Financial Freedom: February 2023

Car Repairs

Changed brakepads and tyres for my car yesterday at Stamford Tyres:

1. 215/55R17 CO CPC5 94V E/DOT T L EU tyres - $230 each for 2 tyres ($460 in total)

2. Brakepads OEM for front and back ($200 in total)

Total cost = $660

Buy Term, Invest the Rest - What does it mean?

Buy term, invest the rest (BTIR) is a financial strategy that advocates buying a term life insurance policy and investing the remaining money that would have been spent on a more expensive permanent life insurance policy. This strategy allows policyholders to allocate more money to investments and achieve better long-term financial growth. Term life insurance policies offer a death benefit for a specific period of time, usually 10, 20, or 30 years. They are generally more affordable than permanent life insurance policies, which often include a savings component and can cost up to ten times more than term life policies. By purchasing a term life policy, policyholders can allocate more money towards investments that have the potential to grow their wealth over time. Investments in stocks, bonds, and mutual funds can yield a higher rate of return than a permanent life insurance policy's savings component. By investing the money that would have been spent on a permanent policy, policyholders can accumulate wealth and achieve long-term financial goals, such as retirement or buying a home. One of the key advantages of the BTIR strategy is flexibility. If a policyholder's financial situation changes, they can adjust their investments accordingly without being locked into a permanent life insurance policy. Additionally, term life policies can be converted to permanent policies later on, providing policyholders with more options for protecting their financial future. Another benefit of BTIR is that it is easy to understand and implement. Unlike more complicated financial strategies, BTIR does not require a high degree of financial literacy or expertise. Policyholders can simply purchase a term life policy and invest the remaining money in a diversified portfolio of stocks, bonds, and mutual funds. However, there are some potential drawbacks to the BTIR strategy. One of the main risks is that investments may not perform as well as expected, potentially leaving policyholders with less money than they would have had with a permanent life insurance policy. Additionally, term life policies only offer coverage for a specific period of time, so policyholders must ensure that their investments are performing well enough to cover future insurance needs. In conclusion, the BTIR strategy can be a good option for individuals who want to maximize their long-term financial growth while still protecting their loved ones with a life insurance policy. By purchasing a term life policy and investing the remaining money, policyholders can achieve a better rate of return on their investments and have more flexibility to adjust their financial plans as their needs change. However, it is important to carefully consider the potential risks and benefits of the strategy before implementing it.

Who is Goh Cheng Liang

Goh Cheng Liang is a billionaire businessman and investor from Singapore. He was born on June 6, 1923 and is widely regarded as one of the most successful entrepreneurs in the country. Goh is the founder of Nippon Paint Holdings Co Ltd, one of the largest paint manufacturers in the world.

Goh started his business career as a paint seller and gradually built a paint empire that spanned across Asia. He founded Nippon Paint in Japan in 1965 and since then, the company has grown to become a leading paint manufacturer with operations in multiple countries. In addition to his paint business, Goh has also made investments in other industries, including real estate and shipping.

Goh is known for his business acumen and his commitment to building long-term relationships with his partners and employees. He has received numerous awards and honors for his contributions to the business community, including the prestigious Order of the Rising Sun from the Japanese government.

Throughout his life, Goh has been dedicated to philanthropy and giving back to the community. He has made significant contributions to education, health care and other charitable causes in Singapore and around the world.

Despite his success, Goh remains a private individual and shies away from the media. Nevertheless, he is regarded as a role model and an inspiration to many aspiring entrepreneurs in Singapore and around the world.

Who is Christopher Wren

Christopher Wren (1632-1723) was an English architect, astronomer, and mathematician who is best known for his work designing St. Paul's Cathedral in London. He was born in East Knoyle, Wiltshire and studied at Oxford University, where he developed a love of mathematics and science. After a brief stint as a professor of astronomy, Wren entered into a career in architecture and quickly became one of the most sought-after architects of his time.

Wren's architectural style was characterized by his innovative use of mathematical principles and his mastery of Baroque architecture. He designed numerous public and private buildings, including the Royal Observatory at Greenwich, the Royal Hospital at Chelsea, and the restoration of the Sheldonian Theatre at Oxford.

However, Wren is most famous for his work on St. Paul's Cathedral. After the original cathedral was destroyed in the Great Fire of London in 1666, Wren was tasked with designing a new one. The new cathedral was completed in 1708 and is considered one of the most significant works of English architecture.

Aside from his architectural accomplishments, Wren was also a respected scientist and member of the Royal Society. He made important contributions to the fields of astronomy and mathematics and was elected as the President of the Royal Society in 1680.

Wren's impact on architecture and science can still be seen today. He is remembered as one of the most important figures of the English Renaissance and his work continues to inspire architects and scientists around the world.

Who is Lord Nelson

Admiral Lord Horatio Nelson (1758-1805) was a British naval officer who became famous for his victories in the Napoleonic Wars and is considered one of Britain's greatest military heroes. Born in Burnham Thorpe, England, Nelson began his naval career at the age of 12 and quickly rose through the ranks. He served in various conflicts, including the American War of Independence, and was known for his innovative tactics and leadership skills.

