He can retire now & afford his daughter’s RM300k education fund-KC Lau

Sumber:http://kclau.com/make-money-tips/retire-now/
Below is another case study I’ve done for a reader. This is the email I received from him.

Dear KC,
I will be 40 years old soon. I am married with a 10 years old daughter. My wife is same age as me, she is a housewife. I have very little knowledge about the profession of financial advisory as retirement always seem far and away. Reading your book awakes me to the importance of financial planning and the quality of life.
My asset as bellow:
1) House (own stay) - Market value of RM800K with RM470K loan outstanding.
2) Second house tenanted at RM850/month. The market value is RM300K with no loan.
3) Share holding of RM840K, all invested in KLSE.
4) EPF RM460K.


Could you please advise if I have saved enough to meet the following requirements?
1) Do I have enough for retirement with monthly income of RM6500? I plan to retire as soon as possible. I will still continue to work after retirement but it would be nice not have to work for money.

2) Education fund for my daughter at about RM300K current value. The education fund is my second goal. It is up to my daughter where she chose to study. I hope to have the resources available if needed.

3) I do not have any insurance except those provided by the employer. Please recommend basis insurance requirement after retirement. Currently the employer provides PA & medical for family. No coverage upon cessation of employment. Should I take up medical insurance upon retirement? How much is sufficient for the family?
I plan to sell the second house and invest the proceeds in equity for higher return.
Thank you.
Ron

Retire with monthly income of RM6500

To retire now with passive income of RM6500/month (78,000 per annum), assuming that the average annual return of 8%, Ron would need to have an investment portfolio of RM975,000.

Looking at Ron’s current asset:
- Share holding of RM840k in Bursa Malaysia
- Second house of RM300k
- EPF RM460k

His total assets are RM1.6million. Let’s exclude EPF from the portfolio, he still have RM1.14 million. To get RM78k return per annum from RM1.14 million worth ofinvestment assets, he just needs to generate 7% return.
His retirement need is met in this case. To generate a 7% return per annum, it is pretty much achievable with the right mix of asset allocation.

Ron mentioned that he plan to sell the house to be invested in equity. But I wouldn’t suggest that because of several reasons:

1. If all his money is invested in equity, it is like putting all your egg in the same basket. Unless he is very good in stock picking and knows what he is doing. Warren Buffett invests almost all hismoney in stocks and he takes care of his portfolio really well.

2. His second house is giving a return of 3% per annum [RM850 x 12)/300k], which is much lower than the required return of 7% per annum. But properties appreciate over time. Another option is to refinance the house in order to withdraw more capital to be invested in the stock market. Doing this, he can still grab the full return when the house appreciates, while he is making money in the stock market and only paying low interest charges to the bank.

Anyway, there is no absolutely right answer for this. If Ron knows stocks very well compared to real estate, he can definitely sell the house and make moremoney from stock using the same amount of capital.

As a conclusion, Ron can retire already!
Education fund of RM300k

Since Ron’s daughter is only 10 years old, she will only need the large amount of education fund maybe 8-10 years later. At that time, Ron can withdraw his EPF account 2 for his daughter’s education fees.
Insurance Planning for retirement

Basically, Ron would need to get his family well-covered with insurance protection to prevent any unforeseen illness. Since Ron can afford to retire now, if he chose to stop his employment, it is advisable to get his personal insurance coverage effective.

There are 5 categories of life insurance coverage:

1. Personal Accident plan – this can be purchased from general insurance companies and also online at Tunemoney.

2. Hospitalization and surgical benefit – this is the medical card we often talk about. Most medical card cover until age 80 with adequate lifetime limit. It depends on the hospitalization package you prefer. I would suggest to get a lifetime limit coverage of not less than RM300,000 per person.

3. 36 critical illnesses – For a person who is actively earning money now, I suggest to be covered at least 3 times of your annual income. But for a retiree, probably RM100,000 would be enough just to fund the nursing care and some outpatient medication. Most of the major medical fees are covered if you have a medical card.

4. Total Permanent Disablement – This benefit is included when you are covered for 36 critical illnesses.

5. Death benefit – This benefit is also included when you are covered for 36 critical illnesses. For a retiree, death benefit is not so important compared to those actively working adults who are the breadwinners in their families.

You can allocate 5-10% of your income for insurance planning. Normally it is adequate to get your family well covered. In Ron’s situation, he can allocate about RM400-600/month for insurance planning.

Ron, well done!

You are doing a lot better than majority of the population at you age.

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Buy term and invest the difference

This insurance buying “philosophy” has been preached many many times by some of the top personal finance gurus and authors, especially those from foreign country. What I am talking about is the technique of buy term and invest the difference (BTID).

I haven’t written anything about it, yet. Mooi (a blog reader and a regular forum contributor) actually asked this question in the forum. There is a very interesting discussion. You should really take a look at the forum post about what we’ve discussed so far. In this post, I will share my view about the reality and practical part of making use of this well-known strategy.
Story about Jack and Marry

Jack and Marry are husband and wife. They just got married and felt that they should insure themselves with proper life insurance policies.

Jack told the agent,”I want to pay the lowest premium to get the highest coverage.”

Agent replied,”You should buy a term policy.”

Marry disagreed,”I want something that gives return. I don’t want to pay premium and get back nothing at the end!”

Agent said,”Whole life assurance plan provides some decent saving. So Jack, whole life or term?”

This is a usual dilemma. I won’t say who’s right or wrong. They just have different opinion.
What’s Buy Term and Invest The Difference

Let’s say you can afford to buy a whole life participating policy which requires RM5000 annual premium. In order to get better value out of yourmoney, you can instead buy a term insurance with exactly the same sum assured, and use the extra money to invest.

In other words. You can use RM2000 to buy only term insurance, not whole life plan. And the other RM3000 can be invested to get better return.

This strategy is based on the believe that you can invest better on your own instead of relying on the insurance company to give you mediocre cash bonus return.

BTID emphasize on paying the least amount of insurance premium possible, and use the monetary difference to save and invest. If you are paying too much for insurance, there is not much left for investment.

In long term, say 20-30 years later, you might have invested enough and become wealthy. Then insurance is not an issue anymore because you are already rich! You don’t really need insurance when you are rich right? This is the concept behind BTID.

I don’t agree with this statement completely because I know the richer a person gets, the more insurance he buys. This is a fact, not an opinion. I will share more about this other time.
How do you do it in Malaysia?

The financial industry in Malaysia is still many years behind those developed nations.

Unlike in the developed nations such as US and UK, the term insurance in Malaysia is not really cheap. I checked with some online insurance websites, the term insurance selling in the US and UK is much cheaper. The premium is 20-30% cheaper than a term insurance available to Malaysian.

However, there are some other options to choose from, such as group term insurance, probably offered by unit trust companies, or through some association of private companies which is exclusively for employees and members only. And there are also some disadvantage of insuring yourself under a groupterm insurance. Some plans premium can be revised. Some may require good health at renewal. And these kind of plans are not easily accessible.

To buy cheap term insurance online, we would still have to wait. I don’t know how long it’s going to take. Until the day you want to buy insurance spontaneously (without agent sale-pitching you), probably insurance companies will cut the premium because they can reduce the commission paid to insurance agents.

When you are able to get sufficient coverage by paying the least amount of premium, the extra money you saved should be invested wisely.
Term insurance or Investment-linked?

Based on the Great Eastern Gelsis quotation software version 5.05, a male life assured aged 30, buying an insurance plan with sum assured of RM250k (Death and Total Permanent Disability benefit only), would need to pay

1. Term Assurance (30 years)
- annual premium - RM1617.50
- cash value after 30 years - NIL
- total premium paid - RM48,525 in 30 years

1. Investment-linked Policy - Greatlife Portfolio
- annual premium - RM1200
- cash value after 30 years - range from zero to RM20k (very much depends on investment return)
- total premium paid - RM36,000 in 30 years

In my opinion, there are no such “cheap” term insurance in Malaysia. The best term insurance you can buy is to package the investment-linked policy in such a way that it gives you maximum coverage on the lowest premium paid.

