river I will find that it's very awesome and beautiful even places in china also even though it's a bit uh not so clean at certain parts ah of china but still the experience is is awesome


oh ya ya ya ya


ya ya lah even you know places like stonehenge that we went in in england UK stonehenge even until now they were they were thinking where the stone came from, it's like some some part in europe how they how they actually transport all these stone ah to their present place you know with that kind of machinery they have at that time


so and like and it like I say like everywhere we go we experienced the mountain also we we also set on some cruise some boat we climb mountain we've take the cable car so every experience is different so every one of them ya, okay we go to the next one can what's the biggest reward if you have received after doing an awesome good deed biggest reward ah


okay when when you give when you do something nice it may not be a very big thing it a small thing will also be very good it'll make you feel, uh good like giving up your seat in a MRT station, you know when you see some elderly and you you just feel good about it that err you know you did something it's just that you know that's the reward there lah so you feel ya


okay done done


ya, ah you feel that you have did something like you know like you like it let's say you go to a handicap home lah or disabled home and then you see somebody having difficulty in like cutting their fingernails because they don't have the strength to cut their nails and then you cut their nails for them you know you feel that you contribute something


that uh to somebody else and not only yourself only it's not like you do something for yourself for your loved one but somebody that you don't know you feel that you uh uh ya it's a higher counts its the highest is a it's act of service you know to somebody that you don't know


you know because you do something like let's say you you do something to a parent it's because you honour your parent and your parent first give you that's why you give back but you do it to a stranger is different the stranger has never given you anything but you do something to help them, then you will feel that uh is is something up from yourself on your own heart you know it's a bit different lah


, ya


is is is that the moment when you feel the luckiest you so you know, , (hmm)


ya, okay ya okay ya, okay what makes you want to be alive I find that when you have children when especially when you become a mother a parent you will feel that you want to you know be there for your kid


because you want to make sure that at least you survive hopefully god by god's grace that you survive through over I'm uh I mean you survive and and help the children until they reached their education finished their education, you know so you know ya so I I feel that you know that's that's the the the the the you know


because you don't want because you are the mother mah or you're the parent you don't want to pass as much as possible this responsibility to another person or an aunt so you you just want to be around, for your children as long as, possible so ya


until they grow up lah so once they are on their own they are able to be independent then adult you feel that you have done your part already you know let you have you know ya make them independent make them be on their own


so that's how I feel lah when we really want to be alive


sorry you have to tap must tap or not


ya that's what amazes us lah when we go overseas it's like !wow! the so nice ah this one !wow! so nice the other one you know so these are the things that amazes us ah that's why we also enjoy traveling


bungee jump ya ya we just we just want to see , ya, okay okay describe your maybe favourite activity to unwind and relax


I think uh watching a movie to unwind I find that uh eating also you do get to ya eat your favorite food ya uh


it's a way of you know unwinding de-stressing and I think for you also you probably like to take walks ah, some people ya they like to just exercise to unwind


actually going out with friends also does help to relax a bit ya friends that you you know uh don't really meet for awhile and then you just get together we just chit chat talk it just help you to unwind your work and then not think about work you know just you know general things and we just talked about


so I find that it's very relaxing ya, and we were very rewarding also to catch up with old friends, ya because life is short lah ya over food ya life is,


I I ya lah I mean it's have some control lor anyway uh I mean life is very short lah so ya ya it's good to always you know catch up with some friends and try because as we get older our circle of friends also get a bit smaller so, we may not be as uh sociable as when we are when we are younger so and then we just try to you know keep touch with whatever we have ya


let's just enjoined the time together uh apart from your family members ah friends I think ya very very important, ya, okay what is your best surprise


ya anything that surprises you actually for me because I've been a homemaker for like you know so many years twelve years and then when I go back to work as an educator it was a real surprised that I also got the job of course they send us for some training


but I'm really very very very thankful for it ya that uh you know I managed uh at the right time uh to go back to work and then uh right opportunity, I I go at a time when the door is being open to


uh people like uh who are of, mid career you know switch and especially for myself because I have not been working for like twelve years before I started back to work so it's was a real surprised that I can get a job and of course I'm very very thankful for it


a mentor ya ya my uh uh ya, I'm I'm a very grateful and you know that you know throughout the the years you know there's you know there're always be people who are helping guiding us


because uh ya you know ya because after so many years of not working you know just getting the routine of going to back to work is is very different from being a homemaker so


ya still the adjustment is there but I'm very thankful lah ya


ya ya ya


ya ya ya that that's why I said friends are so so so important, so we same so if we have new colleagues that come in we also have to try to make them feel at ease when they started the work with us because our environment every environment is different so it's the initial part when we have new colleagues you know we have to make them as comfortable as possible


I mean do unto others lah what you'd like to be treated ya, okay, <B>, what uh leads you to experience an uh


an adrenaline rush, ya, so what about the future are you optimistic about the future


optimistic ah I I've I find this thing in singapore I I think I've a very strong faith in the government lah so I believe that we have a strong team to bring us forward so I'm quite optimis~<B>


I think they're trying really their best as long as they try their best I mean what else can we ask for, compared to a lot of places, it's nobody is perfect lah ah even they get the


ya, I think he's already in the team already by working in the hospital okay stop


part one financial related topic, okay for me right


I have a saving account is uh CIMB fast saver, for this , the interest rate is I think is not too bad for the first fifty thousand is zero point five percent for the next twenty five thousand is zero point eight percent


and the next twenty five thousand and one point five percent, and above hundred thousand zero point four percent, however, before the COVID nineteen, happen, the interest rate was actually doubled so it was actually


quite high and uh , so far what I've researched, on I think this is one of the better saving account for example right, for POSB right


the interest rate is not that high like, the POSB interest rate for saving account is only zero point zero five percent, and for this kind of, save uh saving account right


for CIMB is a, private bank so the bank only, if your account exceed seventy five thousand, and if, in the event that the bank actually closes, it will still uh


the twenty five thousand will be will, if you will still get back, however if you, have extra balances on top of the seventy five thousand right, then uh, I do not think that you will be able to get back the, money, so for saving account right all the high interest rates


I I suggest that maybe uh you can just put seventy five thousand in, each of the account instead of exceeding the, seventy five thousand dollar ya this is for my first part so uh


what about #soo ee# do you have a saving, account okay so I have a


debit card but then uh, there's not really any benefit to it for credit card right, it actually depends on what type of person you are


for example what do you spend on because certain type of cards have certain type of, discounts or cashback, for example, one of the credit card is citibank SMRT card


it actually has five percent cashback, on grocery shopping however, it actually requires, three hundred dollar minimum spend per month and it actually has a, annual fee


of hundred and nine two dollar and sixty cents, per year and if you look at american express right they actually have, when you spend the card they actually give you


miles which you can actually use it, for your traveling, so for example if you are someone who likes to, travel you should probably get an american express credit card if you like to


if you spend a lot more on grocery shopping, then you should maybe get an, citibank SMRT card and for credit card right if you


if you are sure that you do not spend more than, three hundred to five hundred per month then I suggest that you, don't do not get a credit card because you you may spend more than you save in the event if you don't have a credit card so what about you #soo ee# okay okay


for bank interest rate right, I, agree that is unattractive, however it is safe and for myself I, put my money inside the bank to gain the interest rate


for if you want to have high interest rate right for example investing in stocks it has it has high payout but then it has a high risk so you may end up, losing a lot of money and, I prefer not to take this kind of risks so I'd rather put my money inside the bank


okay for myself right I don't have experience of getting a loan, however, uh what I've read is that if actually get a loan, that you actually have to pay more, for example like there's interest


uh interest rate of, what you actually borrowed and uh, for myself I've never gotten any loan before what about you #soo ee#, okay


okay for myself right I think couples should combine their finances and open a joint, account for uh for example right sharing an account allows, each of us to access the money when it is needed


and, each account holder right has actually a debit card, which actually uh, you can actually make deposit and withdraw funds, and you can also pay bills


and other financial tasks, however the downside of this is, one may feel a loss of financial independence, with a joint bank account especially early in a marriage


with separate account each spouse maintains, a freedom over their finances, so it means that there is no, checking, no checking up from the other spouse because transactions are


private rather than shared, and this actually causes issue in their marriage, when spouse are not communicating about, their bank account activity or even worse they actually keep financial secrets


so what about you #soo ee#, okay so


what I think right at what age should a child be given an ATM card to manage their own bank account okay for some for some banks right, they actually have a age limit, on, having an ATM card


however uh if, if I were to give an example of a, child bank account, it can be the POSB kid's saver account and the parents actually are able to manage the bank


account as well it's like a joint account with their parents so and if you give a kid an ATM card, it has actually some benefits to it


for example, they can actually develop, good financial habits, they can actually record down what they actually spend, and what did they


not spend on and what did they save, and and I think, there is also negative side to it


for example the kids may actually, anyhow spend the money, and, I believe a child should be given an ATM card


when they actually go out to work, and they actually know, how difficult it is to, earn money so they actually, would not spend that much


and would save up for the future, so what about you #soo ee#, okay so I think right


from credit cards, there are three types one credit card is for cashback, one is for points and one is for miles, I think the credit card that people should be using depends on what type of person are you


are you someone who love to travel if you love to travel, you can get american express credit card, if you like to do uh if you like to, to do grocery shopping, you can actually uh


uh most of the credit card actually gives you rebate give you cash back on grocery shopping as well, and, cashback is usually for smaller amount it's more straightforward because you know how much you'll be getting for the cashback however right


for miles it is difficult to calculate, so I think, uh people could also actually get different card different credit card for different usage for example one on cashback


and another one on, miles so maybe two type of credit card, for an individual person, what about you #soo ee# okay for myself right a high


a high yield bank account right I think would be, like what you said jumpstart or CIMB, fast saver and although and actually the


interest rate is not that high as, uh, fixed deposit but I do not have, any fixed deposit, because I may need to use it, suddenly and fixed deposit


usually it requires like, one year or two year and even for the, higher interest rate they actually requires, a longer time and I may need it


