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Finance Money Wealth

It's about Finance Management, Personal Finance. Things that you should have been taught in school!
9

Get Rid of Debt!

Finance Money Wealth ― Getting rid of your debts is actually very simple.You just have to stop acquiring debt, pay your debt and start saving. However, the process of getting rid of your debt is something people are unable to cope with, they do not like the change in their... (more)
 Yuin Harng ― Posted on Mar 14th, 2009
8

Importance of Insurance

Finance Money Wealth ― I never knew the importance of having medical insurance. Not until something happened to my dad. He went for the operation on 19th December 2008. I can still remember that day where he was wheeled into the operation theatre. It was supposed to be 3... (more)
 Yuin Harng ― Posted on Mar 17th, 2009
8

What's Your Networth

Finance Money Wealth ― Do you know how to measure your networth? Ever wonder how much you are worth? By understanding how to measure your networth, it will motivate to make your money work for you and to save more as you see your networth increasing over time.Net worth =... (more)
Tags: Concepts
 Yuin Harng ― Posted on Mar 20th, 2009
11
Compound Interest - The 2 Families

Compound Interest - The 2 Families

Finance Money Wealth ― For this example, I will use two families, A and BLet’s say both families have equal amount of monthly income of $6,000:Family A invests 20% monthly which Family B invests 6% monthlyFamily A invests $1200 while Family B invests $360 a month, the... (more)
Tags: Concepts
 Yuin Harng ― Posted on Mar 23rd, 2009
12
Small Savings, Big Money

Small Savings, Big Money

Finance Money Wealth ― To showcase this example, I will be using a something a lot of people purchase. A cup of coffee costs $255.50(70 cents a cup daily) to $1825($5 a cup daily). If you put the money you spend on coffee into an investment that returns 5% yearly. ... (more)
Tags: Concepts
 Yuin Harng ― Posted on Mar 26th, 2009
8

Eliminate Credit Card Debt

Finance Money Wealth ― Why is credit card so popular? 1) Overseas Travel: You do not need to bring travellers cheque or different currencies, just bring a credit card.2) Shopping Online: Easier to purchase products and services online through credit cards3) Easy Reach:... (more)
 Yuin Harng ― Posted on Mar 30th, 2009
8
Depreciating Assets

Depreciating Assets

Finance Money Wealth ― What is a Depreciating Asset?A depreciating asset is an asset that has a limited effective life and can reasonably be expected to decline in value over the time it is used. Depreciating assets include items as motor vehicles, electrical appliances... (more)
Tags: Concepts
 Yuin Harng ― Posted on Apr 2nd, 2009
9

Needs VS Wants

Finance Money Wealth ― I used to spend around $500 a month in expenses but now I only spend around $200 a month on all my food and some other stuff. The lesson between Needs and Wants is a very important lesson that everyone has to understand. If you understand the... (more)
Tags: Concepts
 Yuin Harng ― Posted on Apr 5th, 2009
7

The $5 Lesson

Finance Money Wealth ― It is always better to teach your children about the value of money earlier than later. This is a very good way to start off to teach your kids about money. You spend only five dollars doing it. Five dollars is able to allow you to purchase many... (more)
 Yuin Harng ― Posted on Apr 8th, 2009
8

The Rule of 72

Finance Money Wealth ― What is the rule of 72?The rule of 72 allows you to easily measure the amount of time that is required in order for your initial investment to double, and the rate of returns which you need to achieve in order to double your money within a certain... (more)
Tags: Concepts
 Yuin Harng ― Posted on Apr 11th, 2009
7

Family Discussion

Finance Money Wealth ― Choose a day on the calender month, anyday will do. If you picked the 15th, every 15th of each month will be your family financial discussion. Having a regular schedule for discussion about finance is very helpful to your children.They will be able... (more)
 Yuin Harng ― Posted on Apr 14th, 2009
6

Let Them Earn Their Own Allowance!

Finance Money Wealth ― Why give your kids money? Instead of giving your kids a fixed allowance each week. Make them earn it. Only when they earn the money themselves will they realise the importance of money. When they ask for additional money to purchase unnecessary stuff... (more)
 Yuin Harng ― Posted on Apr 17th, 2009
6

Million Dollar Through Real Estate

Finance Money Wealth ― Please note that this is just one of the possibile methods that you can earn your million dollar from, and that this is just an advice, it is not any concrete professional guidance.This method only works when the market is going up. At this point of... (more)
 Yuin Harng ― Posted on Apr 20th, 2009
8

Passive Income- Good Real Estate Deals

Finance Money Wealth ― This is an example of how you can earn passive income through investing in real estate.If you have $20k to invest, where will you invest it in? It might be possible to grow your money through real estate, if you do your research well. Even if times... (more)
Tags: Real Estate
 Yuin Harng ― Posted on Apr 23rd, 2009
7

Wealth and The Value Of Money

Finance Money Wealth ― Wealth is relative. If you own a car when everyone living in the same town goes around using bicycles, you are considered wealthy. However, when someone who owns 10 cars look at you, he will feel that you might not be rich, just that you are average... (more)
Tags: Philosophy
 Yuin Harng ― Posted on Apr 25th, 2009