Monthly Archives: October 2006

Open a Junior Savings Account for your children

Posted on October 31, 2006 by limkimtong

It is never too early to inculcate in your children the value of being thrifty. Your children can be taught the value of money and how one can save for the future. They will also learn how to spend appropriately … Continue reading →

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Write a Will and Made an AMD

Posted on October 30, 2006 by limkimtong

Will Once you are financially independent and accumulating wealth, it is advisable to write a Will. You may not want to consider this when there is not much wealth to worry about, especially when you have just started work. However, … Continue reading →

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Live Life Simply

Posted on October 27, 2006 by limkimtong

As one gets older, the chase for material goods is less important. For one, our earning power diminishes over time. Our health is not in the prime. We have a family to feed. Our emotional and mental well-being requires our … Continue reading →

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Buy Life Insurance Early

Posted on October 26, 2006 by limkimtong

When we first started work, life insurance is furthest from our mind. There is no need to think about it because we are young, single and our pay is not significant. There are competing demands on how to use our … Continue reading →

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Know your financial assets

Posted on October 25, 2006 by limkimtong

Have you ever wondered how much you had in terms of financial assets? Are your asset values more than the loan & credit facilities? Do you keep track of their current values? Once you know your financial position, you can … Continue reading →

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Know your expenses per month

Posted on October 23, 2006 by limkimtong

Do you know how much you spent every month, every quarter and every year? By knowing how much you spent, you can choose to decide whether to scale back some expenses so that your total expenses do not exceed your … Continue reading →

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“Simplify Your Life” by Elaine St. James

Posted on October 20, 2006 by limkimtong

Reduce clutter in your life I read this book sometime ago titled: Simplify Your Life – 100 Ways to Slow Down and Enjoy the Things That Really Matter By Elaine St. James The book has an impact on me and … Continue reading →

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Saving early for your child’s education at the University

Posted on October 19, 2006 by limkimtong

We worry whether we have the money to see our child through the university. This is real because the university tuition fees are rising over the years due to inflationary pressures.  Let’s work out illustrations to show how much is … Continue reading →

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The Power of Letting Go and Forgiveness

Posted on October 18, 2006 by limkimtong

Most of us spent the bulk of waking hours in office/work place. As in any social interaction, human to human contact can result in conflicts between colleagues. In such a situation, we always brood over the encounter, playing it out … Continue reading →

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Consider investing in Unit Trusts

Posted on October 17, 2006 by limkimtong

If you wanted to invest in a basket of financial assets, e.g. shares and bonds, in order to spread your risk over these assets, consider buying unit trusts. For a low sum, e.g. $1,000 you can invest in a unit … Continue reading →

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