I I may need to use the money as well for bank account right I can use it whenever I want, so what about you #soo ee# (mmhmm) I do not have I do not have any


experience in purchasing investment products do you have any #soo ee# (mm)


part three negative experiences okay so for myself right


goosebumps maybe, watching horror movie, and maybe watching, romantic shows, so, what about you #soo ee# do you have you watched or read something that give you goosebumps


okay so for myself right, when I was younger right during like primary school, or secondary school , I was actually quite naughty so, I don't actually uh listen


to the teachers and, I will usually uh, , just shout at people in the school, or, or even sometimes uh fight with people in the school


during a, secondary school days, and, after thinking about all these, I actually, regretted doing all these as uh I can actually do more meaningful stuff like for example putting in more efforts in my studies


instead of, maybe hanging out with, the with my bad friends, and doing wrong things, and staying out, late in the night or even going


to, computer land shops to just, uh play games so uh I actually regretted what I did during, my younger days so what about your #soo ee#


okay


I agree with you as well like for example I put my trust in lending people money, they actually don't, return you back the money and you actually have to ask them again and again and sometimes they ignore you


and, there is nobody you can ask, help from because, it is something that you, willingly lent it out, it was not forced it was not a scam so even if you report it to the police that police may not take any action as well


and, for myself right I get angry when, maybe when on the bus someone plays the, plays a song very loudly


or even when, I actually want to board a bus but the bus is full, and this actually, may cause me to be late as well, or even


when I want to see a doctor, and, he has a long queue or even when I'm going to shopping or what I want to buy a product, the waiting time is very long, and, all these actually makes me very


uh unhappy, as a lot of time is wasted, on waiting, another example will be traffic congestion as well, for example if, there is an accident that happened


on the high way, the traffic on your, duration of, your duration of travelling might extend probably, might extend, and uh increase of another hour


so all these everyday events, can actually make me angry and annoyed, okay so uh #soo ee# is there anything that disgusts you


okay so


there are many issues that I actually feel upset, and I feel that the world needs to do, more for example, I think the world lacks of compassion, people do not want to help one another


people just want to help themselves, to achieve what they want, at the expense of hurting other people, even in other countries, there are also racism, there is also gun violence


and for gun violence I would prefer that, the government actually controls, uh, the possession of guns, if not there will be


many shootings around the world and, people who actually uh, die because of it, another problem is climate change, so for climate change right


as temperature increases right, there are more heat wave, and these can actually cause dehydration, heatstroke and even organ damage


and certain populations right, they're actually more at risk, from the impact of heatwave, such as the elderly, and the children, another problem about climate change, is the air quality


pollutions from burning fossil fuel is bad, because we actually breathe in the air, and, impacts of climate change can also affect the air quality, for example


climate change has actually, increase the number of wildfires and this wildfire smoke, it contains particles, that can go deep into the into the lungs, and exposure to it can cause burning eyes lung diseases heart diseases


and even death, climate change is also linked to many types of, extreme weathers such as hurricanes and floods, not only, these weathers have extreme fatal consequences they can lead to injuries as well


it's also bad, for our agriculture, and our food as it may cause flood, and we are not able to grow the crops, and have more food so for myself what I can do to


do my part in climate change is actually, turning on a fan instead of using air con, walk, or cycle instead of taking public transport, so what about you #soo ee#


okay


in a post COVID world right, some of the worries and anxiety I faced is that, I'm afraid that the virus will come, back and, I will get infected as well, especially for asymptomatic transmission


uh is when people have no symptoms but they can actually spread to others I think this is very uh, dangerous and, other worries that I, actually think of is actually the economy may worsen


lesser jobs are available, and in the future I may not be employed, and, it's difficult to find jobs as well, so what about you #soo ee# okay for myself right


describe a time when I hurt someone's feeling is when, I, lied to the person, I lied to the person and then, the person actually found out that I lie to, him so, I think this is one of the time I actually


hurt someone's feeling do you have, similar experience as well #soo ee#


okay for myself right there are actually a few things that actually frustrates me, for example in the workplace, I actually do extra work, which is not part of my, job scope it's for


other workers, so I think is actually uh this one of thing that frustrates me as it's not fair, for me to do other people work, when, the other when the other person is not even, doing their fair share of the work


another problem another frustration is lack of communication, during uh from the management team for example, reporting time maybe, the top management says, nine AM


and then later the the the one that told me it's actually like eight forty five or eight thirty, so, there's a lack of communication, which uh frustrates me as well so, and also uh the type of work that need to be done


sometimes I'm not sure of what I do what I need to be what what I need to do and when I ask a person the person is unsure as well, so there's actually lack of communication, another one is uh gossip


and, and workplace politics so, sometimes in the workplace people will just gossip about one another, talking bad about other people


so this are, three things that actually frustrates me so what about you #soo ee#, do you have any


thing you have witnessed and kept quiet about, no okay , for myself right uh for phobias


I actually have phobia, on insects I don't like insects, big or small I dislike them and how do I overcome them


so far, I have not overcome them, but I believe by actually gradually, and repeatedly exposing yourself, to what you actually fear in a safe and controlled way you actually reduce the phobia


for example for this phobia of insects, I may actually uh start out to use a glove and a container to actually capture the insect, and slowly after capturing a few times


I actually can actually remove my glove, and even catch it with my bare hands, so during this exposure process right, I will actually learn, to, write out the anxiety and fear until it actually disappears so what about your #soo ee# do you have any phobias and how do you overcome them


do you have


do you have any scene from a movie from a movie that made you too angry to watch


part two positive experiences so for myself, ya oh okay


so for myself , I travelled to a few countries, for example, hongkong malaysia and korea so and


a travel experience right for korea, I actually lost my wallet, so I misplaced it at the park, so after realising that I actually lost the wallet, I went back to the park and realised the wallet was still there so I was actually quite shocked that it was still there


so , I believe in other countries right for example like italy, for italy there are uh there are a lot of, uh, people who actually steal your things in


broad daylight and it's not that safe as it is in korea and even in singapore, you may leave your handphone somewhere and I think by the time when you realize you lost it and when you come back to search for it I believe it's probably gone already so actually in korea when I actually found back my wallet I was actually shocked to see that it's actually still


at there, so what about you #soo ee#, okay so


so what was the biggest reward I had after after doing, an, after doing a good deed so actually, I believe the biggest reward, I ever had right


I don't think it's something physical is more like, being happy that you actually, you did a good deed for example donating donating to people who are in need and actually uh during the process of donating


other people may see it and they actually may, may follow you as well, and you don't have to, actually tell people to do it, you can just influence people


and lead others by, your own example of donating, even in community activity just simply help someone in need, and others will actually see or hear your actions and they are motivated to do the same as well


so actually, my biggest reward is actually, being happy that I actually did a good deed and other people actually, follow me as well and to do good deed as well so what about you #soo ee# okay so


for this part describe my experience when my faith in mankind was renewed, I actually saw that people help one another for example on the bus when there's no space people actually moved in to let other people board the bus if not they might be late for work or for other things I even see people giving up their seats


for the elderlies so I think, this is one this is one of my, experience when I, realized uh faith in mankind was, renewed what about you #soo ee# okay so


one of experience I had to experience, and adrenaline, rush right is actually uh, , surfboarding surfboarding, when you are actually in the in the river and you and then


uh you grabbed onto something you grab onto a string and then a boat just pull you alone uh pull you along, uh, I actually experienced this kind of, adrenaline rush when I actually did


uh, surfboarding, so what about you #soo ee# okay okay


the proudest moment of my life, life right, I think it will be in graduation, so during polytechnic uh, polytechnic graduation I got my diploma, and then my parents came and I think


that was one of the proudest moment of my life, what about you #soo ee# okay


for the next question is there anything that amazes you #soo ee#, for the next question uh what amazes you do you have anything to say about it


so uh what makes me want to be alive, for me, I actually have things that are that are unaccomplished for example starting a family, , travelling around the world


doing what I want to do, and all these motivates me, to be still alive and carry on, living so what about you #soo ee# what makes you want to be alive


okay for myself right


I do not have any ability that I'm secretly proud of having do you have any, okay, what about, uh the next one when did you blush the most, I I


