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Jessica Chuah

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Jessica Chuah

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Jessica Chuah

16Upvotes
  • Answers (9)
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  • Reviews (6)

Career

Lifestyle

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Updated 3w ago
Disclaimer: Long post ahead, I am purely sharing my one-off personal experience and this does not fully represent the industry as a whole. I have been introduced to MLM by a school senior many years ago. Back then I was doing a holiday job before entering university and my senior was already in university and doing MLM at the same time. Many MLM companies tend to promote health products and supplements but it is really up to you whether you actually believe that the products will work for you. When I was approached, I was brought to the office premises where there are many tables of people promoting the company's products and at the same time, pay a "membership fee" to be part of the team. Basically the person that brings you in manages to convert you successfully, you will be under that person's team, which is also part of a larger team. I would say the team structure has similarities to insurance and property agencies. Through that, they earn referral fees/commission just by bringing new people into the team. What my senior did was to try to find people with similar background (e.g. same school, same CCAs even though different schools), to try to convert me into one of their members. They also have a thick folder that showcases the products of the company and also the many successes of various people (mostly with swanky cars, my senior also had a Mercedes back then at age 20/21?). They often promote themselves as entrepreneurs/business partners, even though they don't own the business which I honestly don't understand why till now. People in MLM also tend to play on your greed for money to attempt to convert you, stating that it is one of the fastest ways to earn quick and big bucks and become successful in life. To me, why I did not buy into the idea despite the aggressive sales tactics was really because I did not believe in the products they were selling and really did not believe in the way things are structured to the extent that it actually helps you make big bucks. To really be able to earn in an MLM scheme, you have to subsequently sell to your own network of family and friends which really, wasn't something that I was comfortable with. It was as though you are living off your circle of family and friends to afford a luxurious life, especially if you don't believe in their products. I would think that if the products were really good, they should sell for themselves rather than having to resort to such marketing schemes to sell.

CIMB

General

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Updated on 11 Jun 2019
There is a Forget ID portion under the Forget Password. When you click in Forget ID you should be able to see this as per the screenshot I've attached below. I haven't tried changing my ID before but I think the last resort will be to call the bank's hotline if this does not work. !
Answer image preview

Savings

DBS Multiplier

Bank Account

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Updated on 10 Jun 2019
Check with your HR why this is so. I'm not sure about your situation but sometimes it is only the first month salary that you will get via cheque due to pro-ration. Most companies should be paying their staff salaries via some form of bank transfer or GIRO instead of cheques or other forms of payment modes. Companies that do via bank transfer and indicate in the bank transfer reference as salary would also satisfy this criteria.

Credit Card

OCBC 360

OCBC

OCBC 365 Card

Savings

Lifestyle

Bank Account

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Answered on 03 Jun 2019
Does your company not allow other options? Most (if not all) companies should have setup their bank accounts with local banks or foreign bank with a Singapore branch, which actually allows for GIRO or FAST payment to any of the approved bank institutions. You can check out this website https://www.abs.org.sg/consumer-banking/fast. I would think you can discuss with your company's payroll or HR to see if other bank accounts (like DBS multiplier or UOB One) are possible for you. OCBC 360 is actually not too bad now after a revamp of their benefits, if I were you I would forgo the interest rate for CC since you are not able to hit the minimum required spending for the OCBC 365 CC, and the benefits of other OCBC cards are not too attractive. You can work to get higher interest rate by putting in fresh funds in future, or just by maintaining a higher average balance compared to the previous month as well. In terms of cashback credit cards, I would think Standard Chartered Unlimited Cashback, AMEX True Cashback (both have no min spending), or UOB One (min $500) are one of the better in the markets now. if you are looking at low to no requirements.

HDB BTO

Lifestyle

Property

CPF

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Answered on 02 May 2019
Hi! I happen to stay near the Boon Keng region so I would say convenience is something that is worth paying for, especially if you value staying in city-fringe regions. It is on the expensive side for a BTO so make sure you are able to afford paying off the monthly instalments comfortably after lessing out monthly expenses. Boon Keng BTOs tend to be high-rise and estimated completion typically takes 4 to 5 years rather than the 2-3 years of accelerated completion that you see in non-mature estates, so I think that gives you and your partner sufficient time to save up for renovation and work out for finances. That being said, I must say it is relatively tough to get a good ballot queue number due to high subscription rates for the area. So it really comes down to some luck to be able to get a decent queue number. All the best!

Career

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Updated on 04 Jan 2019
It sounds like reverse psychology happening to me. I think it highly depends on your relationship with your boss, any potential changes to your scope, and also your comfort level on the culture at your company. To me, a raise may potentially come with more responsibilities (depending on the extent of the raise) so it is important to clarify this before you make your decision. Also, because it is clear that your boss only appears to treasure you when you resigned, there must be other reasons that triggered you to resign on top of the above mentioned reason. Everyone's personal situation differs so do consider carefully and weigh your options against your own personal situation and also with what's available in the market.

Lifestyle

Family

Education

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Answered on 15 Dec 2018
It definitely won't be as easy to switch fields due to perceived lack of relevant skills and knowledge. 2 things that I can probably think of are these: 1. Take a 2nd major or minor with the university in computing if the school permits 2nd majors or minors. I personally do have a slight tinge of regret that I only took up 1 to 2 computing courses only in my final year of university course, as I actually found myself liking those modules over my opted 2nd major which was finance. By the way I am an accounting graduate. 2. Pursuing computing courses outside of university online or offline is an option. Of course this will come with additional cost added to fund for his education but learning online and practising should be a good way to horne his computing skills as well. Thereafter, he can sign up for internships to get a sense of whether computing is really what he wants. Hope this helps a little!

Coffee Meets Investing

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Answered on 23 Jul 2018
It's always good to start as early as possible because time value of money is always diminishing. So if you have sufficient emergency funds, you can start doing your own research and read up more to find out more about dividend investing before going into it.

HDB BTO

Property

Jessica Chuah
Jessica Chuah
Level 3. Wonderkid
Answered on 10 Jul 2018
I'm making the assumption of taking a loan with HDB for the answers below. Number 3 and 4 may defer a little if you choose to opt for bank loan Fees involved include the following: 1. Upon submission of choice of ballot location and flat type: $10 Application Fee (via Credit/Debit card online) 2. Upon attaining a queue number and going down to HDB Hub for flat selection: $2000 option fee applies (via NETS) 3. Upon signing of option to purchase: 5% downpayment (via CPF and/or cash/cheque/cashier's order) 4. Upon signing of sale and purchase agreement: Balance downpayment and 1 to 3% legal fee and stamp duty (via CPF and/or cash/cheque/cashier's order)
Level 3. Wonderkid
16UpvotesGoal 20
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