Hi, we’re Ruiming and Wei Choon, the co-founders of The Woke Salaryman. We’re a web-comic with over 400k followers across our Instagram & Facebook platforms where we talk about personal finance, investments, career things and more. Follow us on Instagram (@thewokesalaryman) or check out our articles at www.thewokesalaryman.com
Surviving and thriving past COVID for SMEs and FnB businesses
*THIS PODCAST EPISODE IS SPONSORED BY UOB*
We sit down with Bernard Tay from Jinjja Chicken and Paul Kan from UOB to talk about the challenges facing SMEs and FnBs post-COVID. Specifically, about inflation, digitalization, and overseas expansion!
The insights discussed in this video can be found in greatest detail in the UOB Business Outlook Study 2024, which you can check out here: https://go.uob.com/3TT7si8
0:00 Intro
2:48 Life after COVID, not all smooth sailing
4:21 Inflation!
7:03 Hiring Singaporeans for F&B
11:07 Digitalisation for SMEs!
18:52 Difficulties in digitalisation
22:25 Costs of NOT digitalising
26:44 Overseas expansion!
28:54 Unique challenges of Southeast Asia
35:00 Advice for SME operators
10/8/2024 • 38 minutes, 12 seconds
Our new book and our thoughts from travelling Southeast Asia recently
We've been away for a while travelling Southeast Asia promoting our books.
0:00 Intro
3:36 Traffic in Jakarta, KL VS Singapore
8:45 City planning is tough
15:13 Vietnam's growth since the 80s
17:43 Would we migrate somewhere else in SEA?
20:14 Retirement village business overseas?
26:05 Book recommendation: Public subsidy, private accumulation
29:33 Book recommendation: Blue Period
31:55 OUR BOOK
More on our book and where to get it: https://readtws.com/book
8/3/2024 • 38 minutes, 10 seconds
What you stand to lose when you start a creative business
We talk about the trade-offs for the creative soul who wants to run a creative business.
0:00 Intro
0:50 More about our business and me
1:36 Creative VS Business owner
4:15 Delegate to people who like it more, or are better than you
6:42 Consider input, not just output
10:10 Being creative is good for business
11:36 Take creative risks as a part of business
13:21 Unproductivity is part of productivity
16:25 Mistakes are part of the plan
17:47 Give yourself due credit
3/22/2024 • 19 minutes, 7 seconds
She runs a 100% remote company
Juliana Chan is a scientist and scholar turned business owner. Today, she runs Wildtype Media Group, managing a 20-member team — based in Singapore, Malaysia, the Philippines and India — with 30 to 40 regular freelancers around the world.
In this episode, we talk to her about how she took her company remote, and the impact it has had on morale and productivity.
0:00 Intro: The road to 100% remote
5:00 Productivity will suffer
14:14 The types of employees that are suitable for remote work
18:58 How do you know everyone is working?
27:26 What about hiring locals and protecting local jobs?
31:36 Where in the world are her colleagues working from?
35:55 What's the competitive advantage of someone from Singapore?
41:37 Singapore's a great place to start a business
46:00 How you can keep Gen Zs
51:14 Concluding plugs
2/28/2024 • 53 minutes, 5 seconds
Employee VS employer: Is it okay to leave after training? (and more)
Is overtime ever justified? Why do good employees leave? Do you have to worry about your own job being irrelevant?
This episode, we get the whole TWS team to have an open conversation on these hard topics. We hope you enjoy it.
Also, this is our first sponsored podcast - a shoutout to Workforce Singapore for sponsoring this conversation. To find out more about what grants and tools are available to kickstart your company’s job redesign initiatives, visit https://go.gov.sg/tws-jobredesign
Featuring (from left to right):
Wei Choon (Co-founder)
Ruiming (Co-founder)
Vivienne (Account Manager)
Wen Xin (Artist)
0:00 Intro
2:08 Why do good employees leave?
3:51 What is a good employee?
7:45 What is job redesign?
14:18 Have you had a job redesign?
20:58 Do all jobs need to be redesigned for relevance?
29:35 Should all employers job redesign?
38:15 Approaching job redesign with limited resources?
47:41 Who should initiate job redesign?
52:27 Is it fair to have employees OT for job redesign?
