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Our second live event in collaboration with Guinness focused on a topic that resonates with many: Dating in Your 20s . Peter and Frankie shared personal anecdotes, financial relationship advice, and answered burning questions on navigating the complexities of relationships. Here are the highlights: Building Confidence and Being Genuine The one message that was emphasized the most was the importance of building self-confidence and staying true to yourself. Be Yourself:  Confidence comes from doing what you love and perfecting your craft. When you focus on becoming a genuine version of yourself, you naturally attract people who appreciate you for who you are. Staying Grounded:  Relationships can be challenging, and it’s crucial to stay rooted in reality instead of falling into extremes. Define what matters in your relationship and build it on trust and mutual respect. Frankie’s journey to finding his wife was a heartwarming tale of serendipity. Starting as university course mates, his playful nature eventually evolved into deeper conversations and genuine care. Their relationship blossomed when he realized the value of their bond during her move to Australia. This story is a reminder that sometimes, love finds you when you least expect it. Navigating Finances in Relationships Money can be a sensitive topic in any relationship, but Peter and Frankie shared practical lessons from their experiences. Peter’s Take:  A relationship should be a give, give  situation. If it starts to feel one-sided, take a step back to evaluate without scrutinizing. Relationships evolve, and it’s important to allow time for adjustments. However, if issues persist, it’s essential to question whether the relationship is still healthy. Frankie’s Experience:  Balancing finances in long-distance relationships can be tricky. Flying to Singapore every weekend to see his fiancée became financially exhausting, but her understanding and willingness to share expenses kept things balanced. This mutual appreciation of effort and financial compromise is a cornerstone of any strong relationship. Partner Therapy or Pre-Marriage Courses? One audience question sparked a meaningful discussion on relationship guidance. Both Peter and Frankie advocated for pre-marriage courses as a way to open communication and set expectations before committing to marriage. These courses encourage reflection and help couples strengthen their bond. While therapy can be valuable, they warned that biases from a therapist could complicate relationships. For couples in early stages or without significant issues, a course provides a less intrusive way to foster growth and understanding. The Takeaway Relationships in your 20s are about self-discovery, mutual growth, and finding balance. Whether it’s through building confidence, navigating financial challenges, or opening up through courses, the key is to remain genuine and intentional. Missed this live session? Catch the full video on our channel and share your thoughts in the comments. Btw, we are still running the competition to win a FREE exclusive omakase dinner so drop by our channel to watch the video, and give us a like & subscribe to stay notified on future events and comment the number of times we say our tagline, “Sip Sip Hooray!” , to stand a chance! A lot of our live events share much more than what is shown on video, if you’re interested in future live events, click the link below to let us know your interests!

Two weeks ago, we teamed up with Guinness for an incredible live event, where we dove deep into workplace dynamics and offered career advice tailored for new employees and fresh graduates. From relationship-building strategies to managing expectations with your boss, this session was filled with actionable tips that you can apply right from day one on the job. Here’s a summary of the key points discussed: Building Trust in Your First Month on the Job For fresh grads, the emphasis was on establishing trust as the foundation for a strong relationship with your boss. To kickstart this, one critical approach is to make a positive impression within the first month: Showcase Who You Are : Use the shortest time possible to demonstrate both your professional skills and your personality. Don’t be afraid to let your bosses & colleagues know what kind of person you are because at the end of the day, they’ll trust someone they know rather than not. Engage with Your Boss : Fresh grads tend to be quiet and reserved, but open conversations with your boss can make a world of difference. Help them understand your thought process and build trust by sharing how you approach tasks. Be Transparent About Weaknesses : Don’t hide your areas of improvement. Instead, ask quality questions and focus on learning from feedback. In contrast, try to avoid boasting about what you ‘can’ do as well! Imagine yourself in a situation where you’ve constantly mentioned something you can do but end up failing. It will only decrease the trust people have in you. Bond Beyond the Office : Sharing a drink (responsibly!) can improve workplace relationships significantly. When alcohol is involved, we tend to lower our guards and be more open to expressing ourselves. These are the best times to get to know your boss as a person and understand their values. Navigating High Expectations Without Prior Experience A common concern is dealing with bosses who expect self-sufficiency and results usually expected from seasoned professionals. Here’s how we suggested managing this: Clarify Expectations : Avoid basing your perception solely on what colleagues say. Sensationalized information often spreads through office gossip, so focus on feedback directly from your boss. Manage Expectations Proactively : Nearly 80% of success in the workplace is about managing expectations. If you’re assigned a project, inform your boss early on where you may face challenges and seek their guidance. In the end, it also covers yourself if you fail because you’ve already informed them of your challenges ahead of time. Seek Resources : Don’t hesitate to ask what resources or support you can access to improve the process and meet expectations. Without the necessary resources and support, it will be a tough road to thread in your journey of growth. Knowing When to Reassess Your Fit in the Organisation Another question tackled when it’s time to reassess working hard to please your boss or fit into the organization: Align Goals : Within your first five years, it’s vital to explore what kind of professional you want to become. Evaluate if the company’s objectives align with your personal career aspirations.  Question the Value of Your Role : If your current role doesn’t help you grow into that person, it may be worth reconsidering your position. If it does, and you’re simply facing challenges, assess whether the goal is truly unattainable or if it’s something you need to persevere through. Handling Bosses Who Don’t Recognise Your Work One of the last questions discussed was how to interpret a boss who doesn’t acknowledge an employee’s independent achievements: Understand the Motivation : Sometimes, bosses may feel threatened by employees who outperform them or display strong problem-solving skills. This can be more common in corporate settings where competition is high. Corporate vs. Startups : Unlike startups that value and cultivate talent to solve problems, some large corporations might breed a sense of competition. In these environments, bosses may worry about their position rather than nurturing talent. These were just a few of the insightful questions we covered that night. Attendees enjoyed even more off-camera discussions, which provided exclusive insights for those who joined us live! If you missed out, don’t worry! We recorded & edited the session on YouTube for those of you who feel FOMO ! So drop by our channel to watch the video, and give us a like & subscribe to stay notified on future events. Plus, if you comment the number of times we say our tagline, “Sip Sip Hooray!” , you stand a chance to win a FREE exclusive omakase dinner! Click here to let us know if you’d be interested in future events—don’t miss the chance to be part of our next exciting discussion!

