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Cassio

Business Communications Consultant | Higher Ed Educator| 7+ years of experience in coaching & training | M.A.

Cassio

Communications Consultant & Lecturer | Bilingual Writer at Coffeecassio.Wordpress.com

About

Business Communications Consultant | Higher Ed Educator| 7+ years of experience in coaching & training | M.A.

Credentials

Communications Consultant & Lecturer | Bilingual Writer at Coffeecassio.Wordpress.com

Cassio

Communications Consultant & Lecturer | Bilingual Writer at Coffeecassio.Wordpress.com

  • Answers (56)
  • Questions (1)
  • Reviews (3)

Investments

Retirement

Lifestyle

Everyone seems obsessed with making money and becoming rich these days, how do you stop yourself from getting sucked into the materialism of it all?
Hi there, Sounds like you are tired of being surrounded by people who keep inundating you with such information. I guess there are ways to establish your boundaries and actively seek out those who are more aligned with your interests and values. Not everyone is obsessed with becoming rich, some people are more concerned with leading meaningful lives and having interesting hobbies. If it’s your family and relatives who are bombarding you with such information, you can tell them firmly and politely that you would prefer to chat about other topics then steer the conversation towards something else. If you have friends who are like that, you can choose to just remain quiet or respond minimally whenever such topics arise to show that you are not interested. Additionally, join interest groups or volunteering groups to find like-minded souls who are less money-minded. There are plenty of such communities around— take the 1st step to expand your social circle and you may discover that the world is not just about money.
👍 1

Career

Undergraduate

Education

Which degree path to go for?
What are your concerns? Is it financial or interest or parental/peer pressure? I think it’s best to go with a programme you are intrinsically interested in so as to motivate yourself to complete your studies and ultimately find a career you enjoy— if you do something well and enjoy the work, money will come eventually. A lot of people mistakenly thought it was the other way round without taking into consideration that there are other more important things about a fulfilling career than money and progression. Ultimately it’s best to decide your own path after you have done enough research on both programmes.
👍 0

Savings

Fresh Graduates

Savings Accounts

How much can you realistically save in a year as a fresh graduate?
Hi there, It really depends on your source of income and how you do budgeting. Perhaps it’s not the amount but the percentage. In a separate question I answered, some ideas were to create a spreadsheet and follow a comfortable rule for managing your income. It can be 20-80 or 20-30-50 depending on what you are comfortable with. I think it’s prudent to pay yourself first and save/invest the rest—automate via recurring bank transactions so you won’t forget about it. You can also set a realistic goal for yourself and milestones to meet for your financial situation.
👍 0

Career

Should I register my business and how should I go about doing it?
Hi there, you can check out ACRA's page for a start https://www.acra.gov.sg/how-to-guides/before-you-start/who-must-register on whether you need to register. It also depends on the kind of business structure you are adopting.Most individuals/small businesses (1 person) prefer to start with sole proprietorship, though there are pros and cons for every structure. Hope the above helps!
👍 0

Lifestyle

Personal Finance 101

Investments

Savings

Why are majority of young adults are still not exposed to financial literacy?
Hi there, That’s a really interesting question, though it hinges on the assumption that young adults are not financially literate—which is not necessarily the case today. —1) Older =Savvier in Financial Literacy? I suppose it’s also a matter of how we spend our free time outside of mugging/working and spending money on treats. I do observe that there’s an increasing trend of more financially literate youth over the years and they may be even savvier than older adults sometimes in terms of managing finances as they are exposed to more information online via blogs and websites like Seedly. I also don’t feel that it’s a fair assessment that age dictates how financially mature or literate an individual is—just look around you for real life examples. Perhaps in the past a particular method of saving and investment worked very well as SG economy transformed from industrial economy to a knowledge based economy today, and some people benefitted greatly from smart investing decisions during that period. However, SG’s economy is no longer enjoying that rapid economic growth anymore— so some “tried and tested” advice from the previous decades may not work as well for young people now. —2) Priorities Differ Each of us has different needs and wants— some prefer to YOLO while others adopt a more conservative suffer first enjoy later approach. I do not think it’s fair to stereotype most young adults as irresponsible and frivolous in spending. It’s just a matter of different values when it comes to budgeting and investment. —3) Decision making depends on stage of life Perhaps if one is single without any obligations or dependents to look after and is generally healthy, he/she may not feel that it’s urgent or pertinent to manage his/her finances. However, when people move to different phases of life, their decision-making when it comes to what to spend on and what not to would change accordingly. Ultimately, what works for somebody may or may not work for you. So, use your own discretion to make important financial decisions wisely—it’s your life anyway.
👍 5

