Ringgit and Sense

Following up from last week’s financial planning episode, today Roshan Kanesan explores the basics of insurance with Mitul Lakhani, CEO of iMoney Group. So if you’re confused about how to even start protecting yourself, this could be the episode for you.See omnystudio.com/listener for privacy information.

Amidst all the volatility in the financial markets, planning your financial goals and resolutions can be difficult but not impossible. Roshan Kanesan speaks to Steve Lim about the different elements we should be paying attention to when building a comprehensive financial plan.See omnystudio.com/listener for privacy information.

Tan Chung Han speaks to K. Gunesegaran, Financial Planner and Money Coach, Wealth Street about behavioural coaching. They get into a range of behaviours that investors face when dealing with investment decisions and how to manage them.See omnystudio.com/listener for privacy information.

Digital assets have become a big part of our lives yet many of us do not plan for them as we do physical assets. Photos, videos, emails, social media, and cryptocurrency are part of your estate and if left without a plan your family could be left without access to these assets.See omnystudio.com/listener for privacy information.

Tan Chung Han speaks to Kalyani Nair about the role that digital tools and platforms can play in achieving our financial goals.See omnystudio.com/listener for privacy information.

Joyce shares advice and tips to help firm up our personal finance plans for the new year.See omnystudio.com/listener for privacy information.

Joyce shares some strategies on how to manage our finances well during the Christmas season.See omnystudio.com/listener for privacy information.

We speak to Dennis about data breaches in the digital age, and the steps CTOS is taking to protect consumers. He also explains some of the steps consumers can take to protect themselves. Dennis also speaks about alternative data scores, and how they increase financial inclusion.  See omnystudio.com/listener for privacy information.

Rafiz explains PIDM's mandate which seeks to protect your bank deposits, insurance policies and benefits. We will be discussing how PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or insurer member.See omnystudio.com/listener for privacy information.

Kevin explains the concept of the 5 percent withdrawal rate for retirement, and the various factors that contribute to a financially sustainable retirement.See omnystudio.com/listener for privacy information.

Malaysia is included in Standard Chartered's Emerging Affluent Study for the first time in 2018. The report reveals some fascinating insights into the financial habits and trends among Malaysians earning about RM8,000 per month or higher. How much of the local population does the emerging affluent include, and how financially savvy are they? Plus, as more digital financial tools become available, Fernando explains how local banks can help Malaysians overcome their financial knowledge gap and accelerate their upward social mobility.See omnystudio.com/listener for privacy information.

Does gambling have a place in our wealth accumulation strategy? Are there physiological factors that drive such behavior? Rajen shares his insights.See omnystudio.com/listener for privacy information.

Ching shares with us the expected winners and losers from Budget 2019, and how we can start positioning our personal finances in anticipation of next year's fiscal measures.See omnystudio.com/listener for privacy information.

AKPK is about to unveil results from its survey into the financial habits of Malaysian working adults. Mohammad Mafrukhin shares with us a preview of his findings, while outlining the role emotions and employers may play in our overall financial well-being.See omnystudio.com/listener for privacy information.

Linnet shares how FPAM is using an online platform to help raise the level of financial literacy in Malaysia. See omnystudio.com/listener for privacy information.

Robert helps us derive personal finance lessons from comments made so far by the Prime Minister and the Minister of Finance about the upcoming Budget 2019.See omnystudio.com/listener for privacy information.

As Malaysia contends with an ageing population, the government is mulling raising the retirement age. Joyce shares some ways to ready ourselves financially for retirement.See omnystudio.com/listener for privacy information.

Six years ago, Lee Ching Wei co-founded the financial comparison website, iMoney, with the aim of helping Malaysians "make intelligent decisions on money matters".In this episode of Ringgit and Sense, Ching highlights the importance of a personal credit score, while dispelling some myths and sharing some tips along the way.See omnystudio.com/listener for privacy information.

Lawrence shares the importance of estate planning, as Malaysians live longer and gather more wealth along the way.See omnystudio.com/listener for privacy information.

Jamie shares some strategies on how to better arrange your finances in order to fund your child's studies abroad.See omnystudio.com/listener for privacy information.

With China's richest man, Jack Ma, recently announcing that he will retire from Alibaba a year from now, Rajen helps us understand what retirement really means and how best to prepare for it.See omnystudio.com/listener for privacy information.

Desmond points out some financial and non-financial factors that have to be taken into consideration when purchasing property.See omnystudio.com/listener for privacy information.

Nirmala shares tips on how to plan a wedding that's within our means, along with strategies for a financially-sound 'happily ever after'.See omnystudio.com/listener for privacy information.

Tan Chung Han and Roshan Kanesan speak to Yap about 'hybrid wealth management'. A system aimed at millennials that can complement the existing ecosystem in helping investors achieve their respective financial goals. They ask what differs wealth management from retirement planning, potential pitfalls of the jumping jobs and gig economy, the importance of building a savings habit and the critical importance of compounding interest. See omnystudio.com/listener for privacy information.

Nirmala helps us identify and avoid common pitfalls when buying a car.She talks about guiding principles and common mistakes when it comes to buying a car - the differences between car loans and mortgages amongst other things.See omnystudio.com/listener for privacy information.

Mafrukhin shares tips on how to manage our credit cards well, while dispelling myths and misconceptions about using this financial facility.See omnystudio.com/listener for privacy information.

We tackle the issue of student loans, especially PTPTN. Our guests KC Wong, CEO of Credit Bureau Malaysia and Rohani Mohd Shahir, founder Hijrah Wealth Management help us look into the problems, benefits and tips on how students can manage their loans better. Pn Rohani is also featured on the second episode of BFM's 'Rumit' series.See omnystudio.com/listener for privacy information.