Yes, it can be done. Of course there is some risks to take on buying an ILP. But it can be overcome by proper strategy, which I shared previously how to avoid investment-linked policy from being lapse.
Pros and Cons of buying term and investing the difference

Pros:
1. When you are able to save insurance premium, you shall have more money to invest

2. You will have more control of your investment.

Cons:

1. It is almost impossible to get total coverage.
Let’s say you earn RM50,000 a year. 20 years down the road, you will be able to earn at least a million ringgit! It makes sense to buy a million ringgit policy now! The premium is RM6470 (30 years old, term 30 years). Can you afford it? If yes, would you buy it?
In practical, some other very useful rider can be added to meet the shortfall, such as the investment-replacement feature and the income-replacement rider. It is not so simple of just buying a term policy. You should ask a trustworthy agent to plan for you.

2. Some people are not disciplined.
Instead of buying term and investing the difference, some people spend the difference!
How about Jack and Marry?

I would say that different plan suits different people with different values.

Jack learns a lot about investment and he can pretty much handle his investment portfolio well. Then for Jack, to buy term and invest the difference totally make the best sense!

But Marry don’t like about investment. She fears losing money. She even trembles when people talk about share trading. She thinks that it is gambling. Furthermore, she can’t see the “money” sitting in the bank because she would most likely spend it. In this case, locking her money in an insurance plan is really beneficial to her.

How about you? Do you think buying term and investing the difference is your cup of tea?

Sumber:http://kclau.com/insurance/buy-term/

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Bila merajuk jadi budaya

Merajuk telah menjadi budaya manusia

Budaya yang sama-sama manusia tidak mahu

Tapi sama-sama membudayakannya

Budaya merajuk itulah yang menyusahkan manusia

Yang menjadi racun di dalam keluarga dan di dalam pergaulan mereka


Banyak kerja terhalang, tidak kurang kerja terbengkalai dibuatnya

Banyak kerja tidak sempurna, diganggu oleh budaya merajuk

Buat itu tak kena, buat ini tak kena, serba terganggu, merajuk menghantui perasaannya,

Setengah jiwa yang terlalu lemah, jiwanya merana...


Budaya merajuk ini berlaku setiap hari,

Di dalam rumahtangga, di tempat kerja, di dalam parti.

Bahkan lebih sedih, di rumah Allah berlaku juga.

Tidak ada akta dan peraturan yang boleh membendungnya

Justerulah akta dan undang-undang tidak dilagang.

Penyakit merajuk ini dia serang tidak pilih orang.

Semua golongan bisa diserang.


Budaya merajuk ini mudah saja terjadi

Suami lambat balik pun isteri masam muka, hilang manisnya

Layanan kepada suami pun dingin sahaja,

Belum lagi suami berkahwin dua !

Merasakan diri tidak dihormati, pertengkaran pun terjadi, adakalanya sampai mati!

Suami pula terpelengok, pun merajuk sakit hati, sebagai tindakbalas terhadap isteri...


Ibu bapa pun selalu merajuk, tersinggung dek anak-anak yang berbagai kerenah

Anak-anak lambat ziarah atau lambat menerima surat atau memberi pendapat

Tidak senang sahaja, marah-marah sahaja, merungut-rungut dan membebel tidak tentu hala

Apabila anak-anak balik kerut mukanya, bila ditanya diam sahaja,

Tidak kurang juga ada yang menyergah macam singa!

Di pejabat-pejabat ada staf-staf merungut tidak habis-habis

Merasakan tertekan oleh majikan, kerana terlalu banyak kerja

Atau gaji tidak seimbang dengan kerja, majikan tidak dihormati lagi

Di belakang dikata-kata dan dihina, ada yang terus lari dari kerja

Majikan pula susah hati, merajuk pula, marah-marah kepada staf-stafnya

Adakalanya nafsu gagal dikontrol, maki hamun semahu-mahunya


Merajuk juga berlaku di dalam parti

Setelah jatuh dari jawatan parti oleh undi, tenaga dan pengorbanan dibekukan

Kalau dulu aktif, sekarang pasif. Dahulu cergas, sekarang culas.

Tidak terlantik di dalam pencalonan

Atau digugur di dalam jawatan parti atau barisan pentadbiran

Hati sakit, merajuk pula. Muka pun tidak nampak lagi, membawa diri

Entah mana perginya, kalau mati ada kuburnya

Bila mati barulah media massa membuat berita

Setelah lama menghilang diri dari gelanggang masyarakatnya


Di masjid pun berlaku budaya merajuk

Waktu jadi imam, di masjid setiap waktu, ibarat merpati masjid

Tidak lekang-lekang di masjid, macam rumahnya

Bila jawatan diganti orang, masjid tidak nampak lagi

Bahkan waktu sembahyang pun dia tidak muncul-muncul lagi

Hanya kelihatan pada hari Jumaat, itupun duduk di tepi-tepi

Mukanya masam tidak berseri

Habis sahaja sembahyang tidak sempat sembahyang sunat

Cepat-cepat cabut pergi..!

Orang ramai hairan semua memerhati

Pada tok imam pun boleh berlaku, kata setiap hati...

Marilah kita servis hati di bengkel rohani...

Sumber:http://bengkelrohani.blogspot.com/

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FCPO-Info 2

1. Underlying assets
Perdagangan kontrak hadapan CPO adalah disandarkan dengan aset komoditi sebenar, iaitu kelapa sawit mentah. Malaysia adalah pengeluar kelapa sawit terbesar di dunia.

2. Leverage
Leverage dalam CPO sudah ditetapkan oleh Bursa Malaysia. 1 tick = RM 25. Tiada pilihan leverage yang lain.

3. Two ways market
Keuntungan boleh dibuat semasa pasaran menaik mahupun menurun sama seperti pasaran matawang.

4. Masa
Tidak seperti pasaran matawang, pasaran CPO hanya dibuka pada jam 10:30 pagi - 12:30 tengah hari. Sebelum bersambung pada sesi petang dari jam 3:00 petang - 6:00 petang pada hari bekerja Malaysia.

5. Broker
Semua broker perlu berdaftar dengan Bursa Malaysia / Suruhanjaya Sekuriti dan anda sebagai pelabur dilindung oleh undang-undang. Sila rujuk senarai broker yang disahkan oleh Bursa Malaysia untuk mengelakkan anda terlibat dengan urusniaga yang tidak sah.

Urusniaga masih memerlukan anda menelefon FBR / dealer yang mewakili syarikat broker anda.

6. Real Time Monitoring
Anda perlu membayar sewa kepada pengeluar data CPO yang disahkan untuk monitor harga secara real time charting, tetapi real time price quotes telah banyak disediakan secara percuma oleh syarikat broker.

Dalam bengkel yang akan diadakan nanti, anda akan diajar kaedah monitoring secara manual tanpa menggunakan sebarang software.

7. Deposit Margin
Kira-kira 2 tahun dulu, deposit margin yang diperlukan hanyalah sekitar RM 1,000. Tetapi kadar deposit margin telah dinaikkan sehingga RM 5,700. (Ia berubah-ubah mengikut market volatility) Justeru, anda memerlukan RM 3,000 - RM 5,000 untuk terlibat dalam dagangan secara intra-day (bergantung kepada syarikat broker) dan antara RM 5,000-10,000 untuk position trading.

8. Fundamental & Technical Knowledge
Sekiranya anda sudah mempunyai pengetahuan asas technical analysis, maka anda boleh memulakan urusniaga dalam pasaran CPO.

Dan sekiranya anda terlibat dalam industri kelapa sawit secara langsung dan tidak langsung (seperti anda adalah anak FELDA, pekebun kecil kelapa sawit) maka anda mempunyai maklumat fundamental yang lebih baik dari orang biasa.

