3-6 months of you salary. Yes, just this much. This is what we call a cash buffer - an amount that should cover your 1.) monthly cash flow needs like paying your utility bills, and any 2.) emergency needs like medicine in case you get sick or if a family member unexpectedly borrows money from you. You should always have this much liquid amount which is why it is best to put it in the bank. Anything in excess of this...

I know a lot of people who want to invest but have none to little knowledge about it. Having graduated from business school with enough knowledge on investment concepts and actually investing already, they ask me to talk them through it and give some tips, which I was very willing to do so. And that's when I realized this as a calling of mine - to educated people on investments and financial planning. And in order to reach more people,...

There are 3 basic instruments when it comes to invesments. On which instrument to invest depends on your investment goals and risk appetite. You need to understand the behavior of each instrument in order to manage your expectations on investment returns and risk. I have lots of friends who want to know more about these instruments but never could find something online that's easy to understand. And these friends of mine don't have...

As financial needs are very specific, life insurance policies have become highly customizable. Below are the points you need to be aware of in order to formulate a policy that can best address your needs. Don't rely soley on what your insurance agent tells you. They earn from commisions and therefore have interests that conflict your's. Review these items before you see an agent so you are knowledgeable of what you are commiting...

A lot of people think of life insurance as an expense and thus would rather place their money elsewhere like on savings or investments. However, insurance is indeed very important and an essential part of financial security (to know more about financial security, click here). But insurance usually have very conservative returns and most young people who are unmarried and no children don't see the value in it yet. Due to this, insurance...

Just watched Invictus directed by Clint Eastwood starring Morgan Freeman and Matt Damon. Great movie! I want to share with you this haunting and powerful poem the movie was named after, Invictus, written by British poet William Ernest Henley. This poem is Nelson Madela's favorite and served as one of his greatest inspiration and source of power during his 29 years of prison before his presidency. When he became President of South...

There are just those days when it's hard to get out of bed. And don't we all have experienced that nerve wrecking moment when your boss told you not to be late for tomorrow's  very important meeting at 9:00 am and you wake up the next day and it's already 8:45? If you're late, superiors and peers always assume you're not that serious about your career and we don't want that kind of impression at the workplace. Check out these innovative...