Archive for August, 2007

How to prevent late payments: Internet Banking beats Cheques and Giro

Paying credit card bills can be a pain, but I’ve found a good way to solve this problem. Using Internet Banking allows me to set the payment dates for my bills, so I can have post-dated payments. That means if my deadline is on the 7th of the month, I can set my payment on […]

Popularity: 8% [?]

Waiving late payment charges for credit card

My father totally forgot about a payment for his credit card bill, as the bill was accidentally pushed to the back of his drawer. When he remembered he was very upset at the thought of paying the late payment charges. Immediately, I told him to call up the call centre and get the charges waived […]

Popularity: 6% [?]

Will SRS Withdrawal Age be raised?

In my previous article on Supplementary Retirement Scheme (SRS): A Money Crunching Guide Part II,
Jeff asks: Hi Sarah, in view of the recent PM’s national day rally speech, any idea if the SRS withdrawal age (i.e. 62yo) will be similarly postponed like the CPF withdrawal ?
Let’s take a look at what PM Lee said first. […]

Popularity: 9% [?]

Hearts and the Link to Subprime Loans

In Hearts, a game in Windows, the objective of the game is to score as little points as possible. For banks, the objective of the game is to have as little risk as possible. Unless you are aiming to shoot the moon by collecting all the cards (everybody else gets 26 points each), you should […]

Popularity: 13% [?]

The Secret to Becoming Rich

I’ve bought the first book: Your Magic Power to be Rich! and I’m starting to read it. I’ll share about what I’ve read soon. You may purchase the books from amazon.com or your local bookstores. Meanwhile, take a look at what Elise Fisher has to say about The Secret to Becoming Rich.
The Secret to Becoming […]

Popularity: 10% [?]

Rich Dad to be blamed for subprime woes?

I’ve been reading Rich Dad’s Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by other people who followed his advice to go into property investment. I’m just wondering whether the recent subprime loan defaults could be due to these people who were so caught up with reading […]

Popularity: 8% [?]

Cutting Stock Losses: Not Painful actually

The recent volality of the stock market has taken many people by surprise. I had experienced this same euphoria 7 years ago when I first started on unit trusts, and bought a unit trust that crashed badly. I still have that to remind me of my mistake in my inability to cut losses. This is […]

Popularity: 7% [?]

Singapore Profit is featured!

Singapore Profit is featured in The Young Businessman! It’s very flattering to note that I’m considered one of the local entrepreneurs who blogs. I see myself as someone who has just started on entrepreneurship, so it came as a surprise.
I have encouraged some teenagers to hone their entrepreneurial skills and have coached some to run […]

Popularity: 9% [?]

New Zealand Dollar falls and may not recover

Interest rates for New Zealand Dollar at UOB have fallen from 7.6% by 1%. Interestingly, DBS is offering better rates at 7.6%. Usually, UOB rates are better than DBS rates. Anyway, this is still way better than the less than 1% offered for a normal fixed deposit. Previously, my NZ dollar fixed deposit was at […]

Popularity: 31% [?]


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