9. Syariah Compliance
FCPO telah disahkan produk patuh Syariah oleh Majlis Penasihat Syariah Suruhanjaya Sekuriti.

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FCPO-Intro

FCPO adalah salah satu dari produk futures yang ditawarkan oleh Bursa Malaysia Derivatif (BMD). Ia adalah produk futures yang mematuhi syariah (syariah compliant) yang disandarkan kepada pasaran fizikal kelapa sawit dunia.

FCPO diniagakan dalam Ringgit Malaysia. Satu pergerakan minima harga (satu tick) bagi FCPO adalah RM1 di futures yang membawa nilai sebenar RM25. Oleh itu jika harga FCPO bergerak sebanyak RM5, ini bermakna nilai sebenar kepada trader adalah RM25 X RM5 = RM125.

FCPO didefinisikan sebagai suatu kontrak derivatif (yang diperakui undang-undang Malaysia) diantara pembeli dan penjual untuk menerima atau menghantar minyak sawit mentah (1 lot FCPO bersamaan dengan 25 Tan Metrik minyak sawit mentah) pada suatu masa tertentu di masa hadapan.

Kontrak ini adalah mengikut bulan. Kontrak yang ditawarkan BMD adalah kontrak bagi bulan semasa dan lima bulan berikutnya, di ikuti bulan-bulan seterusnya secara berselang satu bulan, sehinggalah ke bulan 24 yang akan datang. Kontrak akan menjadi matang pada 15 haribulan pada bulan dimana kontrak itu disebut. Contohnya, kontrak bulan Julai 2007 akan matang pada bulan Julai 2007 manakala tarikh akhir urusniaganya adalah pada 15 Julai 2007.

Futures membenarkan kita membeli dahulu dan kemudian jual. Futures juga membenarkan kita menjual dahulu dan kemudian baru membeli. Yang pentingnya, kita melengkapkan urusniaga kita dengan membeli pada harga rendah dan menjual pada harga tinggi; tak kesahlah beli dan jual atau jual dan beli.

Adalah juga penting untuk melengkapkan urusniaga. Kontrak yang diniagakan adalah sah dari segi undang-undang. Jika urusniaga tidak dilengkapkan dan kontrak itu matang, kita wajib meneruskan dengan proses tender fizikal minyak sawit. Dalam kata lain; trader yang masih memegang kontrak belian FCPO pada tarikh matang perlu menerima 25 tan metrik minyak sawit (bagi setiap kontrak) daripada trader yang masih memegang kontrak jualan FCPO pada tarikh matang yang sama.

Trader bebas memilih untuk membeli dan menjual kontrak dari bulan mana-mana sahaja. Namun trader diingatkan bahawa berurusniaga pada bulan yang hampir matang mungkin akan menyebabkan trader terpaksa berurusan dengan minyak sawit secara fizikal.

Jual atau beli kontrak pada bulan yang masih jauh juga boleh memerangkap trader kerana kontrak bulan sebegini, kadar kecairannya adalah rendah. Bila beli, mungkin susah nak jual kemudiannya kerana tiada pembeli. Begitu juga sebaliknya, bila jual susah nak beli kemudiannya kerana tidak ada penjual.

Adalah menjadi kebiasaan trader di dalam pasaran, terutamanya spekulator, untuk berurusniaga FCPO pada kontrak bulan ke tiga. Istilahnya adalah 'benchmark contract month'. Apabila membeli atau menjual kontrak bulan ketiga, ada cukup masa untuk melengkapkan urusniaga manakala kadar kecairannya adalah paling tinggi.

Masa urusniaga FCPO di BMD terbahagi kepada dua sesi iaitu sesi pagi (10.30 hingga 12.30) dan sesi petang (3.00 hingga 6.00).

Kadar margin atau deposit bagi setiap lot adalah ditentukan oleh BMD Clearing. BMD Clearing akan menyemak kadar ini dari masa kesemasa dan mengubahnya mengikut keperluan pengurusan risiko mereka.

Pada masa sekarang, kadar margin bagi setiap lot FCPO telah ditetapkan oleh BMD Clearing pada RM5,500. Walau bagaimanapun, ada syarikat broker yang membenarkan separuh margin (RM2,750) bagi urusniaga singkat (melengkapkan urusniaga pada hari yang sama).

credit to encik kamar's blog
Sumber:http://www.carigold.com/portal/forums/showthread.php?t=84919&page=2

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Year 2010 Malaysia Individual Income Tax Relief Items

Below is the list of tax relieve for resident individual for the year 2010 from Malaysia Income Revenue Board portal.

No.
Individual Relief Types
Amount
1
Self and Dependent
9,000
2
Medical expenses for parents
5,000 (Limited)
3
Basic supporting equipment
5,000 (Limited)
4
Disabled Individual
6,000
5
Education Fees (Individual)
5,000 (Limited)
6
Medical expenses for serious diseases
5,000 (Limited)
7
Complete medical examination
5,00 (Limited)
8
Purchase of books, journals and magazines
1,000 (Limited)
9
Purchase of personal computer
3,000 (Limited)
10
Net saving in SSPN's scheme*
3,000 (Limited)
11
Purchase of sport equipment for sport activities
300 (Limited)
12
Husband/Wife/Alimony Payments
3,000 (Limited)
13
Disable Wife/Husband
3,500
14
Ordinary Child relief
1,000
15
Child age 18 years old and above, not married and receiving full-time tertiary education
1,000
16
Child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities
4,000
17
Disabled child





Additional exemption of RM4,000 disable child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities
5,000
18
Life insurance dan EPF
6,000 (Limited)
19
Insurance premium for education or medical benefit
3,000 (Limited)

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Life insurance

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.

As with most insurance policies, life insurance is a contract between the insurer and the policy owner whereby a benefit is paid to the designated beneficiaries if an insured event occurs which is covered by the policy.

The value for the policyholder is derived, not from an actual claim event, rather it is the value derived from the 'peace of mind' experienced by the policyholder, due to the negating of adverse financial consequences caused by the death of the Life Assured.

To be a life policy the insured event must be based upon the lives of the people named in the policy.

Insured events that may be covered include:

* Serious illness

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.

Life-based contracts tend to fall into two major categories:

* Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance.
* Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the US anyway) are whole life, universal life and variable life policies.

Sumber:http://en.wikipedia.org/wiki/Life_insurance

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Secret Of Property Millionaires Part 2

Secret of property millionaires always remain risk conscious whereby their portfolio is proven workable no matter economy good or bad. Not many people having recession proof portfolio. Recession proof is whereby majority of the assets are having low loan balances or even better if it is free from encumbrances. Yes..Free from any loan and 100% own by you. That means in the event of economy crisis you don’t need to worry about all the repayment and of course spike up of interest rate is not related to you at all. You are basically sitting on the assets especially vacant lands that grow in value day by day like what I mention in my previous articles on “You cannot grow Land”. I have repeatedly mentioned the beauty of owning a land and how the rich’s has benefit from their vacant land portfolio. My advice to all, those who leverage too much with bank facilities must naturalize it by diversify your portfolio into vacant land. I know vacant land can’t give you any cash flow but in long term land has proven to be the best performer in terms of return over your capital. And I also fully aware that you need huge capital in acquiring vacant land but what to do, if you don’t do it now do you think the price will stop rising? The answer is “NO”. Of course another strategy to protect yourself from recession risk is to borrow less every time you purchase property. Say 70%, as this will reduce your monthly commitment and in the event the rental is not coming in, at least you still can cover your low monthly repayment. This will not only protect you from loan default but also help you to save interest cost over the long run.

