BT Money Hacks

Money Hacks Ep 54: How to save more when paying for overseas property investments 8:51 mins Synopsis: In this fortnightly podcast series on Mondays, The Business Times and The Straits Times break down actionable financial tips. This episode is aimed at how best to pay for property investments overseas. Do you use expensive banking services? Or new cheaper fintech-enabled money transfer services? Mr Nilan Peiris is the London-based vice-president for growth for TransferWise, which has 1,600 staff members and about 150 in Singapore, and is also regulated by the Monetary Authority of Singapore. He tackles our questions: 1. Does it really cost a lot to move money overseas via wires? 2. Understand why it is important to know about the transparency of the services you are using. 3. Why is speed important when you need to do time-sensitive good value property investments overseas? Entrepreneur Kiyan Foroughi also comes on the show to talk about his own personal experience with money transfer services provided by banks and new fintech companies, and the big differences he has found when servicing property mortgages overseas.  Produced by: Chris Lim, Ernest Luis & Lee Kim Siang  Edited by: Adam Azlee Dear readers,We are conducting consumer research to find out what types of content you like. Please click on the link below to participate in a short survey which will help us serve you better. Respondents stand a chance to win $100 shopping vouchers and get invited to participate in consumer interviews.Link: https://sph.au1.qualtrics.com/jfe/form/SV_4MwYEyWCtmRKUHH Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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. Watch a video of Podcasts on the rise in Singapore: https://youtu.be/aGJ4cbch6eQ --- 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/btmoneyhacks Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Money Hacks Ep 53: How fintech helps you with cheaper and faster money transfers overseas 9:43 mins Synopsis: In this podcast series on alternate Mondays, The Business Times and The Straits Times break down actionable financial tips. This episode is aimed at how best to transfer your money abroad, and in cheaper ways. Entrepreneur Kiyan Foroughi comes on the show to talk about his own personal experience about money transfer woes with banks and why he uses new fintech services like TransferWise to save on costs and speed besides getting better transparency. He has business investments and property mortgages overseas, and needs to transfer money to family members around the world. Mr Nilan Peiris - another guest on the show - is the London-based vice-president for growth for TransferWise, which has 1,600 staff members and about 150 in Singapore, and is also regulated by the Monetary Authority of Singapore. He answers the following: 1. What are cross-border money transfer services and why do they save their customers money?  2. How you can save up to 10 times on the cost of sending a sum of money from Singapore to the UK, Europe or Australia. 3. How instant payment - thanks to fintech - means that customers can send money to pay for a leaky roof repair in London for example, within 20 seconds. Produced by: Chris Lim, Ernest Luis & Lee Kim Siang  Edited by: Adam Azlee Dear readers,We are conducting consumer research to find out what types of content you like. Please click on the link below to participate in a short survey which will help us serve you better. Respondents stand a chance to win $100 shopping vouchers and get invited to participate in consumer interviews.Link: https://sph.au1.qualtrics.com/jfe/form/SV_4MwYEyWCtmRKUHH Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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. Watch a video of Podcasts on the rise in Singapore: https://youtu.be/aGJ4cbch6eQ --- 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/btmoneyhacks Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Money Hacks Ep 52: Tread growing e-commerce investment trend in Asia with caution 8:48 mins Synopsis: In this podcast series on alternate Mondays, The Business Times and The Straits Times break down actionable financial tips. This episode is aimed at how you can make money from Asian consumer growth. Here to explain that is our guest Nirgunan Tiruchelvam - the head of consumer sector equity research at Tellimer (formerly Exotix Capital). He has been an equity analyst covering Asian stocks since 2004.  What kind of e-commerce trends should we study in Asia before investing? (0:51 mins) E-commerce is an emerging sector in Asia if you want to consider widening your investment options in future. (3:05) Watch the rise of old-economy companies that provide logistics, transportation and warehousing, like Singapore Post Limited for example - which is a listed company. (4:50) Be wary of cash flow-negative companies that are unlisted in Asia and may not be able to continue being funded by the venture capital and private equity community in this region. (5:53) Produced by: Ernest Luis  Edited by: Ernest Luis Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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/btmoneyhacks Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Money Hacks Ep 51: Making more money from Asian consumer growth 10:56 mins Synopsis: In this podcast series on alternate Mondays, The Business Times and The Straits Times break down actionable financial tips. This episode is aimed at how you can make money from Asian consumer growth. Here to explain that is our guest Nirgunan Tiruchelvam - the head of consumer sector equity research at Tellimer (formerly Exotix Capital). He has been an equity analyst covering Asian stocks since 2004.  As Asia is a massive region representing 60% of the world’s population, he says that the region is on the cusp of a consumer boom. Find out why consumers in China, India and the Asean region are eating more, drinking more and spending more. He suggests two investment sectors to look at - Asia's canned beer and traditional meat markets. 1. Why is Asia’s beer market about to explode with the introduction of canned beer? This trend is expected in less developed Asian markets in South-east Asia and China and India. 2. Despite newly-listed company Beyond Meat’s incredible rise as as a veggie meat company, real meat is the real investment story in Asia.  Investors should note that Asia’s meat producers like Charoen Pokphand Foods, are about to see a big boom as prosperity levels rise in China and India.  Produced by: Ernest Luis  Edited by: Ernest Luis Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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.See omnystudio.com/listener for privacy information.

