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The Financial Coconut Podcast
Want Passive Income? Have You Considered Becoming A Franchisee? [Chills w TFC 131]
Are Franchises Really Better Than Any Other Business Ventures? Has the thought of owning a business been on your mind for some time? Starting a franchise can be an exciting way to earn passive income. But is starting franchise worth it? How much do you need to get started? Is being a franchisee better than other options?
Discover more from the team at The Financial Coconut (including all our other shows) @ https://linktr.ee/thefinancialcoconut
The Financial Coconut Podcast is a personal finance platform based in Singapore. Our goal is to educate and provide easy-to-understand information about personal finance topics such as budgeting, investing, retirement planning etc. We believe that personal finance is different for every individual and we aim to provide different perspectives to trigger our audience into paving their own unique path towards their financial goal.
Would you try becoming a franchisee? Or has it been added to your list of possible invesments? Let us know in the comments!
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55. So what is the good life in Singapore? [W&S 55 Ft Forward Singapore]
52:34We’re back with Part 2 of Forward Singapore!A recap; What is Forward Singapore? If you’ve not heard, it is an opportunity for all of us to come together, examine our values and aspirations, and build consensus for our future. What do we, as a people, want to see?We had the hosts engrossed themselves in a lengthy production document (180 pages to be exact), which was a fascinating read. Today we'll continue our thought-provoking discussion around balancing work and life in Singapore and some of the softer topics like family and social issues.Rakaesh and Anthony also want to chat about recent market updates and how certain policies could be improved. One hint: longevity is on the table.With increasing time pressures and a renewed focus on well-being, how can we optimize our daily routines? And what role does the community play in this new normal?Tune in for thoughtful perspectives on striking a sustainable work-life rhythm plus innovative ideas around co-living, multi-generational housing, and more.It'll be an insightful conversation that will help us envision the future of harmony here in the Lion City. You will want to save this.Pro Insights on Brand Building, Profit Tactics and Growth Hacks [Chills 148 feat WorldFirst]
47:44Get ready to step into the dynamic world of e-commerce! In our upcoming podcast episode, we'll introduce you to fascinating entrepreneurs who have found innovative ways to succeed in this ever-evolving industry.Join us as we meet Thomas, the mastermind behind Steady Compounding, and uncover his genius method of monetizing through a paywall.We'll also introduce you to the rising star, Chanel, Founder of Tasty Toastys, and reveal how they cleverly used NFTs to attract a global audience and transformed her dreams into a thriving business empire.But it's not all smooth sailing. We'll tackle the common challenges faced by e-commerce beginners, from payment problems to generating initial traffic.You'll gain valuable insights on branding, monetization, and expanding your market reach straight from successful entrepreneurs. Plus, we'll share expert advice on choosing the right platforms and pricing strategies for your business.If you're ready to take the plunge into the world of e-commerce, join us on our podcast and let us guide you on your path to success. Get ready to turn your dreams into a thriving reality!Also to help our coconuts kick-start your e-commerce journey, you can start saving more when you transfer money abroad! WorldFirst is supercharging its promotion to give you 10x more chances to send funds fee-free from now until April 2024. Register today and enter code “WFTFC01” under the invitation code. SGD150 worth of savings will be yours when you claim your 10 Zero Payment Fee vouchers. Start now - sign up in minutes to lower your overseas costs and boost your bottom line. Click the link before time runs out!Registration link: https://bit.ly/WF-TFC-EventInvitation code: WFTFC01 More details on this promo here: https://www.worldfirst.com/sg/worldfirst-new-sea-user-promotion-terms-and-conditions/Can we build a new Singapore Dream Together [W&S 54 Ft Forward Singapore]
51:42Are you ready to rethink the future of Singapore? On our latest episode, our hosts digested 180 pages from Forward Singapore and will dive deep into the movement and the big ideas it puts forth.The government wants citizens empowered to shape our evolving identity, but is the vision clearer in theory than practice? We'll debate where this plan for progress hits the mark, and where it leaves listeners wanting more.Join us as we dissect themes of new opportunities on the horizon - from entrepreneurship to nurturing local innovation. We'll also question if the support truly matches the responsibility citizens are being asked to take on.Does the path ahead promote true inclusion, or does the journey still favor some over others? Tune in to hear spirited discussion on charting a course for Singapore that writes its next chapter authentically from the ground up.You don't want to miss our candid conversation challenging both praise and critiques of this national framework. Listen now as we move the discussion from page to passion. The future is unwritten - but your voice could help shape where we're headed.Master Your Money Mindset: Unveiling The Secrets Of Financial Persona [OCBC FWI 2023]
