Ladies – you too can make a great investor!

8th March 2011 marks the 100th anniversary of the International Women’s Day. Here’s wishing all my fellow beautiful and amazing sisters a Happy Women’s Day! On this special day, take some time to celebrate our accomplishments and honor ourselves for being the beautiful, loving, smart and capable woman we all are.

Among the achievements that Singaporean women can be proud of is the rising financial literacy and awareness of the importance of personal finance management. A recent survey by MasterCard Worldwide Index of Financial Literacy found Singaporean women to rank highly in terms of basic money management and financial planning compared to their Asian Pacific peers, scoring 70 and 80.4 respectively (out of 100)

When it comes to basic money management, 71 per cent of the Singaporean women surveyed said that they do not have problems staying on top of their bills and credit commitments.
At the same time, nine in 10 believe they “should have three to six months of cash savings to meet their emergency needs, such as illness or job losses”.

However when it comes to investing, Singaporen women scored only 51.5 (out of 100) in investment skills and knowledge, below the average 56.7 in Asia Pacific region.

So why this disparity? Being educated and financially independent women who are perfectly capable of mastering their personal and even family finance and budgeting, why do many feel inadequate and not confident about their ability to make investing decision?

Women are perfectly capable of becoming savvy investors, if they choose to and take the necessary steps to do so. Here’s how..

Continue reading

5 Financial Resolutions for the New Year

Happy New Year!

The beginning of a new year provides a great opportunity for a fresh start and a chance to make new financial resolutions. Whatever stage of life you are in at the moment, be it in your 20s, when you are carving out your career and enjoying life or in your early 30s building your family while developing your career, or in your 40 -50s where things are stabilised at work and family and you are starting to plan for your retirement, here are 5 financial resolutions that can make a positive difference to your financial well being in the long run.

Continue reading

What Does It Take To Become Wealthy?

 “Wealth gives you freedom to make choices” – Oprah Winfrey

Wouldn’t that be great?

Having the freedom to choose whatever you want, to spend time with your family and loved ones, to travel to exotic places all over the world, to enjoy the lifestyle of your dreams or to pursue your interests… without worrying about the money or trying to find time off work commitments.

Yet to many people, wealth seems elusive and a distant “if only”

So what does it take to become wealthy, is it really that unattainable?

Actually the keys to wealth creation lies in 4 simple steps. These 4 steps may appear seemingly simple and so commonsensical that you may think “I know this already, what’s the big deal?”. Yet these are the very fundamental steps which are practised by the world’s wealthiest people and advocated in numerous personal finance and wealth management books.

So, what are the 4 keys?

Continue reading