Summary of Reddit Comments on Skills in running a Milk Tea Shop

Recommendations on Generating Additional Income

• Finding Another Source of Income

  • A user advises, "That 10k won't be enough to prepare for your retirement and son's college expenses. Find another source of income."
  • Another user highlights, "You need to accumulate a big emergency fund. You really need another source of income."

• Starting a Business

  • One user suggests, "Perhaps start a cooking business since you said you are good in that area -- maybe one that can utilize Food Panda or other delivery services."

• Avoiding Financial Dependency

  • A user emphasizes, "Being financially dependent on someone is not a situation that u should be in. U will never predict when it will stop so have a plan B. Get a job or start earning from business."

Investment and Financial Management Advice

• Insurance and Investment

  • A user advises, "Stop insuring your child. Place the money in FMETF or MP2 instead. Insuring a child is not only macabre, but it's also useless."
  • Another user points out, "Check out MP2 from Pagibig for passive investment due to your son's age. It matures in 5 years."

• Managing Finances

  • A user suggests, "Build up your emergency fund, preferably 1 year worth of expenses."
  • Another user recommends, "Since you need to travel often, maybe you can look into becoming a virtual assistant."

Enhancing Skills for a Milk Tea Shop

• Key Skills Required
  • A user highlights, "Ms excel, English proficiency, at least basic photo/video editing, writing, and as much as possible be tech-savvy."

Overall, the key advice revolves around diversifying income sources, making informed financial decisions, and developing necessary skills to manage and succeed in running a Milk Tea Shop effectively.