1 00:00:00,009 --> 00:00:02,339 Speaker 1: You're listening to a CNA podcast. 2 00:00:03,740 --> 00:00:05,449 Speaker 1: Do you know how much your partner earns 3 00:00:06,869 --> 00:00:11,310 Speaker 1: home loans, equal split or based on income level, based 4 00:00:11,340 --> 00:00:16,569 Speaker 1: on income? You look at each other and got to 5 00:00:16,579 --> 00:00:20,129 Speaker 1: be faster. Ok, a branded bag or you know, a 6 00:00:20,139 --> 00:00:23,530 Speaker 1: luxury item, a watch after a bonus. Do you tell 7 00:00:23,540 --> 00:00:27,879 Speaker 1: your partner after the purchase before? Even when you're considering it, 8 00:00:27,889 --> 00:00:31,079 Speaker 1: my money is your money. Agree or disagree. Agree. 9 00:00:32,040 --> 00:00:33,830 Speaker 1: Very, very aligned. 10 00:00:36,909 --> 00:00:39,979 Speaker 1: Welcome to Money Talks. I'm Elizabeth Neo and this is 11 00:00:39,990 --> 00:00:44,299 Speaker 1: my limited series. Am I adulting, right? Where like you, 12 00:00:44,509 --> 00:00:48,509 Speaker 1: I'm figuring out some of life's money issues. Last week, 13 00:00:48,520 --> 00:00:51,949 Speaker 1: I looked at how millennials can achieve financial success and 14 00:00:51,959 --> 00:00:55,580 Speaker 1: you can find that episode on Spotify or Apple podcast. 15 00:00:55,590 --> 00:00:59,310 Speaker 1: Just search for money talks. This episode, I'm looking at 16 00:00:59,319 --> 00:01:00,200 Speaker 1: how to manage 17 00:01:00,354 --> 00:01:04,524 Speaker 1: finances with your partner. Now, every couple has their own 18 00:01:04,535 --> 00:01:08,165 Speaker 1: way of saving for their future. But in that moment 19 00:01:08,175 --> 00:01:11,035 Speaker 1: when we're so in love and looking forward to starting 20 00:01:11,044 --> 00:01:15,723 Speaker 1: a family talking about dollars and cents is honestly not 21 00:01:15,735 --> 00:01:19,235 Speaker 1: the sexiest topic to dive into. And this episode, I 22 00:01:19,245 --> 00:01:21,635 Speaker 1: want to try and get some tips on how to 23 00:01:21,644 --> 00:01:23,804 Speaker 1: better manage money. As a couple 24 00:01:26,959 --> 00:01:30,639 Speaker 1: joining me, a Hans and Xu go, a husband and wife. 25 00:01:30,650 --> 00:01:34,009 Speaker 1: Team behind home Smart Singapore. They've been married for 10 26 00:01:34,019 --> 00:01:36,550 Speaker 1: years and they have three kids who are all under 27 00:01:36,559 --> 00:01:39,260 Speaker 1: nine years old. Well, straight off the bat, I'm going 28 00:01:39,269 --> 00:01:43,059 Speaker 1: to ask you a prickly question. Do you know how 29 00:01:43,069 --> 00:01:45,430 Speaker 1: much money is in your spouse's 30 00:01:45,500 --> 00:01:49,319 Speaker 1: account while she was using her app? That day? I 31 00:01:49,330 --> 00:01:53,110 Speaker 1: saw she had quite a bit of money in her account. So, 32 00:01:53,120 --> 00:01:56,930 Speaker 1: you know, I saw it for that account. I think 33 00:01:56,940 --> 00:01:59,029 Speaker 1: we don't really ask each other or keep track of 34 00:01:59,040 --> 00:02:01,910 Speaker 1: each other's account, but we roughly have an idea. And 35 00:02:01,919 --> 00:02:03,949 Speaker 1: I guess with us whenever, 36 00:02:04,730 --> 00:02:07,139 Speaker 1: you know, we feel like knowing, we just ask the 37 00:02:07,150 --> 00:02:09,720 Speaker 1: other person straight up like, oh, you know, how's, how's 38 00:02:09,729 --> 00:02:13,979 Speaker 1: your account balance? Is it growing? Is it something that 39 00:02:13,990 --> 00:02:17,448 Speaker 1: you find is important in a relationship? Like knowing how 40 00:02:17,460 --> 00:02:20,259 Speaker 1: much is in your partner's bank account? I don't think 41 00:02:20,270 --> 00:02:22,750 Speaker 1: it's important to know how much it is. I think 42 00:02:22,758 --> 00:02:26,220 Speaker 1: it's important that you don't feel any reservation, showing your 43 00:02:26,229 --> 00:02:28,389 Speaker 1: partner or you know, that if you ask your partner, 44 00:02:28,399 --> 00:02:30,329 Speaker 1: they don't have anything to hide. I think that's the 45 00:02:30,339 --> 00:02:31,038 Speaker 1: important bit. 46 00:02:31,279 --> 00:02:33,739 Speaker 1: One thing about her is that she never remembers any 47 00:02:33,750 --> 00:02:36,100 Speaker 1: of this anyway. So I feel very comfortable sharing all 48 00:02:36,110 --> 00:02:39,970 Speaker 1: these things with her. Ok. So that's a good. OK. 49 00:02:40,529 --> 00:02:43,429 Speaker 1: So I don't really keep track. It's more of like 50 00:02:43,440 --> 00:02:45,600 Speaker 1: just having a feel, let's say, you know, especially if 51 00:02:45,610 --> 00:02:48,529 Speaker 1: we just spend a lot of money on a holiday, 52 00:02:48,538 --> 00:02:50,388 Speaker 1: then I just want to know like how we stand 53 00:02:50,679 --> 00:02:53,589 Speaker 1: as a couple. So we don't have a joint account. 54 00:02:53,600 --> 00:02:56,579 Speaker 1: That's the thing, we only have our own personal accounts. 55 00:02:56,610 --> 00:02:59,329 Speaker 1: So I think it's important that we are both willing 56 00:02:59,339 --> 00:03:01,740 Speaker 1: to share and be honest about how much money we 57 00:03:01,750 --> 00:03:04,759 Speaker 1: have since we don't have a joint account. Actually, that's 58 00:03:04,770 --> 00:03:07,229 Speaker 1: something that I want to talk about having a joint account. 59 00:03:07,710 --> 00:03:11,359 Speaker 1: Yes or no. Is it something that couples should do? Personally? 