In this video, Dr. Tommy Wong introduces and explains the concepts in his two books on "Wisdom on how to live life".
The two books can be purchased here. There is a promotion for Book 2. Book 1 has been nearly sold out.
Tuesday, July 6, 2010
Leaders of the Free World
Read this article.
My observation
The leaders of five countries are paid more than 10 times of the average GDP per person (i.e Kenya, Singapore, Indonesia, South Africa, Hongkong). The other countries show a ratio of less than 10 times.
My observation
The leaders of five countries are paid more than 10 times of the average GDP per person (i.e Kenya, Singapore, Indonesia, South Africa, Hongkong). The other countries show a ratio of less than 10 times.
Booking a taxi during rainy days
Comment:
In the simulation, the sms response would definitely be fast. Getting a cab would be the hardest during the peak hours rush or when rainy spells - in those time, calls to taxi centres or via this system would still not be able to get a cab easily.
REPLY
It is difficult to get a taxi during peak hours and rainy season.
If you book through TABS, you will get a reply that you are placed on the queue. If a taxi is available you will be notified. If you do not wish to wait, you can send a SMS to be removed from the queue. Booking through TABS is easier and less hassle, even for rainy days.
At busy time, most people are willing to wait longer for a taxi to be available. It is better to wait in the TABS virtual queue, than in a real taxi queue!
Try the simulation now.
In the simulation, the sms response would definitely be fast. Getting a cab would be the hardest during the peak hours rush or when rainy spells - in those time, calls to taxi centres or via this system would still not be able to get a cab easily.
REPLY
It is difficult to get a taxi during peak hours and rainy season.
If you book through TABS, you will get a reply that you are placed on the queue. If a taxi is available you will be notified. If you do not wish to wait, you can send a SMS to be removed from the queue. Booking through TABS is easier and less hassle, even for rainy days.
At busy time, most people are willing to wait longer for a taxi to be available. It is better to wait in the TABS virtual queue, than in a real taxi queue!
Try the simulation now.
Tips on buying life insurance
1. Decide what you want, e.g. term insurance for $300,000 for 25 years
2. Get 3 quotes from the insurance companies, specifically on what you need, and make your choice
3. Compare with the benchmark for this product given in Practical Guide on Financial Planning
4. Read the FAQs in this blog
5. Do not listen to an agent who recommends another product, as the agent is likely to sell you a high cost, low yield product.
6. Never buy a product recommended by an agent where you are not able to compare with similar products
2. Get 3 quotes from the insurance companies, specifically on what you need, and make your choice
3. Compare with the benchmark for this product given in Practical Guide on Financial Planning
4. Read the FAQs in this blog
5. Do not listen to an agent who recommends another product, as the agent is likely to sell you a high cost, low yield product.
6. Never buy a product recommended by an agent where you are not able to compare with similar products
FAQ - Insurance for a child
I wish to give some tips to parents on how to save for a child's education and the type of insurance suitable for a child. Read this article.
FISCA Educational Talks
FISCA plan to organise the following educational talks:
a) Financial Planning - A Practical Guide
b) Investing in ETF, REITS and blue chip stocks
c) Consumers and the law
Each talk will be for 3 hours to be held at SMU on a Saturday. The talk will be held every 1 or 2 nonths, depending on demand. Fee is $30 (non-members) and $10 (FISCA members).
Details (including registration) will be announced at http://www.fisca.sg/.
a) Financial Planning - A Practical Guide
b) Investing in ETF, REITS and blue chip stocks
c) Consumers and the law
Each talk will be for 3 hours to be held at SMU on a Saturday. The talk will be held every 1 or 2 nonths, depending on demand. Fee is $30 (non-members) and $10 (FISCA members).
Details (including registration) will be announced at http://www.fisca.sg/.
Limited Pay Policy
Hi Sir,
I am a 25 years old individual contemplating on purchasing an insurance policy.
Limited pay life policy sounds attractive, in a sense, one is able to choose 5, 10, 20 or 25 years in premium payment and subsequently cover till age 65.
My financial consultant recommended me to opt for 20 years in premium payment.
However, I figured that 5 years in premium payment would make the life policy more cost effective
I was introduced to TM Legacy plus. Basic sum assured of $100,000.
Appreciate if you could advise on the
1. pros and cons of the policy
2. the no. of years i should choose for premium payment
3. whether i should take up the policy.
James
REPLY
Please read my book, Practical Guide on Financial planning (available at www.easysearch.sg/ishop). It tells you what to look out for. Most life insurance policies, including limited payment policies, give a poor return. It is better to buy Term Insurance.
You can read my FAQ on Benefit Illustration, http://www.easysearch.sg/Admin/File.aspx?id=57
I am a 25 years old individual contemplating on purchasing an insurance policy.
Limited pay life policy sounds attractive, in a sense, one is able to choose 5, 10, 20 or 25 years in premium payment and subsequently cover till age 65.
My financial consultant recommended me to opt for 20 years in premium payment.
However, I figured that 5 years in premium payment would make the life policy more cost effective
I was introduced to TM Legacy plus. Basic sum assured of $100,000.
Appreciate if you could advise on the
1. pros and cons of the policy
2. the no. of years i should choose for premium payment
3. whether i should take up the policy.
James
REPLY
Please read my book, Practical Guide on Financial planning (available at www.easysearch.sg/ishop). It tells you what to look out for. Most life insurance policies, including limited payment policies, give a poor return. It is better to buy Term Insurance.
You can read my FAQ on Benefit Illustration, http://www.easysearch.sg/Admin/File.aspx?id=57
Bank interest rate
Check the interest rate on bank savings account posted in the FISCA website (http://www.fisca.sg/).
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