Thursday, 16 August 2018

Art of Rejection

Have you ever been rejected when you asked for something? I am definitely sure that it has happen before. I used to be a really really shy girl when I was young. I would avoid all eye contact or conversations needed. Even going up to a cashier to buy stuff would make me worried that I screw up what I was about to say.




Things started getting a bit better when I went to polytechnic. It was when I was exposed to a whole new environment. I learned that to get what I needed, I need to say it out. With presentations and events building up, I had to open up more. However, I was still shy, shy to ask for things and to ask for help. I remember coming from a no chemistry background and my first year in polytechnic was tough because most of the modules were chemistry.

I remembered asking my care person for help telling her that I had difficulties coping with the modules and I actually broke down in front of her. I think at that time I was just so scared of failing. Eventually she helped me with my studies and I managed to get through all my chemistry modules with a decent mark.




What would have happened if I didn’t ask my careperson for help? Asking has its benefits and you really just never know what you can get if you just ask. Even though I know that, I’m still trying to adjust myself to become someone who ask and of course, to think before you ask. Below is a short video that I really think is very helpful in showing how asking can get you things.


BREAKING OUT OF YOUR COMFORT ZONE

You never know till you try, I think most people (including me) are afraid to ask because we are too scared of how people would judge us or view us and whether are we even competent to be asking. So we just sit back and face our own doubts. Breaking out of your comfort zone and taking the first step is always tough! 


Thursday, 9 August 2018

An Extra $660 After 3 Years

1st August 2018 is when GREAT220, a savings plan from Great Eastern is being released. My mum has been wanting to sign up for it since it's previous editions like GREAT205 which was released in March 2018. However, the demand was so high that my mum had no chance to sign up for it.

Read more: Savings Plan Yes or No

GREAT205 which was released on Mar 2018 had an interest rate of 2.05%. GREAT220 has a higher interest of 2.20%. My mum got to know about this because her friends were all talking about it. Most of her friends have allocated funds to the previous plans.




My mum has a SRS account and some money in there. So when she came across this promotion that her friend told her about, she decided to put her money inside. The minimum investment sum for GREAT220 is $10 000. So let's say she place $10 000 inside, with an interest rate of 2.20% per annum for 3 years, she would get $220 interest per year and for 3 years, $660.

The amount might seem low for investors who invest in other products but because my mum throughout her life have been exposed to fixed deposits by banks and savings plans so this promotion for her is rather great. I do encourage her to use her SRS funds because if they were just lying there, they would only earn her a meagre interest of 0.05% per annum. Meaning if she had the $10 000 in her SRS account for the next 3 years she would earn a total of $15. Comparing $660 to $15, definitely my mum would be happier with an extra $645 since the funds in SRS are also 'locked'.




Happy National Day, it was great walking along the streets today and seeing so many people wearing red and white. Wishing Singapore a prosperous future and great years ahead!

To read more about GREAT220

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