I don't remember any experience of this what about you, okay


hearing you say this right, I think, I may be the same as yours probably during public speaking like presentation, speaking to a, large audience


or speaking to a small crowd, I actually feel very shy and also afraid of, not knowing what to say because I'm nervous


so, probably during public speaking is when, I'm I blush the most, so for the next one uh my favorite activity to unwind and relax right there are a couple of them for example


I can, I will listen to relaxing music relaxing music you can just go to youtube, and you just type relaxing music or classical music, and you just, put your earpiece on and you just listen


and you will, actually feel quite relax if you never try it you should actually try it, and for the next one I actually uh like to walk walk in the nature especially in the morning when


the air is fresh, and, I can uh, hear all the, birds chirping I can smell all the


trees flowers all these so it's actually quite relaxing, another example would be to go shopping, or even try out a, new cuisine that you have never tried before


and lastly, I also like to go to the beach, listen to the wave, and feel the breeze sometimes, I even build uh sandcastles


and even collect the seashells, so actually walking on the beach right help me to, relax and actually release stress as well


so what about you #soo ee#, okay then do you have a time


when you actually made a comeback, and, make everyone keep quiet, no okay same as me, what about


uh despite the ongoing, global uncertainty uh what makes you optimistic, about the future do you have any okay do you have


any more positive experience, things to say #soo ee# okay ya uh


we uh her #soo ee# recording is not working for like, okay okay okay okay


so uh positive experience for example maybe receiving a birthday gift, from, people that I do not expect them to, give me or even suddenly appearing


at my house with a, birthday cake I think that is, one uh another positive experience for me, so #soo ee# do you have this kind of experience, as well okay


for myself right despite the ongoing global uncertainty right, I think uh although, there's a lot there's a huge economic loss right


but I believe sooner or later, the, economic loss, can actually be gained back, but of course with a, longer duration


than the duration you actually lost the money, and I believe in life right there is always ups and down so currently for this


ongoing global uncertainty uh it's actually on the downside now but I believe in the future, it will actually be better, so for #soo ee# uh do you have anything to say


(mmhmm)


#soo ee# you want you wanna say something okay uh


oh part one financial related topics


uh, for me, I have the standard chartered jumpstart account, so this is for uh, a saving account for young adults aged between, eighteen and twenty six only


so there is a one percent, of interest uh up to twenty K so uh one percent of annual interest up to twenty K and there is no minimum deposit and there is no fees, so uh before the


COVID right is actually two percent up to twenty K so now now changed to one percent only and then there's one percent per annum of cashback also , so uh for now I just, maintain twenty K in the bank so I can earn the one percent per annum interest and the rest of the money I put in the CIMB fast saver as what benjamin mentioned


uh for me I have a


the debit card, only I don't use that uh the credit card and then uh the debit card I'm using is the standard chartered jumpstart at jumpstart uh which gives me one percent cashback so I don't like to bring the a lot of cash out normally I'll bring just this card and just and then I just use the paywave so uh the reason I'm not using the credit card because it needs to hit a minimum amount spending amount only I can get the cashback so I use the saving account and I I prefer to use the saving account and then got the cashback also uh and then I don't need to pay the annual fees for the credit card but it I think for credit cards right there is there are uh three types of rewards which is cashback points or miles and then


then for the cashback, and then for the, amounts if you are a frequent, traveller you are most likely to benefit from a miles earning card but for those who spend most of their time in singapore, would likely benefit from a


cashback card cashback cards are, very straightforward as rebates are, automatically applied to your monthly statement, miles and points cards, however required active effort to seek out, rewards make conversions


and sometimes still with added fees and processing times cashbacks and rebate cards are more likely to have minimum spend requirements however and need to access higher reward rates most of the time points and miles credit card do not have minimum requirements allowing cardholders to begin earning right away


I'm also a low risk taker so I would most of my money in the bank but then I will put some uh or a small portion to like ETF and uh and bonds and uh even the I agree with that the bank interest rates are unattractive but then it's uh I think it's safer to put in bank then uh using the money to invest in stocks which is high risk uh I never get a any loan before also


I think couple should combine their finances and open a joint account because in the event one spouse pass away then the other spouse can retain the access to the fund without having to refer to a will or go through the legal system to claim the money but then there are some problems with it like when one spouse enter the marriage with loans credit cards or other debts so uh this can often cause resentment in other spouse so to avoid money arguments couples should discuss their separate debts in detail before deciding on which kind of banking works best for them and also if the relationship ends if the couple decides to part away the the funds in a joint account can be messy to separate each spouse has every right to withdraw money and close the account without the consent of the other one party can easily leave the other penniless so separate bank accounts prevent that scenario from being happen and allow for easier break that often doesn't involve a long fight to fully separate the finances


there's a


I also agree with your, opinion that uh, child should be given an, ATM card when they uh start working or when they go to university years when at the age where they can think uh wisely they when they know how to control their money and they understand how uh how hard is to earn money and understand what their they wants and needs


uh for me if if it's me right I would choose the cashback and because I I want I prefer to see the presence of real money rather the points or miles and I not uh never go to travel so often so I choose the cashback and then uh I have invested in some investment products like ETF which is called nikko AM singapore STI ETF from POSB so it's a


exchange traded fund, with the investment objective of replicating as closely as possible before expenses the performance of the straits times index this is suitable for investors who want the familiarity of investing in singapore blue chip companies investors looking for a low cost and simple way to get exposure to the singapore stock market and investors who don't have time to for or resources to perform individual stock picking a company with


research but then uh, over one year I have been investing in this say nikko AM singapore STI ETF, uh I, loss uh few hundreds dollar so I think uh it should I should keep it in the long run see how it goes since it's recession time now


uh for me I still prefer using debit card and then saving account I also have current account for uh to debit to credit in my salary so there's other than that I have the ETF from the ifast also


uh so far I have the iFast in uh iFast investment


negative part three negative experiences


same as you I uh, ghost movies and stories made me goosebumps like


uh after, I read the ghost book stories or watch the ghost movies I, cannot sleep and, is afraid of the surroundings afraid that like, when I open my, eyes I can see ghosts


I, oh I think I never commit to something really gravely wrong


and there's no way to turn back ya for, for the event that made me very angry is like, when people promise they never do what they promised like I, lend money to my friend


then he promised me to pay me back, within a certain time, but then in the end he never come back to me, so when I asked for the monies he just, uh keeps, saying giving excuses like he don't have money to pay


so in the end if like, it's like uh, I lend him money but then I, have to beg him to, uh return my money back so it's quite emotional torturing, and uh I'm quite uh, angry and disappointed


with this kind of people


there are a lot of quite a lot of things that disgust me like I don't like the, those people who talk rudely to me and never keep promises and, they betray ourselves uh betray us


uh for me the issue that I feel upset over be, because I feel the world needs to do more about it is when people throw recyclable items into the garbage bin, instead of uh, recycling it so uh actually there are


quite a number of, benefits of recycling , I think people should be uh, aware of the importance of recycling, because uh it help us conserve the natural resources, like uh


if you recycle the paper or wood, you would save, save the trees and forests, and, it also reduces the need for the landfill and incineration, because it uh it


it will helps in reducing the number of garbage, it also saves energy and reduces the need to grow harvest or extract new raw materials, from the earth in turn lessen the harmful


disruption and damage being done to the nature work, so protecting the, so for me right uh whenever they, uh I have, plastics or papers uh recyclable items on my hand


I'll go and find, those recyclables bins instead of put uh, throwing it into the garbage bins


for me I'm uh fear of not being able to go back to my hometown which is malaysia or


as my parents were there, to celebrate chinese new year, and then I fear that I could not, uh travel these whole days, I have to cancel my, my plans for my holiday, and even I'm, not afraid of my uh


for being retrenched from my company I still uh, fear that my income growth would be stagnant, because , since it is in during recession the company may not be doing well so they I might not get, the pay increment and bonus all this kind of thing


and of course I also, uh I'm also afraid of being infected with the virus because I, uh from what I know uh even if you recover you may have chance of getting it again


yes uh there's one time when I exposed my friend's secret which he actually don't want anybody to know so I exposed it to the, his friends and then he gets very, angry and disappoint


with me so I learnt my lessons and then uh, there's one more time when I hurt my parents' feelings, by using harsh words on them, and threaten them that I will like go die or what to my parents if


if because they did not allow me to go for, part time night shift job


uh what frustrates me the most are, for my work is that I asked uh


the sub cons they never, they never get back to me as what they promised then I have to keep chasing them, and the my senior asked me, uh my senior requested me to, keep on chasing them


and then I feel like very, frustrated and can't get my work done because they never give me, what I wanted not no


