Seedly Personal Finance Festival (Highlights): Turning Personal Finance Into A Party
 
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Seedly Personal Finance Festival (Highlights): Turning Personal Finance Into A Party

Ming Feng
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What went down at Seedly Personal Finance Festival 2019?

Seedly Personal Finance Festival 2019 Highlights

We’re probably late to the coverage of Seedly Personal Finance Festival 2019, seeing how so many of the community members have written about their own experiences. Besides catching up on sleep, the team is still blown away by the overwhelming support that was showered upon us during the festival.

The Seedly Team cannot thank you guys enough, and we hope that the festival was fun and useful for you.

Seedly Personal Finance Festival 2019 audience

The idea behind Seedly Personal Finance Festival

The idea behind the festival is simple. It is imperative that millennials see the importance of personal finance, and that personal finance knowledge was to be delivered in a way that best suited them.

Millennials are a unique bunch. Here’s why:

  • We are constantly targetted by advertisements digitally, every day
  • Millennials have a short attention span
  • Yet we are armed with the ability to absorb information instantaneously
  • We love quick actionable checklists but hate coming up with one.
  • We are into COOL THINGS
  • Life’s a party for us

We also seek to approach Personal Finance with a mix of old-school and new styles. A combination of lessons learnt from past speakers who have been there done that, coupled with possible new technologies and a new style in which information is delivered.

Seedly Personal Finance Festival Goodie Bag

We put that old school reminder into the design of our collateral!

Highlights of Seedly Personal Finance Festival 2019

If you have yet to kick start your personal finance journey, there is no better time than NOW!

A man is sitting in the shade today because he planted a Seed many years ago.

 

The festival kicked-off with Kenneth Lou, Co-founder of Seedly, bringing the attendees through the Seedly Money framework.

The objectives are clean and simple: That one should be able to confidently start doing any of the 5 to-dos in the money framework stated below:New year resolution for personal finance 2019


Kicking Start Your Journey To Financial Freedom – Dawn Fiona, SGBudgetBabe

Dawn Fiona, Editor of SGBudgetBabe, shared with the audience on how she managed to save $20,000 in a year.

For fresh graduates, this tiny step-by-step guide on budgeting might just be the way to get the ball rolling on your budgeting journey.

SGBudgetbabe saves $20,000 in a year

  • Pay yourself first
  • Open separate bank accounts to better segment your salary. (This method works best for spendthrifts and shopaholics)
  • Track all your expenses, using the Seedly App of course.
  • Eat cheap
  • Make your own morning coffee! Say no to snacks and bubble tea!
  • Think utility, not price.
  • Make full use of credit card promotions (again, if you have little self-discipline, you might want to relook this)

Insurance: Cut The Fluff – Christopher Tan, MoneyOwl

One of the more important slides which Christopher Tan talked about is knowing the type of insurance you should be getting.

By identifying what you really need, you can look past the possible fluff which your agent might be trying to sell him.

What insurance should we buy

How To Win The CPF Game – Loo Cheng Chuan, Founder 1M65

While most Singaporeans under the influence of social media harbour a certain degree of negativity towards the concept of CPF, this segment of the event gave new insight to how one can strategically get $1 million in his CPF by the age of 65, as did Loo and his wife themselves did.

Unlike popular beliefs, 1M65 is a strong supporter of not withdrawing from your CPF when possible. He believes that education needs to start young and that millennials need to view CPF as a money making tool.

Below are the 4 main pointers from his session.

  • Internalise the power of compounding
  • Always build a safe financial safety net before taking risks
  • Be thrifty
  • Pay the price to be rich!

Panel: Making Smarter Personal Finance Decisions for Noobs

Seedly personal finance festival panel 1

In the first panel, we discussed the various ways to make smarter personal finance decisions. Panel speakers Christopher Tan and Loo Cheng Chuan divulged some valuable insights with the attendees.

  • Christopher Tan (Executive Director of MoneyOwl)
  • Loo Cheng Chuan (1M65)

The panel was moderated by Cherie Tan from Seedly.

Here are some questions that were asked and answered during the panel on our QnA platform:

Panel 2: How Should I Invest A Percentage of My Monthly Salary?

