Do you have extra cash sitting in your bank account? You are keeping it in fixed deposits (FDs), so it is considered as an investment right? Sadly, the answer is no. This is due to the fact that our personal inflation rate (click here to learn more) is often higher than the interest rate of …
In personal finance, the term “liability” often conjures up images of debt—credit card balances, mortgages, car loans, and student loans. While these are indeed common forms of liabilities, the concept of what constitutes a liability is broader than just financial obligations. To truly understand and manage your financial health, it is essential to rethink and …
In personal finance, assets usually mean things you own that has monetary value. They are further divided into cash and cash equivalents, investment assets and personal use assets (click here to learn more). However, if we really think about it, an asset should be a thing that can generate income. A car that requires monthly …
Credit cards have become an essential part of modern financial life, offering convenience, rewards, and flexibility. Most Malaysians have access to credit cards nowadays. As long as you have an income, you most probably qualify for a credit card. Credit cards are widely used for everyday transactions, large purchases, and even for building a credit …
Purchasing a home is one of the most significant investments you will ever make, and securing a home loan is a crucial step in this journey. A home loan, also known as a housing loan, is a financial product offered by banks and other financial institutions that allows you to borrow money to buy a …
In Malaysia, most people own at least a car due to the inconvenience and uneven accessibility of our public transport system. When we buy a car, car loan is involved. This car loan is also known as hire purchase. Key considerations before taking a car loan 1. Loan amount and interest rates Car loans in …
Once in awhile, I received offers from banks to lend me personal loans. The rates sometimes can be attractive (almost the same rate as fixed deposit interest rate) and sometimes can be exorbitant. In this article, we shall discuss about this type of loan. Pros of personal loans 1. No collateral required Most personal loans …
In this net worth series, I have shared the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s (click here to read), 30s (click here to read), 40s (click here to read) and 50s (click here to read) in the previous posts. In …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s (click here to read), 30s (click here to read), and 40s (click here to read) in the previous posts. In this post, we will talk …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s (click here to read) and 30s (click here to read) in the previous posts. In this post, we will talk about the desired net worth …