60 00:03:11,369 --> 00:03:13,229 Speaker 1: I don't do that. I have my own and we 61 00:03:13,240 --> 00:03:15,660 Speaker 1: trust each other to be able to manage our own finances, 62 00:03:15,669 --> 00:03:19,190 Speaker 1: responsive because we're adults. Right. My parents have a joint account. 63 00:03:19,199 --> 00:03:21,440 Speaker 1: My brother has a joint account with his wife too. 64 00:03:21,449 --> 00:03:24,490 Speaker 1: But surprisingly, for us, we don't, I guess it boils 65 00:03:24,500 --> 00:03:26,740 Speaker 1: down to what's the point of having a joint account, 66 00:03:27,100 --> 00:03:30,410 Speaker 1: you know, if it's to share expenses. Ok. But, you know, 67 00:03:30,419 --> 00:03:32,570 Speaker 1: even when it comes to sharing expenses, if you know 68 00:03:32,580 --> 00:03:35,190 Speaker 1: how much it is, it's just about us putting in 69 00:03:35,199 --> 00:03:37,190 Speaker 1: the money from each of our own account, we don't 70 00:03:37,199 --> 00:03:40,080 Speaker 1: really need a joint account to do that. And if 71 00:03:40,089 --> 00:03:41,740 Speaker 1: we already kind of have a 72 00:03:42,020 --> 00:03:45,610 Speaker 1: understanding like this expenses, who should pay for it and 73 00:03:45,619 --> 00:03:48,190 Speaker 1: who should pay for the other expenses and have no 74 00:03:48,199 --> 00:03:50,899 Speaker 1: doubt that if we do need a bit of help 75 00:03:50,910 --> 00:03:53,169 Speaker 1: on that. We can always, like, tell the other person. 76 00:03:53,179 --> 00:03:54,600 Speaker 1: So then I feel that there's no need for a 77 00:03:54,610 --> 00:03:58,149 Speaker 1: joint account. Yeah. Was that something you guys talked about 78 00:03:58,160 --> 00:03:58,369 Speaker 1: earlier 79 00:03:58,509 --> 00:04:00,809 Speaker 1: in the relationship we spoke about, whether should we open 80 00:04:00,820 --> 00:04:03,380 Speaker 1: a joint account? But I guess we're both not that 81 00:04:03,389 --> 00:04:06,199 Speaker 1: keen on the idea or that excited about having a 82 00:04:06,210 --> 00:04:09,899 Speaker 1: joint account together. So that conversation just kind of died 83 00:04:09,910 --> 00:04:13,889 Speaker 1: and we didn't reopen that conversation again. Ok. How about 84 00:04:13,899 --> 00:04:16,269 Speaker 1: opening that conversation on 85 00:04:16,859 --> 00:04:21,359 Speaker 1: the topic of finances itself and managing your finances? How 86 00:04:21,369 --> 00:04:23,630 Speaker 1: did you bring up that topic? He's kind of an 87 00:04:23,640 --> 00:04:27,238 Speaker 1: introvert and more of a outgoing person. So I'll just 88 00:04:27,250 --> 00:04:30,359 Speaker 1: straight up ask him. Oh, what about expenses? You know, how, 89 00:04:30,369 --> 00:04:32,829 Speaker 1: so expenses are you going to be? Is it going 90 00:04:32,839 --> 00:04:36,529 Speaker 1: to be like a traditional kind of Chinese management where 91 00:04:36,559 --> 00:04:39,309 Speaker 1: the husband takes care of the family takes care of 92 00:04:39,320 --> 00:04:41,649 Speaker 1: the expenses? So, I think we 93 00:04:41,734 --> 00:04:44,084 Speaker 1: talked about it before and I think even before we 94 00:04:44,095 --> 00:04:47,214 Speaker 1: talk about it, just observing how he's brought up, how 95 00:04:47,225 --> 00:04:49,704 Speaker 1: his family is like, and how my family is. I 96 00:04:49,714 --> 00:04:53,445 Speaker 1: kind of feel like we have similar thoughts on it. 97 00:04:53,674 --> 00:04:57,914 Speaker 1: I kind of let things just fall into place naturally 98 00:04:58,113 --> 00:05:03,784 Speaker 1: when things are required. I step up. Oh, I remember our, 99 00:05:03,795 --> 00:05:06,734 Speaker 1: one of our first dates, like we went out for lunch, 100 00:05:06,744 --> 00:05:09,375 Speaker 1: we were not together yet. We just going out have 101 00:05:09,385 --> 00:05:10,105 Speaker 1: a meal and 102 00:05:10,609 --> 00:05:14,660 Speaker 1: like he offered to pay and I offered to go Dutch. Right. 103 00:05:14,859 --> 00:05:19,529 Speaker 1: Did I, I think I did. So, I don't know 104 00:05:19,540 --> 00:05:21,570 Speaker 1: whether he realized, but most of the times when we 105 00:05:21,579 --> 00:05:24,000 Speaker 1: go out, like, if it's nothing, it's just a casual 106 00:05:24,010 --> 00:05:26,140 Speaker 1: date or just a meal, you know, offer to just 107 00:05:26,149 --> 00:05:29,989 Speaker 1: split it. If it's like a special occasion that if 108 00:05:30,000 --> 00:05:33,140 Speaker 1: he pays, then I'll just keep quiet and accept. 109 00:05:34,359 --> 00:05:37,049 Speaker 1: So, if it's a birthday, I think that's valid, right? 110 00:05:37,059 --> 00:05:40,859 Speaker 1: Like a birthday treat. Yeah. Yeah. So, but usually like, 111 00:05:40,869 --> 00:05:42,868 Speaker 1: you know, if it's nothing, I mean, it's just a 112 00:05:42,880 --> 00:05:45,869 Speaker 1: normal hang out together, then we would just be, of 113 00:05:45,880 --> 00:05:51,369 Speaker 1: course it changed after we got married. So I'm curious, 114 00:05:51,579 --> 00:05:54,989 Speaker 1: I think before we got married we were very young 115 00:05:55,209 --> 00:05:58,309 Speaker 1: and we were living in Shanghai at a very happening place. Right. 