Investments

Inflation

How can investing help to beat inflation?
Hi there, Investing may or may not beat inflation— nothing is guaranteed in investing. If you learn how to invest smart according to your risk appetite, you might be able to beat inflation in the long term (assuming an inflation rate of 2%). For that, you can engage a good financial advisor to guide you on how to make investments wisely— choosing asset classes and products that suit your risk appetite + meet your goal of enjoying more than 2% returns on investments. Alternatively, you can learn through reading investment Books and blogs and adjust your portfolio accordingly. For suggestions on 2 books to read when you graduate into a recession, you can check out my blog on my profile :)
👍 0

Investments

Savings

Savings Accounts

Is there any smart way for saving? How to live in an economic way?
Hi there, A few ideas below for you to consider— — 1) Having a high yield savings account Although interest rates have been cut for major banks in SG, it’s still better than average saving accounts which pay negligible rates of 0.0X %. Do scout around for promotional rates for young adults :) —2) Consider Hybrid accounts like Singlife Singlife is a unique product which is a bit like insurance,endowment and high yields savings account. It’s 2.5% per annum for the 1st 10k currently (subject to change and not guaranteed) but you can withdraw anytime without penalty. I’m sure there are also similar products out there as well. —3) Fixed Deposits or Endowment plans Fixed D and endowment rates are quite low in comparison with previous years but it cant be helped. If you are considering a fixed interest rate with principal sum protected, you can check out the rates at banks in SG as well as short term endowment plans— do note that your money would be “tied down” as withdrawals would be subjected to penalty. — 4) Explore ways to earn your keep You can sell things on Carousell or find a part time hustle to earn more— 开源节流。 To increase your cash flow, you not only have to save but also open up streams of income,isnt it? Hope these help! If you need more ideas on finding your 1st job, do check out my profile link’s blog post :)
👍 0

Investments

Online Brokerages

Economics

Will there be another "dot com" bubble? What should you do with your investments in that situation?
Hi there, I guess people are worried as FAANG stocks comprise a large proportion of S& P 500 and are the main drivers in the US stock market currently. However, it’s hard to predict whether there will be another dot come bubble and when that might happen. It might be a bit too late if we wait for that bubble to materialise as well. Perhaps, what we can do as retail investors would be to read good books on financial literacy and fundamentals of investing to equip ourselves with the know-hows and learn how to diversify across asset classes i.e. commodities stocks bonds reits etc after accounting for emergency savings. While it was commonly recommended to diversify your investments, it is also prudent to not over-diversify as well by taking stock of what’s working and what’s not for your investment basket. Having 10 good assets to invest in would be preferable to splitting your investments in 20 or more sub par investments which would also be challenging to keep track of. In short, do your homework and prepare for worst case scenario anyway:)
👍 0

National Service (NS)

Lifestyle

Career

What are some jobs that I can work from home to earn some income aside from part time for pre-enlistee / NS men?
Hi there, Perhaps you can google “work from home” or “remote” jobs on job portals like indeed to see what opportunities there are out there. It depends on your skillset and interests too—if you enjoy writing or designing or coding perhaps you can take freelance projects for a start. You can also consider online tuition or enrichment classes if you like to share your knowledge with others! If you are still not sure how or where to begin, you can check out my blogpost on my profile link for some ideas :)
👍 0

Education

Lifestyle

Career

Is it worth studying for a master's degree?
Hi there, It highly depends on your industry,role ,long term career goals and personal interest. Not all brand name companies require a post graduate degree. It’s best to do some research on the organisations or roles you are interested in applying for to see if investing in masters/phd is going to value add to your employability for those positions. Studying for a post grad degree requires both commitment and money, especially for PHDs. So, I would highly recommend you to do extensive research and decide if you are truly invested into completing the programme.
👍 1
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