Yeap Ming Feng - Seedly
Yeap Ming Feng

Writes random rants on blog.seedly.sg

Yeap Ming Feng

Head of Content & SEO at Seedly

73Upvotes

About

Writes random rants on blog.seedly.sg

Credentials

Head of Content & SEO at Seedly

Economics and Finance at University of London (LSE)

Yeap Ming Feng

Head of Content & SEO at Seedly

73Upvotes
  • Answers (46)
  • Questions (1)
  • Reviews (8)

Healthcare

General

Hi, Thanks for reaching out. The source of information is actually public information from the Ministry of Health where they puiblish the historical transacted medical bill information. The latest report is as of 30 June 2018. Check it out here: https://www.moh.gov.sg/cost-financing/fee-benchmarks-and-bill-amount-information

Property

Investments

! If you have been seeing a lot of such ads around which got you interested, there might be a few things you wish to take note of. A good article to shed some light on this heavily advertised property investing scheme can be found here: https://blog.seedly.sg/own-x-properties-in-2-years-with-no-money-down-is-it-a-scam/ I will just do a quick summary on this: - Technically, it is not a scam or anything. It is just an area where there are lesser rules and regulations with regards to this. Lots of legal grea area and MAS has yet to step in. - You are looking at co-owning commercial properties, as there is no ABSD, and also, it can be rented out for higher yield. However, do note that, you do not technically own them, since you do not have the "keys" to these properties. - There is little idea on what will happen to your investments should the company cease to exist. Unlike REITs that are traded on the exchange, whatever measures they have in place may lack the necessary foundation with regards to "tanking" investors' loss. I am not an expert in this subject matter. Definitely keen to hear different point of views!
Answer image preview

Lifestyle

It all started the night of my 25th Birthday. I began to experience vivid dreams involving a giant packet of Nasi Lemak. You heard me right. Giant Nasi Lemak . The dream started with me......

Giveaways

Lifestyle

Like most people, my mum influenced my financial journey the most. She was really supportive in terms of financial decisions I make throughout my life and would even pay for me to learn those mistakes. Here are a few examples: 1) she was my first math teacher. A skill that personal finance depends a lot on. 2) she supported my first MLM product, know it was a scam. (Investing in Iraq dinar. Who does that?!) 3) she insisted that I open a CDP account while in university and handed me a bit of money to learn to invest. 4) she's a homemaker. And every single cent in her savings account is from scrimping on her own expenses. That taught me how to save better by observing some of her life habits. Also, the ladies in Seedly! Even more so for Xinyi and Cherie in the content team who share the same mission on helping Singaporeans make smarter financial decisions. Thanks for the constant teamwork and hardwork! You ladies rock!!

Lifestyle

Yeap Ming Feng
Yeap Ming Feng,
Level 5. Genius
Updated 3w ago
There are 13 of them!

Lifestyle

If I can summarise the year 2018 in two words. !
Answer image preview

Savings

General

Getting $300! YAY! I am thinking of topping up another $200 and buying SSB for it. Personally am a spendthrift for sneakers and fashion. Measures as such can help me save up this money for retirement!

Savings

Investments

General

I was from an MLM in the past actually. The one that broke the news, Sunshine Empire and here's what happened. Before Sunshine Empire, I was asked to join a get-rich entrepreneurship programme called Alpha in JC by a friend. Back then, as a student, and this formally dressed wealthy looking man (think MLM starter kit meme) spends time talking to you, calling you team mate, it felt good. ! Naturally, when promised financial independence at such a young age is like a dream come true. So I started selling Iraqi Dinar (their product) and my parents bought it to support me when they clearly know that it was a scam. And naturally when the sales of Iraq Diner (they were still at war then?! How gullible am I?!) did not go well , the company paid for my membership into Sunshine Empire. The pitch across was, " we are sorry that the Iraq Campagin didn't do well, so we helped paid for all your membership with Sunshine to get rich!" If you had been to Sunshine Empire's office in Toa Payoh back then, it's really beautiful! Within seconds, JC kids like us were sold! No questions asked. We were hungry for sales. ! Over time, there will be leadership seminars, sales seminar, usually once a week. There was even a chalet where our bosses booked and gave us a really motivating session. He spit onto a S$50 note, crushed it, and asked if anyone wants it. One dude raised his hand, and the boss went " there you go! It's yours!" . In JC, S$50 bucks is a lot of money! Over a span of months, I would bring my friends down to the office where my boss or mentor would pitch to my friends about Sunshine Empire's investment scheme. It sounded easy, but if one does a bit of research online, the bag of worms is not that difficult to expose. Sunshine Empire claims that they invested in: - Underwater hotel in Dubai - A Sunshine Empire Building somewhere overseas - Huge malls around the world None of the malls will ever appear in your Google searches. And by putting in a 5 digit amount, one will receive constant interest overtime! The Interest did happen! (At least for the first few months) And then it stopped. As more members join, the interest stopped coming, due to vast amount of members and there was simply not enough to go around. This is what we call the fall of the pyramid system. My boss, Bryannz Fan, eventually went on to set up a few more MLM businesses and even became a Dato. Still rich, still sharing endless motivational videos and status on Facebook. LOL. Of course, here's a list of MLM companies in Singapore: https://blog.seedly.sg/multi-level-marketing-mlm-companies-list/
Answer image preview
Load more questions
Level 5. Genius
73UpvotesGoal 100
27 UPVOTES TO LEVEL UP
Browse Rewards