Xu YuChuan
Xu YuChuan
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How much do Financial Advisors REALLY make? | Life of a Singaporean Financial Advisor #03
"How much can FAs really earn in Singapore?"
During my 5 years in this industry, that is the most common question I've gotten. I've always believed in radical transparency and hence, I will be doing a detailed breakdown on how much a financial advisor in Singapore can REALLY earn!
For those who are considering the Financial Advisory industry and are curious about the career, this video is perfect for you. I will cover content such as income structure, expenses, CPF and even taxes, so that you know EXACTLY the ins and outs of the income of a Financial Advisor 👍🏼
For the rest, I hope that you'll find this video informative and interesting too 😁
0:08 Intro
0:59 💰Commission rates
2:07 💰Recurring income
2:44 💰Base pay
3:55 💰Bonuses
4:34 💰GROSS INCOME
6:30 💸Expenses
7:16 💸Taxes
7:37 💸CPF contributions
8:30 💸 NETT INCOME
9:18 Closing
REFERENCED IN VIDEO:
Taxes in Singapore - www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-residency-and-tax-rates/individual-income-tax-rates
Compulsory MediSave contributions - www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-reliefs-rebates-and-deductions/tax-reliefs/compulsory-and-voluntary-medisave-contributions
How I Almost Got Expelled from NUS:
ua-cam.com/video/79NPoJ-3fFs/v-deo.html
How to Tell If A Financial Advisor Knows His S**t:
ua-cam.com/video/Ys2CAZkqwd8/v-deo.html
I read everyday for 550 days | Life of a Singaporean Financial Advisor #02:
ua-cam.com/video/tGmV4CLdGC0/v-deo.html
Переглядів: 9 336

Відео

I read everyday for 550 days | Life of a Singaporean Financial Advisor #02
Переглядів 9042 роки тому
In my second vlog, I reflect on the benefits I've reaped from executing a challenge that I'd taken on to keep up a consistent reading habit: the One Day One Chapter challenge. 0:07 Introduction 0:34 What the One Day One Challenge is about 0:55 Difficulties and how I overcame them 2:01 Lesson 1: Break down your goal 3:28 Lesson 2: Quality over quantity 4:15 Lesson 3: Experience over knowledge Ho...
PILOT VLOG | Life of a Singaporean Financial Advisor #01
Переглядів 3 тис.2 роки тому
Hey guys! I'm Xu Yuchuan, a financial advisor based in Singapore! This video signals the start of my vlog series, a new project I'll be embarking on for the new year. Excited to be sharing with you some snippets of my life this January 😄 Follow me on Instagram: xyuchuan TIMESTAMPS: 0:00 💦 2022's first exercise! 0:28 🎁 Fun times at a gift exchange 1:10 ☕️ My morning routine - and w...
How the hell did Sang-woo lose 6 billion won?! | Financial Lessons from #SquidGame & Other Films
Переглядів 1,1 тис.3 роки тому
In this video, I'll be sharing my personal takeaways & experiences relating to scenes from famous shows and movies. Hope that this video can be both insightful & entertaining. Enjoy! 00:40 What are futures? - Squid Game 02:14 Insurance - Squid Game 04:02 What is an IPO? - The Wolf of Wall Street 05:24 The phone call (BONUS) - The Wolf of Wall Street 07:11 Cold calling - The Pursuit of Happyness...
How to Tell If A Financial Advisor Knows His S**t | Q&A with a Singaporean Financial Advisor
Переглядів 11 тис.3 роки тому
I've collated questions from my friends & followers about being a financial advisor, and answered them all in this video. Hope you find this interesting & insightful. 0:00 Is it true that good-looking FAs have an easier job? 0:24 Most rejections in a day? 0:31 Shortest-serving FA you’ve seen? 0:45 How much FAs earn? 1:01 Most expensive FA’s gift you’ve seen for a client? 1:11 Why do FAs like to...
From a NUS Graduate: How I Almost Got Expelled From NUS
Переглядів 198 тис.3 роки тому
A rather personal story of mine. We all have times in life when we feel lost, times when we screwed up. Looking back, I wished there was someone I could talk to, who can relate to what I was going through. If you're going through tough times, I hope this can encourage you. 0:18 When did you first realize you were going to be expelled from NUS? 0:46 Background on how academic dismissal works in ...

