Money Master Game
Stella Kreuter
My Money Master Sdn Bhd was incepted in 2000 and is licensed under the Money Services Business Act 2011 (money services business license bearing no. 01403) to offer and provide money changing services in Malaysia. Given that our products are generally volatile in nature and may be adversely affected by political, economic, policy, social, regulatory and other developments in Malaysia and other countries, you are exposed to currency risk which may consequently lead to unanticipated gains or losses. In this respect, you are encouraged to conduct your own evaluation or seek professional advice to assess and understand the level of risk before purchasing our products.
This website is owned and operated by My Money Master Sdn Bhd and is aimed at providing visitors and registered users with information of the latest foreign currency rates, including the historical and comparison exchange rates charts. Our website uses cookies to enhance your experience while you surf our website. By continuing to browse our website, you agree to our use of cookies. Kindly refer to our terms of use and personal data notice for further information on the usage of our website and our manner and purposes of collection of your personal data.
We are required under the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Sector 3 for Money Services Business to conduct customer due diligence on our customers and persons when we provide money changing and wholesale currency services involving an amount equivalent to RM 3,000.00 and above or if we have any doubt or suspicion on the information provided by our customers or the transaction, regardless of the amount transacted. In this respect, we reserve the right to request for your personal information and supporting identification documents before accepting and performing a transaction.
Should you require further information or clarification on our products and services, please contact us via the e-chatroom or e-form on our website or write to us at sup...@mymoneymaster.com.my
The money exchange or the foreign exchange market is a global decentralised market for trading the currencies. This include all aspects of buying, selling and exchanging currencies at current or determined prices. We deal with more than 30 most popular currencies and we provide our customer a comfortable currency trading zone where they can get the best rate by either single or multiple currency exchange.
Featuring live exchange rate chart which provide the best and up-to-date rates from the most popular currencies without commission and service charges. We are specialized more in obscure currencies which are hard to obtain from high street suppliers. We are willing to provide with the most competitive exchange rates on all your holiday, travel, commercial and business needs.
Become the insider: Know the rules before you get in the game. There are many myths surrounding the investment game and these myths are marketed to keep the general public in the dark. High-cost mutual funds are just one problem. It is unrealistic to think that there is a trick or a secret to beating the market. High-cost managed funds rarely beat the market. In fact, from 1984 to 1998, a full 15 years, only eight out of 200 fund managers beat the Vanguard 500 Index. Investment fees associated with actively managed mutual funds are no small price to pay. They can add up to you giving away up 50 to 70 percent of your nest egg. You can take control of your retirement and investments by visiting www.PersonalFund.comfor a cost calculator to help in selecting and managing your investments.
Make the game winnable. Figure out what annual income you need to achieve financial security. The average U.S. household spends their money on housing, transportation, food, insurance, utilities, clothing, healthcare, entertainment, and education. What amount do you need annually to cover your needs? According to a 2014 Princeton University-University of Chicago study, 40 percent of Americans say they could not come up with $2,000
if they needed it. Having an emergency fund is necessary to get you through the unexpected losses that can arise in life. Beyond that, getting into a position where your mortgage is paid off, your utilities, food, transportation and insurance costs are covered, places you in a position to win.
Make the most important investment decision of your life. Make the commitment to diversify and know where to invest to maintain your wealth. There are many choices for investors from annuities and bonds to the stock market and CDs. It is important to know the fees, penalties, limitations, and benefits of each of these investment opportunities. For example, bonds have gotten a bad rap because the federal government has kept interest rates low. However, most experts recognize bonds as the foundation for a portfolio that can work well in all economic climates. Annuities can work as a pension plan if done correctly; however, the fees and penalties associated with many annuities, makes them a bad investment. It is up to you to take control, do your research, and uncover the right investment tools.
There are four things that move the price of assets: inflation, deflation, rising economic growth, and declining economic growth. When higher than expected growth takes place, higher than expected inflation will soon follow. When lower than expected growth takes place, lower than expected inflation will follow. According to Dalio, there are four economic seasons and you need the foresight to invest today for what tomorrow brings by paying attention to the economic indicators that are a part of your everyday life. The All Seasons strategy is:
Just do it, enjoy it, and share it. Robbins summarizes this interesting book in a way that inspires the reader like only he can do. He encourages readers to learn about technological trends and to use these trends to take control of their investing future. While our problems come in waves, so do the solutions to those problems. Robbins inspires his readers to get knowledgeable, take control, and give back.
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The PowerPay Money Master Online Course is designed to teach real-life money smarts regarding your personal financial vision, money personality, tracking expenses, budgeting, managing debt, understanding credit, and saving money. Bonus module topics include insurance, investing, and homeownership.
Honestly, I stopped doing New Year resolutions years ago. It was not a good use of my time and I did not commit to it enough to sustain it the entire year. Maybe it was because my resolutions were too general, i.e. save money, lose weight, go back to school, etc. I did not set S.M.A.R.T. goals (Specific, Measurable, Assignable, Realistic, Time-related), I did not have an accountability partner, and I did not have a good enough reason to adhere to the resolution other than it sounded good.
I soon replaced the resolution habit with creating a vision board. I set aside time to gather my materials, get together with my girlfriends, then cut, arrange, and paste my images on my board. The vision board was hung on my door or wall after I completed it but soon it became invisible.
Finally, I pulled out my calendar and began to write my personal and financial goals on paper and the calendar with a reason for wanting to reach the goal and tasks to complete weekly. So far this method works for me and I believe it can work for you when we frame it as a Money Master Plan. We essentially capture two goals in one beautiful net; setting strategic goals and efficiently managing your money.
Keep in mind that a Money Master Plan is more than a budget. It is a strategic plan for the year to manage and grow your money. You make projections about how much money you will earn, how much you will spend, how much you will save, and how much you will share. It includes a debt repayment plan, an emergency fund, improvement plans, vacation and education plans, and anything else you want to accomplish. Your plan can be a 1, 5, and/or 10-year projection.
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