In 2011, a few months after signing the sale and purchase agreement (S&P) for my new home, I remember watching the film “Company Men”. The film was about a shipping company going through a downsizing exercise and how it affected the employees. One of the lead characters in the film played by Ben Affleck was […]
Good and bad is relative. Since the future is unknown, no one knows how this moratorium will affect us. If I lose my income in these coming months, then this moratorium can be a blessing. However, if I manage to sustain my income, then I may have the “opportunity” to save money but will there […]
So, the new year or the new decade started with a bang! On January 3rd, 2020, U.S. conducted a drone strike near Baghdad International Airport killing Qasem Soleimani, commander of Iranian Revolutionary Guards’ Quds Forces. Six days after, the tension between the US and Iran continues to rise, threatening a full-blown war between both nations. […]
I’m sure you have come across this Ferrari joke before. Do read it again and have a good laugh. This joke is all about cutting expenses and investing the money to purchase some valuable item in the future. The typical, standard boring guideline anyone from the finance industry will talk about. On face value, the […]
If your mindset is saving, you will always work for someone and save. Rich people do not focus on saving, they invest. Friend of mine Above quote is from a friend after reading my previous blog post on “How Much to Save?”. Personally, I agree with the statement, but I have a few objections on […]
Previously I posted a savings strategy that I have personally adopted; “the first hour I work in a day, I pay myself first”. I have given an example on how to calculate it and I’m sure some of you would have done the calculation. Chances are you may be saving more or less than the […]
In my previous post, I wrote about changing our financial mindset to “pay yourself first“. Why? Because it will ensure our savings grew as income increases. The next question one should ask, “how much do I need to save?”. What is the sufficient amount? Is there an easy method and can be applied by anyone? Well, […]
March 2007, I officially joined the workforce. At the end of the month, I received my salary and the first thing that popped into my head was, “how can I spend it?”. Back then, I knew very well my fixed expenses were rent, car loan, and petrol. After paying or keeping aside these expenses, I […]