Search Results for: miles

Top 10 Financial Milestones Every Singaporean Should Look Forward To

In a recent study conducted by Nielsen, it was reported that nearly two-thirds of Singaporeans share the optimistic belief of achieving their financial goals in the future. However, we all know life would be a whole lot simpler if survey optimism was an indicator of our financial destiny. The financial expectations and needs of Singaporeans at each stage of their life are variable, and a pro-active approach to managing these goals via a healthy savings and investment portfolio is the singular key to financial survival. We have to remember the fact that one-third of Singaporean respondents still felt that...

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How to Extract Maximum Value From Your KrisFlyer Miles & Subtract Travel Expenses

Despite the immense impact of globalization and hype about a future with ubiquitous connectivity, it’s a pity that air travel is still considered the transport mode of choice for the elite. Yes, affordable air travel is still a distant dream and most wanderlust-inspired bucket lists are left unfulfilled due to the financial burden they can put on one’s lifestyle. For Singaporeans, the budgeting for air travel is an even more unrealistic challenge since they already have their plate full with sky high living costs. Most Singaporeans hold out for promotional periods to make their bookings months in advance to...

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Net Worth Update (May 2014) – $100,000 Milestone !!

Current Net Worth Assets Apr-14 May-14 Change % change Savings Account 1 $7,081.85 $3,100.93 ($3,980.92) -56.21 Savings Account 2 $2,185.46 $2,165.46 ($20.00) -0.92 Savings Account 3 $39,440.36 $41,367.34 $1,926.98 4.89 Stock Holdings $9,860.00 $10,915.00 $1,055.00 10.70 Phillip Money Market Fund $40,105.56 $45,121.11 $5,015.55 12.51 Physical cash $1,000.00 $1,000.00 $0.00 0.00 Market Value Of BTO Flat (to be built in 2016/2017) $750,000.00 $750,000.00 $0.00 Total Assets $849,673.23 $853,669.84 $3,996.61 0.47 Liabilities Home Loan $617,500 $617,500 $0.00 0.00 *Net Worth (including flat to be built in 2016/2017) $232,173.23 $236,169.84 $3,996.61 1.72 Investible Net Worth $99,673.23 $103,669.84 $3,996.61 4.01 Highlights Completed the...

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$250K – First Milestone Target Reached!!

I started out my journey some 4+ years ago and back then I had set out a 10-year projection target for myself. I tried to review them at the every interval of my birthday month to see how I was doing and if the target was overly ambitious. Projection Target Year Year Starting Capital Cumulative Annual Capital Injection  Dividends on Starting Capital Total Yearly Dividend Payout Monthly Passive Income 0 1/9/2012 $100,000.00 $60,000.00 $6,000.00 $6,000.00 $500.00 1 1/9/2013 $166,000.00 $60,000.00 $9,960.00 $13,920.00 $1,160.00 2 1/9/2014 $245,920.00 $60,000.00 $14,755.20 $19,190.40 $1,599.20 3 1/9/2015 $345,030.40 $60,000.00 $20,701.82 $25,453.25 $2,121.10 4 1/9/2016...

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Global Leaders in Islamic Finance: Industry Milestones and Reflection

What is Islamic finance, and how is it different from its conventional counterpart? Why is there a need for it, and how did it all start? Is it only for Muslims? Addressing all these questions is a new book, Global Leaders in Islamic Finance: IndustryMilestones and Reflection. Unlike any other textbooks or technical books on Islamic finance, this book is neither about the finer details of Islamic financial structures nor the intricacies of technical issues challenging the Islamic finance industry. Taking her cue from authors Jack Schwager and John Train, Emmy Abdul Alim has brought together an elite group of...

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A Milestone!

Full article click here I was honored to be invited by Singapore Business Review to do a commentary piece on stock trading. Looks like I will be doing more of this for them in the future. Stay...

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ISOTeam Celebrates Milestones; Ups Ante For Next Stage Of Growth

Thus far, 2013 has been a year of exciting developments for the building maintenance and estate upgrading contractor, ISOTeam, which saw the company make a stunning debut on the Catalist Board of the Singapore Exchange and post a stellar set of financial results. Not resting on its laurels, the company is stepping up growth initiatives to ride the next green wave to greater heights. ISOTeam first made impression when it hit the Catalist Board on 12 July 2013 with a sparkling debut; closing at $0.345 or 56.8 percent higher than its offer price of $0.22. And despite the volatility...

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Net Worth Update (May 2013) – First Milestone Achieved!

