Author: SimplyJesMe

Do you want to be a financial consultant?

I overheard 2 undergraduates talking among themselves while queueing for food and it’s quite an interesting topic that I, myself have pondered before. One of the guys asked his friend why he is not considering to be a financial consultant, aka insurance agent. He went on to illustrate that his friend got an AIA scholarship. 1 year before he graduates, he already has a job and can afford a BMW. The friend is not studying so hard anymore because he already has an iron bowl job (They never retrench anyone). His friend gave a few valid points but I...

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How to choose a good infant care

After a long debate on whether to choose a nanny or infant care for my baby, I previously decided on a nanny near my house. However, after only 2 weeks, my nanny quit on me. She wanted to work only from 7am to 5pm which is totally different from our agreed upon 8am to 7pm. I negotiated to 8am to 6pm but she has decided not to take care of my baby anymore. So, a mad rush of last minute hunting to find an alternative. I visited several infant care further away from my place as the one nearest was...

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Review of Mt Alvernia

As my gynaecologist is from a private clinic, I can only choose the private hospitals which are Mt Alvernia, Thomson Medical, Mt Elizabeth and Raffles Hospital. From a survey of my friends, Mt Alvernia is the most popular one followed by Thomson. Read more...

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Infant care vs maid vs nanny

Headache. After giving birth, the headaches never stop. Many decisions to be made, a lot of lifestyle changes will take place. Definitely, higher expenses incurred and it’s up to us to decide a balance between quality care for the baby and financial costs. I actually did a pros and cons list on each just to better understand what I really need and which can fulfil my needs. Infant Care Pros; Quality caretakers and relatively safe environment as there are several caretakers on the look out. Location wise is good if you can secure one in your estate. Child would...

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Pregnancy and delivery cost in Singapore

As per my previous post, I delivered naturally without epidural. Mount Alvernia’s maternity package at 2016 I stayed in a single ward with normal delivery so I had to deposit $3100 (as per the cost stated in the picture above) as soon as I was admitted to the delivery ward. I do not see the need to specify the St Michael’s ward or anything better because the single ward is comfortable enough. My husband stayed overnight for 2 nights at $80.25 per night including GST. You can only have a companion for single rooms and above. My overall hospital charges...

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Branded goods

I wonder what it is with branded goods, why everyone seems to want to own it to elevate their status and position in the society. I thought cash is more important but apparently, your face value is very important too. I have a high income earner friend who is at the top 1%. She has all the things I do not have. Her Prada purse costs more than $3000, her Gucci bag more than $5000, her Mercedes Benz costs around S$200k. Sometimes I feel a bit out of league talking to her. When I buy presents for my friends,...

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Should you invest in gold?

I have learnt a lot from the online financial course that I am taking currently. Now the topic is on gold. I heard that all Indians have safety deposit boxes in banks to store their gold. It is said that Indians can be cash poor but they definitely will have gold. Gold is their last resort to pawn off and it is reported that Indian hold 20,000 MT of gold, worth more than $1 trillion. Gold has been used as a financial asset for more than 6000 years. It is one of the oldest ways to store wealth. Gold can...

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Want to advance faster in your career? Be the problem solver.

My recent encounters in my workplace had a recurrent theme, that problem solvers advance faster in their careers. Here are the 3 stories. Story 1 2 new colleagues, A and B joined my company recently and they were assigned to a project. A seems inquisitive as he asks many questions, while B looks thoughtful and usually reserves his comments. As they are sitting close to me, many of their conversations goes like this. A: “Look at this, it is giving me error.” B: “Let’s backtrack, what were you doing before the error came out?” A: “I was doing the...

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Simply Sales Talk: Transport allowance

For most sales person, a car is a necessity. I remember how it was compulsory to have a car for me to get my first job. No car, no job. How nice if I could own a red car In 2009, I bought myself a second hand car. It was a luxurious buy for me as a new graduate. At that time, the economy was doing badly due to Lehman brothers so COE was hovering around 5 to 15k. I could only afford the cheapest which is a 2 years old Toyota Vios at 42k with COE at 12k. Unlimited...

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The role of financial markets

I am still learning more through MOOCs where I have wrote about previously. Currently, there is this interesting course about Understanding Financial Markets and I would like to share some of the course information with you although you might already know about these. 4 functions of financial markets are: 1) Pooling of resources – Transfer the savings of each investors to corporations. This will allow corporations to expand and use the resources to benefit more consumers. Investors are also able to share the profits and debts. 2) Transferring resources across space and time – You can trade across borders of different countries and time zone....

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Simply Sales Talk: Employability

I had a chat with colleagues and we brainstormed a few ideas on how to remain relevant and enhance employability. Let me share with you: We won’t know when an explosion in our career may occur 1) Broaden your horizons One of the key points to note is to try your best to get exposed to different industries and applications when you are young. Staying in one industry for 20 years might be good for bonuses but it may be restrictive when the industry is undergoing retrenchment when you are 45 years old. By that time, you can’t switch...

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A shouting incident

It was a normal day. My family and I were having zichar dinner in a neighbourhood restaurant. Not high class at all but there was air con so it’s quite a comfortable setting. Then suddenly, we all heard a loud shout: “You think we stupid is it? Are you saying we are idiots?” This was spat out by a father carrying his toddler daughter. The incident happened because he and his family felt that the crabs were not fresh, but yet they finished the whole plate of crabs. The chef came out to explain that there should be no...

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How to find your passion

Since starting work a number of years ago, I have been on the search for my passion but to no avail. Things I have tried taught me what I dislike, but what I like is few and short lived. This elusive passion I want is the passion in work, a career I could spent half my life building, be excited for and proud of. The search has so far been a needle in a haystack. Despite the lack of passion, I think I’m surviving okay in this rat race. A shelter over my head, ample food, occasional splurges and...

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Money is the root of all evil

My friend’s wife literally forced him to take a part time job on top of his full time job so that they can have more money to spend. When he told us this, my jaw dropped literally. I really hope this is not the normal way of thinking because this is quite worrying. Instead of thinking of ways to save and cut down on your current spendings, you are resorting to a harder way which is to earn more. Instead of reflecting on your own lifestyle, you have to work longer hours just to sustain it. Even when you...

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How to buy SGX stocks

This is a common question that is asked by every new investors out there. So when my friends started asking this question, I am really happy because that means they are heading towards the right direction: Investing for income. First of all, let’s start off with SGX or Singapore stocks. You will need to open a CDP account and also a trading account. The minimum age is 21 years old to start trading online and do bring along your IC for registration. The main trading platforms are: Philips Security (POEMS) – Any of their investor centres UOB Kay Hian,...

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