One of the topics in my D.I.Y. financial planning class is about budgeting.
Budgeting is the act of creating a plan to spend your money. No, it isn’t about restricting you on your spending and cutting out on the fun. It’s about understanding how much money you have and where you want it to go so that you can plan in advance.
One of the money jars we can allocate our money into is the Education jar.
Many people graduated from their tertiary education and started working for
Do you have a daily routine?
Most people are not used to working from home #WFH , let alone forced to stay at home as your company may be temporarily closed. It can get really bored and restless if there is no routine set in place. We are what we repeatedly do. Excellence then is not an act, but a habit. - Aristotle - Successful people follow a fixed schedule as they know a fixed schedule helps them build productivity habits over time. By creating a routine and following it
Some call it a new norm, some has took flight, many are still figuring out.
What is for sure is that all of us are “born again”.
A new set of rules is given to live our life, it is as if we just came into a new world with new routine. Imagine you are teleported to a foreign country and you have to start living in it. We are not sure what’s today’s reading that will affect tomorrow’s rules, we live by the day. Are we a subject of an experiment trapped in a maze? Probably.
Coronavirus COVID-19: the virus that has infected over 400K cases and claimed more than 18K lives. As the numbers are still raising, there has been numerous inquiries coming in with regards to this pandemic situation... “Is COVID-19 covered by my insurance policies?” Fortunately, many insurance companies have responded efficiently to provide financial assistance benefits to policy holders who may be impacted by this virus.
*** Please read disclaimer at the end of this entry.
2020 the year of the Metal Rat, according to the lunar calendar, is going to be a strong, prosperous, and lucky year for... I grew up believing that I need to study my birth sign at the start of the year so I can be well prepared of what’s coming for me that year.
If I get a high score for career, I’ll feel an energy boost and be expecting promotion coming my way. If I get a low score for romance, I’ll probably not trust anyone for the year since relationship might not turn
As we approaches the end of January, we are soon entering a new beginning in the lunar calendar and celebrate Chinese New Year.
Spring cleaning has been a tradition that’s practiced in the springtime. The act of thoroughly cleaning the house, clearing heavy dust, removing unwanted things making way for fresh new additions that brings joy to the house, and to our mind.
新年快樂 as what we would always greet one another first, it means be happy in the new year, always choose happ
Give thanks for all that the universe or God has given you in the past 10 years. Whether it is good or bad, we still give thanks because life is not a destination, it is a learning process and work-in-progress journey.
How are you going to welcome the next 10 years ahead? Many people are stuck in this, or rather not sure how to plan. Too far to plan ahead? Here's a tip for you: A simple exercise is to first evaluation how was your past 10 years? Where were you at or what we
“I want to earn lots of money or achieve that prestigious award so that I can give my family a good life”. Have you ever heard of such phrase that people declare? Take a moment to think about this: What is a good life to you?
We often see on social media how “good life” our friends have with their new car, luxurious travel trip, limited-ed bag, happy family studio photos, fairy tale wedding, latest electronic gadgets, etc. Somehow these material images had given us an impres
I often get this question: Is the cost of health supplements claimable under my health insurance policy? It is common for doctors to prescribe post treatment health supplements or vitamins to patients in addition to the usual medication. As some medical conditions or certain major surgery may require longer term to recovery, health supplements are deem useful as a form of non-invasive maintenance. Some supplements may be given in bulk for preventive measures, especially for c
Everyone knows the importance of having insurance. We have heard so much from advisers or been educated by advertisements. We look for what we need, set aside a budget and apply for it. Most people will stop here. But do you know that financial planning doesn’t just stop after you sign on the dotted line? Implementing an insurance is only half the work done. Going back to basic, what is the main reason for getting an insurance? A couple of them: Leaving a financial legacy for
“Ladies and gentlemen, this is your weekend captain speaking, apologise for the slight delay. Do bear with me as I only fly on the weekend. We will take off as soon as I find the air pressure button.” “Hi, nice to meet you, I am a Gynaecologist, you can trust your first delivery in my hands. By the way I am also a certified Barista, Yoga coach, and a Real Estate agent, let me know if you want to visit a showflat and have a nice cup of coffee.” How would you feel if the pilot
Many of us own watches, or at least one watch in our life till date. Some may have a few for different occasions - for your day to day work image or attends business and formal event, different colour to match different outfit. There are many types of watches to choose from: luxury watches, fashion watches, dress watches, sport watch, analog, digital or a mechanical watch. “What time is it now?” Well, whatever your choice may be, whether it’s a Rolex submariner or a retro Cas
Wants are sold by society! A 101 financial tip to good money management is to understand the difference between a need and a want.
A need is a necessity, an obligation, an essential, a must-have, you almost can't live without.
How about, what is a want?
Want is a desire, a craving for, a wish, a good to have, should have but (actually) it's alright without.
"I'm feeling lazy today, just spend a little more on transport, take a cab."
"Once in a life time wedding, just go
Needs are imposed by nature! If you were to pen down a list of what your needs are on a paper, how much do you think you could write? I am quite sure you can easily fill up the whole piece if given some time. One of the key to good money management is to understand the difference between a need and a want. No one taught us on this differentiation in real life, things became grey and subjective to individual. Let's head back to some basics: what is a need? Need is a necessity,
When you are in a relationship, have you ever ask what is your partner's values and perceptions of money? Many couples do not discuss about money. Such conversation is deemed boring or complicated to some. The ego men wouldn’t talk about money, unless he earns more than the woman. On the same note, the woman wouldn’t talk about money, because she don’t want to scare the man away with her high expenditures. If both live a modest lifestyle, they naturally think there is nothing
Money by itself has no meaning to it, it is just a medium of exchange. But why is everyone chasing after money, looking for higher paying job, doing investments, attend trading courses, or even going into multiple businesses? What we want is not money, it is the things we want or experiences we gain using money. To form a family, a holiday to relax, the feeling of having status, gain attention, to have more time, for self development, for companionship, etc. The underlying re
All of us love to be given favour: having things done to our desire, being treated well, granted support even when it wasn’t meant to be. Every good things that happen, that’s natural favour, just that we may forget to count our blessings. Opps! Very often we may say “Such a coincident, Heng ah…, I’m so lucky today, I didn't do anything and I got it.” That’s favour on your side my friend. Ask, and you will receive. Most of the time, favour will be with the one who ask. People
Choose the right plan for the Best Buy Lorna Tan, 2 sep 2018, The Sunday times Buying a life insurance plan can be a bewildering experience for consumers as there are many products in the market. Insurance is a long term commitment, so it is important to make an informed decision after taking into account your financial circumstances and objectives. Here are some tips for consumers: #1 Do not buy on impulse Ensure that you can afford the premium over the tenure of the policy.
We can easily put a value to our property and our car, even a mobile phone and luxury bag has a value. What about the value of You? What is your price tag?
Imagine you have a golden goose at home and this golden goose diligently lay golden eggs for you everyday. The goose says “Master, you can use my golden eggs to buy anything you want”. Over the years, you have successfully used the golden eggs to fund for your daily needs eg. for food, for your education, purchase a house
A master was leaving house for travel, and before he leaves, he entrust his properties to his 3 servants. According to the abilities of each man, one servant received 5 bags of gold (talents), the second servant received 2 bags, and the third servant received one bag. The bags of money was a significant amount of money. The servants who received 5 and 2 bags immediately put the bags at work to gain profits. The third servant, on the other hand, dug a hole in the ground and hi