Money Hacks Ep 50: How to invest amid market volatility 10:24 mins Synopsis: In this podcast series every Monday, The Business Times and The Straits Times break down actionable financial tips. This episode is about how to invest amid market volatility. Trade wars, currency swings, natural disasters - what's an investor to do when markets flip one way, then flop the other way? Chief investment officer of StashAway, Freddy Lim, gives listeners tips on how to approach investments even when markets are roiling. This includes both advice on the fundamentals of investment, as well as modern tools that can make a hassled investor's life easier. Produced by: Ernest Luis and Christopher Lim Edited by: Adam Azlee Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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.See omnystudio.com/listener for privacy information.

Money Hacks Ep 49: The ABCs of robo-enabled wealth management 10:49 mins Synopsis: In this podcast series every Monday, The Business Times and The Straits Times break down actionable financial tips. This episode walks listeners through the ABCs of robo investing. What's a robo advisory, why would you want to use one, and how much might it cost? How intelligent are such systems, how much work do we still have to do to make the most of them, and how can they make our money lives easier? Chief executive of StashAway, Michele Ferrario, breaks down robot-enabled, technology-assisted investment for listeners. StashAway is regulated by the Monetary Authority of Singapore. Produced by: Ernest Luis and Christopher Lim Edited by: Adam Azlee Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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.See omnystudio.com/listener for privacy information.

Money Hacks Ep 48: Actionable financial tips for young parents and children 12:12 mins Synopsis: In this podcast series every Monday, The Straits Times and The Business Times break down actionable financial tips. This episode is aimed at how parents can get children to appreciate the value of money in an affluent society. Money Hacks' co-hosts Chris Lim (above left) and Ernest Luis talk actionable financial tips for young parents and children up to the age of 16.  How old can they be before you show them the value of money and sacrifice, and teach them the concept of cash flow (allowances versus expenses)? 1. Parents can use tokens to exchange if they are too young to have hard currency allowances (1:30) 2. Are there tools to help parents educate children better? (2:35) POSB Smart Buddy is an introduction to digital payments. Children wear a watch that lets them tap to pay at certain stores such as those in school and at selected merchants.  Parents download the mobile app so they can allocate allowances and check on the child's spending in real time. The OCBC Mighty Savers programme is for children below 16 with interest of up to 0.8 per cent a year. 3. What is the concept of delayed gratification for children? (3:59) 4. How to be financial role models for your children. (7:30) 5. How to inculcate habitual saving, start an allowance early even if it is tokenised, explain delayed gratification, transit to real money as early as possible, and involve children when doing abstract investments like gold (10:25) Produced by: Ernest Luis and Christopher Lim Edited by: Adam Azlee Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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.See omnystudio.com/listener for privacy information.

