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Fresh Graduates

Young adults out into the working world

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Fresh Graduates

Salary

Career

Education

Will a masters degree at 24 help to increase my salary?
Fahmiin
Fahmiin, Back End Engineer at Seedly
Level 3. Wonderkid
Answered 14m ago
For sure it will but as a rule of thumb, I always go into postgraduate studies for the purpose of broadening my knowledge pool in an area of my interest rather than solely for the $$$. Seen too many unemployed undergrads going into Masters or PhDs thinking "Once I've got this title under my belt, I'll be sure to land a high paying job!" which is rarely the case. They'll slog through the extra 2/4 years and coming out with the same mentality. But if you got that sorted out, then for sure go for it! Postgraduate studies (especially in research) is intrinsically rewarding in of itself.
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Fresh Graduates

Career

Lifestyle

Education

COVID-19

What type of degree I should go for in University?
Rachelle
Rachelle, Digital Marketing Associate at Seedly
Level 3. Wonderkid
Updated 1d ago
Hmm... I agree that cyber and tech is definitely the trend, and it should serve you well in the future. If you enjoy it, or think that you might have the potential for it, go for it! That would be the best of both worlds! But just my two cents as someone who is unfortunately hopeless with numbers. For me, I ruled out things that I knew I couldn’t do such as STEM courses (which are highly valued and sought after). So I was only looking at Humanities and Social Sciences, and in the end chose the latter because it seemed more applicable to me. But of course, reality check, skill sets like coding and programming are definitely a good to know / understand, I’ve seen so many job advertisements where companies are looking to hire people with these skill sets. In the end, your degree doesn’t necessarily determine your first job (unless it’s something super technical). It’d be great if you could choose something you enjoy! And perhaps for practicality’s sake consider a double major or a minor, if you decide you want another valuable skill set. All the best! 👍🏼
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Fresh Graduates

Insurance

Critical Illness (CI)

Differences between aviva’s multipay CI vs other companies’ conventional CI riders? Is it worth it to get it?
Hey there! Aviva's premium waiver function works only for severe stage CI while some insurer eg. AIA's premium waiver rider doesnt have such a caveat. Aviva's multipay CI plan works by having 3 categories for early and intermediate stages and you are only able to claim once from two categories, ie. you can only claim twice, and each from a different category. You will be unable to claim from the last category. Depending on how you see it, it may mean a restricted way of claiming. The good thing here is that there isn't a waiting period for early and intermediate stages claims. The same, however, cannot be said for relapsed cancer etc. Then again, many CI plans have a waiting period in general for relapses. Also, the severe stage CI claim will render you unable to claim for the early and intermediate stages. So just some perspective. Different plans work differently, of course. AIA's multi-pay plan works by a maximum claim limit in dollars by stage. This mean it isnt limited to the restriction of claiming only from particular categories, and of course you are able to claim a maximum of five times for different CI occurrence. You will have to see which are you most comfortable with in terms of comprehensiveness and budget. Do consult a licensed financial advisor to explore your options. Financial planning is an integral part of life. You can reach me here to find out more.
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Credit Cards

MileLion

Fresh Graduates

When should I apply for a credit card as a fresh grad?
Jit Thong Ling
Jit Thong Ling
Level 3. Wonderkid
Answered 1d ago
Definitely as soon as possible so that you can start building your credit score when you pay your credit on time. This is extremely helpful when you take a loan for big ticket purchases such as your first house, etc. as it could save you thousands in interest. You should check with your bank assistant how long of salary data you need to apply for the credit card. All the best!
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Critical Illness (CI)

Insurance

Fresh Graduates

Early Critical Illness (ECI)

Term Life Insurance

I’m in my 20’s. Intending to get a stand-alone CI, may I ask for term CI, how long should I get coverage till? 70/80/85? Any advice?
Hey there! It depends on how long you'll want to be covered for. In general, you'll want to be covered for as long as possible, so covering up till age 85 will be ideal. However if you're looking at whole life coverage and limited payment, then a whole life plan with a rider may work beter. In general, many of the term plans also come with premium waiver riders that waives off premiums while keeping your plan in force to keep you covered. Financial planning is an integral part of life. You can reach me here to find out more.
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Education

Fresh Graduates

Career

Does anyone know if getting a certificate from Gen Infiniti academy /smartacademy boot camps can land me a job?
Kristerbel Pang
Kristerbel Pang
Level 4. Prodigy
Answered 1d ago
Hello! Not too sure about Gen Infiniti or other companies but I am aware that Smartcademy courses are structured such that you work on a project that you submit at the end, and this can comprise your portfolio because it gives you the opportunity to use the skills learnt in a work context. I personally find that a lot more helpful than just theoretical learning (: In addition, Smartcademy has an alumni network which it connects with employers so I think that this may help in terms of getting your CV/portfolio out into the market as well! All the best and hope this helps (:
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Savings

Fresh Graduates

Payments

Savings Accounts

COVID-19

How much do you spend a month? Incl. expenses, insurance, leisure, debt, etc.?
Here is a guide that you may find useful: Understanding Your Personal Cash Flow Generally, Total Expenditure = 50% to 60% of monthly income Insurance = 10% to 20% of monthly income Savings & Investment = 20% to 30% of monthly income How much insurance coverage should You have? Basic Life Cover = 10 times your annual income Critical Illness Coverage = 5 times your annual income I share quality content on estate planning and financial planning here.
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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?
There are many factors to consider before deciding to get a degree. First, it depends on what your interests lies. You should research on the school and the course you are interested in and find out more from open house and understand if it is something you can commit to for the next 3-4 years of university. Second, you can consider to take either full-time or part-time degree. A full-time program will allow you to meet more schoolmates, network more and have student life, while a part-time program will give you the flexibility to work and study at the same time to ensure your savings do not that that big of a hit. If your financial situation is okay and do not need to rely that much on savings to survive, I think it will be good to have a degree to both further your knowledge on the industry you are interested in. A degree pay generally will be higher than diploma pay, or you could even work for awhile and some companies actually sponser their employees for their part-time degree course for them.
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Investments

Education

Savings

Fresh Graduates

What was your initial investing capital as a beginner?
I started out with lump sum investing into stocks and also with Robo-advisors. I invested around SGD $1,500 as initial captial and did some top ups. For investments, I think you can look at your current income level and take 20% of your income to put into investments monthly. The most fuss-free method will be with Robo-advisors where you allocate a monthly sum for investment with them. Before investing, you can take a look at the various ways of investing your money so you can find out which works best for you at your risk appetite.
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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!
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