First thing to do in your investment journey
Most people want to see their money grow, but most of them do not know how to start. So they look into equity funds, bonds, fixed deposits, properties (most people do this now) and stocks (and most people are fearful of this). But while they are busy doing this or listening to others, there are [...]
Definition of balance transfer
A bank agent called me few days ago to introduce the bank’s new balance transfer program. I do have a rough understanding of what balance transfer means, but figure that I might as well do a bit of research and post it here.
Definition of balance transfer (source: CreditWeb):
A balance transfer is an option offered by [...]
Is debt free really good?
Nobody loves debts (do tell me if you think otherwise) and everyone I know is always trying their best and working hard to be debt free. And for some, that is one of the 2 main reasons they work so hard everyday (another reason is to survive).
My question to them – after becoming debt free, [...]
Never invest using other people’s money
One of Warren Buffett’s advice is never to invest other people’s money unless you are 100% sure you will not lose those money. And I live by that rule. Not that I have people flocking over me to give me their money in order for them to be part of my “shareholders”. No, I don’t. [...]
2 ways of eliminating your debts
One of the financial goals many people have is to eliminate all the debts or loans that they have. If you can’t eliminate them, then the next goal is to reduce the amount slowly and hopefully in a few years, the debts or loans will be gone. But the problem that I notice with most [...]