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4 Incredible Rags To Riches Stories

These people came from merely nothing but now they have a whole lot of wealth than the average person. Taking the leap of faith and believing in themselves led them to profit through adversity.

Without further adieu, here are four inspirational rags to riches stories:

1. HOWARD SCHULTZ

Raised in a housing project in Brooklyn, Starbucks’ Howard Schultz was a son of a struggling truck driver. Despite their poverty, he excelled at football. Fortunately, this earned him a scholarship to the University of Northern Michigan.

After finishing tertiary education with a degree in Communications, he worked for Xerox Company before discovering a small coffee shop called Starbucks. Filled with his love for coffee, he soon left Xerox and focused on becoming the chief executive of Starbucks.

Image Credits: pixabay.com (License: CC0 Public Domain)

As of today, his net worth amounts to US$3.2 billion (S$4.5 billion).

2. JOHN PAUL DEJORIA

As a first generation America, John Paul DeJoria and his immigrant parents had it tough from the start. His parents divorced when he was just 2 years old. By age 9, he and his brother began selling newspapers and greeting cards in order to support their family. Life did not come easy soon after as he lived in a foster home and become a part of a street gang.

Thankfully, he graduated secondary school and spent two years in the United States Navy. After which, he held numerous jobs ranging from a janitor to an insurance salesman. In 1980, things changed. He teamed up with Paul Mitchell and turned a US$700 loan into a hair-care company called John Paul Mitchell Systems. Now, it is known worldwide as the Paul Mitchell hair products with estimated annual revenue of US$1 billion (S$1.4 billion).

He is also the co-founder of the famed tequila company called “The Patron Spirits Company”. Currently, his net worth amounts to US$3.1 billion (S$4.4 billion).

3. ANDREW CARNEGIE

Who would have thought that a Scottish American with barely a dollar to his name would soon be the richest man in the world?

Andrew Carnegie migrated to the United States with his low-income parents in 1848. He then started to work as a telegrapher. 10 years later, he had investments in railroads, bridges, railroad sleeping cars, and oil derricks. Then, his wealth increased further as he worked as a bond salesman.

He became the world’s richest man in 1901. Aside from having a high profile, he was also a philanthropist. This is the reason why he gave away about 90% of his fortune (US$350 million in 1919 = US$4.7 billion in 2015) US to charities by the time of his death.

4. OPRAH WINFREY

One of the most recognizable faces in the world definitely did not grow up in a pool of luxury. American media maven, host, producer, publisher, actress, and philanthropist Oprah Winfrey was born in the Mississippi with her teenage single mother. She experienced hardships during her childhood such as being raped at age 9 and becoming pregnant at age 14. Unfortunately, her son died in infancy.

But these struggles only strengthen the young Oprah as she entered the halls of media in her first job as a newsreader in a local radio station. Later on, she got a daytime talk show in Chicago. The rest was history.

Persevering through life and diversity earned her a net worth of US$3.2 billion (S$4.5 billion)!

Sources: 1, 2, 3, 4, & 5

Despite Higher Wages, Thirst For F&B Workers Is Higher Than Ever

Regardless of the 5.6% increase in the wages of the accommodation and food services sector in 2013, Singaporeans are still keeping away from the jobs it offers.

In fact, job vacancies in this sector elevated from 5,010 in 2011 to 7,740 in 2014. Majority of these vacancies carried the positions of waiters, followed by food service counter assistants and cooks. Employers even added that these positions were hard to fill with locals.

To be fair, this is influenced by the ever so growing number of establishments. The Singapore Department of Statistics conducted a survey last year and found that there were about 6,750 establishments in the food and beverage (F&B) industry in 2013!

With overflowing establishments and lack of manpower, businesses may turn to other options such as outsourcing talents abroad or letting the employee perform multiple positions.

Nonetheless, if you are at the crossroads right now, it is good to contemplate on entering the welcoming arms of the F&B industry.

Image Credits: pixabay.com (License: CC0 Public Domain)

There are a lot of positions and wages you can choose from! Here are just some of them:

1. GENERAL MANAGER

Average salary per month: S$7,000

The restaurant’s general manager supervises all the employees and oversees the profile and loss of the business. The general manager does this by exploring the ways to cut costs and increase sales. Also, it is his responsibility to ensure that everything runs smoothly in the restaurant.

