Personal Finance and Be Money smart! – Part VIII: Financial health check up

Personal Finance and Be Money smart! – Part VIII: Financial health check up

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 [...]

Personal Finance and Be Money smart! – Part VII: Enjoy spending money, but mindfully

Personal Finance and Be Money smart! – Part VII: Enjoy spending money, but mindfully

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 [...]

Personal Finance and Be Money smart! – Part VI: Invest and know the risks of investments

Personal Finance and Be Money smart! – Part VI: Invest and know the risks of investments

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, [...]

Personal Finance and Be Money smart! – Part V: Shit happens!

Personal Finance and Be Money smart! – Part V: Shit happens!

Key takeaways: Personal finance can be affected by local/global economy;Future can be unpredictable, so always have a Plan B;Your Plan B should support you through the storm;Start building your Plan B today; it's never too late. I feel like writing this article because it's a good timing for many people to read. Since the pandemic [...]

Personal Finance and Be Money smart! – Part III: Do you want one or do you need one?

Personal Finance and Be Money smart! – Part III: Do you want one or do you need one?

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 [...]

Personal Finance and Be Money smart! – Part II: Spend less

Personal Finance and Be Money smart! – Part II: Spend less

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 [...]

Personal Finance and Be Money smart! – Part I: Get the fundamentals right

Personal Finance and Be Money smart! – Part I: Get the fundamentals right

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 [...]