Money Hacks Ep 47: Getting started with SkillsFuture-funded courses if you have unused credit 11:16 mins Synopsis: In this podcast series every Monday, The Straits Times and The Business Times break down actionable financial tips. The $500 SkillsFuture credit is given to all Singaporeans aged 25 and older. The scheme was launched in January 2016. Money Hacks' co-hosts Ernest Luis (above, right) and Chris Lim discuss practical tips to get started if you have not used your SkillsFuture credit. Logging in, checking on your remaining credit Prioritise and identify skills that can help upgrade your career, or personal goals, as programmes are divided into categories: students, employees, employers, learning throughout life Check on new available courses that were not listed a few years back Plans to enhance the MySkillsFuture portal, which provides information on careers and the corresponding skills needed, mean users will be able to create an e-passport listing their e-certificates from training. The upcoming SkillsFuture Festival 2019 will be held from June 28 till Aug 11 - featuring six weeks of workshops, talks, roadshows, experiential learning and lifestyle activities across the island, to inspire Singaporeans to develop a passion for learning and pursue skills mastery. SkillsFuture website: https://www.skillsfuture.sg/ Produced by: Ernest Luis and Christopher Lim Edited by: Adam Azlee Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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.See omnystudio.com/listener for privacy information.

Money Hacks Ep 46: How to start investing with just $100 a month in your 20s 11:16 mins Synopsis: In this podcast series every Monday, The Straits Times and The Business Times break down actionable financial tips. This episode is brought to you by OCBC Bank. It is aimed at those in their later 20s, and how to move beyond just insurance and good bank accounts. Money Hacks' Chris Lim (left) hosts OCBC Bank senior investment strategist Vasu Menon (centre above), who gives Lynette Tan - a 26-year-old Business Times journalist - practical tips to get started. In a Jan-Feb 2019 Frank by OCBC survey of 866 students and young working adults aged 16-29, close to three-quarters said they wanted to start investing, with almost a third in it for long-term gains, though fewer than two in five considered themselves knowledgeable about investing. We cover three structured tips to help young people consider when wanting to invest. Is a five-figure sum the minimum you need to start investing properly? (1:40 mins) Step 1: How to automate investment of unit trusts with as low as as $100 monthly? (2:01) A $100 monthly minimum can also get you started in an OCBC blue chip investment plan (2:23) Step 2: Knowledge is critical next, after you get started with a monthly $100 investment. Attend workshops and talks like Frank by OCBC's Young Investor programme (3:35) Step 3: How to do your homework safely before jumping into the markets? Create a simulated portfolio and how to write yourself a private proposal (4:32) What is time diversification, and why is it good to do this in a blue chip investment plan? (6:42) Why it is good to take emotions out from a structured investment journey, and not let it affect your work or distract you needlessly (7:29) Get more Frank by OCBC articles for the young here. Produced by: Ernest Luis and Christopher Lim Edited by: Adam Azlee Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  Apple Podcasts: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  Website: http://str.sg/stpodcasts 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.See omnystudio.com/listener for privacy information.

Money Hacks Ep 45: How to choose insurance in your 20s 8:44 mins Synopsis: In this podcast series every Monday, The Straits Times and The Business Times break down actionable financial tips. This episode is brought to you by OCBC Bank. It is aimed at insurance, a product which the young in their 20s need, but sometimes find it hard to figure out what they should get first. Money Hacks' Chris Lim hosts 29-year-old Navin Sregantan, a journalist at The Business Times and Mr Kelvin Goh, OCBC Bank’s Head of Investments and Wealth Advisory. In a Jan-Feb 2019 Frank by OCBC survey of 866 students and young working adults aged 16-29, only slightly more than half were aware of different insurance products, and less than half considered themselves knowledgeable about insurance. Are there still myths or misconceptions about insurance? 1:10 mins - Banks actually do provide some insurance plans, and how to use self-service banking tools like OCBC Life Goals to plan and identify gaps and protection needs. 2:27 mins - Can buying an insurance plan through a bank help you earn higher interest? 3:35 mins - How much and what kind of coverage should people in their 20s have?  4:08 mins - Why you should add riders to insurance plans. 4:28 mins - What is the second coverage plan you need next, especially if you're working in your 20s? 5:14 mins - If you plan to get married, are life insurance plans crucial? Get more Frank by OCBC articles for the young here. Produced by: Ernest Luis and Christopher Lim Edited by: Adam Azlee Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN  iTunes: http://str.sg/oeXe  Google podcasts: http://str.sg/oeGd  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.See omnystudio.com/listener for privacy information.