Author: Heartland Boy

What Baby Insurance I Bought For My Child

One of the strategies that the Heartland Couple adopted as first-time parents was division of labour. As simple as it sounds, it helps to minimise duplication of efforts and keep their sanity in check. As a counsellor, Heartland Girl naturally gravitated towards topics such as well-being and communication. Meanwhile, since Heartland Boy is passionate about personal finance, he took on the (no-less important) responsibility of purchasing insurance policies for his newborn. He got his independent financial advisor to propose the best policies available in the market at that time and compare the pros and cons of each policy plan....

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My HDB BTO renovation experience with an interior design company

When Heartland Boy’s supervisor at work asked him how his renovation experience was, he replied matter-of-factly, “No major issues so far and they handed over within the timeline as well”. Heartland Boy’s supervisor was surprised and commented that Heartland Boy was incredibly lucky. Indeed, luck could have played a part but Heartland Boy thought that due diligence efforts should not be overlooked either. This is his HDB BTO renovation experience with an interior design company and find out why he would recommend the services of his interior designer in this blog review. Interior designer or renovation contractor from hell...

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Boustead Projects Limited: Initiation Report

Boustead Projects Limited (‘BP’) is a leading industrial real estate solution provider listed on the SGX. It provides high-specifications industrial projects that are built to suit its clients’ needs on a turnkey basis. It is also the real estate business arm of mainboard-listed, engineering services group Boustead Singapore. By way of issuance of dividends in specie of BP shares from Boustead Singapore, BP IPO-ed on 30 April 2015 at 88 cents with ticker code SGX:AVM.  As at 21 June 2019, it has a market capitalisation of SGD$285 million. The business model of BP is plain and simple; it offers...

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The Open Re-Offer Of Balance HDB Flats Sales Exercise- First Come First Served!

HDB recently launched a new HDB Sales scheme whereby would-be home owners can choose to apply for unselected flats from the Re-Offer of Balance Flats (‘ROF’) pool at any time of the year! This was the “new scheme” that the National Development Minister was talking about on his blog back in February 2019. Being curious, Heartland Boy decided to delve deeper into this new scheme and see see which group of aspiring home owner can potentially benefit from it! Open Booking of Unselected Flats from ROF Pool Funny thing is that the Ministry did not come up with a...

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How to hire transfer maid without maid agency in Singapore

With a newborn and a new house to take care of, the Heartland family are constantly exhausted from all the household chores.  With both of them having full-time jobs to handle, they needed to outsource some of the more menial daily activities to an external person. They tried a part-time maid but that was not a perfect solution for their household. As such, they commenced their search for a foreign domestic worker (‘FDW’), or commonly known as maid or domestic helper in Singapore. They took the unorthodox path of applying for a transfer maid without the help of a...

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OCBC 360 Savings Account Changes Yet Again… But For The Better

OCBC 360 Savings Account has made its 4th major change in 5 years. Heartland Boy knows that you are probably getting change fatigue by now, especially if you are one of those early adopters back in 2014. However, hear him out (i.e. read this article) as there’s only good news to share this time round. That’s right, savers should rejoice as OCBC has handed out goodies without taking anything away. Yes, OCBC 360 Savings Account changes yet again, but for the better this time round. Effective Salary Bonus Is Now 1.6% From 1 April 2019 onwards, the Salary Bonus...

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With ShopBack Button You Will Never Miss Out On Free Money Online Again

Heartland Boy has been a loyal user of ShopBack for several years now but a couple of things still annoy him: Forgetting to go to merchant store via the ShopBack website; Purchasing from a merchant store not realising that it is listed on ShopBack Such careless mistakes have agonizingly led to some hard-earned cashback going down the drain. #leakage However, such heart-rending episodes shall now be a thing of the past as ShopBack has launched an improved version of the ShopBack Button. If you have installed ShopBack Button (you get $5 cashback bonus on your first purchase) just like...

