KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
While I'm planning for this year financial goal, I realized that there are certain rules for personal financial management which won't go wrong to almost everyone and at any situation. In fact, I found that these rules are so real and these rule are so simple that we all know deep inside of us, but whether we can apply those rules in our life will be another story.
Well, the first and most basic rule of personal financial management is to spend less than what you earn. When we look at this rule, we would have think, "Oh come on, everyone knows this". True, spend less than what you earn makes much sense as we cannot spend the money that we don't have - provided we do not own a credit card. Once you have a credit card, it is very easy and tempting to spend more than what you can earn, and before you realized, you have already swiped up to the credit limit, which can be up to two to three times of your monthly salary for most cases.
Spend less than what you earn is the most fundamentals rule for personal financial management and in fact, if you are getting the advices from almost every financial planner or financial gurus or even wealth manager, this is something that you are most likely going to get because it is true and most fundamental. Successfully applying and mastering this rule will lead to one to be debt free and having extra money for savings and investments.
Well, the first and most basic rule of personal financial management is to spend less than what you earn. When we look at this rule, we would have think, "Oh come on, everyone knows this". True, spend less than what you earn makes much sense as we cannot spend the money that we don't have - provided we do not own a credit card. Once you have a credit card, it is very easy and tempting to spend more than what you can earn, and before you realized, you have already swiped up to the credit limit, which can be up to two to three times of your monthly salary for most cases.
Spend less than what you earn is the most fundamentals rule for personal financial management and in fact, if you are getting the advices from almost every financial planner or financial gurus or even wealth manager, this is something that you are most likely going to get because it is true and most fundamental. Successfully applying and mastering this rule will lead to one to be debt free and having extra money for savings and investments.
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