116 00:05:58,579 --> 00:06:01,630 Speaker 1: So, and we were, we were both working in Shanghai 117 00:06:01,640 --> 00:06:04,779 Speaker 1: and we have a disposable cash. We have no, no kids. 118 00:06:04,790 --> 00:06:07,190 Speaker 1: So we were spending a lot of time out having 119 00:06:07,200 --> 00:06:11,079 Speaker 1: meals with friends, going out to the clubs. We split 120 00:06:11,160 --> 00:06:13,200 Speaker 1: most of the time. Like if you hang out with 121 00:06:13,209 --> 00:06:15,760 Speaker 1: friends and we go for expensive meal, if it's just 122 00:06:15,769 --> 00:06:18,079 Speaker 1: the two of us, sometimes we take turns to treat 123 00:06:18,089 --> 00:06:19,690 Speaker 1: each other. I mean, 124 00:06:20,529 --> 00:06:23,320 Speaker 1: he earns money, but I'm also earning too, you know, 125 00:06:23,329 --> 00:06:26,760 Speaker 1: and I guess having that money and having that spending 126 00:06:26,769 --> 00:06:29,729 Speaker 1: power is important to me as well. So being able 127 00:06:29,738 --> 00:06:30,678 Speaker 1: to actually spend it 128 00:06:30,880 --> 00:06:34,750 Speaker 1: and also like, show my love in certain ways, like 129 00:06:34,760 --> 00:06:37,549 Speaker 1: bit of pampering, bring her out for a nice meal 130 00:06:37,559 --> 00:06:40,049 Speaker 1: for that nice stick that he likes. Yeah. So that 131 00:06:40,059 --> 00:06:42,589 Speaker 1: is important to me and that's how I show my, 132 00:06:42,600 --> 00:06:46,279 Speaker 1: these are like some nice little treats and special occasions 133 00:06:46,290 --> 00:06:49,250 Speaker 1: that you guys go out for and pay for. But 134 00:06:49,260 --> 00:06:52,178 Speaker 1: what are some of the biggest expenditures you've encountered as 135 00:06:52,190 --> 00:06:55,720 Speaker 1: a couple housing? probably the house. And 136 00:06:57,000 --> 00:07:00,070 Speaker 1: so we were lucky that we got a H DB 137 00:07:00,079 --> 00:07:02,359 Speaker 1: quite early on while we were still in Shanghai. We 138 00:07:02,369 --> 00:07:05,140 Speaker 1: came back, we applied. So we got a nice unit 139 00:07:05,549 --> 00:07:10,369 Speaker 1: and she wiped out her CPF. I was previously working 140 00:07:10,380 --> 00:07:13,369 Speaker 1: as a flight attendant. So for a flight attendant, you 141 00:07:13,380 --> 00:07:16,359 Speaker 1: actually get a lot more allowance. Basic salary is not 142 00:07:16,369 --> 00:07:18,709 Speaker 1: that much. So my CPF wasn't that much but 143 00:07:19,140 --> 00:07:21,859 Speaker 1: yeah, it pretty much wiped out my CPF when we 144 00:07:21,869 --> 00:07:23,970 Speaker 1: came back to apply for that and because he was 145 00:07:23,980 --> 00:07:27,899 Speaker 1: working overseas, he didn't have that much CPF. So that 146 00:07:27,910 --> 00:07:30,950 Speaker 1: was one of the biggest expenditure and we're still paying 147 00:07:30,959 --> 00:07:34,089 Speaker 1: for it. But I feel it was a 148 00:07:34,190 --> 00:07:37,559 Speaker 1: great decision. I think getting a H DB was worth it. 149 00:07:37,570 --> 00:07:40,549 Speaker 1: We enjoy living in a H DB. But I guess 150 00:07:40,559 --> 00:07:43,269 Speaker 1: the thing about us is because we were living overseas. 151 00:07:43,279 --> 00:07:46,390 Speaker 1: So we actually experience living in a condominium with like 152 00:07:46,399 --> 00:07:49,179 Speaker 1: facilities with tennis court with like swimming pool 153 00:07:49,589 --> 00:07:52,730 Speaker 1: and it's great, but it's not a must have. And 154 00:07:52,739 --> 00:07:55,929 Speaker 1: there's so many like sports hub, so many facilities that 155 00:07:55,940 --> 00:07:58,470 Speaker 1: you can actually just book and it's so much cheaper. 156 00:07:58,489 --> 00:08:00,119 Speaker 1: So you can actually make use of that. You don't 157 00:08:00,130 --> 00:08:02,950 Speaker 1: really need that in your own house. So you guys 158 00:08:02,959 --> 00:08:06,350 Speaker 1: seem really aligned on even in your preference for the 159 00:08:06,359 --> 00:08:10,420 Speaker 1: type of housing and when to start the conversation on finances. 160 00:08:10,429 --> 00:08:13,820 Speaker 1: Do you have any things that were particularly hard to 161 00:08:13,829 --> 00:08:16,049 Speaker 1: talk about when it comes to finances? 162 00:08:16,850 --> 00:08:17,399 Speaker 1: Yeah. 163 00:08:19,540 --> 00:08:21,670 Speaker 1: Ok. So for our listeners, there's a bit of like 164 00:08:21,679 --> 00:08:26,489 Speaker 1: they're making eyes. So we're trying to figure who's gonna 165 00:08:27,299 --> 00:08:31,079 Speaker 1: tell the story here. She has a habit of buying 166 00:08:31,089 --> 00:08:32,869 Speaker 1: a lot of stationery for the kids. 167 00:08:34,039 --> 00:08:39,539 Speaker 1: Ok. You know, small amounts, right? Color pencils and markers. 168 00:08:39,549 --> 00:08:43,179 Speaker 1: The whole house is not that thrilled me as a kid, 169 00:08:43,190 --> 00:08:46,739 Speaker 1: especially you raises with scent. But you know, that's another thing. 170 00:08:46,750 --> 00:08:51,090 Speaker 1: So I understand. And then, yeah, so it's not a 171 00:08:51,099 --> 00:08:54,039 Speaker 1: big deal financially, but she goes crazy and popular. She 172 00:08:54,049 --> 00:08:56,419 Speaker 1: goes to popular and then she is like a loose animal. 173 00:08:56,429 --> 00:08:58,359 Speaker 1: And then I will say, why are you buying three 174 00:08:58,369 --> 00:08:58,760 Speaker 1: sets 175 00:08:58,835 --> 00:09:01,784 Speaker 1: of a color pencils? We have three kids. No, but 176 00:09:01,794 --> 00:09:05,454 Speaker 1: you see there's one that is erasable, there's one that 177 00:09:05,465 --> 00:09:08,093 Speaker 1: mixes with water to give you a water color effect. 178 00:09:08,104 --> 00:09:10,085 Speaker 1: And then you know, there's one for just no use 179 00:09:10,094 --> 00:09:13,854 Speaker 1: daily usage for coloring or like those with a bigger group, 180 00:09:13,864 --> 00:09:18,034 Speaker 1: like a bigger thicker pencil so that, you know, for, for. Yeah. 181 00:09:18,044 --> 00:09:21,294 Speaker 1: You know, I think it's not so much a financial problem. 