Life, as we know it, has a mortality rate of 100%. And the probability of getting hospitalised for a critical or long-term illness is almost as high. The only thing we don’t know is when and where tragedy will strike, and what the financial burden will be. This is why it was important for me and my family to get additional health insurance coverage.
The 2017 Singapore Budget announced a water price increase of 30% starting from July 2017, which is the first price increase since 2000. Some have argued that this increase comes at an inopportune time, as the global economy is experiencing weak growth. Others have pointed out that Singapore already pays higher water prices than neighbouring countries, and that this increase is unjustified. But we must face the fact that, as an island nation with no resources, we are not water-independent and are still quite vulnerable. (more…)
Under S171 of the Companies Act, all locally incorporated companies are required to appoint at least one Company Secretary within 6 months of incorporation. Some private limited companies might choose to DIY this position in order to save on outsourcing costs, but for those of us who feel a bit uneasy about company law, accounting, and compliance issues, here’s a company that offers one of the lowest and most competitive rates for Company Secretary Services in Singapore: (more…)
There are a few people I know who run businesses that are not registered with the Accounting & Corporate Regulatory Authority (ACRA). Many of these businesses operate on an on-demand/ad-hoc or all-cash basis. The people who run them often don’t register because they don’t consider what they do to be a real business. They also are unaware of the legal requirement to register… or they think that registering is too troublesome, time-intensive, or difficult (luckily, it is none of these). (more…)
I was recently invited to a grand opening of a restaurant in Singapore. As part of the grand opening celebration, the restaurant was providing free food and beer. But the food was mostly “junk food”. Most people were happy with free flow beer, but since I don’t drink anymore and I didn’t consider the “junk food” to be a proper meal, I stayed a bit to revel in the atmosphere, and then left to have dinner. (more…)
There was a time when I cared deeply about what Valentine’s Day gifts I gave and received, and a time when the price mattered. You can say this was a time when advertising agencies, the “media”, and the social community tried to convince me that money, products, and gifts were measurable expressions of love. Having had one relationship which involved the frequent exchanging of great and beautiful gifts but a terrible relationship, I soon realised that luxury gifts do not make a luxury relationship; in contrast, grand gifts are often a way of compensating for a terrible relationship. Here are some ideas on how you can express your love while celebrating an age-old tradition without having to spend all your ang bao money: (more…)
When it comes to investments, everyone wants the same thing – zero risk, high double-digit returns, and full liquidity – which is like saying I’m looking for a magical unicorn. But what if I were to tell you that there is something that comes close to this ideal, yet only a few people know about it. In fact, this investment is so good that you are limited in the amount of money in which you can invest. Sound too good to be true? Well, here are the details and you decide for yourself:
If you need $1000 for an emergency – to pay for health-related expenses, school fees, a funeral, or (heaven forbid) ang bao money – there are only a few ways for you to get that money. You can earn it, save it, find it, ask for it (through donations, grants, crowdfunding, etc.), steal it, win it, trade it (through selling/pawning an item), inherit/receive it as a gift/acquire through marriage, or borrow it. Most people would perceive the last option to require the least amount of effort, risk, and/or luck. But borrowing money in Singapore can be tricky and can require more effort than what you might expect. Unfortunately, the “easiest” loans to borrow are from loan sharks and unlicensed moneylenders who charge outrageous rates and have the reputation of engaging in nefarious, unlawful practices. Fortunately, with Onelyst, you can compare loan rates easily and quickly across all licensed money lenders in Singapore (over 160 of them), and even apply through their online platform.
Look inside your closets, cabinets, and storage spaces, and you’ll find plenty of things that you own but you rarely use. There are even some items that you probably spent more time acquiring them (deciding, researching, browsing, shopping, buying, setting up, etc.) than you spent actually using them. Such things might include power tools, kitchen appliances, and clothing for special occasions. It may also include hobby, exercise, or sports equipment, (which you may have taken a hiatus from). For whatever reason, we all are guilty of buying and having too much stuff. And this stuff spends our money without us even knowing it. But there’s a way to recoup some of that money. (more…)
In this new digital economy, middlemen are being reduced or completely bypassed, and technology is making it easier for producers/sellers and customers/buyers to deal directly with each other. The property market is no exception. In a previous article, I argued that unless property agents demonstrate value to their clients, their services will be more and more debased as technology makes transactions easier, more transparent, and so “boilerplate” that it’s possible for two parties to DIY the transaction. With Ohmyhome, this DIY route is made more feasible, and is completely free.