КОМЕНТАРІ

  • @Popunkwillneverdie
    @Popunkwillneverdie 5 місяців тому

    In retrospect I regretted giving it away but then again maybe it was a blessing in disguise

  • @Popunkwillneverdie
    @Popunkwillneverdie 5 місяців тому

    I was weightlisted....... then gave my slot away

  • @JJ-zo8sh
    @JJ-zo8sh 5 місяців тому

    you're forgetting about fee based advisers

  • @hex6593
    @hex6593 6 місяців тому

    I hate investment linked products coz I think the fees are too high and the commissions just eat up my gains. So I prefer to do my own investments. But thinking of the COL in Singapore, guess it’s inevitable. FA still need to earn a decent wage. I think Financial Planning is just like assembling IKEA furniture. You are supposed to DIY coz it’s the most economical, but if u require help, there are experts to do it for u, so no hassle for u, but u have to pay for it! Fair?

  • @Vivi00875
    @Vivi00875 7 місяців тому

    Ngl I actually ended up shedding tears when I heard what your mom said, your parents truly do love you a lot, my cgpa went down a bit in 1st semester cause I am also preparing for some other competitive exams side by side and my dad stopped talking to me cause of my low grades lol, Idk what will happen in the future but ik everything will work out. I am really proud of you for picking yourself back up despite the situation that happened to you, I hope you are doing good in life :)

  • @joelyipjr.522
    @joelyipjr.522 7 місяців тому

    how come my company offer basic of $2,XXX for selling insurance and commission too if close deals...

    • @Tetshuya
      @Tetshuya 3 місяці тому

      Income Insurance?

  • @runzedongmen1456
    @runzedongmen1456 8 місяців тому

    I’m in academic probation in my year3sem1, I watched this video again and again for motivation and I managed to get through this and I’m graduating this may, thanks for making this video. 很感谢你能做这期视频 真的给了我很大的精神支持 我甚至当时已经做好了最坏的打算 也算是幸运我熬过来了 谢谢你!

  • @Virtues162
    @Virtues162 9 місяців тому

    XU YuChuan______ The Man_______The Myth________The Legend !!

  • @nikhilrane73
    @nikhilrane73 11 місяців тому

    sir you can do studies from pune india its a nice place

  • @cherrbearrr
    @cherrbearrr Рік тому

    watching this now as a year 1 nus student, thanks for the inspiration!!

  • @zentankairen6136
    @zentankairen6136 Рік тому

    isnt this common sense 😂 if were to translate, you were just basically saying it is important to have more money🙄

  • @Wedesitravel1
    @Wedesitravel1 Рік тому

    Which company you are working as a fa or you are owned a firm?

    • @xuyuchuan
      @xuyuchuan Рік тому

      I am representing AIA Singapore :)

    • @Wedesitravel1
      @Wedesitravel1 Рік тому

      Dats great even im working as a financial advisor in India

    • @Wedesitravel1
      @Wedesitravel1 Рік тому

      Like we handling MDRT, ToT and oT advisors

  • @ting2hung
    @ting2hung Рік тому

    Is it possible for 40s to enter into this career without financial background?

  • @aradhyadhruv9084
    @aradhyadhruv9084 Рік тому

    Your story is so inspiring!

  • @julietgeorge2440
    @julietgeorge2440 Рік тому

    one day i will tell my own story when am strong enough

  • @hitoshijun2600
    @hitoshijun2600 Рік тому

    FA in sg are just low key scammers.

