expensive plan with those data, but that time I don't think there's YouTube ah so it doesn't matter right only when YouTube or the website that you can see


YouTube okay, oh yeah maybe that one is still start starting up, yup okay that's about time yup


button on yup, clap


!huh!, one there's no part one financial, oh part one financial related topic ya okay, yup, okay so rico you start first


definitely lah everybody won't, ya , okay I have a few lah I have some I have a health insurance right then the the MediSave one then as well as I have the I used to have uh travel insurance as well then


there is also the how do I say, the investment ya investment insurance, ya, so I also have a life insurance as well ya, right is it


Prudential, rider yes definitely, ya, ya because ya because of you know, last last year incident


ya my my premium is super expensive, no no no is is a add on premium because of uh exceeding the, exceeding the , expenses uh for the hospitalisation bill


ya, ya, ya but I think we I think the I don't know I don't want to say lah okay lah, , no no I I mean I mean there's something wrong with the policy that the company actually insured for us lah that's what I feel lah


because by right by right all the team should have been, should have been covered by the company, policy but instead the company policy only, selectively covered and then end up the rest is, add up to my to my MediSave ya


health insurance, yeah to some extent that's true


I think there's definitely look for because you know the the one that the company covered right I think by they claim that it really covered the entire, build or at least to the maximum ten K as what the so called letter of, uh guarantor or something like that


covers but apparently I think, despite they claim they covered all okay by right rightfully speaking I shouldn't have to pay excess but unfortunately, when my, my uh insurance my uh MediShield insurers have to cover the balance


I think I suspect there's some that actually they overlap again so mean you say you know this this err company claim okay I cover A to Z or uh K K A to K but then the rest I cannot because they mess up the


the quota mah correct but then then the rest have to go to your personal insurance then when I person insurance, supposed to covered the balance mean you say the half uh, L and Z but apparently somehow I suspect they may they again overlapped some of the A to Z I A to K items so


I think there's a lot of loophole lah anyway, ya ya ya by right it should be lah but I I mean by at time of course I I didn't really scrutinise lah but I believe there is some laps over there lah so because I I don't believe if the company already covered


ten thousand right, then why why is my why is my personal MediShield, uh insurance having uh needs to cover another ten thousand I didn't even spend twenty thousand I didn't spent ten thousand so why in the end


the insurance my insurance company say that, you know, err I mean they have to fork out ten thousand to cover and because of that I exited their so called I hit their maximum, uh so called uh maximum quota ya capped in it and end up hit with a higher premium


uh so the lapse ah, ya ya ya so I have, this I think is a is there's a


there's loophole which probably could have been, prevented yeah but unfortunately nobody's really looking into them , okay then what about you always ask about me


ya but the once you hit that, each oh ya, by right I don't know, the uh ElderShield ah


oh they change the need to MediShield Life oh I didn't know, okay


I try withdraw withdraw also but then they they refuse then they still insist that I must cover


!wah! maybe I should have done that as well do you, uh, okay


so I just say, okay ya, yes okay so what about you eh what what are the, personal insurance that you you buy, yup uh


so little are you sure


, , , accident insurance, , oh okay


ya ya I have something like that as well


ya break even ah


, okay, ya okay, I think importantly when you buy something like that you need to know what is the


what is the annual return and percentage right so supposedly if let's say it is something that is, uh maybe I don't know uh three uh three percent of three or more percent


of course lah I mean if I mean like what I told you lah if if you, if you go if you do stop if you do proper of course you can earn slightly more lah but but supposedly if you are not the kind of risk taker then I think the investment endowment will still be a a good option eh


ya ya correct correct based oh I used to have one that is fixed lah because it was, ya uh


that one was many many years ago many many years ago and then old, , ya old scheme lah last time when I think ya all those insurance company they trying to start something like that so they did he they have this so call ya fixed


uh fixed percentage ya and then only I think they're after they realise probably uh they don't earn good money so they change the plan based on the company performance lor ya, ya the company performance still have uh


, oh okay, no lah


housing as in housing insurance, ya ya, housing loan and housing insurance standard lah once you buy for HDB HDB will force you to take up, with their particular


can you can don't you can don't buy but then you need to inform them uh I think within I'm not sure one month or one or two weeks ah can't remember lah there's a there's a duration time


to show them proof or evidence that you have already sign up with a you know some other, uh yeah insurance company you can do that you can do that there are ah I used to I wanted to do that also lah but in the end ah ya, I don't have any like you know I don't have time so I I just go along with what HDB offer


uh ya definitely ah definitely is that cheap but then again, uh actually the benefit the coverage is very very minimum lor as compared to outside if you pay a bit more I believe it should cover far more lah


eh I I think it it will lah but then is a very, uh very minimum equipment


ya, I can't remember of course that one ya I believe something like that lah


yes,


, oh okay broker actually that's a broker there's not a financial consultant uh, I think they are more of broker lah, I mean he's he's a insured ya he's the insurance agent, but then he works for this broker firm


who liaise with some other external, uh I mean they have their own preference insurance company to work with to provide some, some perks or deal ah


ya correct correct more broker rather than insurance insurance ya


then the company auto pass over to somebody else lor, I think it's common lah because nowadays I think insurance agent will not easy easy ah


so like if they don't hit the certain quota I think then they will just literally kick kick the agent out and then whatever policy that the agent has they'll just automatically


snowball back to the agent leader agent leader will just be assigned to somebody else lor or if not the company just reassign somebody else, ya ya I mean if if yours is like some some are abandoned child ah then I think probably is best to contact back the yeah company lah


!wah! eh like that


I think investment one probably it it also depends on whether does the agent really understand what what uh that financial endowment plan you purchase ah


what is it really all about then does I mean because important if the agent don't even understand what their company is selling ah for to you he or she may made a wrong judgement ah, because you see sometime I mean from buyers and it is a person understanding sometimes certain endowment plan of course when the economy is poor you don't expect a a group


uh you are correct and then but then when the economy is okay actually they do bring a good perks and then sometimes certain uh endowment plan actually they also provide voucher or sort of I mean nowadays we use this term or voucher or if not


they said that once you hit certain type certain uh years right then then uh then after, you would not have to pay anything else then whatever your investment is there maybe someday have a in increase of additional maybe two percent or three percent or something that or or double they said double lah so there's this type of endowment the so I think sometimes also takes the


the agent who review your policy you have to see whether, he or she really understand what exactly is that the policy that you bought earlier before can make a sound judgement


ya ya understand I mean, that that's why I think uh I mean of course I don't know how many how many more else you buy lah but, I said that I I feel that if let's say, uh ya, while the while the agent review for you probably about one to reveal through your own policy also and or maybe even called the


hotline to find out from the, the help desk, uh agent that help desk agent or the, all operator it will be able to explain to you also then at least you have some fair some fair idea what your boss it about them before the agent explain his or her version to you then you at least can do comparisons say eh


whether is the person really understand or does the person understand or really the person, feedback a wrong information to you I think that's also very important


yeah because I think ya ya to my understanding there are there are definitely a lot of agent out there who don't really understand the other, company uh policy ya


so whatever they review is only very surface so it could mislead you lah but of course uh end of day, I mean good too I mean, it's also right lah if let's say you feel that the I mean I said thing is not wrong also if you think that, your your uh investment plan uh is not really giving you what you want or you think is a bit too slow then of course it's always good to go back to


better to pull off and I mean cut loss and then invest in stock but again like what I advise you last time you you really need to know what you are buying ah ya


uh find a both dividend not not many find both dividend and those usually there's certain risk ah,


yup twenty minutes and thirty passed stop


yup on, part three negative experiences, okay you you start first lah just now you say you have a negative experience to share you share first lah


, I don't know just now you, ya but you say you you you you can't take it, uh stuck in singapore ya ya


, understand


I I believe most probably second half of the year lah


understandable I mean in in present era, most people needs to really go travelling to recharge ah, ya ya be it you go nearby malaysia or you fly all the way to USA is to say the same lah the objective is to recharge


ya, mean, mean definitely ah I mean, yup alright


, , yes, then


but ya I I think, true lah, but but no, oh eh, uh well if it's travelling I have a few


bad experience ah, ya I know I know alright, yeah I I mean if if you guys like to, listen to real horror story I've actually a few horror story ah


uh personally experience ah !huh!, ya , I I, anyway both horror story also occur in malaysia also lah and it it


I did I share with you I think I share with you right


oh okay okay ya haunted hotel that I told you ah , eh no no no eh , no seriously the hotel is famous to be


one of the one of the one of the uh famous, uh Bangkok haunted hotel it's just that it's not one of the ten, most popular one but it's definitely one of the I would say top twenty five lah


eh, I know ya lah, !walao! eh just


okay ya uh, so you want to hear my my my haunted story, ah my travel in malaysia lah ya lah


