Of all the bad decisions I’ve made in my life, here are my top three: 1. I once stayed waaaay too long in a bad relationship. 2. I overpaid too much on my first home (16 years ago), and sold it at a huge loss. 3. At various moments in my life, I hold onto things I know I will never need or use in the future. What do all these have in common? They are examples of the sunk cost effect. (more…)
Category: Education & Self-Improvement
PM Lee’s May Day message1 was a call to action for us “to adapt, to embrace the change, to pick up new skills and take on better jobs.” Today, lifelong learning and upskilling are essential for staying relevant and mitigating risks in Industry 4.0. Our government offers many schemes and resources to help us do this. And as PM Lee said, “you should take full advantage of them.” One such resource is NLB’s LyndaLibrary.
Mention Industry 4.0, and what usually comes to mind is tech, robotics, automation, and the Internet of Things. So one might believe that only technical expertise, such as coding/programming, data science/analytics, and cyber security, will guarantee a future-proof career. But there is one overlooked skill, that even Warren Buffett swears by, which can “raise your value by 50%”. And that skill is public speaking and communication. (more…)
If your child is learning Chinese as a Mother Tongue Language, your child might benefit from using Duolingo. I’m relearning Chinese, and I certainly have benefited! I’ve previously written about the Duolingo app way back in 2015. At that time, Mandarin Chinese was not offered. But it was added recently. And did I mention it’s completely FREE?
There are times when I think I’m being frugal, but when I look back, I realise I was not. In fact, I was far from it. I’ve failed many times in the past at being frugal. And it’s still a work in progress today. So what does it mean to be frugal? If this is one of your New Year’s Resolutions, and you’re not doing these things, then you may be doing it all wrong.