What Happened In The SG Budget 2024? What more did we want from CPF Shielding, And Property Tax

Let's talk money! Specifically, the 2024 SG Budget and how it will impact your wallet.
Our speakers join the mic to dissect the government's financial plans and explore the impact on Singapore's future. From economic strategies to social implications, we leave no stone unturned.
We'll examine strategies around hubs, reskilling, and whether certain sectors are being primed for gains or pains. Local concerns around foreigners and costs of living are also on the table.
Speaking of budget allocations, we can't ignore the question of what the government spent well on and what the government might not have spent so well on.
How will targeted growth goals match realities on the ground? What challenges truly face families and younger professionals? Tune in to hear varied views and extract hidden nuances to better understand where we may be headed.
We aim to provide diverse perspectives to inform and get you thinking-not just regurgitate headlines.
So, whether you're a budget enthusiast, a curious citizen, or simply seeking thought-provoking content, this podcast is for you. Get ready to explore the economy, dissect social impacts, and discover the unexpected gems that lie within Singapore's budget.
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Welcome to The Financial Coconut, your source for empowering financial knowledge and unlocking possibilities. Join us as we explore personal finance, investing and more.
Get ready to take control of your financial future and live your best life, financially wise: linkin.bio/thefinancialcoconut
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Disclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions.
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[@PaperPlay_]

🙏 all your time & sharings!

[@TheFinancialCoconutTFC]

Thanks for loving what we do! Cya at the event? Haha 😆

[@foolcj9999]

CPF LIFE PAYOUT IS NOT GUARANTED! that is why ERS is a risk.

[@decki86]

Regarding ERS. 4x or more is great as an option but why is the SA maxed at FRS? I used some simulation so i maybe wrong but this makes it harder for us to reliably compound the SA alone to hit ERS and have to rely on additional injections from OA or cash investments when 55 comes along.

[@TheFinancialCoconutTFC]

Fair statement. We are trying to get CPF on to do an AMA 😎👍🏻

[@Humorousguy64]

Now i see gov themselves not really planning well for our benefits... they just 时到才说.

[@aurora-nn5oj]

50:57 trueeee... want us to have kids but who help me take care???

[@Humorousguy64]

They just allow PR couple here to have reward having baby can already .. they will grab the reward

[@susieho2146]

Give birth is easy. The issue is UPBRINGING

[@evildaddyz]

just be thankful they didn't increase income tax, the 40s above SKILL FUND is to prepare all those to be retrench lah japan already happened what makes you think SG will not

[@Humorousguy64]

Dont need thanks . They give we take

[@foreverone87]

Actually the reskilling also brings a very big point. Why go through traditional poly when you have 6 months diplomas?
Also there are more questions on how well can the re-skilling do for many of us when the demand is for low wage workers rather than high value jobs

[@ltankk]

Hi TFC!! Where do I register for the 23 March event?? 😅

[@TheFinancialCoconutTFC]

thefinancialcoconut.com/financial-wellness-festival-2024/ comeeee :) cya there!

[@ltankk]

@@TheFinancialCoconutTFC Nice! See ya there!

[@TheFinancialCoconutTFC]

@@ltankk We'll see you there!

[@NinJa-qr1sp]

8k++ is median salary for degree holders? Thats insane!!! I think fresh grads these days have it a little too easy with their insane starting pay. No wonder they spending and investing like nobody's business and talking about 2nd property even before securing the first one.

[@TheFinancialCoconutTFC]

Yups 😅 read the MOM report you will see the stats there

[@foolcj9999]

the TLC joker just read the report. the 8k is inclusive of cpf employee and employer and any other cost per head.