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I woke up this morning, feeling excited. I was scheduled to undergo a learning journey to Government of Singapore Investment Corporation. I had never been there before, so I was eager to witness a side of Singapore I had yet to experience.
GIC is one of three companies managing Singapore’s financial reserves alongside the Monetary Authority of Singapore (MAS) and Temasek Holdings. These reserves are meant to facilitate our country’s development of different areas as well as tide it over difficult times. I like how its complex roles have been distilled into easy-to-remember aims:
I was there for a financial literacy workshop. As you can tell from the picture, the Rule of Three was effectively leveraged. Participants were instantly made aware of the three objectives: differentiating between needs and wants, saving to combat inflation, and creating a budget.
TIL the term ‘habitude’. Apparently, it is a composite of ‘habit’ and ‘attitude’. I especially enjoyed reading the six different profiles and choosing the habitude character that resonated with me the best.
I don’t think I’m an irresponsible spender, but I do like being spontaneous and living in the moment. I like how a balanced portrayal of each Habitude character is given.
Aside from the workshop, I enjoyed the spectacular view of my country’s towering landscape.
It isn’t just all concrete, though because its in-house cafe houses a quaint office farm.
I imagine the staff working there would become quite immune to these motivational statements outside the meeting rooms. However, I was quite captivated by them since it was my first visit. Ngl, my heart stirred a bit. I could feel patriotism coursing through my veins.
In all, I’m grateful for the opportunity to have visited GIC. I think it’s an awfully decent move by the management to hold financial literacy workshops for young people and open their hearts and minds to the important topic of money management.
I'm not sure if I'm a Planning Peiling or a Security Suhaila.
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Do we ever truly know ourselves?
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Even some of the Spontaneous Salimi resonated with me.
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24 sats \ 1 reply \ @kurszusz 7 Mar
Fact: You can learn a lot from financial giants, like GIC.
But you need to be conscious about that they not told "backstage secrets" on a workshop, like this. You need to have the initiative to ask, and to ask not just "simple" questions... After several "meetings", or if you will be employed to this company, you will find the right answers, and the real process they work with / use.
As a first step it's also great to visit the company, and to get some general info's.
Congrats mate, I hope you enjoyed the meeting. If you will have the opportunity in the future, don't miss a second visit.
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Indeed. I hope to have exclusive opportunities to learn about what goes behind the scenes haha
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Any mention of Bitcoin during the financial literacy workshop?
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Erm nope. We are very backward. We consider Bitcoin as a cryptocurrency haha
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What's the level of trust people have in their government in Singapore? It's refreshing to read your takes on a system that seems to be mostly functioning and at the service of the citizens. Are you representative of your fellow countrymen in that respect?
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I would say that we mostly trust our government to get things done, even though the rising sentiment is that the ruling party has lost touch with the voices on the ground. I guess our increasing disillusionment reflects our high expectations and faith that our government can resolve challenges more equitably - if it wants to.
I think this is best illustrated in our Central Provident Fund (CPF), a nationwide retirement annuity fund. People actively top up their accounts to benefit from tax subsidies - but we don’t include our CPF amounts as part of our net worth (maybe for fear that something wrong will happen to the ruling party or the system)
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You may want to read the GIC reports to have a general sense of how it is doing. A friend sent me the link just now: https://report.gic.com.sg/investment-report.html
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Beating inflation, that's already good...
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