182 00:09:21,304 --> 00:09:23,684 Speaker 1: It's more of a clutter problem. 183 00:09:24,190 --> 00:09:26,250 Speaker 1: Yeah. So I need to speak to her a few 184 00:09:26,260 --> 00:09:28,460 Speaker 1: times about that. I said, can we tone down on 185 00:09:28,469 --> 00:09:32,359 Speaker 1: the station, please? Yeah. And then she would say like, ok. Ok. 186 00:09:32,369 --> 00:09:35,400 Speaker 1: But then when she goes to popular again she's carrying on. I, 187 00:09:35,409 --> 00:09:37,880 Speaker 1: I do, I do. Ok. I'll think again, you know, 188 00:09:37,890 --> 00:09:40,880 Speaker 1: before I buy that, that false set of color. But 189 00:09:41,119 --> 00:09:43,539 Speaker 1: I guess that's how we work. If there's something that 190 00:09:43,549 --> 00:09:46,549 Speaker 1: he is not comfortable with, he'll voice it out to me. 191 00:09:46,559 --> 00:09:49,979 Speaker 1: It's just a small example, I guess like stationary, but 192 00:09:50,179 --> 00:09:52,000 Speaker 1: it's going to be the same if I say we 193 00:09:52,010 --> 00:09:54,580 Speaker 1: travel and then he says like, oh, you know, like 194 00:09:54,590 --> 00:09:56,729 Speaker 1: usually I'm the one I'm the one who will ask him. 195 00:09:56,739 --> 00:09:59,190 Speaker 1: Are you sure? Like, you know, we have that money 196 00:09:59,270 --> 00:10:02,530 Speaker 1: for this upcoming trip. Are we really going to stay 197 00:10:02,539 --> 00:10:04,909 Speaker 1: in this hotel? Because a night is like 200 plus 198 00:10:04,919 --> 00:10:06,479 Speaker 1: and we have three kids. They don't allow you to 199 00:10:06,489 --> 00:10:08,570 Speaker 1: squeeze in one room and you get two or we 200 00:10:08,580 --> 00:10:10,700 Speaker 1: have to get an air BNB, that's a lot more expensive. 201 00:10:10,979 --> 00:10:13,539 Speaker 1: So I guess we'll just bring it up straight up like, 202 00:10:13,549 --> 00:10:15,570 Speaker 1: you know, are you sure like, is this something that 203 00:10:15,580 --> 00:10:17,320 Speaker 1: we really need? And 204 00:10:17,599 --> 00:10:21,968 Speaker 1: that's when we justify our actions among your peers. Do 205 00:10:21,979 --> 00:10:25,880 Speaker 1: most people find it hard to discuss finances with their partners. 206 00:10:26,070 --> 00:10:28,890 Speaker 1: I find, for my friends know, I don't know whether 207 00:10:28,900 --> 00:10:32,589 Speaker 1: is it our generation or, but my, my friends have 208 00:10:32,599 --> 00:10:35,909 Speaker 1: no issues like bringing up talking about finances with their spouses. 209 00:10:35,919 --> 00:10:37,789 Speaker 1: They know how much their spouses earn. 210 00:10:38,390 --> 00:10:41,440 Speaker 1: My brother knows how much my sister in law earns. 211 00:10:41,450 --> 00:10:43,559 Speaker 1: My mom asked me all the time how much we 212 00:10:43,570 --> 00:10:45,719 Speaker 1: earn just to have an idea and make sure that, 213 00:10:45,729 --> 00:10:48,199 Speaker 1: you know, we are spending within our means. So I 214 00:10:48,210 --> 00:10:49,799 Speaker 1: don't think it's an issue. 215 00:10:55,210 --> 00:10:58,189 Speaker 2: Hello, my name is Steve and I'm Theresa Tang. And 216 00:10:58,200 --> 00:11:01,690 Speaker 2: we are the hosts of CNA correspondent, a podcast that 217 00:11:01,700 --> 00:11:04,700 Speaker 2: takes you to the heart of the work our correspondents 218 00:11:04,710 --> 00:11:08,479 Speaker 2: do across the globe from China's COVID response to the 219 00:11:08,489 --> 00:11:11,140 Speaker 2: Childcare Center massacre in Thailand, 220 00:11:11,585 --> 00:11:14,065 Speaker 2: the fall of Najib Razak to the rise of Anwar 221 00:11:14,075 --> 00:11:17,684 Speaker 2: Ibrahim as Malaysia's Prime Minister, we speak to the people 222 00:11:17,695 --> 00:11:20,575 Speaker 2: at the reporting front lines. So if you want to 223 00:11:20,585 --> 00:11:24,114 Speaker 2: know how the biggest global stories unfold, make sure you 224 00:11:24,125 --> 00:11:27,875 Speaker 2: follow or subscribe to us wherever you get your podcasts. 225 00:11:34,010 --> 00:11:37,659 Speaker 1: OK. About compatibility in a relationship. It's not just about 226 00:11:37,669 --> 00:11:40,700 Speaker 1: whether your personalities are or if you are aligned on 227 00:11:40,710 --> 00:11:45,609 Speaker 1: values and beliefs, but financial compatibility is just as important. 228 00:11:45,619 --> 00:11:49,819 Speaker 1: And what is financial compatibility. That is your spending habits, 229 00:11:49,830 --> 00:11:54,819 Speaker 1: your debt savings goals, financial priorities, attitudes towards money. 230 00:11:55,130 --> 00:11:57,659 Speaker 1: These things need to be talked about because they affect 231 00:11:57,669 --> 00:12:01,098 Speaker 1: your future together. And can cause friction in the relationship 232 00:12:01,109 --> 00:12:04,819 Speaker 1: if you are far apart on these issues. So getting 233 00:12:04,830 --> 00:12:08,510 Speaker 1: some advice from you hands and shoe, what are some 234 00:12:08,520 --> 00:12:12,380 Speaker 1: of the must have when you are planning financial goals 235 00:12:12,390 --> 00:12:16,159 Speaker 1: as a couple. Generally she leaves the planning to me. 236 00:12:16,419 --> 00:12:20,760 Speaker 1: So I do investments. I have insurance, not just for myself, 237 00:12:20,770 --> 00:12:22,609 Speaker 1: for the kids as well. So I'm taking care of 238 00:12:22,619 --> 00:12:26,059 Speaker 1: these aspects, planning for the retirement, even things like topping 239 00:12:26,070 --> 00:12:28,630 Speaker 1: up of your CPF. These are things that she 240 00:12:29,320 --> 00:12:32,598 Speaker 1: doesn't really follow up on. Am I included in the 241 00:12:32,609 --> 00:12:35,409 Speaker 1: retirement plans or is it just for yourself? 