Other Money Mattersat Salary.sg – Your Salary in Singapore |
As reported in the media, inflation is rising. To put it simply, the cost of living is going up, up, up.
Contrary to “mainstream” strategy, which is to put your money in investments, I think the right way is to buy low sell high.
And it is my firm belief that prices are high now. Consumer goods [...]
Under the Baby Bonus scheme, the government matches the amount that you save in your child’s Child Development Account (CDA), dollar for dollar.
The matching contribution from the government is capped at $6,000 for your second child, and $12,000 for your third child. The amount is also $12,000 for your fourth child.
The CDA is sometimes also [...]
It’s hard for people to compare income and net worth with each other. The easy (and sometimes superficial) way is to compare the stuff they wear, the cars they drive, and the type of housing they stay in.
We know that driving a BMW and staying in a condo both exudes a certain snob factor.
But a [...]
If you’re about to buy an apartment, bad luck. URA has just announced that the government has withdrawn the Deferred Payment Scheme with immediate effect.
The Deferred Payment Scheme is a form of progress payment that allows the property buyer to defer the bulk of the purchase payment to a later date. Although property developers have [...]
Forbes has released the list of richest people in Singapore. (The title of this post is not exactly right – a couple of them are women.)
Can we learn a thing or two about getting rich from this list? Maybe.
First, more than a handful of these 40 people are into property and banking (i.e. choose the [...]
After PM Lee’s announcement on CPF changes, it’s now official. (Well, the annuities scheme is still being studied.)
See this CPF In Touch issue for an excellent summary.
Your net worth is a measure of how wealthy you are.
A person may be cash rich, while another may be cash poor. But because the cash poor person owns a property, both of them could have equal net worth.
And do you know there’s a rule of thumb for telling whether your net worth is up [...]
We all know that we earn 2.5% interest for our CPF ordinary account and 4% for the special and medisave accounts.
While flipping through the MAS Annual Report 2006/2007, I noted that in 2006, the interest credited to CPF members’ balances is a total of $3,926.8 million (yes, that’s close to $4 billion). This figure is [...]
Suppose you have decided to join another company. When should you submit your resignation letter to your current boss?
You may not know this tip: Make your last day a Sunday.
For example, if you tender your resignation today, 27 July, your last day will be 26 August – a Sunday. But your last day at work [...]
Juxtapose the profiles of 2 rich men – 1 of whom very rich – and you get some idea of how they grow their money.
Featured in Sunday Times today are decamillionaire couple George Raymond Zage III and his wife Kathleen Zage, and a rather rich insurance veteran Stanley Jeremiah.
Here’s what I gather from the information [...]
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