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 …
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 in the previous post (click here to read). In this post, we will talk about the desired net worth of a person in the 30s. …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We will start with a person in the 20s. Data source Before we begin, let me explain the sources of my data. As I could not find the exact data for Malaysians’ net …
