Tuesday, 26 July 2022
[Post 137] Young Investors | Channel NewsAsia Connect
Monday, 25 July 2022
[Post 136] A Singapore family's tips for fighting inflation | CNA
Sunday, 24 July 2022
[Post 135] The economic of IKEA:How they keep you in it's store? | WSJ
Summary
Counterintuitive though it may seem, part of furniture giant IKEA’s success stems from its policy requiring its customers to build its products. In this video, WSJ explains the behavioral psychology behind the “IKEA effect.”
Personal Takeaway
1.Flat furniture packing to reduce shipping and transportation costs
2.Design of the store layout to allow customers to spend the day testing out the product.
3.Affordable and low-cost furniture
4.When a customer builds something themselves, they become more attached to it.
Saturday, 23 July 2022
[Post 134] How does raising interest rates control inflation? | The Economist
Summary
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why.
Personal Takeaway
1.A higher interest rate encourages people to save money and spend less. Lower interest rate = more spending; do not want to leave money in the bank
2.A central bank is a bank for banks; a commercial bank can deposit its reserves at an central bank
3.High inflation rate= higher interest rate
4.Difficult to predict when inflation will fall when interest rates are raised.
Wednesday, 20 July 2022
[Post 131] How To Save On Your Parents Medical Bills | CNA Insider
Summary:Is home nursing more expensive than hospital care? How much should you budget for medical expenses? A study by Marsh predicts that each senior’s healthcare in Singapore may cost as much as S$53,000 a year by 2030. Quadruple that amount to S$212,000 if you are taking care of your parents and in-laws.
Chronic illnesses such as diabetes, stroke, cancer, heart disease and hypertension are expensive in the long run as our parents live longer. There will be regular check-ups, medication and doctor or specialist visits to pay for. This is where the Community Health Assist Scheme can come in handy to reduce costs.
According to the Ministry of Health in Singapore, 1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime and may need long-term care. That means planning ahead for help like a caregiver, nursing home or elderly daycare.
Personal Takeaway
1.Check the clinic near to you that allow CHAS
2.Setting up a bedroom with hospital equipment and hire caregiver
3.Purchase the necessary insurance
[Post 130] 5 Financial Movies To Watch
What better way to learn about finance than to watch a movie? I came across the big short on YouTube a while ago and have been on a financial movie binge since then. Here are some of the financial movies that I have seen and enjoyed so far.
1.The Big Short(2015)
The movie is based on the book written by Micheal Lewis ,The Big Short:Inside the Doomsday Machine.Basically ,the movie is about how several finance experts and opportunist predict the collapse of the US housing market in 2008 during the mid-2000s and how they discover the flaws and corruption in the system through their research.My first impression was that it would be a documentary-style story (those kind really bores me to death). However, after 5 minutes of watching, it was not. And did I mention the stellar cast, which includes Brad Pitt, Christian Bale, Steve Carell, and Ryan Gosling, among others? Furthermore, it simplifies financial concepts such as CDOs and why bonds rated AAA+ are dog s**t. According to one YouTube commenter, "I thought the big short was a comedy seeing it's tag, but it turned out to be a horror movie."
Sunday, 17 July 2022
[Post 129]10 Skillsfuture Course To Take For $500 and Below (Food)
As continue from the previous post,here are some useful course to take for Skillfuture for $500 and Below.
(Disclaimer:I am not affliated to any of the training provider etc).
1.Traditional Chinese Cooking($110.00)
Course Providers:Diabetes Singapore
For more information,click here
Course Providers:Diabetes Singapore
For more information,click here
3.NSA - Hawkers Set- Traditional Malay Cooking
Course Providers:Diabetes Singapore
For more information,click here
4.NSA- Traditional Indian Cooking –North
Course Providers:Diabetes Singapore
For more information,click here
5.NSA - Japanese Cooking Workshop - Teriyaki
For more information,click here
6.NSA - Japanese Cooking Workshop - Sushi
For more information,click here
8.NSA - 3-Day Italian Cooking Workshop
For more information,click here
For more information,click here
10.Home-Cooked Meals
Course Objective:These classes' main objectives are to empower people with diabetes with information on how food choices promote, prevent, and treat type 2 diabetes and practical cooking skills for healthy and delicious meal preparation.
Course Content:In this course, Chef Allan Teoh will be sharing tips on how common dishes in various cuisines can be made diabetic-friendly:
-Rasam & Mutton Keema (Indian Cuisine)
-Ayam Masak Merah & Gendang Kasturi (Malay Cuisine)
- Sweet & Sour Prawns & Steamed Flower Crabs In Bean Paste (Chinese Cuisine)
- Chap Chye & Chicken Curry (Peranakan Cuisine)
-Roasted Lamb Chops & Baked Rice With Fish Slices (Western Cuisine)
For more information,click here