59:10 Job redesign VS find new job
1/12/2024 • 1 hour, 9 minutes, 54 seconds
Should you start a business with a close friend?
This episode, we talk to the founders of The Black Hole Group; a collective of lifestyle and F&B concepts.
They started out in 2012 with a backpacker's hostel, and now they own about 13 F&B and lifestyle concepts and are still going strong.
More importantly, they are friends who started a business together, and we are super excited to talk to them because The Woke Salaryman was also started by two friends who met in school. They met in JC; while we met in Poly, so we have so many things to ask.
We will ask them about what it's like starting a business with a close friend, how to maintain or balance being friends and business partners, and their journey from plucky 26-year-olds running around putting our fires in a backpackers hostel to essentially, F & B moguls.
0:00 Intro
1:16 Why are they called The Black Hole Group
10:05 Starting a hostel in their 20s
15:17 The margins of running a hostel
21:08 Scaling the business
24:02 Do you hang out as friends now?
28:58 Working together as friends/cofounders
37:15 Growing a business = compounding learning
41:00 COVID as a wake-up call
48:20 Co-founders with different lifestyles
54:21 Would you recommend starting a business with a close friend
11/14/2023 • 1 hour, 1 minute, 6 seconds
We talk to a professional cruise magician
Jeremy Tan is a professional magician who does a lot of work on cruise ships!
We talk to him about the pros and cons of working in such a unique job, what it takes to succeed as a magician, balancing artistry and corporate crowd pleaser, adapting to COVID, and more.
0:00 Intro
1:23 How he started magicking
7:19 Becoming a cruise ship magician
15:31 Adapting to COVID
22:17 Revealing magic tricks to the public
33:50 Crowd pleasers OR artistry
38:14 Jeremy does a magic trick
10/17/2023 • 1 hour, 25 minutes, 23 seconds
Our approach to sponsored content
We respond to some spicy comments on Reddit about the fact that we have sponsors, and talk about how we approach sponsored content, what we say no to, and whether we think we've sold out, and whether we can sleep at night.
The Reddit thread: https://www.reddit.com/r/askSingapore/comments/15c2suy/is_the_wokesalaryman_just_sponsored_nonsense/
READ OUR COMICS:
Instagram: https://www.instagram.com/thewokesalaryman/
Facebook: https://www.facebook.com/thewokesalaryman
LinkedIn: https://www.linkedin.com/company/thewokesalaryman/posts/
Our website: https://thewokesalaryman.com/
Timestamps:
0:48 Is TWS sponsored nonsense?
4:38 When we reject clients
9:52 Do sponsors make content bad?
13:06 Fluffy centrist content VS taking a stand
15:18 Have we run out of topics?
18:14 Choosing tone, raw vs empathic
23:02 We make readers feel unambitious :(
24:17 Limitations of content formats
27:26 TWS is self-righteous
32:00 OP elaborated more
35:03 Bye bye :(
8/19/2023 • 38 minutes, 31 seconds
Why this financial agent doesn't take commissions and why Asian fathers struggle to be vulnerable
Watch this to understand how your financial agent is actually being paid, and what your options are.We also talk about parenthood and why Asian parents find it so hard to be emotionally vulnerable with their kids.0:00 Intro1:24 Convo starts12:06 Flashy agents and flashy wealth20:56 Chris' childhood25:39 Being caught in the wealth trap30:14 Working hard VS Time with family38:00 Asian parents and affection43:22 Fresh grads, do this now46:50 What are rich people like?50:27 Financial freedom as a MINDSET
Providend's Podcast: https://open.spotify.com/show/5Z3FcQx5rHHFx8Fd2gLhOl?si=98960dbb5db54a2c
7/27/2023 • 56 minutes, 9 seconds
We interview our first hire
Meet Vivienne, she's the first person we hired since we went full-time with The Woke Salaryman.
2.5 years ago, Viv left an amazing job at a very esteemed bank to join our humble little rickety company.
2.5 years on, our company is still rickety; but she has become indispensable.
We interview Viv in this podcast about what it's like to go from a huge, highly regarded MNC to a tiny SME, whether she has any regrets, and what we do well and not so well.
6/17/2023 • 1 hour, 39 seconds
AI IS COMING.
At The Woke Salaryman, we create content by writing and drawing. A.I. solutions for these 2 functions are getting really really good.
