Author: Yonghui.sg

Aged 40 and above and unsure how CareShield Life will affect you?

This part 2 post is especially written for you if you are 40 and above this year and wondering if and how will CareShield Life impact you. If you are turning 30-40 next year, do check out my previous article about CareShield Life. Some of my clients in their 40s ask me “What is this CareShield Life about? Do I need to do anything if I already have ElderShield?” What is CareShield Life? CareShield Life is a national healthcare scheme to help Singaporeans and PRs cope with the cost of long-term disability care. How different is CareShield Life from...

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Turning 30-40 next year? Here’s what you need to know about CareShield Life

With the recent passing of the bill for Careshield Life in parliament, I have been receiving some questions regarding CareShield Life. So I decided to do up a 2-part series to highlight the key points about CareShield Life and how it will affect Singaporeans and PRs. If you are turning 30-40 next year 2020, this article is for you as you will be the first batch who will be affected. (Do stay tuned for part 2 of the series meant for those aged 40 and above, coming soon! ;) Come 2020, all Singaporeans and PRs turning 30-40 will be...

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4 Low Cost Ways to Get Fit

Getting fit has always been my goal. But ever since becoming a mum, exercising is such a challenge because I always felt Too Busy, Too Tired and Too Lazy 😉 Plus I didn’t want to spend extra $100-$200 each month on gym memberships that I knew I would not have time to utilise fully. This year I finally found some simple, fun and convenient solutions that helped me to overcome my inertia to work out. Best of all they are also very low cost and friendly on the wallet! I’m proud that I have sustained my exercises for the...

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How can we break free from the Singapore Rat Race?

For many working adults in Singapore, work takes up a huge portion of the lives. So our happiness at work directly affects our quality of life and well being. Lately, I noticed a common thread in my conversations with my friends and clients. They have been working for over a decade, some even 20 to 30 yrs and they say they are tired. Tired of office politics, Tired of working with difficult bosses, Tired of the ever-increasing workload and stress, Tired of being overworked and underappreciated Many of them wish for a break and can’t wait for their retirement....

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Three Financial Tips for Mothers

As mothers, we always have the best interest of our children at heart. We want them to be healthy and happy. We want to provide them with a good life, a good future. Parenthood is a phase of life where demands are high and resources like time and money are limited. Out of love, many parents choose to put their children’s needs above their own and sacrifice their personal needs. However, if we truly want the best for our children, I personally feel we as mothers need to take good care of ourselves too. And it is possible to...

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Are You Financially Fit – Part II

In my previous article, I talked about why being financially fit is important and essential to us – like how physical fitness plays a part in our overall health too. I also mentioned the 3 Key Metrics of Financial Fitness – Cash Flow, Net Worth and Risk Management. These 3 metrics are akin to common physical fitness metrics of Cardiovascular Health, Muscular Strength and Flexibility. *Icons are taken from Flaticon.com For those who have yet to read, no worries! Simply click here and check it out before moving on the article below which I will be sharing more on...

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Are You Financially Fit?

Nowadays, we are seeing a greater emphasis on regular exercises and fitness, with gyms and studios readily available everywhere. Being fit makes us to feel good emotionally and physically, plus we get healthier and more energetic! Just like how physical fitness is a key component of overall health, Financial Fitness plays a vital key role in our financial health and well-being. When we are financially fit, we will feel less stressful over our finances, and have more confidence in our future. So what is Financial Fitness? Financial Fitness consists of 3 Key Metrics – Cash Flow, Net Worth and Risk...

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Top 3 Challenges in Retirement Planning – and what we can do about it

When I talk to people about retirement planning, I often get comments like “Of course I want to retire, as soon as possible!” When asked the preferred age, some even jokingly said “like yesterday?” Retirement is something many look forward to – a time of freedom when we can finally enjoy our life and doing what we love. Most of us understand intellectually it’s important to plan and save for the future. You have even told yourself at some point that “Ok I will start doing something about my retirement planning”. Yet when it comes to the actual execution, there’s always...

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Meet Michelle, an ordinary woman who successfully retired at 48

Recently I caught up with Michelle, my previous ex-supervisor from my corporate job. We met up over lunch at Orchard on a weekday and I was so surprised to see her dressed in her yoga attire. In my back of my mind I were wondering, is she not working?? It turned out that she retired last year (at 48! Really?) and is now enjoying her life at a leisurely, relaxed pace while doing what she loves. She goes for yoga classes 3-4x a week, taking good care of her health, does healthy cooking at home and travelling occasionally with...

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Let’s Talk About Cancer on 17th May 2018

We have probably heard of or even know someone who had cancer. Because the odds are real – 37 people get diagnosed with cancer everyday, according to the Singapore Cancer Registry. Cancer cases are also rising sharply in Singapore, especially breast cancer in women and prostate cancer in men, with breast cancer more than doubling over the past 40 years. The worst part is that cancer does not discriminate. We used to think it’s the old, unhealthy or those with family history who are at risk of falling ill. But nowadays we hear of young healthy people, even children being...

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Investing too risky? Here’s 5 strategies to help you get started

“I know the bank interest is pathetic and I should do something about it” I often hear this from women I have spoken to. Yet there is also another voice at the back of their mind, “But what if I invest my money and ended up losing it instead?” In our recent survey, we heard from women across various age groups about their challenges with investing. More than 60% of the participants have either considered investing but did not get started or have invested before but are no longer active. The top challenge cited by this group was the risk factor, the...

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Fun at the Cashflow Game for Ladies

Recently Women Enrich Network organised a cashflow game for a group of ladies and we all had a great time! What’s the cashflow game all about? The cashflow game is a board game designed by Robert Kiyosaki, author of the book “Rich Dad, Poor Dad”. This game teaches the concepts of personal financial management and investment strategies to get out of the rat race and enjoy financial freedom. In the game, each player takes on a different profession e.g doctor, engineer or even janitor, each with his or her own set of financial statement (monthly income, expenses, assets and...

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What’s really holding women back from investing?

Recently I had a lunch gathering with a group of close female friends, all of whom were busy working mothers. The conversation revolved around the typical topics – kids, family, travel and lifestyle matters. And this sounds perfectly normal isn’t it? Put a group of ladies together and we can chat on anything from travel to fashion to food to children… but seldom do we discuss on financial matters, particularly investing. To better understand the challenges holding women back from investing, my team and I conducted an online survey recently. Here were the top 4 reasons that respondents shared. Insecurity...

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The Real Reason Holding Women Back From Investing

Recently I had a lunch gathering with a group of close female friends, all of whom were busy working mothers. The conversation revolved around the typical topics – kids, family, travel and lifestyle matters. And this sounds perfectly normal isn’t it? Put a group of ladies together and we can chat on anything from travel to fashion to food to children… but seldom do we discuss on financial matters, particularly investing. To better understand the challenges holding women back from investing, my team and I conducted an online survey recently. Here were the top 4 reasons that respondents shared. Insecurity...

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Fancy a spring clean for your financial house?

With Chinese New Year just around the corner, many people will be busy tidying up the house, throwing unnecessary stuff and sweeping the dust away to welcome the New Year. While you are at it, how about spring cleaning your personal finances too? Now is a great time to organize your finances and enjoy greater prosperity in the new year. Here are your personal finance spring cleaning checklist for a ‘HUAT’ 2018! As you spring clean your finances and reorganise your resources, you will discover ways to save more money and grow your wealth more effectively. You will get a much...

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