Amelia Hong how to achieve Financial Security is important especially when you know your finances will cover several critical moments in your financial journey throughout your life.
Amelia is with CIMB Principal Asset Management Berhad and believes planner which is patient to go through the nitty gritty and also has empathy to understand the profile of the client will make the journey much smoother.
Credits to Smart Finance.
2 days ago, Bank Negara Malaysia (BNM) announced the OPR rate cut of 25 basis points. This means all banks will reduce their fixed deposits (FD) rates further to 1.75% – 2%. We are anticipating another cut in September by another “25bps” bringing FD rates to as low as 1.5% pa.
Below is a comparison of what income/profit you can get for FD and Bonds with a capital of RM100,000. Would you prefer to get RM1,500 or RM4,500? We help clients to diversify their money to bonds for
On 11th June 2020, Amelia Hong the Founder of @FinAIMS Sdn Bhd & Author had the opportunity to moderate a webinar session with other prolific Founders & Country Manager such as:
Hann Liew – Founder & Director of RinggitPlus
Wai Ken Wong – Country Manager, Malaysia of StashAway
Aisha Preece – Founder & Owner of OutandBeyond
Organized by : @Co-labs Coworking
Topic: Navigating Personal Finances
Youtube Link: https://youtu.be/hK-LBw8NK58
4 Steps to Overcome Our Fear of Money – Step 2: Take action through learning about money. By Salmah Harharah (Consultant) Looking back to how I overcame my fear of money and re-built my relationship with money into a positive and empowering one, there were 4 steps I took: 1. Take responsibility, Take control (discussed in my previous article) 2. Take action through learning about money 3. Establish meaningful long-term goals to stay motivated 4. St
Help! I Can’t Seem to Save Any Money or More Money. By Amelia Hong (Founder) While there may be psychological reasons why you can’t seem to be saving money (see the article before this titled Fear and Money), there are some practical steps that you can take in order to be more successful in your quest to save the money. Which, by the way, you will not regret doing because sometimes it doesn’t just rain, it pours (financial disasters) and having that raincoat (ie money you sav
Looking back to how I overcame my fear of money and re-built my relationship with money into a more positive and empowering one, there were 4 steps that I took to get me to where I am today. 1. Take responsibility. Take control. 2. Take action through learning about money. 3. Establish meaningful long-term goals to stay motivated. 4. Strategize and plan intelligently. 1. Take responsibility. Take control. I knew I had a problem with holding on to m
Fear and Money By Salmah Harharah Fear has a way of disabling our sense of control. It makes us feel powerless and limits our options to just fight or flight. Financially, when we fear money, it is a reflection of how powerless and limited we feel about our life in general. We then attach this feeling to money, as we would with other aspects of our lives such as relationships and career. As a child, I felt like I didn’t have much control over the constant disharmony that was
Financial Immunity One of my consultants Yang is passionate about financial immunity because he can personally vouch how having it has helped him in his difficult times. What is financial immunity? Simply put, if someone gets attacked by a financial virus (either job loss, pay cut, high inflation, or sharp interest rates rise or even a recession), the financial health of the person is strong enough to withstand for a good period of time and will not end up being a bankrupt. H
RM100,000.. Why is this number important?
By Amelia Hong There has been news floating around about getting to your first RM100,000. I remembered this was a figure I aspired to. It was some psychological barrier that once I achieved made more stuff possible in the light of things. I had never been particularly fashionable or yearned to go on many holidays (I did go on a grand tour of Europe) as I was just quite anxious to keep more money as my safety net especially when I once
I was all agog as I watched Crazy Rich Asians just two days ago in during the Awal Muharram holidays. I mean, look at all the wealth being thrown in your face. It was enough to make grown men swoon and dream of all that wealth. But reality strikes and while the bulk of us cannot be travelling first class anytime soon without seriously putting a huge dent in our finances, or even snare the attentions of a billionaire, what can the man on the street do to secure better financia
We all want to be wealthy. However, to our dismay we discover that we are not there yet even though we have been working for years. Why is this happening? 1) We do not know how Looking back at my education, there wasn’t any subject about how to be wealthy? We did however have to memorize a lot for exams. Hopefully, we get good results, get into good universities and hence good jobs in good companies which gives good salary. Note the word “good”.. its not ‘great’. While
Just yesterday, one of my teammates Genie highlighted an interesting website which uses “CNN Money” to feature an endeavor that Tan Sri Vincent Tan was purportedly to have given half his wealth to build. This endeavor is a trading platform where people needn’t any financial or technical skills to trade on the stock market as its all done via an excellent programme so that the trader can earn some decent money after a time so that the rich will not continuously remain rich. I
This is a common lament I hear almost every day. And when I ask people if they wanted to be wealthy, almost everyone says, “Who wouldn’t?”. And yet, year after year they remained the same. Where did they go wrong? Being rich remains a dream, not a goal
When you dream of being wealthy, that’s what it is… just a dream and not a goal. When you have a goal e.g. you want to renovate your house, you get to work. If you don’t like all that work, you hire an interior designer cum con
Keywords: sustainable, save before spending, save strategically, save to invest, grow value By Lauren Lau Yee Shian “Kai yuan jie liu” is a well-known idiom in the Chinese culture. It is about managing money, a focus on broadening sources of income and reducing expenditure. There must be a reason of why broadening income sources (“kai yuan”) is placed before reducing expenses (“jie liu”), I instinctually thought when I pondered on this phrase. So, I have always believed that
More reasons to why are remain not wealthy. Unable to save for a rainy day
How many of us have 3-6 months of emergency money (for the employed) and 12 months (for the self employed)? Emergency money is money that can be used almost immediately and only used for survival purposes. If this is your first year of working, I can understand if this is something you have not achieved. But if you have been working for 5 years and this is not yet achieved would mean that you have no d
No, I have no plans to die anytime soon. However, like a thief in the night, we never know when death will strike. Perhaps some of these things here would help us prepare a little for it. Make sure your EPF, and Insurance nominations are updated- there has been incidences where the former spouse was nominated and it is non contestable. EPF nominations supercede your Will. For Muslims, the nominees only hold the monies to be distributed to the Faraid heirs. Make sure you have