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How To Calculate Your Economic Net Worth
Do you know your net worth? I have to admit this question scares me. As someone who loves tracking her expenses and investments, I have long avoided actually calculating my net worth. Naively, I thought that by age 28 I would have accumulated a net worth worthy of someone who’s well on their way to financial independence. But that’s hardly the case anymore. Your Financial Net Worth The simple calculation for net worth is this: Take all the assets you own and subtract all the debt you have. Voila, you have the dollar value of what you are worth in this capitalistic society. Assets – Liabilities = Net Worth In…
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4 Ways To Be A Better Human Being To Others
Author’s Note: This post is both a cheat and a self-reflection throwback kind of thing. December tends to be a hectic month for me every year because of Christmas, but now, added on top of it is trying to settle down in a new country and a new job. So, having space and time to write these past weeks haven’t been easy. To those still coming back here to read, thank you and I apologize for the lack of updates. Anyways, during my last days in KL while packing, I went through an old hard disk and found some really cringy pieces of writing that I’ve done in the past. Needless…
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Month in Review: November 2018
Money November saw some huge expenses that ate up a lot of my budget. In my last review, I mentioned that there’s going to be bigger car expenses in November. Can you imagine, I spent RM2k just on my car?? As time goes on, I become more bitter about owning a car. Back in college, a car felt like a privilege, now it feels like an unnecessary burden. A few times I’ve thought about selling off my car but other people in my family depend on the car as well. Adui, I feel a bit sakit hati looking at the numbers. I spent about RM200 on a facial (under personal) in…
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Month in Review: July 2019
My 2018 Expenses and Income
Month in Review: April 2019
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Month in Review: October 2018
Money It’s been a pretty chill month. It’s a bit unsettling that I’m starting to get used to seeing my monthly expenses hit the RM5k range. These days, the bulk of my monthly money drain goes to paying rent. But I’ve reduced a lot of unnecessary expenses last month. Overall, I spent about RM5,211.58. My total spending last month is down by 15% compared to September. In September, I spent a lot to furnish my home. Nine months after moving into a new place, I finally bought a sofa and a fridge. Don’t judge me. In October, there wasn’t much spending for home upkeep, thank god. There’s a slight increase…
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5 Financial Personality Types That Affect Your Money Habits
I would hazard a guess that most of us never thought about how our personalities could affect how we spend, save, and invest. But improving our personal finance game requires self-reflection. What fears cause us to spend too much money? How are we motivated to save money? To understand what compels us to spend or save, we need to look inwards. So, let’s look at 5 financial personality types and how they affect our money habits. 1) The Spender We all have that one friend. You know the one. He’s got the nice car, goes on luxurious holidays, and always first in line to buy the new iPhone. That person…
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Costs of Mental Health Treatment in Malaysia
Scrolling through my social media feed during World Mental Health Day last week, I saw an outpouring of support, articles, stories, and messages being broadcasted to the world. It got me feeling all warm and fuzzy inside to see us come a long way as a society. Just a few days ago, our Youth and Sports Minister brought up the importance of addressing mental health. Lately, I talk pretty candidly about my mental health. I get two opposing reactions when I do that. On one hand, there are those who resonate with me because they’ve gone through the same struggles. On the other, talking about mental health still makes people…
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Self-Care Habits to Help Improve Your Well-Being
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Reflecting on My Gap Year
Today marks the one year anniversary of the day I left my corporate job and entered into self-employment. Recently, I’ve started calling this period a gap year instead. Sure, I did some independent work during my time off but I wasn’t exactly self-employed by the textbook definition. While I spent half the year working myself to the bone only to realize I’ve put myself in a worse position than when I had a full-time job and the other half, well, I didn’t work much. At exactly the one year mark, I’m back at a crossroads again. One Year Ago I vividly remember the months leading up to my resignation. I told my…
