Most people at age 30 are embarking on their careers, starting families and making grand life plans, but financial content editor Angela Tengused that milestone to kick-start her ambitious plan to retire at just 48.
Ms Teng, now 36, has crunched the numbers and kept that lofty goal uppermost in her mind: “I have calculated a conservative expenditure of $1,500 a month for my daily needs after I retire.
Read the full article here.
With 2025 on the horizon, it's time to make our resolutions for the new year and set fresh intentions – not just for life, but also to attain stronger financial security and growth, to better fuel these goals. What do women want to achieve financially in the next 12 months, and how can they start on the right foot?
Her World Singapore gathered some burning questions and asked a panel of financial experts, including our very own Angela Teng, Head of Editorial at The Simple Sum, for their advice to better inform ones money goals in the new year.
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October 28, 2024 — No Comments
The Simple Sum, a Singapore-headquartered financial literacy platform, today releases its first book titled What’s Keeping You Broke? An Illustrated Guide to Financial Freedom.
What’s Keeping You Broke? simplifies complex financial concepts, offering an engaging, practical guide to managing personal finance through The Simple Sum’s signature colourful illustrations. It helps readers identify hidden forces undermining their financial goals and provides actionable tips to manage their money better. With examples, quizzes, and templates, it equips readers with the tools to improve financial literacy, build financial resilience, and ultimately achieve financial independence.
Read the full press release here.
May 13, 2024 — Comments are off for this post.
What is the fastest way to save more money for fresh graduates who have just started their careers? In the latest episode of CNA's Money Mind, The Simple Sum's Head of Editorial Angela Teng shares her top tips to stay on track toward one's savings goal, and how having a roadmap is important to ensure success.
Watch the full interview in the link here.
March 4, 2024 — Comments are off for this post.
Finances are one of the most common sources of tension in relationships, and a seemingly small issue could become a significant source of stress over time if not addressed properly.
The Simple Sum's Editorial Director Angela Teng and her husband speak to The Business Times' Kim Siang Lee on how they resolve issues around money and maintain a healthy, honest relationship in this episode of BT Money Hacks.
Listen to the full podcast here.
February 9, 2024 — Comments are off for this post.
Golden Equator Group has refreshed its business structure, putting a renewed focus on building linkages between the older and younger generations of wealth owners.
It aims to grow its assets under management (AUM) to US$1 billion over the next couple of years, from the current “integrated” asset size of US$600 million, which includes wealth assets and private capital funds.
Golden Equator Group has two main business pillars – capital and community. Most of the AUM sits in the capital segment, comprising the multi-family-office (MFO) service under Golden Equator Wealth, and private capital funds under Golden Equator Capital.
To beef up the MFO business, the firm roped in two finance veterans last year. Formerly with Credit Suisse, Rai Rummaan Kharal joined as a managing partner of wealth and capital, and Haroon Tufail as an executive director. They are part of a plan to grow the team of family office advisers.
Says Golden Equator founder and Group CEO Shirley Crystal Chua: “With more senior family office advisers on board, they bring strong in-market and regional experience, and, where it makes sense, they will explore the possibility of establishing our presence in other markets.”
To read the full article, click here.
November 7, 2023 — Comments are off for this post.
Golden Equator Wealth (GEW) is aiming to grow its assets under management (AUM) by another $1 billion, according to founder Shirley Crystal Chua in a conversation with finews.asia.
The multi-family office (MFO) specified no timeline for achieving this goal but noted that growth would be driven by its home market in Singapore as well as a planned 2024 entry into a second market: Dubai.
Read the full interview in the link here.
September 21, 2023 — Comments are off for this post.
Wealth management industry players said the recent probe into a money laundering ring should be viewed in a positive light, and should enhance Singapore’s position as a hub for the region’s richest.
Authorities in August conducted several simultaneous raids and seized the assets of 10 individuals, who have been charged for alleged forgery, money laundering and/or resisting lawful apprehension. The value of the assets seized has since grown to S$2.4 billion, making this the largest anti-money laundering operation in Singapore’s history.
Some players flagged a risk that the crackdown would spur the implementation of measures that are even more stringent.
Such moves could put off clients who prioritise both security and efficiency in transactions, said Shirley Crystal Chua, founder and group chief executive of multi-family office Golden Equator Wealth. "Overly stringent measures may slow down the opening of accounts and result in additional barriers to overseas funds", she added.
Read the full article here.
September 5, 2023 — Comments are off for this post.
The media landscape has evolved, with the proliferation of social media and mobile technology giving voice – and the power to influence those seeking information – to a new generation of content producers. It is against this backdrop of change and transition that the SGX Orb Awards seeks to recognise excellence in financial news and content.
Now in its sixth edition, this year’s special category accepted entries only from next-generation investors – students from around the world with an interest in the financial markets – challenging them to imagine the future of finance and Asia’s role in it.
The winners of five categories were unveiled at SGX Group’s annual Media Appreciation Night, which was held on 5 September 2023 evening.
The Simple Sum took home TheGoTo prize, the award for the best digital platform that enhances financial education.
To view the full list of winners, click here.
August 18, 2023 — Comments are off for this post.
Fifty Korean startups chosen for the KOSME K-Unicorn Academy organized by Korea SMEs & Startups Agency (KOSME), are engaging in valuable online mentorship sessions led by international venture capitalists and investment experts. On July 27, August 3 and August 10, the startup founders delved into Singapore-focused sessions guided by Eugene Noh, Deputy Director of NUS Enterprise, and Cindy Teoh, Investor at Micdrop Capital.
On August 10, Andrew Kim, CEO & Founder of Fynd, recruiting & talent management platform for startups and companies, talked to the participants about his company and the recruitment processes for startups and the importance of talent acquisition. In the next session, Jean Yeow, Associate Director from Golden Equator Capital, gave insights on IR Deck pitches by startup founders as they met for one-on-one sessions.
Click here to read the full article.
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