Meshio.com

I am a firm-believer that without responsibility nor accountability, nothing much gets done. Or they don’t get done very nicely.

So it is with personal finance management. Just as much as we are responsible to our work, to the welfare of our family members, and to our health, we are also directly responsible to the well-being of our own finance. We should be in charge of our own cash-flow and balance sheet, in short, we are our own Finance Minister.

At times, we might need to hire a Deputy Finance Minister, this person can be a good friend whom you really trust and respect for their finance-related advices, but in the end, you should be the one that hold 100% accountability in your own personal finance regime. Even debt management, if not taken seriously, can be a serious loophole in building the lifestyle you want.

We might not need to understand how every financial products in the world works, but we should be always concerned about the figures that affect our daily lives, such as interest rates, economic outlook, and even geopolitical issues.

This might seem like a lot of information to digest, but you might be paying even more dearly for mis-information.

At this point of time, who’s managing your money for you? Your parents? Your spouse? Or your banker?

• Income Replacement
• Fee-based or Commission-based?
• TNB Profits, Whose Loss?
• Wreck Your Worries
• links for 2007-08-01
• Doctors Going Freelance Mode
• The Financial Crisis's Sacrificial Lambs
• links for 2008-05-14