Tasek Jurong Leadership Camp- Grad Night - Financial Literacy

Why do we need to learn about managing money?

• To buy anything we want

•  To achieve freedom

Mr Tan Ah Kow borrowed $1,000 using a credit card from Mr Long’s bank (aka Ah Long). Mr Long told Mr Tan he will charge “COMPOUND INTEREST” of 50% every day. Mr Tan did not repay Mr Long. How much does Mr Tan owe Mr Long after two days?

• $1,000 + $500 + $500 = $2,000

•  $1,000 + $500 + $750 = $2,250

What should Mr Tan do to retire safely?

• (A) Play safe and save all his money in his bank’s savings account.

• (B) Take some educated risks by investing some of his money

Is a compounded annual return of 21% over a long period of time expected and reasonable?

• (A) Yes

• (B) No

When should you buy insurance?

• (A) Something bad is likely to happen and I can manage financially if it happens.

• (B) Something bad is likely to happen and I cannot manage financially if it happens.

• (C) Something bad is not likely to happen and I can manage financially if it happens.

• (D) Something bad is not likely to happen and I cannot manage financially if it happens.

Why do we need to learn about interpersonal skills?

• (A) To be a functional relational member of society

• (B) To make sure everyone likes me

Who can I apply the lessons from 5 Love Languages to?

• (A) Friends

• (B) Colleagues (boss, co-worker, subordinate) and Classmates

• (C) Romantic Relationships and Family

• (D) All of the above

Are extroverts better than introverts at interpersonal skills?

• (A) Yes

• (B) No

What are boundaries?

• 
  (A) It is about saying no to others

• 
  (B) It is about rules and limits to meet my needs

Which of the following statements are toxic to relationships?

• (A) “I was scared when you were running late and didn’t call me. I thought we had agreed that we would do that for each other.”

• (B) “You never think about how your behavior is affecting other people. I don’t believe you are that forgetful, you’re just selfish. You never think of others! You never think of me!”