  • @norellestudent8960
    @norellestudent8960 Рік тому

    Thank u for this heartfelt and motivational sharing, handsome bro. I’ve learnt from u to become stronger and emerge from all the challenges I’ve been facing in school. But here’s an advice to all of the men out there: NEVER EVER DATE GIRLS IN YOUR SCHOOLING YEARS. You’re free to date and get into relationships / plan for your marriage after graduation, because u never know what girls can do or think. 😅😅😅

  • @deezombiedude
    @deezombiedude Рік тому

    I remember watching this early on near to when this video was released, but now after having been on the other side, seeing one of my students start to tank their results due to some break-up (followed by some erratic decisions and words on his part), I really can't help but feel hurt that there's only so much we can do to help people like them. I sure hope he's doing alright, and I'm very glad that you managed to pull through the whole ordeal of yours. For those out there in the same boat, if you need a listening ear from your mentors, parents or whoever you trust, don't wait. There's a reason why those who care encourage alerting them as soon as possible when their assistance is needed. ❤️

  • @marcooosbibendorsht1334
    @marcooosbibendorsht1334 Рік тому

    great channel, thanks so much!

  • @simonedacquisto4959
    @simonedacquisto4959 Рік тому

    hi can i ask you a question? As a financial advisor, do you "need" to bring clients or is there another segment of the market where you can work in consultancy without having to bring clients and earn commissions? Thanks a lot

  • @celinenguyen
    @celinenguyen Рік тому

    Great info. Thank you for sharing

  • @lephuongbui6383
    @lephuongbui6383 Рік тому

    Your story is really inspiring. It's not like an abnormal genius who went through the top school and did great, but your story feels real and relatable to a normal student. You fell down and picked yourself up, it feels so relatable.

  • @marbingrsal3242
    @marbingrsal3242 2 роки тому

    Thanks for very clear presentation. You're a blessing

  • @abhiseksen5445
    @abhiseksen5445 2 роки тому

    Very good explanation. I am a CFP but stays in India. But I have 15 years plus experience in insurance field. How good shall be my job prospects in Singapore. Will any company hire me? If yes, how can I apply for a job in Singapore?

  • @nazirul6068
    @nazirul6068 2 роки тому

    I want to be one but I don't want to approach my friends and family when starting out cus I respect them enough to not persuade or influence them. Any other ways to get clients when starting out?

    • @xuyuchuan
      @xuyuchuan 2 роки тому

      Hi Nazirul, thanks for the question :) there definitely are. Feel free to chat more w me over Instagram!

  • @BlueFire26
    @BlueFire26 2 роки тому

    Keep doing yt it's good content😄😄

    • @xuyuchuan
      @xuyuchuan 2 роки тому

      Thank you , means a lot :)

  • @xuyuchuan
    @xuyuchuan 2 роки тому

    do you think student loan is a GOOD DEBT or BAD DEBT? 🧐👨🏻‍🎓 Comment below!

    • @limcheehean
      @limcheehean 2 роки тому

      Good debt as you're investing in yourself to get a higher return in the future.

  • @nigellow944
    @nigellow944 2 роки тому

    great info, appreciate the breakdown!

  • @ngrobert5054
    @ngrobert5054 2 роки тому

    Better expelled

  • @RazielKirin
    @RazielKirin 2 роки тому

    #Inspired Thank You Xu YuChuan.

  • @jessnawa9802
    @jessnawa9802 2 роки тому

    Now you are a successful nurse

  • @alexshi9320
    @alexshi9320 2 роки тому

    Dissmissed academically is fine bro some people get dismissed for doing bad things

  • @LedHabel
    @LedHabel 2 роки тому

    I went through a very similar experience. It wasn’t a breakup though, it was a bunch of other stuff; hated my major, was alone in a strange(ironically, my native country) place, was too naive and sensitive. I eventually pulled through, but my parents weren’t helpful, and I was left to my own devices. I’m happy that your parents seem so supportive, and I hope that you and them cherish your years together and have much happiness for many years to come.

