Would You Like To Grow Financially? Here Are Some Personal Finance Events In Singapore 2020 You Should Be Part Of
Singapore is an important financial center in the South East Asia region. With a GDP per capita of $57,714.30 in 2017, this is one of the most developed economies in the region. This, further implies that personal finance is crucial among its people. As such, the people are in a constant search for knowledge on finances so that they can lead desirable lives. This article discusses some personal finance events in Singapore 2020 of note for people seeking more knowledge.
Why is personal finance important to Singaporeans?
In the 2017/18 Household Expenditure Survey, the Singapore Department of Statistics (DOS) found that on average, households in Singapore spend SGD 4,906 per month on necessities. Add to that little luxury expenditures and trips outside the country, and you get close to SGD 10,000 per month. In a year, the estimated average annual household expenditure is approximately SGD 120,000. Clearly, Singaporeans need more than just salary income to survive without loans.
From the foregoing, personal finance entails prudent management of income as well as cultivating a saving culture. In an expensive environment like Singapore, individuals need personal finance skills to lead a peaceful life. Notably, the skills help you to come up with and stick to personal budgets. This spending discipline ensures that one is able to free up some cash for savings. Fortunately, there are numerous events in Singapore that aim at instilling personal finance skills among Singaporeans. Some of these events for the year 2020 are highlighted below.
Family Business Workshop
This event will take place on March 14, 2020. It will run for a single day between 8:30 AM and 6:00 PM. According to the program description, the target audience for this workshop are professionals like lawyers, financial professionals, and experienced coaches. However, there is no strict restrictions on who cannot attend. Instead, anyone who has interests in running a family business or helping other families to run their businesses is welcome. The primary outcome of the workshop is to equip attendees with appropriate and relevant tools for advising family business management.
Interestingly, this program is also relevant for anyone interested in supplementing his or her income with a family business. One of the major principles of personal finance is that you should be able to boost your basic income whenever possible. This enables you to save more hence making it possible to reach your financial goals. Additionally, personal finance entails the ability to locate and exploit an opportunity that generates the most income. If the family business happens to generate higher income, it might end up being your sole job.
Get Rich in Real Estate and Property Investment
This is one of the most important personal finance events in Singapore in 2020. Notably, Get Rich in Real Estate and Property Investment is a seminar focused on Singaporeans who would like to grow and diversify their income. The event organizers acknowledge that one of the keys to successful management of personal finances is income diversification. Therefore, attendees of the event will learn how to set up real estate businesses to create an extra source of income.
Particularly, the attendees will learn how to spot investment opportunities in the real estate market. This includes tricks on how to own properties with little capital as well as the ability to protect their investment from downturns. Notably, lessons will touch specifically on identifying undervalued assets that have a high-profit potential, how to identify the most suitable type of real estate assets, and how to navigate the regulatory landscape of the real estate industry.
Registration for this event is mandatory but free. Fortunately, the event will happen online; hence, no need to stress over travel arrangements. All you need is an email from the organizers with information about the program outline and objectives. Organizers expect the event to run for three hours (from 7:00 PM to 10:00 PM Singapore Standard Time) on Wednesday, January 8, 2020.
Strategy And Stock Picks 1Q2020
This event is set to go live on January 4, 2020. The one-day event will run from 9:30 AM to 3:30 PM. Notably, the event seeks to sensitize Singaporeans on the best time to pick winning stocks through offering valuable insights and information. Analysts from Phillip Securities, led by Paul Chew, will give information about the Singapore Securities Market for the first quarter of 2020. Other analysts will share insights about other potentially profitable markets like Thailand, Malaysia, Hong Kong, and the US.
Registration for the event is mandatory and will cost attendees not more than SGD 12 for the whole session. Other information on display will include the performance of each of the markets in the last quarter (Q42019). Drawing from the happenings, the analysts will offer recommendations on the winning stocks going forward.
Dare to be Female Business Angel workshop # 2: Legal Due Diligence
This event has a special focus on the women of Singapore. The theme is “Dare To Be A Female Business Angel – A Masterclass,” where women will be taken through the process of joining the venture investment world. Notably, the program teaches women to become angel investors in startups that have huge potential in terms of long-term profitability. Specifically, this event takes the attendees through the process of conducting due diligence before injecting the funds.
Intended for a duration of two hours and thirty minutes, the program seeks to explain technical legal terms to the participants. Besides, participants will learn exit strategies, exit rights, and liquidation events, among other things. The event will take place on Tuesday, January 21, 2020.
It might be a cliché, but personal finance is more relevant today among Singaporeans than ever before. As the economy continues to experience doldrums from external events like the US-China trade war and the general slowdown of global economic growth, only the financially well-informed individuals will survive the ensuing problems. Therefore, you should purpose to attend the upcoming events to be on the right side of history.