Your Money, Your Life: Recent Episodes
Kevin Neoh, CFP
This is a personal finance podcast created to help you take control of your money so you can live the best life you want.
What is unique about this podcast is that we don't just talk about money alone, since it is just a mean towards the end goal. We believe that money is here to help us live the life we want, not the other way around.
Hosted by multi-award winning Certified Financial Planner, Kevin Neoh, who has a strong belief that there's more to life than just money.
It is suitable for you if you want to enhance your life and be at peace with your personal finance.
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
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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!
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Have you ever found yourself stressed aboutmanaging your money, wondering how you can spend without the guilt, and still save effectively?
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!
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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.
Resources:
- Inflation & Financial Health - Part 1
- How Mindful Spending Support Us to Live Well Today
- 3 Steps to Better Financial Health When Investing
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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.
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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.
Resources:
- https://www.purdue.edu/newsroom/releases/2018/Q1/money-only-buys-happiness-for-a-certain-amount.html
- https://www.cnbc.com/2023/03/28/how-your-salary-affects-happiness.html
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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!
Resources:
- Reports on Malaysian struggled to come up with RM 1,000 to cope with emergencies
- Reports related to Emergencies and Debt Traps
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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.
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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:
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https://www.kwsp.gov.my/member/life-stages
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https://www.cnbc.com/2019/11/29/use-financial-psychology-to-crush-those-saving-goals.html
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https://theedgemalaysia.com/article/epf-revises-basic-savings-target-rm240000
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https://www.kwsp.gov.my/w/epf-account-3-info
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Are you living well today? What do you need to consider you are living well.For some people, spending can help bring a sense of happiness, but for some, spending may bring about a sense of guilt, shame or stress too. In this episode, we will examine how we can practice mindful spending to support us in living well, and how we can spend without compromising our peace of mind and future wellness. --- Send in a voice message: https://podcasters.spotify.com/pod/show/kevin-neoh/message
Recent headlines full of topics like gold, cryptocurrency, certain stocks or sectors becoming ‘hot’ or seen remarkable growth.
This may have caused many people who were previously sitting on the fence about investing or putting money into certain speculative assets to fear that they are missing out on a golden opportunity to make more money.
When we are overly optimistic about something due to our past pleasant experiences, or certain trend, we tend to subject ourselves to overconfidence bias, as well as recency bias.
In any case, I think that this may not necessarily be good for our financial health. This episode is about why we have to give ourselves some space and 3 steps we can take to protect us from the emotion of fear of missing out.
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Welcome back after a hiatus of nearly 2 and a half years!
I am relaunching the podcast and rename it to "The Financial Health Insights". The idea around this is that through the contents, I wish to support people to reduce money stress, so that they can start live better today and tomorrow.
So much has happened over the past couple of years. The world is changing, the way we work is evolving, financial market is also constantly going through changes as we live each day; one thing does not change is people are having too much on their plate when it comes to stress.
One of the major source of stress is about money. Money is so important in our life that it has constantly stay as the top major stress for us. When we have high financial stress, it is likely that this will affect other areas of our life over time.
Hence, it is indeed timely and important for us to start placing our attention on how to nurture, and keep good financial health for ourselves.
If you have any feedback, questions, suggestions, or you would like to work together or suggest someone to come to this podcast, let me know.
I can be reached at kevin@nextgenadvisors.my.
We can also connect on social media.
LinkedIn: https://www.linkedin.com/in/kevinkmneoh
FaceBook: https://www.facebook.com/kevinkmneoh
TikTok: https://www.tiktok.com/@kevinkmneoh
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Our decisions towards money in our everyday lives are in fact driven by our money mindset.
Have you wondered what kind of money mindset have you been following so far and how has this helped you towards achieving your goals so far?
Since this is something that is influencing us in the background, if we can touch up it, change it, we may be in to change our life altogether.
In this episode, I am joined by Woon Bing, who is also a Financial Planner and he will share with us what is money mindset, and what is the 3 ways that we can improve it in becoming supportive of us to pursue our lifegoals.
Today's the International Women's Day and the theme for this year's #IWD is #ChooseToChallenge. We all have important women in our life and for me, it definitely starts from my Mother, my Wife, and I have many Aunts and Cousins who have been very loving and caring towards me. In line with the theme, I choose to challenge a topic that is close to heart of many but perhaps it carries a unique set of challenge for those whose gender are Female. In this episode, I am joined by guest, Ms. Vivian Chin, who is a CFP (Certified Financial Planner) Professional, IFP (Islamic Financial Planner) holder.Vivian is passionate about helping people to live their desired live NOW, not wait until later. She helps people to see the bigger picture and how money can be used to improve how we live, as opposed to waiting for us to have 'enough' only start to try to live the ideal life.She is a believer of comprehensive financial planning, which emphasize on having a good foundation from adequate emergency fund, appropriate risk management and medical safety net, enjoy our life, while not losing sight on our long term goals at the same time.Through our conversation here, Vivian share with us her personal as well as professional experience related to pursuit of financial freedom, especially zoom into the set of unique challenges that typically faced by women in general.You can connect with Vivian through her LinkedIn profile, where she regularly share thought-provoking and insightful contents related to life, as well as better relationship with money.Vivian's LinkedIn Profile: http://bit.ly/VivianChinLinkedInWomen's Aid Organization: http://bit.ly/WAOmalaysia
In this episode, I am joined by Ms. Linnet Lee, CEO of Financial Planning Association Malaysia (FPAM), who will share with us some insights from consumer awareness for financial planning survey that was published earlier this year.She will also be sharing on some pointers on where we can get help when we are dealing with the stress that are brought by financial issues, and what people should aware of when they 'extract' information and contents from the internet.As we wrapped up the session, Linnet also gave out some guidance to consumers who were dealt with a bad hands during this rocky year.#Covid19 #FinancialPlanning #Money #PersonalFinance
In conjunction with World Financial Planning Day (7th Oct 2020), Your Money, Your Life is launched to bring you contents that covers personal finance and life.
In this pilot episode, I talk about the reason this show is named Your Money, Your Life, and what are the 2 mindset we typically tend to view our relationship with money is.
In the first mindset, we view money as something that we need to live a life that is align to what we want for ourselves; while the second mindset is when we place money at the center stage and we plan our lives around it, in this situation, we live for money, and that is why we see people chase after money.
We also touch on the idea of 'more money = more happiness', and how we can avoid living for money.