How does believing we are souls help us in our daily lives?

Extract from book, Wisdom on how to live life - Dr. Tommy Wong

Tom: So by believing that we are souls, how will that help us in our daily lives?
Guru: We can see everyone as souls rather than bodies.
Tom: Okay, then?
Guru: We don’t differentiate ourselves with others by the differences in our bodies.
Tom: You mean we don’t differentiate ourselves by different races.
Guru: Right, there’s only one race and that’s the human race.
Tom: No more “us and them”.
Guru: We see everyone as souls, and we’re all the same.
Tom: We look for sameness rather than differences.
Guru: Yes, it’s like we’re all air and there is only one air covering the entire Earth.
Tom: We are all one.
Guru: We’re all connected so we look for cooperation rather than competition.
Tom: Your gain is my gain, and your loss is my loss.
Guru: We look for win-win solutions rather than “I win and you lose” scenarios.
Tom: So we’re all winners.
Guru: Wouldn’t life be better this way?
Tom: Better? It’ll be heaven on Earth.

The book, Wisdom on How to Live Life can be bought here.

Survey - distance based fares

36 people responded to the survey. Here are the results, comparing the new fare (distance based fares) with the previous fare:

• Lower by more than 10%   ................. 3.0%
• Lower by 5% to 10% ......................... 6.1%
• Higher by 5% to 10% ......................... 45.5%
• Higher by more than 10% ................... 45.5%

I omitted to have an option to show difference by less than 5%. So, some participants are not able to take part. Sorry.

This may not give a representative result, as the survey is likely to attract a higher proportion of people who have to pay higher fares.

Tan Kin Lian

Medical insurance for Parents

Dear Mr Tan,
Both my parents mum 62 and dad 68 are not insured by any hospital cover. Do you think it is still worthwhile for them at this elderly age to buy hospital cover? my dad is healthy and has some monies in the cpf medisave while my mum has been a housewife and has history of high blood pressure and high cholesteral level.


And if in the event it is worthwhile to consider buying, which type of hospital cover do u think wil suffice? eg most basic cpf medishield or buy from private insurers?


REPLY
Try to enrol them for Medishield (from CPF). It covers most of the cost of hospital care in subsidised wards, i.e. B2 and C. It is suitable for elderly people and the premium is much lower than private Shield. If they cannot be accepted, it is all right to be self-insured. If they need medical attention, go to a subsidised wards.

This is covered in Practical Guide on Financial Planning.

Young people in Singapore

Are young people happy with the situation in Singapore?

Here are the positive sides:

• they are well educated
• they are able to get jobs quite easily
• they get special attention from the leaders - who make the effort to engage the young, e.g. Youth Olympic Games

The key negative factor is the high cost of housing, i.e. HDB flats, by most young people probably accept it as a fact of life in Singapore and are not aware about the alternative choices.

Do you agree with this assessment?

Business simulation game

Practice your skill in running a business. Develop the skill through practice, practice and practice. Read here.

FAQ - Personal Accident Insurance

In this article, I explain the coverage under a personal accident policy and why it is better than buying an accident rider to a life policy.

If you find it difficult to buy a term insruance policy, you can start with a personal accident policy (for $300,000 or $500,000) and switch to a term insurance policy at a convenient time in the future.

Apathy

Read this article.