According to Clason, the road to personal financial success starts by taking one simple but very important step — setting aside and investing a portion of your income. It is what modern proponents personal financial freedom promote as paying yourself first. And as US billionaire Warren Buffet says “Don’t save what is left after spending, spend what is left after saving”.
Finance-savvy Singaporeans are increasingly using digital means to enhance their understanding of and buy financial products, according to Google’s first Asia-Pacific report on financial services.
The report was launched together with Google’s APAC financial dashboard, which shares insights on how consumers from 10 countries in the region are searching for financial products.
Search demand for financial products grew 11 percent year-on-year in Singapore, Google said, with a massive 28 percent increase in mobile search. At 91 percent, mobile penetration in Singapore is the joint-highest in Asia.
Softline Seed Fund – a joint venture between Softline Group and Russian Venture Company’s seed fund – led the investment round, purchasing a minority stake for RUB 15 million. Da Vinci Capital, a leading emerging markets private equity fund manager, also co-invested in the deal from its co-investment fund.
Launched in 2016, Finvale develops innovative fintech marketplace for trading financial products as well as risk management and other solutions for traders. The Finvale platform facilitates the distribution of financial products by leading brokerages and commercial banks throughout Russia. Finvale also envisions opening its platform to non-financial products and expanding it to international markets.
Elena Volontovskaya, head of the Softline Seed Fund, said, “Our strategy is to finance breakthrough information technologies. Finvale will provide unique opportunities for professional investors throughout Russia to get fast, simple and efficient access to financial products.”
Da Vinci Capital managing partner Oleg Jelezko added, “online trading platforms are becoming increasingly popular with financial sector clients. In the future, the purchase of financial products will not differ significantly from the purchase of other goods and services on the internet.”
Nationwide Building Society has removed the early settlement charge on personal loans, for both new and existing customers, in a bid to make borrowing fairer.
The Normandale Economics Institute will host its annual financial literacy program this week in Bloomington.
The presentations are 9:30-10:50 am and 12:30-1:50 pm Tuesday, April 4, in the Kopp Student Center Garden Room of Normandale Community College, 9700 France Ave.
The keynote speakers are Brett Machtig and Josh Gronholz from Capital Advisory Group Advisory Services. Machtig and Gronholz, who will speak at 9:30 am, will present “A Twenty-Something’s Guide to Financial Freedom.”
There will also be a presentation on “Planning and Investing to reach Financial Freedom” at 12:30 pm, presented by the NEI, Phi Theta Kappa and Normandale Business Club.
Attorney Joan Keston practices Elder Law with offices in Wilmington and Southport She was a legal consultant and business attorney until she had to manage her husband becoming ill her parents aging. She learned some lessons the hard way and switched her focus to Elder Law. Joan offers free seminars called Life Care Planning, an Integrative Approach to Elder Law, Estate Planning, and Asset Protection. Listen above to hear Joan talk about misunderstandings, Power of Attorney, and scams directed at the elderly.
Joan is holding 2 free seminars in April: April 25th at 4:30pm at Landfall Executive Suites, and April 27th at 2:30pm at St. James Community Center in Southport.