BT Money Hacks

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's 101st episode explores whether there are too many financial advisers in Singapore and if we actually need them. Is it possible to take care of your own financial planning?  Correspondent Howie Lim speaks with Wayne Chen, founder and CEO of GoalsMapper, a financial planning software that combines technology with the experience of financial consultants. Highlights of the conversation: The implications of too many financial advisers (2:30) If it’s possible to do your own financial planning (3:35) What a DIY plan looks like (6:30) The need for more ethical, upstanding and trustworthy financial advisers (8:36) How technology can aid the financial planning process (10:55) Produced by: Howie Lim (howielim@sph.com.sg), Ernest Luis & Fa'izah Sani Edited by: Hadyu Rahim and Howie Lim Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOM --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's monumental 100th episode looks at the importance of investing the extra cash you have, instead of saving too much. You could actually lose money if you just allow it to do nothing. BT's digital editor Chris Lim and his new co-host - correspondent Howie Lim - speak with David Kuo, co-founder of The Smart Investor. Chris and some listeners also tell us what they learnt from crucial episodes along the way to this 100th episode of Money Hacks. Highlights of the conversation: Chris talks about his favourite Money Hacks episodes (1:58) Start investing now! Lose money if you do nothing and leave your cash idle (4:47) The Rule of 100 and the Rule of 72 in relation to risk aversion (7:42) Low interest rate environment is another reason you should invest (9:25) Your age - more than how much you earn - should dictate how much you invest (11:20) Establish your goal in a proper investing plan and not treat it as a hobby (13:37) Produced by: Chris Lim (limchris@sph.com.sg), Howie Lim (howielim@sph.com.sg) & Ernest Luis Edited by: Hadyu Rahim and Howie Lim Read: Saving too much for rainy day can dampen retirement:  https://www.businesstimes.com.sg/banking-finance/money-playbook/saving-too-much-for-rainy-day-can-dampen-retirement Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOM --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how many people have set up a part-time business, or side-hustle, especially amid the disruption and uncertainty caused by the Covid-19 pandemic. Understand how to turn your side hustle into a money-making ESG (Environmental, Social, and Governance) business in this episode, brought to you by Withers KhattarWong: https://www.withersworldwide.com/en-gb/ BT's digital editor Chris Lim hosts Helga Angelina, entrepreneur and founder of Burgreens and Green Rebel, in Indonesia. She explains the following: How her health issues gave her an idea to start her businesses after graduating from college (1:40) Challenges to start a healthy food business in Indonesia as there was initially no mainstream society understanding of plant-based diets there (3:12) Why market education on healthy eating lifestyle, collaborations and invitations by key opinion leaders to public talks, makes a difference (5:00) Step-by-step guide to convert your passion project or beliefs into a real business idea and ESG-driven model (7:40) Find a co-founder who shares the same mission and values (9:17) Advice for budding ESG women entrepreneurs (10:17) Withers Worldwide: https://bit.ly/3xiTFo0 Produced by: Chris Lim & Ernest LuisEdited by: Adam Azlee and Hadyu RahimFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at what it takes to start a crypto or blockchain-based business. Understand the foundational technology of crypto in this episode, which is brought to you by Withers KhattarWong: https://www.withersworldwide.com/en-gb/ BT's digital editor Chris Lim hosts Pang Xue Kai, co-founder of Tokocrypto, a cryptocurrency exchange based in Indonesia. He explains the following: What were the key challenges when starting a cryptocurrency exchange? (1:12) Key challenges faced when starting Tokocrypto in Indonesia, and common challenges overseas (2:10) Being compliant or even overly compliant, to legitimise a crypto exchange and make it mainstream with formative legal regulations (2:42) Key factors you need to know to start a crypto or blockchain-based business in emerging markets (5:05) Relating better to the local people of that market: In Indonesia, how showing that cryptocurrencies has characteristics similar to "digital gold" worked (5:38)  Six steps of advice for listeners looking to start a cryptocurrency exchange or crypto-based business (7:35) Withers Worldwide: https://bit.ly/3xiTFo0 Produced by: Chris Lim and Ernest LuisEdited by: Adam Azlee and Hadyu RahimFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how fees can quickly multiply and hurt the bottom-line when businesses deal in multiple currencies via traditional payment rails. Find out why and how multi-currency wallets - for businesses - are one way around it, in this episode brought to you by HSBC: https://www.business.hsbc.com.sg/ BT's digital editor Chris Lim hosts Winnie Yap, managing director and head of Global Liquidity and Cash Management Singapore at HSBC. She explains the following: What are the costs that SMEs face when making cross-border payments by transacting in multiple currencies through traditional payment rails? (1:00) What is a multi-currency wallet for businesses, such as the HSBC Global Wallet, and how can it save time and money? (1:29) Addressing SMEs' concerns about foreign exchange rates (3:05) Does the HSBC Global Wallet work like virtual consumer wallets such as GrabPay? (3:52) What are the risks to businesses that don't embrace new payment options such as multi-currency wallets? (5:52)  A step-by-step guide for SME businesses to get started with multi-currency wallets if they want to save time and money (9:05) HSBC Global Wallet: https://www.business.hsbc.com.sg/globalwallet HSBC Business Banking for SMEs: https://www.business.hsbc.com.sg/hsbc-sme-business-banking HSBC Commercial Banking for Singapore: https://www.business.hsbc.com.sg Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how disability insurance and long-term care aren’t on the radar of many. Find out why this should be on your must-do list during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following: Can