  • @Tricktail
    @Tricktail 2 роки тому

    Thank you for sharing such an inspirational and touching story. Even if the low isn't as low as what you experienced, having the resilience and determination to pull yourself back up is always a daunting ordeal. To anyone out there who's in a ditch right now, I hope that your story will spur them to begin climbing back up

  • @chienglungfeng1194
    @chienglungfeng1194 2 роки тому

    Thank you for sharing...I know that kind of feeling...Just feeling very exhausted and unmotivated. I remembered my first year enrolling into university, going into new environment...didn't have any friends...a lot of assignment...just beated me up. 加油!!!

  • @pinklabbit
    @pinklabbit 2 роки тому

    Breakups are hard. When I broke up in 2013, my world shattered overnight. Fast forward to 2022, I just broke up with the same person again and I'm currently pursuing my PhD. My world shattered yet again, but I think I handled it better this time. For anyone reading this, it will all come to pass and you will get better at dealing with relationships as you grow older. Don't be too harsh on yourself.

    • @renderz8435
      @renderz8435 2 роки тому

      Move forward - I’d never date the same person twice. Something must have broken since the first round that was not meant to be

    • @pinklabbit
      @pinklabbit 2 роки тому

      @@renderz8435 I love how people like to reduce complex human relationships into simple reductive stances. I'm a highly educated and highly successful grown ass adult who makes his own decisions. To be utterly blunt, who is society or you to tell me what I should or should not do? My heart wants what it wants. If it wants to wait forever for that one person regardless of the consequences, then it is pretty damn well free to do as it pleases. I had plenty of options that I could have picked, and frankly I still have plenty of options, but I've never considered them. I'm prepared to walk the rest of this life alone.

    • @renderz8435
      @renderz8435 2 роки тому

      @@pinklabbit dude do you have such low self esteem/ego that you had to infer i was telling you what to do? Read properly, i said 'I'D NEVER ...' not 'NEVER ...' and youtube is an open platform for everyone to post comments/advice - regardless of whether you take it well or not. You can continue wallowing in self pity and hope pinned on that person - for all i care. But i was just saying for me, i;d move forward and never consider the same person again. thats ME, not asking you to do the same

    • @pinklabbit
      @pinklabbit 2 роки тому

      @@renderz8435 Sorry, but go get a life or go back to school or develop a career. 加油!

    • @renderz8435
      @renderz8435 2 роки тому

      @@pinklabbit lmao you too

  • @gambitgambitgambit
    @gambitgambitgambit 2 роки тому

    I have to admit was very satisfying for me hitting the subscribe button and seeing 999 change to 1k

    • @xuyuchuan
      @xuyuchuan 2 роки тому

      Thank you for being my 1000th subscriber Mr Gambit 😘

  • @divyangverma9880
    @divyangverma9880 2 роки тому

    Once I called my father 2 night before exams, that I am coming home have failed 11 subject last year, there is no way I can clear them all this time including current subjects. Sorry as son I disappointed you. And so much money you put into me. (Village kid, what is English, problem of engineering) He said "don't worry I will get you flight ticket once your exam over don't stress right now and do what you can" But I wanted him to shout at me, call me piece of shit or whatever pig... But he was so polite that day it took sleep of my eyes. I forgot about everything and in those 15 exam days with 2-3 subject exams each day I slept less then 3hrr in night. When results come I had cleared them all. When I called him back telling about it, he wasn't happy either. He just politely said next time do better. After that in my engineering I never got backlog and cleared rest of subjects with A- I still don't know how my dad is so calm and never hate me.

