MONEY MOVES MALAYSIA

THE SWEET LIE OF PROPERTY INVESTMENT! Are You Digging Your Own Financial Grave? Owning a property is a dream for many young individuals who aspire to have a place to call home—a space to live with their family and enjoy a fulfilling lifestyle. However, this highly sought-after dream has often led people into the shadows of financial instability, creating a significant strain on their finances. Many fail to recognize the damage their costly dream inflicts on their portfolio. They continue to live in a state of denial, perceiving the house they reside in as an asset and a worthwhile investment. The belief that 'the bigger, the better' is widespread, with some taking pride in the idea that their lifetime earnings are justified by owning their dream home. When Dreams Become Burden However, some dreams are better left as dreams. The desire to own a home often overshadows the practical realities of financial responsibility. While it may symbolize success and stability, blindly pursui...

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 ...

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 ...