you ever be too young to worry about disability insurance (1:48) What is a "living" benefit, and why this is key if you have a longer runway of potential needs (2:52) Many young people suffer disabilities caused by accidents and unforeseen circumstances (3:15) Calculating long-term care costs in Singapore (5:50)  How a 30-year-old can use CPF Medisave to pay for premiums up to $600 a year, including a yearly cash top-up for higher monthly payout benefits (6:47) Great Eastern: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html Great Eastern’s Live Lifeproof with GREAT CareShield: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/health-insurance/great-careshield/disability-support.html Great Eastern’s Disability Coverage Calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/disability-income.html Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode covers insurance, a risk management fundamental you need to sort out before considering more advanced money hacks. Find out why critical illness insurance is more crucial than ever during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following: What is critical illness insurance and where it sits in your insurance portfolio (0:44) Understanding the latest multi-pay critical illness plan (3:12) How such a plan can continue to cover you even after you suffer from your first critical illness (4:50) Ensuring continued critical coverage given that illnesses are happening at a younger age (8:30) The percentage top-up premium needed to ensure continued multi-pay critical illness coverage (9:35) Great Eastern’s Live #Lifeproof: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html Great Eastern’s Great Life Advantage with add-on critical illness coverage: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/life-insurance/great-life-advantage.html Great Eastern’s Critical Illness Cover calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/critical-illness-cover.html Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.This week's episode is aimed at young working adults, on the importance of having some kind of financial plan sooner rather than later, instead of waiting till they have a sizeable sum to invest. It is brought to you by HSBC: https://www.hsbc.com.sg/BT's digital editor Chris Lim hosts Deepak Khanna, head of wealth products and journeys at HSBC, who explains the following: Why HBSC’s FinFit survey shows that young working adults in Singapore aged 24-39 are weakest in their retirement planning (1:34) How is portfolio rebalancing connected to retirement planning (2:45) Are there tailor-made, personalised portfolios you can stress test against various market scenarios? (4:46) Why a "small" portfolio size should not stop you from reviewing your portfolio annually (6:50) Step-by-step guide for young adults to start meeting their future retirement needs early (8:15) Those who scored high on HSBC's FinFit survey review their finances yearly (12:25) Find out how FinFit you are from HSBC: https://www.hsbc.com.sg/finfit/ HSBC's financial planning tools: https://www.hsbc.com.sg/financial-planning/ HSBC's Wealth Portfolio Plus, a relationship manager-guided journey: https://www.hsbc.com.sg/wealth/investments/wealth-portfolio-plus/ Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts fortnightly on Mondays and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode plugs the top financial knowledge gaps that some experienced investors may not even know too. It is brought to you by HSBC: https://www.hsbc.com.sg/ BT's digital editor Chris Lim hosts Deepak Khanna, head of wealth products and journeys at HSBC, who explains the following: What are the top 3 financial knowledge gaps and how HSBC's new FinFit online index shows how to close these gaps (0:45) Correcting mismatches between financial product maturity and your own goals, such as university education for your children (2:12) Why not enough people assess their risk tolerance regularly (3:39) Many experienced investors with portfolios larger than S$200,000 are still invested mostly, or even entirely, in equities and bonds. Is that good enough? (6:00) Three steps for investors to build a multi-asset portfolio - with an emphasis on not just broad asset classes but even sub-asset classes (7:50) Fourth step to further diversify your portfolio: How to understand the sustainable investment sector better in 2021 (11:20) Find out more about: HSBC's FinFit index and financial coaching tools: https://www.hsbc.com.sg/finfit/ Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

BT Money Hacks Ep 92: Trends for Asia's ESG investing outlook in 2021 and beyond 12:12 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode looks at Environmental, Social, and Governance (ESG) - a growing area of interest for retail investors especially in Asia - and the outlook for ESG investing in 2021 and beyond. It is brought to you by Fidelity International: https://www.fidelity.com.sg/ BT's digital editor Chris Lim hosts Victoria Mio, director for Asian equities at Fidelity International, who explains the following: Fidelity’s annual global Analyst Survey 2021 shows how Asia (including China) is not far behind the West when it comes to sustainability awareness (1:00) Net-zero carbon emissions: What it means for investors and what factors and values in companies they should look for (3:26) More carbon neutrality progress in utilities and telecom sector companies than within energy sector (6:12) Percentage estimates of companies that will achieve carbon neutrality in coming decades (7:20) How sustainable investors have a role to play in forcing positive change in companies (8:03) Will there be more emphasis on social issues versus the 'E' and 'G' in ESG? (9:10) Find out more about: Fidelity International: https://www.fidelity.com.sg/news-and-insights/outlook Download Fidelity International Analyst Survey 2021 report: https://www.fidelity.com.sg/static/singapore/pdf/article/analyst-survey-2021/fidelity_analyst_survey_2021.pdf Fidelity International Analyst Survey 2021 site: https://www.fidelity.com.sg/news-and-insights/analyst-survey-2021 Listen to Ep 89 - Key investment themes to act on in 2021: https://str.sg/Jj9K Ep 90 - Investing in China's market - the case for retail investors: https://omny.fm/shows/money-hacks-1/investing-in-chinas-market-the-case-for-retail-inv Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.