242 00:12:36,479 --> 00:12:38,340 Speaker 1: I, I have to, I have to plan for the 243 00:12:38,349 --> 00:12:41,340 Speaker 1: whole family actually, but she was aware that you are 244 00:12:41,349 --> 00:12:44,039 Speaker 1: planning for the whole family. And is this a must 245 00:12:44,049 --> 00:12:46,650 Speaker 1: have that the two of you as a couple, you 246 00:12:46,659 --> 00:12:50,010 Speaker 1: and your future together? I guess it started with knowing 247 00:12:50,020 --> 00:12:52,559 Speaker 1: what is our strength. I'm not that good with handling 248 00:12:52,570 --> 00:12:56,070 Speaker 1: finances like stock exchange bonds and all that. 249 00:12:56,849 --> 00:12:59,130 Speaker 1: I think he's better at that. So I guess it's 250 00:12:59,140 --> 00:13:03,070 Speaker 1: natural that going forward he steps up and do that. 251 00:13:03,280 --> 00:13:07,450 Speaker 1: I do have my own insurance plans. So I make 252 00:13:07,460 --> 00:13:09,738 Speaker 1: sure that I'm taking care of myself like in terms 253 00:13:09,750 --> 00:13:12,380 Speaker 1: of insurance and anything else to do with the kids. 254 00:13:12,390 --> 00:13:14,718 Speaker 1: I mean, we talk about it. So I think for 255 00:13:14,729 --> 00:13:16,900 Speaker 1: a couple insurance is a must have 256 00:13:17,015 --> 00:13:19,145 Speaker 1: because the last thing you want to do is to 257 00:13:19,155 --> 00:13:24,095 Speaker 1: become a liability to your loved ones, retirement plans. We 258 00:13:24,106 --> 00:13:27,306 Speaker 1: haven't really talked about it, but I mean, we've always 259 00:13:27,315 --> 00:13:30,055 Speaker 1: spoken about like, say, you know, when we are old, 260 00:13:30,065 --> 00:13:32,065 Speaker 1: we want to do this, we want to do that. 261 00:13:32,075 --> 00:13:35,265 Speaker 1: So that's kind of like us aligning and discussing about 262 00:13:35,276 --> 00:13:37,085 Speaker 1: what is our angle and having 263 00:13:37,182 --> 00:13:39,271 Speaker 1: the understanding that that is what we're going to work towards, 264 00:13:39,280 --> 00:13:42,012 Speaker 1: even though we don't really talk about it in detail. 265 00:13:42,062 --> 00:13:46,151 Speaker 1: What are some examples of financial habits or things that 266 00:13:46,160 --> 00:13:50,692 Speaker 1: you and your partner should be aligned on for us? 267 00:13:50,702 --> 00:13:53,372 Speaker 1: I know that certain things have to be done, for example, 268 00:13:53,381 --> 00:13:56,002 Speaker 1: planning for retirement. And I know this is something that 269 00:13:56,011 --> 00:13:57,271 Speaker 1: we have to plan for. 270 00:13:57,549 --> 00:13:59,520 Speaker 1: And I know that maybe her strengths can be better 271 00:13:59,530 --> 00:14:02,059 Speaker 1: used in other areas and her time can be used 272 00:14:02,070 --> 00:14:04,619 Speaker 1: in other places. And so I go ahead and do 273 00:14:04,630 --> 00:14:07,559 Speaker 1: it and that she has that trust in me that 274 00:14:07,570 --> 00:14:10,270 Speaker 1: I'm making this right decision. So I think this kind 275 00:14:10,280 --> 00:14:11,659 Speaker 1: of unspoken 276 00:14:11,929 --> 00:14:15,820 Speaker 1: cooperation here where she trusts me to make these decisions. 277 00:14:15,830 --> 00:14:17,890 Speaker 1: I think this is important. What about things like your 278 00:14:17,900 --> 00:14:22,340 Speaker 1: stance on credit card debts or how to approach loans? 279 00:14:22,479 --> 00:14:24,979 Speaker 1: I have a relative who is still in debt. So 280 00:14:24,989 --> 00:14:27,719 Speaker 1: from ya, I know that it is best to spend 281 00:14:27,729 --> 00:14:30,979 Speaker 1: within your means. I don't have a lot of credit cards. 282 00:14:31,320 --> 00:14:33,489 Speaker 1: In fact, I only have a subcut from, 283 00:14:35,010 --> 00:14:36,869 Speaker 1: I always view it as kind of like a good 284 00:14:36,880 --> 00:14:40,080 Speaker 1: alternative to having a joint account, you know, where he 285 00:14:40,090 --> 00:14:43,169 Speaker 1: already knows, like what are the big spending items? And 286 00:14:43,179 --> 00:14:45,380 Speaker 1: of course, because with my card, I know what exactly 287 00:14:45,390 --> 00:14:49,510 Speaker 1: I'm spending and we, we're pretty much aligned in this aspect, 288 00:14:49,520 --> 00:14:50,710 Speaker 1: like no debt 289 00:14:51,030 --> 00:14:55,250 Speaker 1: and spend within your means. That's most important. It's hard to, 290 00:14:55,260 --> 00:14:59,059 Speaker 1: to answer for all the couples I can say for, 291 00:14:59,070 --> 00:15:01,849 Speaker 1: for us, there are, there are certain things that we, 292 00:15:01,859 --> 00:15:04,349 Speaker 1: we agree on that we are aligned on such as we, 293 00:15:04,359 --> 00:15:06,890 Speaker 1: we don't go into debt, we don't take credit card debt, 294 00:15:07,179 --> 00:15:10,109 Speaker 1: we try to spend within our means. Like she said, 295 00:15:10,119 --> 00:15:14,450 Speaker 1: generally we are pretty thrifty people. We don't really spend 296 00:15:14,460 --> 00:15:15,510 Speaker 1: much money and 297 00:15:16,280 --> 00:15:19,309 Speaker 1: there's a lot of communication there. Sometimes I want to buy, 298 00:15:19,690 --> 00:15:21,770 Speaker 1: I think just two months ago I wanted to buy 299 00:15:21,780 --> 00:15:25,690 Speaker 1: the airports $200. I was considering for a long time 300 00:15:25,700 --> 00:15:27,640 Speaker 1: and I was asking her, should I make this purchase? 