Growing your wealth starts with changing your attitude towards money: Here’s how to get savvy with your savings
Ever wonder how some people get all the luck, and others seem trapped in a lifelong struggle just to pay the bills? There’s no secret formula for wealth, but the right attitude to money is the key to financial success, say the experts.
I’M JUST NOT GOOD WITH MONEY
THE TRUTH: It’s easy to learn.
Women in particular buy into the myth that some people just can’t acquire the skills to manage their own finances beyond their daily budget, says Deanne Carter, founder of the Women’s Money Forum. A 2015 global report by HSBC titled The Future of Retirement: A Balancing Act revealed that “69 per cent Malaysian women say they are not preparing adequately for a comfortable retirement because they are paying off their mortgage and other debts.” “Financial skills are easily learned; you don’t need to be good at maths,” says Deanne. “A financial planner can help you find the right team of professionals to advise you.”
FACT: The same study also revealed that 24 per cent of Malaysian women said their ability to save has decreased compared to a year ago while 89 per cent are concerned with the cost of healthcare in retirement.
YOU NEED MONEY TO MAKE MONEY
THE TRUTH: You don’t need a lump sum to start building wealth.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
25 Life-Changing Budget Hacks
Follow these money tips to become the savviest you yet
Why Women Devour Erotic Fiction
Women who read erotic fiction have better sex lives than women who don’t. We look at why turning pages can also help turn you on and discover why women are so aroused by erotic literature in all its forms
Can Superstition Enhance Your Life?
The power of positive thinking and a belief in lucky charms might be all it takes to turn your fortunes around
Know Your Children's Friends
Want to know what makes your child tick? Take a look at their circle of friends – they can offer a surprising insight into your child’s behaviour
Can Sleeping Apart Mend Your Marriage?
More and more couples choose to sleep in separate beds, but this growing trend doesn’t mean the end of a loving relationship
It's Time For South Africa
A country once mired in decades of violent social struggle brought about by racial segregation policies and laws, it has gone through a rebirth and is flourishing like never before
Shiny, Happy Sheila
Cover girl Sheila Sim knows a thing or two about living life to the fullest. The star shares her get-happy formula with us
Adventure With A Cause
Some of us may know her as the lady behind one of the most successful premium laser treatment centres in town, but away from work, Erin Sandral thrives on adventure and seeks to improve the lives of underprivileged women
We Wish You A Pleasant Flight
Other than tense muscles, dehydration and sleeplessness, air travel can affect our bodies in many other ways – here’s what you need to know
Prosperous Delights
Tasty treats during Chinese New Year is all part of the festivities to spread joy and good luck. We asked Assistant Pastry Chef Yap Wai Keong from One World Hotel Petaling Jaya to share with us a few auspicious recipes that will bring happiness to your loved ones.
