Kenneth Lou - Seedly
Kenneth Lou

Helping people make smarter financial decisions one step at a time.

Kenneth Lou

Co-founder at Seedly

742Upvotes

About

Helping people make smarter financial decisions one step at a time.

Credentials

Co-founder at Seedly

Kenneth Lou

Co-founder at Seedly

742Upvotes
  • Answers (492)
  • Questions (38)
  • Reviews (18)

AMA First Investment

Credit Card

Insurance

Bank Account

Investments

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 1d ago
There are some neo-banks coming soon, eg Instarem and Revolut which will allow you to open up a virtual digital multi currency account. You can actually read the reviews of Revolut here: https://seedly.sg/reviews/multi-currency/revolut They are in beta phase now! you can comment below if you want to get in the waitlist, will be able to send you an invite if you are a level 4 contributor here in Seedly! :)

Shopping

Lifestyle

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Answered 2d ago
Along with many others... I am actually stuck now in the whole Apple eco-system also. I have quite a few of their products which work really well together and it's optimised around productivity and User experience :) - iPhone 8 plus - Macbook Pro - AirPods The seamlessness between the macbook and the iPhone really works wonders when it comes to file sharing (airDrop) and also iCloud, backups (Time machine) etc.

Property

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Answered 4d ago
Hey! I wrote about this recently also: https://blog.seedly.sg/cpf-hacks-tips-for-singaporeans/ It was introduced in 2018, and personally, I also did this because I would want the flexibility to also have that extra reserve just in case I got retrenched or out of a job and I still would have to service my CPF mortgage. This new rule is fantastic because: - Your first $20k in your Ordinary Account earns an additional 1% interest which makes it 3.5%. That’s a guaranteed $700 in a year. - It gives you flexibility (as described above for most couples who bought their first property)

Bank Account

Credit Card

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 5d ago
Hi there! We should have all fixed the OCBC issues by now already :) Now you should be able to just re-sync with your new credentials without having the need to delete your old accounts ! If you are having problems still you can reach our support team directly at [email protected] We'll get back to you within 24 hours!

Bank Account

OCBC FRANK Card

OCBC 360

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Answered 5d ago
Definitely OCBC 360! On the bank side, they are focusing on the interest tiers to be on this account. FRANK was more for a student or undergraduate segment. The war is always between OCBC360 vs DBS Multiplier vs UOB ONE which caters towards the working adult segment.

Entrepreneurship

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 5d ago
This is a good question and I will reply from Seedly and ShopBack perspective.! I think it really depends on the stage of company as a startup? :) Last time we started with $600 a month (without CPF) but now, with more structure and processes, we pay between $800 to $1,200 for interns. Depending if they are interns who are still studying in University/Poly/After Army Or if they are a graduate intern. - Fresh summer/winter interns = $800 with CPF - Graduate interns = $1,200 with CPF And the interns in Seedly and ShopBack actually get alot of welfare also, Team bonding meals, activities, a full pantry, OT claims for food and cab ride home, Health checkup (yearly) and occasional Friday lunches. (so lucky these kids nowadays) haha! Overall, its about learning opportunities and leveling up as fast as possible. We find that most interns pick things up very quickly and can also perform at a level of a full-timer, which is expected, because we don't actually segment or treat anyone different just because of the current employment status. You'll actually find some of them hanging around here and many who have been in the past as well. In my mind, $400 a month is definitely on the low side and can be quite difficult for the intern to get by. Keep in mind, if this is a freelance/part time intern it could still work out.

Circles.Life

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 5d ago
Oh I take the NEL every weekend and I'm on circles life. It does get drop at stretches between Potong Pasir to Dhoby gaught for me... But for work wise, I take the Circle Line CCL everyday and the BIG BIG problem is at Buona Vista MRT. I will just stone there every morning when the data gets cut off. But I guess in some sense, that is also good, I will look up and enjoy life a little more rather than scroll my facebook or IG. haha. Previously when I was on Singtel's network, it was definitely way smoother... and thus, I may be looking to switch back to GOMO... using this tool which we created, finding that it was something that suited me better: https://seedly.sg/compare/sim-only-mobile-plans

Credit Card

Property

Loans

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Answered 5d ago
For mortgages I am not entirely sure... But I know for rental or tax that is paid monthly, you can use services like CardUP and IPayMy. These services will charge a fee on top of the amount you pay thus you are actually buying miles or points using those $$$ that you pay.

Lifestyle

Savings

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Updated 1w ago
I would think if I were to give myself some advice for my 21 year old self... Focus on two things - Passion and Patience !
Answer image preview

Bank Account

Seedly

Kenneth Lou
Kenneth Lou, Co-founder at Seedly

()

Level 8. Wizard
Answered 2w ago
Hello Wen Hao! we actually detailed this here: blog.seedly.sg/seedly-security Mainly you can actually manually update your account and change the balances when needed. For me personally, when I do it on my own app for my DBS account, i do it once a week where: - I open up my DBS app - Manually key in the balances - Add in the latest date of update
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Level 8. Wizard
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