Bad spending habits you need to change
In year 2009, our economy experts predict that there will be a lot of changes – more jobless people, lesser job opportunities, weaker consumer spending, more businesses being closed down, etc. More than 50% of their predictions all point to one thing – cash is going to be the king in year 2009….and it’s going [...]
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. [...]
Fixed Deposit (FD) rates of banks in Malaysia (Jan 09)
I’ve posted 2 articles on the Fixed Deposit (FD) rates of the banks in Malaysia before – Fixed Deposit rates of different local banks and List of Fixed Deposit rates for foreign banks. I figure that this topic is quite important so I’ve decided to continue posting updates on the FD rates of the banks [...]
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 [...]
What is an emergency fund and how do you start one?
Emergency fund is the amount of money you have at your disposal whenever an emergency occurs. An emergency can be anything, ranging from a broken kitchen pipe, a medical expense, car repair, a retrenchment, etc. In this world of uncertainties, especially in the year 2009, many things can happen. That is why one should always [...]