tag:blogger.com,1999:blog-6092311610759487605.post8384793659810311341..comments2023-10-30T22:07:56.600+08:00Comments on SG Budget Babe: The Road To Financial IndependenceUnknownnoreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6092311610759487605.post-75362694459916730402018-03-23T04:13:39.522+08:002018-03-23T04:13:39.522+08:00Hi Choon Yuan, why is buying an endowment plan not...Hi Choon Yuan, why is buying an endowment plan not a good idea in your opinion? juliahttps://www.blogger.com/profile/18031716252822064580noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-89560112659052868582017-10-03T12:02:59.965+08:002017-10-03T12:02:59.965+08:00HI BB,
may i know your opinions about MLM? like th...HI BB,<br />may i know your opinions about MLM? like those that sell nutritional products ? It claims to help people while making $$ and members are having a sense of ownership of it by 'running it like their own business'. Therefore, people take it seriously as a way to financial independence.Anonymoushttps://www.blogger.com/profile/11947576156431134236noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-75976221566882264072017-06-08T20:12:17.782+08:002017-06-08T20:12:17.782+08:00Thank you for sharing such great information.It is...Thank you for sharing such great information.It is informative,can you help me in finding out more detail on<a href="https://www.bajajallianzlife.com/term-insurance/etouch-online-term-insurance-plan.jsp" title="Term Plans" rel="nofollow">Online Term Insurance Plans In India</a>,i am interested and would like to know more about this field and wanted to understand the basics of Term Insurance PolicyAnonymoushttps://www.blogger.com/profile/10921233434249878101noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-61038298915569300322017-01-18T00:02:20.569+08:002017-01-18T00:02:20.569+08:00Great post. Finding ideas to write about is one of...Great post. Finding ideas to write about is one of the hardest things about running a blog. Please visit <a href="https://goo.gl/DRCFra" rel="nofollow">https://goo.gl/DRCFra</a>Anonymoushttps://www.blogger.com/profile/12128485000132163483noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-42230125882976699382016-05-22T14:22:30.682+08:002016-05-22T14:22:30.682+08:00$280k within 6 years is impressive.i believe a lar...$280k within 6 years is impressive.i believe a large portion of Choon Yuan capital is mainly from giving tuition (most probably more than his contract job) & his saving due to his frugal lifestyle . Dividend Townhttps://www.blogger.com/profile/02718508049773559934noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-49897543178421782492016-05-18T22:46:01.404+08:002016-05-18T22:46:01.404+08:00Hi Kelvin,
Glad to hear,if you are a male who ha...Hi Kelvin, <br /><br />Glad to hear,if you are a male who has served NS in the army, the SAF group Term ($12.80/mth per 100k coverage) may be a good option to consider; if you are a public servant, you may consider the POGIS scheme which charges $5/month per 100k coverage. However, do read the SAF group term in details as there are some cons (such as Group risk limitation) and pros (coverage in SAF accidents)Choon Yuanhttps://www.blogger.com/profile/12611026055011755624noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-57076704200313371802016-05-18T22:33:07.400+08:002016-05-18T22:33:07.400+08:00Hi savvy people! I am also a saver. I just started...Hi savvy people! I am also a saver. I just started to learn at 25 yo. I will check with my agent regarding the policies. I see that Budget Babe is slightly ahead of me. Good to learn from each other.Kelvin Chinhttps://www.blogger.com/profile/05901898787594574401noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-89935800621998175912016-05-17T11:32:24.939+08:002016-05-17T11:32:24.939+08:00Ah I see. So in essence, you followed this roadmap...Ah I see. So in essence, you followed this roadmap and started young, which put you ahead of your peers and gave you a good headstart. Smart move! If only I had started a few years ago like you did! Do drop me an email, would love to speak more.Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-25390908102418030522016-05-17T10:03:00.499+08:002016-05-17T10:03:00.499+08:00My journey started at 22. While my uni peers did i...My journey started at 22. While my uni peers did internships/summer OCIP, I was working in contract full time jobs,, earning about $1550/month. During Uni term, I was also teaching tuition. The money was channeled for investing.<br /><br />At my 4th year of uni, I realized whole/endowment/ILP policies were not as good as BTIR method and took up 10% of an average person's take home pay. So I forgo it, bought term and invested the rest. In addition, my hobbies of investing and watching animes/K drama are inexpensive hobbies. It allowed me to save a huge proportion of savings. It has also helped that my pay is slightly above ($200+) the university median.<br /><br />The average returns of investing have been about 6.54%p.a in the past 6 years. So through all these, I have amassed this much. Choon Yuanhttps://www.blogger.com/profile/12611026055011755624noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-4266186192264411932016-05-17T00:31:44.472+08:002016-05-17T00:31:44.472+08:00Indeed! Kind of like driving a car - in the beginn...Indeed! Kind of like driving a car - in the beginning we probably have to drive at maybe just 40km/hr because there's so many areas to look out for and examine, but once we get the hang of it and become comfortable with the vehicle, then the rest of the road (over time) becomes easier to navigate and we can then speed up to maybe 70km/hr and beyond already :PBudget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-41160822210762058862016-05-17T00:30:10.548+08:002016-05-17T00:30:10.548+08:00Wow Choon Yuan, that's impressive! How did you...Wow Choon Yuan, that's impressive! How did you achieve that much in such a short period of time?Budget Babehttps://www.blogger.com/profile/05940384920609566419noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-37004624593520902082016-05-16T21:41:52.721+08:002016-05-16T21:41:52.721+08:00Kind of gets exponential over time isn't it?Kind of gets exponential over time isn't it?Lizardohttps://www.blogger.com/profile/14051784505115265030noreply@blogger.comtag:blogger.com,1999:blog-6092311610759487605.post-90494601719470331772016-05-16T09:46:45.596+08:002016-05-16T09:46:45.596+08:00Interesting; financial independence in Singapore i...Interesting; financial independence in Singapore is very easy. <br /><br />All you have to do is NOT buy whole/endowment/ILP policy, instead buy term policy as you mentioned in #4 and invest the rest on your own (e.g. thru STI ETF which is at a good price now); while I can't assure you that you will reach $100,000 by age 30, I am confident it will get you closer to the goal. And surely at age 50, this method will put you ahead of your peers.<br /><br />To summarise, just avoid endowment/whole life/ILP in Singapore.<br /><br /><28 year old, who has achieved $250,000> Choon Yuanhttps://www.blogger.com/profile/12611026055011755624noreply@blogger.com