Author: Yonghui.sg

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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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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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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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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