Daisy and Ruiming's financial habits

Managing finances while renting

Using Grab or taxis for work

Covid-19: Gen Z's changing money views

Daisy: Working since 15, on influencer career

Ruiming & Daisy: Achieving financial freedom

This generation, it appears in a survey result too, is not afraid to spend immediately for happiness or instant gratification, but they do so within their means.

Synopsis: Every second Monday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

It used to be that avocado toast was the symbol of millennial extravagance, infamous for dashing that generation’s chance of ever owning property - at least, according to Tim Gurner. 

The Australian real estate millionaire in 2017 said that millennials should stop spending $19 for avocado toast if they ever want to own homes. Over half a decade since the rise of the avocado millennial, Gen Z - those born 1997 to 2012 - have outstripped them in splurging. And mostly, for pleasure. 

Just in Singapore, we’re seeing 20-somethings fork out $10,000 for holidays and almost just as much to catch Taylor Swift overseas. But a recent IPS study found that the young are still spending within their means. 

Still, are they putting aside enough funds for a rainy day in the future? 

In this episode, ST assistant podcast editor Lynda Hong and co-host and STNow reporter Carmen Sin speak with their two guests to find out if youths are caught in a financial jam between spending and saving the fruits of their labour. 

Having saved his first $100,000 at age 28, He Ruiming, now 35 and co-founder of personal finance blog The Woke Salaryman, urges disciplined financial perspectives for Gen Z. 

Joining the discussion is Daisy Anne Mitchell, 26, who is British but has lived and studied in schools in Singapore since she was five. She has worked two full-time jobs after graduating from school, but made a U-turn to freelancing and working as an influencer now - where she has gotten flak online for being candid about her cashflow. 

Highlights (click/tap above):

2:15 Eating broccoli and chicken for three years? Freelancing as a career - Ruiming and Daisy share their habits on saving, earning and spending

9:30 Managing financial prudence even when renting

16:38 Taking private hire transport like Grab or taxis to work: Is that prudent all the time?

21:26 Why Daisy thinks that the recent Covid era has reduced the value of money for Gen Zers

28:12 Daisy on her working life since she was 15, and discusses how an influencer career has worked for her

33:59 Ruiming and Daisy on gaining financial freedom 

Produced by: Carmen Sin (carmensin@sph.com.sg), Lynda Hong (lyndahong@sph.com.sg), Ernest Luis & Hadyu Rahim

Edited by: Hadyu Rahim 

Follow In Your Opinion Podcast here and get notified for new episode drops:

Channel: https://str.sg/w7Qt

Apple Podcasts: https://str.sg/wukb

Spotify: https://str.sg/w7sV

ST Podcasts YouTube: https://str.sg/4Vwsa

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

Read ST's Opinion section: https://str.sg/w7sH

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Discover more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

The Usual Place: https://str.sg/wEr7u

In Your Opinion: https://str.sg/w7Qt

COE Watch: https://str.sg/iTtE

Asian Insider: https://str.sg/JWa7

Health Check: https://str.sg/JWaN

Green Pulse: https://str.sg/JWaf

Your Money & Career: https://str.sg/wB2m

Hard Tackle: https://str.sg/JWRE

#PopVultures: https://str.sg/JWad

Music Lab: https://str.sg/w9TX

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ST Podcast website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

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Special edition series:

