move to apply for a card simply to get some extra points? The answer, like many others in the realm of credit cards, isn’t a straightforward “yes” or “no.” The idea of applying for a credit card based solely on its bonus isn’t new. Credit card churners have been doing it for years. Churners are individuals who frequently open and close reward credit cards to collect miles, points and cash back from welcome offers. After using up these bonuses, they quickly cancel their cards to avoid incurring further costs in annual fees. In today’s market, this is a highly profitable hobby: Singapore has some of the most generous credit card offers in the world, and reward credit cards are outdoing one another to compete for the business of everyday consumers. Churners are simply taking money that’s sitting on the table. However, this practice of “credit card churning” has its own pitfalls that cannot be taken lightly. Risk #1: Credit Card […]

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Mobile Services: What You Should Know When You Access Your Online Accounts

Will mobile services become more user-friendly? In a recent announcement, 2 of the 3 largest banks in Singapore are taking the lead to remove physical dongles from their services starting next year. This means that the fuss of owning multiple authentication dongles is finally over. A quick overview of the latest announcements from the major banks in Singapore (as of April 2017): DBS: The issuance of physical tokens will cease to distribute by second quarter of 2018 OCBC: Biometrics authentication is under consideration UOB: Expanding digital tokens for its Internet banking users by the end of 2017 4 Ways to Reduce Expenses and Lower Your Monthly Bills What are physical dongles in mobile services? Physical dongles, or commonly known as security tokens, have been around for the last decade or so. These dongles have been commonly used as part of the 2-step verification process for our online transactions. Many of us are familiar with these dongles either from our banking or government services such as the OneKey token for Singpass. Specifically, dongles generate unique keys to unlock software functionalities through a cryptographic protection mechanism (usually an asynchronous password or a one-time password). To put it simply: Terms What We Mean Dongles Plastic […]

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How To Be More Focused At Work & Increase Your Productivity

It’s pretty easy to get sidetracked and lose focus, especially on days where we perceive it to be a long one. Or, we had a late night movie marathon or a football match the night before. Here are some helpful tips to keep the distractions away, and be as productive as you should be! Make lists. One way to help boost your focus at work would be to make lists, both for the short term and the long term. For one, having a long term list would help you in the larger, wider goals that you wish to achieve, such as a particular sales target or even to be a better team player within the department. It can be anything! Then, utilise the short term lists to help you created and follow actionable steps to move along that path that you set for long the long term. This at least will help direct your steps to the ultimate goal of what you want to achieve. Make The Most Of Your Time In A Coworking Space Create a routine. Many experts advocate creating a routine because it doesn’t require active thought, which drains your mental energy that could have been used […]

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3 Unstoppable Singapore Female Entrepreneurs Making Their Dents on the World

How is it to be a woman entrepreneur in Singapore? It can be confidently claimed that the country is one of the best places there is in Asia for female entrepreneurs; in fact, in accordance with Dell’s Women Entrepreneurs Cities Index, Singapore City is the 5th best city for women entrepreneurs in the world, just coming after the Big Apple and the home of Big Ben. If that isn’t enough proof for you, maybe it would be better to hear for yourself from women entrepreneurs in Singapore who are not only making a name in the country but throughout the world. Check out their stories – the struggles as well as their climb to fortune and success – below. The Ultimate, Step-by-Step Guide to Becoming an Entrepreneur in Singapore Cynthia Chua Think of industries you see the greatest potential and chances of success in entrepreneurship. There is little chance that you thought of the beauty industry, let alone a spa business. But this is what makes Singapore Tourism Board’s Tourism Entrepreneur of the Year of 2012, Cynthia Chua, different from the rest. How she did it:  What motivated the beauty entrepreneur was the fact that Brazilian wax was almost unheard […]

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Interested in ETFs? Get To Know The STI ETF In Singapore

Are you interested in investing in an ETF in Singapore? It is an attractive option because it is just like investing in both mutual funds and stocks. While it is like a mutual fund because it is a collection stocks or bonds, it is also akin to a stock because you can buy and sell it in the local market. An ETF can help you meet several investment goals. It can help you diversify your portfolio. ETF investing is also a cost-efficient option because it is a passive investment – that means lower costs compared to an active fund. It is also easier to add or sell in an ETF investment. The option to actively trade ETFs mean the money you invested remain liquid. In the event of a looming market crash, you can easily respond to it so you can minimise your losses. ETF Investors also get to enjoy higher visibility when it comes to the monitoring of the securities of the fund and how it is performing in the market. After all, an index is usually out there for everyone to see and track. The goal of ETF investing is to track the performance of indices in the […]

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5 Things PMEs Can Do to Elevate To Boss Mode

As PMEs somewhere down the hierarchy in a company, many of us may wonder how to improve our leadership skills. It can be difficult when we don’t have a team to manage, a project to lead or an initiative to spearhead. Although our titles can range from junior/senior/lead executive etc, we are nowhere near the level of C-suite executives. How then can we practise effective leadership in our middle-range roles (or even entry-level roles for fresh graduates)? How can we get ready for the day we are officially given leadership responsibilities? I had the opportunity to interview Er. Chong Kee Sen, Immediate Past President of The Institution of Engineers, Singapore (IES), on a plethora of issues revolving around leadership. Photo: Er. Chong Kee Sen Er. Chong started work as a young engineer with Randal Consultants in 1987 after he graduated with a Bachelor of Engineering (Civil and Environmental Engineering). In 1989, Randal Consultants later merged with two other companies to become Engineers 9000 Pte Ltd. He was promoted to Senior Engineer. Eventually he was made a shareholder of the firm and is currently its Executive Director. So in short, he rose from a junior engineer to become a shareholder, which […]

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5 Points to Consider Before Renovating Your Home

If you are buying a new flat, it is essential to set aside an additional S$50,000 to S$80,000 to renovate it according to your tastes. Those who have lived in the same house for a period of 10 years or more would need to spend a substantial sum to refu…