Nelson's greatest victory came in the Battle of Trafalgar in 1805, where he led the British fleet to defeat the combined French and Spanish fleets. During the battle, Nelson was mortally wounded and died on the deck of his ship, the HMS Victory. His death was a great loss to Britain, but his victory at Trafalgar secured British naval supremacy for many years.

Nelson's personal life was also notable, with a tumultuous romantic history and a well-publicized affair with Lady Emma Hamilton, the wife of a British diplomat. Despite these personal scandals, Nelson remained popular among the British people and was widely mourned after his death.

Today, Lord Nelson is remembered as one of Britain's greatest military figures and a symbol of the country's naval power. Statues and monuments in his honor can be found throughout the UK, including at St. Paul's Cathedral in London. The HMS Victory, the ship on which he died, is now a museum in Portsmouth, England and remains a popular tourist attraction.

Facts About St Paul's Cathedral in London

St Paul's Cathedral is one of the most iconic landmarks in London, England. Here are some facts about the cathedral:

Location: The cathedral is located on Ludgate Hill in the heart of London and is the mother church of the Diocese of London.

History: The cathedral was built in the 17th century and is the fifth church to have been built on the site. The previous cathedral was destroyed in the Great Fire of London in 1666.

Architect: The cathedral was designed by Sir Christopher Wren, one of the most famous architects of his time.

Dome: The cathedral is famous for its large dome, which is one of the largest in the world. It is 365 feet (111 meters) high and offers panoramic views of the city.

Crypt: The cathedral has a crypt that contains the graves of many famous people, including Admiral Lord Nelson, the Duke of Wellington and Sir Christopher Wren himself.

Services: St Paul's Cathedral is still a working church and holds regular services, including daily prayers and Sunday services.

Events: The cathedral has been the site of many historic events, including the funeral of Winston Churchill, the Queen's Diamond Jubilee Service, and the Remembrance Sunday Service.

Art: The cathedral contains many works of art, including paintings, sculptures and stained glass windows, which add to its beauty and interest.

These are just some of the many interesting facts about St Paul's Cathedral in London. Whether you are a history buff, an art lover or just looking for a beautiful place to visit, St Paul's Cathedral is definitely worth checking out.

What is an undischarged bankrupt in Singapore and restrictions faced

An undischarged bankrupt in Singapore refers to an individual who has not been released from their bankruptcy status by the Official Assignee (OA), the government agency responsible for administering bankruptcies in Singapore. This means that the individual has not yet completed the requirements set by the OA and has not been granted discharge from their bankruptcy. As a result, the individual may still face legal restrictions and limitations on their financial dealings and assets. The discharge from bankruptcy typically takes three years in Singapore, but the individual must meet certain conditions set by the OA, including cooperating with the OA, making payments to creditors, and disclosing all assets and liabilities.

In Singapore, bankrupt individuals face several legal restrictions and obligations, including:

Disclosure of financial information: Bankrupts are required to disclose all their assets and liabilities to the Official Assignee (OA) and are prohibited from hiding or disposing of their assets without the OA's permission.

Limitations on financial dealings: Bankrupt individuals are restricted from borrowing money or incurring new debt without the OA's permission. They are also prohibited from acting as a director of a company or managing any business without the OA's permission.

Loss of control over assets: The OA has control over the bankrupt's assets and may use them to pay off creditors. The bankrupt may be required to sell their assets and surrender the proceeds to the OA.

Prohibition from traveling overseas: Bankrupt individuals may be prohibited from traveling overseas without the OA's permission.

Reporting obligations: Bankrupt individuals must report any changes in their financial situation and employment status to the OA.

Monitoring by the OA: Bankrupt individuals are subject to ongoing monitoring and reporting requirements to the OA, who will oversee their financial affairs until they are discharged from bankruptcy.

These restrictions and obligations are in place to ensure that bankrupt individuals cooperate with the OA and use their assets and resources to pay off creditors. The goal is to provide a fair and orderly process for creditors to recover their debts and for bankrupt individuals to regain their financial footing.

10 Most Romantic Valentine's Day Gifts for Your Love

Valentine's Day is a day to celebrate love and romance. If you're looking to spoil your significant other, here are 10 of the most romantic gifts to show them how much you care.

1. A surprise getaway. Plan a surprise trip to a romantic destination, whether it's a nearby city or a far-off location. Make the experience extra special by planning everything in advance and keeping the trip a secret until the last minute.

2. A personalized piece of jewelry. Get a piece of jewelry customized with your significant other's name or initials, or choose a piece that symbolizes your relationship.

3. A couples spa day. Treat your love to a day of relaxation and pampering with a couples spa day. Enjoy massages, facials, and other spa treatments together.

4. A candlelit dinner. Create a romantic atmosphere by lighting candles and cooking a special meal for your significant other. You can also hire a private chef or make reservations at a fancy restaurant.

5. A love letter. Write a heartfelt love letter to your significant other, expressing all of the reasons why you love them. You can even include photos or mementos from your relationship.

6. A sentimental gift. Give your significant other a sentimental gift, such as a photo album or a memory book filled with special moments from your relationship.

7. A romantic gesture. Plan a special romantic gesture, like a picnic in the park or a candlelit bath, to show your love.

8. A weekend getaway. Spend a romantic weekend away with your significant other, whether it's a cozy cabin in the woods or a beachfront resort.