I have phobias on cockroach last time but then


I already overcome it because during that time, the university year uh, the place where my university days uh, is famous for cockroaches so there are a lot of big, and can fly that kind, of cockroaches that can


fly around uh in my hostel and then uh, my teachers also taught us uh some of the ways to kill cockroaches so when I, uh see small cockroaches I'm, not just not scared of it


anymore uh and I have, stage fright also when I give speech in front of the audience give presentation my hands will tremble and, I have a shaky voice but then, uh after I


have been trained during university years where there's a lot of presentations done, uh so uh I have I think I have improved quite a bit lah and then


ya the world of the uh the world of the marriage uh is a very famous korean drama, uh, and it's a story about a married couple, who, where the husband cheats the wife


and then when, there's one scene where the husband cheats the wife and then when the wife questioned him whether he cheats he said no and they continue to cheat and even after the divorce, uh he married with the other another woman he keep on uh stalking the wife and


blame her for the cause of the, broken family and never say sorry at all, so do you have, one


okay , part two positive experiences


uh for me like when, there's one day when while I was in the train taking the MRT so I scratch my leg until it bleeds then some people were quite shocked seeing my blood coming out flowing out so got one woman


who she she give me the she gave me the whole packet of the wet tissues and asked me to keep it for myself so this, uh I'm, very grateful for ah for uh what she have done she has done to me


and then, uh I've been to korea also during that time uh we actually went there for sixteen days so our luggages are quite big and then the uh train station they don't have the lift so we have to carry the


luggages up and down for uh up and down the stairs then there are some people who are quite uh, helpful they helped us to carry the luggage so there's uh, the travel experience I left left me


in awe


I think the biggest reward yes also happiness for what I've, uh for what I have done, like volunteer work and the blood donation so uh there's one more thing I'm


very happy about like I introduced a girl whom I knew on the plane to hong kong to like online friend so in the end there actually become uh married and with twins


uh for me the, for the I best surprise I ever have is that


when I told my online friend that I'm, hungry then he he asked me to go to the, MRT station and wait for him and then come up with snacks and popcorns and, and oldtown from the, the uh he bought from malaysia so that is


the that's one of the things that I'm, happy and very surprised


I, think I never I, I can't think of any experience in, on adrenaline rush but the moment when I felt the, luckiest I think is when I went, uh after the day we went to Langkawi to take a boat the boat actually uh sink the the


next day, so uh we're lucky that we the the boat never sank on that day we take


uh for me the proudest moment of my life is like during my school days in university when I did well in my exams so uh so the teachers praised me and then I got the most confidence during my


entire life, during the school days and then when the exams were around the corner my uh many people will come up to me to ask questions so this the proudest moment of my, life


sorry, uh, the thing that amazes me are the, scenery of the switzerland


I think one of the best place to visit is uh switzerland because the water is very clear and, then the, there is I, no pollution no noise pollution everything what you see in the photos is exactly the same


as what you see there


what makes me want to be life be alive should be the my unfulfilled mission of having a family, travelling around the world and, skydiving, I also uh, scared that after I die my parents will be very sad so these are motivation to keep me


to be alive, , no


I blushed the most when I go to uh go up the stage to give a speech because I have the


stage phobia uh my hands will tremble and then uh, and, then my, I have a shaky voice when I (ugh) doing presentation but I have no choice because is there is a lot of assignments in schools need me


me to uh do, presentation so


uh for me my favourite activity would be traveling and taking exciting rides like


roller coasters and, and theme parks because it, uh, taking these two activities it I feel, my stress is uh can release my stress and, relaxes my mind, especially the roller coasters I feel like uh my weights are off my shoulders and


I feel very, light


no


uh I think after, recession there'll be there'll be economy boom right


so is a cycle just, part and parcel of the life, so , just have faith in life and work hard for it then you you will see the


ya suddenly lockout, and


oh at the login page


ya, okay


ya done, uh positive experience, ya, uh record page yes


okay


uh I have one time, where the my, the trip one of trip uh falls on my


birthday so my friends make uh give me a surprise, by knocking on my hotel door and then, uh surprise me with uh birthday gifts and presents


uh just now I mention before ya so I, have I'm always optimistic


about the future because I know this is a, just a cycle so after this recession we'll, have the boom, ya so uh just part or parcel of life


so uh for my uh so now I'm working right uh, during the


is my my my appen is not working suddenly closed itself, close by itself, yes


okay done yes


how do you invest your money #ko yin#, how how how much have you been investing


now now I feel that uh now I feel that now is the best time to buy instead [loh] now a lot of things the price the share price drop drop drop, but err


actually ah our children also start working, already eh do you think we should give them some advice ah on financial planning, I say the the the kids ah they all start working already mah, so whether want to like


guide them or or assist them ah give them some idea


do you think they they they will think about getting uh what, planning before and after marriage , seems like they they like don't never think about all these things oh


we make changes, ah what what changes, uh I think we're very thrifty enough already ah, we also hardly eat out hardly what what what other changes you want, !huh! cook less eat less


singapore not so much


ya lah, ah this


I think I think it this this this, case ah it's more for our children more for people who start up lor I think our age is more thinking how to enjoy our money, [loh] how to enjoy how to spend


yeah now supposed to what retire comfortably, so what we, !huh! are we ah


actually ah how about credit card ah, I I really feel like cancel most of the credit card already eh, because ah they they keep charging us the the credit card, fee ah every time ah, !wah! we have to monitor eh


in the past few time ah they even deduct the credit card fee for for few months ah then I discover it, no now now no


nowadays don't have the paper statement what then is like that's why we and also I don't know, no when we no when we go in, inside ah I don't I don't see any credit card statement you know


more like, when it deducted ah ah maybe when you see from the deducted otherwise, I am not able to see the bill leh when we go in the internet banking I I didn't see the bill you know


download the statement you you able to go inside the credit card statement ah, so far have you seen or not


but but if you see from the bank statement means they already deduct you know they already deducted the credit card fee and all that you know


I I don't understand what you say that what you can monitor the the, because you you you hardly spend what that's why exactly I'm saying why I want to cancel the credit card, we did not even spend then we're then they keep deducting credit card fee


then you will say monitor the spending I don't understand and I'm now telling you say want to cancel all the card


how to reduce their income tax, how to reduce that means when, they, buy buy shares when they put, then no need to pay income tax ah


oh more like they say what oh like they buy property or buy what is it then they can deduct from the income tax


limited to the blue chips


you're you're saying I, oh what do you mean by limited to the blue chips we, you you are saying buy blue chips ah what you saying


that means what the government is buying the, blue chips ah or you are buying


you are saying that uh, this one is like CPF you put one side the money and the money you can use it to invest, like like buy shares and all that, then why it why is it different from CPF


I don't understand why why not, why not directly, buy why do you want to go into SRS then to buy


, !oi! sorry sorry sorry , just now I saw ten minutes stop eh hor then I tap leh then they start again eh, hello, just


now I saw ten minutes then the screen stopped uh closed already, yeah then I tap I tap become I think can cancel the whole thing only


I tap on the stop button


now become forty eight second yeah, should be lah I guess


yes yes


regarding what ya I saw, yeah, yeah he the ya ya got got got, ya ya she she got ask me to tap then I tapped already like I after tap like very Kan, Chiong and go and go and tap the stop


ya ya I saw I saw ya I saw, #ko yin# didn't have ah, now is uh two minute


ya oh ya, just now we, never talk about insurance eh, how is it ah, you want to get some endowment or not endowment is a lump sum one


the the interest should be higher or better than the putting in the banks


so everybody is buying into shares eh I I thinking is everybody is doing the same thing ah we should be doing another thing not follow the crowd


you know I I'm saying real world setting then the whole world all are buying shares,


what about the, the hospitalise and the accident kind ah,


ya, eh at at our age ah I think hospitalisation is very important ah especially if there are actually now uh there's this uh I remember I saw a new insurance eh, say that the fact you can buy now then the fact that you get cancer or get what hor straight away they pay eh which which I feel very amazed eh why why they they the insurance company want to take take risk like that ah I thought having cancer is like really very high chance eh


I know, I know I'm saying I I also cannot understand it's like, if they do that ah it's, it's like a sure lose case what for them


really very high chance of people getting cancer or or you know need to claim oh, actually ah I also ya


actually also ah like you think of the car insurance eh, oh, car insurance ah there's no, is is like fixed one oh there is no such thing that you want to buy higher or lower that kind of thing hor


actually I quite surprised eh that day the what the higher claim ah, eh, hazel the last time, go through the, the claim ah, you you are saying that after three years then they won't uh


they won't take take note of their past accident ah, then like start afresh ah, but I thought in the those drastic case ah they may look into it mah, actually last time ah


I remember uh in the case of car insurance ah, these people ah, ya lah anyhow claim claim claim one until nowadays they are so strict oh, they they say you need the police ah you need the what ah, on the spot then you can start


not not so easy to claim already lah, because


actually uh I I wondering, ah, no lah ya lah ya lah I wondering ah how much the insurance company can earn ah especially the car part lor, or or or like I say that like the critical illness part lor


because it's it's like, it's like you're you're high chance of losing more than you really win , but still


that is provided they they know how to invest properly hor Sekali our money all gone uh, ya


I remember yesterday I heard in the news ah, that uh what, they are using we are already use a one generation ah they say what we spend one generation, money ah, oh one generation save the money, in


mine is ya


okay what what kind of negative experiences we so far, I, I feel the most is ah recycling cause uh I find that we singaporeans ah don't seem to uh


uh uh not not very concerned about recycling lah a lot of wastage of papers uh wastage especially plastic bags ah when we go shopping ah !wah! the amount of plastic bag we are, still using ah, very very sad that when I look at it


no you remember what last time when we, stay in


especially you see when you you are in china ah !wah! they their plastic bag like so precious one right they they wouldn't give you, they wouldn't give you lah even they ask you to pay for it


what what is the thing that you feel negative so far


the blacks ah ya


uh


and they believe in human rights right, so the the black also should have their own human rights what


ah just now I I talking about the recycling ah, another thing that I think of is the, water ah I find being singaporean ah !wah! we really waste water you know, we we we like , we like on the tap like nobody's business


and especially I feel it so much when you mentioned that, in Indonesia is it is it Jakarta, you said only the you said only Jakarta the government provide water for them, but those in the village or outskirts they have to, ya so


ya so you think of it it's so sad right means singapore our water all treated you know you can it's drinking water you know, in in uh and a lot of time ah the water just flow and flow and flow, and I feel I