We resumed the second half of the day with another panel, just to get the food coma out of the way.

Seedly Personal Finance Festival Panel 2

Want to invest but not sure how to? Our panel speakers shared the various methods you may choose to invest with your salary.

  • Vikas Jain (Senior Director of Funding Societies)
  • Ow Tai Zhi (Co-founder of AutoWealth Singapore)

This panel was moderated by Kenneth Lou from Seedly.

Here are some questions that were asked and answered during the panel on our QnA platform:

A step-by-step guide to picking your first winning stock – Alvin Chow, DrWealth

Alvin may have revealed a company that might be worth investing during his session – but a huge chunk of his session boiled down to one very important formula which can help investors pick a possible first winning stock.

Seedly personal finance festival - Alvin chow

For investors who have done their due diligence: if you think that the Net-Net method makes a lot of sense, here it is!

How To Identify The Right Time To Buy Or Sell? – Joel Sim, MrFinanceSavy

Personally, was really hesitant about touching on Technical Analysis (TA) for this festival. This was due to a few concerns.

  • Is TA suitable for new investors?
  • Everybody thinks they can trade, but few actually can.

Despite these concerns, Technical Analysis is definitely something investors will come across sooner or later. And of course, the sooner the education comes along, the better.

Seedly Personal Finance Festival - Joel Sim

Crazy jargon aside, Joel managed to take apart complicated concepts into very layman ones. Uptrend, Sideways, Downtrend.

Short, Sweet, Simple, Seedly!

Building Your Passive Income (Shake Leg, Collect Money) – Victor Chng, The Fifthperson

Shake leg and collect money. Sounds like the ultimate Singapore dream hor?

Seedly Personal Finance 2019 - The fifthperson, Victor Chng

Here are 3 criteria to choose an income stock:

  • How consistent is the dividend?
  • Sustainability of dividend
  • What is the business model of the company?

Panel: Hacks And Tips To Successful Investing

Seedly personal finance festival panel 3

In this third panel, we discussed some hacks and useful tips for successful investing. Our panel speakers revealed several tips and tricks in this session.

  • Joel Sim (founder of Mr Finance Savvy and has over 10 years of trading experience)
  • Alvin Chow (CEO of DrWealth who developed the Factor Based Investing CNAV strategy)
  • Victor Chng (is an equity investor and co-founder of The Fifth Person)

This panel was moderated by Ming Feng from Seedly.

Here are some questions that were asked and answered during the panel on our QnA platform:

Financial Independence At A Young Age Is Not A Dream! – Christopher Ng, Trees of Prosperity

Christopher took the stage and immediately crushed the dreams of many millennials. But with good reason.

Seedly personal finance festival Christopher ng

That was before he painted them a NEW Singaporean dream and a more realistic one at that.

Seedly personal finance festival Christopher Ng

  • The ultimate goal of investing is to cope with unforeseen problems Millennials face as they reach middle age.
  • You can retire early if you build up your financial knowledge, find ways to earn more, spend less and invest better.
  • The surest way to retire early: focus on mastering passive income. Do this by creating your first brick that produces $100 passive income every month.

QnA with Christopher Ng and SG Budget Babe

Seedly Personal Finance

In this fourth panel, we had a QnA session with Christopher Ng and SG Budget Babe. Sick of working every day? Want to retire early? If that is you, Christopher Ng and SG Budget Babe shared two very varying experiences based on their own life.

  • Christopher Ng (author of Growing Your Tree of Prosperity)
  • Dawn Fiona (is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45)

This Q&A was moderated by Kenneth Fong from Seedly.

Here are some questions that were asked and answered during the panel on our QnA platform:


Seedly Personal Finance Festival

The ultimate question to throw back at the attendees of the event will be, “Are you going to take action from what you’ve learnt?”.

To the Seedly Personal Finance Community, thank you for riding on this personal finance journey with us. Let us all grow together as one from this point on!

See you at the next one! 😉

Follow our Seedly communities, be active, and win a 3D2N All-Expense-Paid Trip to Bali for 2!

About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
You can contribute your thoughts like Ming Feng here.

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