The last strategy of the property millionaires is to start young. Instead of starting at the middle age of your life, you might as well start now and stop when you reach middle ages. Look at people around you, I bet most of them will tell you they will start next year when they have money. But I can tell you the day will never come simply because as we grow older, our commitment and responsibility will gradually increase together with our earning. Increase in responsibility and commitment simply means increase in our daily expenses. These unavoidable expenses are like housing loans, children expenses, house renovation, marriage expenses and etc. So you have no choice but to cut down all your unnecessary expenses before you are 30 years old otherwise you are “gone”. I assume you are person who take full responsibility as father and husband after you are 30 years old. Don’t ever trade your own life for short term pleasure. Take it seriously as we only walk through our life once. There is no repeat in our life.

With all the above secrets, I can assure you, your destiny to millionaire is clearer and faster. But the main rules to become property millionaires is to start young…with longer time frame you can afford to make more mistakes. So don’t take your life for granted. Everyone here going to be successful if you make it right at the first step and you can even afford to spend all your hard work money if you start young. Look at me, even from today onwards if I decided to stop accumulating property, can I afford to do so? Yes…Why? Remember, as long as I didn’t sell my properties it will continue to grow without much effort. I can start spend every single cent I earned from my employment income enjoying my life especially trip to overseas which I wish to go many years ago. Oh ya..For your information, since I started working 10 years ago, my best trip is only reaching Thailand and that is since 2005.
Only 3/64 pages use after 5 years :(

Only 3/64 pages use after 5 years :(

So ashamed to tell you that I only utilized 3 pages out of 64 for my passport before it expired last year!! Hope coming year I will spend more time travelling around seeing other part of the world to expand my exposure and knowledge. So what more you need to wait? Start now when you are young and I hope all of us will get rich and retire young. Nothing is impossible and don’t forget live below your means. Happy Investing.

Sumber:http://investkk.com/secret-property-millionaires-part-2/

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Assets Class under Property

Asset under property can be divided into few levels. All of them build for different purpose, generating different rate of return, commanding different rental, rented to different tenant and the most important bank charging different interest rates. Which asset class gives you the best return? Which one is most easy to manage? Which commands the best rental yield and fastest capital appreciation? Let’s find out more through my sharing below.

The first asset class that is most affordable to majority of people is residential property. Under this asset it’s divided into 2 parts that is landed property and non-landed property. Bank not only preferred this asset but also giving lowest interest among all borrowing security. Bank always believe that no matter what happen to the economy, borrower will never default their home loan repayment. Thus the risk is lower to them. Among residential property bank would also preferred landed property over non-landed due to subdivision land title risk and time frame for subdivision. It would be more risky to bank if they keep borrowed using assignment document as a security. Imaging if suddenly the developer missing, who going to endorse your document? That is what happen to famous and matured residential known as Austral Park at KK.

Residential property for landed can be divided into 3 parts that is terrace house, semi-detached and detached house. While non-landed property is apartment and condominium. Which one command better rental yield and command highest capital appreciation? Based on my experience, non-landed commanding better rental yield compare to landed due to the facility given. Example condominium provide facilities like 24 hours security, swimming pools, cleaning, play ground, sports facility and sauna. While landed property normally don’t have such facilities. That why the rental yield for apartment and condominium can reach even double digit over your purchase price. In terms of capital appreciation, of course landed property will lead the way. But due to low rental yield you might need to subsidies additional fund to cover your monthly loan repayment. Thus over the long run this negative cash flow will filter your appreciation and this is absolutely unhealthy for beginner who just joining the property games. I personally still prefer non-landed as the monthly rental is enough to cover my loan and very likely going to be positive. This fulfilled my objective of having less negative cash flow portfolio which a lot of people say don’t feed ‘alligator” at your own backyard.

Second types of the asset class is commercial property which includes shop lot and shopping mall units. Commercial loans normally will be charge higher interest rates as bank say since you make money out of your property then you should pay more!! Shop lot is good especially if it is surrounded by massive matured residential property just like Damai commercial centre at KK. All the shop is fully occupied and now commanding rental income of not less than RM3500 per month for ground floor. This area is surrounded by matured Chinese resident which have the most purchasing power. Those who own property at this location can laugh all the way as tenant waiting list is there all the time. Both types of property are capital intensive and of course rewarded with higher rental yield. Initial capital for shop lot for 3 or 4 storeys easily cost you more than RM1 Million with expected 70% of the whole block rental derive from the ground floor alone. These upper floors is having high risk of vacant and generating low rental income. Given choice I would only accumulate ground floor or the most 1st floor under my rental portfolio.

Whereas for shopping mall investment can be totally different compare to shop lot. Developer sell shopping units by square feet you own. Just like Suria Sabah, upcoming high end shopping mall at Kota Kinabalu selling for about RM2800 per square feet for ground floor. So if you purchase 1000sf that equivalence to RM2.8M. The rental expected is about RM20 per sf or RM20K per month!! It’s not my cup of tea yet. One of my customer who own a unit ground floor at Wisma Merdeka many years back now he is well reward for his decision as he is collecting RM36K per month!! So owning both shop lot and shopping units is much better compare to residential as the premises is use for profitability activities. And so long their business makes money its make more sense they pay rental more promptly and on time.

Another asset class that a lot of investor ignores is industry land which mainly use for light industry and warehouse purposes. Under this portfolio your tenant is totally different as they might include tenant like consumer distributor Harrisons, pharmaceutical company, hardware suppliers, car dealer, car workshop, shipping company and furniture retailer. The most popular industry land at KK is along Jalan Lintas which is known as Kelombong and Inanam. If you notice most of the business operator here need bigger land size due to their natured of business and spaces required to store their products. The demand for this types of property is very high recently in view of low rental per square feet. Not only that, if you are running same car workshop business at shop lot, it might cause a heavy traffic, car park problem and worst complain from nearby shop. Currently warehouse or showroom with land size of 5000sf – 7000sf at Kelombong is selling not less than RM1M with rental expected around RM6K-RM8K depending on the buildup area. This is definitely a very good area to explore even though initial capital is big and higher risk but it’s still worth considering. I’m searching and wanted to add some of this property into my portfolio in the near future.

The last level of property class is vacant land. Bankers don’t like vacant land. I repeat “bankers don’t like vacant land”. Not only providing lower margin (around 60%), they also charge borrower higher interest rate (around 7%-9% per annum). Some banks even give less loan tenure of not more than 15 years. So to invest in vacant land you need to have a lot of capital and bear in mind, your vacant land might not generating cash flow for you in the near term. Therefore you have to subsidies 100% on your monthly repayment. Unless your cash flow is huge or immediate development on the land or high potential of rental otherwise it is not worth to get bank financing to purchase a land. As your land appreciation might not enough to cover bank loan interest. The best land deal I ever heard in town is land near to Likas recently sold for almost RM40M cash and the owner is planning to develop the whole pieces into high end condominium within the next 2 years. It’s going to be at least RM500M project. So with vacant land, there is plenty of choice you can use to utilize the land. The best part is you can build multilevel building with one time land costing. The higher the building the lower your land cost. That is the beauty of vacant land.

In summary, bank love’s residential property and they willing to scarifies their profit by giving lowest interest for housing loan. Whereas for investor, highest returns will be vacant land which gives you unlimited potential of earning and of course those who love simple life, accumulating rental portfolio under non-landed and commercial is a good choice either. The best portfolio character will be combination of all the above asset class which will give you highest returns, recession proof and the most important inflation proof portfolio. Happy Investing.

Sumber:http://investkk.com/asset-class-under-property/

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My home loan is blowing my finances! Help!!

Whether you REALIZE this or not, MHL is still going to make this solid statement. Don’t worry if you don’t know, or you’re just a newcomer. We’ll help you sort things out. Seriously, it’s time to face the ultimate groundbreaking, heart-stopping, mind boggling, head smacking TRUTH. This statement do not apply to ALL the home loans out there, but to the common ones, this is it.

For your outstanding balance vs year chart of your home loan, you’re may be bounded to pay interest of more than 100% of your loan capital.