2. EXECUTIVE CHEF

Average salary per month: S$7,000

The executive chef is brain behind the kitchen operation. He or she is tasked to create the menu and recipes with the head chef, manage the product inventory, supervise the kitchen staff, and perform some administrative work. In most cases, this executive position does not require one to cook on a daily basis.

3. RESTAURANT MANAGER

Average salary per month: S$3,000

Aside from the day-to-day operations, it is the restaurant manager’s job to attend to the restaurant maintenance, customer complaints, staff hiring and training. Usually, the average pay for restaurant managers in hotels are higher by a couple of thousands.

4. HOST

Average salary per month: S$1,800-S$2,200

The host is in charge of assisting the guests to their designated tables and taking reservations from the guests. Also, they graciously handle the walk-in customers.

5. WAITER

Average salary per month: S$1,800-S$2,200

Waiters or service attendants set and clear the tables. They are familiar about the restaurant’s menu. In other restaurants however, waiters are divided into two groups namely: a.) to support the senior waiters and b.) to perform other tasks such as preparing the bread and coffee.

6. SOUS CHEF

Average salary per month: Differs per division

The sous chef is the next in line when the head chef is not around. He or she is the one you can count on when you need the extra help in the kitchen. Also, he makes sure that the qualities of the ingredients are maintained.

The sous chef position exists within a hierarchy that is divided into three levels namely: executive sous chef, senior sous chef, and junior sous chef. The average salaries per month respectively are S$3,600, S$3,200, and S$2,500.

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1, 2, 3, & 4

6 Awesome Storage Hacks To Extend Your Food’s Lives

You walk inside the grocery with your list at hand but after being tempted with the fragrant herbs, fresh bread, tantalizing sweets, and healthy greens…you walked out with more food than you expected!

To get most of your money and avoid wastage, how can you finish all these food before it spoils?

Not everyone found the answer to this question. In fact, each person in Singapore was responsible for about 130 kg of food wastage last 2011.

But the good news is that, this awesome list will bring you 6 storage hacks to increase the longevity of some of your beloved food.

1. CEREAL, OATS, AND PASTA

Keep your dry foods hard by not letting air to seep inside its containers. Use air locked containers to store dry food such as cereal, oats, and pasta instead of keeping them in their original packaging (boxes or plastic bags). Decorate and label the containers as you wish.

2. PEANUT BUTTER

The sweetened goodness of a peanut butter used for sesame balls, spring rolls, or plain bread can make the meal delicious. The trick to make your jar of peanut butter last longer is to flip it upside down with the cap sealed tight. This will allow the oil near the lid to move through the rest of your jar evenly. Also, it will make your peanut butter creamier.

3. SOY SAUCE

Soy sauce is a commonly used in Asian countries such as Singapore, Malaysia, China, Japan, Korea, Vietnam, Philippines, and Taiwan. Generally, soy sauce does not need to be kept chilled but putting it inside the refrigerator will help the flavor to remain at its prime quality longer.

4. AVOCADO

Instead of storing your avocado in a basket, store it inside your fridge to avoid over-ripening. And as the day of consumption draws near, pull the avocado outside the fridge. Then, let it finish its ripening process inside a paper bag.

5. ASPARAGUS AND SCALLIONS

Treat your asparagus and scallions like how you would treat your freshly cut flowers. Fill up a vase or a jar with about two inches of water and regularly trim these vegetables. Keep these veggies there until you are ready to cook them.

6. HONEY

I for one love the taste of the honey lemon drink. But I noticed something, leaving it in the fridge leads it to crystallize. This is unnecessary because enzymes in the bees’ stomach create by-products that fight bacteria, honey can be preserved for a lifetime.

So revive your honey by placing the contents in a frying pan with simmering water. Stir it until the crystals dissolve.

Image Credits: pixabay.com (License: CC0 Public Domain)

May these 6 tricks come in handy soon! 🙂

Sources: 1 ,2,3,& 4

The 7 smart ways to shave your petrol bill in Singapore

While many parts of the world are enjoying declining petrol cost, Singapore faces an inverse trend. The copious number of traffic lights and low speed limits are no stranger to Singaporeans; they work together to stretch the energy bill further. But overcoming these loathsome road characteristics is not exactly an Herculean task. Essentially, it just requires some minor tweaks to your driving behavior and the car.

