The Traditional Chinese Medicine (TCM) encompasses several theories and practices that were developed in China back then…for over two millennia. The practices include herbal medicine, acupuncture, exercises, and massages.
In 2013, a study by Jingcheng Dong showed that there are different components in a TCM diagnosis, namely: Inspection, Auscultation-olfaction, Background, and Palpation. The inspection involves visually examining the changes in the patient’s appearance and movement. Auscultation-olfaction involves listening to sounds and smelling different odors. Background, consistent with the Western Medicine, involves checking the past medical records, family health history, and more. Lastly, palpation involves diagnosing an illness with the use of touch.
The common forms of TCM treatment available in Singapore are acupuncture and cupping. Acupuncture relieves the stress and pain while cupping stimulates blood flow and minimizes aches.
SO, HOW MUCH DOES TCM TREATMENTS COST?
The cost of your overall TCM treatment varies depending on the type of treatment and the clinic you go to. For instance, Ma Kuang Healthcare Group charges S$15 for the first consultation and S$10 for the following ones. Adults aged 60 and above get to enjoy their special discounts ranging from 20-30% off. The medicines are sold separately.
On the other hand, Xu Yang Acupuncture & TCM Clinic located at Yishun Ring Road, does not charge a cent for the consultation. And, their acupuncture treatment costs S$45. Aside from this, Singapore’s first integrated TCM and healthcare centre called Chinese Medical Centre charges S$80 for a session of Pulse Consultation, Yang Sheng Therapy, and a choice of whether Acupuncture, Cupping, or Gua Sha treatment.
Image Credits: Image Credits: makuang.com.sg/en
Since the cost of the treatments vary, it is important to do your research first to get the best results.
WHERE CAN YOU FIND THE TCM SERVICES?
1. MINISTRY OF HEALTH’S TCM PORTAL
You can find registered TCM practitioners at the TCM Portal – available here. Rest assured that the Health Sciences Authority regulates all the Chinese Proprietary Medicines. They must oblige with a set of criteria first before the products are sold in Singapore.
2. GROUPON
The famed online marketplace also houses affordable and discounted TCM treatments such as:
a. One Session of Pulse Consultation, Yang Sheng Therapy, and a choice of whether Acupuncture, Cupping, or Gua Sha treatment for S$28 only.
If you are a student of Business and Finance, you must analyze books and films that portray salesmen, corporate consultants, traders, investors, bosses, and consumers at certain circumstances. And if you are a consumer, you must be aware of the sales tactics you must avoid. Films will not only help you to understand the dynamics of money but it will also help you empathize with the characters.
Beyond the infamous film called “Wolf of Wall Street”, here are the Best Finance, Trading, and Business Movies showcased from 1987 to present…
1. UP IN THE AIR (2009)
Ryan Bingham (acted by George Clooney), a corporate consultant, is used to life travelled in a fast lane. With his job comes the responsibility of firing employees for the companies who are not equipped to do so. His go to accessory? A handy luggage to bring all over the world because he never stops moving…until he met a fellow passenger named Alex.
In this movie you will see how the corporate culture is shown as the colleagues socializes with each other and how some people spend more time in the hotels than their own homes.
The original Wall Street film was released on 1987. This starred Michael Douglas and Charlie Sheen. It centers on a young, desperate, and impatient stockbroker who is willing to do anything just to reach the peak. Embodying the true form of greed to the point that he is willing to give up his integrity for power. Some strong dialogues from the film include: “Greed, for lack of a better word, is good. Greed is right. Greed works.”
The impact of this film served as a standard for other finance-related movies that came after.
An Indie film that garnered lots of high praise at the Sundance Festival, Margin Call, shows the effect of a million-dollar venture gone badly in the period of the Great Recession. In a span of one day, it follows the employees of the investment bank as they resolve the financial crisis at hand. Interestingly, it is inspired by true events.
Packed with talented actors such as Kevin Spacey, Zachary Quinto, Simon Baker, and Demi Moore, it will keep you on the edge of your seat as the tension elevates every minute.
If you are a fan of true events then, kicking up realism up a notch is a documentary film about the pioneering venture capitalists and the companies they helped to emerge. This Indie documentary film is called: “Something Ventured”.
With its first-person view, you will know what it takes to be the risk takers for the top companies such as Apple, Cisco, Intel, Genentech, Atari, and Tandem.
While i love the amazing skyline from Victoria Peak, what got me excited were not the insta-worthy photos i took or the dim sum i gobbled down at Lung King Heen.
It was the fact that i actually travel for free.
Free? Does it means that i won a free trip to Hong Kong or had my travel sponsored by a company?
Good guess, but nope!
