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IN recent weeks, global markets were roiled by the mere mention of a four-letter word, debt. From China’s Evergrande Group’s near collapse, as it sat on a mountain of liabilities, to the United States government’s need to raise its debt ceiling.
WHICH debt of yours is good and which is bad – this is something you ought to ask yourself.
MANAGING your money can be overwhelming if you do not know where to start and this has caused many people to simply ignore their finances. However, proper financial management is essential if you want to enjoy financial security, and ultimately, financial freedom. If you are among those who are unsure of how to manage your finances, the following are some ways to help get you started.
A FRIEND recently lamented that he had to pay for Real Property Gain Tax (RPGT) after selling a condominium he bought 10 years ago. The capital gain was meant to fund his son’s tertiary education.A FRIEND recently lamented that he had to pay for Real Property Gain Tax (RPGT) after selling a condominium he bought 10 years ago. The capital gain was meant to fund his son’s tertiary education.
BEING a teenager, my granddaughter started to pick up interest on how the economy works, what are the real assets and liabilities in one’s financial planning. As the topic itself can be slightly “dry”, I made an attempt to discuss it in a way that was easier for her to digest.