MONEY MASTER

There are a lot of people who buy without putting much thoughts. However, this buy, buy, buy mentality could be dangerous and bad for our society as well as the environment. This is because we are a very consumer driven generation. However, if you could stop for a minute and think as well as ponder, your wallet and Mother Nature will be very grateful. REDUCE Give yourself some time to think and ask if you can use less than what you are using. Sometimes, it is possible to make do with less of what we are using. For example, toiletries are the perfect example. If you do not waste shampoo or detergent, you will help to save a lot. This is all day-t0-day products that could make a huge difference. Another good example would be the mobile phones. How many of us are changing phones every year? There are a lot of us who change mobile phones every now and then as we chase after the latest model. If we could save money from all these products, we will be saving a lot more. Besides, it also cont...

The poll on "How much do you save from your salary?" concluded in the beginning of the year, however I forgot to blog something on the result. This is because I tends to forget this blog when I blog as it usually get the least attention from me. The result from the poll "How much do you save from your salary?" really surprised me. Before this, I was having discussion on a forum regarding how much money that some people are saving from their salary and there are just too many forum-ers are replying that they save close to none of their monthly salary and their savings are just from the EPF deduction. It looks like forum-ers are savings close to 0%, while my blog readers are saving more than 20%, though I am not sure whether the 20% is included in the EPF deduction or not. However, even if include the EPF deduction, it means that there are about 50% blog readers who are savings according to the rule of thumb, which is 10%, while only 10% who are saving less than th...

We all heard rumours about the market struggling with some others talking about the recovery coming. So which is which? Well, the news in Greece lately has not been too encouraging as well. Of course, we all know that the International Monetary Fund (IMF) has approved a three-year, 30-billion-euro ($38-billion) loan to Greece, the IMF said at its headquarters in Washington. The loan is part of a 110-billion-euro, European Union-IMF aid package to help Greece out of its financial woes. This news seem to be good news for some but just recently we also heard about the Dow Jones Industrial Average to lose almost 1,000 points (about 9-percent of the total index value), and later regaining most of the losses back prior to the closing bell. Of course, if you are one who follow the news, you will know that this was due to an error in the transaction. It is believed an equities trader at an unknown financial intermediary accidentally executed a trade position with a “b” (indicating billion), in...