2008 August Archive at MoneyTree AsiaPac - Developing Tomorrow’s Financial Geniuses

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MoneyTree Singapore in Partnership with Global Entrepreneurship Week 17-23 Nov

Published on August 25, 2008 in Update. 0 Comments

| 17 – 23 November 2008 | www.entrepreneurshipweeksg.org |

Global Entrepreneurship Week is a celebration of innovation, entrepreneurship and creativity. The Week will bring together millions of young people across the globe through online and local activities and encourage them to think innovatively and unleash their ideas. Through a coordinated effort with many different countries, during one week every year, the world will celebrate the entrepreneurial spirit in hopes of inspiring a new generation of young entrepreneurs.NUS Enterprise and Action Community for Entrepreneurship (ACE) are proud and excited to jointly host the Global Entrepreneurship Week in Singapore in 17-23 Nov 2008. There will be a lineup of activties and events to engage the whole nation in entrepreneurial aspirations.

Please stay tuned for more updates coming up! You may check out the global website here:

Objectives

Global Entrepreneurship Week will seek to:

Inspire millions of young people under the age of 30 to be enterprising – to turn their ideas into reality
Network young people across national boundaries
Enlist active and inspirational entrepreneurs around the world to coach and mentor the next generation of enterprise talent as they pursue their entrepreneurial dreams
Demonstrate that the drive to nurture enterprising talent needs business, education, government, voluntary organisations and the media to work together – no single sector or organisation working in isolation can create opportunities on this ambitious scale
Inform thought leaders and policy makers that entrepreneurialism is central to a nation’s economic well-being and culture and to provide different nations with the opportunity to learn from each other on entrepreneurial policy and practice.

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Greeting From MoneyTree Singapore

Published on August 20, 2008 in Update. 0 Comments

Hi,

It have been quite a while since we send out updates on MoneyTree Singapore. It have been busy & fruitful for the past 2 months as we made wonderful progress.

Just in case you miss some of the actions, below are the news featured in the various newspaper.

MoneyTree Singapore on Sunday Times - Starting Kids On Managing Money (17 August 2008)
MoneyTree Student win Gold in SAGE World Cup Featured in The New Paper (4 August 2008)
MoneyTree Singapore on SUNDAY TIMES - INVEST: Me & My Money (27 July 2008)

If you are a parent and you have kids at the age of 9 to 18, you might want to consider sending your kids to our programme.

If you are someone who are looking at earning some extra income, you might want to consider to be one of our education consultant. The choice is yours.

Hit the reply button to share with me your thoughts & I might be able to shear some light with you.

We have a series of MoneyTree Workshops in place andyou might just want to come to take a look to see which fit you better.

That’s all for now…
Hope to hear from you soon.
Thanks & regards,
Ryan Soh

PS. Latest Articles

a) MoneyTree Singapore on Sunday Times - Starting Kids On Managing Money (17 August 2008)
b) MoneyTree Student win Gold in SAGE World Cup Featured in The New Paper (4 August 2008)
c) MoneyTree Singapore on SUNDAY TIMES - INVEST: Me & My Money (27 July 2008)

c) MoneyTree Singapore on 938LIVE - The Living Room
d)The Sunday Times - Under 30 and $50,000 in Debt
e) What’s Up - Singapore Newspaper for Students

P.P.S: Check out the latest happenings in WCIT2008.
a) MoneyTree Students being Interviewed at WCIT 2008
b) MoneyTree Singapore on The Straits Times & Wan Bao
c) 20080520 MoneyTree Singapore Graduates Win Singapore 1st SAGE National Competition

P.P.P.S: Below are some Important Links you should take a look.
a) MoneyTree Singapore on Channel NewsAsia
b) MoneyTree Testimonials - Picture Speaks Louder than Words.
c) MoneyTree Singapore Team Beat 24 Others!

Mission

To Help Young & Business-minded people to
Start Off their Dream on a Practical Note.

Say “YES” to Your Financial Future

Get Equipped with the RIGHT Financial Knowledge NOW!

Ryan Soh
Marketing Director
Sales & Marketing Division

Young Entrepreneurs’ Secrets (S) Pte Ltd
YES - MoneyTree Singapore

158B Rochor Road (S) 188433
(T): 6338 5635 (F): 6338 2530
Website: www.MoneyTree.Sg

Singapore, Malaysia, Hong Kong

“Say YES to Your Financial Future!”

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What Not to Do When Planning Your Retirement

Published on August 20, 2008 in Library. 0 Comments

What not to do when planning your retirement

Retirement was the buzzword at the recent Silver Industry Conference and Exhibition, which examined what can be done for your finances then. Lorna Tan looks at the eight mistakes to avoid when planning for your golden years.

