fbpx

In a world full of uncertainties, insurance is the best way to back you up and prevent personal loss. “It’s the peace of mind that you’re buying,” some people would say. However, a lot of people subject themselves to the dangers of being underinsured when cost becomes the biggest factor. Many people focus on the current premium they pay and fail to see the long-term benefits insurance can bring. Instead of evaluating their actual needs, they opt for the least expensive plan they can get. A bargain sounds good, but the risk of being underinsured is not a price anyone[…]

Have you ever imagined how your retirement life will look like? What will happen to your spouse, children, siblings or parents in case of an unfortunate event? How do you cope and manage your life if you’re severely injured and lost your job? Given such possibility, it poses the question of why people don’t buy life insurance despite knowing the risks involved. Life is unpredictable and filled with unpreventable events too. It’s intimidating to find out that we’re unable to control what happens next. The point is, have you prepared yourself to face the aftermath?   By having life insurance,[…]

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[…]

As a generation focused on living in the moment, millennials are prone to making big mistakes with their finances. We spend too much time on online shopping, streaming websites, viral restaurants etc. But no worries, because these are the money missteps this generation is making and here’s how to combat them! 1. Not Setting Up an Emergency Fund Life is often unpredictable which is why emergency funds are important! When unexpected situations occur – medical issues or a job loss – it is crucial that we have a fallback account to rely on as an extra measure. But millennials are[…]

On July 23rd, Prime Minister Tun Dr Mahathir Mohamad launched the National Strategy for Financial Literacy 2019-2023 and ignited a thought-provoking discussion between Roshan Kanesan and Robert Foo on Wednesday’s Ringgit and Sense Podcast. Themes of the podcast include financial literacy, financial planning and EPF’s e-Member Investment Scheme but for contextual sake, let’s take a look into the financial situation occurring in Malaysia. Knowledge is Critical How do we expect to manage our money well and make the best financial decisions if we have no sources or information to base our decisions on? It is a dangerous path, one committed[…]

Make your money grow but choose the best way to do it. Most leading personal finance experts prefer to advocate the route of improving their earning power instead of saving money, so which do you think is the best way to grow your wealth? One can argue that it is better to have a combination of both good earning power and setting money aside for a nest egg. If you are looking to explore ways to how best to grow your wealth, then looking into the fundamentals is a good way to start.  The Old-Fashioned Approach The conventional way of[…]

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[…]

>