Siti Putri

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Siti Putri

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Siti Putri

65Upvotes
  • Answers (22)
  • Questions (0)
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Investments

Property

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
The design of the place will be subjective to your liking. So if you like the design and still well maintained fixtures, then yes. But another point to note is, do you have the extra $80k in cash? If not, it will be part of mortgage loan which is only 1.8%-2.6% interest per year depends on bank or HDB loans. But if u chose to renovate yourself without own cash, then you have to take renovation loan which is 5% interest per year.

General

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
Definitely depends on your type of travelling. If you go to regular cafe, a sandwich meal with soft drink or fast food can set you US$10. There is a typical 15% service tips too. If don't have cash, tips can pay with credit card too, basically if total bill is $20, just scribble $23 on the bill and they will charge the $23 on your credit card. If you eat at mid price restaurant for lunch/ dinner can set up about S$20-25 including taxes. So I think US$35 per day on food is better. But if you are happy with quick sandwich or hotdog buns take out at streets or eating at Chinatown or Little Italy town than you can budget lesser for food. The entertainment could be more because of ticket costs to museums and transport train service could add up. I would budget U$60 per day on food, transport and some entertainment. On one-way subway ride could average US$2+. But check if you can buy month pass. If you shop at malls, please bring along your passport or ID card because the sales person often will ask you to produce when using credit card due to lots of identity theft in US. Also if possible get your 6 digit credit card PIN number, because some credit card machines don't allow signing but must use PIN.

General

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
Do you think this GF is someone you want a long term relationship and eventually getting married to? Surely besides her spending habits, she might have other good qualities? If this is going to be a long term relationship, talk things out with her. Sometimes some people need to know the "why" not just by "telling her to save". Regardless your GF, the important thing is you think and plan for ownself first. Create small goals like save $10k by 2019, or save $100 a month or 20% a month or save 6 months worth of expenses etc. If it is hard to save, then automate it. Set up automatic transfer to another account to be set aside as savings on your salary pay date so that you don't get tempted. Besides savings, track your monthly expenses to know what you are spending on and where to cut down. You can advice your GF to do the same thing. Supposing if one day you decide to marry your GF, some money is needed for the wedding, home, renovation..so at least if you have started with your savings first will be good. If you already talked maturely to your GF, and she still not heeding your advice despite giving her time to think through, suggest to change GF. Sorry, I am not trying to be wet blanket but having similar values is important in a marriage. Top cause for divorce is 'money', so spare yourself the suffering if both cannot see eye to eye on the concept of money.

General

Property

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
Firstly ask yourself why does after MOP means 'upgrade'? What is your definition of 'upgrade'? Do you mean another HDB EA, EC, PC? To get a bigger place or better facilities or just a status symbol. Even if you think you can afford it, it goes back to your objectives of 'why'? If you have the answer to that, then work out your finances. Chances are you bought a BTO and received lots of grants. Do note that when you buy and sell, you have to pay back the grants to HDB and resale levy. In addition, if u will need to pay the CPF accrued interest back too. Next consider if you are getting private property will have higher deposit of 5% cash, 20% CPF to be paid to the bank supposing on mortgage. Plus stamp duty fees from 5% onwards in cash. If a PC minimum costs you $1mil, works out to at least $100k upfront cash and $200k in cpf at bare minimum based on a $1mil property. Have yet to consider the renovation and furnishings. Supposing this is no problem for you, then calculate on bank mortgage repayment. Supposing you took a $750k bank loan for 20 years on hypothetical 2.5% interest (bear in mind will increase), you need to fork out at least $3.2k per month. Hence since both only saving combined $4k, this only leaves you with $800 per month for emergency, retirement and kids in future. Plus in condo there will be average $300 monthly maintenance fees. Hence left with $500 monthly. So ask yourself if this is something comfortable for you to commit to for 20years. Do bear in mind you might have future kids and ageing parents, which again will cost money. I am not trying to discourage or encourage, all I am saying is think through the practicalities, own objective and own affordability. Even if both of you can save $4k now, best to make goal plans of what you like to achieve with it, like early financial freedom etc.

Bank Account

Investments

General

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
I can understand your situation somewhat feeling lost not being sure whom to ask or seek advice from financially. Firstly ask yourself if you are genuinely keen to learn to invest because that in itself takes time, dedication, lots effort and honestly the interest. Thruthfully this $14mil could last 3 generations without even investing since you seem to be very prudent in your lifestyle and most likely will have a well paid career after graduation. Not all “investing” can make money, in fact can even be in sub zero level loss if not careful like leveraging CFD etc. Since you know that you are conservative, I would just put in few FD in multiple banks. As HNW you can get special rates. Do becareful when any bank RM or insurance agents when they ask you to invest into products. You will be considered an accredited investor (AI) which means they can purposely give you risky stuff as their fiduciary duties don’t quite apply to AI. Think also about your future career. Is your intention to have your own clinic? If so, where will the clinic be? You might want to do research about buying a commercial unit where you could one day turn it into your own clinic. I am not sure if now is a time to buy but if you do invest in property in SG, I think you could consider commercial property which you could rent out too in meanwhile till you are ready to convert it you your hypothetical clinic. Do you think you want to live in SG or overseas? If u have plans to migrate overseas and defined sure where, suggest to purchase a property too. It could be for own stay in future be or rental. Since you mentioned that you are conservative. In general, I think besides the multiple FD, can consider real estate provided u do proper research on location. There will be rental yield and also capital appreciation. Also do lump sum put some money into your CPF SA, just to lock in for 4% interest. Do buy a good well covered health insurance too. You can also consider being a venture capitalist. This will be risky but there are courses from Angel Central ( I think) and you could network as well with entrepreneurs. Be diversified across different biz ventures if you decide on angel investing. Good luck with your studies.