Well, the trick here is about planning my own finances. I couldn’t have included Hong Kong into the list of places to visit without exceeding the budget i set aside for this year.
A few years ago when i was still a student, i didn’t care too much about my own finances since i was spending within my means. Like many others, I had my money stashed away in a POSB’s saving account. Who care about interest rates when we hardly have five figures in our possession? The returns were pittance that it hardly warrant any extra attention.
My attitude changed when i had friends who were boasting about how much money they were making. I told myself i wanted to be like them — to be rich, in the shortest amount of time.
It seems then that the only way is to investventure gamble into the stocks market. I had no idea where to start until one day i was approached by a financial adviser when i was exiting the MRT station. And being a ambitious and impulsive young adult, i was persuaded into buying a saving plan that invests into the market with some kind of insurance cover that comes with it.
It felt good even though i had no idea what i was buying into – the feel good factor that i am now investing like an adult.
I call in to check on the policy every month, but apparently i was told that it is still in the early stage and had little or no cash value.
After a few months i gave up because it hardly grows and sadly i was told that if i were to terminate the plan, i would end up with almost nothing.
The change
From then on, I told myself that no one else can manage my own finances except myself. I need to take the responsibility or i will be the one suffering down the road.
I spend months reading up on books, forums, MoneySense and any resources that i could laid hands on. I begin to understand the importance of budgeting, investing and how to manage my own finances.
I started by switching my funds to a higher interest-bearing account such as the OCBC 360 where customers could potentially earn up to 3.25% as at 1 May 2015.
It was also then that i realized that previously i was holding on to an investment-linked plan which comes with high fee and charges. It is not cost-effective to achieve my goals and i had to take the hard decision to surrender and make a loss.
A better way that i learnt is to buy term insurance and invest the difference. Term insurance is cheap and affordable although it does not have cash value. But the difference i could potentially save could be put into better investment vehicle such as the low cost fund that tracks the Straits Time Index (STI) which has a historical return of around 8 per cent in the long run.
I was introduced to the online platform DIYInsurance — a portal which allows me to compare the different term insurance plans out there. What appeals to me is that they rebate 30% of the commission back to the customer and at the same time still make an effort to go through the planning process, making sure that the person is on the right track.
They have a live chat system where i can ask any questions on how to use the online platform, as well as clarifying with the client services manager on the semantics of insurance definition. It was fuss free and it beats the inconvenience of holding on to the line when you call in to financial institutions for enquiries.
If you are wondering how much money i save using the DIY method, i have done up some numbers for comparison.
(Click to enlarge)
As you can see, i was previously paying $300 a month for a $200K cover on death and disability and a $50K rider on critical illnesses. If the funds grow at 4%, it will take me 20 years to break even and 35 years to make a small profit of $15K. (calculate the ROI)
If i were to employ the alternative strategy of buying term and investing the difference, i’d be merely paying $100 a month for a $500K cover on death, disability and $300K on critical illnesses. The other $100 will be channeled to a low cost fund, and assuming it grows at the same rate, my portfolio would be sitting at a value of $35K after 20 years or $88K after 35 years. (note that i’m contributing 2/3 of what i’d have otherwise contributed to the ILP and i have pegged its growth at 4% for comparison purposes)
As a result, i managed to put away $100 a month into my travel funds and this adds up to a significant amount of $1,200 a year. A sum that is sufficient for me to pay for the return air ticket to Hong Kong which including hotel and shopping expenses incurred during the trip. I am also getting $400 worth of commission rebates from DIYInsurance which i can either re-invest or spend it on my next trip. (I have re-invested it)
In conclusion
By taking charge of my own finances, i am now enjoying a higher returns of 2.25% (excluding the 1% bonus to insure or invest) from the money sitting in the bank as well as future incoming funds. I have also manage to cut down on unnecessary fee and charges slapped on expensive insurance products by switching to a more affordable term cover and investing in a low cost funds.
I have lost some money in the investment linked product but at the same time i have took home valuable knowledge and wisdom of managing my own finances, and as a result, created more wealth from it.
Well, perhaps a road trip to Australia next?
(Article contributed by Cheryl, a Marketing Executive working in Singapore.)
If your flight is delayed for another 3-6 hours then, it will give you enough time to catch 2-3 movies at the Changi Airport, free-of-charge! The Changi Airport boasts their 24-hour cinemas that screen the Fox Movies Premium Channel at Terminal 2 and the latest movies of various genres at Terminal 3. Whoever said that getting stuck in a transit for hours could not be great…clearly has never been to ours!
