American dream is to pay off mounting student loan. USD 1.6 trillion for 45 million of American!
Category: Financial Planning
To date, only 36% of Malaysian is financially literate. Most of us need to improve financial planning rigorously in order to live happily.
Explained: Raiz, Spare Change Investment
Raiz is a financial service app. Helping you to save and invest your money
Explained: Financial Planning for You
Financial planning is a process of developing strategies to help people manage their financial affairs to meet life goals.
Explained: The Role of Financial Planner
Financial Planners are required to keep records of all advice made to clients for a period of up to 7 years.
Explained: Current State of Malaysian Financial Literacy
Malaysians’ financial literacy has improved significantly from 36% to 59.6%. However they still need buckle up to address financial behaviour and numeracy.
Explained: Current State of Malaysian Estate
As of 2020, there are around RM 105 billion of frozen assets in Malaysia. 90% of this frozen estates are belong to Bumiputera.
Explained: Current State of Malaysian Tax
In 2021, they are 14.38% workforces were subject to individual income tax. Tax collected from individual was RM RM 36.4 billion.
Explained: Current State of Malaysian Protection
As of today only 59.5% of Malaysian is protected. This translate to only 6 out of 10 Malaysian were protected
Explained: Current State of Malaysian Investment
As of 2021, there is 36,863 residential overhang. Residential overhang is a definition for residential real estate whereby its supply is more than its demand.
Explained: Current State of Malaysian Saving
The Bumiputera masses at the time were generally risk averse. Given their small capacity to save, let alone invest. Most had limited understanding of savings, investment or unit trusts.