ABCs of Personal Finance
The accident not my fault, can I claim insurance and NCD remains intact?
The accident not my fault, can I claim insurance and NCD remains intact? My first thought was, no. Of course not. If it’s a small
The accident not my fault, can I claim insurance and NCD remains intact? My first thought was, no. Of course not. If it’s a small
EPF News: RM15 billion withdrawal from Account 3 is not good news This is the purpose for Account 3: “The Akaun Fleksibel offers you the
EPF’s Q1 2025 investment income drops by double digits EPF’s returns are high by any standard especially in these few years where things are more
You will pay more for water! Drinking just got more expensive. How much is water price for a bottle of water, do you know? Here’s
Most of everyone will NOT have RM240,000 in EPF when they retire. What about you? Never ending studies and research and it’s showing the same
Let’s use Buy Now Pay Later for fried chicken too! How many Malaysians buy things now and pay later? BNPL is a worry. BNPL is
Every Malaysian adult will get RM100 each and more. Enjoy!
No property ownership, lose the business. (If the business does well) Two units down to one unit because rental was increased This has happened again
Someone told me some brands of car have a higher resale value. He mentioned that Japanese branded ones are better than the Continental brands. I think he is right. We just need to note that most buyers of these continental brands did not buy them for higher resale value. They bought those cars because when they drive it, they could feel it being more stable, maybe. They bought the cars simply because it has a premium image to it versus others which could have a reliability image instead. However… we should not be buying a car based on higher resale value.
If I take up a home loan and I did not pay on time, the bank is very likely to take further actions including even auctioning off my home to get back the money to pay for the loans. If I did not pay my credit card debts, at the end of the day, I may be declared a bankrupt by the financial institution. If I borrow money from my friend, I better repay the debt or I may lose this friendship and also all our common friends since this friend will tell everyone else that I did not pay back the borrowing.
These days, there are many personal finance experts in the market. Some do video, some write and somehow for many of them, their advice is always to skip property investment. Erm… Let me tell you this fact yeah. If someone says they are a personal finance expert and are giving personal finance advice about all other investments except for property investment, then it’s important to note the numbers below which will without any doubt affect anyone without a property of their own.
This is why if we like to understand if people are living comfortably, do not look at just the average income and then converting that into some other currency (Like from SGD to RM) and then laughing at the country where the currency is weaker. The fact is that average income would include the income of a senior manager and a cleaner and averaging them both tells nothing about both of their lifestyle and comfort. So, our focus is median income.