I mean both both again uh occurred in, KL because malaysia, ya malaysia is only either right you go of course there's a few places like you can go holiday but, my my haunted stories are all located in KL lah


okay so I mean clear out there's only two, two area to do holiday right one is the one, whereby you can feel the ice the icy cold weather the other one is slightly lower below that ah so, ya both are real life experience that I experienced personally


and then both are doing uh both are experience during my younger age younger days ah, I think sometime between, ten to twelve years old ah, recent one recent one don't have lah the


no no both both both are round I think different by two years only different by two years only, ya one one is, uh my father rented, uh a chalet rented chalet ya


so then yeah you and supposedly supposedly we're supposed to be put to the best room in that chalet area, but somehow rather, I think uh ya, the


did not pick up my mum's reservation, so, in the end when we drove all the way up there, by time we are there is about four plus then the to us oh dear, sorry we, we miss out your reservation


okay only after they check a few time that they found my mum's reservations it oh sorry we miss out reservation, the rooms are all all the rooms are fully taken or all of the rooms are fully taken, okay then my mum was very angry say, ya let me plan some so long and then now you tell me when you are here then you tell me don't have right


how can you do that something like that lah, ya, sorry nothing for the up here also totally full house okay so naturally ya my my parents are very fed up, then in the end after, !wah! I think at least, uh half an hour twenty two half an hour of


of uh, argument uh eventually the, the manager gave in the manager came sorry okay so, because of our because of their, they're poor arrangements so they end up have to


they end up have to, , I think they they, give up some discount for for the three day two night stay, and then at the same time they put us at one of a, special room they keep a they kept a room there's a normally they don't release okay only for unless


unless uh it need be then they have to release then of course we are with them also there was very late, ya correct


ya but of course at that point of time I was young I didn't hear the full story so I don't know but anyway my parents feel that anywhere we will drop out all the way up there yeah it was already late you see everybody tired so you if you want to, drive further up or find other place probably it could be inconvenient so mah so anyway so they take okay fine so we just take up the my parents agree to take out the place because anyway there's also discount also given to us


ya not not just on the stay but also on the amuse them eat there lah, so ya so it was a three day two night event, uh first day there was nothing much, everything is very everything seemed to be fine except for at night maybe because uh me and my brother


uh, we I mean we, wanted play some sports even at night instead of, doing other stuff got end up also don't know what to do also lah so we just all uh I mean of course my, grandmother my parents they they watch TV then


uh yeah me and my siblings then we just play some games together, so everything seems fine, then until uh ya then then when we're then the next day morning when we woke up, okay somehow they are my my grandmother commented that uh because she stayed in a separate room the the chalet has three bedroom ah okay one is a master room one is a


one is a second master room and one is a single room so my grandma stays stays the single room yeah me and my siblings stayed in the, their the second master bedroom then my parents stay in master bedroom, so then but ya then they slept lor then my grandmother say that


felt that when she's sleeping you don't feel comfortable because, ya since like the, the the window, I mean she said up just said something from the window don't feel uncomfortable then okay then next day my father say that since the I mean since my grandmother don't feel comfortable so she ask her to sleep with uh with the kids lah


okay, so everything seems to be fine, okay nothing goes on, they kind everything is fun as follow but then, come second night in the evening something seems to be a bit, a bit not right I I I was young I don't I can't understand uh I can't describe the feeling but seems like us uh things sudden


uh look or doesn't feels correct I don't feel personally feel feel okay but I thought they're starting I could be just, uh I mean paranoid lah okay thinking too much anyway my when I asked my brother my brother don't you feel anything so it's fine so then then then we just sleep ya then we just sleep ah


and then, no then out of the blue some time at about I think, twelve plus suddenly, I can hear I can hear uh along the living room area living area


uh there's some knocking sound okay some some object knocking on the floor or, knocking at the ya no no the floor is a carpet floor is a carpet floor so like some big something on the carpet floor then there's a ya door knocking also


no no not so hard very soft very soft okay then, then I then I I didn't want to I didn't want to scare myself said I never mind just continue sleeping, then later on okay, the the sound become more obvious already, some come more obvious ya


then at at at a point of time it was about, one o'clock or one plus I can't remember why I why why can remember the time because my brother wears a watch and he sleeping just next to me, I purposely check the watch , okay then then then the sound become


louder then I feel not not right then I wait my brother ask ask my brother !hey!, did you hear something not right not then my brother initially, was sleeping he say nothing nothing don't scare yourself, continue sleeping okay then then I say


not right leh, okay then then I asked, but but okay okay eh I think I hear something you know, then, then then later on, my my grandmother, woke up then she say asked me why why not you not sleeping through the ended already


no I think I hear something then my grandma say don't don't scare yourself does nothing then suddenly ah, our door pom pom, two solid sound pom pom my grandma hear my grandmother immediately


wakes up then she say she call for my brother ask about wake up, then my brother say !huh! what thing what thing then my then we all keep quiet you know, we all keep quiet then then, the door knock again two sound pom pom, !whoa! then that is different already ah you hear double knock twice is something very suspicious already


then ya then then, I started said then I then I I ask my grandma, it did we hear wrongly or quick be, could could be papa is those who knock the door on ask one to check on ask whether are we okay


then my grandma say, uh cannot be right they're sleeping mah, so, so who will knock the door on us, then then then then I say, then, why is there somebody been knocking on the door, ya


doors not doors not locked door is not locked, ya ya quite then then (ppc) then then then something even best happen, suddenly


out the blue it has very strong wind, bro you know ya very strong wind like some very strong we keep blowing then can hear the you can hear the, the howling sound right howling sound, !woo! the howling sound coming from the toilet door


!woo! then next moment what happen while it's just as good as you're watching hollywood movie, the cabinet for pom pom pom pom pom pom, !whoa! best no then everybody wake up leh, some anybody wake up and at that point of time we were sleeping we also the off the light the light is on also


okay then then you can hear the cabinet pom pom pom pom then then then the you can then the the uh, both the toilet, the toilet there's a window okay there's a window and the window starts to rattle tat tat tat tat tat tat you can hear tat tat tat tat and they howling !woo! !woo! !woo! then the then the than the door keep pom pom


then you can hear outside outside the door is not then the floor the floor carpet floor ah people bounce like bouncing ball !whoa!, then then and that point of time the sound continue to last from


from one plus all the way until, three plus no, ya then we just we just sit down there then ya then then #ah ma# just start chanting start chanting then we also don't know then we just hold onto the talisman


!wah! we do that also then !wah! then #ah ma# chant then everybody then, ya then then ya then then, then then it can then the then the at one at one point of time the cabinet


was vibrating very violently also （ppo) it's a it's a built uh, full, full wardrobe full wardrobe, ya ya ya correct the very big one so like !whoa! howling sound


yes no then it was the last for either correct if I not wrong three plus in the morning know then then suddenly you then the howling sound disappear, the moment the howling sound stop anything stopped dead silent


any stopped dead silent lor then, then suddenly then suddenly, uh after I think few one later then I think my father suddenly open the door come in what happen what happen, then say !huh!, you never hear meh there also so strong howling sound and then the the cabinet keep seeking you didn't hear then my father say


I only hear howling I didn't hear anything wrong then but then, but then I try to open the door the door cannot open, did you guys lock the door he said nobody lock the door why why lock the door ya !wah! then the next day ya the next day morning for my mom going give the give all the management a bit complaint right them level upside down


ya ya ya ya then, ya then then then in but of course uh because we only supposed to, uh for short holiday trip we only stay there three day two night only ah, so ya then ya last night last night that the first thing ya within even


within even take their complementary lunch on and the they I think they tried to give us additional discount !wah! I think I don't know how how eventually were settled but all I know where the first thing in the morning ah, because we brought our own bread also ya all of us ya my parents just put us all in the car and then just eat whatever eat them once they settle whatever they have to settle we just drive back to singapore !whoa!


real lah actually I was rarely, their super intense you can see that the, the lights ah flickering flickering you know ya then there's a very strong howling sound then all the glass panel was don't know, you know flickering


nothing did did they don't ask me anything at all ya they just experience this yeah, then then the finale how we know what actually happen to the place is when we are back in singapore I think one or two weeks later one of two weeks later I think


I can't remember was it me or my or or my brother, uh went to the went to the uh #toa payoh# library #toa payoh# library, last time #toa payoh# library, ya you can read the archives archived news right


can I read the archived news then from archives new we found that uh I can't remember back in don't know which year, uh ya that that that resort actually had one particular and there's a, there's a uh there's a suicide


committed in one of the room lah, ya and then it was it was a, it one one no one one person committed suicide there yeah it was a and it was uh, it was a


uh a significant case back then, for that area ya so, ya so then yeah that's like oh my god but of course that they did they would not disclose which room which one but then, ya we feel that ya correct correct ya


is typical lah is typical lah uh correct, ya, ya so exactly yeah so I mean if you touched on the post I mean is touch on the COVID situation I think, so far ya my yeah my kids and my me and my wife ah okay lor


ya twenty minutes


yes, part two positive experiences, !wah! travel, I think it's a easier topic as compared to the previous one


travel mah correct travel everybody likes travelling I don't I don't really think there's anybody who doesn't like travelling ya


Alamak why so many people have this type of symptom , uh, uh


okay eh wait uh let's not deviate from the the subject title the subject title is talk about positive next one then talk about negative , ya ya, ya so you're positive one


japan


yeah awesome right, definitely uh, , definitely


yes, yes, exactly that's what I say right ya, , yes, yes


correct


eh sorry breaking up breaking up your, you recording breaking up ya can't hear you, I can't hear ya, yourself hello hello, hello


I I cannot hear rico, I okay okay ya, I think there's break, there's breakage breakage during the in the voice


uh I I, okay I said we have, ya internet connection problem yes, uh ya ya, I can I can hear you guys slightly better ya


you should have stay stay there for probably two days I I would I would suggest you if can you should stay there for at least two or three days one day work at the lake down there then the other day ya