Almost every other week it feels like there’s a new investment app in the market. And each time, they’ll be marketed as the “best trading app” or the “cheapest brokerage app”. But more often than not, they end up not  being what they say they are. This time, trust me when I say moomoo  is the only  investment platform you’ll need to trade US, HK, SIngapore & Malaysia stocks. Whether you’re a beginner investor or a seasoned one, this app offers a blend of advanced features, user-friendly design, and invaluable educational resources that cater to the needs of every investor. A Comprehensive Moomoo Malaysia Review [2024] What is Moomoo? Moomoo  is the latest investment platform to arrive on Malaysia’s shores.  Here’s their backstory: Founded in 2018 in California, moomoo quickly set a benchmark for solving investor's challenges with its pro-level trading services and data . By 2021, it made a notable entry into Singapore, becoming a top choice for one in every four Singaporeans .  In 2022, moomoo ventured into Australia, introducing intelligent-assisted technology in investment analysis  and winning four awards from Wemoney. The following year, it expanded its innovative platform to Malaysia and Japan, offering comprehensive market information, investor education, and interactive community features .  Additionally, moomoo aimed to revolutionise the Canadian investment scene by providing in-depth market insights and educational tools  to help investors navigate and seize opportunities. What Can You Trade With Moomoo Malaysia? You will be able to trade US, HK, SG, China-A, and Malaysian stocks , including ETFs, warrants, and REITs , all with this single platform There’s also the option to trade Shariah-compliant stocks  as well as to trade with margin, better known as margin trading . Is Moomoo Safe and Licensed In Malaysia? Now you might be asking, all of their features sound great but is Moomoo legal in Malaysia? The answer is, YES!   Futu Malaysia Sdn. Bhd.  (" Moomoo MY ") is a Capital Markets Services License holder and is regulated by the Securities Commission Malaysia  (SC). Additionally, it is also a  Capital Market Compensation (CMC) Fund Protected  whereby an eligible individual investor may claim up to RM100,000 on eligible Malaysia securities/related assets should an unlikely event occur. What Are Moomoo’s Fees? Moomoo Malaysia’s pricing and fees can be broken down into three categories. 1. Trading Fees For the first six months  since account opening, No commission Platform Fees To trade US stocks: USD 0.99/order To trade Malaysia/Bursa stocks: RM3/order So for example, if you were to invest in Stock ABC, whether for RM100 or RM10,000, you’ll only be charged USD 0.99 for US Stocks or RM3 for Bursa Stocks! Other fees 2. M argin Rate Moomoo Malaysia’s margin rate is among the lowest in comparison to other brokerages at a rate of 6.8% . 3. Other Services No fees are charged for other services like: Account Opening Fund Deposit in MYR Fund Withdrawal in MYR Inactive Account Transfer Stock in Here's how you can earn a Apple share with moomoo! Account Opening Benefits: Enjoy 180 days of commission-free trades across the US, Malaysia, Singapore, Hong Kong, and China-A stock markets – that’s half a year with no trading fees! 5% Guaranteed Return with Cash Plus for 30 days on deposits up to RM10,000. Kickstart your investments with added security and returns on the house! Exclusive Cash Rewards for Deposits Deposit RM1,000 or more and get RM140 in rewards: RM50 cash coupon RM25 x 2 stock cash coupons RM20 x 2 exclusive stock cash coupons (use our code: MMTV40 ) Deposit RM10,000 or more to unlock 0.5 AAPL stock share as a reward. Deposit RM30,000 or more and make 3 buy trades to receive 1 full share of AAPL stock* ! * Terms and conditions apply. Limited to 5,000 participants, first come first served. Here’s a little trick lah okay – once you’ve deposited your RM30,000 into your account have received the AAPL stock along with the cash voucher* (which can be used to buy stocks or even Bitcoin ETFs), wait 30 days then you can withdraw your RM30,000 and keep the goodies. By then you can decide whether to sell the APPL stock or continue keeping it. But I’m almost certain you won’t do it because the moomoo app will change your experience with investing – that’s how good it is. How to Get Our Exclusive Rewards? Before we explore the app's features, for being our loyal supporter, we want to give you an exclusive reward  when you make your first deposit via moomoo 's app. Follow the simple steps below to earn our Exclusive Reward of a RM40 cash voucher  when you deposit at least RM1,000 for the first time : Step 1: Search for "Exclusive Deposit" at the top right corner before making your first deposit Step 2: Click in "Join Now" to find the "Deposit" page Step 3: At the bottom of the "Deposit" page, find "Exclusive code (optional)" and key in our promo code: MMTV40 What Features Do Moomoo Have? I’ve been raving about moomoo  a lot in this article and I genuinely think it deserves the hype because it is truly an all-in-one super app. In my years of investing, I’ve rarely come across an investment platform that offers as many features as moomoo does. These features (that I’ll get into later) are both easy to navigate yet comprehensive enough for first-time investors and even seasoned ones. Moomoo Features 1: Heat Map The heat map is a visual tool used to display the performance of different market sectors  in a clear and intuitive manner.  As you can see in the picture above, the colour of each sector indicates its gains or losses, with the intensity of the colour reflecting the strength of the price movement. This means that larger sectors represent larger market caps, and the colour intensity provides immediate insight into sector performance. Then, if you click on each sector, you’ll be able to see a chart of how the overall sector is doing, key stocks that contribute to the market movement of the sector, comments as well as news from said sector. This tool comes in handy when you are trying to quickly grasp the overall market trends  and identify which sectors or stocks are outperforming or underperforming . You’ll also be able to customise your settings such as sorting by market cap, volume, or turnover, and adjusting the number of sectors displayed, allowing for a tailored analysis that matches your investment strategy. Moomoo Features 2: Market Monitor The market monitor is a real-time tool designed to help you keep track of unusual activities across all stocks in the markets.  The tool identifies and alerts you to unusual trading volumes and price movements, leveraging filters like market region, price range, and market cap range to tailor the monitoring process to your specific interests or investment strategies. By using this feature, you’ll be able to stay ahead of market movements  by tracking unusual stock activities in real-time. For instance, by identifying stocks with unusual trading volumes and price changes, you might be able to spot potential opportunities or risks early. So, whether you’re looking to capitalize on short-term market fluctuations or want to understand broader market trends, this tool will prove to be very valuable. Moomoo Features 3: Industrial Chain The industrial chain feature provides a comprehensive overview of the various stages, companies, and associated stocks within specific industries , aiding in the detailed analysis of the production and distribution processes.  This tool offers insights into the upstream, midstream, and downstream sectors, alongside a streamlined process for informed stock selection by categorizing stocks based on their industry segment . For instance, in the electric vehicle (EV) sector, it highlights the complete chain from raw material suppliers to manufacturers like Tesla , which dominates battery pack production. This feature not only aids in identifying investment opportunities and risks, especially in scenarios like fluctuating raw material costs but also promotes strategic portfolio diversification  by encouraging investments across different parts of the industrial chain. Moomoo Features 4: Institutional Tracker The institutional tracker is a tool designed to monitor and display the investment activities of established institutional investors .  