DIFC’s Post

Turning 21 in Singapore comes with a handful of responsibilities: 1. Vote for government during elections 2. Decide your own marital status when you found the love of your life 3. Apply for your own credit cards, loans and many others Should a 21years old(YO) receive a chance inheritance(..say few hundred thousands or millions), what will be the reaction of this 21YO? With a well supported property sector in Singapore, it is not uncommon for estate(worth above $1M) are being passed down. Many HDB(aka public housing) apartments’ transacted price has crossed the million dollar mark. Being drop a bombshell to handle such huge inheritance can indeed make or break the person. As parents lets imagine of this occurs to us when we travel back to our 21 and ask, will our children: Will they be as responsible as we are? Will they be as rationale as we are? Will they act the same way we act? If this sprouts some concerns, then it is high time we take a more serious look at how we are holding our assets and leaving it behind should any life events trigger a chance inheritance for them. #estateplanningstartstoday #planwisely

Since my wife and sister-in-law are Thai and have Chinese heritage, I've gotten a lot of money-saving tips from them. Read the full article: An Eastern Perspective: How Do The Chinese Save Money ▸ https://lttr.ai/ALYdD #GongXiFaCai #BIGPriceDrops #ChineseSaveMoney #SaveMoney #StudentLoanPayments

𝐓𝐡𝐞 𝐒𝐭𝐫𝐮𝐠𝐠𝐥𝐞 𝐨𝐟 𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧’𝐬 𝐌𝐢𝐝𝐝𝐥𝐞 𝐂𝐥𝐚𝐬𝐬: 𝐀 𝐂𝐫𝐢𝐬𝐢𝐬 𝐔𝐧𝐯𝐞𝐢𝐥𝐞𝐝 Once a promising class of Pakistan fiscal status middle class which was considered the harbinger of change in the society is on the brink of collapse. cost escalation, wages, stagnated and high taxes are deminishing on their purchasing power and wealth. Sadly, they have no safety nets or even budget to work with as they struggle to provide for themselves while the economy tightens. In this way, due to the lack of attention from the state, fundamental needs which formerly were provided by the state, such as education or healthcare, have become private vices making many people financially drained. It is an urgent stir to wake up and help this single segment of society get back on its feet and be preserved. Read the full article here https://lnkd.in/d6bvThgd

Dive into the inspiring work of @FilmAidKenya by reading the article on the link below! Learn how we use the power of film & media to educate, empower, & transform refugee communities, combat misinformation, and address critical issues. Read more: https://bit.ly/FAK23

This Week In Review: A Snapshot of African Wealth Dynamics — El-Sewedy Family On Rise, Al-Amoudi Sees Wealth Gains in 2023 (Jan. 1 to 5) https://lnkd.in/dWHce4TZ #AfricanBillionaires #BillionairesAfrica #Featured

See my latest EFN column below 👇

The systemic power that causes many to question where they belong and walk through finding the truth impacts First Nations, Métis and Inuit seeking their identity as they search through records. One part of this identity crisis is contributed by Indian Agents that came through (purposely through hunting season) using different terminology as they registered Métis... some used the term 'Half breed', others 'Bois-brûlés', 'Mixed blood', 'Half-caste', 'Creoles', 'Voyageurs', 'Coureurs de bois', (which means wood runners) 'Country born', 'Black scots', 'Breeds' and 'Metis Anglais' or in Inuit the Disc Number system, and Inuktized them as Canadian North found Inuit naming traditions confusing, forcing them to adopt Euro-Christian gender-specific names, and surnames. The term metis (without an accent on the e and often a small “m”) means one who is of combined First Nation and European descent. This term comes from the French word, metisse, which means “mixed.” These individuals are not necessarily part of the Métis Nation. It's a history of complexity that is constantly being unpacked. Even though amendments in 1985 were made to entitlement of status that was no longer based on gender, and to restore the status of women who had lost it through marriage to non-Indian Status men, this is still something that has contributed to the loss of identity. It's more than just treaty rights. It's the destructive policies that created harm as people seek documentation to support their connections and unpack their lineage. Inuit and Métis do not have status, just like Non-Status Indians... aka Settlers. However, in separate judgments, the Supreme Court ruled that Métis and Inuit are the responsibility of the federal government (as opposed to provincial or territorial governments). Working with historical records that document experiences of genocide, assimilation, and oppression, as well as the inherent anti-Indigenous bias and offensive language in these records, can create feelings of distress, grief, and pain for many. Reconciliation must begin with an understanding of shared truths regarding our colonial past and present as we work towards a better future. https://lnkd.in/gPfrxc_X

HAPPY LOVE MONTH! Most people's money problems have a lot more to do with how they allocate their incomes and less to do with how much they earn. Financial planning is the method of consciously deciding how to allocate our resources, whether money or time. Example, investing is one of the key elements of financial planning. It allows you the potential to build wealth for the future and for retirement. We are here to teach you what and how is the process of creating a plan to review & allocate your money - income, expenses & investments - towards your financial aspirations & goals. Join us in our mission to bridge the protection gap in Filipino households by providing financial planning and solutions on February 3, 2024, 1PM @ Genesis by AIA, Araneta City, Cubao, QC. This is a free seminar with limited slots only. Click here to reserve a slot now: cardinalbuoy.com/seminar #WeAreCBF #GuidingYou #OFWchampion #FinancialPlanningForTheFastChangingWor https://lnkd.in/gJ4cTerb

Having your family together for the holidays makes it a great time to talk about money, inheritance, or creating a plan for your whole family’s wealth. 💰👪 But asking your relatives how they want their assets handled when they die or if they become incapacitated might not go over well while opening presents or carving a turkey. 😣 To keep your family from feeling blindsided by the conversation, read this week’s blog.▶️ https://lnkd.in/gR8y9wSB #oaktreelawfirm #MNattorney #MNestateplanningattorney #MNimmigrationattorney #MNfamilylaw #estateplan #willsandtrusts #powerofattorney #healthcaredirectives #assetprotection #legacybuilding #familylegacy #MNmom #MNdad #immigrationlaw #familylaw #landlord #tenant

In the latest edition of the IUHF Journal, I had the pleasure of sharing authorship of the LAC Column with Flavia Leite. Based on ECLAC’s recent updated outlook on poverty and extreme poverty in the region, Flavia and I reflected upon the relationships between socioeconomic status and housing finance and wealth. According to ECLAC (2023), 29 % of the LAC’s population were poor and 11.2% were extremely poor in 2022! The design of effective housing policies requires a profound understanding of the links between poverty and housing deficit, between poverty and access to mortgage loans or rental, between poverty and sustainable long-term adequate housing access, and between poverty and the returns from homeownership. Schemes that foster homeownership, regardless of the ability of households to sustain housing expenditures beyond installments, may even agravate poverty. I hope the article fosters more debate.  https://lnkd.in/dz4pcUF4