When it comes to personal finance and investing, one of the most important considerations is your risk tolerance. This refers to your willingness and ability to stomach losses in pursuit of greater gains. Just as knowing how setting saving goals is important in financial management, knowing your risk tolerance is …
The Benefits and Drawbacks of Joint Bank Accounts
According to a report on 2022 financial literacy in Malaysia, the majority of Malaysians save money to amass their emergency fund reserves. However, the same source also found that 53% of Malaysians believe their EPF savings are insufficient for a comfortable retirement. To fulfil that purpose, many people living or …
Financial Impacts of Marriage & Divorce and How to Prepare for It
The latest Department of Statistics Malaysia publication shows that marriage divorces increased by 12% in 2019. Despite the increasing numbers, it’s no secret that amicable and rough annulment of marriage impacts personal finances in many ways, namely a decreased net worth due to less income and more expenses. Preparation …
Why You Should Talk About Money with Your Friends
In Malaysia, we’re seeing a growing interest in personal finance. More bloggers, influencers, and websites are coming up to share their experiences and advice. Yet, many Malaysians are still reluctant to talk about money with friends. This situation might be caused by stigma and embarrassment surrounding it: having too little …
Calculating Your Personal Investment Rate
One key metric in achieving this goal is understanding your investment rate or the return on investment (ROI) you get from your investments. ROI is a commonly used profitability ratio that measures the profit generated by your investment. Read more to understand how to calculate your investment rate and …
Personal Loans: Are You Considering Them?
You can use personal loans for almost anything when a global recession happens. Lenders may ask what you do with the money, but others will want to know if you can pay them back. Unlike mortgages, personal loans do not require collateral. The Insolvency Department Malaysia uncovered that almost 42% …
Personal Income Tax Relief Malaysia 2023 (YA 2022): The Updated list of what you should claim.
The tax season in Malaysia has begun. If you’re like most taxpayers, your top priority right now is to start learning about all the tax reliefs, deductions, and rebates that you’re qualified for in order to pay less tax. (Trust us; all Malaysian taxpayers are forced to perform this …
#EmbraceEquity: Taking a step towards Equity
In light of International Women’s Day 2023, let’s discuss this year’s campaign theme #EmbraceEquity, and how we, as a community, can progress toward Equity. What is Equity, and how does it differ from Equality? Although they sound similar, equity and equality are distinct ideas, whether in the context of a …
5 Strategi Pelaburan untuk Pemula
Sebagai instrumen yang berkuasa, pelaburan membolehkan anda menggandakan wang anda, sekaligus membantu anda mencapai matlamat kewangan masa hadapan. Bagi pelabur baharu atau pemula, mengetahui strategi-strategi pelaburan yang berguna adalah penting. Baca artikel berikut untuk mengetahui lebih lanjut tentang teknik-teknik pelaburan mesra pemula! Tetapkan matlamat pelaburan anda Mempunyai matlamat jangka panjang …
Retirement Planning with Budget 2023 Incentives
Retirement planning means making preparations for your future life so that you can continue to live your dreams independently. When you make one, don’t forget to set your retirement goals so that you can estimate how much money you will need. As Malaysians, we can look to Budget 2023 to …