Anonymous
I'm aged 25 now, my brother and sister is 22 and 21 respectively, both spending alot of normal days.
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Rais M
09 Mar 2020
Accountant at SME
What I did with my siblings was a little extreme. First, I explain to them nicely on the need to manage their finance and also how savings and investment can help. Next, I literally make them set up a savings plan and the POSB Invest Saver account right in front of me.
You can say I force them to do so. I admit I kinda force them to because if I do not do it, they will just leave it hanging and not take any actions.
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Tell them if they want to rely on their cpf for retirement, they would have to work and wait for a g...
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I think the best way is lead by example. At their age, its kind of difficult to start thinking about future. I would suggest you to start doing for yourself and influence them along the way, don't try to rush and do it slowly for them to accept your advise.