Mr Eyebags Financial Tips

30/09/2024

It’s not just about what you do; it’s about why and how you do it.

Ray Dalio perfectly sums it up in his quote, ‘The most important thing is that you develop your own principles and ideally write them down, especially if you are working with others.’

Writing down our principles not only helps guide our decision-making but also makes our values clear to those around us. Whether we are leading a team or working independently, having a defined set of principles means less second-guessing and more consistency in how our approach challenges.

For me, this practice has been a game changer in both personal and professional life. It’s something I recommend to clients—when you know your core financial principles, it’s easier to make long-term decisions that align with your goals.

What principles are guiding you today?

Connect with me: https://lnkd.in/g_3_eQxp
Learn more about what I can do for you: engage.fa.com.sg/maxtung
Telegram me: https://t.me/maxttx

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To read my previous post on financial tools, people often miss out on: https://lnkd.in/g9eTcPt5

27/09/2024

Hopefully it’s not too late by the time you read this

We live in a melting pot of cultures and when moving to a foreign location like Singapore the first order of business is usually housing, schools, rent and good food :) (outside of our jobs)

Over many a conversation with my friends who work in Singapore this seems to be their primary focus.

There are 3 things that I’ve found which are crucial yet many of us are unaware of.

1. SRS (Supplementary Retirement Scheme)
It’s an acronym that gives you tax relief while helping you build retirement savings. Yet, so many people working in Singapore miss out on it, even though it’s designed to help everyone, regardless of whether you’re sticking around long-term.

2. Local Health Insurance
International health plan sounds great, however, if they’re not travelling back and forth or staying in other countries for extended periods, is it really worth?

3. Estate Planning
Already a topic everyone avoids like the plague, it’s complex, and if you’re from a different country, gets more complex, and if you’re not prepared, your assets can get tied up,more complicated.

I’m Max, I’ve got eye bags turning a midnight hustle into a financial muscle.

Connect with me: https://lnkd.in/g_3_eQxp
Learn more about what I can do for you: engage.fa.com.sg/maxtung
Telegram me: https://t.me/maxttx



If you’re thinking about supporting your kids forever, Read more about my previous post: https://lnkd.in/g-iZJSk4

25/09/2024

“I want to support her for as long as I can.”

It’s something many of us, as divorced parents, often feel. After going through the emotional and financial upheaval of a divorce, our desire to provide for our children doesn’t simply fade. But the real question becomes: When do we shift from providing support to helping them build financial independence?

Divorce changes the financial landscape for everyone involved. Studies show that children of divorced families are 64% more likely to experience financial challenges, especially as we manage split incomes and separate households. And with rising housing prices, competitive job markets, and lingering student loans, expecting financial independence by 25 isn’t always realistic.

The goal doesn’t have to be about when we stop supporting them financially. Instead, it’s about how we can guide them towards financial literacy and resilience. By planning carefully and having open conversations, we can help them navigate these challenges—whether it’s budgeting, saving, or making career choices that lead to independence.

So, rather than asking ourselves “When should we stop supporting?” perhaps we should be asking, “How can we best support their journey toward independence?”

How have we, as a community, approached this together?

Connect with me: https://lnkd.in/g_3_eQxp
Learn more about what I can do for you: engage.fa.com.sg/maxtung
Telegram me: https://t.me/maxttx

read my previous post here: https://lnkd.in/g3gqxXqj

04/12/2023

You've probably heard of SRS faintly in a casual conversation and how it helps to offset taxes. We have experts on panel in a webinar that will answer your questions, share with you useful tips on how to make the most of this *not so secret* financial tool.

Everything You Need to Know About SRS (Supplementary Retirement Scheme) will be taking place on Everything You Need to Know About SRS (Supplementary Retirement Scheme). Register now so you do not miss out.

04/12/2023

Ever found yourself asking what is term insurance and why do I need it? You've probably heard your friends or family talk about it and you question the efficacy, we do dive into it. Join us as we find out more about this topic.

Learn about how term life insurance plans work and how to pick the best one for you.

23/11/2023

Ever heard of the term "Independent Financial Advisor?" and you found yourself asking, what is that ah?

Learn about what is an IFA and how you can benefit from independent financial advice.

11/05/2023

Are you properly prepared for the future? Estate planning is a crucial aspect of financial planning that is often overlooked. In our latest blog post, we discuss estate planning for singles, single parents, and couples with no children. Learn about unique estate planning needs, the importance of updating your documents regularly, and how to protect your assets from creditors or lawsuits. Don't wait until it's too late, start planning your estate today.

04/05/2023

🏡 Are you considering purchasing a home in Singapore? Our beginner's guide provides an overview of the key considerations involved in purchasing private housing and Housing Development Board (HDB) flats.

👉 Learn about the costs, requirements, and regulations involved, and get practical takeaways for making informed investment decisions.

🔍 Check out the guide now and achieve your housing goals in Singapore!

Purchasing a home in Singapore can be a complex and confusing process, especially for those who are not familiar with the local real estate market. In this

26/04/2023

# Investing 101: A Beginner's Guide for Independent Lifestyles

Are you new to investing? Don't know where to start? Our latest article "Investing 101: A Beginner's Guide for Independent Lifestyles" is here to help you get started! Whether you're a single person, a couple who isn't planning for children, or a single parent, our guide is tailored to your needs. Learn the basics of investing and start building your wealth today!

Investing can seem like a daunting task, especially for those who are just starting out on their journey to financial independence in Singapore. However,

25/04/2023

🚨🔍 Singapore Government May Regulate Insurance IP Riders for Cancer Care Costs! 📈🩺

Attention, policyholders! The Singapore Government is considering regulating insurance IP riders due to escalating cancer care costs. Are you prepared for the potential changes? 🤔

Find out more about the impact on your insurance coverage and what steps you can take to safeguard your financial well-being:

📰 Read the full article here: [https://tinyurl.com/2p86zh4r]
💡 Discover how insurance regulation may affect your policy and premiums
👩‍💼 Consult with a financial advisor to review your current insurance plans

Stay ahead of the curve and secure your financial future. Don't forget to share this news with friends and family! 🙌