This feature provides you with  insights into the quarterly position reports of these institutions , showcasing data such as the market value of holdings, changes in holdings, the number of stocks held, and changes in the number of stocks held. It offers a comprehensive overview,  industry distribution of holdings , and a detailed list of holdings for each institution , allowing you to discern the investing logic, trends, and strategies of these major players in the market. The information you’ll get from this tool, helps you understand the strategic moves of institutional investors  and can guide you in aligning your investment strategies with market trends, identifying potential investment opportunities, and avoiding sectors or stocks that are being heavily sold off. Moreover, it offers  clues about market sentiment and potential future movements , enabling more strategic portfolio management. Moomoo Features 5: Investment Themes Just as the name suggests, the investment themes feature offers a curated insight into specific industries, interests, or institutions , providing you with a comprehensive overview that includes charts, company lists, shared comments, and relevant news related to the chosen theme. This tool is particularly useful for investors who are just starting out, as it simplifies the complex world of investing into more digestible, themed segments . New investors can benefit from the structured approach to understanding market dynamics, identifying trends within specific industries or interests, and gaining insights from the shared experiences and strategies of more seasoned investors. Moomoo Features 6: Trend Projection The trend projection tool is designed to enhance the efficiency of analyzing candlestick charts by enabling you to quickly find stocks with candlestick patterns similar to a target stock  and makes it easier to predict what might happen next with the stock you're interested in.  The way it works is that by comparing the patterns and trends of two candlestick charts through a specific algorithm, the tool calculates their similarity and offers forecasts on the future trend of the target stock based on the probability distribution obtained from historical trends of other stocks with similar patterns. This provides a solid foundation for speculating on future stock movements (if that’s what you’re into), making it a valuable tool for those looking to stay ahead in fast-moving markets. Usually, in order to get the information this tool offers, it takes a lot of time, manual labour and advanced knowledge of technical analysis. So, although this feature may be a bit of a stretch for beginner investors to use, it’s definitely one that seasoned investors who rely heavily on technical analysis will appreciate. Moomoo Features 7: In-Depth Insights Into A Company So far, I’ve been explaining some of the key tools that moomoo offer however, there’s an overarching feature that I’ve yet to mention – company analysis . Typically, when you’re using an investment platform, you’ll be able to get some  information on the specific company you’re planning to invest in like its share price movement and capital flow. However, Moomoo’s company analysis goes way beyond that. You’ll be able to get an in-depth insight into a company including the company’s valuation, market distribution, revenue breakdown, income statement, cash flows, shareholders, and insider activity to name a few. Generally speaking, everything you can find on a company’s financial report, you’ll be able to find in Moomoo’s company analysis. Moomoo Features 8: Comments and News Section Similar to the company analysis, the comments and news section is also an overarching feature that can be used in addition to the six tools mentioned above. For the comments section, it sort of works like X (previously known as Twitter) whereby, moomoo users can share their opinion or investment strategies with other users. Here’s the catch, since any user can comment their thoughts, it might not be the best feature to use if you want to make an informed investment decision. Perhaps using it to get a better understanding of market sentiment would be smarter.  As for the news section, depending on how you come across it, it might provide you with news on a specific company, industry or even investment theme. And of course, the news sources are credible and reliable, mostly coming from new portals like Yahoo Finance , Wall Street Journal  and Bloomberg . Moomoo Features 9: Learn More About Investing I think a common obstacle when it comes to starting one’s investment journey is that people don’t know where to begin and there’s too much information out there that it can feel very overwhelming, very quickly. Knowing this, the moomoo app offers a tab where you can learn more about investing. There are articles on top-performing stocks, beginner guides and even courses on technical analysis and the overall economy. It’s really like Investment 101 lah! Moomoo Features 10: Paper Trade  Along that same note of learning more about investing, moomoo also offers a feature called Paper Trade. This feature allows you to engage in simulated market trading without risking actual money.  Think of it as a practical lesson in addition to the theoretical one. This tool uses real market data to enable new and experienced traders, to practice trading, test out investment strategies, and familiarise themselves with various trading scenarios . Through paper trading, you can track the performance of your hypothetical investments, see the potential outcomes, and learn from the experience without the financial consequences of real trading. It’s worth noting that while paper trading offers a safe environment to learn and experiment, the emotional and psychological pressures of real trading can differ  significantly. Therefore, while paper trading is an excellent way to build foundational knowledge and skills, transitioning to real trading should be approached with caution. Step-by-step Guide: Moomoo Malaysia Account Opening Usually, with an investment platform, it takes quite a while to open an account because there’s an endless number of questions you need to answer and fill in. But with Moomoo Malaysia , it takes less than 5 minutes. Here’s how you can do it. 1. Fill in your Personal Details Click here  and start filling out your personal details like your full name, gender, marital status, birthday and so on. 2. Verify your identification You’ll be required to upload a picture of your identification card (IC) for both front and back. And as usual, make sure it’s clear, and doesn’t have any glares. 3. Provide your Residential Address Fill in your address and confirm if it’s the same address you’re currently residing in; otherwise, include your residing address as well. 4. Fill in your Tax Information Most of the questions should already be answered based on your personal details so you’ll only need to fill in your Tax Identification Number (TIN). It’ll look something like this: IG 12345678912. 5. Provide other information Some of the information you’ll be asked to provide here includes your employment status and financial information like your annual income, total assets, investment objective and period. 6. Complete your eKYC, verify your phone number and agree to the Customer’s Declaration Carry out your electronic Know-Your-Customer (e-KYC) which personally took me less than 30 seconds to do. Then, verify your phone number with the TAC Moomoo sends you. Finally, agree to the Customer’s Declaration. In just six simple steps, your moomoo Malaysia account should be up and running within 1-3 business days. Moomoo Malaysia Review: My Honest Opinion  I've been using moomoo for nearly a year now, and honestly, I find myself consistently reaching for this trading app over the others I have on my phone. Let me explain why. Starting with its features, unlike many other investment platforms, moomoo offers an  extensive range of tools , and what's even better is that they're all available for free! Typically, other trading apps charge additional fees for more advanced features, but with moomoo, I’m glad that that's not the case. Personally, I’m a huge fan of the heat map feature because it offers a visual representation of the overall sector performance, allowing me to quickly identify trends. I also really like the institutional tracker as it is quite interesting to me to see the investment activities of major players in the market. Moreover, I commend moomoo's commitment to educating investors . Their "Learn" and "Paper Trade" sections are particularly helpful for both beginners and pros, offering articles, guides, and simulated trading experiences to hone your skills without risking real money. Plus, the sense of community  in the comments and news section is great for staying in the loop and sharing insights with fellow traders. Now, when it comes to the UI/UX of the app, if you've explored different investment platforms, you may have encountered some that aren't very user-friendly and can be quite confusing. However, my experience with moomoo has been the opposite. I find it incredibly intuitive and easy to navigate , allowing me to access its tools and features effortlessly. The layout is clean and well-organised , making it a breeze to find what I need without any unnecessary clutter.  