Career - Seedly
Seedly logo
 

Career

Your biggest income source at the start

Questions answered
  • Recent Activity
  • Unanswered
  • Trending

Investments

Loans

Fresh Graduates

Career

Pay off $80k+ study loan asap or invest simulatenously with dollar cost average?
Hi Andrew, Explore with our local banks on whether you are able to refinance your student loan. If you are able to refinance your 80k, to present day interest rates of 1.5% p.a. You should be able to pay back your principle + interest within 5 years. If you use an amortization calculator, based on your 2k budget per month, you could be paying of around 1.4k of your principle + interest, with a budget of 600 to invest monthly still. You should try and spread out the loan as much as you can, as student loans are considered a good kind of debt. As you progress in your career, you would be able to pay off your loan as a small fraction of your take home income. With some planning you can do both, Based on your 2k budgeting, - 16.8K for Loan repayment yearly - 7.2K annually for investment - At a conservative 6% ROI yearly, over the next 5 years, if you invest your 7.2k yearly, your investment portfolio could be around 40.5k, from the invested 36k. As much as possible, if your situation allows for it, stay invested at an early age. You will thank yourself for it in the future. Hope i was able to answer your queries!
👍 0

Education

Career

Fresh Graduates

Lifestyle

Should I get a degree? Current NSF with about 30k savings having a dilemma on whether to get a degree or work after ORD. Any advice?
j
j, Accountancy at SMU
Level 4. Prodigy
Answered 1h ago
Hello, might want to ask yourself these 2 questions. 1. Which degree are you looking to get? Will other alternative professional qualifications suffice in an employer's pov? Some industry might have a stronger preference for qualifications (PMETs) but at the same time, there are certain professional qualifications (e.g. Google Data Analytics or AWS cloud practioners, ACCA for accountants, and the list goes on) that companies are looking out for, especially in specialised tracks. 2. What are other opportunity costs/ benefits with enrolling in university One trade off with getting a degree is perhaps the time spent studying on theory could be used otherwise to gain practical experiences or climbing up the corporate ladder for those structured jobs Also, another important consideration, might be the value of the potential networks you meet during your degree studies. Often, there may be seniors, mentors and even career offices at university that will help guide you to finding a more aligned job next time (and perhaps with a higher pay) If you are financially ok, (perhaps without having to make ends meet/ under any constraints), maybe an investment in urself for a higher pay check moving on for ur next 30-40 years of employment would be worth ... but always get in touch with those in your industry to better appreciate the pay progression better!
👍 0

Retirement

Career

Lifestyle

Family

Any job recommendations for elderly who doesnt know english, or have any form of educational qualification?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 2h ago
Maybe you can consider being a cleaner?
👍 0

Fresh Graduates

Career

Lifestyle

Education

COVID-19

What type of degree I should go for in University?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 17h ago
Depends on your strengths and interest. An IT-related degree would be good!
👍 0

Fresh Graduates

SeedlyTV S2E10

Career

Do employers prefer local university grads as compared to private university grads (eg: SIM/Kaplan)? What can private university grads do to increase their chances of employment?
Micheal
Micheal, Marketing and Management at University of Essex
Level 4. Prodigy
Updated on 01 Jul 2020
As the majority of the answers here said that there are some companies that prefer local uni, there will be some prefer private uni. I don't think that is an equal proportion but I do think that's somehow true. The cold truth is the majority of students in private uni are foreigners and it's harder for employers in Singapore to hire one foreigner compared to Singaporean because of Quota. Therefore, I'm about to say yes to the first question. However, based on my experience I can give some advice for you to answer the 2nd question. To increase the chance to get employed for fresh grads in either local uni or private uni, they should determine clearly what they wish to do after they graduated. Then, they should focus to increase both experience and skills on that major because the class won't teach the actual skills needed to perform the work. Students should learn it on Google, Youtube, online class, or doing an internship. I will talk a little bit about myself, I am a foreigner who studied in Kaplan. I recently get a job at a startup company in Singapore. I really like digital marketing and learn it by myself. I cannot work while being a student. So I created a website, Facebook page, write blog posts and learn everything related to digital marketing from SEO to social media. After all, my effort paid a sweet result. I recommend you to find jobs at TalentTribe, Jobscentral, LinkedIn, Mycareersfuture and Jobstreet
👍 4