9. A love song. Write a love song for your significant other and perform it on Valentine's Day.

10. A couples adventure. Plan a fun and adventurous day for the two of you, whether it's a hot air balloon ride or a wine tasting.

These gifts are sure to make your significant other feel loved and appreciated on Valentine's Day. Whether you choose a sentimental gift or a fun adventure, the most important thing is to spend quality time with the one you love.

Flowers for Valentine's Day

Flowers are a classic and timeless gift for Valentine's Day. Here are some popular options:

1. Roses: Red roses are a symbol of love and passion, but other colors such as pink, yellow, and white also have their own special meanings.

2. Tulips: Tulips symbolize happiness and love, making them a great choice for Valentine's Day.

3. Lilies: Lilies symbolize devotion, making them a sweet and sentimental choice for your special someone.

4. Carnations: Carnations are known for their long lasting blooms and are often considered a thoughtful and affordable option.

5. Sunflowers: Sunflowers symbolize adoration and are a cheerful and bright option for Valentine's Day.

It's always a good idea to include a personal note or message with the flowers to make them extra special. You can also choose to have the flowers arranged in a bouquet or vase, or delivered as a surprise to their workplace or home.

Here are some sample messages or personal notes that you can include with your flowers on Valentine's Day:

"Happy Valentine's Day to the love of my life. I'm grateful for every moment we share together."

"You make my heart skip a beat. I love you now and forever."

"Roses are red, violets are blue, I am so lucky to have a love like you."

"Thank you for being my partner in crime and making life an adventure. I love you."

"You light up my world like no one else. Happy Valentine's Day to my soulmate."

"Every day with you is a blessing. I love you more and more every day."

Passive Income Ideas for Millenials: Make Money While You Sleep

As a millennial, it's important to start planning for your financial future early. One way to do this is by building passive income streams, which can provide you with a steady flow of money without requiring a lot of effort. Here are some passive income ideas for millenials to consider:

1. Invest in stocks, bonds, or mutual funds: Investing in the stock market can be a great way to build passive income, especially if you have a long-term perspective. You can invest in individual stocks, bonds, or mutual funds through a brokerage account. While there are risks involved, over time, the stock market has tended to generate higher returns than savings accounts or bonds.

2. Rent out a room on Airbnb: If you have a spare room in your home, you can rent it out on Airbnb and earn passive income. This can be a great way to make money while you sleep, as the platform takes care of all the details, including booking and payment processing.

3. Invest in real estate: Real estate is another way to build passive income. You can invest in rental properties, or consider crowdfunding platforms, which allow you to invest in real estate projects with as little as $500.

4 Participate in affiliate marketing: Affiliate marketing is when you promote a product or service and receive a commission for any sales made through your unique referral link. This can be a great way to earn passive income if you have a website, blog, or social media following.

5. Create and sell an e-book: If you have expertise in a particular subject, you can write and sell an e-book on Amazon. This can be a great way to build passive income and share your knowledge with others.

6. Start a blog or YouTube channel: Blogging or creating YouTube videos can be a great way to build passive income if you have a passion for writing or creating content. You can monetize your blog or channel through advertising, sponsorships, or affiliate marketing.

These are just a few of the many ways to build passive income as a millennial. By starting early and investing in a variety of sources, you can create a solid foundation for your financial future.

As financial expert Dave Ramsey once said, "The key to becoming wealthy is living on less than you make and consistently investing the surplus." With the right strategies, passive income can help you make money while you sleep and achieve financial independence.

Surviving Inflation: A Guide to Budgeting

Inflation is a natural and ongoing economic phenomenon that affects the purchasing power of money over time. It occurs when the general price level of goods and services in an economy rises, reducing the value of money. Inflation can have a significant impact on your budget, making it more difficult to afford the things you need and want. To help you survive inflation, this guide provides practical tips and advice on how to budget effectively.

Understand Inflation and its Impact on Your Budget

Before you start making changes to your budget, it's important to understand the underlying causes of inflation and how it can affect your finances. Inflation is caused by a number of factors, including an increase in the money supply, higher demand for goods and services, and a decrease in the supply of goods and services. When inflation occurs, the prices of goods and services go up, reducing the purchasing power of money. Check this out >> What is Inflation: A Begginer's Guide

One of the biggest impacts of inflation on your budget is that it makes it more expensive to buy the things you need and want. For example, if the inflation rate is 2%, your money will only buy 98% of the goods and services it could have bought the previous year. This means that you have to spend more money to maintain your standard of living.

Create a Budget and Stick to it

One of the most effective ways to survive inflation is to create a budget and stick to it. A budget is a financial plan that outlines your expected income and expenses for a specified period of time. By creating a budget, you can see exactly how much money you have available to spend each month, and how much you need to save.

When creating your budget, be sure to include all of your monthly expenses, including housing, utilities, food, transportation, and entertainment. Be realistic about your spending habits and try to stick to your budget as much as possible. If you find that you are consistently overspending in one area, consider cutting back in other areas or finding ways to increase your income.

Save Money and Build an Emergency Fund

Saving money is another key strategy for surviving inflation. By putting money into savings each month, you can build an emergency fund that will help you cover unexpected expenses, such as medical bills or car repairs. Having an emergency fund will also give you a cushion if inflation causes your expenses to rise.