I understand understand most people will hit I would say for my for my, from my how do you say for my research most people actually hit down there late


late afternoon or it's not actually and night so by your time they're they're miss all the beautiful stuff in the day ya, , okay never mind lah


ya, oh cannot cannot, ya you have to book online in order is not they always give you the ya


ya correct that's why, ,


, typhoon


, hiking oh


right ya warm and friendly lah right, correct, !wah! you don't know meh my my one of the best experience definitely


!wah! eh I I mean, I I will still say japan is definitely number one, like like what I share with you know from the backpacking days to the the to the


uh ya I mean all of those backpacking days in japan is really wonderful experience lah something that, seriously can never ever ya erased off from my memory ah, ya even no uh no , it it it in a four seater country ya it's really


beautiful to experience different thing when you go at a different point of time, correct so you know ya then how I mean, I make full use of my opportunity there, to mingle with the local from the language that I learn


although is really half past six but at least I mean it's good that they are people can still understand me or I can still make some decent basic uh basic conversation not decent conversation basic conversation and then, ya forever you know meet different people uh travel if different people see a lot of things ya


japanese lah of course meh, ya the the the only thing I regret not not doing over there is because at that point of time back then, I mean technology is not the advance ah we don't have I mean to have a handycam ah is very heavy bulky expensive so I don't have that so I already miss


taking those yeah videos of those uh, preschool kids you know they are kindergarten kids they're very cute you know, all of them ya line up, early in the morning eight plus a m no join the teacher walk around the park so cute I spent every almost every day I spend two hours waking up just to


watch how the, uh other uh preschoolers you know, attending their class having their activity with the teacher very very beautiful, ya I love it so much ya


you know it's it's no no it's totally different is totally different you can see that, at that young age ah for five years old already they're already very disciplined and very ya and then the way they dress up is always so cute


yellow pant you know with the with the shoe with the ya blue uh white shirt, ya SOP uniform so cute moving around !wah! very beautiful ya of course, ya I mean japan is something that's very, amazing ah I mean ya imagine just to go around no just kept me people seeing different things


then of course are the second thing is really the, I'll I'll I'll say uh no doubt I also I also like, taiwan a lot but I think maldives is something that, I've always been, wanted to go also and I was very also very fortunate that I'm


eventually managed to fulfil that dream, ya only once ah so expensive ya once lah once, ya, but but very beautiful I'll say, the ya the diving as the scuba diving experience ya seeing life uh leather back turtle


and then see all those uh puffer fish sharks stingrays !wah! really amazing then of course eh I say right don't forget my beloved, uh real shark so ya it's although it's not very clear but then it so beautiful you know


ya the the only thing, again, I don't have back then is a videocam is not who uh have take a video but if can I want to go again lah to to


oh ya ya australia whale watching the humpback whales, is different is different, it's so different I mean because humpback whale although also not very close but then the you you can see the shape and the size probably better I would say lah as compared to when I saw the


the whale shark uh, ya it was it you have to travel to book and then do a dive, ya so, no no no the the dive is with a expert diver they just bring you to a certain depth the certain area easier to just have a


have have look at the real shark here, but because by the time I was there the whale shark was already know, waving goodbye so I, and then no no no you you, definitely but you can also see ah uh reef shark black tipped reef sharks


ya, it's a fun lah ya so and the food there is !whoa!, marvellous pure honey know best of the best and, ya pure honey hundred percent fresh pure honey, up for up to for you to take as much as you want and then you have fresh seafood that they just pull up from the deep sea !wah! just


no ah mower to the power, everyday ya everyday ya breakfast lunch dinner you can have the oh surely beautiful ya


ya !wah! there's a I mean your art the the fish was so nice leh, I think associate the Sashimi one ah !wah! I don't know I I can't remember I wait how many plate , ya, best way is fresh


no the the one from maldives right you you can taste the, the sea the sea taste, ya correct, but course the in the japan you only taste the freshness of the seafood ya


is I think two different experience lah, ya, no no no ya but then again


ya please please listen to my advice ah if can please go maldives okay please go maldives ya and then, I know I understand


I know you you no you you don't go for the five day four night, maldives trip okay you just go there for the three day two night is more than enough you trust me, it's a totally different I feel there are there are many people who say they don't like but evenly when they're there is totally different thing already know you see the


ya correct you know, one ah place ya, one one one of day one of the five days I was there there was at the actual storm the actual storm then you can you can you can because you are an I mean my villa is on the seaside villa right


can we because the !wah! heavy rain and then the the sky was so dark nobody walk outside there are, your you can literally almost blown away by the win something like what you experience as a uh in taiwan the typhoon ah ya


, ya ah so I also did experience


movie watching in taiwan also


I tried there as well yes, , actually they have two type two type of KTV you know the the party world the <mandarin>前柜:qian gui</mandarin> ah that one that one is a standard


KTV that we experience here there's another type ah the type of KTV ah they provide you, uh food uh like uh for what the price of one you can eat as much as you can at their buffet, a buffet corner okay but ah but the for the ya uh but then for the song that you pick ah


there's is hundred percent no analog, no no no sorry, no no so I know digital meaning you say you have to sing with your own tempo ya or ya correct your own voice yes


yes yes ya correct , that one actually was quite cheap leh I think if I'm not wrong I pay for I think seventeen dollar SGD or eighteen dollars SGD ya


no lah that time with my wife mah uh taiwan no no no taiwan oh ya always with my wife


no uh, okay so I think can't remember is as four hour block or six hour block, for flexi ya, yes correct ya


ya Shiok that's why but but the only difficulty is if you are not familiar with the song you wouldn't know you know how to sing the song properly lah there is there's a difficult portion ya


I think that time have, you have lah but I I did not use ah I mean ya, ya, I think back then if I'm not wrong


uh, have have have have but then expensive ah expensive it's not like now you know, no no no back then back then I think


uh no no no no that time when I went there, they're package is not like that I think they're package is I think, uh !wah! I can't remember this one bit tricky I think only a a few few a few mega byte only ah a few hundred megabyte


ya within that one week time frame or something like that or ten days I can't remember ya, !wah! that one I think two thousand and five or two thousand and our leh


I just I can't, no no in in in in in taiwan is very very popular just that I think the the same card that they buy that they offer lah I think is not so is not as, as uh how to say ah uh


ya correct lah probably can see that ya, ya could be lor ,


, ya I think that hand must should have YouTube already ah but it's just that you come, I mean you you you don't really get all the songs from YouTube lah probably


, ya probably starting out with the point at that time I can't recall also ya, , uh yup twenty minutes and four seconds


okay yup now is recording okay


but the thing is that now the question is about, uh what do you think of this lah then, ya so you you like if you were to go in depth and all these like it really does not really answer the question I think like financial independence


ya lah no lah so you will you just continuing ah so thought that, the bag is like how can you like you how can you achieve the the financial independence lah so


so do you do that


oh I see


(mmhmm) , okay my my thoughts is that uh of course you have to you have to all these all these are planning that you have to do it from the start, so like obviously for your for your case then is good lah cause you have your dad to


can hear like that, okay so I'm saying this kind of this kind of planning right it depends on uh like individuals lah so for your case I've been I think you are a bit luckier cause you got your your you you have your dad who has like the education like the knowledge on doing this kind of


uh planning lah but for my side here uh I don't so I have to do it on my own then like, in a sense is a bit tough because like you know we are we we are just, growing from young right to to whatever age that we are now


so it's a little bit tough and we do no we are not exposed to like the aspect of that area is only through like you know research and like like research or like you know if somebody tells you about it then you go and read up about it and then you you you go and learn more about it lah then from there on you see whether if


you want to take the first step into doing this planning lah so, so in a sense like I won't I won't even talk about like the retirement part because is like is quite a far fetch lah uh not to say like we we cannot like neglect that part as well because I mean eventually it will come right


but the thing is that we can like maybe plan plan in maybe like in in a in a time span of like five years ten years, so like it's easier lah in a way for for myself ah that's how I do it lor I won't say like financial yeah uh


this kind of planning won't achieve this kind of independent lah of course like you mention so I agree lah, that you have to have passive lah like you have to have a like side hustle and then you do, ya like for myself lah same lah you know we we have our own side business we can do here and there we will we will earn this kind of like passive income on the side lah on top of all the on top of the like the the the basic security that we have so I guess


like that if I do it like that, like that


oh okay, ya lor so ya, so that's my my my take oh on this


, that's good


, ya lah like exactly like what I say lor so is only it's only when like you want get like you see like is


it's exactly what I said just now so it's like if you are exposed like if you are told about this like what investopedia thing right right then if we are a little bit like for myself if I'm a little bit keen then we will have to go and do our due diligence ah to go like research about it and like to know


to to do lah to learn to learn and read about it lah basically so it's like we need is like the fact that we're still have it's like we still have to be exposed to that what if we are not then then you won't know that this what whatever this, what in investopedia exist what I I really didn't ya I didn't even know that this thing exist [loh] so that is uh literally what I meant [loh]


ya lah of course lah I mean your dad obviously will be proud of her ah


, I guess like the most basic ways of course to err seek help from like a FA lah the financial planner ah if you have one so then at the same uh I mean then from there on they will like let you know what do you need


