MONEY MASTER

Today, I'm going to discuss about something practical about spending... Nowadays, almost everything revolve around money...and that includes your health and fitness. If you have money, you could easily pay for membership to join a gym, a yoga class etc. But here is the question that we must ask before we spend...should we pay for gym? Should you pay for gym? Should you pay for your fitness and health? I think that question depends on what is the purpose of joining a gym. A friend of mine who joined a gym membership was there to build muscles. That was the right move I believe as building muscles require the intensity in work out and it will be advisable to do it with a gym instructor. But if you are going to a gym for the purpose of health and fitness, I think it is not worth to pay for a gym. There are many people who went to the gym for running in the morning for the purpose of maitaining their health and fitness level, but this could be done for free in a lot of p...

Two weeks ago, I posted an article on the survey that reveals many Malaysians do not settle their debt in full every month, so, I guess I need to keep the momentum in posting articles that will create the awareness on the importance of financial management in the adult life. This is even more important to many Malaysians as the purchasing power in Malaysia is not so high compare to even our neighboring countries like Singapore, so, every penny counts and important. From the article, I found that there are a lot of the given examples are quite true and I can even find those among my circle of friends - mainly splurge to have holiday outside of Malaysia and using a big portion of the retirement fund to fund their children's education oversea. The article is as follows:- Avoiding Personal Financial Crisis ANECDOTAL evidence seems to suggest that there are still many Malaysians, especially the young adults, who do not really practise sound financial management. Consider the cas...

It's been like a while since I last update this blog, but finally I intended to update this blog with an article that I found which suits the blog very very much. It is about how the richest 400 people in the United States of America got so rich, and basically the summary of the article is stocks will outperform any form of other investment. The article is as follows:-   In 1992, the 400th richest person in America made $24 million. In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted). Now, that almost certainly wasn't the same guy. There's a lot of churn at the top of the money pyramid. In all of the 1990s, only 25% of the Fortunate 400 made more than one appearance. But the overall message is the same. The rich keeping getting richer. According to the IRS, which recently released 2009 data from the 400 richest individual income tax returns, the real runaway growth in wealth has come from capital gains. In the la...