To start saving, consider setting up an automatic savings plan. Many banks and credit unions offer automatic savings plans that transfer a specified amount of money from your checking account into your savings account each month. This will help you save money without even thinking about it.

Invest in Inflation-Protected Securities

In addition to saving money, consider investing in inflation-protected securities, such as Treasury Inflation-Protected Securities (TIPS) or I Bonds. These types of securities are designed to help protect your money from the effects of inflation by adjusting the interest rate to reflect changes in the Consumer Price Index. By investing in inflation-protected securities, you can help ensure that your money will have the same purchasing power in the future as it does today.

What is Inflation? A Beginner's Guide

Inflation is a key economic concept that can have a significant impact on the value of your money and the purchasing power of your investments. In its simplest form, inflation is the rate at which the general level of prices for goods and services is rising, and the purchasing power of currency is falling. This means that over time, the same amount of money will buy fewer and fewer goods and services.

For many people, understanding inflation can be a challenge. It can be influenced by a variety of factors, including changes in supply and demand, interest rates, and government policies. In order to better understand inflation and how it affects your finances, it is important to have a solid understanding of the basics.

Fun Fact: In 1919, a loaf of bread cost approximately $0.10, but by 1920, the same loaf of bread cost $0.20 due to inflation caused by World War I.

Statistics: According to the Bureau of Labor Statistics, the average inflation rate in the United States over the past 100 years has been approximately 2% per year. This means that if you had $100 in 1920, it would be equivalent to $1,281 in 2020 dollars.

"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair." - Sam Ewing

"Inflation is the one form of taxation that can be imposed without legislation." - Milton Friedman, American economist

There are a variety of strategies that individuals can use to help protect themselves from the effects of inflation. For example, investing in assets that have the potential to increase in value, such as stocks or real estate, can help to preserve your purchasing power over time. Additionally, reducing your expenses and living within your means can help you to save more money, which can then be invested to help grow your wealth over time.

It is important to remember that inflation is a natural part of the economic cycle and that it can impact the value of your money and investments over time. By developing a strategy to beat inflation, you can help to protect your finances and ensure that you are able to maintain your standard of living over the long term.

Read these articles:

1. Beat inflation with these smart investing strategies

Beat Inflation with Smart Investment Strategies

Inflation is a reality that affects us all, and it can have a significant impact on your finances, especially if you don’t take the necessary steps to protect yourself. Inflation refers to the rise in prices of goods and services over time, and it erodes the purchasing power of your money. The good news is that there are several investment strategies that you can use to beat inflation and protect your wealth.

Before we delve into the strategies, let’s take a look at some statistics and facts about inflation. According to the Bureau of Labor Statistics, the average annual inflation rate in the United States over the past decade has been about 1.9%. While this may seem like a small number, it adds up over time, especially when compounded. For example, if you had $100,000 in the bank and inflation was 1.9% for 10 years, your money would only be worth approximately $90,850 in today's dollars.

Another important fact about inflation is that it affects different goods and services differently. For example, the price of healthcare and education has increased at a much faster rate than the overall inflation rate. This highlights the importance of diversifying your investments and not relying solely on traditional savings accounts.

Now that we’ve established the importance of beating inflation, let’s take a look at some smart investment strategies.

1. Invest in stocks: Stocks have historically provided higher returns than savings accounts, and they are a great way to beat inflation. The S&P 500, an index of 500 large companies, has delivered an average annual return of 10% over the past 90 years. This is significantly higher than the average inflation rate and can help you protect your wealth.

2. Diversify your portfolio: Diversifying your investments is key to protecting your wealth from inflation. You can achieve diversification by investing in a mix of stocks, bonds, real estate, and other assets. This will help you spread out your risk and potentially increase your returns.

3. Invest in real estate: Real estate has historically been a good hedge against inflation. When inflation rises, so do property values and rental income, which can provide a strong return on investment.

4. Consider inflation-linked bonds: Inflation-linked bonds, also known as TIPS, are bonds that are tied to the inflation rate. They provide a guaranteed return that is adjusted for inflation, which can help protect your purchasing power.

5. Consider commodities: Commodities, such as gold, silver, and oil, are often seen as a hedge against inflation. When inflation rises, the price of commodities usually increases as well, providing a potential return on investment.

Inflation is a reality that affects us all, and it’s important to take steps to protect your wealth. By investing in stocks, diversifying your portfolio, investing in real estate, considering inflation-linked bonds, and considering commodities, you can beat inflation and protect your purchasing power.

Remember, it’s always important to consult with a financial advisor before making any investment decisions, and to make sure you have a comprehensive financial plan in place. With the right strategy and approach, you can beat inflation and secure your financial future.

Read this:

1. What is Inflation: A Beginner's Guide

2. Surviving Inflation: Guide to Budgeting

Retirement Planning 101 for Millenials

As a millennial, you have the advantage of time on your side when it comes to retirement planning. However, it’s never too early to start thinking about your financial future and what you want your retirement to look like. In this article, we’ll explore some of the key elements of retirement planning for millenials and give you a solid starting point for building a secure financial future.

First, let’s talk about why retirement planning is important. Most people want to retire at some point in their lives, whether that’s in their 60s, 70s, or even 80s. But without a solid plan in place, you may find yourself struggling to make ends meet when you reach retirement age. To avoid this, it’s important to start planning for your future as early as possible.

