At the time of writing, it is day 47 of Movement Control Order (MCO) in Malaysia. How do you feel about your life during the MCO period? For me, initially I started my first two weeks of MCO feeling stressed out. As time goes by, and with the extension of MCO (for a few times), [...]
Author: Soo Yee
3 Common Questions on Your Emergency Fund
“Make preparations in advance – you never have trouble if you are prepared for it.” Theodore Roosevelt How Much Emergency Fund Do I need? If you are single with no dependent At least 3 months of your monthly expenses. Example: If your monthly expenses (loans, food & beverage, transportation, accommodation, insurance, etc) is RM 3000, [...]
Do You Know The Difference Between Medical Insurance And Critical Illness Insurance?
We have trees in the picture above. Let me ask you. What happened if the tree trunk is chopped down? Can the tree regrow? Yes. Now, if the tree root is removed and destroyed. Can you regrow the tree? No. The tree root represents YOU. On the other hand, the tree trunk represents your investment [...]
Top 3 Reasons Why People Sign up For Credit Card
“Help me on credit card sales, I give you free gift” Does the above conversation sound familiar to you? This is very common in Malaysia. I got the idea to write on credit card after kept being approached by credit card sales person in the mall. Imagine. The typical credit card sales booth in the [...]
Money Hacks Series #1
“It’s not your salary that makes you rich, it’s your spending habits” - Charles A. Jaffe This time I am going to share some of the apps that I used and these apps save me tons of money. I was surprised on how much I have accumulated with these small money hack tips! Read below [...]
Where to Stash Your Money For Property Purchase?
Where should you keep your capital for property purchase? If you are keeping them in your saving account, I can imagine your money crying for better home. Yes! Your need a better place than saving account, for it offers very tiny amount of interest. Your money can work harder, run faster for you. Let’s assume [...]
Hidden Secrets That Your Mortgage Banker Won’t Tell You
When I asked others on their house loan insurance, most of them replied that they bought MRTA, because banker told them so. When I mentioned about another type of house loan insurance, which is MLTA, they were stunned. Are you just like those mentioned above, making decisions blindly based on input from banker? Have you [...]
Is Your Pocket Ready For Property Purchase?
Since early of 2019, we have several government initiatives running on housing, such as loan agreement & property agreement stamp duty waivers. These initiatives are run in order to increase first time home ownership among Malaysians. If you are thinking to buy properties, there are few markets where you can get your property from. Developer [...]
3 Things That I Learnt From My Car Accident
Have you involved in car accident before? If yes, do you recall how you felt at that moment? I was nervous. Just 2 weeks ago, my car bumped into a Toyato Vellfire. Fortunately, it’s just minor accident without any injury made to persons. I have learnt several lessons while handling car accident as well as [...]
4 Things That Your Insurance Agent Might Not Tell You
What does medical insurance do? Medical insurance pays off your costs of treatment and medication of hospitalization. Don’t confuse medical insurance with critical illness insurance, which pays out a lump sum once diagnosed with one of the critical illness. Critical illness insurance serves as income replacement while medical insurance pays for your medical bill. Many [...]