and of course like helped you to plan out also lah so of course this would be like a evolving uh second party to help you to do this kind of planning ah which I think is also good it is like a lazier way as well lah if you were to consider this lah, correct cause if you were to give like a FA to do that they will help you to plan nicely what of course you go to a good one lah I mean the one that you trust lah like they will really


act according base to your like budget, and then like work around it on how you can like slowly in a few years time or like ten to fifteen or whatever twenty twenty years to plan it nicely for you [loh], so that that is that's that is how I do it [loh] so I approach like uh that's what I did lah so approach the uh FA so she will help me to do a summary like a summary of how like in terms of I can


uh get my health cover like the the investment part and saving part savings part, ya but for the saving parts uh I did it since I was like seventeen so I guess that is a good start right like because I was like working as a telemarketer what that time


so I I I got exposed to this kind of like uh policies and thing that I uh I mean things that is related to financial wise ah so I guess that is good right I took my own first step right to, to try to achieve it lah so ya lor then now is just slowly building up oh now is building up the investment investment uh expect and of course like health also like if you have wealth but you don't have more health then then it


it defeats the purpose also lah ya lor so that's how I do it lah, then of course like I meant every whenever when when we get older of course we hope we will get higher pay also right I mean that's how the flow works right then then from there on try to


put in other put in other funds ah that you have that is available for for better uh uh financial planning oh and then of course uh achieved like independence oh at the end and of course if possible retire early lah


ya nah that is my my side oh oh the retire part early is also good because I have this like policy that is to, like till die one so err till die then uh, like within certain years you can actually withdraw uh this certain lump sum money also so that money is like for you to retire one so ah that aspect I already got it covered lah in a sense so for this I think I don't have to worry so much


so in a sense that's how for me ah that's how I achieve it lor, ya lor but for your side since you say you it sounds like you are near you're you are only talking about the investment part right


for your side ya then how about the health part, so have lah so you have lah,


ya lor this kind of safety net oh so that is good lah


withdraw ya lah, that's why


ya lah probably they never I mean last time last time is last time lah cause they don't have like access to this kind of thing what


I mean like say the majority of the people lah then, ya is only for like those educated than they will know about this what right so then I mean this is nothing we can do lah I mean this is the generation, this is the this is the the


the generation the old generation thing lah I mean we can't do anything right there's nothing we can change now ah so ya lor we have to just accept, ya exactly exactly so what we we have we are exposed so I think that is good


ya lor, ya lor so, ya hopefully we can retire early, retire early, and you see whether you see whether if your I don't know if your retirement plan is good ah


ya lor, so you didn't so you think you can retire early


, ya lor can try lor like I mean you just you just need some planning [loh] to do it and then so long everything everything is all set in place and everything is going smoothly then ya I don't think that uh there is any


of a issue lah to retire early uh don't need to say early lah I mean so long you just have like you know uh ample amount to like last you for how for as long as you live [loh]


ya lah ya lah I mean I mean I'm saying with that that in place lah that you can like take out or you have (ppc) you usually have like passive debts paying you you know that you can like enjoy from the policy that you did like so many freaking years ago you know that kind of thing


okay


okay (ppc)


ya waste electricity negative and always Kena always get scolded


because


then you start getting scared


no you can sleep anywhere what anywhere anytime


so maybe that's the maybe that's the reason why you like can sleep so that's the reason why you can like sleep anywhere anytime at any any place because like that you know that there are people around lah so I guess that's the I I don't know the bad part of it


right then


!eeyer! since when


!huh! since when there's such thing in TP, !aiyo! so scary, what the


I mean ya I mean whatever you say just now is quite valid ah cause my my my situation also somewhat uh similar to yours like from young we either we we don't like the parents due I don't, not sure how old lah okay but then uhafter after I mean we have our own rooms then even our uhthe house right we do have like a like a sleeping area


so I will always sleep with my sister like up till now also we sleep with with my sister then uh with my own sister lah then uh it's like I never experience like having a room on my on my own so I don't know whether if like next time I'm going to like uh have a room on my own I don't know whether if I can sleep properly or not


then ya lor somehow I also work uh I will uh I over think a lot like you say like very scared lah like you know like you you just recall the freaking like, like scary movie scene in your head then you'd the more you cannot sleep it's like you really cannot sleep ah so I I don't have a I don't know the fear of the dark or it's just that it's just like scared lor like just scared lor like


ya don't that I think that is my fear like like future potential fear that could exist in the future so that is something that I will, find that that that could be an issue ah, ya lor I mean I mean the next time I won't


I mean the next one of course I won't stay in a big house or not say not say, up no out it it's not possible that I'll be staying alone in a whole apartment ah correct or not so, ya lah I mean I will still be with somebody lah right of course right , so hopefully is you lah then but the thing is like I mean we have our own work schedule right you can be at you can be like I don't maybe sometimes you need go business trip next time then I have to be alone then like how then will be scared lah


ya so ya [loh] so !wah! now you say like that I also scared now, !wah! then just like, just like uh alone lor, I mean I can eat alone and do things alone and then everything is okay but like if it's like sleeping alone then will be a bit scared lah I think


ya lor


paper waste right, ya


, ya ya ya I know I know


, ya is like that one, ya, at that that time that time I go uh what what cambodia also so like although I was sleeping with three people right, yeah although we were sleeping in triple right !wah! but when you off the off the hotel room right uh I mean we we try to leave some light on lah but don't know eh it's just that it just feel very it


I just cannot sleep lor I think it just me because like, you know you go to a foreign place and then it's like cambodia some more than you don't know whether is clean you know clean as in clean then like I just can't sleep oh the whole night then although I have a friend beside me lah because


we we are sleeping with three girl mah so I I took uh I we we took the risk of having three people in our room, because the other rooms are a bit smaller and only only my group right cause we all split into groups so every group will only have two people but our group will only have three people


so uh I will I I don't mind lah willing to take it lah cause the more people the more merrier mah so don't have to sleep alone you know that kind of thing so I uh, ya lah so I initiated that initiate the but still you know like even though you have company right but you are still scared


ya I I don't know what kind of fear is this but I'm just just scared [loh] in in in nature, ya just like it's just like very freaky oh like !ee! like you just can't sleep because like you are in a form laying you oh


ya lah, ya I mean you can say that so ya lor so the next day cannot sleep well but after that slowly slowly you just get used to it cause we have to be there for like two week you know


ya lor, ya lah two weeks lah but after that it's just slowly just get adjusted [loh], but I don't know I feel that it was that room itself cause like for that few nights that we were there right you just you just don't feel I don't know whether is like the feeling of like got ghost or something like that that I really cannot sleep


ya I really cannot sleep so err after that uh after like three to four days later , everyone of us is moved move over to the new, uh to the newer hotel uh I mean is the same uh same name but is uh move to the newer wing the one that previously we think was the older wing so like then after that we moved already then oh okay is better already ah can sleep already [loh]


ya but you we we won't know lah what was going on ah you know but I mean we didn't complain lah, we didn't see anything we didn't feel anything it's just that it's like so <mandarin>巧:qiao</mandarin> you know we after three four days than we we move to the newer wing


then okay lah then, better oh I mean then that that experience like wasn't that bad anymore [loh], I was still ya I was still scared eh but it's just that you don't feel you don't feel anything but you just like cannot sleep, ya lor so it's just scared lor


, oh my my


then no choice weekends week's end, if you have have


ya whereby you can't see anything right, research about


semi ya semi conscious, yeah, ya lor for your one is scary lah, I mean yours is really scary


move, ya I mean I don't think I will experience that lah, ya lor because you are a deep sleep I'm not I'm a freaking light sleep so I I mean if I don't think is possible like any slight noise and then I would wake up already


ya you lah, ya lah you ah can sleep like twenty four hour, not say twenty four hour for mainly ten hour so long


uh like okay like (ppc), like maybe like next time example like if it's business trip then you have to go right then ask my friend come over and stay over with me lah simple oh that's how I overcome oh , practical ways oh or I go my friend house I think lah can lah anyway lah


like whole ah like a stay over you know like or pyjamas party kind of thing so I think that is how I will overcome ah or ask my sister come over lah simple, then settle already [loh] I hope I don't go through that lah but I mean because it's like I haven't experienced it right but I'm just like forecasting it right next time like how are how I'm going to do like survivor ah sleep alone that kind of thing ya lor


so I guess just I guess the the most practical and the most easier ways to ask people to come over [ho] [ho], safer lor feels good ah right is a is a practical way to to minimise to have this kind of like experience


ya lor


something, !wah! I was reading I was reading this also, oh uh cockroach oh disgusting goodness, ya so is something that I watch ah like you know there's this this video that's is an educational video and this cockroach are actually good so like in this channel there's this like whole like


whole foot long worth of uh factory right that the whole all of these freaking cockroaches my god so disgusting I tell you , I tell you the moment the moment you start playing right and then you start seeing them crawling around right oh my god oh tell you you will it's just so gross is like my goosebumps are like coming up soon also it's like


ya I saw ya but okay, I know I know I saw but that one is that one is ghost lah my goodness the the the


!aiyo! !aiyo! oh !eeyer! , I know I saw the singapore one right, but this the ya, !eeyer! oh your one is uncle ah mine I saw was the auntie eh


ya I I heard uh I know Wati also is because my friend was uh my friend actually does volunteer for this kind of houses uh like volunteer works ah so he , it was to his , uh he was known that uh he had to go and try to help ah


then he say no he don't want he scare of the cockroach so that day he didn't go and help because it's really crazy it's like, they hoard and like, keep all sorts of nonsense man in their house, like a hoarder lah and is like I don't know hoard what lah because is looks like it's all rubbish ah basically it's like did not go and do anything about it


that is just rubbish oh it just keeps accumulating until until a point that all this like uh infestations happen oh I don't think it's just cockroach lor like I think there will be termites also not sure


!wah! !wah! I would oh sorry I won't even stay there, I won't even stay there, before before you ruin by the house right you will go and recce your neighbours also right, and I won't even stay that kind of place please


why why take the effort to do that then I have to go jail for it eh, are you mad, no lah won't even stay there, no you, I won't do that oh


ya lor so ya lor what what disgusts me is really cockroach cockroach no I can't take it, oh by the way I haven't I actually haven't killed one with my own bare hands before like like uh like using my shoes to step one !ee!


or like err ya I never like physically use my own body trying to kill it always it's always using like a external party like spray lah whatever to kill it, because I'm so scared of them I just don't like them beyond gross


cannot my heads is all about cockroach right now, that's quite Jialat right, so next time


(ppc), (ppc) I know they are actually known to be medicine, I know, !eww!