Meaning to say, if your home loan is RM100, you’re may just be paying more than RM100 of interest. Total sum = RM200++. And if this is going to knock you down and demotivate you, please, do not commit suicide. There are other ways of going around this problem.

Several of our favorite responses include:

1. “Don’t try to sell me la, brother.”
2. “What!?”
3. “This statement does not apply to OUR bank’s home loan. Let’s take a look at Bank X’s catalog…”
4. *Turns green, went green, and never saw his face again*

MHL does NOT make money by lying to her consumers. Honestly, we’re just making you realize of monetary facts and showing you opportunities around the problem that many people face.

Refinancing could be just the right option for you, we might say. Let’s take a simple calculation to further strengthen our stand:

After an outstanding loan of 5 years, you still have: RM230,963.00

1. Before Refinancing
1. Interest Rate: 300 months, BLR + 0.25% = 7%
2. Single installment payout: RM 1,662.44
3. Total interest paid: RM233,412.35
2. After Refinancing
1. Interest Rate
1. First 36 months, 5.25%
2. Thereafter: 5.15%
2. Single installment paid: RM1,370.45
3. Total interest paid: RM178,830.68
4. You save: RM54,581

Wah liao eh. Serious or not?

Refinancing may not be the best option for some people, due to the fact that:

1. They have a spending problem.
They spend way too much; disallowing them from making necessary payments at the beginning of each month.
2. They may just extend their loan tenure.
If you paid your home loan for 25 years already, what are you refinancing for? Do you want to add that small amount to another 20 years of your life? Forget it.
3. They borrowed more than 90% of the home’s value.
If their home loan is below 80%, it makes sense. Otherwise, forget it.
4. Cashing out of their refinance.
Honestly, cashing out is their thing, because they see money. They may just end up paying longer.

Does it make sense at all for you?
(You only have to pay your phone bill lah..)

Sumber:http://www.malaysiahomeloan.com.my/category/home-loans/

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Mortgage Reducing Term Assurance (MRTA)

How much should I pay for insurance?
That’s exactly how much you need to find out - The MRTA calculator gives you the figure you need to calculate your mortgage reducing term assurance or MRTA. First, the definition of MRTA.

MRTA is defined as Mortgage Reducing Term Assurance; reducing term life assurance specially designed to protect a loan borrower against death or TPD (total permanent disability) due to natural or accidental causes.

Firstly, check your MRTA Premium and how much you should pay for your insurance.

MRTA is very often a lump sum and the lending institution will arrange fire and Mortgage Reducing Term Assurance of insurance cover. Should anything happen to you during the period of the loan requested/applied, the Insurance Company which issued the policy will pay the outstanding balance of the repayment to the bank/finance institution.

How will MRTA benefit you?

1. Premium financing
Pay a small sum to accumulate over with the plan. It’s affordable and reliable.
2. Single premium payment
Full protection for a one-time fee. For life.
3. Liberal TPD explanatory
If you cannot perform your regular work for six (6) consecutive months, TPD benefits will be feasible. Some packages offer only permanent disability.
4. Guaranteed acceptance
Acceptance is guaranteed for loan borrowings up to RM150,000 and entry ages up to 50 years next birthday. Subject to other terms and conditions.
5. 24 hours worldwide coverage
Anywhere in the world you’re covered, not only in the respective country you apply.
6. Guaranteed benefit to settle your balance mortgage
The repayment of your housing loan will be settle should there be any causes of death of TPD.

Sumber:http://www.malaysiahomeloan.com.my/insurance/mortgage-reducing-term-assurance-mrta/

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What is a Wasiat

Sumber: http://www.ambg.com.my/islamic.aspsc=islamic_private_trust&pg=is_private_trust_wasiat_writing&page_no=2

Fail to plan is planning to fail. A recent press report stated that there are RM40 billion unclaimed cash and assets left by the dead due to the absence of estate planning of the deceased. Why is that so? This is because most of us spent more than three quarters of our lives trying to accumulate wealth but have never considered making a simple effort such as writing a Wasiat to provide for our loved ones when we are no longer around.

1 : WHAT IS A WASIAT? A Muslim can write a Wasiat BUT he can only dispose up to 1/3 (maximum) of his estate to whoever he wishes except for those who are already entitled under the Syariah Law (Faraid). The residue 2/3 of the estate will be distributed to the immediate heirs according to Syariah Law (Faraid).

A Muslim can will away to persons who will not benefit through Faraid distribution for example, non-heirs, relatives blocked by Faraid, non-Muslim relatives, friends, neighbours or charitable organizations subject to 1/3 rule above. As for Faraid Distribution which is determined in the al-Quran, only immediate heirs will benefit from it.

2 : WHAT ARE THE CONSEQUENCES OF NOT HAVING A WASIAT? Your loved ones will be left with the NIGHTMARE, HARDSHIP and BURDEN of obtaining Letter of Administrations and the even more difficult task of distributing the assets which can take from 2 to 6 years on average.

3 : WHY YOU NEED A WASIAT?
• Faster Administrative Process
• Cheaper Legal Fee to apply for a Court Order (i.e Grant of Probate)
• Proposing your own Beneficiary(ies) & their Entitlements
• Exemption of Administration Bond
• Appointment of Executor & Trustee
• Appointment of Guardian
• Peace of Mind

4 : WHAT MAKES A VALID WASIAT?
To be valid, A Wasiat must comply with the followings:-
• Testator must must be 18 or above
• Testator must be of sound mind
• Wasiat must be in writing
• Testator must sign or affix his mark at the end of the Wasiat
• The Wasiat must be attested by two (2) witnesses

5 : ARE MUSLIMS ENCOURAGED TO WRITE A WASIAT? YES. Sabda Rasulullah s.a.w. “Seorang muslim yang mempunyai sesuatu yang boleh diwasiatkan tidak sepatutnya tidur selama dua malam berturut-turut melainkan dia menulis wasiat di sisinya.” (Hadis Riwayat Bukhari dan Muslim)

(Translation: "It is not permissible for any Muslim who has something to will to stay for two nights without having his last will and testament written and kept ready with him.")

6 : DOES A WASIAT NEED TO BE STAMPED OR SEALED? NO. A Wasiat need not be stamped or sealed.

7 : CAN I WRITE MY OWN WASIAT? YES. But you need to be very careful. You have to make sure you comply with the requirements in Q4 as a person can only have one valid Wasiat. At the end of the day, a Wasiat is still a legal document. It is advisable to get professional help when drafting your Wasiat to avoid costly complications later.

8 : WHAT HAPPENS IF BOTH THE WITNESSES HAVE PASSED ON BEFORE THE TESTATOR. IS THE WASIAT STILL VALID OR THE TESTATOR HAS TO RE-WRITE? You do not need to re-write the Wasiat as it will remain valid even if both witnesses passed on before the Testator.

9 : I HAVE WRITTEN A FEW WASIATS? WHICH ONE IS VALID? The latest dated Wasiat is the valid one. It is advisable that any old Wasiats are destroyed when a new Wasiat is written.

10 : WHERE SHOULD I KEEP MY WASIAT? It is very important to ensure that the Wasiat is kept safely. If the Wasiat cannot be found, it is as good as not having written a Wasiat.

The advantages of keeping a Wasiat with a trust corporation such as AmTrustee Berhad include making sure the Wasiat remain confidential, keeping the Wasiat safe from tampering and potential destruction. Also, this is to ensure that your Wasiat could be retrieved quickly and timely.

11 : WHO SHOULD KNOW YOU HAVE A WASIAT? Inform your family members and loved ones that you have written your Wasiat and where it is kept.

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Wasiat-Berbalah kerana harta pusaka

Komen untuk kita sama-sama fikirkan:

1) Harta yang dibahagikan sebelum kematian tidak termasuk sebagai harta pusaka.

Ini boleh dilakukan menerusi dokumen wasiat dan perlantikan wasi.

2) Si ibu sebenarnya berhak ke atas harta sepencarian.