Lifestyle

FIRE Movement

Savings

COVID-19

Career

What do you think about "micro-business", e.g. selling of Wou Wou/Ellure masks/detox drinks and other products on Instagram/FB? Do you think it is a good form of side income?
Justin Lim
Justin Lim
Level 2. Rookie
Answered 2w ago
On the other side of business models are the ethics of such claims. As a health care worker who majored in dietetics, I can only say those claims to detoxing drinks are pretty "fake" so I wouldn't recommend them as a viable business as they capitalise on buyer's lack of knowledge to sell those products. Big no no for me! Masks I'm not sure tho.
👍 2

Career

Lifestyle

How much can an ice cream seller earn?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 1d ago
Depends. Maybe a few thousand dollars a month?
👍 0

National Service (NS)

Lifestyle

Career

What are some jobs that I can work from home to earn some income aside from part time for pre-enlistee / NS men?
Kristerbel Pang
Kristerbel Pang
Level 3. Wonderkid
Updated 1d ago
Hello! I think that if you are looking for a side hustle to get some cash in the long term it is worth investing in taking a course on some in-demand tech skill like Digital Marketing or App Development. It is not an immediate solution but I think that it makes much more sense in the long run! Singapore is currently encouraging upskilling for all citizens which means that there are currently many courses available that are eligible for claims. (aka free or very affordable!) I found this article quite useful so maybe you can check it out and consider! https://thesmartlocal.com/read/training-courses-smartcademy/
👍 1

COVID-19

Entrepreneurship

Career

Any tips for boosting business to my cafe?
N
Nathaniel
Level 5. Genius
Answered 2w ago
1. Leverage social media Unlike other B2C businesses, you don't really have to buy paid ads to market your cafe. The power of marketing for cafes lies in social media. Ensure you have a regularly update social media presence. Invest time into connecting with your customers over your social media channels - responding to queries, providing regular updates, etc. 2. Make sure your food is instagram-worthy Because so much of your marketing will come from visual social media channels (e.g. instagram), ensuring that your food is presented beautifully will make a siginificant difference to your marketing reach. 3. Consider renovating your cafe This is an option to consider if you have spare funds that you're willing to invest. Just like with food presentation, aesthetically pleasing cafes go a long way to attracting clients - think of establishments like P.S. Cafe and their instagram-worthy interiors. 4. Offer delivery Dine-in customers, as you would know by now, have significantly dropped. Offering your food via delivery will be an important stream of revenue for lots of F&B businesses. 5. Implement a loyalty program Reward your customers for dining with you, or ordering food from you via delivery services. The F&B sector is hugely competitive, so every dollar saved helps bring you repeat business. Returning customers will be the lifeblood of your business. Protect your investment with F&B insurance / cafe insurance You've invested a large amount of money into your cafe. Make sure you protect your investment with cafe insurance . Provide's online platform helps you save up to 25% on your premiums .
👍 2

Lifestyle

Family

Career

Entrepreneurship

How do you grow a small scale home-based business in the middle of a pandemic?
Kristerbel Pang
Kristerbel Pang
Level 3. Wonderkid
Answered 1d ago
Hi there, I think that most importantly this business must value-add to consumers. After all, the most important thing is that there is demand for the product/service that you are offering, pandemic or not. Thereafter, I think that moving your business online will help greatly given the limited interactions available these days. Since the business is home-based, online marketing will definitely help to raise awareness and outreach for your business!! There is a digital marketing course offered by Smartcademy which is conducted real-time by industry experts! I found it very informative and thing it will definitely be of help to you. Do check it out and all the best (: p.s. there is funding support for this course!! https://smartcademy.sg/intro-to-digital-marketing/
👍 0
Load more questions