301 00:15:27,650 --> 00:15:31,159 Speaker 1: And she is giving me your opinion, just buy it. Yeah, 302 00:15:31,169 --> 00:15:33,619 Speaker 1: I think there must be a kind of balance, you know, 303 00:15:33,630 --> 00:15:35,869 Speaker 1: you want to save, you want to plan for the future, 304 00:15:35,880 --> 00:15:38,049 Speaker 1: but at the same time, you are not missing out 305 00:15:38,059 --> 00:15:40,650 Speaker 1: on enjoying life right now. 306 00:15:41,059 --> 00:15:43,500 Speaker 1: Yeah. So with the understanding that we're going to be 307 00:15:43,510 --> 00:15:48,909 Speaker 1: making plans and making decisions based on the understanding that 308 00:15:48,919 --> 00:15:52,000 Speaker 1: it is for the best of the family. Yeah. Ok. Well, 309 00:15:52,010 --> 00:15:55,280 Speaker 1: for every couple, you know, there are surely some red 310 00:15:55,289 --> 00:15:59,840 Speaker 1: flags or deal breakers when it comes to financial issues. 311 00:15:59,849 --> 00:16:01,869 Speaker 1: What are yours? Gambling? 312 00:16:02,500 --> 00:16:06,750 Speaker 1: Yeah. So my other half should not like to gamble. 313 00:16:06,760 --> 00:16:10,280 Speaker 1: I mean, the occasional four D during Chinese New Year or, 314 00:16:10,289 --> 00:16:11,710 Speaker 1: you know, when you burn that candle and you have 315 00:16:11,719 --> 00:16:14,280 Speaker 1: that four digits, it's ok to buy it, but not 316 00:16:14,289 --> 00:16:18,530 Speaker 1: gambling on soccer. You know, staying up late 317 00:16:18,625 --> 00:16:19,715 Speaker 1: at night. I mean, if you stay out late at 318 00:16:19,724 --> 00:16:22,515 Speaker 1: night to watch the game, yes. But if you stay 319 00:16:22,525 --> 00:16:25,224 Speaker 1: up just because you know, you're gambling then that is 320 00:16:25,234 --> 00:16:27,794 Speaker 1: something that is a big, no, no, because it shows 321 00:16:27,804 --> 00:16:29,684 Speaker 1: to me that if you know that you have work 322 00:16:29,695 --> 00:16:31,445 Speaker 1: the next day, but you're still staying up and not 323 00:16:31,455 --> 00:16:33,255 Speaker 1: because you want to enjoy the game. But because you, 324 00:16:33,265 --> 00:16:34,695 Speaker 1: you bet a lot of money 325 00:16:34,979 --> 00:16:38,150 Speaker 1: and with gambling a lot of it depends on luck 326 00:16:38,159 --> 00:16:40,630 Speaker 1: as well, but I don't like to rely on it. 327 00:16:40,640 --> 00:16:43,010 Speaker 1: So gambling is something that is a big, no, no, 328 00:16:43,020 --> 00:16:47,109 Speaker 1: for me, Hans, what is a big deal breaker for? 329 00:16:47,119 --> 00:16:51,669 Speaker 1: You would be overspending and not being able to spend 330 00:16:51,679 --> 00:16:55,429 Speaker 1: within your means for me, when people are not able 331 00:16:55,440 --> 00:16:58,570 Speaker 1: to kind of not, not having a concept of, of 332 00:16:58,580 --> 00:17:00,719 Speaker 1: the value of money. And they are just, 333 00:17:01,140 --> 00:17:04,129 Speaker 1: just buying, for example, I know some people who are 334 00:17:04,140 --> 00:17:07,399 Speaker 1: buying printed bags all the time and I mean, they 335 00:17:07,410 --> 00:17:09,670 Speaker 1: only can bring one bag out at one time. I 336 00:17:09,680 --> 00:17:12,310 Speaker 1: don't understand why they need so many. So I think 337 00:17:12,319 --> 00:17:14,250 Speaker 1: it's important that when even if 338 00:17:14,810 --> 00:17:17,929 Speaker 1: it's not just even about being able to spend within 339 00:17:17,939 --> 00:17:20,349 Speaker 1: your means, because I, I know some people who are 340 00:17:20,359 --> 00:17:22,930 Speaker 1: buying branded bags all the time, they are spending within 341 00:17:22,939 --> 00:17:26,410 Speaker 1: that means. But to me, being drift is a virtue 342 00:17:26,420 --> 00:17:30,910 Speaker 1: that I value. I think it's important that my partner 343 00:17:30,920 --> 00:17:33,849 Speaker 1: should be able to control the kind of spending and 344 00:17:33,859 --> 00:17:38,699 Speaker 1: to be thoughtful about the purchasing decisions. Ok. So it 345 00:17:38,709 --> 00:17:42,140 Speaker 1: may not always be scary. Not every relationship will have 346 00:17:42,150 --> 00:17:44,079 Speaker 1: to grapple with big deal breakers 347 00:17:44,172 --> 00:17:47,422 Speaker 1: or these major red flags. Uh I just want to 348 00:17:47,432 --> 00:17:49,911 Speaker 1: get your tips and some advice from you. I know 349 00:17:49,922 --> 00:17:53,463 Speaker 1: you've been married 10 years. But if for newly Weds, 350 00:17:53,473 --> 00:17:58,243 Speaker 1: your rent utilities, household logistics, can you offer some tips 351 00:17:58,253 --> 00:18:02,432 Speaker 1: to our listeners on how to navigate that? You're just 352 00:18:02,442 --> 00:18:05,483 Speaker 1: starting to live together with someone? You've been together? Not 353 00:18:05,493 --> 00:18:07,802 Speaker 1: for very long, but you don't want to cause a 354 00:18:07,811 --> 00:18:11,652 Speaker 1: strain in the relationship because you're calculating so much on 355 00:18:11,662 --> 00:18:13,442 Speaker 1: who pays what and then you put this 356 00:18:13,536 --> 00:18:16,484 Speaker 1: in a relationship. If you have some advice on how 357 00:18:16,494 --> 00:18:18,676 Speaker 1: young couples can navigate that sort of thing, I think 358 00:18:18,686 --> 00:18:22,316 Speaker 1: start small, have a budget for it, like even say 359 00:18:22,326 --> 00:18:26,055 Speaker 