Overall, my journey with moomoo has been pretty great over the past year. It definitely stands out as a top-notch investment platform, especially for those who appreciate a balance between advanced trading tools and educational support . So, whether you're a beginner looking to dip your toes into the world of investing or a seasoned trader searching for an all-in-one solution, Moomoo could very well be the super app you've been looking for. If this article was a little too lengthy for you, I also made a video reviewing the moomoo app. You can check it out here . Disclaimer This is not an investment advice. All content produced is solely for education and entertainment purposes only. Please consult your financial advisor before making any investment decision. All views expressed in the article are the independent opinions of the author, which are not necessarily shared by Futu Malaysia Sdn. Bhd. ("Moomoo Malaysia"). No content shall be considered financial advice or recommendation. Moomoo Malaysia links are included in this post, through which referrals are made and I may receive certain commissions. Please contact Moomoo Malaysia for more information. Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Gold has been a reliable asset throughout history and regained importance as both a safe-haven asset and an investment tool . But why is it so valuable? With geopolitical tensions, inflation, and the shift toward de-dollarisation , gold is used for hedging, its growing relevance in futures trading, and it’s still considered a reliable store of value , even with the rise of cryptocurrency . Kelvin Ho, the Head of Derivatives at Affin Hwang Investment Bank, shared his insights on this subject matter with Peter (founder of MrMoneyTV) in a recent video on our channel , titled Malaysian Investment Banker Reveals The Future of GOLD , where they talked about gold’s evolving role in the financial world, especially in today’s economic climate. The Role of Gold in Today's Geopolitical Landscape Undoubtedly, gold’s value has surged due to inflation, geopolitical tensions, and de-dollarisation. Kelvin highlights how central banks are increasingly stocking gold to hedge against the weakening US dollar, demonstrating gold’s continuing role as a reserve for wealth protection. Gold Beyond The Physical: Futures Trading Gold has also moved beyond just a physical asset. Kelvin explains how gold futures trading allows investors to hedge ( meaning:   a way of protecting oneself against financial loss or other adverse circumstances ) against market volatility , offering a way to lock in prices for future transactions, making it an attractive option for those seeking to balance risk in unpredictable markets. Gold's Predictive Power In the past, gold prices have risen during times of instability, like wars and pandemics, making it a key indicator of global economic health . Kelvin points out how this trend continues, with gold acting as a safe-haven asset in times of crisis , reflecting investor sentiment toward market risks. Gold vs. Cryptocurrency: A Fair Comparison? During this conversation, gold was compared with cryptocurrency, highlighting how gold’s physical, tangible nature makes it more reliable. It’s mentioned that, unlike crypto, gold doesn’t depend on technology , making it a secure store of value , especially in the face of uncertainties like power outages or regulatory changes. Gold in Investment Portfolios Gold still remains a vital hedge for investors looking to protect their portfolios. By incorporating gold into investment strategies, investors can mitigate potential losses during market downturns, making it an essential asset for diversifying risks in today’s volatile economic environment. Final Thoughts: Gold in Malaysia Matters Now More Than Ever Given today’s global uncertainties, gold stands out as a trusted, stable asset for investors and governments alike. Whether through central bank reserves or futures trading, its importance in finance continues to grow, offering security in an unpredictable world . Hungry for more knowledge? Check out this video on our YouTube channel for more in-depth insights into how gold can play a crucial role in your financial strategy . Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

If you’re aiming to break free from the ordinary path and build (real) wealth , it’s crucial to avoid common pitfalls.  Many believe that becoming wealthy is all about working hard and saving money , but it’s more nuanced. The truth is, you need the right mindset, habits, and strategies about building wealth. In this article, we’ll explore seven general mindsets you should avoid if you want to achieve financial success and build wealth. It’s not just about making money—it’s about making smart choices and investing in yourself and your future. 1. Working Just For Money Many fall into the trap of taking well-paying jobs that offer no growth opportunities. This is when it’s important to see the long-term picture to build wealth —building skills and equity, not just earning a pay cheque. To put yourself on the right track, it’s wise to learn some high-income skills like sales copywriting, project management, or website development that make you a valuable asset over time. 2. Buying A Luxury Lifestyle It’s easy to be tempted by flashy cars and expensive holidays, but most people living this way aren’t truly wealthy. They often end up piling on debt just to appear “rich.” Instead of buying depreciating assets like cars, invest in appreciating assets like stocks, real estate, or cryptocurrency. These investments grow in value, which is key to building real wealth over time. 3. Doing Everything Yourself The saying goes, “If you want to go fast, go alone; if you want to go far, go together.” Even successful entrepreneurs like Elon Musk started with a supportive network. Collaboration is key here —it’s completely okay to leverage your team members’ skills to boost your growth. If you’re working side hustles, consider how you can delegate tasks to others who are better suited to handle them, rather than exhausting yourself unnecessarily to get something you’re unfamiliar with, done. 4. Having Too Many Inputs It might seem smart to gather many opinions when you want to build wealth, but too much advice can overwhelm you. You wouldn’t know exactly which advice to take in. How do you find clarity? Start by defining a clear goal and focussing on the advice that truly helps you reach it. Embrace quality over quantity by seeking insights from experts in specific fields rather than cramming your mind with advice from a wide range of influencers. 5. Being Ego-Driven Arrogance can be a wealth killer. If you assume you know everything, you’re likely missing out on learning new trends or technologies that could help you create more value. Staying humble and open to learning helps you grow. Remember, what you know is just the tip of the iceberg . True success lies in understanding there’s always more to learn. 6. Passing the Blame Ultimately, you’re responsible for your own growth and financial situation . In other words, make it a personal value to take responsibility for your actions. Instead of always blaming external factors when things go wrong, focus on what you can control — your willingness to learn and acknowledge mistakes . Shifting to a growth mindset can help you overcome obstacles and keep moving forward past mistakes. 7. Staying Static While it’s understandable our comfort zone feels safe , it can become a prison if you stay in it too long. Staying static won’t allow you to find new opportunities that can transform your financial life.  How about giving yourself a challenge by taking more (manageable, calculated) risks and be open to exploring untapped markets or industries?  At the same time, expanding your skill set and gaining new experiences can broaden your perspective on building sustainable wealth. It's Not Just About Money to Build Wealth Building wealth isn’t just about money. It’s about developing the right mindset, skills, and network. By keeping these pitfalls in mind, you are setting yourself up for success in your financial life, and you are on track in building long-term wealth that surpasses yourself .

