Paying For What You Do Not Need
Once when I was in my teens, I was talking to a fellow older colleague about handphones. It was still the era before Android, during a time when Nokia and Sony Ericssson was still in the market. My colleague was…
Category Financial Literacy
The Cost Of Being Poor
Some of you may have heard of Captain Vimes’ boots theory of social-economic unfairness. This originally came from a novel, but what it said made so much sense that it became popular. In essence, it is saying that the rich…
What Do I Do With My First $10,000?
You are a teenager or a young adult who worked hard throughout your school term, and you now have $10,000 in your pocket. You know that financial planning starts young and you do not want to wait till it is…
The Value Of Things
People often do not know how to differentiate the price of an item and the value of an item. The value of things is not something that can be explained easily. But in this case we will use a simple…
The Perils Of Dollar Cost Averaging And Averaging Down
Dollar Cost Averaging (DCA) is a method used by many and sworn by many as the fail safe way to trade or invest. Basically, at every fixed time interval, be it 1 week, 1 month or 1 year, you put…
Starting On Crypto
The crypto market is very hot right now, and it has been getting traction, gaining popularity and has an increasing total market cap over the years. This article will explain the basics of crypto, in as a layman term as…
Leverage
When I was in the insurance line (for only half a year), I once was talking to a fellow colleague (“A”) who mentioned about his conversation with his friend (“B”). With a tone as if he was full of knowledge,…
Using Credit Cards
Credit cards, something which was exclusive to those high earners in the past (you may have heard of the term Gold Card, Silver Card) and a symbol of status, has now evolved to be something which everyone is able to…
The Risk Of Adopting Too Early
Squid Game, an immensely popular Korean drama on Netflix that talks about a bunch of people playing a survival game, where the last man (or woman) standing would be awarded an insanely huge sum of money. With the recent rise…
Insurances – Part V
Today I will cover other portions of the common insurance plans you may have considered or are considering. Hospitalisation Plan As mentioned in the very first part of the series, get this plan if you do not live in a…
Insurances – Part IV
In the previous article, we talked about savings plan. Insurance-Linked Plans (ILPs) are similar quite similar. For one, they have the same commission payouts to agents. Many people do not know about ILPs, so when someone told an agent they…
Insurances – Part III
One of the favourite insurance plans agents like to introduce or convince people to buy is that of a savings plan or an Investment-Linked Plan (ILP). Savings plan, is like what its name suggested – a savings plan but with…