How to Create Passive Income
Every week I have friends who ask me how to create passive income in Singapore. There are many ways, including property rental, stock dividend, MLMs and e-commerce. But all the above have a certain level of risk. (more…)
Category: Financial Planning Articles
As our world, society, lifestyle, economy and life circumstances continue to change and evolve, so does insurance. Current insurance plans are now it enable us more customization and flexible according to your needs.
But there so many types of insurance policies out in the market, how to choose the right one? What you should look out for? Even if you can afford it, you don’t have to buy every type of insurance. Contact me for a holistic Insurance and Financial Planning Services.
Best Financial Advice
Best Financial Advice
Everyone is looking for the best financial advice. But we must understand that not every piece of advice, even from the most successful people, is appropriate for everyone. That is due to the fact that not everyone’s financial situation is the same. In order to efficiently organise our finances, we must first assess our existing financial situation and future needs. (more…)
5 Biggest Pitfall to Avoid When Planning for Retirement
5 Biggest Pitfall to Avoid When Planning for Retirement
5 Biggest Pitfall to Avoid When Planning for Retirement. While thinking about retirement, one can be tempted to believe in the idea that it’s just a matter of saving for a while and the money will be there when need it. It’s not as simple as that. Experts advise us to plan ahead, estimating what expenses we might have in the coming years. If you’re planning for retirement, here are 5 things you should avoid: (more…)
Singapore Insurance: What is ElderShield and CareShield Life
Singapore Insurance: What is ElderShield and CareShield Life
What is ElderShield?
According to CPF Board, Ministry of Health first launched ElderShield in September 2002. ElderShield was offered to eligible Singapore Citizens and Permanent Residents (PRs) who had a MediSave Account (more…)
Singapore Insurance: on Four Top Misconceptions of Insurance
Singapore Insurance: on Four Top Misconceptions of Insurance
According to The Strait Times (PUBLISHED NOV 22, 2020, 5:00 AM SGT) there are four top misconceptions of insurance in Singapore. Click below to read the full article. (more…)
Insurance Singapore MediShield Life Premium and Benefits Proposed Changes
Insurance Singapore MediShield Life Premium and Benefits Proposed Changes
According to Straits Times article, (PUBLISHED SEP 29, 2020, 6:00 PM SGT) MediShield Life premiums may rise by up to 35% next year, which is under proposed changes. This will be the first increase in premiums for the compulsory health insurance since its launch five years ago. At the upper end, the proposed hike will exceed $500 a year. In the article, it also states that, all Singaporeans will receive a 70% subsidy on the increase. This goes down to 30 per cent in the second year. With the increase of MediShield Life premium, it also comes with more coverage and benefits, to cover more and larger hospital medical bills. (more…)
Infographics on What is Retirement Planning and Examples
Infographics on What is Retirement Planning and Examples
Retirement planning is about having a product or a plan that will gives you a stream of guaranteed income when you retired, no matter where you are, what you do or what condition you are in. (more…)
Circuit Breaker: Insurance an Essential Service: We Are Open
The government’s circuit breaker measures will start tomorrow. Most shops will be closed, dining establishments which are open will only offer take outs or delivery. Most of us will be working from home while our students will start home based learning the day after.We are entering a very difficult phase. If we cannot flatten the COVID-19 curve, we will end up with DORSCON Red. We do not want that, do we? Please follow the measures so we can overcome this COVID-19 pandemic together. I know it is very difficult but our best contribution in this fight is to STAY HOME. For the elderly, this is most advisable – Senior Minister Goh Chok Tong (06 April 2020)
The Truth on 6 month of Your Emergency Fund During Covid-19
(photo by pexels)
The Truth on 6 month of Your Emergency Fund During Covid-19
Very often financial consultant generally encourage you to set aside 6 months’ worth of your living expenses as a personal and/or family emergency fund, in case unforeseen situation happened in your life. But is 6 months of emergency fund really enough during Covid-19 pandemic? (more…)
Blog: Why Women are like Insurance
(photo by pexels)
Why Women are like Insurance
Once I meet up with a prospect who just got married, and so I asked how is marriage life? He gave an unforgettable replies, “do you know what woman and insurance have in common? They are both expensive and difficult to understand.” I have to agree to my prospect and told him that if he know how to treat them right, he will receive more than he gives for both, and this is how I (more…)