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I achieved financial freedom at age 38 despite not being taught much about money from my schools or family.

I share all the financial literacy I have learnt in the last 15 years of working as a Singaporean and the financial mistakes I made that you should avoid.

1:01 My 4 Financial Principles
1:11 The 3 Financial Stages Of Our Lives
2:40 You cannot get rich by renting out your time
3:35 You cannot out-earn your bad money habits
4:08 Money is a game and anyone can get better at it
5:23 The 4 SG Money Personalities
7:38 Your Job is your #1 Weapon
8:23 Biggest job mistake of Singaporeans
8:51 Is MBA worth it in SG?
11:19 3 categories of Investments
12:23 My own investment portfolio
15:37 Passive income is not passive
17:45 Defense Strategies
18:21 Everyone hates Budgeting
20:08 Savings wont save you
22:26 Singaporeans saves too much
25:31 Why I don’t buy ILP
26:12 The insurance I bought
26:33 Investments
28:04 Good debt vs bad debt
29:13 Credit Cards
30:19 Pay off loans of start investing?
31:08 Scams & Get Rich Quick Schemes
32:35 Housing
33:30 Lifestyle Inflation
34:21 Taxes

👉WATCH THESE NEXT:
10 Ways Singapore helped me achieve financial freedom ($2M at 38)

👨‍💻Who am I?
Hello I’m Shao! I am an ex-Googler who has achieved financial freedom simply by working at my 9 to 5 job. I believe anyone working 9 to 5 can achieve a rich and fulfilling life.
And on this channel we explore the mindset, career skills and lifestyle designs to become financially free with a 9 to 5 job.
I am committed to share with you my authentic self and create original content. No fluff, no shortcuts, no BS.

☕️ BE MY FRIEND
https://www.linkedin.com/in/shaochunchen/

#financialliteracy #money #Singapore #investing #Moomoo

Moomoo Singapore is the sponsor of this content. Shao Chun is not licensed to provide financial advisory services in Singapore. This content is for informational purposes only, does not constitute financial advice, and reflects Shao Chun’s independent opinion. Please conduct your own research and invest according to your personal risk tolerance. This advertisement has not been reviewed by the Monetary Authority of Singapore

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So what’s with those small, plastic cards that adults use to buy stuff? In Financial Literacy—Debit and Credit, your students will discover the answer to that question. They will also realize that credit cards and debit cards are different, and each one can be helpful in different ways.

Credit cards and debit cards are both small, hard, plastic cards. But apart from that, they are quite difference. Credit cards, for instance, are not linked to a bank account, but debit cards are. That means you can use debit cards to pay for things with money you already have. Generally speaking, a debit card is directly linked to a checking account. Credit cards use money that is loaned. You can use it to buy something and pay for it later.

Credit card companies issue credit cards, and it’s like a type of loan. You can pay back the loan according to the credit company’s schedule. You usually have to make a minimum payment each month to reduce your debt. They can also charge interest if it takes you longer to pay the money back or if you don’t pay the full amount back every month. However, if you pay your credit card bills in full every month, you won’t be charged any interest.

We hope you and your student(s) enjoyed learning about these important skills! If you want even more information, head over to our website and download one of our many free lesson plans, full of activities, worksheets, and more!

Financial Literacy: Debit or Credit Cards

Financial Literacy: Introduction

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What you will learn in Financial Literacy—Debit and Credit:
0:00 Introduction
1:11 Difference between debit and credit cards
2:11 How credit cards work
3:04 Example with Frankie Finance—credit card
4:13 Example—debit card

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#FinancialLiteracy
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