Oleh itu, para suami cepat-cepatlah buat dokumen harta sepencarian supaya nasib isteri-isteri terjaga.

Ini kerana harta sepencarian tidak perlu dibahagikan sebagai harta pusaka apabila si suami meninggal (dan sebaliknya).

3) Dalam situasi ini, boleh dipanggil satu mesyuarat keluarga. Terangkan balik hukum hakam, minta maaf bagi pihak arwah si bapa dan halal dari waris-waris yang lain. Tiba masanya, si ibu dan anak-anak betulkan keadaan – semoga Allah melindungi arwah si bapa.

Yang penting, jangan kita abaikan kesepakatan sebuah keluarga.

-Ayah.biz-

========

ARKIB : 20/12/2009

Berbalah kerana harta pusaka
www.dcckmona.com
dcckmonaum@hotmail.com

PENGALAMAN pahit yang saya lalui ini rasanya banyak berlaku dalam masyarakat kita, tetapi kita sering mengambil mudah dan menyifatkannya perkara itu betul, sedangkan ia tidak betul dan menyalahi hukum.

”Lebih malang lagi apabila kita ingin memperbetulkannya dan cuba menerangkan apa yang sepatutnya dilakukan kita pula dipersalahkan, dan dituduh mahu membolot harta pusaka yang dimilikinya.” Demikian cerita Shazleena ketika ditemui baru-baru ini.

”Ramai kalangan anak-anak tidak mahu bertindak takut dituduh anak durhaka. Ayah saya sudah meninggal dunia lebih 20 tahun lalu, waktu itu saya dan tiga orang kakak dan abang saya telahpun berkahwin tinggal dua orang masih belajar.

”Hidup emak tidaklah susah sebab ayah tinggalkan sebuah rumah untuk emak dan adik-adik tinggal, emak dapat pencen ayah serta ada pendapatan dari dua buah rumah sewa di atas tanah pusaka yang ayah miliki.

”Waktu itu saya masih muda tak banyak tahu tentang proses harta pusaka dan sebagainya jadi saya tak ambil kisah. Lagi pun kami rasa sudah selesa mempunyai rumah sendiri, ada suami dan anak-anak kami rasa tak ada apa yang patut kami fikirkan.

”Sementara emak kalau pun makan hasil duit rumah sewa peninggalan ayah itu biarkan itu kerana harta peninggalan ayah itu memang sudah menjadi milik emak. Malah kami bantu emak setiap bulan sekadar yang termampu supaya emak boleh terus hidup senang walaupun ayah sudah tidak ada lagi.

”Kini, setelah lebih 20 tahun ayah meninggal, dan umur kami semakin meningkat sementara keadaan emak yang sering sakit, ditambah pula dengan masalah dari rumah sewa pusaka ayah di atas tanah pusaka yang dimikili ayah membuatkan saya sedar dan rasa keadaan dan kesilapan ini perlu diperbetulkan.

”Malangnya bila saya cuba berterus terang, dan menceritakan kepada emak apa yang sepatutnya dilakukan tentang harta pusaka ayah, emak sudah salah sangka terhadap saya, adik saya pulak yang selama ini menguruskan duit rumah sewa pun mula berbunyi menyalahkan saya, konon nak bolot harta emak.

”Masalah itu tidak di situ sahaja, malah adik cuba menarik perhatian adik-beradik yang lain dengan cerita salah. Akhirnya kakak saya bertanya apa hal saya cuba menyakiti hati emak. Setelah saya terangkan keadaan sebenar barulah mereka faham.

kehidupan

”Saya beri contoh atas apa yang berlaku dalam keluarga sepupu saya barulah mereka faham. Contoh mudahnya, setelah sepupu kami meninggal dunia, kehidupan anak-anaknya terbiar bila balunya kahwin lain. Ramai yang bercakap pasal hak anak-anak yatim yang tinggal kerana balunya lebih banyak menyenangkan hidup suami barunya daripada anak-anak sendiri. Sedangkan dia dapat pencen, insuran arwah suaminya.

”Selepas tiga tahun menjadi balu dia kahwin lain dan membeli kereta baru untuk suami barunya, sementara anak-anak yang masih bersekolah rendah sering mengadu tak berduit kepada neneknya. Nenek yang susah bertambah susah.

”Apa yang saya ingin ceritakan kepada mereka bahawa setelah ayah meninggal bukan semua harta pusaka yang ditinggalkan oleh ayah menjadi milik emak, sebaliknya lebih banyak kepada anak-anak, emak dapat satu perlapan sahaja. Tetapi apa yang berlaku dulu bukan bermakna emak makan harta yang tak betul, harta anak yatim, tetapi waktu itu kita tak tahu. Sementara emak melakukan seperti apa yang dilakukan oleh kaum wanita sebelumnya, nenek moyangnya dahulu. Dan kita anak-anak tak pernah salahkan emak sebaliknya membantu emak.

”Tetapi setelah kita tahu hokum hakamnya sekarang maka kita wajib betulkan. Sebab ditakdirkan emak meninggal dunia nanti, ia akan lebih memudahkan lagi pembahagian pusaka kepada anak-anak.

”Keadaan lebih teruk lagi kerana rumah sewa yang ayah tinggalkan di bina di atas tanah pusaka peninggalan ayahnya, yang kemudian diberikan kepada ayah dan kemudian ditinggalkan kepada kami.

”Masalahnya sekarang tanah yang dulunya tidak berharga kini menjadi amat berharga setelah kerajaan membina lebuh raya bersebelahan. Cucu cicit mula mempersoalkan hak mereka. Mereka memang berhak tetapi siapa yang boleh menguruskan perkiraan pembahagian harta pusaka itu cara yang betul, sebab anak dan cucu moyang semuanya telah meninggal dunia, kini yang tinggal cuma cicit-cicitnya sahaja.

”Lebih malang lagi dalam geran tanah tersebut tidak tersebut nama datuk apalagi nama ayah kami atau adik-beradik datuk yang lain. Yang ada cuma nama moyang kami. Takke parah itu! Menurut cerita moyang banyak tanah sudah diberikan kepada enam orang anaknya, yang ada sekarang hak datuk kami seorang yang kemudian diberikan pada anak-anaknya termasuk ayah kami.

”Tetapi disebabkan tidak ada nama datuk dalam geran yang usang itu, maka adik- beradik datuk yang lain, mengikut lojiknya juga berhak atas tanah tersebut. Bayangkan datuk ada enam beradik, setiap seorang ada beberapa orang anak, kemudian anak-anak tersebut telah mempunyai beberapa orang anak cucu. Parah! Memang parah!

”Sekarang macam mana kami boleh menolak tuntutan sepupu, dua pupu dan tiga pupu kami yang lain ke atas tanah yang ayah telah bina rumah sewanya. Kerana selama ini ayah beritahu, tanah seekar di hilir itu miliknya pemberian ayahnya, selebihnya seluas 5 ekar lagi adalah milik adik-adik ayah yang lain, setiap seorang dapat seeker.

”Zaman dulu orang tua-tua berikan tanah berdasarkan kepercayaan siayah kepada anak-anaknya. Zaman sekarang orang mahu lihat nama siapa yang tertera. Tak ada nama sesiapa pun boleh tuntut.

”Jadi siapa di kalangan cucu cicit arwah moyang kami yang mahu berusaha memecahkan kebuntuan ini. Mencari siapa yang lebih berhak supaya tidak ada pergaduhan, perbahalan dan rasa kecil hati? Manalah tahu ada yang marah bakar rumah sewa ayah.

”Kerana itulah juga saya tak mahu masalah berlaku dalam keluarga kami. Sekarang emak suruh adik kutip duit sewa rumah, ditakdirkan emak tak ada nanti kita tak mahu adik mengambil semuanya, kerana bukan haknya, kita tak mahu dia makan duit haram. Biarpun sedikit ia mesti diberi secara saksama dan dalam pengetahuan waris. Kecuali kita berikan hak kita kepadanya, kerana kesiankan dia.

