The Financial Health Insights - Reduce Money Stress, Live Well Today & Tomorrow

Discover why understanding our net worth is crucial and how our Net Worth serves as a cornerstone of good financial health.

In the 2nd episode under the Financial Health Check Series, Kevin Neoh shares insights on how you can do DIY your own Net Worth Statement with the template and extract key information from your Net Worth Statement to assess your financial health.

This episode provides practical steps to calculate and assess your net worth, along with strategies to improve it, continuing the series to help you gain quality, personal and important information related to your financial health.

The financial health check series will continue with the next episode covering another pillar, Financial Resilience. Tune in for insightful tips and start improving your financial health today.

Resources:

Discover why good financial health is crucial and how to assess your own financial stability. 

Kevin shares his personal experiences with financial health checks and highlights the pitfalls of comparing oneself to others. 

This episode provides practical steps to evaluate and improve your financial stability, setting the stage for a series that will cover other critical aspects of financial health. 

Tune in for insightful tips and start building a strong financial foundation today

Resources:

⁠Financial Stability Assessment (Qualitative)⁠

⁠Financial Stability Worksheet (Quantitative)⁠

Episode: How mindful spending support us to live well today

Episode: Money and Happiness

Episode: 4 Steps to Guilt-free spending through the Profit-First System

Join us in this episode as we discuss about the impact of rising medical insurance costs on our wallet.

We'll break down why our premiums keep going up and share four simple options to handle these expenses without breaking a sweat.

Listen now to protect your financial health in the face of rising medical bills!

Have you ever found yourself stressed about

In this episode, we will discuss how we can through 4 steps to manage our money better, reduce financial stress, and enjoy spending without guilt (yay!).

I will share with you the popular Profit-First methodology and provide you with actionable steps to take control of your finances today.

Start listening.

Start Sharing.

Start Transforming Your Relationship with Money!

As we navigate the challenges posed by rising prices, it's crucial to explore effective strategies to safeguard our finances.

In this second episode of our Inflation Series, we'll delve into practical ways covering spending and investment options; as we thrive to minimize the impact of inflation on our daily lives and long-term financial health. 

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The amount of goods we can buy today has decreased tremendously as compared to years ago.

This is what we know as inflation. 

It can be hard for persons on fixed incomes or in professions where earnings do not rise in tandem with rising prices.

Therefore, it can be essential for us to re-assess our financial health to cope with higher cost of living.

In this Part 1 of the series, we discuss about what is inflation, what causes it, and in what ways it affect us.

In this episode, we explore the question of whether money can buy happiness, the relationship between money and happiness, and how to use money to increase our joy.

Through this episode, listeners can also find out 5 ways we can spend our money to help us potentially increase our level of happiness.

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Join Certified Financial Coach Kevin Neoh on this episode of Financial Health Insights as we delve into the critical topic of emergency savings.

Learn why having an emergency fund is essential, how much you should aim to save, practical strategies for building your fund, and where to keep it for easy access. Discover how to maintain your fund and ensure you're prepared for any financial surprise.

Listen to this episode to find out how we can improve our financial health with emergency savings and lower our financial stress, financial anxiety so that we can start live better today!

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Do you think that financial advice is expensive?

I do agree that financial advice is expensive, and it can be costly especially when we are on the wrong side of receiving it.

If a patient has been advised to take a medicine or treatment plan that not only will not relieve their symptoms but further compound their issues, then that's indeed very wrongful and expensive advice.

In this episode, we discuss this notion as I share a real-life story.

Have you ever received advice that surprises you in a way that is not pleasant? I was hoping you could share with me by sending a message to me.

In our upcoming episode, we delve into the recent restructuring of EPF accounts, set to take effect on May 11th, 2024.

This transformative change introduces a third account and redefines the existing accounts to enhance flexibility and financial empowerment for EPF members.

Join Certified Financial Coach and Financial Planner Kevin Neoh to explore the key changes, their implications on financial health, and strategies to nurture better financial health and reduce money stress.

Share with us what you think too?

If you have any questions, you can send Kevin a message here or from LinkedIn.

Here's the link to the resources / references mentioned:

1. https://www.kwsp.gov.my/member/life-stages

2. https://www.cnbc.com/2019/11/29/use-financial-psychology-to-crush-those-saving-goals.html

3. https://theedgemalaysia.com/article/epf-revises-basic-savings-target-rm240000

4. https://www.kwsp.gov.my/w/epf-account-3-info