Effective Interest Rates on CPF Accounts

For an updated version, refer to the article HERE. Is it always good to have a lot of money in your CPF? Maybe, maybe not! As the amount of money in your CPF account increases, the amount of interest you get from CPF increase (and they pay pretty high interest). However, as your account balance...

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CPF Bonus +1% Interest for Age 55 & Above

Distribution of the CPF Extra +1% of Interest between your CPF Accounts There is a sequence in how the bonus CPF +1% interest is distributed into your CPF account. The sequence would determine how much money goes into your 4 different CPF accounts. MORE LINKS CPF Bonus 1% Interest for Below Age 55 Accrued...

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CPF Bonus +1% Interest for Age below 55

Distribution of the CPF Extra +1% of Interest between your CPF Accounts There is a sequence in how the bonus CPF +1% interest is distributed into your CPF account. The sequence would determine how much money goes into your 3 different CPF accounts. The higher the percentage your OA & SA make up...

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The Christmas Stock Market Rally

December is the month of the Stock Market! MORE LINKS Accrued Interest More than Housing Profits? What CPF means for those in their 20s? 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest https://www.cnbc.com/2015/11/30/86-years-of-history-point-to-year-end-rally.html December has been a time where the market has never...

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What CPF means for those in their 20s

CPF, in short for Central Provident Funds, is a "social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, homeownership, family protection and asset enhancement.". Source: https://www.cpf.gov.sg/Members/AboutUs/about-us-info/cpf-overview .s This is quoted from the CPF website and as defined...

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NSF Private's Pay on Li Ka Shing Advice

In our previous post, we shared how we can adjust Li Ka Shing's advice on money management to Singapore's version and circumstances. The link is here: Li Ka Shing's Advice - SG Version Being an NSF, I think it is only fair that I break down my salary and how I match it to Li Ka Shing's advice on money management! Of course, I did it with some adjustments to my circumstances. MORE LINKS Difference...

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Li Ka Shing Advice - SG Version

http://e27.co/li-ka-shing-teaches-buy-car-house-5-years-20150408/ There was an article in the past that went viral. It talked about the advice given to young people by Hong Kong's richest man - Li Ka Shing. In the article, he talked about splitting our pay into 5 parts, each for a different purpose MORE...

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