1: for household spending like on groceries. So a lot of 360 00:18:26,066 --> 00:18:28,576 Speaker 1: times we eat at home also because we have kids, 361 00:18:28,586 --> 00:18:30,365 Speaker 1: you know, so you want to give them a healthy 362 00:18:30,375 --> 00:18:32,806 Speaker 1: meal on the long term, it's just better. So it 363 00:18:32,816 --> 00:18:35,036 Speaker 1: makes better sense to save more when you actually cook 364 00:18:35,046 --> 00:18:38,495 Speaker 1: for the whole family. So, have an idea how much 365 00:18:38,505 --> 00:18:41,556 Speaker 1: you will need to spend on groceries every month and 366 00:18:41,566 --> 00:18:42,805 Speaker 1: then put that aside 367 00:18:43,109 --> 00:18:45,579 Speaker 1: and every couple of months you don't have to check 368 00:18:45,589 --> 00:18:48,020 Speaker 1: it every month. It's not real estate, but every couple 369 00:18:48,030 --> 00:18:49,569 Speaker 1: of months just have an idea. Oh, you know, am 370 00:18:49,579 --> 00:18:52,219 Speaker 1: I overspending? Am I spending less than that? 371 00:18:52,579 --> 00:18:55,550 Speaker 1: And even things like say for kids, I mean, when 372 00:18:55,560 --> 00:18:59,329 Speaker 1: eventually you have kids, certain things like milk powder diaper, 373 00:18:59,339 --> 00:19:01,239 Speaker 1: you definitely have to put that money for that. But 374 00:19:01,250 --> 00:19:04,839 Speaker 1: enrichment classes have a talk like whether your kids need it, 375 00:19:04,849 --> 00:19:06,750 Speaker 1: whether you are prepared to spend for it, how much 376 00:19:06,760 --> 00:19:09,420 Speaker 1: you want to spend for it, have an idea like, oh, 377 00:19:09,430 --> 00:19:12,489 Speaker 1: every month I'm prepared to spend this amount of money 378 00:19:12,689 --> 00:19:16,349 Speaker 1: and then that would help you along in planning how 379 00:19:16,359 --> 00:19:17,390 Speaker 1: you spend your money. 380 00:19:17,743 --> 00:19:19,532 Speaker 1: And of course, when it comes to knowing how much 381 00:19:19,542 --> 00:19:21,213 Speaker 1: you spend, you have to have a talk with your partner, 382 00:19:21,223 --> 00:19:23,583 Speaker 1: like who's going to pay for what for us? He 383 00:19:23,593 --> 00:19:27,703 Speaker 1: pays for the groceries. So if anything beyond, let's say 384 00:19:27,713 --> 00:19:31,233 Speaker 1: 800 or beyond 500 we already have an amount to arrange. 385 00:19:31,243 --> 00:19:33,633 Speaker 1: So anything beyond that, then I'm going to be the 386 00:19:33,642 --> 00:19:36,422 Speaker 1: one topping up because I'm supposed to manage it and 387 00:19:36,432 --> 00:19:38,682 Speaker 1: how I spend that money. So, if I overspend, if 388 00:19:38,692 --> 00:19:40,142 Speaker 1: I feel like, ok, this man, you know, this fish 389 00:19:40,152 --> 00:19:41,753 Speaker 1: is like, well, you know, the kids love it. I 390 00:19:41,762 --> 00:19:42,811 Speaker 1: want to spend on it. Then 391 00:19:42,906 --> 00:19:44,555 Speaker 1: I make the decision, I'm going to top out on it. 392 00:19:44,566 --> 00:19:47,036 Speaker 1: And after a couple of months, if you realize that, hey, 393 00:19:47,046 --> 00:19:49,245 Speaker 1: this amount is not realistic, we actually need to put 394 00:19:49,255 --> 00:19:51,754 Speaker 1: aside more. Then that's when you actually speak to your, 395 00:19:51,765 --> 00:19:54,075 Speaker 1: your partner about, you know, we are going to, I mean, 396 00:19:54,086 --> 00:19:57,355 Speaker 1: a small amount but having this habit of putting aside money, 397 00:19:57,365 --> 00:20:00,135 Speaker 1: a budget not overspending. And then if you do overspend, 398 00:20:00,145 --> 00:20:01,625 Speaker 1: you feel that it doesn't need to change, you need 399 00:20:01,635 --> 00:20:03,696 Speaker 1: to speak to your partner. I think it applies to 400 00:20:03,705 --> 00:20:07,364 Speaker 1: even like big spending like traveling or anything else that 401 00:20:07,375 --> 00:20:07,955 Speaker 1: you buy. 402 00:20:08,229 --> 00:20:12,649 Speaker 1: Yeah. Yeah. So for things like kids, family holidays, emergency 403 00:20:12,660 --> 00:20:17,760 Speaker 1: fund in case anybody gets sick, would you suggest automating 404 00:20:17,770 --> 00:20:21,790 Speaker 1: a portion of your salary to go into a common 405 00:20:21,800 --> 00:20:25,719 Speaker 1: pool that can be used for these? Because kids are 50% 406 00:20:25,729 --> 00:20:28,459 Speaker 1: yours and 50% yours too? Right. I think the common 407 00:20:28,469 --> 00:20:29,660 Speaker 1: pool is my account. 408 00:20:30,660 --> 00:20:33,708 Speaker 1: So he transfers me a certain amount every month. And 409 00:20:33,719 --> 00:20:36,228 Speaker 1: then when it comes to traveling, I think previously when 410 00:20:36,239 --> 00:20:38,689 Speaker 1: I was spending, I wasn't earning that much when I 411 00:20:38,699 --> 00:20:41,479 Speaker 1: did my career job switch and all that, he was 412 00:20:41,489 --> 00:20:44,599 Speaker 1: actually paying for most of it. You have to in 413 00:20:44,609 --> 00:20:46,849 Speaker 1: Chinese you call, you know, you have to be a 414 00:20:46,859 --> 00:20:49,300 Speaker 1: bit more mindful and just do a bit if you 415 00:20:49,310 --> 00:20:51,310 Speaker 1: hear your husband like saying that, oh, you know, this 416 00:20:51,319 --> 00:20:53,810 Speaker 1: kind of like wiped out this amount, you know, then 417 00:20:54,280 --> 00:20:57,439 Speaker 1: make small adjustments or contribute a little bit more, help 418 00:20:57,449 --> 00:21:01,229 Speaker 1: each other along. Singaporeans tend to be more