[Post 146] How a 16-year-old is making a fortune by purchasing from Walmart and reselling on Amazon | CNBC make it

Summary

Max Hayden started selling candy and fidget spinners to his friends during middle school. He has always been passionate about business and started seeing some success selling high-end sneakers. During the pandemic, he focused on his e-commerce business by becoming an Amazon reseller and made $110,000 by reselling items like gaming consoles and above-ground swimming pools. Now, he is looking for a new warehouse to expand the business.

[Post 145] Making $44K A Year As A Sanitation Worker In NYC | On The Job

Summary

Anthony Igneri, 35, works as a sanitation worker in New York City and earns $44,000 per year plus overtime. Raised in Staten Island, Anthony was inspired by his grandfather, who was a World War II veteran and a sanitation worker for 20 years.

[Post 144] Why I Left My $116K Law Job To Work A $15/Hour Firefighting Job | On The Side

Summary

Nico Smith, 36, says she lived most of her life by the book. She passed the bar exam on the first try, got married, got a job and started a family. But even after checking all the boxes, she didn’t feel fulfilled. Then, a small fire on her parents’ property led her to a new calling. Here’s how Smith went from making six figures as a lawyer to pursuing a full-time firefighting job.

[Post 137] Young Investors | Channel NewsAsia Connect

1. Arthur Cheong

Arthur started investing at age 19 and shortly after, blew his entire account in just 2 weeks. Fortunately he was able to overcome his failure and subsequently made profit from investment. We take a look at the wisdom this young investor has gained from his investing experiences

2.Ang Kar Yong

Kar Yong began trading Forex with US$500 in 2012. One year on, his account grew exponentially, up to US$13,000. This episode takes a peek into the trading strategy and motivations of this 22-year-old young investor. It also features a wealth management expert, with tips on Forex trading.

3.Shane Low

23-year-old Shane is a student who dreams of being financially free by age 30, but is it possible? How is the young investor working towards attaining his financial goal? A wealth management expert explains how you can achieve your financial goals.

4.Karen Foo

After a stint at a 9-5 job at age 21, Karen decided to turn to investing as a way out of the rat race. We follow her journey into the world of investment and find out skills she has learned so far. We also feature a wealth management expert, with tips on how you can be a better trader.

5.Chang Choon Fah 

At age 17, Choon Fah was given $8000 by his father, and told to put that money into stocks. 4 years on, we see how this young man has evolved into a seasoned young investor with investment strategies of his own. A wealth management expert gives tips on how parents can give their kids a head start into the world of investing.

[Post 136] A Singapore family's tips for fighting inflation | CNA

Summary

Noticing that his family's expenditure was exceeding their monthly budget, Paul Lee decided they had to cut back. From finding free weekend activities and swapping car rides for hour-long bus journeys, to refinancing his home loan, here's what he and his family are doing to ride out rising prices

Personal Takeaway

1.Taking Public Transport 

2.Visit place which are free for local like musuems ,beach etc

3.Cook Yourself

4.Link credit card for digital payment to get cashback

5.Buy in bulk

6.Refinance home loan,change it to fixed rate

[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.

[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.