Are we at risk?
In this podcast, we discuss specific short and long-term worries we have about A.I.
We also talk about what we'll do if we are fresh grads entering the market now.
6/10/2023 • 48 minutes, 45 seconds
Are hawkers sustainable in Singapore?
Hawker culture is very important to Singapore culture.
Central to the definition of HAWKER is the idea that hawker food should be CHEAP and GOOD; but are hawkers still financially sustainable in a world with aggressive inflation? Can hawker prices keep up with inflation and still satisfy customer expectations of low prices?
We talk about this and more with Faye Sai, one of the three siblings that run Coffee Break: a third-generation hawker store at Amoy Street Food Center.
They took over the stall from their father, and they serve traditional-style coffee in a hawker setting.
5/12/2023 • 1 hour, 14 minutes, 11 seconds
Singapore is the most expensive country to retire in
We talk about this infographic that compares the cost of retiring around the world.
Singapore is the most expensive country apparently. We discuss why this is so and what Singaporeans can do.
Source: https://theindependent.sg/singapore-allegedly-the-most-expensive-country-for-americans-to-comfortably-retire-in/
Original source: https://www.netcredit.com/blog/cost-of-retirement/
(The link to the original source article doesn't seem to be working anymore but you can still find the infographic if you google 'Netcredit cost of retiring around the world'.)
Timestamps:
0:00 Intro
2:18 Reasons why Singapore is the most expensive country to retire in
2:24 Singapore's unique position as a city-state
3:22 Retiring in Malaysia?
6:16 Retiring in Australia?
9:09 Retiring in Japan?
11:14 Prices of retiring at different countries
11:49 Pros and cons of retiring overseas
11:56 The value of the Singapore dollar
13:24 Size of the country where you retire
14:36 Pace of life
17:10 Leaving your relationships
18:42 Giving up local identity
20:01 Learning new language nd culture
20:43 Raising kids
24:14 Giving up safety
24:50 Economic mobility
28:00 is it wrong to leave your country of birth to retire?
32:00 Looking at Southeast Asia as a whole
34:34 Does the productivity of residents matter to governments?
36:52 Attestupa
39:17 Elderly people retiring
42:13 Should Singaporeans consider retiring overseas?
3/11/2023 • 45 minutes, 15 seconds
Do we become more conservative with age?
It may be hard to believe but we used to be very left-leaning when we were younger.
This is us reacting to a short clip of an older fellow with a nice voice talking about how his political leanings shifted as he grew older.
Original video: https://www.youtube.com/watch?v=NS4UT_t73b0
(This is purely anecdotal and qualitative of course, we know plenty of people who stayed left, or became MORE left with age.)
3/2/2023 • 19 minutes, 40 seconds
Almost half of Singaporeans don't have enough savings to last 6 months
We react to a report summarizing how Singaporeans are doing when it comes to financial wellness in the past year.
Read the report here: https://www.straitstimes.com/singapore/close-to-half-of-singaporeans-dont-have-enough-savings-to-tide-through-an-emergency-survey
2/24/2023 • 36 minutes, 55 seconds
Are most bosses incompetent? The Peter Principle REACTION
(Sry there was an issue with the export so some parts were muted. We've fixed it) This is a bit late but we intended not to publish this for audio initially. But I think we will just drop it anyway because it's quite a good discussion.
Hope y'all enjoy!
The original clip can be found on YouTube if you just search for 'The Peter Principle'.
12/13/2022 • 22 minutes, 14 seconds
Ep 10: Quiet quitting? Really?
Setting healthy boundaries with work, measuring productivity, attendance vs work done.
Time stamps:
0:00 What is quiet quitting and our thoughts on this
3:45 Is quiet quitting just setting healthy boundaries and pushing back against hustle culture?
8:45 Make productivity part of the negotiation with your boss
9:00 How quiet quitting might be damaging for your career long term
11:42 How companies manage employees out in response to quiet quitting
13:54 Comparing this with hikikomori and the lie flat movement
15:54 What will we do if our employees are quiet quitting?
19:15 Our thoughts on companies managing people out
21:08 What will we do if we're thinking of quiet quitting
26:05 Understanding markers of productivity as a response to the quiet quitting culture
28:03 The top 1% of workforce talent and the benefits that come with it