  • @ruoyaxia3437
    @ruoyaxia3437 2 роки тому

    很相似的经历,我本科在加拿大也是统计专业,大一第二学期经历了分手以后大二毫无学习的心思gpa直接拉垮。也是猛然醒悟吧,大三大四追回来了,今年7月马上准备去nus读研了。看到您妈妈说的话非常感动,想起了我的爸妈也是在我非常非常难过的时候一直说他们是我永远的支持。keep going!希望未来一切顺利。

  • @chessman6755
    @chessman6755 2 роки тому

    chanced upon this video. ure an inspiration :)

  • @sibz7950
    @sibz7950 2 роки тому

    i feel like im having the same problem as u

  • @HumdrumSingaporeanREACTS
    @HumdrumSingaporeanREACTS 2 роки тому

    So close to 1k sub!! You got this!!! 965subs~ @Xu YuChuan

  • @kenpang8375
    @kenpang8375 2 роки тому

    Crazy that you manage to pull ur Gpa so much. Mad respect. I fail my core modules twice in Ntu EEE and I am on the brink to fall below gpa 2.. , you gave me hope man

  • @daniell8580
    @daniell8580 2 роки тому

    just came across your video thru the recommendations and I must say that I salute your hardwork and the strength to be able to pick yourself up whether it's mentally or academically. Like you or any heartbroken dude, I did have my first breakup when I was in poly year 2 sem 2. But luckily for me, my academics didn't plunge that badly and I had classmates who pulled me to tell me to get my shit together again. In the end, I managed to mentally and emotionally move on from this plight and managed to grad properly. :)

  • @Pikachu-lt7lb
    @Pikachu-lt7lb 2 роки тому

    istg the scariest yet possibly most heart warming moment is when u fked up and ur asian parent doesnt scold u and supports u instead

  • @corneliuslee1485
    @corneliuslee1485 2 роки тому

    I have a very similar experience during my secondary school education. I was in Sec 3 and I failed every subject. I remembered after parent teachers meeting session with the school principle (I was suppose to retain), my mum didn’t scold me. Instead she brought me to shopping. From then on, I picked myself up and manage to score good enough to enter polytechnic and I’m currently studying in NUS. Sometimes the words or actions of our loved ones really gave us the strength and courage to pick ourselves up. Anyways this is a great sharing!

  • @burntpaper9453
    @burntpaper9453 2 роки тому

    Thank you for sharing your story! I want to ask about the admission side to NUS. I am at an International Bachelorette school in Australia and want to get into the NUS bachelor of science honours, to study physics. However, they haven’t publish minimum entry scores for this course. Could you suggest a minimum score (in any schooling system, I can convey it!)? Or are there any suggestions you have as to what I should do to be more appealing as a student? Orrr, most importantly, could you share your thoughts and opinions on the teaching quality at NUS? Thank for your time, hopefully you get to this :) Love from Australia❤️

    • @aaronsim5759
      @aaronsim5759 2 роки тому

      Hi! I did IB as well as a foreign student, and I can confirm that NUS does not have a minimum IB score for entry as they take into account your other accomplishments during the application process. A few of my friends got in with scores around 38 or even below, so maybe you can take that as a benchmark!

    • @burntpaper9453
      @burntpaper9453 2 роки тому

      @@aaronsim5759 oh wow that’s lower than I thought!! thank you so much for replying to me!

  • @dasd982
    @dasd982 2 роки тому

    The modules mentioned in the video are truly difficult to grasp / even do well (having experienced it myself)... but really kudos for pulling yourself up despite all the struggles you faced!! it is super true that we all have what it takes within us to survive/overcome whatever it is we are facing!! thank you for sharing :)

    • @xuyuchuan
      @xuyuchuan 2 роки тому

      Thanks for the kind words Kenny! :) Some of the modules were indeed tough, but no excuses for our mistakes. Gotta learn from it and keep moving forward :)

  • @seevidproduction1017
    @seevidproduction1017 2 роки тому

    It was a day before my polytechnic year 3 starts when i discovered this video.

  • @Alexa-yx6kh
    @Alexa-yx6kh 2 роки тому

    Gna try this challenge too! Do u write notes while reading

    • @xuyuchuan
      @xuyuchuan 2 роки тому

      Yes sometimes! It helps to internalise the content we read :)