Author: SimplyJesMe

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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Simply Sales talk: Why everyone should try sales

Just for a short stint even if it will not be your life long career. Be it part time sales promotion or insurance or even MLM. The skills that you picked up will be the most applicable in life. Let me go on further as to what the advantages of doing sales are. 1) You will be better in communication Normally, sales people will have to come up with stories on why their sales numbers are better or worse than expected. Maybe it’s due to the economy or competitor’s marketing program. You will need to explain on why things happened....

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Welcome AMEX true cashback card

Last year, I also did cleaned up my finances for the New Year. This year is no exception either and it’s a good habit to get rid of unwanted things every year. Due to recent changes to the FRANK card where they require minimum spending of $400 for offline transaction, I cancelled it this year. I only started using it in 2014 so I am sad that I have to cut away the nice jelly bean card. There is no point keeping it since I will not be using it any more. Obviously I still have my OCBC 365 card so as to accumulate interests for...

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BOC Smartsaver vs OCBC 360

My friend alerted me to this BOC Smartsaver account and said that I am biased not to review on it. I think he just wants me to write it for his own consideration. Anyway, to be partial, I will comment on it and decide which is better for me. Introducing the Bank of China Smartsaver account: All the rules copy are the same as OCBC 360, even the $60k limit. What is different is only the interest percentage. As I mentioned before, these are the only 3 criteria that I can satisfy as mentioned previously: Credit salary: BOC (1%)...

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How oil prices affect us

The oil and gas industry has always been enjoying a high level of prestige. When anyone mentioned that they are working in that sector, straightaway people will know that it comes with at least 3 months bonus. At their peak, some oil companies here give out 8 months bonus which is common knowledge in the market. Now, I heard the standard is only 3 months bonus. To the consumers, hooray to the falling oil prices! A drop in oil price means some savings in terms of fuel for drivers, for electricity and other resources. There will also be lesser cost for importers and exporters due to lower fuel prices used...

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