The next step is to determine how much money you’ll need to have saved by the time you reach retirement age. A common rule of thumb is to aim for 80% of your current income. However, this number will vary depending on your lifestyle and what you want your retirement to look like. For example, if you plan on traveling the world or buying a second home, you’ll need more money saved than if you plan on staying at home and living a more modest lifestyle.

Once you have a goal in mind, it’s time to start saving. One of the best ways to save for retirement as a millennial is to take advantage of a 401(k) plan offered by your employer. If your employer offers a matching contribution, make sure to contribute enough to take full advantage of the match. Additionally, consider contributing to an IRA or a Roth IRA, both of which offer tax benefits and the ability to invest in a variety of assets.

Another important element of retirement planning is diversifying your investments. By spreading your money across a variety of investments, you can reduce your risk and increase your chances of success. Consider a mix of stocks, bonds, and mutual funds to create a well-diversified portfolio.

Finally, it’s important to review and adjust your retirement plan as your life changes. This could mean changing your savings goals, adjusting your investment strategy, or seeking the help of a financial advisor. Regularly reviewing your plan will help ensure that you stay on track and that your investments are aligned with your goals.

Safe to say, retirement planning is an important aspect of your financial future. By starting early, determining your goals, saving regularly, diversifying your investments, and regularly reviewing your plan, you can build a solid foundation for your retirement years. Don’t wait any longer to start planning for your future – take control of your finances today!

How much is nikah in Singapore

The cost of a Nikah (Islamic marriage ceremony) in Singapore varies and can depend on several factors, such as the venue, imam or marriage officiant fees, and any additional services or decorations. On average, the cost can range anywhere from several hundred to several thousand Singapore dollars. It's best to check with local Islamic organizations, mosques, or wedding planners for more specific pricing information. But a quick check shows nikah costing $250 and nikah with reception costing $750.

Nikah is an Islamic wedding ceremony that is performed to formalize a marriage in the Islamic tradition. In Singapore, Nikah ceremonies can be held at a mosque or other Islamic religious venues, and may be conducted by an imam or Islamic marriage official. The ceremony typically includes the exchange of vows and the signing of a marriage contract, and is considered an important aspect of Islamic culture and tradition. Couples planning to have a Nikah ceremony in Singapore should be aware of the country's marriage laws and regulations, which may require additional legal steps to be taken in order to make the marriage recognized by the government.

The length of a Nikah ceremony can vary, but it typically lasts for about 30 minutes to an hour. The length of the ceremony will depend on the specific traditions and customs followed by the couple, as well as the religious official conducting the ceremony. The Nikah ceremony typically involves the exchange of vows, the signing of the marriage contract, and other traditional rituals, such as the reading of prayers and the giving of gifts. Despite its brevity, the Nikah ceremony is an important and meaningful event in the lives of many Muslims, and is considered to be the official start of a new marital union.

Who is Ng Teng Fong

Ng Teng Fong was a Singaporean businessman and philanthropist. He was the founder of Far East Organization, which is one of the largest private property developers and landlords in Singapore. Ng Teng Fong was known for his real estate development projects and was dubbed "The King of Orchard Road" for building malls such as Far East Plaza and Lucky Plaza along the shopping belt in Singapore. He passed away in 2010, but his legacy and business continue through his sons, Robert and Philip Ng, who now run Far East Organization.

Far East Organization is one of the largest private property developers and landlords in Singapore. The company has a diverse portfolio of real estate assets, including residential properties, hotels, shopping centers, and offices. Far East Organization also operates a range of businesses in the hospitality, retail, and healthcare sectors. The company's real estate development projects have had a significant impact on the built environment in Singapore and have helped shape the city-state's urban landscape. Far East Organization is known for its quality and innovative projects, as well as its commitment to sustainable development.

Far East Organization has developed many notable real estate projects in Singapore, some of which include:

Residences: Far East Organization has developed a number of residential properties, including luxury condominiums, apartments, and landed houses, such as The Azalea, The Oceanfront, The Wharf Residence, and many others.

Hotels: Far East Organization has a portfolio of hotels, including the InterContinental Singapore, the Pan Pacific Singapore, the Mandarin Orchard Singapore, and others.

Shopping Centers: Far East Organization has developed several popular shopping centers in Singapore, including the Far East Plaza, Lucky Plaza, The Centrepoint, and others.

Offices: Far East Organization has developed a number of office buildings, including the Far East Finance Building, and Far East Square.

These are just a few examples of Far East Organization's notable property developments. The company has a long history of delivering quality and innovative real estate projects, and its developments have had a significant impact on the built environment in Singapore.

If you had invested $1000 in McDonald's

As of Feb. 1, CNBC's calculations show that if you invested $1,000 in McDonald's:

1 year ago, you would have $1,066
5 years ago, you would have $1,695
10 years ago, you would have $3,270

McDonald's operates primarily as a franchise-based business model, where the company owns and franchises its brand and properties, while franchisees are responsible for the day-to-day operations of individual restaurants. McDonald's generates revenue through franchise fees, rents, and sales in company-operated restaurants.

As of 2021, McDonald's market capitalization was around $165 billion, making it one of the largest and most valuable fast food chains in the world. The company's financial performance is highly dependent on consumer spending, economic conditions, and competition within the quick-service restaurant industry.

