I recently facilitated a financial literacy game with a friend, and it gave me a surprising insight into how people approach financial planning, especially as they get closer to retirement. The goal of the game was simple: achieve the highest net worth possible. We all know that net worth is calculated as assets minus liabilities,…
This question might sound unsettling, but it’s a real and growing concern. The recent story of an elderly couple in Singapore who passed away in their Jurong flat, unnoticed for weeks, is a stark reminder of the challenges of aging in isolation. In Singapore, as family sizes shrink and lifespans grow, more seniors are living…
This topic came up during a conversation in a Telegram group, and it sparked a question worth exploring: should work still have a place in retirement, even if we’re financially secure? Retirement is often seen as the time to fully step away from work. It can be a chance to relax, travel, and pursue hobbies…
Life and money are deeply intertwined, much like the decisions we make in financial literacy games. Recently, I played the Wealth and Joy board game for the first time. Not only did I found the game fun, it also mirrored real-life challenges, offering profound insights into managing finances and achieving life goals. Here are the…
The rise of financial influencers, or “finfluencers,” has been a game-changer in the world of personal finance. These content creators use social media platforms to share tips on money management, investing, and achieving financial freedom. While their content has inspired many to take charge of their finances, it has also raised questions about the regulatory…
Last week, I had an insightful conversation with my friends about financial planning. I remembered a story that my friend shared with us. His friend’s mother-in-law had bought an insurance policy seven years ago but hadn’t heard much from her advisor ever since. Recently, she was thrilled to learn that her policy had returned 40%…