For the average Singaporean, a single HDB flat is often their largest asset, with most 4-room flats now valued at over $500,0001. Beyond that, many also have CPF savings and some cash, all of which contribute to their overall financial picture. In fact, the mean net worth per adult in Singapore is $516,991 which is […]

In 2012, a tragic accident at Changi Airport took the life of a worker, leaving his widow, Madam Pusparani Mohan, and their four young children in debt. After her husband’s death, the family received nearly $1 million from insurance payouts and public donations, which could have provided financial security.1 Unfortunately, Madam Pusparani, having no experience […]