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How To Easily Earn Up To 3.5% Cashback On HSBC Advance Credit Card

For the past year, Heartland Boy has only been receiving up to 2.5% cashback on his HSBC Advance Credit card. That was because he did not think it was worthwhile to qualify for a HSBC Advance Banking relationship just to earn an additional percentage of cashback on the HSBC Advance Credit card. However, a recent chat with a friend at a wedding lunch made him realise that there are actually a variety of ways to qualify for HSBC Advance status. One of them has such a low barrier to entry that almost ANYONE can qualify for HSBC Advance! Here...

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DBS Multiplier Has Upped Its Game Once Again

Back in 2017 when DBS Multiplier 2.0 was launched, Heartland Boy and Heartland Girl each opened a DBS Multiplier Account online. They even went one step further by opening a POSB eEveryday Savings Account at the bank branch. A joint bank savings account with POSB allows each of their DBS Multiplier accounts to aggregate both their salaries that have been credited into the joint account as eligible transactions. Heartland Boy’s plan to optimize their DBS Multiplier accounts has allowed the Heartland Couple to enjoy high interest rates on their savings with relative ease. Indeed, the journey has been nothing...

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Why Attend REITs Symposium 2019

The long-anticipated annual REITs Symposium 2019 is scheduled to be held on 18 May 2019 (Saturday) at Sands Expo and Convention Centre, Marina Bay Sands. Online tickets are going for only $15 and first 30 readers of Heartland Boy will also receive a mystery gift worth $25 (more details on that later). REITs Symposium 2019 will be a congregation of over 75% of the REITs listed on the SGX and therefore represents the only setting whereby the public can interact with a large number of REIT-managers at one go. The REITs scene in Singapore has developed into one of...

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Investment Quadrant Course Review And Why You Should Sign Up

Heartland Boy is depending on his investments returns to generate passive income during his retirement. As 2018 was not a very kind year in terms of his investment portfolio returns, he decided to brush up his investment skills. Therefore, he attended the Investment Quadrant Course 2.0 organized by the Fifth Person back in June 2018. On hindsight, he was glad he did because he could hardly devote such precious weekends now that he has become a dad. Investment Quadrant is based on 4 core principals of Business, Management, Financial and Valuation. As such, Heartland Boy is going to review...

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Why It Is Important To Purchase Home Insurance

Buying a house in itself is already a big-ticket item. As a home is a place where you spend a significant amount of time at, it is understandable that you would want to spruce up the place to your desires. According to Qanvast, the average HDB renovation cost is approximately $53,000. This excludes another estimated $30,000 that is likely to be spent on white goods such as electrical appliances and loose furniture. Having incurred such a large sum of money on renovation and fitting out, you definitely want to ensure that the value is well protected. To illustrate why...

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Why I Sold Off ESR-REIT After Its Merger With Viva Industrial Trust

Heartland Boy originally owned Viva Industrial Trust (‘VIT’) when he purchased some units at 76 cents back in January 2017. ESR-REIT acquired VIT at $0.96 per unit, of which 10% was paid in cash and the rest in new ESR-REIT units issued at $0.54. That is the background of how Heartland Boy came to own ESR-REIT, ticker code J91U, in his portfolio. On 26 March 2019, he divested all his shareholding in ESR-REIT at a unit price of $0.535. After conducting a review of its short-term outlook, here are the reasons why he sold off ESR-REIT after its merger...

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How To Write A Will Online In Singapore

With the birth of his daughter, Heartland Boy has a genuine dependent on his hands now. This has prompted him and his wife to review their insurance policies to ensure that they are comprehensive enough to cater for an additional dependent should anything untoward happen to them. The next major financial action to take is to write his own will after such a life-changing event. This led him to MoneyOwl, which provides online will writing services in Singapore. Why Heartland Boy Is Writing A Will 1. He decides on how his estate are distributed If Heartland Boy passes away...

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Why Perform A CPF Top-Up To Spouse’s Retirement Account

Confucian teachings have perpetuated the belief that the role of a woman lies in reproduction and managing the household. Therefore, for folks who are aged over 55 today, they probably grow up in a society where it is common to have only one sole breadwinner in the family. An inconsequential result of this social norm in modern Singapore is that woman retirees today have had lesser years to build up their retirement savings. Many of them have low CPF balances and Heartland Boy’s mother-in-law was unfortunately one of them. However, his father-in-law performed a CPF top-up to his spouse’s...

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