HDB BTO

AMA SG Young Investment

Fresh Graduates

Loans

Property

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
I am a believer in well planning in advance. 1) Upon reading your question, actually the first thing that strikes out to me is the relationship. I assume both of you are certain wanting to share your life with each other and not simply because it is the “norm” stage. Pardon me as I am not trying to be offensive but this is important. There are cases of young couples having to folk out a lot penalty $ when they forgo their successful BTO supposing, plus might be ‘blacklisted’ and wait longer next time. 2) Next, at this early stage of career, are you certain both of you like the jobs you are in and can stay for at least 2 years in same company? Oftentimes this is the stage of “finding” yourself in your job and tendency to job hop. The concern here is on your income stability. 3) If you are absolutely certain on items 1 & 2, then I suggest to do a proper financial calculation. List down all the liabilities each of you own like school loan, credit cards. Fixed expenses like food, transport, insurance premiums. Discretionary lifestyle like fine dining, travelling. Total assets if any like CPF OA and any cash savings. It is understandable if you do not have enough cpf and cash for the deposit. However I think BTO using HDB loan is only 5% using CPF which is $20k supposing $400k BTO and you since you will be eligible for deferred scheme I don’t think you need to worry about this deposit. For 2 adults, need only 1 year work to accumulate this $20k in OA. 4) After doing item 3, set out a savings goal like each person save 20% (not sure how much if comfortable) of nett take home pay after paying of your liabilities. You should each open a separate bank account and automate this savings like the SAYE. Also do talk about your lifestyle choices if anything should be cut out like less movies, less travelling etc. This saving goal is not just for your BTO but should be Long term practice due to wedding, home renovation, future kids, emergency back up savings, investments, retirement. Try to increase the rate % as your income increases and debts decreases. 5) Continue to pay off your study school loans concurrently while you save up If you are able to rationally discuss and take action on the 5 items above, then I think you are ready to apply for BTO. Applying for BTO doesn’t mean you will get it. I know many who applied like 5 times never get it as depends on your luck too. A BTO is definitely a savings in itself since much cheaper than resale especially since you will get lots of grants from government. Good luck and don’t worry so much. One can only plan ahead and take actions based on information and sources available at point in time. You are both university educated and both working, it is just a matter of time (couple years) for your debts to be over

Savings

General

Siti Putri
Siti Putri,
Level 5. Genius
Updated 2w ago
On first date, I will offer to split bill. If the guy insisted, I will let him pay. If we do go for coffee/ dinner on same day, then I will foot the next bill. For subsequent dates, I will alternate sometimes he pays, sometimes I pay. I pride myself to be an independent woman and to be treated as an equal. Why should I expect him to pay for everything. Of course the situation is different if he invited me to high class place, he should pay especially if I am fine with hawker centre or mid price place. If I invite him to high class place, then I should pay too. Basically if you want to develop long term relationship, both parties must give and take.

Lifestyle

Siti Putri
Siti Putri,
Level 5. Genius
Answered on 17 Dec 2018
How long has the LDR been? Have you talked about future..sure as potential moving in together or find job at Germany/SG ? It takes both parties to travel to meet up, so if you get to meet 3 times a year should be equal such as once in SG/Germany and another outside other country. Sometimes it is not about the hours you spent together but the quality of conversation, chemistry connection. I was in LDR too and we got married.

Education

Career

Siti Putri
Siti Putri,
Level 5. Genius
Updated on 13 Dec 2018
I used to model (runaway and prints) too in my late teens till 27. I agree some of the modelling jobs gave me good pay. I actually did it while studying and even while working a full time job. Take leave to do the modelling job or weekends. It all depends on your priority to juggle your schedule. I don't know about you, but my last catwalk show was when I was 27. I was the oldest person as majority were in late teens or early twenties. Not trying to be racist but oftentimes I was one of the few Asian models out of 20+ models in a show, as the rest are Caucasian or pan-Asian. This means jobs depends on clients' preference on ethnic background too. One also need to be strong psychologically as easy to get influenced by some other models with eating disorders and smoking to lose weight myth. These days with social media influencer, it is much harder to get a modelling job unless you have many followers too. Almost everyone can filter photo and be influencer or model. What I am saying is jobs like modelling while well paid has a life span. Your life stages changes too supposing as a parent or pregnancy (stretch marks) if you are female. Your education is important as something to fall back on.

Resale HDB

HDB BTO

Family

Parenting

Siti Putri
Siti Putri,
Level 5. Genius
Answered on 02 Nov 2018
It is not about "better" per se but your eligibility and affordability. You can only buy BTO if your spouse is a SPR and you are a SG citizen if not forget about it not eligible. For resale, your spouse must be at least on LTVP pass but cannot be a co-owner but just a legal occupier status in the paperwork. Any other pass like EP/WP/Spass not applicable. Of course if you are above 35 years and can afford it can just buy solo. Your spouse can form the family nucleus if needed. If you are not SG citizen but SPR you cannot buy a resale HDB until after 3-5 years SPR issued.
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