fbpx

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[…]

Malaysia has tonnes of insurance policies that you might not be aware of. But before that, let’s ask ourselves. Why do we get insured for? People opt for health insurance to pay for hospital bills, life insurance to ensure their loved ones are financially secure after their demise and car insurance to protect their wallets in case accidents happen. Those are the common types of insurance that most Malaysian choose. Technically, insurance is a wealth preservation tool that gives you a peace of mind against unprecedented accidents. However, there are other insurance in Malaysia that you wouldn’t think is necessary[…]

Myth #1: Financial planning is only for the rich Misconception The general perception of having financial planning is that it is for the wealthy. The middle class and the poor do not have the surplus or the allocation in their financial state to think about financial planning and savings due to their circumstances. A person who is living from paycheck to paycheck would have to think about stretching what little income they have into paying bills and surviving from month to month. The thought about financial planning would not be their priority. Most low-income earners are mindful of the fact[…]

Expecting a little bundle of joy to join the ranks of the family soon? Congratulations and welcome to the world of parenthood! Being a new parent is all about exploring and learning about new boundaries. Most lessons about being new parents start with the preparation process for the little one to arrive. If you and your partner are feeling a little overwhelmed by the amount of things needed to be purchased for the child, then perhaps this cost breakdown might be helpful to budget your potential childcare expenses. 1. Hospital Visits Your prenatal checkups are important as you will be[…]

Did you know that talent, money and looks aren’t always factors for success? It’s true! It’s easy to believe that only certain people will ever be successful in life but you’ve been misdirected. What makes someone rich and successful, ladies and gentlemen, are habits. Yes, you read that right. HABITS! Today we have 8 special tips and habits of the rich and successful for your guidance: 1.       They Read a Lot Reading is an enriching experience and rich and successful people know this. According to Tom Corley, the difference between rich people’s reading habits and poor people’s[…]

Are you clueless about your own financial situation? Many of us do not have a clue about our own financial and retirement goals. Worse still, we do not even keep track of our spending and how much we are saving towards their retirement.  This is an issue. Everybody should know their own financial situation and goals. After losing control of their own financial situation, many of us end up accumulating insurance products that do not benefit us. Or even worse, we do not know what these insurance policies cover and end up getting policies with overlapping coverage. It will not[…]

Are you interested in making your money work for you as a side passive income? Then perhaps it’s time to start looking at investing your hard-earned cash into investment options available in Malaysia to grow your nest egg.  If you are just looking through and researching your options for your first-time investment in Malaysia, then you will need to start by determining a few essential details to narrow down which sort of investment would work best for you. One of the first things you would need to do is have a comprehensive understanding of your finances, a complete breakdown of[…]

>