Our experts show you how simple it is to manage and insist that it’s never too late to build your wealth - whether you are in your 20s, 30s or even in your 40s
It might not be possible to duplicate the massive successes that legendary investment guru Warren buffet has achieved. However, the 85-year-old ceo of Berkshire Hathaway has once remarked, “there is nothing wrong with a ‘know nothing’ investor who realises it. the problem is when you are a ‘know nothing’ investor but you think you know something.”
We ask three financial experts to dish out practical tips on staying financially sound – beginning in your 20s, building in your 30s, and chilling in your 40s!
20s your Medishield life
Starting work? Upgrade your MediShield Life hospitalisation plan to a private medical integrated shield plan.
Build your emergency fund. Set aside three to six months of your living expenses in your savings account for emergency use.
Purchase critical illness insurance. You get to enjoy cheaper premiums when you start your insurance plans at a younger age.
Be diligent and save
When you begin your first job, be diligent to save and invest, so you’ll have something significant to show in your 30s.
Depending on your risk appetite, your financial consultant can help you grow your wealth.
Leverage on dollar cost averaging. Grow your money by sticking to your regular, monthly investments. Resist the urge to take the cash out despite a bad market, and you will see results.
Learn about investment
Esta historia es de la edición October 2016 de The Singapore Women\'s Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 2016 de The Singapore Women\'s Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Ready To Zoom
Glow up and put your best face forward on video calls
Caramel Eclairs
Choux pastry is a French classic that transforms in the oven into airy puffs with a crisp exterior, ready to be filled and iced. It may seem a little daunting to make, but it’s easy with our step-by-step guide
Clear The Air
The quality of the air you breathe inside your home has a significant impact on your health. Here’s a look at managing indoor pollution
How To Show More Compassion
It’s an unhealthy habit that we often don’t realise we are doing. Ahead, some tips on how to show more compassion
Resolving Conflicts
Living in a digital age means that many of our social interactions are done online. However, reaching out and connecting with those around us is paramount, and even more so, with tough conversations. Ahead, experts share insights to help us navigate
Mood For Mango
Mango makes refreshing and satisfying sweet treats – perfect for relaxed entertaining
Dealing With The Unknown
If you’ve endured a few bumps and detours in the game of life, don’t be disheartened – these events might just make all the difference
Our Different Butterflies
Artist and art educator Saharra discusses the importance of art education as coping strategies for our young ones during these unprecedented times
And Breathe
The simple processes of inhaling and exhaling can aid sleep, beat cravings and reduce stress. A breathing expert explains how
Great Women Of Our Time
Every year, we shine a light on 18 distinguished and powerful women in the Great Women Of Our Time Awards. They are women who are changing their field of work, and doing their best to improve life in Singapore – and the world.