True Crimes Of Asia (6 eps): https://str.sg/i44T

The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2

Invisible Asia (9 eps): https://str.sg/wuZn

Stop Scams (10 eps): https://str.sg/wuZB

Singapore's War On Covid (5 eps): https://str.sg/wuJa

---

Get The Straits Times' app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

---

#inyouropinion

This generation, it appears in a survey result too, is not afraid to spend immediately for happiness or instant gratification, but they do so within their means.
Synopsis: Every second Monday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
It used to be that avocado toast was the symbol of millennial extravagance, infamous for dashing that generation’s chance of ever owning property - at least, according to Tim Gurner. 
The Australian real estate millionaire in 2017 said that millennials should stop spending $19 for avocado toast if they ever want to own homes. Over half a decade since the rise of the avocado millennial, Gen Z - those born 1997 to 2012 - have outstripped them in splurging. And mostly, for pleasure. 
Just in Singapore, we’re seeing 20-somethings fork out $10,000 for holidays and almost just as much to catch Taylor Swift overseas. But a recent IPS study found that the young are still spending within their means. 
Still, are they putting aside enough funds for a rainy day in the future? 
In this episode, ST assistant podcast editor Lynda Hong and co-host and STNow reporter Carmen Sin speak with their two guests to find out if youths are caught in a financial jam between spending and saving the fruits of their labour. 
Having saved his first $100,000 at age 28, He Ruiming, now 35 and co-founder of personal finance blog The Woke Salaryman, urges disciplined financial perspectives for Gen Z. 
Joining the discussion is Daisy Anne Mitchell, 26, who is British but has lived and studied in schools in Singapore since she was five. She has worked two full-time jobs after graduating from school, but made a U-turn to freelancing and working as an influencer now - where she has gotten flak online for being candid about her cashflow. 
Highlights (click/tap above):
2:15 Eating broccoli and chicken for three years? Freelancing as a career - Ruiming and Daisy share their habits on saving, earning and spending
9:30 Managing financial prudence even when renting
16:38 Taking private hire transport like Grab or taxis to work: Is that prudent all the time?
21:26 Why Daisy thinks that the recent Covid era has reduced the value of money for Gen Zers
28:12 Daisy on her working life since she was 15, and discusses how an influencer career has worked for her
33:59 Ruiming and Daisy on gaining financial freedom 
Produced by: Carmen Sin (<a href="mailto:carmensin@sph.com.sg">carmensin@sph.com.sg</a>), Lynda Hong (<a href="mailto:lyndahong@sph.com.sg">lyndahong@sph.com.sg</a>), Ernest Luis &amp; Hadyu Rahim
Edited by: Hadyu Rahim 
Follow In Your Opinion Podcast here and get notified for new episode drops:
Channel:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
Apple Podcasts:<a href="https://str.sg/wukb"> https://str.sg/wukb</a>
Spotify:<a href="https://str.sg/w7sV"> https://str.sg/w7sV</a>
ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>
Website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Read ST's Opinion section:<a href="https://str.sg/w7sH"> https://str.sg/w7sH</a>
---
Discover more ST podcast channels:
All-in-one ST Podcasts channel:<a href="https://str.sg/wvz7"> https://str.sg/wvz7</a>
The Usual Place: <a href="https://str.sg/wEr7u">https://str.sg/wEr7u</a>
In Your Opinion:<a href="https://str.sg/w7Qt"> https://str.sg/w7Qt</a>
COE Watch: <a href="https://str.sg/iTtE">https://str.sg/iTtE</a>
Asian Insider: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Health Check: <a href="https://str.sg/JWaN">https://str.sg/JWaN</a>
Green Pulse: <a href="https://str.sg/JWaf">https://str.sg/JWaf</a>
Your Money &amp; Career: <a href="https://str.sg/wB2m">https://str.sg/wB2m</a>
Hard Tackle: <a href="https://str.sg/JWRE">https://str.sg/JWRE</a>
#PopVultures: <a href="https://str.sg/JWad">https://str.sg/JWad</a>
Music Lab: <a href="https://str.sg/w9TX">https://str.sg/w9TX</a>
---
ST Podcast website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>
---
Special edition series:
True Crimes Of Asia (6 eps): <a href="https://str.sg/i44T">https://str.sg/i44T</a>
The Unsolved Mysteries of South-east Asia (5 eps): <a href="https://str.sg/wuZ2">https://str.sg/wuZ2</a>
Invisible Asia (9 eps): <a href="https://str.sg/wuZn">https://str.sg/wuZn</a>
Stop Scams (10 eps): <a href="https://str.sg/wuZB">https://str.sg/wuZB</a>
Singapore's War On Covid (5 eps): <a href="https://str.sg/wuJa">https://str.sg/wuJa</a>
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB">https://str.sg/icyB</a>
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>
---
#inyouropinion

Synopsis: Every second Wednesday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.

Podcaster: Lynda Hong and ST journalists

Produced and edited by: Hadyu Rahim

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: Every second Wednesday of the month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
Podcaster: Lynda Hong and ST journalists
Produced and edited by: Hadyu Rahim
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.

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