I feel it most especially uh maid you know, I don't know maid ah they I don't know they are from Kampung or village or what, they their water is spring water, so they they you, they really don't realise one eh they really thinking that !wah! on the tap only so much water then they just


let it go eh recently, eh recently we have (uh huh), ya you say you say you say, oh no I recently I remember ah we have been watching a lot of movies ah


then they ask uh what what is the kind of movie that put you off you know, I I find that ah, especially now is uh K K K movie time ah, I feel that I I like I like much more uh ya lor korean movie lor


because ah especially the american movie, especially the american movie ah, I tell you that a lot of time ah they speak, vulgar words ah or they they have a lot of sexy steamy scenes ah !aiyo! I find I can't stand it ah, you leh


I I see you still like like like american show very much eh, ah


oh, ya lah because a lot of action ah right action,


I find a lot of people yeah especially the that period that lock up lor the phase one ah, I, I find that being being stay inside and and for so long and the whole family together, !wah! , the the the they very unhealthy lah the whole thing


and and I find that !wah! like that easily leads to depression for a lot of people, and also as as the


either they stay in singapore or they


now this period ah all also like very scared lost their job or no job ah , especially ah uh I feel lah


the when you graduate ah those graduate our children ah all start graduate already, it's like when you graduate means you are you are unemployed lor


like very gloomy lah the whole economy the whole situation, actually


actually now ah I really very thankful leh that that we, in the past we have been savings ah, imagine ah, if if we before last time we, like spend and spend ah I mean I mean I'm saying singapore lah, if we spend and spend hor like


reach this type of situation ah really don't know how to cope or what to cope ah, hor, especially uh everywhere is like closed, I mean especially that time ah where you can't get uh what, where people like what


can't get supplier ah, and then especially the time where !wah! people holding the what toilet roll lah what lah all these, so I feel like !wah! so thankful I mean so far I I find like not really so badly affected lah


actually err to say negative experience ah uh this period this period


uh I, I I I keep seeing uh youngster oh ya that day I just read on the newspaper, they say uh about, how many percent ah twenty percent is it they say ah singapore of last year is it


four hundred, uh singaporean commit suicide you know and these are people twenty to twenty nine years old leh !wow! I, see really I so sad you know I find that !wah! these are the prime age you know and the government I mean the country invest so much on these people you know that is they coming out to work all right


it's like they they are in their own cosy environment when they're young you know they are students being taken care of, !wah! so if you say twenty to twenty nine it's like they just come out to work lor so like they see a lot of


I don't know I find they they considered hardship, or or rather they they have to take care of them self, because it's like when you are old you know at that age people don't take care of you already what right you're you're expected to to take care of yourself what


so scary right yeah, and and not just here leh I I especially I find like korean especially korean the the the those actor actress ah


and err the there's recently also there's this err, japan korean and japan, they are in their twenties thirties eh commit suicide you know, !wah! , every time I see all these I feel very very sad


and and and these people ah they they must be very good what they are able to go inside the field you know it's so competitive you know, so if they're inside they're able to be, like well known, it is very


it is really so hard lor it's so hard to go in so hard to reach that level lor, and and they just give up


that's why ah now that our children also now coming out to work ah, I also scared scared ah, you you want to encourage them, or what don't know and also not sure you are giving them stress or not


so in that case we we should be, we should get to know their friends talking to their friends instead, the right people


but if if if they are lock at home just playing game then how how would you know that they're mix with the right or not right crowd


actually I remember, now now you come back to this ah I remember the last time ah where where you at Chengdu is it I remember you say the the women there ah very very fierce one hor they always like fight lah quarrel lah you know fight lah with the men ah you remember or not


Tianjin ah uh, ya, very fierce one right, they even beat up the men ah


now ah !huh! egg ah oh that's why I I no lah that time that


time we also hear the government say what right that the new zealand is it, they said that oh they can provide us something but then uh we have to what what, what is there that we can sell them, then remember medicine or something, they say they can provide


pork or , it's like trade ah they they


no they say no they only want to sell you you have something to provide so now even if you have the money they may not provide for you they they want to have like trade ah you must able to sell them something then you can buy something


ya that's why they saying lah we have to uh provide the medicine for them mah the last time


that's why that's why the government is working very very hard lor, actually actually lah really looked at, , look at the way it's like very the government really need have to work very very hard ah, not easy ah singapore


, I I find a lot of people surrounding us they they also not helpful lah they they want to see, like we do well they feel very jealous, so if we don't do well ah it's like a lot of people very happy ah


sad right, like now lah


like now the two two of them fighting US and china so, we also don't know who who who to which side should we stand ah both both also want you to go to their side


then we we like stuck in the middle we dare not side either party


actually sometimes you you see a lot you see what ah , like very like very sad lah the whole thing like like, like the whole world economy very depressing, especially now also you notice or not all over the place got flood ah so much flood right everywhere already coping with the COVID is so tough eh now uh seems like a lot of flood and earthquake right


then protest !wah! it's like !wah! not enough uh like, okay ah


twenty minutes twenty four


positive experiences yeah


eh what kind of positive experiences you have seen ah so far, uh ,


awesome good tip actually ah positive I I find the best experience that ever is the, you're working overseas lah the fact that we we have a chance to stay overseas ah, I find it's really really a very fruitful experience ah especially the case where we can experience the four


season , you know the the the, especially the outdoor you know I when we are in China we have a lot of those , forests ah what they say <mandarin>森林公园:sen lin gong yuan</mandarin> ah the kind of, uh what


park ah is it the majestic park !wah!, so I find is very like eye opener lor, being singaporean ah if you don't go overseas ah I find like, really really like a frog in the well lah because we we never experience four season we never


so it's like it, I mean just staying in singapore I find it's a comfort zone ah you you don't really see much other thing lor, so I I, I think I think


oh, very traumatic ah the ya the going to house the


actually ah


actually I I I feel ah my my, I feel lah the fact that you been overseas ah I find you are more like a, more open lor, people who been overseas they are more willing to share more willing to, discuss things ah I don't know I


I I I mean that I I find that I come back I I meet singaporeans there is a, local lah those that, those that don't really travel ah, I find I, I have a feeling that like a lot of time they like very secretive very unwilling to share ah


like like, everything is like privacy you know not not willing to to tell you more, well I find I find people who been overseas before ah, yeah


no I I


no you I'm saying that the people who been overseas ah I find they are like more receptive lor like when you propose something when you say something I find they are more receptive lor they are more willing to listen more willing to, discuss or what


actually


shaking ah the after after, so


so this is good or bad experience ,


actually I find that reaching our this age ah also quite interesting eh, because now we tend to meet our like secondary school friend JC friend, the uni friends, those alumni ah so like


then then because everybody has been through differently then like, when we meet together there are lots of things to share ah, no like


like err just now what you say ah the oh especially I say lor like alumni then meet meet meet all these people then, and also, uh especially the case where you start a lot of people start doing uh volunteer work lah


you know recently I also go and sign up the those volunteer work to to serve the community ah, to participate in the CC their events activities, then I also go and join the committee ah


then uh get to see the resident, I find that like , like been doing all these ah the life like more interesting lor, if not, not like everybody oh like lock up your own house inside your own room


and also now now we


tend to have a lot of interest group ah, nowadays we we go and sign up what gardening lah fitness ah line dance ah, I I find like, I feel like lah this age is more interesting ah, because when you're young you know you think of


