Financial Management 6 Jar Systems

     Many know the important of Money management but some how do not have the discipline to stay on the course and hit the milestone that you desire. I am lucky enough attend seminar which talk about Jar system to manage your money which is completely make sense. 

    For percentage wise you may adjust accordingly but it is best to follow as the picture above. 

I didnt give that much though and not always give, hence you have to weight your own ability and personal core value. I reduce my PLAY, GIVE and EDU Jar but increase in FFA. 

NEC which is a Jar that we cant get rid but we can reduce it, the goal during young is to increase the FFA so that we can achieve financial freedom early. 

Currently, I am exploring working on way to covert my NEC to become part of my FFA.

Example, since I am going to purchase detergent every month or once in 2 months, might as well I turn this into passive income generating machine. 

But first and foremost, dont increase your NEC in order to build your FFA. Maintain it and choose the different product. I has been looking god quality product yet give me reasonable price product. Most MLM model product is good but most of he time it does not fit into my NEC Value for money principle. 

Find Out How I turn NEC to Passive Income

 

Discovering Plant Based Detergent

     Have you ever wonder after you wash your dish that does the detergent you use is thoroughly rinse off by water? I has been looking for good quality detergent yet cost effective as during the pandemic, we cook at home almost everyday hence the amount of detergent used was extremely high. 

    I have try a few brand but the price is really expensive compare to the common detergent I get from supermarket. One of my friend show me that how she wash her vegetable and fruit with her dish detergent. As you know most of the fruits and vegetable are coating with a layer of protective layer to preserved it. Normally we just soak it or with some salt. But now we can easily wash it with dish detergent and rinse off easily.  

I did some research on the detergent, here are few point that convince me:

1.Value for money (SGD10 for 1KG/litre, used direct marketing strategy)  

2.Food Grade and Eco-Friendly 

3.Highly Concentrated, No synthetic fragrances added.

4.Natural / Clean / Safe - Just a drop will get the job done.

Want to know more, please contact me. #plantbased #ecofriendly

Best Interest Rate to Park Your Emergency Fund In Singapore

    As we know that the important of the emergency fund which consist of 6 months of your expenses and commitment amount. It is to prepare to in the event you lose source of income and need 6 months to find a new job.  While with the Fed lowering the interest near to zero, all the bank in Singapore has revised their interest benefit. 

    I personally used OCBC 360 account for my emergency fund, but after the revised i no longer want to park my emergency fund in OCBC.

Here i found after doing research online, i would max out both Singlife and Dash easy earn program. 

Highest Interest Rates for Singlife Savings Account

The returns per annum for Singlife Account is 2.50% p.a. for account balances of up to S$10,000.

2.50% p.a. on the first S$10,000 (Returns are not guaranteed)

1.00% p.a. on the next S$90,000

0% p.a. on amounts above S$100,000

Download the app now to earn: https://app.singlife.com/Zv1g3TP1t8

Hence, here go my first 10,000 will park at Snglife to earn SGD20.83/month

While the balance will park at Dash Easy Earn, Maximum up to 20,000 for 2%p.a. 

Read more on: Seedly

To sign up simple here giving you up to $2 cashback for your first Singtel Dash transaction! Sign up with the referral code DASH-C1CPR or tap on this link https://appserver.dash.com.sg:443/mgm?DASH-C1CPR now. T&Cs apply.

Happy growing you wealth !

Sembawang hot spring park

It’s weekend and we gonna explore Sembawang landscape. Head to Sembawang hot spring and explore the beauty of it.

It is in between Sembawang and Yishun town 

You can bring your own bucket or rent one over there. If you just want dip your leg into the hot water, that’s no need to prepare anything. If you Want to have half boil egg, you may bring you own eggs.

Entry is free!

There is kopishop there there as well. 

The temperature of the hot water is from 70c to 50c and 40c

You may sit at foot bath area and dip your foot there. If you concern about hygiene, you can bring your own pail and soak beside siting area. 

Pretty worthwhile spending Sunday evening time there with family. 

Road Trip to Sungai Lembing Day 3

Took an hour of bone shaking 4 wheels drive journey through a hilly/mountainous terrain on dirty track, then 1.5km trek through a dense jungle and some rock scrambling just to witness this beautiful rainbow waterfall, is all worth it!!!

We were lucky enough to see single, double & triple rainbow all together. The best part is, we were served with hot milo & curry cup noodles, in front of this beautiful creature, best ever experience at RM60

#SungaiLembing #Nature #rainbowwaterfall

Road Trip to Sungai Lembing Day 2

Magical Cloud Sea at Sungai Lembing 林明云海

Woke up 6am to hike up Paranoma hill in complete darkness, then enjoying the morning breeze while waiting for the sun to rise.

Finally checkin this place after so many years!

#SungaiLembing #Sunrise #PanaromaHill

长大了。偶尔疯狂一下。是对身心健康

No entertainment, no fancy Food, just NATURE & SIMPLE life! Live in Hulu place is no joke, especially not much food unless you cook your own. Only Saturday and Sunday is crowded.

At afternoon. we went to the bigger than Batu Cave Gua Charas, with 400 million year old limestone and granite massif reaching 355 metres at its highest point. Amazing

#GuaCharas #NatureLover

At night we head to Kuantan for Dinner with curry coconut prawn

Road Trip to Sungai Lembing

“林明” 百闻不如一见 咱们到此一游

人与店 寥寥无几 #SungaiLembing #YearEndTrip

First Stop. 

Very Interesting Museum. Took “The Minecraft” in (100m) and the rest of the tour by foot (500m). Get to see the real tunnels where miners used to dig and pass.

As you go further inside, you will feel that the temperature is getting colder due to the air holes which give ventilation inside the underground mines. This is just the upper level of the entire hill, there’s still 23th floor (700m) depth in. Impressive!

That's the end of First Day, Home for few days at Casa Hill Resort, beautiful place

🏠Pool, FREE Karaoke & lots of board games etc