!eww! !eww! !eww! please don't please, !eww!


ya oh but but it's like, !eww! !eww! !eww! !eww! no please , it's too gross I cannot oh that time the cambodian we went also so we we there was like this challenge ah that they they they try to ask us to eat leh the cambodians ask us to eat eh


ask us to eat insect eh oh my god I cannot take it like, I'm too gross up it there was like worms meal worms cockroach spider uh cricket I think of cricket also , !aiya! ah it's all faults lah


okay, this is wait ah can I just see, what's the what' this issue


travel experience that left me in awe , ya I knew it so that's why I'm reading out now travel uh, ha don't know how to say eh shit uh, oh okay I will talk about what is a what is a skill or ability that you are secretly proud of having


so ya I'm going to touch on that so so I feel that, if I like that okay, you didn't hear like that


okay so I'm I'm going to say like a skill and ability that I'm secretly proud of having ah so I think is the ability of me being like flexible and , being very curious and willing to learn a lot of things so like at a at a at a very very young age like


uh I always like venture out to try a lot of different things and in different industries so that I get uh uh I will get a hang of things of how things work so then I can see like what I really want for myself and then at the same time I'm I'm very


uh very independent also so I I worked best alone lah so I don't know whether if that is a skill or ability lah but that I think working alone is the best because you you can have control over everything lah, and then like okay the skills so basically is like


since young , I'll have to like you know be financial , not say retire early right but you need to have uh a good financial stability lah for yourself to even like


how do you say , go through life lah basically to support yourself lah so since like since like sixteen I think, since like sixteen I've been like trying to to uh been uh being trying to want to be a business owner ah so have to learn I have to learn and pick up all this skill to you know to to


to do ah whatever that is necessary so so you know I expose my item and like my product through online and at that at that moment when I started I'm like you know online craze wasn't such a craze like how it is now so, like I think I have the upper hand on like all this


technology and how things work, so I guess is good like this kind of this kind of thing is like, a skill ah and it's like ability to do that lah so and uh not not say a lot of people uh not say a lot of people would be able to do that lah, you I mean do you agree


ya lor so


ya but the but the issue is that like but the issue is that I don't have so I only trust myself so like only trust my


people lah ya lah of course of course I mean now also I am lah not like we are don't not working with anyone it's just that like, like, like I don't know it's uh I don't know it's like a trade off like, like a OCD or like a perfectionist lah you want things to go within your way and then that's why you want to take control and then to do it


from step one all the way till the end so you would like to oversee lah basically so it's like example our I I uh oversee and do it from like maybe says step one to step five, but then uh but then someone is doing in charge of like the step err step five uh step six all the way to maybe uh seven or eight


but I won't I won't how to say I won't trust the step six to uh eight then I will go and see and then you know if you go and do that right then you just going to waste time and is not effective at all so it's like that's why I don't trust never mind so I do everything from one shot


and then and then just get it end over and done it ah of course of course in a good manner lah, ya lor, so ya lor so working ya lah I mean I mean if you're in a workforce than ya lah you have to work with your team lah I mean because anyway in a if a if it's in a company you are part of


a part you are part on you are like individually you are part of the process what so whatever you're doing is within your scope so that is okay ah plus you are not the CEO ah so you can't get control over it what


, or like oh positive ah ya lah I mean this kind of like things so okay so it's like, you you set up this whole like online business from scratch so I mean that's obviously I'm happy about it lah is like a little achievement that I I did for my life ah then of course like since young I'm be able like I'm able to like support myself lah since all the way till now so is like after after


once I did that once I did that, eh it's like a sense of accomplishment lah so that's that's something that I'm very happy about lah so ya lor very happy oh so is like it's not something that everybody can can do it and I mean different people have different uh expectations lah and also like different experience but for myself is this lor


yeah definitely like you know if it's online business, ya definitely of course like , if if somebody order things from me then I'll be very happy lah then I'll just pack ah pack all the way like


I don't mind doing I don't mind uh slogging and don't don't mind working like super hard for the thing that I do and often things that I for my business lah basically so that that is a ya I won't even find that is actually part of a job or like work


so ya lah I'm very happy lah and I would I won't mind doing I'm all I can like stay until very late or maybe don't sleep also can if that's possible, ya lah exactly


ya lor so so then yeah lor so that is that kind of like adrenalin rush lah right is like, !wah! you know you built it already then like you do it for yours is like the case the computer what you know you you build one already so like you want to move on to another one, then like you know that that adrenaline rush ah


and you will just keep on doing ah and in the and you will still be happy about it ah


yup correct ya lor, so ya lor this is something that I'm very happy about ah, , and I of course I think it's also part of the positive experience right focus ya


definitely yourself eh then yourself


what what is the positive experience


can build something right like cook something make something


good right, happy lah right


ya ya ya oh my god ya for my uh this one also is is is the same as same thing lah, is like when you know when you when you like recommend something that uh that you sell and then people are enjoying it and then they are like loving it and then they will keep like coming back for repurchased right you'll be very happy like it's just that kind of like uh it's just that kind of like happiness lah that you can never be bought by money oh


so ya lor ya lor so is like very nice ah it's a nice feeling [loh] it's it it ya like make like what you say [loh] it will keep you like going [loh]keep you going and keep you doing and it will just make you uh work harder, you know which is a good I mean in a good way lah ha you know ya exactly ya


I mean it's not really what is plan but I mean if is if it works it works lah right then just just carry on and just you know, happy oh unwind ya lah okay your turn your turn


positive positive experience, we can keep that we can keep that for negative later, oh okay then


no lah but but I mean in the normal sense it's considered and categorised under the negative part what we can keep that later okay, !aiya! then


just just try to say something nice it's six minutes now, uh describe a strange , of you want to talk about japan, like what travel experience that left you in owe


ya you can it's just ya it's just a guide


no ah you say ya lah I mean ya then you'll be fatter also lah, ya dude


ya oh oh then so this is the experience that are left me in owe [loh] so like in singapore right he doesn't even eat a lot then he doesn't even eat a lot he eats like a cat so basically like if you eat a like you order a bowl of noodle right , then err like a bowl of noodles right he will he will not finish the whole bowl of noodles but whereas ah in japan right oh my god is madness eh in japan he eats like a full course meal right like you can say like three course meal right


then after that he tells you he tells you say he's he's hungry again he wants to go for dessert then after dessert right, that's not enough he still say he's hungry he wants supper me is like oh my god this like it it really left me in owe lor like what the heck right !wow! he can really eat that much and he's really


is really different lah his like he, ya it's madness I tell you so yeah, ya exactly so like super bias lah to do the country like the


we just eat oh just eat so much eh it's like we are so full already but yet he can still eat eh so it's like ya lor really like you say oh is like choice of food oh and you're just basically bias lah, to japan ya you must while just go live there


right, why what you mean no, no what like normal conversational you you can you can still talk to the