, just taking care of the children and building up your career already like so, busy ah, like like you don't have time to do your own thing your own interest ah, so it's a bit of plus and minus oh


so for this age ah


ah excuse me eh my my this one ten minutes stopped already leh, so how just continue or what, submit first is it, no now is !aiya! I think so now ten ten minutes but stopped already


ya I think so, ya ya ya I saw actually


I submit first then I start again lah hor, okay !huh!, oh just submit oh okay okay okay, ya, uh the part three negative the


okay, eh #ko yin# you continue talking


then what is your what is the thing you unwind


my recording end already #ko yin# you should continue talking, oh I oh I I, oh I thought I cannot record already no point , okay okay uh


uh, uh, actually


I I find it's like keep active lor keep active participate participate in all kind of things don't don't don't close up yourself lah, I find


find human being very easy one eh if you if you decide that you lazy don't want to move don't want to what ah you just you can just laze at home whole day, right so it's like, need to really, really buck up like that lor


because, otherwise ah everyday everyday everyday you see the time fly so fast eh, then you you like you feel like so !wah! like wasted lah all your timing , all your time just gone like that


eh I remember we there is one case where we're very lucky I remember that time <mandarin>我们:wo men</mandarin> we lucky draw we get the, trip to greece ah fully paid one eh, do you remember or not !wah!, I remember is a eight day ah eight day accommodation everything we only


we only buy for the air ticket ah, then everything is paid for, it's it's, it's so nice !wah! I also I I so glad that oh we we already travel now you see you looking at the situation


so at least at least we we been to europe we been to US, ya lah nobody want to go there already ah


ya you feel like you are so unwelcome oh, like like !wah! at their mercy like that, eh


oh especially when you you watch movie or you see TV series ah you can see the places that !wah! this place all that place you been before , last time ah, last time like quite interesting is uh when we are at taiwan or hong kong ah remember


when especially uh #hong kong# ah the kind of street eh, what uh, Lun what #lun don dou# ah, #lei deng dou# yeah, ya lor last time lah like


when we been to these type of places then when we see ah !wah! so excited right, then we say oh we've been here before it's here now now become like further already lor, U US ah europe ah


ya I remember the what ah the empress place or what, the one the, the the building ah, what emperor building ah what building, the one the king kong the king kong, what building


empress ah empress or emperor or what I remember something related one, then that time we went the grand canyon,


that time ah we been to this place ah we we stay in Airbnb leh, then we been to this place ah he said oh, very old place ah he said oh the house already three hundred years old I said the trees ah, when they were three hundred years old ah


scotland, then we stay in the Airbnb ah right, actually now


actually now after been to the western country ah I still think china not bad eh, I find they are very efficient ah especially come to, when we order food ah what ah all this very efficient oh transport, especially now they have the fast train ah express ah


yeah because, ya but because ah now you've been to US ah I find that their infrastructure very pathetic leh


they they seems to be only transport transport I mean is like road only lor not much of the like this type of bullet train ah, what ah now now I find that I've I


find that china were even more advanced than the US and the western country


eh what is it ah the proudest moment of your life, oh, I thought that the that you are able to survive overseas for so many years


, that one is also very proud what, how many people can stay so long, you also can't believe that you you'll one day go overseas and stay so long and all that right and what you had gone through actually I think working overseas is more interesting then even you stay back in singapore also up and down what right more entertainment pretend to drink lah you don't need to really drink all what


financial related topic


so for us err what we do is first we, the CPF we make sure that we have uh we top up the CPF lah


to make to maximise the use of your CPF scheme, so other than that after the after using the CPF then the for the cash part we'll put into shares lah, shares investment ah so now is a good timing because the market is low


so it should be should go, ya lor


so not !wah! of course err making share investment got its risk ah so we have to, be very careful lah you know make sure make sure we know what we are doing lor, uh ah one way is to make sure you monitor the


the progress ah you got any losses you try to cut losses when it's still small, and then if let's say there's any gain ah you let it run lah so that the the gain will be more much more than the losses


sorry, yeah


ya ya ya so but they are only just starting lah so actually not much money lah so so I try to make them interested but seems like they are also will not be so interested lah so we see how lor next time uh next time next time then see


ya lah do it do it one step at a time lah so


so they have to learn ah slowly learn ah but it's not easy lah just from my experience lah no it's not easy also have to do step by step lah, so now with the post COVID world err probably then we have to make some changes ah what do you think are the changes that


we we need to make regarding the spending and the regarding spending and also the saving habits ah, yeah, what kind of changes do do you think you need to make in the post COVID world


okay


so the other thing is currently there's this uh movement ah among the youngster for five year we stand for financial independence retire early scheme you know so especially in the west ah they they go into that lah you know


so maybe in singapore I think not so much ah, this movement five year financial independence retire early that means these young people believe that they should try to gain financial independence as early as possible so that they can retire early retire early then do whatever they like go travel you know this and that


so in the west they they actually subscribe to this ah I'm just saying that in the singapore in singapore context, you know it's uh lesser lah you know


yeah so, so this is this is one of the thing lah so what we do is uh in our case we maximise our CPF lor so, so once you maximize your CPF when the time comes uh age sixty five you can start drawing out lah


as a pension all that so this part, this part I think it's well taken care of lah so other than that the, the spare money you have to think of what to do next lor


so, ya lah we need to need to monitor lah monitor closely then those not necessary, ya lah that it's a problem lah we got to we must have the discipline that every month end or what


ya lah what we need to do is, be more discipline lah we need to download the, the statement then after that download then need to analyse lor look through the transaction, yeah


credit card credit card or the bank statement lah then from there then you, ya lah but what I mean is from there you can monitor what kind of expenditure that


you're having and all that lor


ya lah we we can cancel a few lah the left left one or two lor, just to standby right you still need a credit card what you still need one visa still want need one mastercard right


ya okay so other than credit card, err what else you need to consider, !wah! maybe you're come to children what kind of advice we can give to them uh about about all these investment or savings or spending all that you know


, ya lah those uh maintenance all that lah then there's also uh what you call that uh supplementary retirement scheme ah


so this is the scheme a voluntary scheme lah to encourage the individual to save for investment, over and above their CPF savings, those contribution you make to the, SRS ah are eligible for tax relief lor so this is quite a good scheme lah you know but of course err


the investment under this SRS will be limited lah will be, maybe more limited to the blue chips all that uh, , the SRS


under this scheme I mean the the the SRS scheme ah you know it's this uh scheme that government come up with lah you know, no they come up with this scheme so that they they encourage you


to contribute to this uh SRS ah then, contribute to it, this is more for saving for retirement all that lah but the amount you have in the SRS you still can use it for investment lor and the returns are tax free lah


before withdrawal and only fifty, percent at the retirement age oh this is one of the scheme they, they're they're doing ah ya ya ya ya ya ya ya ya ya


CPF is used more for housing all that mah this one is used for can be used for other, other kind of investment lor, like shares all that you know


because this one is trying to help you to, to what you call that it's tax free lah you know, it's tax free and also they say only fifty percent upon retirement ah this one uh later


ya ya ya !aiya!


ya ya still running this, ya ya ya


eh miss ah moderator you you please you have to message her at the chat button I cannot cannot be talking and telling her at at the same time, !huh! !aiya!


ya but I ownself tap, yeah


yeah yeah endowment maybe it's good in a normal environment lah but now, now in this uh COVID world in which the interest rate is so low ah, I think, I think the insurance company not very successful lah in getting people to


in getting people to to buy into endowment anymore lor, that's why now a lot of people are buying into shares ah


ya but that endowment the interest rate is really very low, you go and check around then you will know already no point no point no point we have a theoretical thing all that all this you have to come to the real world real world setting oh right


oh the hospitalisation ah this one we we we got some hospitalisation scheme also lah you know, maybe not a lot lah but uh can't be helped lor you know unless you you you think want to top up to buy more on the hospitalisation


uh insurance, which is uh much more expensive ah you know


yeah recently we also we also sign up mah, for the cancer policy mah


ya lah but if they has spread out they have done their studies mah so they got all these uh what you call that actuary studies you know so it's a science you, which they they calculate the


proportion of the population getting getting this disease then they work out the premium all that you know so they will they will still stay, uh make money out of it lah you know provided enough people sign up lah you know


err, car insurance car insurance


ya lah the one is based on the the damages oh damages of the car mah you can't be buying more than that what right so this is another another type is more like a compensation lah like that lah, you know compensate you and all that


you you you are not supposed to earn from it what so is uh supposed to cover any damages to the car and all that then it covers lah you know


ya ya ya right ya ya, but the thing is it's also must be fair what right to the to the to the car drivers if something happen you know a few year how many years ago then they still take into account then in that case the person will be forever penalised ah


so that's also not right ah correct or not so at least you have this uh three year, three year cutoff you know so that you you know that you know whatever you do at least after three years is no more lah no more on record lah you know you can start afresh if not nobody can make mistake ah what happened if the mistake is done by accident you know I mean it's not it's not the they want it


just that happen that maybe that day you're not paying attention you are involved in the accident then cannot be keep keep holding against you ah this this thing correct or not,


oh ya ya, ya lah that's why people want to how to put it take advantage of it and all that you know so that this are not honest ah cannot lah so the insurance company also need to protect themselves what if every case like that then they sure lose money what right


ah then then ah yeah


even for critical illness even though the the payment is a lot but the thing is if you if you like we all like that when you are young you take up the critical illness but when you are able to to draw on the


the policy the time by the time you probably you you already quite old and, and and uh retiring eh, so before that the insurance company uh they earn from you how many years you know they just keep collecting the the premium year in year out


so maybe twenty over years later then they start paying you, so why not they still can earn what, still possible what in the meantime they use the money they can use it for investment and a lot of thing mah, right, my money all gone


ya lah that's why you also need to monitor you're right lah so you need to also monitor the company lah, if the company the insurance company anyhow do but the thing is there's also a insurance act what they are also they're not allowed to anyhow use the money to to buy anything they like so they also have to put into very safe kind of government bond and all that


before you know so our premium is also protected lah they cannot use it for anyhow you know, there's also a certain guideline all that lor


