Financial Planning for Young People

I am giving a talk on Financial Planning to students in the Institute of Technical Education. The key points of the talk are:

• Save 15% of your salary when you start work (in addition to CPF)
• Keep your savings in a bank account (does not matter if you earn a low interest rate)
• When you have sufficient money, invest in an ETF to get a good return over the long term
• Avoid paying interest on loans and debts (except for housing loan)
• When you buy a HDB flat, keep it within 5 years of income.

These points are explained in my book on Financial Planning.