Who is Kwek Leng Beng

Kwek Leng Beng is a Singaporean billionaire businessman and the Executive Chairman of Hong Leong Group Singapore. He is also the Chairman of Millennium & Copthorne Hotels plc, a London-listed international hotel group. He is one of the richest people in Singapore, with a net worth estimated at several billion dollars. Kwek has been actively involved in the real estate and hotel industries for several decades and has made significant contributions to the development of both industries in Singapore and overseas.

Kwek Leng Beng holds several key positions in a number of companies and organizations. Here are some of his most notable positions:

Executive Chairman of Hong Leong Group Singapore

Chairman of Millennium & Copthorne Hotels plc

Director of City Developments Limited

Director of Hong Leong Finance Limited

Director of Hong Leong Asia Limited

Director of HL Food & Beverage Pte. Ltd

Chairman of HL Education Pte. Ltd.

Director of HL Technology & Investments Pte. Ltd.

Top Restaurants in Singapore for Valentine's Day

Singapore is known for its diverse and vibrant food scene, and there are many great restaurants to choose from for a romantic Valentine's Day dinner. Here are some of the top options:

Odette: Odette is a Michelin-starred restaurant located in the National Gallery Singapore, offering contemporary French cuisine and a stunning dining experience.
Les Amis: Les Amis is a well-regarded French restaurant that has been serving classic and contemporary dishes for over two decades.
Joel Robuchon Restaurant: Joel Robuchon Restaurant is a French fine-dining restaurant located in Marina Bay Sands, offering a unique dining experience and a stunning view of the city.
Sky on 57: Sky on 57 is a chic and stylish rooftop restaurant, offering panoramic views of the city and a menu of contemporary Asian cuisine.
CUT by Wolfgang Puck: CUT by Wolfgang Puck is a modern steakhouse located in Marina Bay Sands, offering high-quality meat, fresh seafood, and an extensive wine list.

These are just a few examples of popular restaurants in Singapore for a romantic Valentine's Day dinner. When making your reservation, be sure to consider the restaurant's ambiance, menu, and price range to find the best fit for you and your partner.

Jewellery Pieces Desired by Women

Jewellery preferences can vary widely among women, and it often depends on personal style and taste. However, here are some popular jewellery pieces that are widely desired by women:

Diamond Stud Earrings: Classic and timeless, diamond stud earrings are a staple for many women and are perfect for everyday wear or special occasions.
Necklaces: Necklaces come in a variety of styles, from simple and understated to bold and statement-making. Popular styles include pendant necklaces, pearl necklaces, and choker necklaces.
Rings: Rings are another versatile jewellery option that women love. From delicate stacking rings to bold cocktail rings, there is a style to suit every taste.
Bracelets: Bracelets come in a range of styles, from delicate chains to statement-making cuff bracelets. Women often choose bracelets that reflect their personal style and taste, including materials like gold, silver, or diamonds.
Anklets: Anklets are a fun and flirty jewellery piece that can be dressed up or down. They come in a range of styles, from simple chains to beaded designs.

Cookery - Sous Vide Machine

A sous vide machine is a kitchen appliance that is used to cook food in a precisely controlled water bath. The term "sous vide" is French for "under vacuum," and the cooking process involves sealing food in a vacuum-sealed bag and immersing it in a water bath that is maintained at a precisely controlled temperature.

The use of a sous vide machine allows for consistent and precise cooking results, as the temperature of the water bath is carefully maintained and the food is cooked evenly and gently. This method of cooking is particularly well-suited to delicate or complex dishes, and can produce results that are not possible with traditional cooking methods.

Sous vide machines can be used to cook a wide range of foods, including meats, vegetables, fruits, and even eggs. Some of the benefits of cooking with a sous vide machine include improved texture and flavor, as well as the ability to cook food to a perfect degree of doneness without the risk of overcooking.

Sous vide machines are available in a range of sizes and styles, from compact, handheld models that are ideal for home use to large, commercial-grade units that are designed for use in restaurants and other food service environments.

As of 2021, here are the top 3 sous vide machines, based on popularity and customer reviews:

1. Anova Culinary Sous Vide Precision Cooker: This compact and user-friendly sous vide machine is a popular choice among home cooks. It is easy to set up and use, and features precise temperature control and a powerful circulator that ensures even heating and cooking.

2. Joule Sous Vide by ChefSteps: This sleek and stylish sous vide machine is designed to be small and compact, making it a great option for those with limited kitchen space. It is also powerful, with a powerful heating element that can bring a pot of water up to temperature in just a few minutes.

3. Instant Pot Accu SV800 Sous Vide Immersion Circulator: This sous vide machine is made by the popular manufacturer of multi-cookers and is designed to be used in conjunction with Instant Pot's line of pressure cookers. It is an affordable and convenient option for those who already own an Instant Pot and are looking to add sous vide cooking to their repertoire.

These are just a few of the many sous vide machines available on the market. It is important to consider factors such as price, size, and features when choosing the right sous vide machine for your needs.

Here are some estimated prices for the top 3 sous vide machines as of 2021:

Anova Culinary Sous Vide Precision Cooker: Prices start at around $149 for the Anova Culinary Sous Vide Precision Cooker.

Joule Sous Vide by ChefSteps: The Joule Sous Vide by ChefSteps starts at around $199.