, oh you mean the the government ah, the reserves ah the government use uh one generation of reserve to help singaporean in a budget lor ya that's the thing uh


so that's why this COVID COVID world is uh, causing a lot of damages ah to to uh to a lot of countries ah including ours ah, okay okay


my timing is twenty two minute fifty second stop [ah]


negative experiences


!whoa!, uh maybe but maybe maybe is a habit lah you know this sort of habit takes take years you know and also convenient mah plastic bag


you go NTUC you get the plastic bag you put things and all that correct or


, so far I think because now we are how to put it because of the the president US president ah so we are we are actually pay more attention to to what's happening in the US so


certain thing like now uh nowadays people circulate a lot of all this video right so can see the US the police brutality ah, ah that one really pissed me off lah you know you can see this, the way especially the way they handle the the the black citizens black


people ah !aiyo! so what even though this thing going on for years and uh a lot of incident happen the every time there's a new case ah is also surprises you lah you know the way the the amount of violence they use


you know and not only that, it's not just violence they also caused the death of the people so to them it seems like they they they justify you know but if you if you look at all these video you can see there're actually certain case actually may not be justified mah they can actually do


do less than that so probably of course uh the way the US society develop you know they think they're they're more developed they can teach, people what to do and all that but I think a lot of a lot of uh a lot of people in the world are actually quite


quite uh taken quite surprise ah you know by by the things they do you know despite their their claim that they are they are more advanced and all that, ya


yeah so this thing that piss me off quite a lot is uh US the police brutality lor


ya Jakarta


no and also Jakarta is only thirty percent official water supply other than that you got to do your own private get your own get your own uh people contractor dig a well more than twelve metre below you know then you can get the safe drinking water you know


, ya I think what you bring up very true


ya a lot yeah no no no you say ya


yeah


ya lah because their their show are quite, quite interesting ah their their story line all that is more interesting but of course the value system is not lah you know because US show is more like entertaining oh everything, anything that can be entertaining even the president also very entertaining mah


correct, , so nowadays like err, because of the COVID ah a lot of people have a lot of worries ah do you do you have any any worries ah


oh ya ya


ya it's true yeah even though we're we are, in our case we we we just lock up you know less than two months or what we already feel very bad


imagine you know for all those uh, dormitory workers is even worst right so is for months and also in their case they they can't even go out anywhere I understand that they are they are being confined to you know whichever level of the dormitory they just stuck there they can't even go to


uh next floor or next block to visit their friends you know they they are not allowed, so to them it's even worse, and what about the malaysian eh uh malaysian workers all that, so they have to make a very tough choice ah either they come to singapore to earn some money


but they cannot cannot see their family or the other choice which is also quite bad, they go back malaysia they see their family but they got no job, so you know at least in our case we singaporean not as bad lah compared to these these two groups you know


ya so in that case you are worry lah worry for children that when they graduate they may not able to get a job lor, , well even though we, ya lah so at least at least we have our government to help us out you know government is


putting in a lot of money more than one hundred billion, you know we stick one, one generation of reserves to help us so hopefully that everything will will turn out fine lah even though we are in this, dire situation now


ya lor so between, ya and


ya but I think the worst is to come you know, so coming few months probably the employment rate employment rate will go up, especially when the government subsidy in terms of the the rental, waiver in terms of jobs support scheme all that once they start to unwind and and and remove all this subsidy ah


a lot of companies will will face even harder hardship lah you know, and once they face a hardship they will help to retrench more workers so the workers especially those uh P PMET you know those in the middle age all that I think I think they will they will they will face


face more problem


ha


oh, ,


, ya ya understand especially young people you know


they have the full life ahead ahead of them you know they do this kind of thing, so


, but maybe we we because we all outsiders we will not be aware of the the pressure they're in and all that you know


maybe a lot of a lot of thing is is not known to us ah you can't really turn


ya lah we what to do we can only do our best ah we encourage them give them more information provided they listen to us ah maybe they also don't listen to us correct, they also have their own thinking you know, maybe they they're the the influenced by their peers even more


the fear the peers influence is even more more than what we can do, ya lah and also make sure they they mix with uh


uh the right crowd ah rather than you know, ya we can only do so much ah


, that's why we supposed to communicate with them more lor correct or not talk easy lah yeah, uh yeah


not Chengdu lah Tianjin lah, ya the the the the northern part the the the northern part the people more fierce yeah Chengdu ah, ya they will challenge the the man also challenge the man to fight


so it's quite quite different, I think our situation is not as bad ah you know especially COVID you know like Wuhan imagine the whole city locked down everything cannot do !wah! scary man it's like in jail and there's no end to it


so sometime you have to compare lor compare yourself, right, so but the the thing is but now with the now with the


hopefully the the world will will see that the vaccine is being developed lah you know because now a lot of countries ah are, putting efforts to to develop the vaccine, so hopefully we can get it as soon as possible lah you know


and hopefully singapore singapore also can get it fast lah but because we are so small country you know, we won't be able to develop the vaccine on our own and all that, we also need to rely on the help of other countries


so hopefully those country that got the vaccine they also give some to us ah or and don't charge jack up the price remember that time they say what, even for supplies of egg the neighbouring countries ah take advantage of situation charge singapore one egg one cent more per egg you know


!wah! imagine you know they hold us ransom, so if let's say next time the vaccine ah they also hold us ransom then we also die, what do you think, that means they charge us very expensive lah ya they can give to us but we need to pay a high price for it maybe double the price or what


then how


ya lah that means barter something like exchange like that lah I give you this you give us that that kind of thing, but in singapore, ya but but in singapore we we can't give much ah what what else what what can we give in exchange of vaccine cannot what we pay for it what


use money to pay for it you know, oh


hor then ah then Teruk lah then they, then don't know what to do ah then, , ya lah but singapore itself we don't produce that much


things what yeah


that's why that's why very important ah that we have good neighbours we need to, cultivate good relationship with them no matter no matter what lah you know people you like people don't like we also need to be nice to them


we try to do the balancing act ah,


, yeah that's a situation we are in ah can't can't be helped lah just make do with it, and we got to adapt lor


ya now with this new situation COVID situation we have even have to, to adapt even more and it's getting worse, so hopefully we have a capable government to to do all this, if not we uh


we'll go backward leh


ya the climate the climate exchange, okay we keep our finger crossed


twenty minute thirty second


positive experiences,


I I think this one maybe you you start first lah you I ask you lah you know what kind of positive, what's the biggest reward you ever received after doing an awesome good deed


ya ya ya


yeah yeah yeah very true lah because singapore uh singapore is quite small and we don't have four seasons whereas , you go overseas ah you different experience different kind of culture lah but of course err


beginning part is more like it can be a culture shock lah you know certain thing the way they do, you know remember ah that time err their hospital you know when you first see their hospital you know it's quite quite quite quite scary ya yeah yeah because uh ah


our standard and their standard all that, so you go into their hospital you also quite quite scared you know, so that one a bit of culture shock lah you know, but after that you adapt adapt to the life there lah you know, and also of course you , what how to put it you


make do with it lah you know make the best out of it you know all the all the nicer thing you appreciate lah then all the not so nice thing you also try to, you know try to adapt to it lor that kind of thing one,


ya so it's like that lah you know, ya lah when you are overseas then you sort of see your fellow singaporean, all that then of course you feel like more


close ah you know whereas if you are in your in in in your own country you don't you don't feel like that lah, I think this is quite quite natural lah you know, quite natural to feel this way lor, correct or not


ya ya ya ya, I I think, that's it I think that's true lah you know because you when you are overseas you ah have more exposure you know


you you meet more, different kind of people lots of lots of people all that, then also you you also learn new things ah your, makes you like willing to accept other people point of view and all that so so I guess your your


your worldview will be a bit different lor different from uh you know, you just live here you know everything is so comfortable all that , okay then the other thing is err oh ya this thing about eh err the faith in mankind is renewed describe an experience


so for this case ah err make me remind me of the time in Chengdu two zero zero eight, when they have this uh <mandarin>汶川大地震:wen chuan da di zhen</mandarin> yeah so I was I was there lah you know, so I was working there so


ya you can see firsthand ah, you know at first it's like the whole the whole experience is quite depressed lah you know, the airport when you come out !wah!, it's really like very deserted you know so it's like everybody like very tense the atmosphere is like err like in the war zone like that lah you know in a war zone you know you see things collapse all that then you go back to a house you also find


eh err how to put it yeah the, the things ah the things drop and all that you know some of the the flower vase also crack and all that kind of thing lah then after that err you you also experience the aftershock ah so I think that one is quite quite scary lah because it's like especially for us


we never never experience a, earthquake before, so before that you know even even though is err earthquake, is in Wenchuan Chengdu is so far away from Shanghai


where I was having meeting at twelve storey you also can feel it, so imagine you know so it's quite scary lah you know everybody don't know what to do come down , ya lah haven't lah I'm talking about the the the the front part first ah the whole earthquake thing


so of course then later the government with the government encouragement you know, they the a lot of thing the government can do is just to for example rescue, rescue the people who are trapped and all that lah they they making a lot of effort even the the PM also involved you know


