Yinglin Chua

Learning every day

Yinglin Chua

34Upvotes

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Yinglin Chua

34Upvotes
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Property

Bank Account

Budget Direct Travel

Career

General

Investments

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Updated 3w ago
War in backyard? Depends on whether the banks, sgx, data centers, factories, offices etc survive the bombing. If they do, there is a rare chance you may see your investments again. Though of course, likelihood is that the "local companies" do not survive well - imagine half or more of the employees dead or the factories bombed. I think it's better to count one's blessings that he is still alive (or sometimes better dead). At that point, it's likely everyone starts anew... and is more concerned about basic survival and maybe bartering for limited resources. Just look at the other wars for inspiration? Safe place to park is where there is no war. E.g. other countries. Or if you are talking about gold or silver.. find a good place to bury it and make sure it's not stolen by thieves. It will come in handy if you survive. If am not wrong, your insurance is excluded from payouts in time of war. But you may still be covered when war ends, if the insurance companies are based overseas and survive? Or come back after the country restructures? Then again, it's either they honour it (based on what's in their system) or you can find your policy documents... Maybe. Just maybe. I don't know.

General

Insurance

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Updated 3w ago
Luckily.. there are flex options these days. You can consider looking for a simple basic sum assured whole life policy with accelerating feature for early CI / CI / TPD etc with limited pay option. And some policies come with milestone enhancement options (i.e. when you get married/have child etc) that you can consider upgrading the policy if you hit them. The main reason for that is to enrol early to lock in the premium (premiums increase with entry age) and to make sure you have coverage before pre existing illnesses kick in. I take the sum assured as funeral expense so basic sum assured need not be too big but make sure accelerator multiplier is good. The accelerating feature will kick in during your economic years.. so they are like term enhancement. You need to shop around for this and compare though. Term usually does not cover after a certain age (those that do will be very expensive close to old age) but it also depends on your "life /death philosophy" and investment or retirement plans. If you have saved or made plans outside of insurance to cover these during your economic years.. then you should be fine. That said, if you don't hold a regular job, do assess if whole life policies are feasible as they tend to be more expensive. Else, primarily, make sure your hospitalization and personal accident policies are first purchased. You can keep topping up with term insurance when your liabilities or dependent needs increase etc. Multi pay vs single pay CI...if you have a strong family history of CI or lead a super unhealthy lifestyle, by all means go for multi pay CI. Else, this multipay CI option is quite expensive for a 20yo I feel. Get some quotes and compare so you know how much outlay you are looking at. Once you get a regular job, it may be better to explore the disability income insurance that many overlook. This one can provide you with income till you "retire"... And its relatively affordable. Not an agent, all these are just personal opinions for your consideration

General

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Updated 3w ago
This hypothetical question tends to lead ppl to see if they would part with the money in face of filial piety / money sacrifice.. but in reality, the key word I see here is a 95yo. They could make the decision more difficult with a 65yo parent... To be honest, I would ask the grandma (or any aged parent past retirement), do you want to undergo treatment first? This is a question very few children will ask their parents and instead... Decide treatment for them (even if they don't want a surgery!!!). One has to note: 1) Life is a cycle. We all part some day. To some, life still has a lot of meaning or unfilled desires - this may ultimately lead to greater will to survive a crisis or operation. To others, they may be very happy with their life so far, have no regrets, ready to leave, and actually they may just want to go without treatment in case of sudden death or quality of life deterioration after a surgery due to age and risks etc. Instead opt for great palliative care and have good remaining memories with loved ones (spend on creating good memories). 2) For a 95yo, in today's medical environment, the survival is probably pretty close to zero. One is just spending big money to send the person to die on the operating table, opened up... So, considering the above points and number of other dependants under your charge... Decide better...

Savings

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Updated on 19 Feb 2019
60% is of course very good if you can do it. Most of the time, people give some amt to parents, deduct basic expenses, insurance etc and are left with 10% to 40% to save. Depending on your goals.. whether saving is for investment, to purchase a house or wedding... You can probably dissect the savings into a few baskets. Below is just a personal opinion.. If you are a savvy investor with sufficient appetite for risk, go ahead and put them into equities etc. Otherwise, I would suggest apportioning part of it back into CPF OA via voluntary contribution (for building up of housing fund) / medisave (to pay for hospitalization insurance premium and for medical expenses). This is probably the best if you aren't investment savvy and would like a risk free way to save up for goals. Part of it into SSB every month or alternate months (once you hit the minimum requirement) as the "emergency funds". Whatever remaining goes into bank account (the interest is still below inflation.. meaning, your money's purchasing power generally becomes "smaller" every year.. so don't count on it for savings...) for immediate needs or own investment say every quarterly.