Instant Pot Accu SV800 Sous Vide Immersion Circulator: The Instant Pot Accu SV800 Sous Vide Immersion Circulator starts at around $99.

Popular Smartwatches

There are several popular smartwatches that are widely used and well-received by consumers. Here are some of the most popular brands:

Apple Watch
Samsung Galaxy Watch
Fitbit
Garmin
Fossil

These smartwatches offer a range of features, including fitness tracking, mobile payments, message and call notifications, and more. They are designed to be stylish and functional, making them a popular choice for tech-savvy consumers.

The concept of smartwatches has been around for many decades, but the first commercially available smartwatch was the Pebble, which was released in 2013. This was followed by the release of several other smartwatches, including the Samsung Galaxy Gear, the Apple Watch, and the Fitbit Blaze.

These early smartwatches were relatively basic, with features that focused mainly on fitness tracking and message notifications. However, over time, smartwatches have evolved to offer a wider range of features, including mobile payments, voice assistants, and more.

Smartwatches continue to evolve and advance, with new models and features being introduced regularly. Here are some of the latest developments in the smartwatch market:

1. Health and Fitness Tracking: Smartwatches are becoming increasingly sophisticated when it comes to tracking health and fitness metrics, with more advanced sensors, such as ECG and blood oxygen monitors, being added to newer models.

2. Increased Battery Life: One of the biggest challenges with early smartwatches was their limited battery life. However, recent advancements in battery technology have led to longer-lasting batteries, making it possible to use smartwatches for extended periods without needing to recharge.

3. 5G Connectivity: Some newer smartwatches now offer 5G connectivity, which can provide faster and more reliable data transmission and make it possible to use the watch for more data-intensive activities, such as streaming music or videos.

4. Customizable Watch Faces: Smartwatches are now more customizable than ever, with a wider range of watch faces and bands available to match different personal styles.

5. Integration with Virtual Assistants: Many smartwatches now offer integration with virtual assistants, such as Siri and Google Assistant, making it easier to interact with the watch and access information hands-free.

These are just a few examples of the latest developments in smartwatches. As technology continues to advance, it's likely that smartwatches will continue to evolve and become even more sophisticated and functional in the years to come.

Own a smartwatch? Share your review in the comments section below.

Popular headphone sets to buy as gifts

Here are some popular headphones that make great gifts:

Apple AirPods Pro: These wireless earbuds offer excellent sound quality, noise cancellation, and a comfortable fit.
Sony WH-1000XM4: These over-ear headphones offer industry-leading noise cancellation and excellent sound quality.
Bose QuietComfort 35 II: These over-ear headphones are known for their exceptional noise cancellation and comfortable fit.
Sennheiser Momentum Wireless: These over-ear headphones offer high-quality sound and a stylish design.
Beats Solo Pro: These on-ear headphones have a sleek design and powerful bass response, making them popular for casual listening.
Jabra Elite 75t: These compact wireless earbuds offer great sound quality and a comfortable fit for on-the-go listening.
JBL Free X: These wireless earbuds are water-resistant and have a long battery life, making them a great choice for active listeners.
Marshall Mid Wireless: These on-ear headphones have a retro design and deliver powerful sound, making them a popular choice for music lovers.
Skullcandy Indy Fuel: These wireless earbuds are designed for sport and fitness, offering a secure fit and sweat resistance.
Anker Soundcore Life Q20: These over-ear headphones offer excellent sound quality and 40-hour battery life at an affordable price.

These are some of the most popular headphones that make great gifts for any occasion. Consider the recipient's preferences and needs when choosing a pair of headphones to ensure that they will love and use them.

Gift Ideas for Tech Savvy women

Here are some gadgets that tech-savvy women may enjoy:

Smartphone: A new smartphone with the latest features, such as a high-resolution camera and long battery life, is always a popular choice.
Smartwatch: A smartwatch is a convenient and stylish way to stay connected and track fitness goals.
Headphones: A pair of high-quality headphones with noise-cancelling technology and wireless connectivity is ideal for on-the-go listening. Check this out >> Popular headphone sets for gifts.
Portable charger: A compact and powerful portable charger is essential for staying connected when on the go.
Fitness tracker: A fitness tracker can help track steps, monitor sleep, and motivate users to stay active.
Wireless earbuds: Wireless earbuds offer convenient and discreet listening for music, calls, and more.
Tablet: A tablet with a large screen and fast processor is great for reading, streaming, and browsing the web.
Bluetooth speaker: A portable Bluetooth speaker is perfect for listening to music and podcasts at home or on the go.
Home security system: A smart home security system with features like remote monitoring and video surveillance is a practical and convenient gift.
Virtual assistant: A smart speaker with a virtual assistant, like Amazon's Alexa or Google Home, can control smart home devices and provide helpful information.
E-reader: An e-reader, such as Kindle or Nook, is a great choice for avid readers who want to have their books in a lightweight and portable format.
Gaming console: For the gamer in your life, a gaming console, such as a PlayStation or Xbox, offers endless hours of entertainment.

These are just a few examples of gadgets that tech-savvy women may enjoy. Consider the recipient's interests and needs when choosing a gift to ensure that she will love and use it.