Tires inflated to the proper pressure can improve petrol mileage by up to 3.3%. Such information on the proper tire pressure can be found in the car’s instruction manual.
Ensuring that the car has a properly tuned engine or has passed an emissions test can improve petrol mileage by an average of 4%, while addressing a severe maintenance issue can improve it by as much as 40%! Therefore, sending the car for regular inspections is a good practice!
Use the manufacturer’s recommended grade of motor oil which can improve petrol mileage by 1-2%. Besides, purchase motor oil with the “Energy Conserving” label to ensure it contains chemicals that reduce friction.
Stay above 48km/h as much as possible because the car consumes greater energy to combat wind resistance than rolling resistance at a lower speed. Carrying more loads and rolling down the windows can yield greater resistance at higher speeds, effectively cutting 1% to 15% of the fuel economy.
Time your acceleration adequately where you neither strain your motor nor trap your car in lower gears for too long which erodes fuel economy. A good estimate would be to accelerate to 80km/h within 15-20 seconds. Thereafter, keep a constant speed to prevent energy wastage on frequent deceleration and re-acceleration. Use cruise control function if available.
Brake less since braking converts useful kinetic energy into useless heat energy. Choose the route that has the least traffic – use the much vaunted Google Maps to plan the best route – to reduce unnecessary fuel wastage.
There is simply no need to warm up modern cars that are produced after the mid-1990s. Advanced engineering feat has made warming up irrelevant since sensors are now built into such cars to ensure the right mix of air and fuel in the engine – instead of relying on a warmed up engine to do the job uneconomically.

Credits:

http://www.fueleconomy.gov/feg/maintain.jsp

http://shrinkthatfootprint.com/fuel-gas-mileage-tips

https://www.washingtonpost.com/news/wonk/wp/2014/12/29/the-biggest-winter-energy-myth-that-you-need-to-idle-your-car-before-driving/

Why do expatriates send their kids to international schools in Singapore?

Recently, it has been reported by Singapore’s mainstream media that the cost to send a child to an international school in Singapore could reach up to a jarring amount of $500,000. Most Singaporeans would probably wind up in disbelief since we have been accustomed to the affordable public school fees that are the result of generous government subsidies.

From the economic perspective, critics are quick to dismiss this exorbitant option as some believe that the cost of receiving such an education would far outstrip the financial benefits that are fraught with a great deal of uncertainties. Indeed, there may be some truth to it. However, this premise may be limited in scope at the same time since it has not considered the intangible benefits – realised in the intermediate or long term – that overshadow the financial outlay.

The economics of social networks

Unequivocally, the quintessence of studying in an international school is the development of invaluable and diverse social networks. This is an instrumental consideration for both the child and their parents where the former solidifies their friendships with like-minded peers who come from similar socio-economic backgrounds, thereafter lending support to the latter’s efforts in expanding or diversifying their business networks.

Nonetheless, the maxim “birds of a feather flock together” does not only apply to this context. The different tiers of public schools inherent in the MOE school system also serve the same function. However, the demographics of the student populations may differ significantly as international schools tend to include more diverse nationalities and ethnicities and are more likely to attract the high income groups.

The teachers

International schools tend to recruit teachers from different parts of the world, which could serve as a great eye-opener for the young and malleable minds. The diversified talent pool of teachers share their individual overseas living experience and introduce different cultures and multifaceted ways of thinking and communicating to the students, all of which are life skills that cannot be emphasised more. By doing so, they also bring seemingly irrelevant subjects such as history alive and abstract theories students commonly read in the textbooks applicable to life.

Sublime teachers are a great source of inspiration, motivation and discipline, attributes that are possessed by most – if not all – successful people. While they may not be omniscient, the fact that they aspire to impart the best education in terms of practical knowledge and the right mentality to their students is praiseworthy. They are relentless in enhancing their knowledge and forming vital networks to improve their teaching strategies and materials, in the hope of providing greater enlightenment to their students on the particular subject. And such intangible value cannot be easily measured by any dollar amount. Unsurprisingly, such teachers are few and far between.

The answer

Therefore, from the viewpoint of a discerning expatriate parent, it is likely that the parent (mainly through the feedback of the child) has found immense value in the social networks and the quality of the teachers that warrants the hefty educational investment.

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