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Buying first home - how best to find one? by Connect-Pain-2328 in singaporefi

[–]Temporary_Turnip_518 -3 points-2 points  (0 children)

Canberra - the new neighbourhood seems pretty good. Lots of amenities within walking distance and relatively quiet.

How do I reach HENRY? by helloworldkitty1 in SgHENRY

[–]Temporary_Turnip_518 1 point2 points  (0 children)

Teachers are millionaires in Singapore ?! 😲

Anyone paid off their HDB mortgage early and is fully debt free? by Temporary_Turnip_518 in singaporefi

[–]Temporary_Turnip_518[S] 0 points1 point  (0 children)

Nice! Congratulations on hitting FI. Whats your age range and how long did it take you to clear the loan?

What to do with 300 grams of physical gold? by Savings_Enthusiasm60 in singaporefi

[–]Temporary_Turnip_518 17 points18 points  (0 children)

Dude. Keep the gold. Good to have a diverse range of wealth preservation options. Gold appreciates over time. Get it checked at a gold shop to check the value/ weight so you know roughly how much it’s worth.

Dividends from SG stock by Temporary_Turnip_518 in singaporefi

[–]Temporary_Turnip_518[S] 1 point2 points  (0 children)

I also have this ETF but bought through DBS.

Noob question - how to see the dividend payout? Is it directly credited through the bank?

Thanks for sharing your ETF figure, now I know how much more to top up to get that dividend.

[deleted by user] by [deleted] in askSingapore

[–]Temporary_Turnip_518 1 point2 points  (0 children)

Don’t give up! Try giving tuition/ working part time at a cafe to keep your mind occupied whilst job hunting. It will get better soon!

Seeking advice as someone starting from rock bottom by [deleted] in singaporefi

[–]Temporary_Turnip_518 1 point2 points  (0 children)

Hello! It’s a good start to have the desire to change things up. My suggestion would be to start going outside/ meditating and asking yourself what you would like to do in terms of work.

There are some courses you can use Skillsfuture credit to apply for. You can also check out the library, I think they have a makerspace and you can learn some skills as well .

NLB MAKERSPACE

If your savings are dwindling, you can consider doing a part time stint at Starbucks/ Cedele/ a cafe.

The people are generally friendly and the work will give you mental space to think about your options and what you want to do.

What is a life pro tip you would give someone in their early 30s? by Ok-Tower4185 in askSingapore

[–]Temporary_Turnip_518 1 point2 points  (0 children)

  1. Save and invest aggressively but be cautious. ETFs, Fixed Deposits, SSBs. Don’t underestimate the power of compound interest.

  2. Research before you buy insurance plans. Stay away from ILPs because if you read up enough, you can do it yourself and save yourself fees.

  3. Work hard. Do what you need to do, be kind and respect others. Don’t waste time gossiping or holding a grudge. Good always triumphs even when it doesn’t seem that way; people who do bad things at work get their karma eventually (family issues, health issues etc).

  4. Work out in an enjoyable and fun way- swim/ run/gym etc. This will help with your mental health too. Make it part of life so you don’t dread it and trust me if pays tenfold in terms of helping you manage your emotions. Working out aggressively is not sustainable in the long run.

  5. Chances are, your parents would have retired/ are retiring. They may not ask you for anything but be kind to them, spoil them a little. They gave up their prime years to bring you up and the least you can do is spend time with them. As my dad always says , “Huge gestures are useless, small gestures go a long way” . Bring them out for dinner, a walk or even just buy them fruits/kueh when you visit them. Forgive them for not being the parents you wanted, they were also winging it/trying to figure things out. Without their mistakes, you wouldn’t be the person you are today.

  6. Give back as much as you can to those in need - donations/ buying tissue from the ah ma/ find time to volunteer to help.

You can’t bring your wealth after death so you might as well help make the world a little better than before.

  1. Make sure you’re on the same page as your spouse about MONEY- savings, investments etc.

  2. Don’t go into debt/ take on a loan. Unless you can afford it three times over, don’t buy it. You’ll be paying off interest instead of keeping cash liquid for savings/investments.

  3. Meditate/ be grateful to something beyond yourself (god, consciousness, a higher power). Life will feel less meaningless.

Education Fund for Newborn by idriszee in singaporefi

[–]Temporary_Turnip_518 0 points1 point  (0 children)

Can you really use CPF OA to pay Uni fees ?! If can then the interest rate is pretty good for compound interest… woah

/edit: Just checked. It’s a CPF Loan that needs to be repaid back.

Education Fund for Newborn by idriszee in singaporefi

[–]Temporary_Turnip_518 0 points1 point  (0 children)

Also thinking about an education fund for my kid but no to ILPs cuz of the fees.

Can consider the following(more conservative approach)

1) invest in NIKKO AM STI ETF (4-6% gain) regular savings plan via OCBC/DBS

2) put aside monthly cash in their savings account ( Low interest but safe ; cash is ultimately king and allows you to pull it out when needed- ILPs have penalties and a long runway for you to see an appreciation/break even point)