Valentine's Day Gift Ideas for Women

Here are 12 Valentine's Day gift ideas for women:

1. Jewelry: A beautiful piece of jewelry, such as a necklace, bracelet, or pair of earrings, is a timeless and romantic gift.

2. Flowers and chocolates: A bouquet of flowers and a box of chocolates are classic gifts that never go out of style.

3. Spa day: Give the gift of relaxation with a spa day package, including a massage, facial, and pedicure.

4. Perfume: A new fragrance is a personal and luxurious gift that will make her feel pampered and special.

5. Fashion accessories: Consider a new handbag, scarf, or pair of shoes to add a touch of style to her wardrobe.

6. Cooking or baking classes: For the foodie in your life, a cooking or baking class is a fun and interactive gift.

7. Personalized stationery: A set of personalized note cards or a monogrammed journal is a thoughtful and practical gift.

8. Books: Give the gift of knowledge and entertainment with a hardcover book or set of books on a topic of interest.

9. Art: A piece of original art or a limited-edition print is a unique and meaningful gift.

10.Fitness equipment: Give the gift of good health with a new gym membership, exercise equipment, or a personal training session.

11. Experiences: Give the gift of memories with a concert or theater tickets, a cooking or wine tasting class, or a weekend getaway.

12. Tech gadgets: Consider a new tablet, e-reader, or smartwatch for the tech-savvy woman in your life. Check out >> Gift ideas for tech-savvy women.

These are just a few ideas for Valentine's Day gifts for women. Choose a gift that speaks to the recipient's interests and personality, and show your love and appreciation for her on this special day.

Check out this post if you are looking for gift ideas for men instead.

Looking for a place to celebrate Valentine's Day? Check this out >> Top restaurants in Singapore for Valentine's Day.

Valentine's Day Gift Ideas for Men

Here are 12 Valentine's Day gift ideas for men:

1. Tech gadgets: Consider a new smartphone, tablet, or smartwatch for the tech-savvy man in your life.

2. Leather goods: A leather wallet, passport cover, or messenger bag are practical and stylish gifts for men.

3. Grooming kits: Help the man in your life look his best with a grooming kit that includes a razor, shaving cream, and aftershave.

4. Sports gear: For the sports-loving man, consider a new golf club, tennis racket, or basketball.

5. Personalized jewelry: A customized bracelet, watch, or pair of cufflinks is a sentimental and meaningful gift.

6. Books: Give the gift of knowledge and entertainment with a hardcover book or set of books on a topic of interest. If he is interested in personal finance, some of the top personal finance / investment books might be an option.

7. Whiskey or wine accessories: For the man who enjoys a drink, consider a whiskey decanter, wine aerator, or set of whiskey glasses.

8. Headphones or speakers: Give the gift of high-quality sound with a new pair of headphones or a portable Bluetooth speaker. Check this out >> Popular headphone sets for gifts.

9. Cooking gear: For the man who loves to cook, consider a new kitchen appliance, such as a sous vide machine, or a set of knives.

10. Outdoor gear: Help the man in your life enjoy the great outdoors with a new camping or hiking gear.

11. Fitness equipment: Give the gift of good health with a new gym membership, exercise equipment, or a personal training session.

12. Experiences: Give the gift of memories with a concert or sports event tickets, a cooking or wine tasting class, or a weekend getaway.

These are just a few ideas for Valentine's Day gifts for men. Choose a gift that speaks to the recipient's interests and personality, and show your love and appreciation for him on this special day.

Check out this post if you are looking for gift ideas for women instead.

Credit Bureau and Credit Reports in Singapore

A credit bureau in Singapore is an organization that maintains and provides credit information on individuals and businesses to lenders and other financial institutions. The credit information includes credit history, payment behavior, and outstanding debts, among others.

The main credit bureau in Singapore is the Credit Bureau Singapore (CBS), which was established in 2002 by the Monetary Authority of Singapore (MAS). CBS collects and maintains credit information on individuals and businesses, and provides credit reports to financial institutions to help them make informed credit decisions.

Credit reports from CBS can also be obtained by individuals and businesses, who can use them to understand their credit standing, identify errors in their credit information, and make informed decisions about their finances.

In addition to CBS, there are other credit bureaus in Singapore that provide credit information and credit reports, such as Experian and Equifax. These credit bureaus operate under the regulations and guidelines set by the MAS.

Getting a credit report from Credit Bureau Singapore (CBS) is a simple and straightforward process. Here are the steps to obtain a credit report from CBS:

1. Visit the CBS website: You can access the CBS website at www.creditbureau.com.sg.

2. Request a credit report: On the CBS website, you can request a credit report by clicking on the "Individual Credit Report" or "Business Credit Report" link.

3. Fill out the online form: You will need to provide personal information, such as your name, identification number, and contact details. For business credit reports, you will need to provide the business name, UEN number, and contact details.

4. Verify your identity: CBS may verify your identity through an electronic authentication process or by requesting additional information from you.

5. Pay the fee: CBS charges a fee for credit reports, which can be paid online using a credit or debit card.

6. Receive your credit report: CBS will generate your credit report and make it available for you to download and review.

Alternatively, if one were to apply for a new credit facility with a bank, the CBS will typically have a free report available for you to check (30 days within application).

It is important to regularly check your credit report to ensure that the information is accurate and up-to-date. If you find any errors in your credit report, you can dispute the information with CBS.

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