Family

Lifestyle

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Updated on 15 Jan 2019
Let's start off with what you are thinking. You feel they are taking advantage of you by letting you pay? Your concerns are noted in this forum. Won't judge whether you are petty as the circumstances are unknown. 1) Are the parents retired and not earning any income now? 2) Who initiated to eat out with the parents? 3) Who chose the eating location? 4) Who did the ordering? I would be extremely wary of the family if it's the parents who always want to eat out when you are around (and they normally don't do this), chooses expensive places and orders expensive food, then expects you to pay simply because they know you are well off. If they want to eat out, and it's probably just 1 time a month, chooses low to mid range places, seldom order expensive seafood (the most expensive and sometimes bo hua dishes) on the menu... And does pay occasionally, they seem normal. After all, once the kids have earning power, parents seldom pay for their own meals and is paid by the kids (unless you don't, that's why you don't feel it's normal). You are being too petty and reading too much into the situation. I would be cautious if it's the gf who suggested eating out everytime, choosing high end places and dishes, bringing family along just so to allow you to get into their good books but yet, not offering to pay or go Dutch at times. In this case, I suggest you talk to your gf. If parents are retired, goes out with both of you to eat (cause the gf asks them to), usually don't have much opinions on location and order... Then you are indeed petty if you are more well off, is earning a decent income and is being calculative with the parents. As your gf, I would be wary of you to truly care and love your family. There can be more permutations. But if you are going to hawkers, food courts with them and you harping here on paying for their meals, you are not just petty but stingy. But in short, yes, you should always communicate with your gf if you have concerns. Just with your gf.

Lifestyle

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Answered on 14 Jan 2019
Frankly speaking, it's not easy to tell. Plus too little info here in the question. If you are well to do, dress like one, and splurge when outside (i.e. so obvious you are rich), and then it's the girl approaching you.. then you just have to monitor more and be careful. It's really not about where the girl stays. So what if it's one room, two room flat or a wealthy girl? Any of these girls have the propensity to be after your "wealth". To truly know a person and the family... reveal little about yourself, be humble, and communicate more. Find out about lifestyle (maintenance), her dreams, ideals, her views on social matters, inheritance fights, how well she treats people of different levels, her type of friends etc. Learn to read body language than to just trust words. It looks like you are just at the starting stage... So spend more time and see with the heart. The rich or wealthy sometimes keep thinking that people are out to eye their money. Some people even think that by "controlling money", they can manipulate people. Money is just another object. You weren't born with it, neither can you leave with it. It's existence, is just to make your life a little better or worse.. depending on how attached one is to it. The worst characters fight over inheritance, tearing their own blood relatives apart, when the money weren't even hard earned by them and if any, granted by deceased to them, is just a gift. There are blissful families with plenty of love at all levels of wealth. There are hateful and estranged families in the wealthy families too. If super worried, do a pre nuptial agreement. Nice women are actually more worried about marrying the wrong guy. And guarding fathers are worried that their daughters marry jerks, especially rich ones as guys with money tend to misbehave or guys who don't know how to treat their wives well. There are probably ways to test water, but it means white lies (not encouraged). Or that the family insist on entering pre nuptial agreements for wives to be. Women who love you for who you are, won't be very much offended by these worldly stuff.

Career

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Answered on 07 Jan 2019
When considering a promotion, usually the boss takes into account not just technical skills, but also other critical skills like people skills. Depending on your organization, the promotion might come as your boss thinks you are ready to take on the next role and the responsibilities thus the offer of the promotion. Yes, there are people who refuse promotions, either they are not ready for the new role or prefers other type of roles, or don't want to deal with people (e.g. being a team lead ), have family commitments and do not want the extra workload or already have personal plans etc... This is what I will do if I were you: Instead of having the question and guilt when accepting the promotion, you could consider having a heart talk with your boss in private or over a tea break setting if comfortable. Tell him you are very happy to receive the promotion and appreciate his acknowledgement of your work and efforts, however, you thought that another colleague has more experience or deeper technical skills than you and you actually feel bad about it. Perhaps he can enlighten you on why or how you edged out? This can also be useful as you might learn something if they are willing to share their promotion criteria (also for your future promotions or honing your "identifying talent skills" assuming they did make the right decision). I'm not too worried about boss judgement in this case, as it's not actually something bad or against integrity or against core values etc... Unless you know your boss is a narrow minded or highly narcissistic person.. then maybe not... In some organizations, e.g. consulting, promotions are ongoing throughout the year and have to be justified across the same band, and some people are just suay not to have the right opportunities or projects to allow them to shine and be promoted. In this case, don't feel so bad for your own promotion... Their chance shall come soon..

Lifestyle

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Answered on 21 Dec 2018
14 trees

Lifestyle

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Answered on 20 Dec 2018
Life of a woman is hard. Year 2018..global project and young children means sleep deprivation. On Android with no toolbars to be seen.. so here's the link instead: https://goo.gl/images/PM1d6Q

Lifestyle

Yinglin Chua
Yinglin Chua,
Level 4. Prodigy
Answered on 18 Dec 2018
It's normal. You are just doing a self reflection of your life and thinking about your future. I can see you are growing up. It's only not normal if you beat yourself into depression or "early mid life crisis" thinking about it. First, realize that life is not linear. It doesn't have the same pathway for everyone. Some find their life partners earlier, some find the wrong ones and make a correction later... And some find their life partners later in life. Some are lucky in life to find a job they like (passion), some found high paying jobs they don't like (fancy on outside but suffering on inside), some are contented with what they found.. In short, live YOUR LIFE. Envy others, yes. learn from others, yes. Don't model your life over others and fall into the abyss trying to be others (remember what you see on FB or Instagram may not be people's true life also). What works for some may not work for you. Action to derive the outcomes you want, and write your own life story. Cheers.
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