”Rumah peninggalan ayah pun bukan milik emak sepenuhnya, ia juga menjadi milik kami anak-anak semua, jadi kami mesti mendapat pembahagian sewajarnya. Kalau pun adik mahukan rumah tersebut, ia mesti dinilai harganya kemudian dibahagi lima beradik. Baru betul! Saya bukan tamak tetapi menegakkan kebenaran supaya tak ada sesiapa yang berdosa memakan harta yang bukan miliknya.

”Tapi yang payahnya fahaman emak sendiri yang merasakan bila suaminya mati semua harta jadi miliknya. Nasib emak tak kahwin lain. Kalau dia ada suami baru macam mana kalau suaminya mahu memiliki semua harta peninggalan ayah. Bukankah itu salah dan berdosa namanya. Malangnya kejadian seperti ini masih berlaku dalam masyarakat kita. Dan sukar dihapuskan, tujuan saya paparkan masalah ini, supaya kita sama ingat mengingatkan, jangan jadi macam saya, kini mula dipandang serong oleh adik beradik sedangkan saya mahu mereka mencari kebenaran.” Demikian cerita Shazleena.

Memang sukar membetulkan keadaan yang sudah lama berakar berumbi dalam diri kita. Terutama bila ada isu bersangkut ringgit dan sen. Sedangkan kita ingin hidup mereka selamat di dunia dan akhirat. Jasad diterima oleh bumi dan diterima ke langit

Sumber:janganterlepaspandang.wordpress.com

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Tip penjimatan petrol dan diesel

Jadi hari ini saya nak kongsikan beberapa tip penjimatan petrol dan diesel yang saya perolehi dari rakan -rakan saya yang bertugas di Kementerian Perdagangan Dalam Negeri, Kepenggunaan dan Koperasi. Berikut tips yang boleh kita ikuti:-

* Elakkan mengisi minyak pada cuaca yang bersuhu tinggi. Isi minyak pada awal pagi atau malam kerana pada waktu ini minyak kurang termeluwap dan berketumpatan yang tinggi.

* Pastikan anda menggunakan gear yang betul. Penggunaan gear rendah untuk kelajuan yang tinggi akan mengakibatkan anda kehilangan lebih 45% minyak.

* Bawa kereta dengan kelajuan yang konsisten dan kurangkan penukaran gear.

* Kurangkan perjalanan jarak dekat.

* Tutup tingkap kereta ketika memandu. Ia akan menjimatkan minyak anda sehingga 10%.Pastikan tekanan tayar anda berada pada pada ukuran yang betul. Jangan terlalu banyak atau terlalu sedikit.

* Elakkan memasang peralatan tambahan yang tidak aerodinamik seperti alat pengangkutan barang di atas bumbung.

* Buat pemeriksaan enjin dari masa ke semasa.

* Kawal kelajuan kira-kira tidak melebihi 90km. Semakin laju kenderaan, semakin banyak bahan api digunakan.

* Jangan membrek secara mengejut. Brek berlebihan mengakibatkan tenaga bahan api hilang melalui penggeseran tenaga.

* Pastikan kereta diselenggara dengan baik. Servis kereta mengikut jadual.

* Periksa penapis udara dan penapis minyak petrol ( tukar 40 000 km sekali).

* Elakkan melalui kesesakan jalan raya dengan membuat perancangan perjalanan terlebih dahulu.

* Matikan enjin ketika sedang menunggu.

* Guna tayar kereta yang low profile dan mempunyai special rubber compound (Grip tinggi rintangan kurang).

* Pakai rim tayar biasa dan mengikut kesesuaian jenis kereta. Penggunaan rim tayar yang lebih besar menyebabkan bebanan kepada enjin.

* Isi minyak secara perlahan semasa di stesen minyak.

* Membuat isian semula minyak apabila takat minyak tidak kurang daripada separuh tangki kenderaan.

* Jangan membawa barangan terlalu banyak kerana apabila berat bertambah bebanan enjin akan meningkat dan penggunaan minyak akan bertambah.

* Elakkan mengisi minyak ketika lori tangki minyak sedang mengisi tangki di stesen minyak untuk mengelak kotoran di dalam tangki bercampur dengan minyak yang diisi disebabkan oleh tekanan pengeluaran minyak daripada lori yang kuat semasa proses tersebut.

Selamat mengamalkannya.

THINKERICH
Sumber:http://pemikirkaya.com/

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Takaful Made Sempoi

1) Jom masuk takaful: kenapa perlu sertai pelan takaful?
2) Yang mana satu? : Mulakan dengan keperluan anda
3) Apa yang saya boleh dapat dengan RM saya?
4) Senarai Syarikat Pengendali Takaful di Malaysia
5) Perbezaan Istilah dan konsep Insuran dan Takaful

————————————————————————————–
1) Jom masuk takaful: kenapa perlu sertai pelan takaful?

Perlindungan , perlindungan dan perlindungan: Ini adalah sebab yang paling utama. Malang tidak berbau. Semestinya kita berusaha untuk mengurangkan risko sekiranya sesuatu yang tidak diingini berlaku. Sedikit pelaburan bulanan, mungkin
dapat meringankan beban kepada diri, isteri dan keluarga. Siapa tahu bila kita akan sakit atau ditimpa kemalangan. Hanya Allah yang tahu.


Berdasarkan konsep “saling menjamin”, para peserta (termasuk anda) sama-sama menyumbang di dalam tabungan takaful yang akan digunakan apabila ada peserta yang memerlukan. Manfaat yang diberi berdasarkan pelan yang disertai dan jumlah sumbangan – seperti yang dipersetujui di dalam kontrak masing-masing.

Pelaburan: Sebahagian daripada caruman anda juga akan digunakan untuk pelaburan jangka panjang i.e. paling baik lebih dari 7 tahun. Apabila sijil takaful anda matang,anda akan menerima tabungan pelaburan (dapat balik sebahagian duit sumbangan bulanan anda, terkumpul!) DAN juga pulangan pelaburan (compounded return) selama tempoh sijil. Banyak jugak tu!

Perkongsian lebihan dana (surplus): Sekiranya ada lebihan dari dana Takaful, para peserta akan berkongsi lebihan ini, setelah ditolak bahagian syarikat takaful (kadar pembahagian selalunya 50:50).

2) Yang mana satu? : Mulakan dengan keperluan anda
Di Malaysia ada berpuluh-puluh pelan Takaful yang dikendalikan oleh lapan syarikat. Bagaimana kita nak pilih?

Pertama sekali, pastikan anda tahu keperluan hidup anda (dan keluarga).

Yang bujang, mungkin perlu perlindungan sekiranya sakit dan tidak boleh bekerja.
Yang tiada “company benefit” perlukan pelan rawatan di hospital-hospital swasta (kecuali anda mahu menunggu di hospital kerajaan).
Yang berkeluarga, perlukan perlindungan “lumpsum” sekiranya anda mati @ kemalangan @ kecacatan.
Mungkin juga, anda hanya perlukan pelan takaful untuk simpanan dan rawatan ketika bersara nanti.

Pastinya, setiap orang pasti memerlukan pelan PERLINDUNGAN yang tersendiri di setiap fasa kehidupan – muda, tua, bujang, beranak-pinak dan berharta.

Jadi, anda boleh pilih dan rancang perlindungan yang anda (dan keluarga) PERLUKAN:-
- perlindungan diri (kematian & kemalangan)
- kesihatan dan rawatan (penyakit kritikal & keilatan kekal)
- simpanan hari tua
- simpanan pendidikan anak-anak
- kereta
- rumah dan lain-lain

Dapatkan nasihat agen yang baik dan belajar dari rakan-rakan @ keluarga yang dah ada. Baca blog-blog yang neutral (i.e. bukan dari mana-mana agen syarikat) dan bawa berbincang.

