Last Updated on May 2, 2022 by Chin Yi Xuan
It’s funny how I am graduating from university in a month time, yet I am of mixed feelings about graduating.
Seriously, what did we learn in school?
We spent near to 20 years in schools, yet these education institutions have failed to educate us how to manage adulthood issues – How do I manage stress (properly)? How do I manage my monthly income? How can I structure my spending and investments to manage my student loans and afford a house by my 30s?
Keep diving into this and we will come to realize that we have learned close to minimal life skills in the lecture hall. Due to the lack of formal discussion on adulthood challenges, we tend to dismiss (proper) conversations about them in our life.
As an example, it is so hard for people to acknowledge that they are having issues (stress/depression, money, relationship etc), and it is even harder for them to seek help and guidance – because the society, in general, does not embrace these conversations openly.
The purpose of No Money Lah
That’s why it is so important to write and talk openly about adulthood issues, or rather the journey of having these challenges and facing them one at a time.
No Money Lah is about my journey in this new chapter of life – but it is more than that.
No Money Lah is where I share my new findings in life. No Money Lah is where I share my greatest life challenges. No Money Lah is where I share my deepest failures.
The most important of all, No Money Lah is where you know you are not alone in this adulthood journey.
I am graduating in a month time. I am fearful of the uncertainties, yet I am excited for what’s to come.
Till the next article!
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Chin Yi Xuan
Hi there! I am Yi Xuan. I am a writer, personal finance & REIT enthusiast, and a developing trader with the goal to become a full-time funded trader. Every week, I write about my personal learnings & discovery about life, money, and the market.
This conversation is really lacking. Looking forward to your future posts!
Hey Sina!
Thanks for your feedback! Will work on the content and come out with more solid ones in time!
Cheers,
Yi Xuan
Hi Yi Xuan. Thanks for the courage to bringing us into a more in-depth reading, particularly about money management, stress, and education. I find that the sharing is similar with most of the 90s. I am still a postgraduate full-time research science student and being lost of what I’m doing and what I’m going to pursue in the the future. Understand that research journey is like running an endless marathon. Although I am a science student, but I strongly agree that finance is a must-learn knowledge that applies to everyone in our lives. Yet, sometimes I feel that I am living “outside of the earth” for not having any basics in finance knowledge. Come across with your blog makes me “stay-connected” and “close the gap” with my friends who studies business (or some who are doing own business).
Although I am a student, I have recently invested in AmInvest PRS (knowing the importance of saving money for retirement). I am grateful if you can share about the principle and investment for private retirement scheme. What is the expected return of investment amount? How do you calculate or estimate the investment? What is the minimum amount for retirement needed for each generation?
Also, what is your opinion about FD? What other investments are suitable for people, especially for newbies (like me)? What are the risks?
Looking forward for your genuine and inspiring sharings.
Regards,
Ming Yue
Hi Ming Yue!
Thanks for writing in and I am glad that you find No Money Lah’s article useful for you! Indeed we have to take the initiative to learn about basic money management skills no matter our background. All the very best in your effort!
I’ve recently shared abt PRS (https://nomoneylah.com/2018/12/05/3-simple-prs-hacks/), where you can find some details on which fund to invest in.
Essentially, pay attention not just on the Average Return, but also on the Standard Deviation (potential fluctuation) and Sharpe Ratio (positive number means better fund return capability).
As for the minimum amount for retirement, I have yet to research into this matter in detailed, but for sure will write about it in the near future!
I do not recommend putting large amount of your savings into FD, as it would normally be beaten down by inflation. Instead, I suggest to take some time to learn about investment so you can learn how to build your personal passive income portfolio that will beat inflation and give you a better return.
For beginners (and even anyone else), I would highly recommend investing in Real Estate Investment Trust (REIT) [ https://nomoneylah.com/2018/11/28/4-key-differences-between-reit-and-rental-property/ ], as they are relatively stable stock investments and is a great passive income stream.
If you are interested, I will be conducting my personal investing sharing workshop soon. Just fill up the form here so I can inform you when the registration is open! (https://goo.gl/forms/IP4EXTWzycVgSreJ2)
Hope it helps!
Regards,
Yi Xuan