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Not entirely TRUE in all aspects but nevertheless a great quote  The Amount of Money in your bank at the time you Died . . .  is the EXTRA work you did that wasn't Necessary

In a perfect world, everyone produce something. Farmers grow plants, feed chickens, fishermen catch fish, builder made homes etc. So we can sit together at night and enjoy a complete dinner in our nice homes. It was easy to know who is suppose to do what, who produces what. When there are too many fish caught, it has to be sold out of town. The fisherman doesn't have time to travel that far. So a delivery boy is helping the fisherman. The fisherman save time, hence catch more fishes and therefore its worth him paying the delivery boy. It is a value added chain, so service has become a part of perfect world too where everyone produce something, everyone produce some values . It gets a bit complicated cause service is not as easy to quantify as materials. But its still ok. A $1 fish may cost $2 in out of town because there are delivery cost incurred. Soon more delivery services are needed. It is not easy to decide which of the 100 delivery boys is most reliable. So a mana...

We often hear experts said if you are young, you can take more risk, hence put your investment in equity. then if you are old, you should keep your capital in safer vehicle like bond etc. But one important strategy they miss out is ... the dynamic of personal finance portfolio. Says you are 25 years old, you will need a sum of money at 35 years old. Hence you can invest into equity. However, you must learn something about the equity market you are entering into. For example, you know that for every 10 years in your equity market, there will be a peak and a bottom. So perhaps by 3-4 years before your maturity date, ie. 31-32 years old. You should start considering withdrawing your equity investment and keep them in a money market or bond fund. This will preserve your capital and secure you from unexpected last minute change , ie. a sudden equity collapse. for example; age 25 : 90% equity, 10% bond age 27 : 80% equity, 20% bond age 32 : 40% equity, 60% bond age 34 : 10% equity, 90...

Value for Money ( short for V4M ) is basically how much values you get from the money you paid. It is often irrelevant how much is the price of an item or service. Whether or not a person pay for something is simply because of how he perceives the values he is getting. If a person perceive values more than its price, he would paid for it ! If a person perceive values less than the price, he would NOT paid for it. There are 3 types of V4M perceptions. This article will cover 2. Linear model of V4M is basically thinking all features are alike. Hence for every feature the person is looking for, he would be willing to pay some price for it. But if a particular feature is substantially higher price, he would think its NOT worth it. For example, a person is looking for a phone that has Wifi feature and cool-look feature. A typical wifi phone may cost him $500, a cool looking wifi phone may cost $2,000. A linear V4M guy will go for the typical Wifi phone. Exponential type of V4M model ...

21st century personal finance is moving away from saving and focus into the income arena. In short, the gurus are now educating public that saving is NOT good enough , hence sourcing for passive incomes on the another hand is a BETTER solution, than just saving alone. While the concept is definitely true and correct but unfortunately as the hypes go bigger and bigger, the idea of passive income has been abused and more scams started to appear in the market, as if they were the gurus as well. Except the 'passive income' they refer to is barely promoting their own original same old products. The personal finance market has become so competitive that even some real gurus have no choice but to go beyond the line in their marketing effort - Robert Kiyosaki is no exception in spreading " Saving is bad ". Although passive income is very well defined here using income ratio 1:100 but is there really such thing as Passive income ? When I looked up dictionary, these word...

The Economy-Political Quadrant may seems like telling where to keep or invest your money despite good or bad time. It indeed works very well during 20th century. Unfortunately comes to 21st century, not only has the year changed, personal finance arena has changed drastically as well. Gold has been speculated so much that it MAY no longer be the standard of money. There used to be only ' property ' in the city. Now there are satellite towns, suburbs ... agriculture lands and even dust bins ( recycle ) have become valuable estates too. While property remains the right category to invest into whenever economy is booming, but predict the right future seems like tougher than buying lottery. Government bonds used to be de-Facto action when a country is stable. But in today's world, a country is as smart as a taicon's finance. One day they are the LARGEST, the next day they are GONE. Stock market used to be the back bone of a country's economy. However, the marke...

There are 2 BIG main external factors affecting our investment decisions Economy Politic When the time is really bad (economy downturn and politically unstable), its best to park your money under something that is really stable, ie Gold . Which is by definition usable anywhere you go in anytime. When its good time, invest direct to the stock market would yield very good return. When the economy is not so good in a strong country, the government bonds or related money market would be able to yield higher return than just gold. However, the most dispute solution in good economy unstable country is investment in property . This is mainly due to easier rental and higher chance of capital gain. By simply moving money around depends on the political and economy situation, one was able to achieve more than 12% compound return for the past 20 years. That is equivalent to a 10X return. But by no mean this is easily done. Some of the concerns include; how would one know exactly when econo...