LOL I mean who won't be happy cause it's like you literally getting from the real source eh it's like from japan and if I can teleport I also will teleport lah LOL


oh why all the like all the their local designer clothes teleport there go and buy , but that's not possible, so oh well


myself , I mean the food also of course


uh I think I think I think like I think that time we that time we go what eleven days right I think is not enough eh maybe need to go a bit longer because that time all these all these itinerary it was uh the one I plan what right, so I don't know whether if you find it a bit rush do you think it's a bit rush


not at all right it's okay rights is like manageable right ya lor so I guess that's good, ya so that is a travel experience that I won't say left me in owe lah but it's a positive one because like I plan everything out nicely and then like ya lah so is good lah but the thing is that I feel that is not enough err we don't have enough time lah because


there's so many place there which that we that we try to go then at uh each each like one day you make as can go about three places only then it's like some more it's japan right it's not even singapore right so it takes time to travel mah


ya lah so then is like you max can only do three things only, then still need to eat leh, all this is your what is a nice experience lah, ya lor I mean you have to decide also right like go and eat I mean ya that's because okay honestly the japan right didn't have much to shop lah right so we really didn't spend a lot of time shopping


ya lah I mean ya lah you ah, no lah got one time you sneak out what to go don't know play what thing, ya but you say it close or you say you you went right but it close or something like that


yeah just too bad ya but uh like okay you see ah like if you want to play also can't what because we don't have enough time and it was so late already


no dude that day that time we go with four what I mean it's manageable, ya four lah four or three or two lah but three is very odd so , I guess two, ya but just keep it within


nah definitely lah is possible lah


okay who shall go first, okay , I would like to speak about what I think about FIRE, which is stands for FIRE which stands for financial independence and retiring early how can


we achieve financial independence as a singaporean, so, well for me I don't really know much about, insurance you know investment plans that kind of thing but I have a father who is a stockbroker at remisier


so through my through my life I actually have picked up plenty of tips from him lah, sorry picked up plenty of tips from him, so what what I what what advice he has given me in how to achieve financial independence is first and foremost is financial stability


which means you know having an education having a job having a stable job having a career to begin with something to bring in cash flow first in the early stages of the life


ya so, so once once you have that okay and you first make your first investment your first investment is most likely in singapore is going to be property which is you know HDB built BTO, so this actually is the first major investment in somebody's life this is actually


his first asset you see, so once once that is achieved already, and you see you have, maybe you have leftover you have leftover money in your incoming in your in your monthly income and you probably put it in a savings account


that kind of thing and you start seeing the savings account start growing and growing, you know, and actually leaving it in a savings account is not ideal because the interest rate of the bank the savings the savings account of the bank, will not cover things like uh inflation you know inflation per year per annum is about six to seven percent sometimes as high as nine percent


whereas a savings account the interest is far lower than that so if you leave your money in the bank account you are actually, losing losing money your overtime you are losing the value of your money over time


, well I I have I have more I have more to talk about it but you can you can give your feedback first and what you think of this these points I brought up


okay so like like I mentioned up to this point, leaving your money in the bank account indefinitely is not a good idea, okay so how you would like to, do is how to achieve financial independence, is you want not only do you want to have a career but eventually you would want to retire correct and to retire comfortably


the way to do that is to have passive income, so things like you know you are you are on your job but in the background you are already earning money somehow every month every year every quarter you know money comes in in the form of maybe dividends with your investments or let's say perhaps maybe you start your own business


you know you start your own business and you turn a profit these are all methods of passive income but probably the simplest way to go about it is to start with is investment, so instead of you you can invest you can invest your money in a investment plan know insurance companies do that as well


however, no I I don't do that because my my father himself it's a remisier so for the investment portion we actually do it on a in in a family in a family unified way lah


ya so, you have there are things there are advices I can give on, how to invest and how to select, how to build a portfolio a diversified portfolio, on how to grow how to grow your money in a rate which is higher and which even


this investment plans that, banks and insurance companies offer because this in this in this way since you are, in control of your own investments, you control the amount of risk you take you control the amount of uh growth you want to project


ha I'm sorry I can't really hear you sorry, I can't really hear you


uh Tze-Wei Tze-Wei turn turn your mic turn your mic the other way, that's better ya, ya, too too far away but uh don't face the mic into your mouth face the mic away from your mouth but put it near your mouth ya that's better


, ya you you do bring up some very, important points yes not not everybody has, the same opportunities I have and presented to me


but you have to understand also that when I when I speak about investing and when my dad speaks about investing, this is not for young is not a young person's game, you see we as young persons lets say maybe from, the age of twenty to thirty the the beginning the beginning ten to twenty years of our adult life will not be


will not be doing this you know we’ll we’ll be struggling to pay bills will be will be thinking of how to pay for our house that's the first investment this this financial this uh, retirement retire early and financial


financial independence thing comes after all of that after we have, put after we have manage to put aside all of our, commitments and say okay, now we own we own a property, uh now I have a decent position in my career


maybe I'm earning uh maybe I'm earning at say six thousand to seven thousand you know that that that kind of figures we are planning to maybe upgrade to a condominium or, or you know a better a better property a bigger property that's when that's when usually people sell their BTO actually


for profit turn a profit and then look into resale, so suddenly you have a big lump sum of money and you don't know what to do with it, you see if you let's say if you sell your BTO and you move in to a, into a resale into a resale uh property that has less of a time to go then ya there would be a there will be a


price difference and there will be a, lump sum of money that suddenly well we we don't know what to do with this and if we put it in a savings account, suddenly we will see that we'll be losing money, yearly due to due to inflation so, what what what I speak about from this from this is that


the time we have from now till then, to maybe about five to ten years within this five to ten years actually what we can do, as a young adults is to actually educate ourselves in this field, you know we can we can either one we can actually go for courses in our free time


or we can even read up ourselves this all this information is readily available on internet, uh investopedia for one uh motley fool that's all all these all these are financial, institutions companies and they provide absolutely free information


and you can actually study on how to, how to make uh educated and how to make calculated risk, investment choices in your life that I mean my own my own sister she's only twenty twenty something years old she's she knows a bit more than me already just because she reads herself


and my my dad my dad is actually quite proud of that, so, , for for me what I feel is that, uh, educating ourselves in, in finance in financial products in


investment actually is a very important life skill is is not just a skill is actually a life skill because from from this we can actually protect our money from losing value over time


of course, of course of course, so what what are your what are your thoughts on this topic like how how would you as how would you in your position


uh approach this, problem that we have that we would wait that we will face as as young adults, or as a as as mid middle age view how how would you approach this situation in your shoes


ya ya of course, I mean of course definitely will have to have an insurance policy lah, uh, ya definitely that that is that is part and parcel you know, you have an insurance policy to make sure that if anything happens to you


you know it's not going to be a financial setback nah at least you have a safety net, (mmhmm) and there are and there are also there are also retirement funds available not only from insurance but also from banks where you know like for example in singapore we have the CPF


you know, that is that is a form of retirement fund but you know due to due to how late you have you are able to actually withdraw from it and as well and as well as the, staggered payments you know it may not be sufficient especially if one CPF is uh not that not that not that big of an amount


you know, so for for, for let's say for high for high income for high income uh individuals, uh that that won't be much of a problem because their monthly payout would would most likely be higher, but for let's say for lower income


for let's say for a lower income individual that starts to be a problem because they will start seeing CPF payouts of like what three hundred four hundred a month, that's that's not enough so in that's that's why you see many uh many so called retirees are still working you know they're working as a at the coffee shop


at the at as cleaners many many, even taxi driver's see, err that that's an issue with the system you know, if they're can actually had a retirement fund a separate retirement fund from the CPF that they actually, put money into that it can grow money from and they saved uh prudently you know they they wouldn't have


to be working well into their seventies, it,


the the microphone the microphone, now you know we can't change anything for them but what we can do is how we can afford it for ourselves for our generation


, this kind of things are unsure but at least I have an idea of what to do to attempt to do so


ya ya of course


uh that's already the wrong idea you know you you don't want to have a lump sum, that you can slowly live off of you want to have, a big a a monthly payout you know something like dividends something like your CPF withdrawal every month with your CPF allowance


(mmhmm), ya and of course and of course explore into the realm of foreign investment because


no we never we never know how well our currency is going to stand up to, right uh, I mean that there are times where countries have hyper inflated that currency to the point of worthlessness, so if we actually make foreign investment we can actually protect our money from that kind of thing happening


okay , okay from for me, a negative experience in my life, I will talk about actually fear, okay because uh I am actually there's this there's this term for it called uh uh nyctophobia where I'm actually afraid of the dark


ya so I I am afraid of the dark so I don't sleep, with the lights off, yeah, you know uh unless there's like a friend or someone with me in the same room then ah okay then I'll then I'll be okay to sleep with the lights off as long as I know you knows some someone I know is there with me but if I sleep alone


uh I do not sleep with the lights off I actually keep the lights on you know it, ya but I I have I have to do this because I can't sleep well if I keep the lights if I off the lights you know I for some for some reason I tend to have bad dreams and you know uh (ppc) those kind of sleep


sleep paralysis or those kind of those kind of deep sleep, issues ah when my light is off course of uh, ya I I just don't get good sleep when the lights off lah, so I think how this came about was


because actually know, grow growing growing up I didn't really have, a room a room to myself you know I I think I I think I stayed with my parents with my parents for, up to about six or seven years old yeah and then even then after that I started sleeping in the same room as like my sister's like a a common a common kids room so I never really had any experience you know sleeping alone or


or being alone at night in the dark, so for that for that period of time yeah I could sleep in the dark but then after I had my own room and yeah I slept alone know I, ya I start I started getting scared of of sleeping of like being being alone in general so I I just like I switch off the light and then I try to sleep like !wah! cannot sleep like keep seeing shadows moving


like the imagination in my head you know keep quite active lah my the imagination in my head , and ya I couldn't sleep well so I just thought ah okay lah just switch on the light ah so I switch on the light okay can sleep, ya some some people cannot sleep with the lights on they say !wah! very bright all that lah I can sleep perfectly fine in the bright in the light you know I I


ya I can sleep anywhere even even going to school I could I could sleep you know in in the daytime cause you know most sometimes I don't get good sleep at night so you know I'm very sleepy in the day, so ya then this is a, negative


ya, yeah I I I it's it's it's it's quite it's not very good lor that to have this kind of uh fear, of the dark ya I mean it's it doesn't have to be confined to the bedroom you know it can it can just be things like in polytechnic we have this like fear fear walk you know that you have to test your courage in it they ask you to walk down this dark hallway and then they have this scary thing hanging here and there !wah! I tell you ah it's I scared man I


