Budget is a basic and effective skill in financial planning. Budget summarises the expenses of your money or measurement of your finances. A good analogy of budget is like you bake a cake. There are measurements for every ingredient such as sugar, flour, butter, etc. If you put the flour too little, then the cake would […]
I started using a credit card when I worked in corporate. I behaved using it and ensure I pay timely or keep a reasonable balance at any time. However, the discipline changed when I became a consultant. As my income is like a roller coaster, I turn to a credit card for emergencies or buy […]
Getting out of debt is not impossible. Like any goal, it requires steps, action plans, and determination to accomplish it. You just need to find a technique or a system you can follow and apply it to your needs. Hence, this is 10 Practical Ways To Reduce Debt Faster 1. Relook at your old housing […]
When I was working in corporate, I never thought of retirement. I was so busy with routines; office works and things I need to do when back home. However, I witnessed one of my relative’s struggles. Before he worked in a giant oil & gas company. He earned a good income. He and his family […]
In life, things happen all the time. As much we want to predict the future, sometimes reality does bite and give us surprises. It could be your car gets flat tires or a major breakdown, or you lose your job or you get a pay cut. These are examples of things that might pop up […]
If you want to start savings for long-term, which one should be the priority? Your retirement or your kid’s college? My answer: Your RETIREMENT. Why? #1. Duration Kid’s college: Typically about 4-5 years. Retirement: It may last 25 -30 years. # 2. Survival Kid’s college: Luxury. There are options to select either an expensive or a […]
Last 10 years I like to read online on how people progress in their life. I read and jot down some notes on any topics that interest me. Yesterday, I saw back my notes and thought of putting in my blog. For my forever reading and sharing with my readers. 10 Things Successful […]
10 Ideas to Set New Year Financial Goal 2021 1. Cap the credit card value. Eg. Cap at $3,000 at any time.If the balance has exceeded $3,000, try to pay as much to ensure the balance is reduced below the set value. 2. Create a budget and stick to it. Budgeting is the most important […]
27 Practical Ideas for what to do in Retirement Retiring is a huge life event. If you dont manage it well, Statistic shows that 40% of retirees got into depression. Here are 27 practical ideas what to do in retirement; 1. Make a list or bucket list – Write down a list of things you’ve […]
Top 5 Worries In Retirement 1. Loss of Identity A lot of people especially men feels that their identity is associated with their work, what they do for living. So when they don’t work, they don’t know how to answer when people ask ‘what do you do’ 2. Fear Become PoorThe biggest fear about retirement […]