RETIREMENT planning is not a topic that gets the heart beating faster, and sadly it is all too clear that Singaporeans do not want much to do with it.

However, with 20 per cent of the population expected to be over 65 by 2030, it is equally clear that people here need to start planning early for their golden years.

No one can claim they have not been reminded of the need to start planning as such wake-up calls are constantly aired in Singapore.

And it is not as though Singaporeans lack financial options. Many of these were outlined at the recent Silver Industry Conference and Exhibition (Sicex) at Suntec City.

The event explored opportunities for an ageing Asia and tackled issues like how to make financial plans for a long life.

It was apt that the inaugural event was held in Singapore, given the urgency of the problem facing Singaporeans.

An annual AXA survey found that Singaporeans lagged behind Americans in retirement preparation, with only about half of the working people in the Republic preparing for the time when they would have to stop working. Those who do start planning, do so at an average age of 34.

In the United States, 79 per ……

It is all easier said than done, so take note of these eight mistakes to avoid:

1. Not writing out goals or defining your dreams

2. Not understanding where you are at

3. Not understanding how to manage expenses

4. Not investing for the long term

5. Not factoring in accurate assumptions

6. Not managing your risks

7. Not reviewing your financial plan periodically

8. Not identifying the right financial adviser

Lorna Tan
Sun, Jan 20, 2008
The Sunday Times

Click here to see FULL article.

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12 tips for managing your parents’ finances

Published on August 19, 2008 in Library. 0 Comments

12 tips for managing your parents’ finances

MOST of us are reluctant to bring up the subject of financial planning with our parents, and sometimes put it off until they have become incapacitated or squandered their savings.

‘By that time, actions are often taken under very stressful conditions without the benefit of thoughtful, detailed, clear decisions that could have been made had the subject been broached at an earlier time,’ said Mr Goh Yang Chye, the managing director of GYC Financial Advisory.

By discussing these issues with our parents early, we can enjoy greater peace of mind.

1. Living expenses

2. Medical history

3. Medical fund

4. Annuities

5. Long-term care

6. Investment portfolio

7. Sublet parents’ home

8. Downgrade or live with children

9. Power of attorney

10. Will

11. Legal documents

12. Estate planning

Lorna Tan

Article is taken from ” How much to give mum and dad” by Lorna Tan

Full article can be found in the link above.

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MoneyTree Singapore on Sunday Times - Starting Kids On Managing Money

Published on August 18, 2008 in Media, News and Newspaper. 6 Comments

Sunday TimesStarting Kids On Managing Money

I would be devastated if my kids became bankrupts through bad money management

By Lorna Tan, Finance Correspondent

My son was nine when he popped this question: ‘Who gets the house when you and Dad pass away, Mum?’The Sunday Times Online => Click Here AsiaOne: Just Woman => Click Here

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MoneyTree Workshop

Published on August 5, 2008 in Events. 0 Comments

MoneyTree Workshop

Event : MoneyTree Workshop
- Parenting Workshop - “How to develop Financial Savvy Kids?”
- Trial Classes for Kids (9 to 18 years old)

Date : 15 Aug 2008
Time : 7.30pm – 9.30pm
Registration : 7.00pm

Venue
ERC Institute Pte Ltd
341 & 343, River Valley Road
Singapore 238382
ERC Main Campus, Level 1 Room De Light

Click here to see map

If you drive: Carpark is available in the Campus.

If you take public transport: Bus services are as follows:

Bus Stop #1 : Code (13079) :
Service Available - 32, 54, 139, 195

Bus Stop #2 : Code (13071)
Service Available - 32, 54, 139, 195

Bus Stop #3 : Code (13139)
Service Available - 5, 16, 195

Registration is Based on First-Come-First-Served Basic.
Limited Seats & Filling Fast!

Act Now to Avoid Disappointment

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About

MoneyTree Road Map

MoneyTree offers 6 different levels of workshop, Basic, Junior 1 , Junior 2, Apprentice 1, Apprentice 2 & Entrepreneur. Each level is focused on different aspects of Financial Management. […]

Our Programmes

The MoneyTree programme is divided into several products: Face to Face Camps, E-Learning Courses, Portal, Young Entrepreneurs’ Start Up programme (Y.E.S.)

The Principle & The Story Behind

We aim to prepare kids and adults for a challenging financial future - where loans and credit cards are easily available, and being in debt for a good part of life is an accepted norm. We plan to achieve this through the use of face to face sessions, simulations, an online follow up programme and e-learning courses - to ensure that the principles taught are understood & practiced.