This is going to be a simple post because the idea is pretty straight forward. We may all retire some day. Some aspire to do it as soon as possible (such as those in the the FIRE movement), while others choose to delay it as long as possible since there's pretty much nothing else productive… Continue reading Building The Foundation Of Your Retirement Savings
From the perspective of investments, properties have plenty of undesirable traits. It's expensive and typically you will be unable to buy it outright - you pay part of it as downpayment and then borrow the remainder from a bank. When Buying, Set Aside More Than The Downpayment The downpayment can be quite substantial - usually 20% of the purchase price… Continue reading Why You Should Consider Buying A House
Assuming that my 23 year old self had followed a disciplined approach to balance my income and expenses, at 25 years old I should be well into building my emergency savings. Once I have accumulated an emergency savings worth 6 months of expenses, my savings should now go into riskier investments. There will be things… Continue reading Financial Advice For My 25 Year Old Self
My first job as a telecommunications engineer paid about MYR2,300 (~USD600) a month. That's pretty reasonable for an entry level job in Malaysia but boy sometimes it seemed that I could never make any headway with my savings. If only I knew then what I know now about managing personal finances. I didn't really keep… Continue reading Financial Advice For My 23 Year Old Self
2018 is now drawing to a close but the usual year end rally is not in sight this time. The FBM KLCI is down 7% this year but if you measure from its peak in April, it's down almost 13%. A drop of 10% is technically considered a correction. If you look at the darlings… Continue reading The Bear Strikes The Market
Wow, what a furore it was when it first dawned on PTPTN borrowers that the new Pakatan government won't be writing off their PTPTN loans after all. Then adding oil to the fire, the PTPTN chairman has proposed a tiered automatic salary deduction schedule changing the approach for the popular student loan collection from voluntary… Continue reading How Do You Solve A Problem Like PTPTN?