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 […]
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 […]
Are you buying a too expensive house or too many houses? I love real estate. It’s a key part of you owing asset and building wealth. But you have to know how much you own this property or that asset will going to own you. In general rule, you should NOT […]
4 Money Rules Every Woman Should Know 1. Don’t worry about how other people spend their money. Everyone spends differently. You may have friends that love spending on fancy stuff, expensive dinner etc. Not necessary you have to follow. Understand your value, the richer your life will be. 2. Save for rainy days. Whether you […]
Investing is not necessarily about money. If you invest in yourself, you can earn the returns forever. 1. Invest In Your Mind – Read From Tun Mahathir to Bill Gates and Oprah, a lot of super successful business leaders have said that reading habit is the key to their success. You can start by reading any […]
I once invited to a luncheon to meet up with Deepak Malhotra at Kuala Lumpur. Deepak is an American economist focus on negotiation strategy. He’s also a Professor at Harvard Business School. During the luncheon, Deepak shared some tips from his book ‘Negotiation Genius’. Below is one of his tips that I always use — […]
Last week I had a lunch with my client Mr SN. He’s a director at a big bank. He’s very successful and had max his ASB savings. I thought his career life must be smooth sailing till he shared me his story. Back in year 2009, his business went wrong and put him in a […]
1.Take on more responsibilities2. Share your goals and ask for feedback3. Demonstrate your accomplishment and added value4. Don’t ask at a terrible time5. Do your research on market rate6. Talk about your value, positive notes and future contributions7. Be prepared to hear ‘No’ and plan your next step8. Focus on work achievement, not your finances9. […]
When I was working in corporate companies, I was approached by a few unit trust consultants. I did invested by using my EPF savings after being convinced on the potential returns. As I was not really understand how unit trust works, I gave 100% trust to the consultants to choose the funds for me. Unfortunately, […]
Buying a property is a long term commitment. You need to hold the property for at least 5 years if you don’t want to pay the expensive RPGT tax. Below tips were based on my experience and guides from my property guru, Milan Doshi. Hope it will provide you with good insights. Buy at high […]