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Personal Finance Money Tips

A Malaysian compiling Lots of tips and advices on personal financial planning - Protect, accumulate, preserve, and manage your WEALTH wisely!

Do you have the assets to pay for your liabilities?

No. I am not talking about your home with mortgage. No. I am not talking about your hire-purchase vehicle either. As most people understand, the mortgage of their home is the liability. You owe the bank money. In return, you need to charge your house title to the bank as collateral. So you think you actually have an asset to pay for your liability. You think your actual home is the "asset", that when you can't afford the installment, it can pay off your mortgage by being auctioned to third parties. You ...

Personal Asset Inventory Template

Most people won't be thinking about their death. But once in a blue moon, we somehow worry about the consequences of our premature death. That's why we have a WILL, especially for those with more assets (or liabilities) or young children. By writing a WILL, we have stored aside a golden key for our heirs to unlocked our assets in the future. The best benefit of all is the convenience and preservation we hope that a WILL can do for our family, when it needs to. If you have engaged a professional ...

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