Terminal 2 is located near the Sunflower Garden at Departure Transit Lounge South while the Terminal 3 is near the Ambassador Transit Lounge at Departure Transit Lounge North. To know more about what the airport has to offer visit: changiairport.com
2. AT THE LOCAL LIBRARY
Aside from a wide array of books and electronic resources at the National Libraries, you can enjoy the beauty of performing arts especially at the “library@esplanade”. The library@esplanade offers services in the areas of dance, music, theatre, and film by providing an extensive collection of printed and non-printed resources.
It enables you to watch family friendly, classical, indie, and foreign movies for free! This shall foster learning, innovation, and creativity. They typically show films every first Wednesday of the month. For more information visit: nlb.gov.sg.
For the meantime, you may check out Queenstown Public Library’s moving screening of the “Earth From Space” documentary on May 30.
3. AT THE OUTDOORS
Looking for a perfect first date experience? Look no more as MovieMob brings you the premier outdoor movie screenings that would not cost you a cent! MovieMob, an acclaimed Outdoor Movie Specialist, screens movies to various locations around Singapore.
Since 2009, they have had about 200 drive-in cars per event and up to 800 pax per Picnic event. The overwhelming numbers is due to the fact not it showcases a unique movie experience and that you can vote which movie to watch.
A gentle reminder: arrive early to secure the best spots. Screenings are typically held every third or fourth weekend of the month. So, stay updated by visiting: facebook.com/apemoviemob.
4. AT YOUR HOME
I for one love the experience of watching movies in my own home. It gives me a chance to rewind or pause scenes whenever I need to. Also, I do not have to worry about laughing so hard or dressing up for countless minutes. What is my secret? 1 word…YouTube.
Catch a free flick or two in the comforts of your own home by watching at YouTube’s Movies playlist at youtube.com/user/YouTubeMoviesWW. It has a myriad of films that are Russian, English, Hindi, Dutch, Tamil, Korean, French, and so much more. The films under this playlist are legal as they are copyright supported.
Are you a fan of Drama and Romance movies? Well, this classic film entitled “The Last Time I Saw Paris”, starring the legendary Elizabeth Taylor, will be worth your time.
In 2014, the aspects of work of 5,000 Singaporean employees were studied by Singapore Human Resources Institute. They found that on average, the employees were considered “Under Happy” in the workplace. Creating a happier place to work in is proving to be a challenge especially when “horrible” bosses are the ones who run the organizations.
Horrible bosses do not just intrude in their employee’s personal time; they also cause huge expenses not only for the company but also for the nation’s economy. The loss of money can be attributed from either faking sick leave or having chronic stress due to the workplace dynamics. Also, the recruitment and legal costs due to high turnover rate cannot be missed!
The loss of money due to lack of productivity can be attributed from the employee’s behavior to either deliberately make mistakes out of spite or to be truly unmotivated. In a recent study by Officevibe, a U.S. based startup that offers employee-engaging activities to other organizations, respondents showed that 50% of the employees who felt undervalued are planning to look for another job the next year. In fact, 65% of them say that they would rather have a new boss than a pay hike. Yes! It is that bad.
DISSECTION OF THE LOCAL “HORRIBLE” BOSSES
In 2012, JobsCentral conducted a survey including the responses of 3,299 employees and 256 hiring managers. A whopping 31% of the respondents said that they do not have satisfying boss-worker relationship. This is because of the following reasons: lack of advancement opportunities (87.5%), lack of autonomy (80.6%), and work demands (71.1%).
The bad habits as confessed by the employers were: making the employees work during after hours (75%), regularly contacting employees that are on leave (46%), lengthening the meeting past the working hours (23%), and asking employees to run personal errands (6%).
Image Credits: Vocab Ninja via Flickr
If you do not want to be considered as a horrible boss then, take note of the actions said above. Do the opposite. Aside from that, here are no-cost tips to change your ways…
a. RESPECT YOUR EMPLOYEE’S PERSONAL TIME
Be sensitive with the employee’s personal time. They need this to shake off the stress brought by work demands. Also, they need to restore their energy so, they can be driven and productive the next day.
b. WELCOME EMPLOYEE FEEDBACK
Have a tri-monthly evaluation (i.e., occurring every three months) of the boss and the employees’ performances. Issues such as frequently shortening the deadlines and abusive behavior should be raised in confidence. This transparent culture will increase awareness and encourage necessary action.
c. DO NOT LOOK DOWN FROM A PEDESTAL
You may be the boss but you do not rule the entire world! Having too much pride to the point that you do not give credit, appreciation, or gratitude when it is due can cause dissatisfaction of the employees. As said a while ago, employees who felt undervalued are planning to look for another job. Fortunately, YOU can prevent that from happening!
Anna Agoncillo
MoneyDigest
