Life has gotten the best of me but after a 3 months writing hiatus, I am now back! While I was away, I had also been contemplating on the topic to write on without random blabbering. A big part of this site is trying to keep articles to its necessary gold nuggets. Hence, I truly think all of the guides written here have distilled the key information and knowledge that will help you get started quickly on your financial journey. With the luxury of some spare cash lying around, a problem is to make the right investment decision while also considering the opportunity costs. A repeated question th ..read more

First of all, happy 2024! As we usher in the New Year, it’s a time for goal setting, especially for personal finance. The importance of setting financial resolutions cannot be overstated, and financial literacy plays a crucial role in our goal setting and overall well-being. In this digital era, where bad financial advice is just a click away, understanding the basics of personal finance is more important than ever. Today, we are writing this article to convince you to invest more into your financial literacy and arm yourselves with the necessary information to make informed decisions. Heck ..read more

As the year is coming to an end, I am self reflecting and the following thought came to mind: personal finance is altruistic in nature. In a society that often equates financial success with self-interest, it’s essential to revisit the true essence of personal finance. Far from being a selfish endeavor, managing one’s finances well is a deeply altruistic and noble act, primarily because it is rooted in the desire to protect and provide for one’s loved ones. I wrote this article to discuss how personal finance, through its various facets, is fundamentally about safeguarding the future of those ..read more

Financial independence and freedom often just requires efficient personal management of financial activities. From the lack of good options that consolidate management of insurance, investments and budgeting, we created pocketmint. After 4 months of development, we are close to launching our beta version of the personal finance app. It empowers individuals like you to take control of your financial lives. It allows you to track your insurance details as well as your family’s. Register your interest via the link and get early access: https://forms.gle/9xGzyPNB8wfPgsyf8 Beyond just creating use ..read more

I had the fortune of being just married and this article is a reflection piece to details some thoughts. Planning a wedding is an exciting and joyous occasion, but it can also be a substantial financial undertaking. Coupled with the thought of it being your “one and only” chance, the desire to pump up the experience is definitely high. Without proper financial management, weddings can easily become overwhelming and lead to financial stress. I wrote down tips which I wish I knew before I started. 1. Set a Realistic Budget Begin your wedding planning by establishing a clear and realistic budget ..read more

In everything, there’s no shortage of advice – including many on how to achieve financial success. While some of this advice is solid, there are also several common misconceptions or “lies” that have been presented as foolproof rules for success. In this article, we’ll debunk four such myths and explore the truth behind them. Lie 1: “Stop Using Your Phone to Start Working” Phones are always regarded as distractions and unproductive. In fact, this is often shoved down as “advice” from parents and older generation. In the age of smartphones, it’s become increasingly common to hear about people ..read more

Of all the questions that are asked by family members and friends, the most one tend to be this: how do I submit a claim request from my insurer/how to DIY? This is especially common given the poor (or lack of) service provided by the agent once the sale is completed. (Read our guide on getting the right financial advisors). Contrary to popular beliefs, it’s important to note that the agent who sold you the insurance policy may not be legally bound to assist you in your claims. It is hence imperative to understand the claims process and do it yourself, if necessary. After just helping to compl ..read more

Dollar Cost Averaging (DCA) is a popular investment strategy that involves consistently investing a fixed amount of money at regular intervals, regardless of market conditions. While DCA is often touted as a foolproof method to ensure positive returns, it’s important to explore the reality behind this strategy and its effectiveness in different market scenarios. The Myth of Guaranteed Positive Returns Many proponents of Dollar Cost Averaging emphasize its potential to generate positive returns over the long term, regardless of market fluctuations. However, it’s essential to recognize that DCA ..read more

When it comes to your hard-earned money, ensuring its safety and growth is paramount, especially as you plan for your retirement years. One essential tool that provides a safety net for your finances is deposit insurance. This is especially relevant after the recent banking crisis where bank deposits were in serious threat. If words do not scare you, here’s an actual photo of depositors queuing for their deposits, not knowing if their monies were still in the bank. Photo credits: Xinhua In this article, we’ll delve into why deposit insurance matters and how you can strategically use it to your ..read more

The realm of insurance has undergone a significant evolution in recent years. No longer confined to the traditional agent-client interactions, the insurance landscape has transformed into a diverse marketplace of options and choices. From auto to health to life insurance, the market is filled with innovation, such as insurtech and direct insurance. Direct Insurance As we dive deeper into the realm of insurance, one approach that’s gaining momentum is direct insurance. This modern approach allows consumers like us to purchase insurance policies directly from providers, bypassing the traditional ..read more