Shark Tank investor Barbara Corcoran doesn't believe in diversifying
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Even though everyone knows about Chinese New Year, many have never heard of Li Chun and its significance in Chinese culture!
The Chinese calendar divides each year into 24 solar terms, with Li Chun marking the first day of the first solar term. In other words, it’s the beginning of spring.
In ancient times, farmers would pray in hopes of a bountiful harvest and sow the very first seeds of the year.
Today, this symbolic practice has evolved to “sow” cash into bank accounts instead, with the same hope that your finances (like crops) will reap a good harvest and garner steady income throughout the year.
When to deposit Li Chun:
This year, Li Chun is set to take place on 4 February 2023, specifically at 10.47am.
Depending on your Chinese zodiac sign, the exact “extra” auspicious time to deposit your money differs.
But in general, these are considered auspicious time slots to make Li Chun deposits:
4 February 2023:
9AM - 5PM
7PM - 9PM
5 February 2023:
1AM - 7AM
That's why you might have seen the long queues at banks. Beat the hassle of going to your bank by just doing an online transfer if you want that extra "ong"
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We're always getting messages about always eating healthy but there's nothing wrong with eating what you love in moderation if that's what makes you happy. What's your favourite cheat day food?
2023 is the Year of the Water Rabbit. The Water Rabbit is said to have the ability to turn unfortunate events around. It’s a great time to focus on our finances and work towards increasing our income. What are you doing to make the most of this year?
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Are you a stay-at-home parent or a full-time caregiver? Maybe you married a multi millionaire and you spend your days reading or choosing your where to meet your friends for lunch after dropping the kids to school. If you’re someone who works inside the home, that means the bulk of your job involves caring for others.
But with recession fears on the horizon, how do you prepare? Here are three ways you can do just that
1) Keep a close eye on your finances.
Know where your money is going whether it be for bills, school tuition, groceries, laundry or entertainment
2) Seek additional or temporary income
You might have a knack for finding great antiques and know people who collect them. You could turn your hobby into a money maker
3) Be wary of get-rich-quick schemes
You might have a spare $50000 lying around and a friend gushes to you that she made double that amount after investing it for a week. If it sounds too good to be true, it most probably is. Meaning, it is a quick way to make you lose your money as fast as you make it
Got other tips to share? Comment below!
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