Current Net Worth Assets Apr-13 May-13 Change % change Savings Account 1 $3,029.26 $2,429.26 ($600.00) -19.81 Savings Account 2 $1,525.66 $3,133.53 $1,607.87 105.39 Savings Account 3 $18,567.34 $20,080.16 $1,512.82 8.15 Investment Linked Fund $8,710.40 $9,126.35 $415.95 4.78 Schroders Commodity Fund $9,510.86 $9,463.89 ($46.97) -0.49 Stock Holdings $10,050.00 $10,135.00 $85.00 0.85 Phillip Money Market Fund $15,020.14 $15,025.34 $5.20 0.03 Physical cash $1,000.00 $1,000.00 $0.00 0.00 Market Value Of BTO Flat (to be built in 2016/2017) $750,000.00 $750,000.00 $0.00 Total Assets $817,413.66 $820,393.53 $2,979.87 0.36 Liabilities Home Loan $617,500 $617,500 $0.00 0.00 Net Worth (including flat to be built in 2016/2017)...

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A new milestone for SG Web Reviews

SG Web Reviews stormed past 51,000 pageviews today. This is a new milestone for my blog and to be honest, I am very pleased that my blog’s readership has been rocketing over the last six months. Although I started this blog three years ago, I stopped blogging for quite a while in 2011 because of work commitments. At the end of 2011, pageviews for my blog was 8500. The increasing popularity of SG Web Reviews is a compliment to me and serves to reinforce in me that I am going the right direction. I hope that by the end of this year, my...

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Coffee with FFN and Robert Miles

Robert P. Miles is an internationally acclaimed keynote presenter, author and distinguished authority on Warren Buffett and Berkshire Hathaway. Pursued by journalists and media moguls on just about each and every move that Mr. Buffett makes, Robert is a long-term shareholder of Berkshire Hathaway. He also has had the great honor of getting to know Warren Buffett, the man and the remarkable wealth-building strategist.  FFN: In which year did you start divulging into the world of Warren Buffett and what got you started in the first place? Robert Miles (RM): I first became interested in investing with Warren Buffett’s company Berkshire Hathaway...

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My Passive Cash Flow Milestones

I have 3 milestones for my Passive Cash Flow – namely $10,000, $50,000 and $100,000. Let me tell you that generating my first $250 is the toughest unless you are willing to move that first step into the passive cash flow journey. However, after overcoming $250, I am able to move on to $500, to $1,000, to $2000 and beyond. It is a slow and steady process. A milestone needs to have a value and a date. The Most Difficult Problem I Have Faced The most difficult part of the whole process is the question that lingers in my...

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$20 approx per block of 1,000 KrisFlyer Miles via HSBC Credit Cards

HSBC Credit Cards have a promotion whereby: The new HSBC rewards programme allows cardholders to purchase Rewards Points in blocks of 1,000. Every 2,500 Rewards Points = 1,000 KrisFlyer Miles. HSBC allow cardholders to purchase 1,000 Rewards Points for S$8. 2,500 Rewards Points= 1,000 KF Miles= $20. There is also a S$42.80 annual mileage transfer fee. Essentially, you get to travel at discounts over SIA’s published rates. Award Tickets are also more flexible. You are able to change dates, flights, so long as the flight change is a same tier city (e.g. 29,750 KF Miles gets you one way...

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Working Adults: Money Checklist In Singapore

What am I not doing financially? Life in your 20s and 30s can be a financial mess. Late night partying and long hours at work (rinse and repeat) immediately after coming out into the working world. On the weekends, you ponder… What other Singaporeans are doing with their financial lives and what are the key areas you should probably look at. 5 important checklist items  Sort out your money accounts Get basic insurance plans Understand and start basic passive investing Work towards a first financial milestone Join a free community to learn together 1) Sort out your accounts This...

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A Typical Singaporean Financial Journey – Up To $422K Projected Expenses

Living in Singapore can be really stressful. Due to the high cost of living, life is constantly about planning ahead and working toward certain milestones such as marriage and starting a family. Every milestone comes with a price tag! This article serves as a benchmark to how much you roughly need for each milestone in life and a strategy on how much you need to start saving/investing every month to clear this debt. Fact: You will probably spend up to $422K by Age 30  The early life stages of a Singaporean involves 5 most financial milestones. According to our research...

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A Guide for Young Adults to Financially Plan for Getting Married, Renovation and Baby

The early phase of your young adult life involves getting started in working, earning income. It also involves some big milestones that young adults have to come to terms with in Singapore. You need to apply for a BTO HDB flat early because it will take some time (3-5 years) to build. Once you get the keys to your flat, you have six months to register to be married. Most couples usually bundle the traditional wedding together. For some couple, they plan to have the baby within the first 2 years. This is the script. Financially, the challenge is...

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