Junus Eu - Seedly
 
Junus Eu

New to Seedly, but 10 years into my personal finance journey.

Junus Eu

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739Upvotes

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New to Seedly, but 10 years into my personal finance journey.

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Junus Eu

Top Contributor
739Upvotes
  • Answers (417)
  • Questions (1)
  • Reviews (4)

Entrepreneurship

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 4d ago
MLM? Personally, not an advocate. Especially in the age of data where we are empowered with information to buy direct (and avoid paying the layers and layers of fees to others in the network) For me, anyone should buy a product only if it provides value for them, not if a ''friend" is coercing them to buy it.

Entrepreneurship

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 4d ago
I believe that many will be in a situation where they have an idea but are not app builders. There are many companies that provide app building services. Unless they are really married to your idea, it is highly likely that they will want to charge you for app build services. What can be done is to seek angel or seed investors who believe in your vision, and are willing to cut the first cheque to fund the build of the app, if you are not looking to fund the first app build.

Entrepreneurship

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 4d ago
Execution ALWAYS matters more than ideas. Ideas are cheap/free - what matters is the courage, dedication and grit to see your business through. Fortunately for Singaporeans, setting up a local company is a straight forward process: https://www.acra.gov.sg/how-to-guides/setting-up-a-local-company Networking is nice but the real meat is a Minimum Viable Product (MVP) that shows that people want to use your product/service. Once you have that, it makes your discussions with potential investors/vendors/customers much more compelling.

Career

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 6d ago
I actually think a masters in the relevant subject could be a differentiator since having a Bachelor's degree is so common in the labour market.

Loans

Savings

Lifestyle

Career

Education

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 6d ago
Given that you sound pretty young - I would say to get a few more years of work experience first. It could be the case that you might not want to pursue computer science post your work experience, or want it even more. Re: the argument of 'possibly getting a higher pay' - I do believe that relevant work experience counts more than another degree. From a cash flow perspective, it also makes sense to pay off your uni loans first, instead of being loaded with another loan, making your total loans $30k + at 4.5% p.a.

YouTrip

Revolut

Multi Currency Cards

Credit Card

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 6d ago
No harm getting both, and then seeing what exchange rates are available to you! Given that it's still anyone's game, I do believe that they would look to offer competitive rates!

Cryptocurrency

Investments

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 1w ago
One big one: The tools to value crypto currently aren't as developed as those to analyse, say, equities. I would say though, the folks who believed in crypto years ago, are the ones who really invested despite the huge scepticism. It really isn't so bad now.

Investments

Career

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Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 1w ago
I've always wondered that as well - as to why university students are so interested in investment banking/PE related jobs. It could be a badge of honour, and being able to say one can work like s til ungodly hours. When I was in JC, I asked a senior who was in IB, and after 2 years in the job, she said it was the worst decision. Keep in mind, pre-2008, jobs in IB/PE was seen as very lucrative and prestigious. I do think that times have changed though.

Lifestyle

Junus Eu
Junus Eu
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Top Contributor (Sep)

Level 8. Wizard
Answered 1w ago
Quest Labs at Paragon! On a side note, I remember analysing the Indian diagnostics business and damn, the margins are good. ;)
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