Debts do not usually come because we earn too little. It usually comes when we spend more than what we earn and we start borrowing in order to cover the shortfall in income versus spending. As for debts, there are good and bad debts. Bad debts would be those which does not provide us any … Read moreMore than 30% spent on repaying debts. Real potential for financial bubble.
R here stands for retirement lah. Whether it’s 45 (wow… congratulations to you), 55 (okay, about normal), 65 (still healthy, why sit down and watch TV?) or even 75 (like some seniors who could not afford to retire yet). On second thought, I do think I want to keep working but not a full time … Read moreBefore the R day, think of these 5 things in advance yeah.
My definition of investing for the working professionals? It’s small, usually and it’s monthly too. It’s long-term. It’s also very hard in the beginning because we are so used to spending everything we earn every month in every way we could! We withdraw one whole stack of RM50 and put it into our wallet. Chances … Read moreInvesting can be easy via StashAway.
This article will not have much to do with property investment yeah. However, I must write this because I think the world is getting too materialistic and sometimes just too complicated that we fail to take a step back and appreciate everything we have today. Yea, the title of the article is quite an Ouch. … Read moreNobody appreciates you until you are a somebody
A friend mentioned to me that our Employees Provident Fund (EPF) has just purchased Sports Direct. I said, nope I do not think EPF will buy a retail chain and I hope they do not because it’s extremely competitive these days. This was what EPF’s chairman said recently. Zeti: Diversification is Vital (click to read) … Read moreEPF is NOT buying Sports Direct directly, ok?
When we get married, it’s best to own our own roof over our heads. Renting is not the best option. Yeah, my father-in-law was the one who reminded me to buy a property BEFORE I got married to his daughter. That was 17 years ago. Anyway, the main reason we should buy a property is … Read moreFinancial issue will always be a major issue. Be warned.
Whenever people ask me how much will property prices rise these days, I always tell them that it is okay for the prices to just follow the inflation numbers. The reason for saying so is very simple. Yearly increments could be 5% but that’s based on monthly salary. Thus, RM5,000 x 5% = extra RM250 … Read moreProperty prices? Following inflation is fine. What’s the number?
We often hear of Malaysians complaining that they could not survive financially in Kuala Lumpur. There are many real cases due to some unforeseen circumstances usually but some are complaining while holding the latest smartphone in their hands. They could not afford both the cost of living as well as looking inferior in front of … Read more16.2% worse off, 52% ZERO financial growth. Yeah, Malaysians in KL.
Any thoughts about becoming a billionaire? Well, perhaps the currency plays an important part as well. How about US$ billionaires? Any thoughts where are they and what they do? Well, for what they do, here’s an earlier article: Aiming what billionaires do, first As for where all these billionaires come from, here’s one latest article … Read more15 countries where the most billionaires are in. 🙂
I wrote this article over 3 years ago: When CEO’s salaries get too high. Frankly, a CEO getting paid RM20 million versus RM15 million? The difference is not huge because the usual things he could buy with RM20 million or RM15 million is well, nearly everything. That difference of RM5 million, even if divided to … Read moreMalaysian CEOs paid 148x more than average worker pay.