When it comes to money matters, what you don’t know can hurt you. With retirement and re-employment ages for Singapore workers raised to 63 and 68 respectively come July 1, we can’t help but ask ourselves: How much harder or longer do we want to go on for?
If you, like us, fantasise about spending our silver years pursuing hobbies, we have both bad news and good. The bad news is that the path to financial freedom requires diligence, prudence and confidence; the good is that we have done part of the homework for you. Read on for the tips.
Anna Haotanto (AH), founder & CEO of The New Savvy, a financial, investments and career platform that seeks to empower women towards smarter financial decisions. She is also the managing partner & CEO at ABZD Capital, as well as managing director and chief marketing officer at Gourmet Food Holdings – both of which focus on investment opportunities in the food and beverage industry.
“I believe most women want investments that they can understand and afford, and aren’t overly risky. Some of them avoid or fear managing their money due to reasons such as lack of disposable income,” Anna says.
“Prioritise saving and investing your money as early as possible, so you can enjoy the effects of compounding. If you aren’t very disciplined, try automating your savings. One more thing: get yourself covered for medical expenses and hospital bills.”
This story is from the May 2022 edition of Her World Singapore.
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This story is from the May 2022 edition of Her World Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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