DollarsAndSense Book Review: 5 Timeless Lessons from Morgan Housel’s The Psychology of Money
For those familiar with the world of investment writing, Morgan Housel may have first appeared on their radar during his time as a columnist for The Motley Fool. Later, he gained further recognition as a partner at the Collaborative Fund. Over time, Housel has transitioned from an insightful columnist to a celebrated author, most notably […]
[2024 Edition] Top 10 Richest Billionaires In Singapore And How They Earned Their Wealth
In this year’s edition of the Forbes World’s Billionaires List, 39 Singaporeans made it to the list of 2,692, up from 35 last year. Conspicuously absent on this list is the late Dr Wee Cho Yaw, who passed away on 3 February 2024. His son, Wee Ee Chong, succeeded him as CEO of UOB, and […]
Quality Over Quantity: 10 Things You Should Splurge On In Life
In today’s environment of rising prices and the increasing cost of living, it’s vital that we monitor what we spend. But, it’s also important to remember that just looking for the cheapest options won’t necessarily save us money (or be good for us) in the long term. High-quality items can often outperform cheaper alternatives and […]
What Is The Household Income For Singapore Families? (Based On Flat Types, Household Members)
When it comes to understanding the income levels in Singapore, we can reference a few key statistics. According to the Ministry of Manpower (MOM), as of 2023, full-time employed residents’ median gross monthly income is $5,197 (including employer CPF contributions). Without employer CPF contributions, this figure is about $4,441 in gross wages. At first glance, […]
Magnifying Into Luxury Watch & Jewellery Companies Dividend and Growth Potential: Cortina; The Hour Glass; Aspial Lifestyle; Taka Jewellery
In Singapore, we commonly spot luxury watches and jewellery whenever we step out. However, beyond simply purchasing these high-end items, there’s an opportunity to invest in the companies that sell them. The Singapore Exchange (SGX) features several prominent players in the luxury watches and jewellery market, including Cortina Holdings (SGX: C41), The Hour Glass Ltd […]
What Does It Mean To Be An Accredited Investor In Singapore?
The Securities and Futures Act (SFA) in Singapore distinguishes retail investors from higher net-worth investors (i.e. Accredited Investors). Typically, Accredited Investors can gain access to more sophisticated investments that are not available to retail investors. This can also be read as investments that are more complicated to understand, and Accredited Investors have better abilities to decipher if such investments […]
Guide To The 50/30/20 Budget Rule, And How It Helps You Save For The Long-Term
The simplest solution is almost always the best one, on average. When it comes to managing your personal finances, the 50/30/20 budgeting rule is one such simple, yet powerful strategy to help you gain financial stability – and save for the long-term. At its core, the rule is a method for managing your income in […]
What Is The 4% Retirement Withdrawal Rule, And Why You Should Plan Beyond It
In Singapore, when the word “retirement” is discussed, it usually revolves around our CPF savings. However, our CPF savings is only one component of our retirement funds, especially since CPF LIFE monthly payouts only start from 65 years old. Ideally, we should build up a complementary retirement pot outside of our CPF funds. This can […]
Cost Guide to The Friends Of Wildlife Membership (Singapore Zoo/ River Wonders/ Night Safari/ Bird Paradise)
According to Tripadvisor, the Singapore Zoo is among the best things to do in Singapore. Besides the Singapore Zoo, there is also the Night Safari, River Wonders (formerly River Safari), and Bird Paradise (former Jurong Bird Park). For those planning to take multiple trips to these wildlife parks located at Mandai, it’s worth considering if we […]
5 Immersive Experiences in Singapore Under $30 To Take Your Kids For The Holidays
In Singapore, parents always look for engaging activities to entertain their children during school holidays. Ideally, these activities should be affordable, which isn’t always easy to find in our city-state. We want our kids to have fun but also to be immersed in experiences that offer learning opportunities. With the school holidays already here, we’ve […]
