Depending on how much time you have, and where your knowledge lies, there are many side hustles you can do: 1. Sell things on Carousell If you have things to sell, or even are willing to buy things in bulk to resell, then this could work for you. However, you will ahve to think of ways to get cheaper material to sell, and think of a way to make yourself different from others selling similar products 2. Teaching tuition One of the most common side-hustles.It is also one of the ones that helps you to earn the most. Depending on the level and subject, you can easily earn more than $200 a month, by teaching only 2 hrs a week. there are also many platforms which help you to facilitate the finding of students. Of course, word-of-mouth is always the best way to be able to gain more customers of you want to earn more. 3. Micro-influencing It's not known to a lot of people, but there are companies that actually facilitate people who have a following of 500 and more, to advertise their products. You earn about 20-30 cents for every engagement on your post, but it's a low effort for some extra cash. It's quite prevalent in HK, and one of them, called Spread-It, is actually coming to do it in Singapore as well. 4. Freelance projects Be it design, or marketing plans, or any skills that you have, there could always be people who are interested in them. All you have to do is to find the community that hosts these kind of people who are seeking different types of talents

I think you have already answered your own question. It depends on the purpose of these funds- are there for the long term, or the mid-term? CPF in a sense is a commitment, and a long one at that. The power of compounding interest is really amazing if put for so many years, as long as it's not money that you need in the midterm - like for education etc. The best would probably be a mixture of both, but as always, it depends on your individual situation - whether you have enough on the midterm to think about the long term

NO expert here, but I think they would have to go through licensed money lenders - not entirely sure where these money lenders get their money either, but they charge a really high interest rate. If all else fails, they probably borrow from unlicensed ones, or take personal loans, or borrow from friends. Which then leads to all the typical drama-type scenarios that you see on channel 8

If you are not sure on how to do it, but want to get into it, then the obvious next step is to invest in your knowledge about it first. Take up some classes about investing, learn about what your risk appetite is, and make an informed decision from there! From your previous investments, it would seem that you are more risk adverse, and dont have a lot of knowledge, so I think ETFs are the way to go for now! If not, I think that you might want to consider putting some into your CPF SA, that being more focused on retirement funding, and for an almost risk free investment, 4% is quite a huge amount of returns!

Keep asking her to treat you then - since she like to show it off, she can show it off through her actions! Stop asking her to terat you when she stops showing off her salary!

Hmm, don’t really agree with some parts of Enk Loui’s answer. Much of what I learnt on the Q&A is that it’s not really about how much you have before you start investing, but more like how well you are covered. Generally the advice is that you should at least have 6-12 months worth of expenses saved as emergency savings. If you are beginning to invest, I do feel that even if you have $100 spare a month, or $500 now, you can still invest using RSPs (Regular Savings Plan) or SSB. Granted, they may not have the best returns, but I assume from this question that you are just beginning to invest, and this is a good start. In fact, I recommend that you start sooner, and with a smaller amount. Let it kick start the habit of investing, rather than waiting for a big amount - it will be harder mentally then.

Hello! Not an expert here, but from my time in the community, I do often hear a few things: 1. Have you saved up enough to start investing? WHy I'm covering something so basic, is because many who want to start investing don't think of this step before jumping in. Not only does this help to ensure you have food on the table for the next few months at least, it also helps you with your investing mindset- imagine if you don't have money beyond your investment, the way you react to things will be much more emotionally driven. Many here recommend at least 6 months of your monthly expenses 2. Are you investing for the short term or long term? Depending on what you are going for, it will determine what instruments you use (bonds, REITs, etc) and what method to do the investment (DCA, one-time) But the idea is to diversify and spread your risk throughout your portfolio. If you want to find out more, you can read the many articles on Seedly blog!

Answering the part directly about office politics etc- Unfortunately this is something he will need to navigate no matter where he goes to. If he wants to be a business owner, there is a lot of partnerships and connections he will need to work on. Though not politics per sey, but nonetheless he will need to work on some form of networking. If we are talking purely about career aspirations, then firstly, you have to know what you are interested in, and what you are good at. If both of these point you in the same direction, then congrats! you have found the ideal industry or occupation to be in! However, if you have to choose one, I recommend you choose what you are good at, as long as you don't hate it. Hobbies and passion can remain as such, if you have the finances to support it. Secondly, try everything! After graduating from university, I had spent most of my time in the education sector. I really do enjoy it, however, I grew jaded for a season, and wanted to try something new! Thus I took on an internship just to gain more insights and experience into what I really wanted to do, and explore the areas that I have not explored before. Not only did it open my eyes, I also met really great people and formed really great friendships! There is no "one path" for everyone. Life is always changing, and it does not mean that we have to stick with one path for the rest of our lives. Priorities can change, jobs can change, people change. Lastly, every business has it's ups and downs. if he has really done his homework, researched, and really believes in his business, then he should go along with it. There is always the possibility of failure in a business- but that doesn't mean that you shouldn't try. At least you are aware that it can fail, and are not delusional that whatever you do will definitely work. All the best!

About a month ago we had an AMA with Mr Loo, and he did address some of these concerns. In summary, like what you said, the main promblem is that people want to enjoy the use of money NOW. Let's say I'm 25 years old. I definitely feel that I will need the money more ringht now, when I'm getting married, having kids, needing to buy a house, etc. Rather than when I'm 65, and all my kids (hopefully) can fend for themselves, and I'm just left with a bunch of cash to spare. Other than that, some people are afraid the withdrwal age will increase, change in political parties will change how CPF will work... etc. Edit: Sorry in addition to this, you can't top up 1 million straight because you can only top up a maximum of $7000 (cash) per year