During a time of rapid decolonisation by the former British Empire, the Malaysia Agreement 1963 (MA63) was signed between the UK and Malayan government to form Malaysia . It was meant to bring Malaya as well as Sabah (formerly known as North Borneo) and Sarawak into a union with promising futures together .  While Sarawak has made strides in recent economic growth, neighbouring Sabah unfortunately still lags behind, facing numerous challenges to grow their economy, despite having an abundance of natural resources in their backyard . This divergence highlights some critical issues worth exploring as fellow Malaysians. In this article, I will break down the economic disparities, the daily cost of living struggles, and what efforts are being made to boost Sabah’s economy, including recent government initiatives and potential investments. Two Vastly Different Economies After MA63 61 years since MA63 was signed, in 2023, Sarawak’s GDP per capita stood at RM72,411 compared to Sabah’s RM31,147 —reflecting a significant gap between the neighbouring states’ economic growth. This gap isn’t just a number —it affects the daily lives of Sabahans.  As the cost of living rises, many find themselves struggling to make ends meet. The economic disparity is evident in various aspects of daily life, from food prices to housing costs, especially for those at a lower and even middle income level. High Costs, Low Wages in Sabah People thought the daily life in Sabah was affordable, but it can be (relatively) expensive.  For example, a bowl of fresh fish meehoon soup or kolo mee via food delivery can start from RM12 to RM18. On top of that, housing prices have surged, with a 1-story terraced house costing around RM510,000 and rents reaching RM1,600 per month in some areas.  Yet, the average monthly income for general workers is between RM1,600 and RM1,700. This mismatch between costs and wages places a heavy burden on the average Sabahan family, making it a challenge to cover basic necessities easily while trying to save more for future plans or big life milestones. Lack of Infrastructure Development While Sabah is a popular tourist destination, locals face significant infrastructure issues . Underdeveloped roads make commutes longer and more expensive , affecting everyday activities like getting to work or school, especially for those living in rural areas of Sabah. For students, reaching educational institutions in larger towns or cities is a struggle, limiting their access to better opportunities. Similarly, workers find it difficult to pursue better job prospects located in distant areas due to high commuting costs and time.  This lack of infrastructure not only inconveniences them but also slows down economic growth by limiting access to education and employment opportunities, key factors for bringing impoverished communities out of poverty lines. Sabah’s Economic Struggles Beyond infrastructure, there’s a further shortage of highly skilled jobs in Sabah.  As the Sabahan economy relies heavily on low-skill jobs in commodities, manufacturing, and ecotourism industries, it leaves little room for career advancement.  This lack of career opportunity has led many young, aspirational Sabahans to seek better prospects in Peninsular Malaysia or even overseas, contributing to a brain drain that further hinders the state’s much-needed economic development. Over-Reliance on Commodities As mentioned earlier, Sabah’s economy heavily depends on commodities like cacao, palm oil, and oil and gas exports. While these industries add to the state’s GDP, they haven’t grown fast enough to match the needs of Sabah’s 3.74 million people as of 2024.  This reliance on a narrow economic base limits the state’s potential for internal development and makes it vulnerable to fluctuations in global commodity prices due to the Sabah state’s heavy reliance on the commodities industry. Tourism: A Booming Industry Tourism (ecotourism specifically) is another key industry in Sabah , attracting 1,761,651 tourists as of July 2024. While this influx of visitors is great for local businesses, the wealth generated doesn’t trickle down to the average citizen evenly.  Despite receiving many tourists into their lands, many Sabahans don’t feel the benefits in their everyday lives. The industry alone hasn’t been enough to drive substantial economic growth or significantly reduce poverty in general. The Importance of Infrastructure However, for Sabah to truly unlock its potential , significant investment in infrastructure is necessary . Improved roads, schools, and hospitals could create a more conducive environment for businesses , leading to more job opportunities.  The current state of public utilities and infrastructure is also holding the state back, making it difficult for businesses to operate efficiently and reducing the quality of life for residents. Recent Government Efforts Nevertheless, the current Chief Minister of Sabah, Datuk Seri Hajiji Haji Noor, recognises these challenges and is focussing on attracting foreign investments in technology and renewable energy into Sabah.  The goal is to diversify Sabah’s economy away from its sole reliance on commodities, creating more high-value jobs that have better pays. This shift could enhance the spending power of Sabahans , improving their overall quality of life and boosting economic growth domestically. New Investments on the Horizon There’s hope on the horizon with potential investments in Sabah’s tech sector too! Recent news reported that the US-Asean Business Council and Chinese investors have shown interest to do so, which could help diversify Sabah’s economy, creating more high-skill jobs, and improve the GDP per capita.  If these investments materialise, they could provide the economic boost that Sabah needs to move towards a more balanced and sustainable growth model. Sabah’s Push for Autonomy Prime Minister Anwar Ibrahim has recently committed to fulfilling promises under MA63 for Sabah , including transferring regulatory power over gas supply and appointing state representatives to the Inland Revenue Board. While this is a positive development, the journey to gaining full autonomy is not without its challenges.  Sabah’s demand for 40% revenue from the federal government is still pending, and there are concerns about needing royal assent and navigating political considerations. However, this push for autonomy signals a promising shift toward greater state control over resources, which could be pivotal for Sabah’s economic future. Sabah’s Resource Management Although MA63 promised Sabah to have control over its natural resources, much of this control has been handed over to federal agencies . Gaining it back could allow Sabah to fully leverage its natural assets for economic growth.  More financial autonomy means the potential for investing in infrastructure projects that can benefit everyday Sabahans, improving their quality of life. Sabah’s GDP Outlook Investments in technology and renewable energy could be game-changers. With interest from the US and China , Sabah has the chance to broaden its economic capacity, moving beyond its current reliance on commodities and tourism. This diversification could pave the way for more high-skill jobs and a more robust economy. Promising Sectors & Economic Transformation Looking ahead, the signs are promising . Anwar’s commitment to MA63 and the interest from foreign companies in technology and renewable energy suggest that Sabah could be on the brink of significant economic transformation. If successful, these efforts could turn Sabah into a hub for green energy and tech innovation, driving further economic growth. Hope for the Future In summary, while Sabah faces significant challenges, there are also ample opportunities for growth . The steps being taken toward greater autonomy, attracting foreign investments, and diversifying the economy are all moving in the right direction . If Sabah can tackle its infrastructure issues and create more high-skill job opportunities, the future looks bright.  After 61 years since the MA63 was signed, it’s time for Sabah to fully realise its economic potential. Let’s remain hopeful for Sabah’s journey towards progress and prosperity! Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Recently, Peter and Frankie visited a new project called Berkeley Uptown Residences  in Klang (not Damansara Uptown’s Uptown Residences). This new development offers a fresh take on living in an area known for its rich history and active commercial life. Located Near to Boston Restaurant and Sri KDU International School One of the first things they noticed was how well-located Berkeley Uptown Residences is. It’s  close to familiar landmarks like Sri KDU International School and Boston Restaurant , making it a great spot for families and young professionals. The area is both convenient and well-established, offering a balance of comfort and accessibility. What makes Berkeley Uptown Residences special is how it blends the old and the new. The project revitalises the nearby commercial areas while keeping the local charm intact. This balance of modern homes in a familiar neighbourhood is what sets it apart. Forward-thinking Facility Design at Berkeley Uptown Residences The facilities are another big highlight. With swimming pools, sports courts, and spaces for kids, the development provides more than just a place to live. It’s designed for a community-focused lifestyle. Plus, the smart home system  allows residents to control their homes remotely, adding a modern touch to everyday living. Peter and Frankie were also impressed with how well the space is used. The homes are not only stylish but practical, ensuring that every bit of space is functional . Modern Convenience Meets Established Neighbourhood Charm In short, Berkeley Uptown Residences offers a great mix of modern convenience and the charm of an established neighbourhood, making it a standout project in Klang. Still interested in this new project in Klang? Watch our full video on MrMoneyTV’s YouTube channel  to learn more about what Berkeley Uptown Residences 2 has to offer. Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

In a recent episode of AreWeOK , Peter (aka MrMoney) and Dr. Ong Kian Ming explore the incredible work of Teach For Malaysia, a Malaysian non-profit organisation with a mission to bridge the education gap in underprivileged communities across Malaysia , with a special guest invited to the show being the CEO of Teach For Malaysia , Chan Soon Seng. Teach For Malaysia's Mission in Empowering Underprivileged Students Education isn’t just about getting good grades or passing exams—it’s a powerful tool for change, and Teach For Malaysia is using it to empower students  who have the odds stacked against them . Placing the Right People In The Role Soon Seng highlighted how the organisation recruits passionate individuals to teach  in under-resourced schools, where the need is greatest . These teachers aren’t just educators—they’re mentors, role models, and, in many cases, the key to opening up opportunities for underprivileged children who otherwise might never dream of a brighter future. Challenges Faced in This Pursuit However, it’s not without its challenges. This conversation also raised the daily struggles faced by both teachers and students, from a lack of basic teaching materials to the emotional weight of dealing with societal expectations. Despite these hurdles, Teach For Malaysia’s mission remains unwavering—each success story is a step toward a more equitable education system . Catalyst for Social Mobility Progression They have also discussed the positive ripple effect education has on underprivileged communities. When students from disadvantaged backgrounds thrive, their families and the larger society benefit. Education becomes the catalyst for positive change in many ways, and this video reminds us why it’s so vital to support these efforts. Curious to learn more? Tune in to the full video  on AreWeOK's YouTube channel as they dove deeper into how you can get involved, from supporting the cause to simply spreading awareness on their effort to change lives of underprivileged communities through education. Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Money worries are something we all have, especially with the unpredictable market and rising inflation. It is not surprising that many people are experiencing financial stress in their personal lives. Financial stress can manifest itself in a variety of ways, including physical and mental fatigue, distraction at work, and decreased productivity. According to PWC , financially stressed employees are nearly five times as likely to admit personal finance issues have been a distraction at work.  Think about the massive productivity hit! While it's not up to employers to solve all their employees' problems, poor morale and low productivity are not the best for business. In this article, we’ll dive into how employers can play a role in improving their team’s financial well-being.  Why Should Employee Financial Wellness Matter to Employers? If you’re running a business, you know that worrying about money can be very detrimental. It affects a person both personally and professionally at work. As an employer, employee financial wellness matters because it directly impacts your organisation. When employees are financially stressed, they’re less focused, more distracted, and often less motivated. If your employees are facing financial stress, you’ll notice the following in your workplace: 1. A Drop In Productivity  Another study  showed that 70% of employees with low financial well-being were categorised as low performers . Employees spend nearly three hours per week dealing with financial worries during work hours. This distraction can equate to a part-time job, leading to substantial productivity losses for employers. 2. Lateness to Work Additionally, financial stress also contributes to employees arriving late to work. Employees facing financial stress end up being 34% more likely to arrive late to work , which can disrupt team dynamics and overall productivity throughout the day. 3. Frequent MCs and Absenteeism Employees with money worries also tend to miss 3.5 work days a year, almost double that of people with financial wellness. On the other hand, employees who are financially secure are less likely to take time off due to stress-related issues. This results in fewer disruptions and a more consistent workflow. 4. Higher Turnover Rate AKPK  reported that 91 percent of employees with high financial well-being were loyal to their companies , compared to 89 percent of employees with poor financial well-being who were actively seeking new jobs. Naturally, when people are unable to meet their financial obligations (retirement savings, school loan repayments) on the salary your company offers, they will actively seek opportunities from a company that pays a higher salary.   5. Presenteeism Your employees may also display another form of unhealthy work attendance, known as presenteeism. In some cases, employees work despite being sick, which may result in higher health care costs for your company later. The average annual cost of health-related absence and presenteeism per organisation in Malaysia is estimated at RM2.7 million . Additionally, this can also lead to an unhealthy work culture, poor working conditions, and decreased productivity. How to Include Financial Wellness in Your Company Package 1. Educate Employees on the Importance of Financial Literacy Did you know that while 74% of Malaysian working adults are keen on learning more about personal finance , only 48% of companies actually offer these financial courses? By providing financial literacy resources—like workshops, seminars, or even online courses on topics such as budgeting, saving, investing, and managing debt—you’re helping your employees take control of their financial future. When your team has the tools to make informed financial decisions, they’re less stressed and more focused at work. It’s a win-win for everyone! 2. Offer Earned Wage Access for Financial Wellness Beyond financial literacy education, consider offering employee benefits that promote financial wellness, like earned wage access. With the rising cost of living, 28% of full-time employees report always running out of money between paychecks . Having the option to withdraw earned wages before payday can be a real game-changer for both your employees and your business. Earned wage access (EWA), also known as instant pay, is a financial service that allows employees to access a portion of their earned salary before their scheduled payday.  79% of employees have expressed a greater willingness to switch to employers offering EWA . By giving your employees the financial flexibility to cover unexpected emergencies or monthly expenses, you provide them with the assurance and peace of mind they need to manage their finances better. When employees feel supported in this way, they’re less stressed and more focused, leading to better productivity and job satisfaction. 