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 ...

An insurance cum investment product can be valuable for insurance coverage but not as an investment! 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: Blog starts here: Exploring  financial planning , I often think about a common mistake. Many believe insurance-cum- investment  products are the key to financial success. These products, called ‘two-in-one’ solutions, aim to cover both insurance and  investment  needs. However, they might not serve either purpose well. Let's look into these bundled products and why choosing separate insurance and  investment  might be smarter. Key Takeaways Insurance-cum-investment products like  ULIPs  and  Endowment Plans  may not be the optimal choice for both insurance coverage and  investment returns . The purpose of  life insurance  is to provide financial pr...

Is your home really an investment? How mortgages are draining financial freedom! You can watch it YouTube video, the summary of the blog in the form of conversation where the audio is created using Google NotebookLM, instead of reading the blog: Blog Starts Here: For many young Malaysians, owning a home is seen as a big achievement and a sign of stability. It’s something many people dream about. Some even justify their desire for home ownership by calling it an investment, but this can be a misconception.  But is owning a home truly an investment, and is it as good of one as many people think? The truth is, your home might not be the wealth-building asset you've been told. In fact, your  mortgage  could be taking away your  financial freedom . Key Takeaways Homeownership  may not be the investment you've been told it is, with hidden costs and expenses that can erode your wealth. Your home's value is not guaranteed to appreciate, and the equity you build up ...