MONEY MASTER

Financial planning is probably the most important thing that we must be aware of. Most young adults find it difficult to plan for their financial condition because of the "yum cha" and cool cultures....most young adults are probably pampered way too much by their parents...their studies and everything are planned out so well....honestly, I am envied of those students who have their parents sponsored everything. Anyway, I appreciate what I have as well and I believe the first step to financial planning is protection.  Some of my friends told me that they are going to buy insurance but now is not the right time....as they are just starting out, they need more time. I am not an insurance agent but working in an insurance company, I come to realize that protection is probably the first thing that we get for ourselves. It is not about the profit from these insurance policies but the protection that comes with it. Of course, one should not buy too many insurance policies either.....

In financial management, in order to keep our financial in healthy condition, growing money via investment or increment is not always the best solution. Many times we need to spend below our means rather than spending within our means. But then again, of course everyone is asking to increase income because by increasing income, you do not need to sacrifice a lot of things. Well, I have been quite free the last few days that I managed to read Reader's Digest and find out one article which is very suitable for this. It also serves as a good reminder for myself as well, as I will be cash strapped throughout this year as big portion of the money will be used for house renovation as well as to pay the house down payment. The following are the ways to cut budget:- Buy only what you need This one sounds obvious, but how many of us really buy what is truly necessary? A lot of us often buy in bulk in order to reduce our costs but sometimes we ended up wasting what we might not be using it a...

As we are entering the Chinese New Year season, let's look into what the Feng Shui master said about the overall market sentiment for the Water Dragon Year. Last year CLSA Feng Shui chart was not that accurate especially towards the end of the year, so we'll see what will happen this year. The Water Dragon is supposedly to be good for the stock market, it seems, but we will see what will happen. Anyway, the chart is just for reference and it is not for one to follow blindly.

After about a month since my last post, this will be my first blog post in this blog for the year 2012. Well, it has been like a crazy and busy weekends for me to keep following up on my house renovation back in Ipoh. Anyway, while I was reading some articles from the Internet related stocks trading, there is one article that really open up my mind. I mean the article is not about easy way to get rich with stocks or something like that. And if one is to notice my blog post title, one would realized that it is not about making money with stocks, but losing money with it. While this blog is all about becoming the money master rather than to be the slave to the money, we need to know that earning money with money is not easy. In fact, it is easier to lose money if we are trying to earn money with money without some basic knowledge or skills. Even some of the most reputable fund managers in the world also lose big bucks in the stocks. Back to the blog post, do you realized that the likelih...