We often hear (and believe) that money cannot buy happiness. Of course, we all require financial resources to meet our basic needs for food, clothing, housing, and other requirements. By nearly any measure, having money is preferable to having none. But how much money do we need? The answer is different for everyone, as […]
Success doesn’t come overnight. Having clear goals and doing as per action plans are important to get you closer to what you want. If you have never thought much about this, here are 9 ideas of financial goals that everyone can simply implement them. #1: Have sufficient emergency savings There will always be unexpected expenses […]
A little debt would not hurt, will it? That is how it starts. You make a small purchase on your credit card and across time, without you realizing it, you’re thousands of dollars (or RM) in debt. To stay out of debt, it is important to identify the habits that got you into debt in […]
Financial Rule is a good starting point for getting your finances on track. Plus, understanding the rules, helps you to make quick money calculations or decisions at your fingertips. So, herein I share; 6 Financial Rules Every Person Should Know #1: 1% House Maintenance Rule If you own a house, you should […]
When I was working in corporate companies, I was approached by a few Unit Trust consultants. I did invest in Unit Trust by using my EPF savings after being convinced of the potential returns. As I was not really understood how Unit Trust works, I gave 100% trust to the consultant to choose the funds […]
When organisations undergo a major change eg restructuring etc, everyone is affected. Plus with the current situation of Covid, oil price drop, and economic uncertainty, downsizing is inevitable. More workers expected to lose their jobs either being retrenched or offered MSS (Mutual Separation Scheme) package. If this happens to you or someone you know, here […]
Dave Ramsey is a well-known financial guru who has radio show and other media presence. He has helped millions of people get out of debt and educate them on money management. Ramsey has written more than 15 books. One of the best-selling is The Total Money Makeover. The Total Money Makeover by Dave Ramsey In […]
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 […]