Aim For Small Wins

Over the course of four months, researchers at Harvard conducted a study of over 200 employees at seven different companies. The study required participants to do one simple thing each day – respond to a survey at the end of their workday. The survey asked about the participants’ mood, motivation level and what they did … Continue reading Aim For Small Wins

Why You are Screwed if You Only Pay the Minimum Amount of Your Credit Card Balance.

If you have RM 10,000 balance on your credit card and decided not to keep charging any future expenses to that card while maintaining a minimum payment every month. For a balance of RM 10,000, the minimum monthly payment is RM 500. Your next monthly is not RM 9,500 but RM 9,618.75. Where does this … Continue reading Why You are Screwed if You Only Pay the Minimum Amount of Your Credit Card Balance.

The Importance of Financial Planning.

Financial planning is a step-by-step approach to meet one’s financial goals. It is part of overall life goals. A financial plan acts as a map for your financial life’s journey. It helps you to be in control of your income, expenses and investments.  We live in a physical world. The physical world uses money, in … Continue reading The Importance of Financial Planning.

The Monetary System.

The Greeks was the first society to be transformed by money. Here are just few examples how money transformed the world. Cities like Athens which had a strong currency, grew and democracy flourished.Kings could now afford armies and that with it came more wars.Economist emerged.Marriage became a business, dowries, bride prices, divorce settlements were now … Continue reading The Monetary System.

Will You Outlive Your Retirement Fund?

Do you know how much you need during your retirement years in order to have a dignified life?  Before you can answer that, there are several other questions you need to address first.  Let us explore.  To know how much you need during your retirement years, you need to know how long you expect to … Continue reading Will You Outlive Your Retirement Fund?

What is Your Net Worth?

Apart from cash flow statement, net worth is an important benchmark in gauging your financial situation. It gives you a reference point for measuring progress toward your financial goals. Net worth is the value of the assets minus the liabilities. Net Worth = Assets – Debts Determining your net worth is a fairly easy task. You list and … Continue reading What is Your Net Worth?

Personal Cash Flow.

Many troubles in life can be attributed to not being prepared. A brief glimpse to history provides ample proof of this. And looking through the same history books, one will notice that victory doesn’t belong to the strongest, or the smartest or the biggest. It always belongs to the most prepared. Success always favours those … Continue reading Personal Cash Flow.

Investing For The Fifty Somethings.

I often get asked by friends who are at their late forties and early fifties what is the best way to invest in the capital market. Before getting into that, here are few things that you must know. There are numerous asset classes—or, to put it simply, investment "categories." The three main assets classes are: … Continue reading Investing For The Fifty Somethings.

Overspending Will Hurt You and Get You Into Financial Trouble

It’s a common scenario. We walk into a store to get one simple thing, and end up leaving with two bags bulging full of whatever caught our fancy. And we do this many times over. Overspending is the number one reason people get into financial mess. In the case of compulsive overspending, the problem is … Continue reading Overspending Will Hurt You and Get You Into Financial Trouble