I walk alone I walk alone then after that I I like I hide behind one place then I wait for next person to come right, I say I I say bro I scared ah can can walk together then he the guy laugh lah and say okay okay come come together go


ya ya in in in Temasek I was in applied science school, and they they did they did this as part of orientation fly ah I scared lah then luckily luckily my that friend he my friend he actually kept it quiet for me lah you walk through and say oh he got lost inside so I found him so it was it turned out to be a joke in the end but ya it's actually very scary for me to


to uh to brave this kind of dark places uh if I have a torchlight it's it's better if if I have something like something to light my way, then you know it's a, it's better for me like I have I developed I try to be a bit more brave in these kind of things lah


why why why what are you what are you afraid of


ya so like, err another another thing that err is a also in japan okay so there was one day where my friend he, he actually had to had to leave me alone for one day so cause he had to go back to his mother at hotel then our airbnb actually expired so for one day I had to be alone and I didn't want to check-in to a hotel myself and then sleep myself in a room so I did actually was I


I booked myself into an internet cafe at twenty four a twenty four hour internet cafe and actually it's it's a, it's it's a quite interesting experience because even though I was alone in my booth I know that uh the the ya there's the wall is very thin there's somebody next to me


there's somebody next to me and it's not dark, so I didn't feel fear from that but I I also have an experience where I actually had to sleep alone in a, in a hotel in a hotel room as well and that that was quite scary because you know that there were like mirrors and then plus I have all these horror stories you know of the of the haunted hotel room that kind of things so


ya so, after that I I I couldn't really sleep very well and the next day I was so tired


it's like uh like a mix of anxiety and and fear of the unknown lah


so how how how would you how would you overcome, such a phobia, like for for me for me I shared that uh how how how I would overcome my my phobia would be to you know if I have a light or, you know some sometimes if I if I'm really scared actually I I you know I I I ask I look I look to god for help that kind of thing you know to help to help me that said okay give me strength give me strength that kind of thing you know even though even though I I'm not I don't do this on a regular basis but when I you know when


yeah when I when I'm really like when I really back to the call ya, so, you know that that there are times there are times that, like I have this sleep paralysis you know, wait it was quite long


and I I have this like out of body experience even, I I don't know whether it's real or not but that that's I'm pretty sure is real because I was pretty sure I was awake the whole time but my poor body cannot move, you know ah my whole body cannot move and when I when I move


uh it felt like my soul left my body and then my my body was back there and you know I was quite scared I was quite scared then I know I like you know I pray for help lah I pray for help then I just, I I went back into my body and I just waited waited then slowly my body started to the move again


ya it's it's quite a scary experience to have especially when you are all in the dark, ya, ya and you start seeing it's a you know I I think there's a science behind it also lah where I I watch I watch some videos on it where some scientists some sleep some sleep researchers actually


they explained it that this is called ya it's called it's called lucid dreaming where you are in a state of between awake and asleep, ya, semi conscious so you are actually uh you are what you are seeing is the real world but then you see these hallucinations that come in and it's quite scary


ya so, then it's especially especially scary when you can't when you can't distinguish what is real and what is not


, ya usually this condition affects people who sleep, uh who who can sleep deep who can sleep very deeply


, then what about you how how would you how would you like, face your fears in your own


well we still have five minutes , okay well what what what what do you think that , something something that that gives you goosebumps since we are on the topic of fear some some something that's something along the lines of fear right


!ee!


have we ever seen have you ever seen on YouTube those err singapore those, hoarder those extreme hoarder, like in the H HDB crazy one know


the the front door you open only ah the cockroach three or four start running out , ya and then the the the best part is the uncle, still sleeping there in the middle of the room then got cockroach walking around everywhere he don't care


(hmm) what will you do if got a neighbour like that , [ho] [ho] [ho] [ho] [ho] [ho]


!huh! burn their house down , help them claim help them claim fire insurance


yup, I mean I also scared of cockroach lah but you know you know in some parts of the world they actually eat not, ya it's quite, interesting


I mean I I tried eating a cricket cricket before fried crickets but I I I I didn't dare to try the fried cockroach, no but okay but the cockroach they they fry right it's not it's not they catch from the wild one is not dirty dirty one is actually they raise it one eh


they raise it to be food one then they the food they put in it actually is quite nutritious and not not not uh not dirty one so, ya and I I saw, I saw this, I saw the people eating like potato chips eh know you take from the bag and then they it's a bit salted then they just eat like that


the cricket still okay cricket taste like chicken, okay


press then clap, alright, it's your turn to start first,


uh your your mic your mic your mic, ya eh but the mic point away the mic point away from your mouth so there is no spit there's no spits sound, ya okay that's good


(mmhmm) well, it's uh for for me ah I feel that yeah, err independence in doing work is also a skill, err but there has to come a there has to come a time where, you have to differentiate


whether working alone is your strength or it is it is it your weakness, because there are certain situations in which working working alone simply is not possible you you have to have a team, to help you to think to do things more efficiently , to ah to help help you delegate so let's say let's say if you say that you like to take control of things that that makes you actually in a


to have a strong skill set to be a team leader as well not not just an independent worker, and, you have the ability to delegate tasks to, your team members, you see and that that with that comes an element of trust that you have to have you have to


you have to have trust and you have to have a, uh what confidence in your team members that they can carry out the task for you, to achieve your greater goal


yeah yeah I mean not not not now but you know as as time goes by you know as you , as you go along in your career you know I'm sure I'm sure that you will have to work with, co-workers and that kind of thing


okay okay then how about this what what do you think is positive, about, this sort of mindset in in what applications can you apply in what applications can you apply this independence mindset, like for an example


in uh let's say I I believe you have your own online business correct, ya so how how does having in this how how does having independence, help you in this, help you in this uh situation


so would you would you say that you take pride in doing what you do, and and you have a passion for it


ya I I can I can relate I can relate to that form of that kind of, uh feelings


no ya ya , so so would you say that, not only not only is it a ability that you are proud of having and it's uh would you say that is also


something that is a something like a favourite activity of yours something that you like to do and you actually find it relaxing something that you find a zen you know what is zen, something that you find zen in


ya ya definitely having having something like that in your life would definitely make you happy in life you know it's not just about getting up and going to a job you don't like if if if it's actually something you like doing then it it gives life it gives life purpose don't you think


, no myself very very same, very similar I'll I'll also be speaking about the skill I have and I'm proud of having and as well as the thing it it's it's frankly it's also the thing that I do to unwind and relax it's it comes together so I I'm pretty sure you know I built computers


like this is from from a very early age I was I was interested in building computers, so how ah how I how I actually started with it is, actually from very very young I actually play you know those Lego sets I like to assemble things I like to read the manual and say oh this part goes into here this part goes into there and then when the thing is finally build there's this action figure is lego action figure like !wow! I did that


and the sense of achievement, the sense of achievement is there, err then I went to school, and through school I didn't really have much of this, uh experience again except for once in awhile in food and nutrition and D and T where I actually made uh ya when I can actually build something or I can actually I can actually cook something and the end result turns out to be nice and you know I felt that achievement there so after secondary school after I went to polytechnic


err I was studying something entirely different and I did this actually as a hobby and a passion I I actually learnt how to build computers myself, through by watching YoutTube videos and I saw people building like oh that's interesting I want to get into that, it seems like lego for adults you know


so, I I built I built my own first computer, and my friend saw and they like !wow! that's very cool uh, can you build one for me also, so I ya sure okay so we went to go and source the parts and we build up for them and everybody was happy some of my friends are even using that computer that I built for them eight nine years ago and the thing is still running


and they like !wow! uh !wah! kenneth eh how come how come the computer I get from you lasted so long until now any uh every other computer I buy after that it breaks within like three or four years, so that made me very, proud, of myself you know I I take pride in what I do


and, so right now currently my job is also it's also in this line, where I actually build computers I sell I sell, uh custom custom build computers to client, specifications and needs as well as I also


uh not not only do I know how to build now I also even know how to, recommend specifications I know how to, built to order and customised exactly to what, a customer needs even if he doesn't know anything about hardware, so my knowledge of hardware and my


I would say my ability to speak with people and I like I like to, liaise with people to, to you know to that to get the customer satisfaction is what, drives me forward


(mmhmm), ya ya definitely


(mmhmm), ya, because you know it doesn't feel like a job right it feels like it feels like what you want to do in life


oh so yeah yeah so it not only is it my what I'm proud of doing and what I'm, and it's not only just my skill and ability I also find zen in it you know, ya when sometimes I can get lost in doing what I like to do until the point that


to the point that !wah!, I I shut out the entire outside world you know, it's like I'm just in my own world doing building the computer putting all the part, putting up the parts together, no no no that's that's not negative that's a positive to me


ya ya it's a positive to me I I I shut I shut myself out and I I really enjoy my enjoy my time doing doing what I like to do,


uh that that that's a negative aspect but it's not a negative experience you see there's a difference


travel experience oh we can talk multiple topic, oh okay, oh I I really like I really like travelling to japan japan is very nice, sometimes I wish I live there


yeah and you know I normally don't eat much, err, I normally ya I normally don't eat much my appetite is not really that big, but when I went to japan I kept eating like a, black hole


ya that is it's not a matter of it's not a matter of it's not a matter of my own limitations already it's just have my choice of food , this is called selective appetite


no if I can I cannot understand I cannot understand the language well there's a language barrier but, no lah I wouldn't say I want to live there but if like if if there is a if there is this if there is this like teleportation device that can like send me there whenever I want to like just walk around and and buy food oh I'll be I'll be very happy


so what what what do you what do you like about japan I I mean I I I know I like the food and the sightseeing but what about you


