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When it comes to financial planning, there’s no such thing as too late or too early as everyone at their age could start planning their finances. The way to manage it might not be the same for everyone, as not all of us are at the same financial stage in life. Let’s take a look at how you can plan your finances at different life stages. The 20s (Building Foundation) Investing at a young age is not as easy as you are just starting to build your life and career. But remember, even though it is not easy, that is[…]

Insurance is essential in protecting our life from any potential risks that could ruin our financial wellbeing. Be it life insurance, travel insurance or health insurance, all these different types of insurance policies are there to protect you and your loved one in the event of a mishap. Among the many insurance products in the market, health insurance is a must-have policy to include in your financial plan. Health insurance will be a big help in reducing your financial burden of having to pay the hospital bills and the medicine cost that continue to rise. Malaysian are blessed with public[…]

We encounter countless risks throughout our lifetime. Although risks can be intimidating, there are ways to manage and deal with them accordingly. Investment, like everything else, involves a certain degree of risk. You are exposed to different forms of risk when you invest. Even not investing at all has its own risk. An investor should be able to tolerate some amount of risk to build wealth. The risk of investment refers to the potential for losses instead of projected return on investment. The expected profit is never guaranteed when it comes to investment. That’s why having an understanding of the[…]

Experiencing setbacks is part and parcel of life and it’s no different when it comes to our finances. Be it a major financial setback like a layoff or a minor setback like an unexpected car repair, both can hit us emotionally and psychologically if you’re not financially well-prepared. If you find yourself dealing with any financial setback, consider following these steps below to get you back on track.  Assess your current situation Having an emergency fund worth at least 6 months of your expenses will be a big help during this dire time. But what if your savings is not[…]

Money can be an uncomfortable topic to talk about even among couples. There is a fine balance to keep when discussing financial matters as it can make or break your relationship. As unpleasant as it is for some couples to discuss their finances, managing your money as a couple is important – especially if you are planning for the future that involves children, college funds, and retirement plans. 1. Set A Time and Occasion to ‘Have the Talk’ It is easy to keep putting off uncomfortable discussions, especially when both parties would much rather avoid having the conversation. This could[…]

Keen to turn your hobby into a money-making venture? There are ways to do it if you can spare some extra effort and time to turn your pastime activities into generating some extra money. Monetizing a hobby is quite popular in this era of digital marketing and online businesses. Etsy is a prime example of a successful platform that helps individuals monetize their hobbies. If you have been thinking about turning your hobbies into a second income, then these tips might be able to help you. 1. Plan Do your research and set up a business plan. Find out how[…]

They said that building wealth is pretty straightforward. You just have to earn more, save more or invest more. But if growing wealth is that simple, why are many of us still living from paycheck to paycheck? If you notice that in every movie, there will always be that one antagonist who tries to mess everything up. In our world of finance, there are several common enemies that are eating up a chunk of our wealth much faster than we can imagine. These enemies will stop your money from growing even after all the hard work. Here are the 6[…]

Making mistakes is part and parcel of life. But a mistake associated with purchasing insurance is a mistake we cannot afford. Purchasing the wrong insurance policy with insufficient coverage or even overlapping coverage can hurt us financially in the long run. It will cost us precious time and money when it can be avoided altogether. Below is the list of common mistakes you could make when buying insurance. Let’s check them out. Not making any comparison Most of the time, people will avoid making comparisons for the insurance coverage that they’re going to purchase. It’s such a hassle they said. The[…]

Picture this: you’ve been queuing forever for your things, and as you finally approach the head of the queue after seemingly YEARS of waiting, you hear 3 horrifying words: “Sorry, cash only.”  How inconvenient! You scoff. Who even carries around cash nowadays? In the age of Paylah, Paywave, Grabpay and a plethora of other virtual payment options, carrying around cash could even be considered a faux pas in this generation.  And there’s certainly no reason to! Even our hawker centers are moving towards cashless options and all for good reason: virtual payments are safer, more convenient and even more effortless.[…]

I’m sure at some point in our lives, we’ve all wondered: when did my childhood end? When did our lives stop consisting of playgrounds and blistering summer heat, sleepovers with our best friends and waiting for our parents to check for the monsters that lived underneath our bed? Somewhere, along the stages of growing up, we’ve outgrown our childhood dreams and fears, where the monsters hiding in our closets turn into monthly letters hiding in our mailboxes. I’m sure we certainly treat our bills almost the same way we did our childhood demons: pretend it’s not there and it no[…]

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