PM is also very involved uh, directing the rescue effort but the later part the recovery part ah you can see that automatically you know, even without the government, telling them what to do the people also, put in a lot of effort you know


they use their own vehicles use their own resources, they want to go drive to the places when which is not so accessible lah you know especially, err Chengdu, the area you know a lot of uh mountain and all that


the the Szechuan area they also willing to go do that even when uh the roads are cutoff, so you can see a lot of err, the the citizens are putting their effort, so this is the part that err very touching for me lor can feel that you know


err so call err, human being lah they will come together in a crisis even in uh communist china, you know so so is this quite quite touching lah even though, the government did not err of course the government encourage lah but


you cannot force people what so this one is, really the the individual effort everybody is is uh doing, a lot of thing about err so so I was there so can can feel a lot lah feel very much about this


yeah, yeah so the sharing part it what does it have to do with the you know the what you call that their experience and the faith all that


yup


ya lor I mean it's like for those people that are less fortunate lah you know whatever you can help so it's good that you you help out lor and you also can can, can see for yourself lah what other people are going through then they you also feel that you are


at least you you are not in their situation ah you're you're, you count your blessings ah correct or not


ya lah but this is to be expected lah correct or not so when you're when raising a, family with young children or course you got to take care of their needs first lah if not who who take care, so so a lot of time it's


you never tap ah angie, yeah still running


you have to ah ya ya okay so where were we oh ya you are saying that, we are at this age is is uh, it's easier lah you are saying, so I'm I'm saying that when you're younger of course you have to take care of family first lor then now


now is yeah now we uh, probably a bit more relax we have more time you know, so more time you can you can contribute to the community lah you know can contribute community to help out , whatever means or whatever interest you feel like feel like doing ah


ha, okay this thing, what's the favourite activity to unwind and relax ah


!huh!, now you got more interest is it, ah why listen to uh nice music lah you know


yeah, no is, record, ya both person is still the same nothing to do with the nothing to do with the, !aiya!


, so ya so this thing so now with the COVID world all that so everybody is like


getting very depressed all that lah so, so what do you think, is there anything in in the future that made you optimistic, you know despite despite the current situation all that, (hmm) oh yup


but this current situation of course it's quite bad lah you know especially for singapore because we are such a open economy you know, so


ya ya ya ya, but but third price ah yeah, yup


yup, this is ah ya lah ya lah


especially US ah because now with the current situation ah, we also also also don't feel like going there lah I think it may not may not be such a yup yup yup so is is good lah so our our timing is quite good lah you know so we we spend one we spend one month going round


really very nice eh, memorable, especially now if when you err follow up on the news on US all that at least we have more more understanding lah you know we've been to that place we can relate relate to the place ah but uh


ya ya ya ya ya, true true true so it's yeah


#loi yan gai# and all that lah, #nei deon do# jordan street, ah ya


ya lah so now we can we can relate to new york ah you know, especially when you watch spider man and all that you know because the background is new york also, so we also can relate to that lah, (hmm) oh oh


ah ya ya ya ya, oh cannot , no no no it's not err, can't can't remember ya ya ya


yup grand canyon also the white house, you can see protest over there even though is a white house it's quite interesting ah, it's something different lah at least, hor, okay err what else


oh that one is scotland


scotland ah in scotland, not not the US ya ya ya three hundred years old house ya ya, ya that one very very interesting ya


in singapore we can't do that uh, whereas over there you know different different kind of place scotland, then remember one yeah, uh


uh, , , oh you mean the the yeah the bullet train all that ah yeah so at that time


from Tianjin go to go to Beijing is only half an hour you can reach eh, so it's it's very very convenient, yeah lah that time


ya ya that time we we are at the eh in new york, their train station !aiyo! it's quite rundown ah, amazing right


so in a matter of a thirty years !wah! everything is is different, so it's quite incredible, err what else


proudest moment ah oh the one it should be seeing the children graduate lah, ah think that's , !aiya! the one


okay lah that one, ya ya ya also true lah but this is personal lah to me it feel, feel quite


yup, but it's up and down also lah correct or not


ya lah then overseas got more entertainment leh, you can't drink you're you you can't drink also have to drink eh, so not everybody enjoy drinking ah you know drink until you get drunk I don't think it's it's it's fun ah yeah okay can can stop uh twenty one minute I stop ah


okay hello


okay okay would you like to decide which question we should speak first ya I assume, no I think the first one is financial related so I guess one of the prompts would be uh we can look at the first prompt so it's like asking us to share our experiences in like investment products which is shares bonds unit trusts and other forms do you have experience in these


oh okay, alright that's awesome uh I actually don't have that much experience because uh I currently don't have a source of income in that sense so I don't have the necessary resources on my end to be


the front end at investing but I do have people around me that do talk about these sorts of things and as such I do have some level of knowledge on these matters, have you have you how would your experiences how would you like mention what your experiences are like regarding these so far are there interesting stories you can share


okay


okay, you mentioned you mentioned something along the lines of uh robo advisors so is is it something that's quite new because I actually haven't heard about it as I haven't been in this I haven't been involved in investments and this kind of thing so is it actually quite a new thing


okay has it okay, has it in very useful for you especially cause you mentioned earlier that you were starting out and then after that you actually got into using these robot advisors


alright


oh okay


uh that's that's definitely true because I mean that is finance related and stock market is never it's never a guarantee so of course there is always risk but, uh eventually I I do intend to enter investment because well in future that that's a very good stream of income for me in future when I get into the working world but uh


you've probably had a bit of headstart compared to me so is there anything that within the short amount of time you spent investing is there anything you would like recommend what like advise me on regarding investment, ya


ah the, ah I see I see alright uh, okay I think we've got another prompt one of them is uh regarding CPF so


uh CPF CPF yes so, the question is that do you invest your CPF money and you could properly share your thoughts on the investment scheme in general so would you like to start first or I could start first on that yes


alright uh as for CPF uh unfortunately I'm not at the age yet where that's commonly a factor so I don't have much in I don't have any direct experience in it or have been a I wouldn't want to say a victim because some people do like to say that CPF is a bad scheme for them those kind of nonsense but


uh I mean I have, people that around me family friends those people that they do part time jobs even when they're doing schooling and they actually do have CPF so uh I don't have a direct


say in it but I do know from experience roughly how CPF works and it's actually a pretty interesting system that's uh is put in place in the sense that it kind of forces and it kind of, finesses if you would let if I could say that but it kind of finesses people to have to save money and set aside money to which actually helps them in the long run but does not allow them rely so


a lot of them and their CPF actually comes back to help them in the long run whereby they get to save up and they get use that CPF money that they otherwise normally wouldn't have been able to save up and have to purchase stuff like houses and other things, which actually I find pretty good because it kind of acts as a hidden safety net that most of us don't know about


but from just feeding like oh it's just something that the government takes money from us every month when we get our salary and we end up just having less to spend on ourselves so I actually do think it's a pretty smart uh initiative and overall investment scheme for uh singaporeans in general


ya and and I'm and I'm okay originally when while I was younger I didn't actually know much about CPF is I just heard of it as something that the government takes a cut of your salary every week and it disappears


so ya I I was one of those people but then as I grew a bit older and now I kind of understand things in a much larger scale at a like a nation level it's actually kind of it does benefit like both us and the government in a sense so ya it's actually a really good scheme, okay


uh and I guess that would be one aspect but I think a large another portion of it's just that on face value even like without diving into it, what it looks like it's just the it's the government taking a percentage of your salary and uh money is a very sensitive issue to anybody so when you realise that your government is like noticeably taking away a portion of what you have that you're earning per month it does look


it it doesn't look good to to put it lightly but well if you do look at it deeper they do realise that it's probably something that's good for them as well, oh that I didn't know I thought oh I did not I did not realise that I thought it would just be something for like exactly like medishield like you mention earlier just to buy properties and also like to pay for medical bills and those kind of emergency funds those those kind of things I didn't know that you could you could invest to those


is there any any limitations to that because I would assume that uh while you can invest


okay oh you you haven't you haven't tried it yet ah, okay alright so we're both in the same boat in that okay, well okay so


oh singapore savings what's the what's that


alright, okay, is it is it a is there something special about the whole singapore savings bonds because it sounds like it's own initiative so it it kind of sounds similar to like CPF or like bank interest that kind of thing so like what what what's the difference between singapore saving bonds like this initiative which I assume compared to something more conventional


okay yup that's right okay


well okay from, okay because I don't I I've actually never heard of this before prior to today so uh ya I've actually never heard of it but the thing is is that prior to, like what based on what you just told me in like in like one or two minutes singapore savings bonds it just it sounds like it basically sounds similar to like how you would invest in a bank and then you would get interest back so


how how how would you like sell it differently compared like compared to like investing in bank because some I'm pretty sure some people if they're fresh to it like me they will ask like what's the difference because this is like savings bonds it's it's similar to investing in a bank, okay


alright, okay


oh ya, good I see I see so uh


I understand understand okay actually that is uh very interesting it's kind of like a a scaled down version that's like more in the medium control compared to shares in investing


oh that's good !wow! okay, [orh], okay alright


well actually uh, we'll just we'll just make a very convenient segue but uh so another form that we had because like like I mentioned just now is about the fact that bonds feel like a little scaled down version compared to shares well uh the next prompt that we could do which is very convenient is that uh if we think that investing or trading similar to gambling well


would you like would you like to go first okay well from, okay because this is understanding that I've got no like hands on experience related to investing and trading but from what I've understood from hearing like advice from people from seniors with others around me is that