shy, you know, 419 00:21:01,239 --> 00:21:04,280 Speaker 1: to talk about these sort of things. How should a 420 00:21:04,290 --> 00:21:08,829 Speaker 1: couple even bring up talking about finances? I thought is 421 00:21:08,839 --> 00:21:11,030 Speaker 1: that we don't really talk about it directly right from 422 00:21:11,040 --> 00:21:13,520 Speaker 1: the start. But you can always observe, you know, when 423 00:21:13,530 --> 00:21:16,030 Speaker 1: you tell your boyfriend that, 424 00:21:16,185 --> 00:21:18,984 Speaker 1: hey, this happened to my friend, they went out and 425 00:21:18,994 --> 00:21:20,655 Speaker 1: the guy was like, hey, can you pay for this 426 00:21:20,665 --> 00:21:22,474 Speaker 1: all the time? And then, or like the guy doesn't 427 00:21:22,484 --> 00:21:24,935 Speaker 1: offer to pay, then you kind of get an idea like, 428 00:21:24,944 --> 00:21:27,454 Speaker 1: is that the kind of life I want to have 429 00:21:27,464 --> 00:21:30,064 Speaker 1: like 20 years down the road or is that something 430 00:21:30,074 --> 00:21:32,505 Speaker 1: that you can accept if you can accept then? Sure, 431 00:21:32,515 --> 00:21:34,645 Speaker 1: you know, it works. I mean, it doesn't always have 432 00:21:34,655 --> 00:21:36,635 Speaker 1: to be the guy paying for things, you know, if 433 00:21:36,645 --> 00:21:38,015 Speaker 1: you have the means you can pay for it 434 00:21:38,239 --> 00:21:40,199 Speaker 1: or even like sharing a story or, you know, this 435 00:21:40,209 --> 00:21:42,540 Speaker 1: happened to my relative, they are in debt and then 436 00:21:42,550 --> 00:21:45,069 Speaker 1: you can just have a vibe by what his stand 437 00:21:45,079 --> 00:21:48,810 Speaker 1: is on that incident, sort of like get his reaction. 438 00:21:49,380 --> 00:21:51,869 Speaker 1: And from there, it gives you an idea of how 439 00:21:51,880 --> 00:21:54,290 Speaker 1: he feels or she feels about 440 00:21:54,479 --> 00:21:57,300 Speaker 1: these issues when it comes to finances and then you 441 00:21:57,310 --> 00:22:00,910 Speaker 1: can tailor your approach, you know, bringing up these rather 442 00:22:00,920 --> 00:22:04,270 Speaker 1: prickly thorny issues. I think it also depends on where 443 00:22:04,280 --> 00:22:07,819 Speaker 1: you are in that relationship. Like which stage are you like, 444 00:22:07,829 --> 00:22:10,669 Speaker 1: just dating? You know, of course, it's just a casual chatting. 445 00:22:10,849 --> 00:22:13,869 Speaker 1: But when you are hitting, you know, that that is 446 00:22:13,880 --> 00:22:17,849 Speaker 1: potentially your future husband, then that's where you want to 447 00:22:17,859 --> 00:22:20,510 Speaker 1: be able to bring up this kind of like sensitive 448 00:22:20,520 --> 00:22:23,709 Speaker 1: topics and be able to talk about it comfortably with him. 449 00:22:23,989 --> 00:22:27,218 Speaker 1: One thing that I did ask him before is how 450 00:22:27,229 --> 00:22:30,500 Speaker 1: his family works. Like do they contribute to their household 451 00:22:30,510 --> 00:22:34,880 Speaker 1: expenses to the siblings, give to their parents? So this 452 00:22:34,890 --> 00:22:37,109 Speaker 1: is something that is important to me because I find 453 00:22:37,119 --> 00:22:41,920 Speaker 1: that if someone is always making a regular contribution, then 454 00:22:42,260 --> 00:22:44,239 Speaker 1: that needs a bit of planning as well. 455 00:22:44,489 --> 00:22:48,310 Speaker 1: Understanding that every household, every family, there are certain expenses 456 00:22:48,599 --> 00:22:51,619 Speaker 1: and if he or she already puts aside a certain 457 00:22:51,630 --> 00:22:54,550 Speaker 1: amount of money or gives the parents certain like money 458 00:22:54,560 --> 00:22:56,430 Speaker 1: every month, whether or not they use it, whether they 459 00:22:56,439 --> 00:22:58,089 Speaker 1: want to keep it for, you know, rainy days and 460 00:22:58,099 --> 00:22:59,579 Speaker 1: whatever it is a separate issue. 461 00:22:59,819 --> 00:23:02,849 Speaker 1: But the fact that if the person has these plans, 462 00:23:03,109 --> 00:23:07,869 Speaker 1: you know, then he is capable of making similar plans. Ok, 463 00:23:07,880 --> 00:23:12,729 Speaker 1: thank you so much. Thank you for coming down and 464 00:23:12,739 --> 00:23:16,859 Speaker 1: sharing with us your personal financial choices. When you are 465 00:23:16,869 --> 00:23:20,770 Speaker 1: aware of each other's financial situation, the good and the bad, 466 00:23:20,780 --> 00:23:23,810 Speaker 1: the nice and the ugly, you're able to tell if 467 00:23:23,819 --> 00:23:26,050 Speaker 1: you're financially compatible or not 468 00:23:26,310 --> 00:23:30,889 Speaker 1: while it's cliche. It's true. Be honest with your partner 469 00:23:30,900 --> 00:23:33,218 Speaker 1: think of it as a way to reach your life 470 00:23:33,229 --> 00:23:37,000 Speaker 1: goals together. This could be paying off your home loans 471 00:23:37,010 --> 00:23:41,280 Speaker 1: and retiring comfortably and it all has to start somewhere. Right. 472 00:23:41,750 --> 00:23:45,530 Speaker 1: If you've enjoyed this episode, subscribe to us on Spotify 473 00:23:45,540 --> 00:23:49,119 Speaker 1: or Apple podcasts a better yet. Leave us a review 474 00:23:49,130 --> 00:23:52,040 Speaker 1: while you're there and tell us what other topics you'd 475 00:23:52,050 --> 00:23:55,959 Speaker 1: like to hear. The team behind this podcast is Tiffany Ang, 476 00:23:55,979 --> 00:24:02,540 Speaker 1: Joanne Chan, Jacqueline Chan Jess and Christina Robert with me Liz.