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Our Thrift blog is about saving money, but we also believe that one should learn how to increase their income too (so to boost higher savings too).

In the current ‘millennial’ generation, many young people are being accused to being weak, poor in skills, poor in EQ, yet demanding high pay, and less work. Now, if you are a millennial, don’t get angry. There are reasons why the older generation sees us this way.

But hey, whatever impression they have you on, doesn’t mean that’s true!

Now, if you are new in workforce and looking to progress up the career ladder faster than your peers, then here’s an important skill that you have to learn.

And this skill is not a difficult skill. It’s an important skill, but not taught in schools, not even in university levels. If you possess this skill, you will be seen as more credible, more confident, and more reliable than your peers, hence giving you an unfair advantage over them.

And that skill is…

Public Speaking & Presentation skills. 

Now, you may say this skill is so easy. I can speak and present well in front of others. Heck, you have been doing so many of these presentation during university classes!

But hey, the thing is not about just speaking or presenting.  It is knowing how to present, what to say, when to say it. How to say it well, how to speak in a way the evokes confidence. How do you speak to a group of people to motivate them when they are down. All these are important as a skill.

Why you need this skill. 

Executives are always looking for talents to train them up to lead teams when corporations grow. And one important skill they look for is public speaking skills.

When you can speak confidently in public, you are showing your boss that you are able to command attention whenever you speak. You are able to give clear instructions whenever it is needed. You show that you can lead.

How to learn this skill

Public speaking skill is a learnable skill. Some people claims it is an in-born talent because their parents are presenters, hence, it is ‘natural’ for their kids to speak well too. Nah, that is wrong. Presenting and public speaking is a learnable skill. Anyone can learn it.

To learn this skill, you can learn from a public speaking coach, or join a presentation skills training workshop. By putting in time and effort to learn, you are equipped with certain skills before your next presentation.

To fully master the art of speaking confidently, you simply have to speak more, speak well, speak often. Get more stage them in front of people. If there’s an opportunity for you to present in front of others (or even better, present on behalf on your boss), grab it! That is where you get the opportunity to shine, to lead.

As you progress up the corporate ladder, you will have to speak more, present more, from a small crowd to a larger and larger crowd. You will do less, but you will lead more. You will execute more, but you will decide more. A lot of decision making processes taking place at the same time.

But with good public speakings, you will be able to pass on instructions clearly to each and every team, and thus, gainly respect from your team when the project is well done.

That’s all for the tip! Go start grabbing opportunities to speak well and present well now!

Saving Money?

Oh! That’s easy!

But why so many people fail to save any money, even after really putting money into the bank?

And how come at the end of the month, or the year, nothing much is in their savings account, after all their saving efforts?

Here’s why:

Many savings account ARE NOT savings account!

Most people save their money by putting their money in their own bank account- be it POSB, UOB, or OCBC, the common Singapore banks.

But the thing is, they only have 1 account for everything! Their pay, their expenses, their mortgage… everything!

So the problem comes when they need to save, but also need to spend at the same time!

How can they know how much they can spend, how much they have saved?

That is why, many people thought they have saved $1000 a month, but in fact at the end of the month, they have withdrawn $1500 for other expenses! They draw out more money than they put in!

So what’s the real easy way to REALLY save money?

Simply get a separate account!

But wait.

Is it really that simple? How come not many people does that?

Yes. It’s that really simple. But many people hate to do that because they can’t bare to put their money away in another account that makes it hard for them to withdraw money. Imagine, if they need to touch their savings account, they need to use another card to withdraw. This inconvenience makes people think twice about taking out the money.

And to make sure you are disciplined about saving money, make it even hard for you to withdraw any money from there!

You can put away your ATM card, or simply don’t have one at all! When you make it difficult, your money in that account will STAY in that account.

Now, there you have, a REAL saving account!

Below is a video on how you can save money… everyday.

A really short video to explain how you can save money, but not spending money recklessly. And it is made by a bank who wants you to save more money!

As mentioned in previous blog post about money, many people today are spending way too much, and saving too little (or not saving at all). This is a grave problem that is supposed to be stopped.

But if you are a Singaporean, you would have the CPF system to help you. But again, you still have to help yourself by saving your personal money so that you always have enough for rainy days.

We hope you learn a tip or two on how to save money really easily. Start today. Now.

Follow our money saving blog for more!

Welcome to our website – Thrift.

Thrift gives every one the impression of frugal, scrimping cents for living. It means saving up money to lead a low life which comprises basic lifestyle.

That’s not what we do.

But we call our website Thrift for a reason. 

We want to promote financial literacy among the new generation. Our current generation thrives on spending on credit, instant gratification, spend now save later… all the financial mistakes the previous generation do not want to make.

However, as our society gets wealthier, we are living in a place where we can get whatever we want, at any time we want. We do not live in lack. Hence, we always believe that we will never be poor again. And this is where the mindset of complacency comes in. We spend whatever and whenever we like, without thinking.

This has caused many of our millennials facing financial difficulty even when they are getting high salary, sometimes much higher than their parents. Why is this so? Where has their money gone? (don’t ask them. They don’t know either!)

This is why Thrift is born. 

We seek to educate the new generation how to manage their money better. How to use their money better. How to save their money better. How to have more without scrimping their entire life. How to make more money, save more money, and never worry about money.

We believe that if one person can benefit and learn how to manage their money better, it will encourage more people to learn and benefit from it, and slowly the entire society will benefit.

We hope you will support us in our journey to help more people in their financial literacy.

To kick start, this video by renowned author Brian Tracy shows you how to save money.