(mmhmm), ya because if you try to cram in


travel here and there, yup, no the eating the eating must take extra time also because the food is so good


actually if you leave me there I can do a lot of shopping also because the I the thing is that I interested in is a bit different, oh the Pachinko ah


ya so sad right, Pachinko is fun, I think I think the best way to travel japan is with a very small group like maybe two people or what


at most four four of it four is a bit big I think also but I think two, two people will be just nice,


(mmhmm), can do like pair by pair and then hopefully the the two pairs the two pairs he have like similar interests so like let's say one pair wants to do something else but one pair want do another thing else then know you can split and meet up again that kind of thing


(mmhmm), okay, okay press stop


part one financial related topic


feel free


oh okay okay I I I also have a few savings account but uh my favourite will be the uh UOB one account, , okay UOB one account the good thing is uh


you can deposit your uh money up to uh seventy five K to earn uh an interest rate of up to two point five percent per annum and then uh it doesn't have a lot of uh requirement uh as compared to other banks


so the minimum requirements is just is just that you need to spend five hundred on a monthly basis, and you can or you can and you can you must credit your salary of a minimum two thousand or pay three bills uh using GIRO which I think


a, most of the people can do it because just just you can just use the GIRO to pay off your credit cards or your tax or any other uh giro payment so is uh quite simple to hit err okay so uh can earn up to two point five percent that's uh not bad not not not


bad choice and then uh with it it links with the credit card the UOB credit card, and the credit card actually gives you up to ten percent rebate on groceries which everyone also can hit everybody go good uh everybody buy groceries on a weekly basis I suppose and also (ppc)


for like utilities they'll give you an additional one percent rebate if you use your UOB one card to pay your bills, and also there's another uh


okay so if you spend on a specific merchant like Cold Storage or Grab, or, Guardian Giant then you'll get additional five, percent


so it is on top of your usual three point three three percent cash rebate that you get if you spend five hundred on your card, so it is ya so the requirement is very easy to meet uh because you just need to spend at least uh five hundred on a monthly basis and every quarter than uh you will receive the cash rebate


this ya, uh this credit card actually uh links to your UOB one account where you can earn a separate interest for the bank account and the credit card as well so ya that's that's uh my first choice of my saving accounts


okay so what I usually do is once I hit uh five hundred err on my, UOB one card I would actually switch to another credit card which is the Citibank cash plus, citibank cash plus there's no minimum requirements spend where I for all purchases or any any transactions that uh you you swipe for on this card you'll get one point six percent


err, cash rebate so it will it'll be automatically offset with your outstanding balance so you don't have to like uh accumulate the points to redeem uh some rewards and err


ya so you don't have to uh most credit cards they require a minimum spending or uh minimum points to actually uh redeemed some of the items that you will like to redeem but uh this cash Citibank cash, back cashback plus you don't have to do anything you just need to swipe your card on your purchase then you'll get one point six percent so is convenient


do you have anything add on your credit cards how about your NTUC FairPrice card


okay so just now I mentioned earlier the UOB one card which is my VISA card and then the uh Citibank cash plus, is my Mastercard and I have another, Amex card okay what is good about this Amex card is uh when you first sign up for the for the first six months you get a three percent off on all transactions


and uh if uh and if you have a foreign foreign transaction you will have an additional one percent rebate but after six months it will be a flat one point five percent cash rebate so the sequence that I'm using my card


is it will be from uh, once I hit my uh UOB one card of five hundred then I'll use the citibank err cash uh cash plus then I'll use my AMEX for the subsequent transactions that I have so in in in order to uh actually accumulate the maximum cashback


okay should


err some people may think that the, bank interest are not so attractive because of the low interest rate, err but, I feel that there should be some percentage of uh


our wealth uh should be should be kept in the saving accounts not only for emergency purpose, but also of of of of course the uh it of course the interest rate is low but uh it is safe to keep in the bank rather than we put under the pillow right


or another ya another another another way that we can do is banks uh some banks they offers products like err ETF ETF uh investment so basically


we can just invest uh at a a minimum of hundred dollar and the bank will uh will manage the investment and ya so every month we'll receive the uh


uh statement to see if it's a profit or is a loss, so I think it is though the interest rate is not so attractive but I think the money should be safe there and then we can do some small investment though is not a lot so if you don't keep the you don't save the money in the bank where will you


I actually if I don't save I I I put I'll put some, money as uh some percentage from my money into the bank I also invest in shares ETF and also


what else did I do, pan forex yes ya so I actually diversified, my err, my money into uh these different products so what's your experience of getting a home loan


good great ah but I think housing loan is err


one of the most err headache issue where we actually are not uh we don't have enough experience of getting a housing loan so err so when we apply for loan, we we don't really know which one to go and what are the uh we we of course we we we do research on err the options of err the banks that provides


a housing loan but sometimes it is just too difficult to make a decision as to which which housing loan that will be uh more attractive to us


and uh also I also encounter the experience of, refinancing the housing loan which I think it's uh it's a very painful experience because once you uh once it is time for you to refinance your previous


, err housing loan officer has disappeared and you don't know who to contact, and you then you have to just call the hotline and they'll start, transferring calls to


different officers until you lost track who is the uh who is the loan uh housing loan officer, and is a, kind of a bad experience where uh different officer will err, will tell you different things


and also offer you different different things it, me each me which make the err it uh how to say uh decision more difficult because actually you want to uh stick to your current uh housing loan but uh because of the officers uh lack of knowledge or


not helpful so we will tend to actually switch to another bank but err if switch to another bank there's also uncertainty because, we also not sure that if other banks err are also


uh uh, uh uh uh will also provide such an attractive benefits if you if you stay on to your, current bank, ya so is quite a uh of a hassle to actually switch and uh to to to have a housing known and to switch the the loan to another bank


ya currently like there's no uh how to say ah comparison platform the real comparison


platform for housing loan I see a lot on uh saving accounts and credit card on money smart or singsaver or, seedly ya but just that is the the the current market still lack of the uh information on housing loan so it makes err


the err borrower err have to go through all the difficult path of getting more knowledge on housing loan and, calling the bank does not help because everybody wants to sell their products and


everybody everyone it will say that uh their products are good so ya it's kind of difficult


actually for the uh housing loan agreement shouldn't the lawyer, be looking at it and tell us uh what is our disadvantage or advantage so most people when buying house they will just blindly sign the loan agreement and accept all the unreasonable terms and condition and when you're about to uh disposed the property then you will realise that there's a huge


amount ya so I think well, so all the agreements should read through by the lawyer since the lawyer is uh in charge of the our buying and selling of the properties shouldn't they contribute a little advice


ya, ya so is just like paying paying the lawyers to ya just to sign just to sign on the documents, ya


so err which credit card do you prefer cashback points or miles


stuck , ah okay I also prefer the cashback, card rather than the points or miles I find it too troublesome to redeem or to uh


to do anything extra other than the (ppb) the amount being offset


part three negative experiences


I need to think you go first


err okay so


ya same for me uh my grandparents has also passed on, okay uh well I'm not so close to my grandparents


my grandparents, because we uh we we grew up on individually on our own uh though there was a period of time where they took care of us but we are actually quite independent so ya so not too close but okay well since that's said


oh ya I do so , I have a


I've a mini zoo actually I err, I what what do I have I have, uh twenty birds I have twenty rabbits, and I've a tortoise and uh one uh one pair of chicken okay so all died


ya so maybe it's because that I didn't err take enough care of them so all died uh which is in uh even more sad then the passing of my grandparents because


they err they they they they stay with me on a daily basis and then I play with them on a daily basis so, so every every every every pet that, died I will I'll cry for a week uh although it will repeat twenty times because I have twenty each


ya so how about your plants


so do you have phobias oh what kind of phobias ya


uh embarrassing moment err I'm I'm not sure if I have even if I have I would have forgotten about it but, my my my phobia is also afraid of height, and, and also have stage fright, so okay talk about


phobia, of uh, heights there was one very bad experience when I was when I was in secondary school, all the prefects are uh they they were supposed to attend a


camping trip uh so called a camping and discipline trip with the, err army so, they they're they're the veteran of uh armies where they will train all the, new prefects or and or the ya experience prefects


so what they do they will they will they would, train you like how they train the army so they will wake you up five AM in the morning, just to and they will they will they will they will see uh whether you have teamwork ya so then there was this one experience where you have to climb up


the tree and you have to walk err, across a few trees, at a, uh the certain height I think is about at least ten meters from the ground so and there and then there's no netting below so you just have to walk on the tree trunk that was put uh horizontally


with a, uh with a tight rope that that seems loosen so when where you pull it then you you feel that you will you will fall backward and drop to the ground so I have this phobia where you know they force me to walk through the uh


the entire uh tree trunk so I almost fell but I didn't but after that I after the the entire experience , about thirty minutes later I I fainted due


due to you know trauma of going through, the the the the trees with that err with that height ya, so I I think I'll I will never go to a a place that you know will scare me to my to a scare scare my life away ya so nowadays I don't do