How much is “enough”?
“How much money do you actually want to earn?” is a very common question. And the typical response is “Until I’ve earned enough”.
But how much is “enough”? 50k? 200k? 1 million? or just $1 more than the amount you need? Without defining what does “enough” mean to you, it’s very difficult for you to set [...]
Simple ways to save money
Saving money should always be treated as part of our life. But surprisingly, there are still quite a number of people who don’t really save. Some say it’s difficult to save due to the high living cost, some don’t know how to save and some prefer to spend all their money and enjoy the moment.
Well, [...]
Fixed Deposit (FD) rates of banks in Malaysia (August 09)
In March, I wrote a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Not much change since then. Here’s the update for the month of August 2009.
Bank
1 month
3 months
6 months
9 months
12 months
Affin Bank
2.00
2.10
2.20
2.30
2.50
Alliance Bank
2.00
2.00
2.00
2.00
2.50
AmBank
2.00
2.10
2.20
2.20
2.50
Bangkok Bank
2.00
2.05
2.10
2.20
2.50
CIMB Bank
2.00
2.10
2.10
2.10
2.50
Citibank
2.00
2.00
2.00
2.00
2.50
EON Bank
2.00
2.00
2.00
2.00
2.50
Hong Leong Bank
2.00
2.00
2.00
2.00
2.50
HSBC [...]
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, [...]
Financial security? Is there even such a thing?
Why do people invest their money in the first place? Well, for most, it’s to achieve financial freedom or to get to the level of financial security which they are comfortable with.
But is this even achievable in this 21st century?
For me, I do believe financial freedom is achievable but financial security is not. Why do [...]