Fazrul shares some tips for millennials to make 'adulting' less complicated, as they begin financially preparing themselves for retirement. Fazrul is also featured on the first episode of BFM's 'Rumit' series.See omnystudio.com/listener for privacy information.

It's imperative that Malaysians understand the importance of a credit score and how it pertains to our personal finance. Dennis shares some tips on how to obtain and maintain a good credit profile.See omnystudio.com/listener for privacy information.

Jamie shares the merits for diversifying one's financial portfolio, not just geographically but also across asset classes.See omnystudio.com/listener for privacy information.

Rajen talks about saving and investing. We also discuss the strategy of borrowing to buy assets -- is that good personal finance? Rajen thinks we should borrow to buy real estate but not to buy equities. He also shares on how one should pay off their loans. Should we pay off the smallest amount of loan first in terms of value or the loan with the highest interest rate? Listen in.See omnystudio.com/listener for privacy information.

Robert Foo sheds some light on the basics of investing in gold. He speaks on the benefits and drawbacks of having gold as part of your investment portfolio, and why it may not be the safe haven it's touted to be. See omnystudio.com/listener for privacy information.

Pramod explains key concepts in behavioral economics, with the aim of helping us improve our investment decisions. The idea is to recognize and mitigate our emotions and cognitive biases that may lead to irrational behaviour in the markets.See omnystudio.com/listener for privacy information.

On this Hari Raya eve, Anuar shares some tips on managing our personal finances during this festive season.See omnystudio.com/listener for privacy information.

Rajen Devadason, CEO of RD WealthCreation draws parallels between Malaysia's RM1 trillion national debt to our personal finance obligations. He shares why when it comes to debt - be it personal or national - honesty is always the best policy.See omnystudio.com/listener for privacy information.

With all this talk about the Federal Government's debt exceeding RM1 trillion, what about our personal credit profiles?  KC outlines potential pitfalls that Malaysians can avoid, in order to maintain a healthy credit score.See omnystudio.com/listener for privacy information.

At the onset of 2018, the Malaysian Employers Federation expected 50,000 retrenchments this year. Is the gig economy a viable alternative? Raymond outlines the pros and cons of finding income outside of a regular 9-5 job.See omnystudio.com/listener for privacy information.

Post-GE14, Malaysians have seen a seemingly endless stream of news updates. Amid all this newsflow, how can we ensure we stay the course in achieving our financial goals? Lawrence helps us digest macroeconomic indicators, and other tips that may help shape our portfolios.See omnystudio.com/listener for privacy information.

We tackle the age old chicken and egg question of personal wealth, should I save or should I invest first? Helping us look into this is our regular guest, Rajen Devadason who gives some sagely insights into the concept of the risk-reward relationship. See omnystudio.com/listener for privacy information.

Losing your job is a very daunting prospect, so today we focus in on this and consider how one can best prepare, or mitigate, the effects of retrenchment.See omnystudio.com/listener for privacy information.

In the next three years, one in 10 Malaysians will be aged 60 and above. By 2040, the ratio is projected to be one in five Malaysians, and the country would have already reached ageing nation status. In light of these facts we take a look at the 'aged care' industry in Malaysia and the cost involved in growing old and taking care of oneself.See omnystudio.com/listener for privacy information.

Even with rising concerns of a US-China trade war, CIMB Principal's CIO is still bullish on equities in the world's second-largest economy. Patrick also outlines some investment strategies for Malaysian retail investors.See omnystudio.com/listener for privacy information.

Global stocks have endured several bouts of volatility so far this year. Rajen shares 4 lessons as to how investors can stay true to their personal financial goals amidst these turbulent times.See omnystudio.com/listener for privacy information.

Securities Commission Malaysia's 2017 Annual Report acknowledged the 'early success' seen by peer-to-peer financing platforms. Kristine recounts the traction that Peoplender's platform has gained since launching in July 2017, and shares the risks and opportunities for those considering this alternative financing avenue.See omnystudio.com/listener for privacy information.

Hong Kong billionaire Li Ka-shing announced his retirement on March 16, officially handing over the reigns of his business empire to his son Victor Li. What can we learn from the elder Li about having a well-prepared succession in place? Lawrence walks us through the options available to Malaysian businesses.See omnystudio.com/listener for privacy information.

Malaysia's first US dollar-denominated, Shariah-compliant security, called MyETF-50 recently made its debut on Bursa Malaysia. Meanwhile, the Securities Commission Malaysia is expecting to announce the nation's first robo-advisor by June. What does all this mean for your investment strategy? Julian weighs in.See omnystudio.com/listener for privacy information.

We discuss the rising cost of healthcare in Malaysia and the cost difference between private and public hospitals. We also talk about what needs to be done to prepare financially for our future medical needs.See omnystudio.com/listener for privacy information.

Warren Buffett has just released his highly-anticipated annual letter to shareholders of Berkshire Hathaway. Rajen highlights 3 lessons on investing that we can all learn from the Oracle of Omaha.See omnystudio.com/listener for privacy information.

Today we take a look at bankruptcy and financial distress. We discuss signs of financial distress and how to seek help and repair the damage.See omnystudio.com/listener for privacy information.

We have a special episode of Ringgit & Sense to celebrate Chinese New Year. Many of us are certainly excited about receiving ang pows and eating good food to celebrate this festival. However, as with all festive periods, we should be careful about how much we spend. Joyce Chuah and Lee Mun Wai -- licensed financial planners -- share their takes on how to best manage your personal finances during this festive season. Should we splurge on that new outfit and haircut to keep with traditions? What about Ang Pows -- to follow market rates to save face or follow our pockets? Listen in.See omnystudio.com/listener for privacy information.