43:54Get ready to dive into the fascinating world of financial personas in our latest episode! We'll be exploring how these personalities shape our approach to money, secrets to leverage your financial persona type, and sharing real-life examples — including OCBC’s Financial Wellness Index (FWI) Findings 2023.Discover this new financial persona test, uncover your strengths and weaknesses, and learn effective strategies to manage them. From enthusiastic dreamers to goal-oriented planners, we'll embark on the different financial personalities and their unique approaches.Learn how your inner world influences your financial decisions and why it's important not to get too fixed on labels. Plus, we'll reveal powerful tools like little habits and quarterly balance sheets that can help you achieve your financial goals. Don't miss out on expert tips for managing weaknesses, such as overcoming procrastination and avoiding unnecessary losses.Find out what's your Financial Persona type here: https://go.ocbc.com/fwi-tfcJoin us as we navigate the ever-evolving landscape of financial wellness and uncover the secrets to balancing excitement and creativity with financial success. Stay financially savvy and take the test to explore your own financial personality. You won't want to miss it!Mastering First Impressions : Insider Tips for Interviews to Acing Dates [W&S 53]
43:37We all know that first impressions matter, but how much do they really affect our lives? Get ready for a fun episode as we gather our Financial Coconut Show hosts, Reggie, Dawn, Rakaesh and Sian and get them to reveal their first impressions of each other, and if it changed over time. From appearances to grooming, they explore the impact of first impressions and how they shape relationships and people's perceptions of us. They’ll also share some personal tips on how to make a good first impression for your next job interview, date, or social event. Tune in to this fun and insightful conversation that will make you reconsider the power of first impressions and challenge you to think twice about how you present yourself to the worldHow They Made Millions While The Haters Slept [Chills 146 feat. Tasty Toastys]
57:02Join us for a delicious journey into the wild world of NFTs and entrepreneurship. Our next guests, Chanel and Richmond of Tasty Toastys, who will join us in spilling the beans on creating one of the earliest - and most profitable - NFT projects out there.From grueling late nights to refining strategic launches that sent sales skyrocketing - this story is full of failures and pivots that led to massive success.We'll also get the inside scoop on navigating hype, media attention, and new riches. Plus, learn the real lessons on mental grit, focus, and community that propelled Tasty Toastys into the mainstream.It's an inspiring tale of chasing dreams in the uncharted investing wilds. Don't miss this sweet episode that could satisfy your curious taste around the world of NFTs. Join us!Do Credentials Always Equal Competency? Rethinking Our Trust in Licensed Professionals [W&S 52]
46:02Welcome to our podcast, where we explore the intriguing and sometimes controversial topics that affect our lives.In this episode, we dive into a thought-provoking topic that challenges the level of trust we place in professionals. Today, we have a special guest on our show, the dynamic Sian from LiCaiOhYeah (The Financial Coconut’s Chinese Podcast). He will join us in discussing a sensitive issue that has been making headlines recently: the trust we place in professionals.What does it mean to be a professional? Is it enough to have a certificate or a licence from a reputable organisation? Or do we need more than that to trust someone with our health, education, or finances?We will share our personal stories and opinions on this matter, as well as some insights from experts and research. We will also look at some examples of professionals who have failed to live up to their standards and how that affects their credibility and reputation.This is a podcast that you don’t want to miss, especially if you are a parent, a student, or a consumer of professional services. Don't miss out—tune in and be part of the conversation.REIT Outlook: Pro Forecasts, Strategies and Picks for 2024 [Chills 145 feat. Kenny Loh]
48:49Are you feeling rattled by the turmoil in the REIT market? Tired of seeing red in your portfolio? Tune in to our latest show for a dose of perspective and wisdom to help you ride out the volatility.Our guest is Kenny Law, one of Singapore's top REIT advisors. In a free-flowing conversation, he pulls back the curtain on what's really driving the downturn and sorting the short-term noise from long-term fundamentals.You'll gain insights into subsector performances, management strategies for navigating macro challenges and risks to watch when venturing overseas. Kenny also calls out underperformers who may not make the cut.Most importantly, Kenny shares time-tested principles for maintaining calm amid chaos - from the importance of diversification to focusing on quality. Don't miss this chance to look past the panic and see the hidden values and opportunities others are missing. It just may be the reassurance your portfolio needs. Join us!10,000 Hour Myth: Does It Actually Lead to Success? [W&S 51]
43:16Are you ready to challenge the conventional wisdom about success? Join hosts Reggie, Dawn and Sian as they dive deep into the myth of the 10,000-hour rule. Is it really all about the numbers? In this episode, they unravel the truth behind achieving greatness that could change your perspective on success. Discover surprising insights, personal stories, and valuable lessons that will make you rethink your perspective on achieving greatness. Get ready to discover the real keys to unlocking your potential. Tune in and join the conversation on the The Financial Coconut. You won't want to miss this eye-opening discussion!