MONEY MOVES MALAYSIA

How Insurance Can Mislead You Into Expecting Financial Returns You May Never Get You can watch it in the YouTube video below to get the info being shared in this blog: Is Insurance an Investment? The Truth You Need to Know Insurance is a crucial financial tool, but is it an investment? The short answer—No, it’s not! However, many people believe otherwise due to how some policies are marketed. In this article, we’ll break down why insurance is not an investment, examine different insurance plans, and discuss whether Investment-Linked Plans (ILPs) are truly beneficial. Understanding Insurance: Protection, Not Profit Insurance is designed to manage risk, not to grow wealth. When you purchase an insurance policy, you pay a premium, and in return, the insurance company promises financial coverage in case of an accident, illness, or death. Insurance is meant to serve as a financial safety net. If you don’t make a claim, that’s actually a good thing—it means nothing bad happened. However, if ...

10 Habits That Can Keep You Poor in Malaysia You can watch it in YouTube video, the summary of the blog in the form of conversation (podcast) where the audio is created using Google’s NotebookLM instead of reading the blog: While achieving financial success takes time and effort, certain habits can keep you stuck in financial hardship. As Malaysia progresses towards becoming an ageing nation, with rising living expenses and healthcare costs, it's important to recognise that financial mismanagement early on can have long-term consequences. Below are 10 habits that can trap you in a cycle of poverty, and understanding them can help you make better financial choices. 1. Buying Things You Can’t Afford One of the quickest ways to stay poor is by consistently buying things you can’t afford, especially through credit. Malaysians often fall into this trap with car loans, considering only the monthly instalments while overlooking the hidden costs like fuel, maintenance, and repairs. Add to ...