3. Simplify Your Payroll with Setgaji's Flexible Financial Solutions Now, if you’re wondering how to make this happen without causing cash flow headaches, Setgaji  has you covered. Setgaji  is a financial wellness platform designed to simplify the process, offering a streamlined payroll system that takes care of your payroll costs upfront, letting you repay them later. This means you can offer early-wage access without any financial strain on your company. With Setgaji , you also have the flexibility to customise withdrawal limits for each employee. And the best part? It’s a paperless, hassle-free solution that gives your staff instant access to their earnings anytime, without adding extra admin work or costs for your organisation. Setgaji  is all about making financial wellness easy for both you and your employees. Conclusion Investing in employee financial wellness isn’t just about offering a pay cheque; it’s about fostering a work environment where employees feel secure, supported, and valued. Benefits that truly address employees’ needs can make a big difference in attracting and retaining top talent. By offering financial wellness perks, you’re not just helping your employees—you’re also building a stronger, more loyal team that’s ready to stick with you for the long haul. Start taking steps today to improve financial wellness in your organisation, and you’ll likely see the positive impact it has on your team and your business. To gain deeper insights, watch the full video on MrMoneyTV 's YouTube channel . Subscribe to our financial newsletter for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Let’s be honest—budgeting and managing finances is an ongoing task that requires constant attention. While it’s crucial to be mindful of big purchases, it’s often the small, everyday habits that quietly drain your wallet. These money leaks can add up quickly, making it harder to save or meet your financial goals. In this article, I’ve listed down 15 common habits that might be eating into your budget without you even realising it. No matter your financial situation, identifying and eliminating these unnecessary expenses can help you save more for the things you really need—or truly want! Note:  This isn’t about cutting out all your small pleasures; it’s about being aware of where your money goes so you can make more informed choices. After all, a little indulgence now and then is perfectly fine—everything in moderation! 1. Buying Bottled Water Staying hydrated is essential, especially in Malaysia’s heat. But if you forget to bring your own water bottle, you’ll likely end up buying bottled water. While it might seem like a small expense, it adds up over time. At RM2.50 a bottle, you could be spending RM75 a month or RM900 a year! So, make it a habit to carry a reusable water bottle whenever you head out. 2. Missing Credit Card Repayments Skipping out on your credit card payments will cost you a lot of fines and penalties. Credit cards are known to have the highest interest rates, up to 18% p.a. That means the larger the amount left unpaid, the higher the interest charges. If left unchecked, you could find yourself in credit card debt very quickly. If you have trouble keeping track of your deadlines, then set a reminder earlier than your payment deadline to avoid paying the late interest fees.  3. Unused Gym Memberships Many of us sign up for gym memberships with the best intentions, only to stop going after a few weeks. If you’re not using your membership regularly, cancel it and explore free exercise options like jogging or home workouts on Youtube instead. 4. Fast Fashion Shopping Buying cheap, trendy clothing might feel like a good deal, but it adds up over time, especially when the items quickly go out of style or fall apart. Invest in a few quality pieces that last longer and save money in the long run instead. 5. Withdrawing Cash from Out-of-Network ATMs Withdrawing money from out-of-network ATMs might cost you RM1 here or RM2 there, but it adds up fast. Stick to your bank’s ATMs to avoid these unnecessary fees or better yet, switch to using a digital e-Wallet like TNG or MAE app instead.  6. Unhealthy Lifestyle Habits Smoking and excessive drinking not only harm your health but also your wallet. Malaysians spend approximately RM15.85 billion each year on smoking  and tobacco substances. Additionally, Malaysians also end up spending an estimated RM16 billion annually  on treating smoking-related illnesses, such as cardiovascular diseases and lung cancer. Not only are these habits damaging to your finances, but also your health!  7. Buying Lottery Tickets (Toto) While the allure of hitting the jackpot at Toto seems tempting, the odds of winning are extremely low. The chances of winning the Supreme Toto 6/58 game  jackpot are approximately 1 in 40,475,358 and regularly purchasing lottery tickets is more likely to result in financial loss rather than a substantial gain. 8. Not Comparing Prices While it may take slightly longer than usual, comparing prices of items like clothing or groceries in different locations might help you save a few extra ringgits along the way. I get it; not everyone has the luxury of time to window shop, but thankfully we live in modern times, you don’t even have to leave your homes to check prices these days. In fact, you can use apps that show you prices in different stores, such as Hargapedia  or SmartShopper .  9. Traffic Offences Speeding is one of the most common traffic offences in Malaysia and can result in hefty fines, depending on how much you exceed the speed limit. For instance, speeding more than 40 km/h above the limit comes with a hefty saman (fine) of RM300 for all vehicles, with no discounts for early payments! To avoid these costly penalties, always drive within the speed limits, park legally, and avoid using your phone while driving. Staying on the good side of the law not only keeps you and others safe on the road but also keeps your wallet from running dry.  10. Frequently Dining Out  With food prices in Malaysia rising by 2% , frequently dining out—especially for work lunches—can take a serious toll on your bank account. Packing your own lunch is a smart way to cut your monthly food expenses in half. For instance, instead of spending RM200 a month on eating out, you could reduce that to just RM100 by bringing your lunch from home half the time. Not only will you save money, but you’ll also enjoy the added health benefits of preparing your own meals.   11. Sending ALL Your Clothes for Dry Cleaning Not all your clothes need to be sent for dry cleaning. Dress shirts, blouses, trousers, skirts—these can usually be washed in the machine on a gentle cycle with cold water. If an item is very expensive, delicate, or you're unsure, it's safest to dry clean. But for many everyday clothes, washing at home can save you a lot of money and keep your clothes looking great for longer. Just be gentle and avoid the dryer when possible. 12. Keeping Unnecessary Subscriptions Do you really need all those streaming services and premium subscriptions? If you’re subscribed to Netflix, Amazon Prime, or other services that you barely use, consider cancelling them. You can always resubscribe if you really miss them, but in the meantime, you’ll save a significant amount each month. 13. Skipping Your Medical or Dental Checkups Neglecting your regular medical or dental checkups can cost you in the long run. Your health should always be a priority, and addressing symptoms early on can save you a lot of money—and pain. For example, if you notice unusual tooth sensitivity, don’t just ignore it! A prompt visit to the dentist could prevent a small issue from turning into a costly root canal, which can be nearly three times more expensive. Similarly, delaying a doctor’s visit could result in a hefty medical bill down the line. 14. Paying Yourself Last This one is a huge deal-breaker. When you don’t pay yourself first—setting aside a portion of your income for savings before anything else—you risk spending your entire pay cheque on expenses and wants. By consistently saving a percentage of your income first, you can build an emergency fund, invest for the future , and ensure your financial security. Make paying yourself first a non-negotiable habit, and watch your savings grow. 15. Having Too Much Cash Holding excessive amounts of cash can be detrimental to your financial health. Traditional savings accounts offer you minimal interest rates, often lower than the inflation rate. This means that your cash is effectively losing value rather than growing. Additionally, cash sitting idle in your bank account means missed opportunities for growing your wealth. Keep only what you need for daily expenses and emergencies. If you prefer to keep some cash liquid, look for high-yield savings accounts  that offer better interest rates than traditional savings accounts. (Learn how to invest RM100 every month !) Conclusion These small habits are often overloooked but they can slowly drain your finances if you’re not careful. Identify and elimiate these money leaks, so you can better manage your budget, save and work towards your financial goals. Being mindful of where your money goes doesn’t mean you have to cut out all the things you enjoy—it’s about making intentional choices that align with your long-term financial well-being. Start addressing one or two of these habits, and you’ll be surprised at how much you can save over time! Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Alamak! It’s two weeks until payday, and you’re already low on cash?! Where did all that money go? If this sounds familiar, you’re not alone. It’s easy to lose track of where your money goes. Managing expenses can be a hassle—sometimes, it even feels like a full-time job. Budgeting apps are a great tool to help you stay on top of your spending. Let’s dive into the top five budgeting apps that can help you manage your money effectively. 1. Wally Wally is an AI-powered budgeting app that helps you keep track of your finances. It automatically tracks income, spending, pending bills, budgets, and just about everything financial. You can sign in with your email address, set savings goals, create daily budgets, log expenses and income, track expenses over time, set bill reminders, and more—all presented in a timeline feed or calendar. The app allows you to sync all your accounts and payments with over 15,000 banks in 60 different currencies across 70 countries. While the app is mostly free, it offers additional in-app features you can purchase, like a customised budget tool, handling foreign accounts, and additional currencies. Subscription Fee: Free (with in-app purchases) Platform Availability:   Google Play 2. Money Coach  Money Coach boasts a 4.6 rating on the Apple Store. It’s a comprehensive budgeting app that offers personalised guidance and a suite of tools to make managing money easier. The Quick Entry feature lets you create a transaction shortcut in just 2 seconds. Other key features include automatic expense tracking with auto-categorisation, customised budgets for various spending types, savings goals, and access to educational resources on personal finance. T he app also connects directly to your bank accounts to automatically import and categorise transactions , so you'll have a complete view of your expenses and savings across checking, savings, credit card, and investment accounts. A bonus point for this app is that it automatically syncs data across your iPhone, iPad, and Apple Watch at the touch of a button. Subscription Fee: Free with in-app purchases. Subscription offers additional bonus features from the early development team. You have the option to test them with a free trial; after the trial period, a monthly subscription fee is required to continue using the app and its services. Platform Availability: App Store 3. YNAB (You Need A Budget) If you’re serious about your financial goals, then you can learn to do money differently with the YNAB app . This award-winning budgeting app helps users achieve their financial goals using a zero-based budgeting approach . Y ou can organise your finances by linking your bank accounts, credit cards, and loan balances, all in one place for a centralised view of your finances. The app then guides you on how much of your income should go towards various categories such as goals, savings, debt, and expenses. For those looking to increase their financial literacy, YNAB includes financial education resources like free live classes offered by financial experts. Subscription Fee: 34-day free trial, followed by a monthly subscription of $14.99*/month (approximately RM65/month) Platform availability: Google Play  | App Store 4. Wallet: Budget & Money Manager (BudgetBackers) Wallet stands out as the best overall free app. It has the high ratings both on the App Store ( 4.6 ) and Google Play ( 4.7 ). The app is designed to help users save, plan, and manage their finances all in one place. A unique feature of this app is its use of AI to generate automatic daily spending tracking and provide weekly spending reports. Another major plus is that the developers, BudgetBackers, do not sell customer data to third parties, so you don’t need to worry about your privacy. Subscription fee: Free  Platform availability:   Google Play  | App Store | Web App 5. Bill Organizer Budget Planner (TimelyBills) Never miss a bill again with Bill Organizer Budget Planner (TimelyBills) . This app is one of the top-rated, reliable bill reminders and budget planners out there. It’ll automatically remind you to pay your bills and keep you on track to pay off your loans. It also acts as your personal financial advisor to ensure you stay within your budget. You can see how much you need to save for retirement with the built-in retirement calculator. You can even download your expense reports into PDF and Excel formats to document your finances. Subscription Fee:  Free  Platform availability: Google Play  | App Store   Disclaimer: All prices listed are accurate at the time of writing; however, prices may vary at the time of purchase.  Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Bitcoin is often perceived in two distinct ways: some see it as digital gold , a stable store of value, while others treat it like a tech stock that is prone to market fluctuations. As of late, Bitcoin has been particularly volatile , with prices plunging to around $48,000 before rebounding to the $61,000-$62,000 range. This rapid movement has left many investors concerned about the stability and future of their crypto assets. Why is Bitcoin's price falling? The recent drop in Bitcoin’s value , along with declines in the broader equity market, can be traced back to several macroeconomic factors :  1. Weak economic data Weak economic data from the U.S., such as disappointing job reports and high inflation , has contributed to a shift in market sentiment. Investors have become more risk-averse, leading to declines in speculative assets like cryptocurrencies. 2. Interest Rate Hikes The Bank of Japan's surprise announcement of interest rate hikes has also weighed on Bitcoin and other crypto prices. Higher interest rates make holding cash more attractive relative to riskier assets. The U.S. Federal Reserve has also been raising rates aggressively to combat inflation, which has put downward pressure on Bitcoin . 3. Shift to Risk-Off Sentiment As a speculative asset class, cryptocurrency is especially sensitive to changes in market sentiment. When economic conditions deteriorate, investors tend to shift to a "risk-off" mode , selling riskier assets like Bitcoin in favour of safer havens like the U.S. dollar. This shift in sentiment has contributed to the recent crypto market downturn. 4. Leverage and liquidations Many crypto traders use leverage to amplify their gains. However, leverage also magnifies losses. When the market moves against leveraged positions, it can trigger rapid liquidations, driving prices even lower. The use of leverage has intensified the recent price drops in Bitcoin and other cryptocurrencies. Bitcoin’s Market Fundamentals and Future Despite Bitcoin’s recent market turbulence, some investors remain optimistic, seeing the dip as an opportunity to buy. The fundamental reasons for investing in Bitcoin —such as its potential as a hedge against inflation and its limited supply—are still strong. However, it’s crucial to recognise that Bitcoin’s market dynamics are still heavily influenced by sentiment and macroeconomic factors, making it difficult to evaluate using traditional financial metrics. There has also been discussion about the possibility of countries adopting Bitcoin as a strategic reserve, a concept that has already been embraced by some companies. While technically feasible, this idea introduces new risks and challenges, particularly in managing the security of such assets. Bitcoin’s Price Outlook Looking ahead, Bitcoin’s price may continue to rise, particularly if positive developments in the global cryptocurrency market coincide with the upcoming U.S. election. Historically, Bitcoin has shown a pattern of reaching new highs after surpassing previous records. However, investors should remain cautious, as geopolitical events could significantly impact Bitcoin’s price. For more in-depth insights on the current state of crypto, I decided to ask Tokenize Malaysia’s  CEO why Bitcoin prices haven't pumped to the moon! Watch the full video here .  Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.