After a series of personal finance posts, it's time to go through a health check on your personal finance! If you have a personal finance planner, then your planner should have gone through annual checks with you. If you don't have a planner working with you, then it's not hard to go through a check... Continue Reading →
The way you spend money is a habit that you've cultivated for years. This is best seen from teaching your own children how and why to spend money. I remember I started teaching my daughter how to spend money when my daughter started her kindergarten. At the age of 5, she quickly knew that there... Continue Reading →
If I ask you: "what business is McDonald's in?" Then, I guess most people will say that McDonald's is in the fast food business; they sell burgers. Well, this is not entirely true. The most interesting thing I learned last year about finance and business was that a company can have a business that builds... Continue Reading →
Key takeaways: all investments come with risks;knowing the risk is essential for personal wealth;time can be your good friend in investment, so start early. When I was young, I thought investment was hard and it required specialised knowledge or a fancy degree to do. So, I didn't pay much attention to investment. At that time,... Continue Reading →
Key takeaways: rich people borrow money to make more money;poor people borrow money and spend it;always pay off your debts early and don't over borrow. If you borrow $100,000 with an annual interest of 3%, then by the end of the year, you will need to pay $3,000 interest. This makes your total debt to... Continue Reading →
Key takeaways: You my want to own many things, but you don't need all of them;Learn to distinguish the difference between wanting and needing;With this in mind, you know how to spend money;While you spend less, you have more to save and invest;In the long run, you have more! When my kids were small but... Continue Reading →
Key takeaways: Small savings add up big in the future;Human brain loves joy and the chemical coming with the joy;Analyse your past spending on Excel; you will be surprised!Cut subscription-based spending items will save you a lot;Prepare your healthy food and beverage is nicer and cheaper than buying them. If you buy two less take-away... Continue Reading →
Key takeaways: Money is essential to everyone, so get to know money well;Personal finance is a long-term project, so start today;Get the financial fundamentals right;Time, again, is your best friend on the road of building your wealth. Before we start this series of blog posts, let me make one thing clear: My contents are based... Continue Reading →
Key takeaways: Time, if used wisely can be super powerful;Adding small pieces of time together, it becomes a big chunk of time;Use your time wisely, because everyone has 24 hours each day, no matter who you are. Time can be a very powerful tool, if you are aware of it and if you use your... Continue Reading →
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