Mulakan seawal mungkin i.e. sekarang!!! Biar sedikit kerana nanti anda boleh tambah @ upgrade pelan takaful.

“Sikit-sikit lama-lama jadi bukit”, kata orang tua-tua :) .

3. Apa yang saya boleh dapat dengan RM saya?

Hanya RM10.60 untuk setiap RM10,000 jumlah perlindungan yang diperlukan di bawah pelan HSBC Amanah Homeowner Takaful.

RM20 setahun, manfaat RM14,000 di bawah Takaful Berkumpulan, Takaful Barakah (Perlu menjadi ahli Bank Persatuan)

RM100 sebulan, manfaat sehingga RM60,000 dan perlindungan rawatan (Kad Perubatan Takaful MediAssist) selama 22 tahun – Takafulink Cerdik PruBSN

RM200 sebulan, manfaat kematian sehingga RM154,000 atau simpanan terkumpul sebanyak RM54,000 – Takaful Mesra Etiqa (20 tahun)

RM300 sebulan, manfaat kematian sehingga RM350,000 – Takaful Mesra Etiqa (20 tahun)

RM494 setahun ( RM41 sebulan), anda boleh mendapat pelan perlindungan Personal Accident sehingga RM1,000,000 dari TuneMoney.com

4. Senarai Syarikat Pengendali Takaful di Malaysia

1. CIMB Aviva Takaful Berhad – www.cimbaviva.com/takaful.html
2. Etiqa Takaful Berhad – www.etiqa.com.my/index.php?ch=takaful&tpt=4
3. Hong Leong Tokio Marine Takaful Berhad – www.hltmt.com.my
4. HSBC Amanah Takaful (Malaysia) Sdn Bhd – www.takaful.hsbcamanah.com.my
5. MAA Takaful Berhad – www.maatakaful.com
6. Prudential BSN Takaful Berhad - www.prubsn.com.my
7. Syarikat Takaful Malaysia Berhad – www.takaful-malaysia.com
8. Takaful Ikhlas Sdn. Bhd. – www.takaful-ikhlas.com.my
9. Tunemoney – www.tunemoney.com

5. Perbezaan Istilah dan konsep antara Insuran dan Takaful
Nota: Saya gunakan English kerana kebanyakan kontrak Takaful akan guna-pakai English sebagai bahasa utama.

DARI: KEPADA:
Life Insurance Family Takaful (Takaful keluarga)
Policy Certificate (Sijil)
Premium Contribution (Sumbangan)
Life Assured / Insured Person Covered
Assured Participant (Peserta)
Policyholder Certificate Owner
Sum Assured Sum Covered (Manfaat)
Insurance Charge/Fee Tabarru’ (Derma)
Payor Contributor
Coinsurance Cotakaful
Life Proposed Person Proposed
Premium-Redirection Contribution-Redirection
Policy Document Certificate Document
First Premium Receipt First Contribution Receipt
Premium Notice Contribution Notice
Life Assurance Premium Certificate Family Takaful Contribution Certificate

» Akhir kata untuk kali ini:-

Bersedia sekarang ketika anda SIHAT, SENANG DAN STABIL.
PILIHAN di tangan anda: “Susah-susah dahulu sertai takaful, bersenang-senang kemudian”.

Semoga berjumpa lagi dengan “Takaful Made Sempoi© 2″.
Ikhlas dari,
-Ayah.biz-

Sumber:http://janganterlepaspandang.wordpress.com/2008/11/23/takaful-made-sempoi/

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Hati-hati dengan Personal Loan

Bila sebut personal loan atau pembiayaan peribadi ni, semuanya dibuat
ikut kadar tetap. Jarang saya lihat, bank beri personal loan dan
kadarnya berubah ubah macam housing loan.

Yang anda perlu faham adalah, untuk membezakan mana loankadar sebenar (effective rate atau APR
rate) yang
termurah, anda perlu semak , bukan kadar tetap atau kadar BLR.

Sebab saya dapati, banyak bank / promoter bank bila promote personal
loan ni, tak dedahkan kadar efektif sebenar loan mereka, terutama
sekali skim pembiayaan islamik (sebab jarang jumpa ada personal loan
konvensional). Mereka promosi dengan menggunakan kadar tetap nominal,
iaitu kadar tetap pada nama sahaja, bukan kadar sebenar. Pelanggan
ingat murah, tapi kadar sebenar hampir 2x ganda.

Sebagai contoh, Loan Al-Rajhi ambil loan RM11,000 untuk 5 tahun pada
kadar tetap 8% setahun (promosi raya lepas 8%, normal rate 8.5%
setahun), kadar sebenarnya adalah lebih 14% setahun (kalau iklan 8%)
atau 14.92% setahun (kalau iklan 8.5% setahun). Ambil Loan RM11,000
untuk 5 tahun pada kadar 8% setahun, ansuran bulanannya adalah RM256
sebulan.

Kalau ambil housing loan, BLR naik sampai 14% setahun tentu anda
mengamuk dan rasa tertekan. Tapi personal loan kena 14%-15%, hampir
tinggi macam interest kad kredit, kita buat tak kisah pula sebab
sangka ianya rendah 8% setahun.

Kalau anda tak percaya, cuba guna calculator housing loan biasa, letak
jumlah loan RM11,000 untuk 5 tahun pada kadar 14% setahun, dan anda
akan dapat ANSURAN BULANAN YANG SAMA, IAITU RM256 SEBULAN. Kebetulan?
TIDAK? Inilah yang ramai orang TAK TAHU.

Oleh itu, sebelum ambil personal loan, fikir masak-masak berbaloi ke
ambil personal loan. Kalau untuk keperluan mendesak, untuk modal
perniagaan yang terjamin pulangannya lebih 15% setahun atau untuk
memindahkan hutang kad kredit yang interestnya tinggi kepada personal
loan, tak mengapalah jugak.

Kalau saja-saja ambil personal loan untuk memenuhi selera dan
keinginan sendiri, pada saya itu mencari masalah namanya, kerana anda
tak uruskan ALIRAN TUNAI (monthly cash-flow) dengan baik, sehingga
terpaksa berbelanja dengan berhutang melebihi pendapatan bulanan.

Berikut adalah kadar profit sebenar untuk semua bank popular di
Malaysia. Ini sekadar perbandingan ringkas, bertujuan untuk rujukan
umum. Bukan untuk memburuk burukkan mana mana bank.

Kadar Personal Financing Antara Bank
* Nota = Kadar sebenar APR di bawah tidak mengambil kira processing
fees yang berlainan antara bank.

1. Bank Rakyat Aslah Financing-i (Post Dated Cheques – Swasta)

Tempoh Pembiayaan (Tahun)
Bank Rakyat’s Membership 2 – 3 4 – 5 6 – 7
Member 6.80% 6.85% 6.90%
Non-Member 6.85% 6.90% 7.00%

* Kadar Sebenar (APR) Bank Islam Personal Financing = 12.25% setahun
untuk 5 tahun

2. Bank Rakyat Aslah Financing-i (Untuk Kakitangan Awam/Berkanun)
dengan kemudahan Biro Angkasa – BPA / Salary Deduction From Employer)

Tempoh Pembiayaan (Tahun)
Bank Rakyat’s Membership < 3 4 – 5 6 – 7 8 – 10
Member 5.60% 5.80% 5.85% 5.90%
Non-Member 5.65% 5.85% 5.90% 5.95%

* Kadar Sebenar (APR) Bank Islam Personal Financing = 10.50% setahun
untuk 5 tahun
————————————————————————-
Bank Islam Personal Financing
Profit Margin
Personal financing – Fixed Nominal Rate
1 – 5 tahun
6.8% setahun 6 – 7 tahun 7.0% setahun
* Kadar Sebenar (APR) Bank Islam Personal Financing = 12.15% setahun
untuk 5 tahun

————————————————————————-
RHB Personal Financing

Profit Margin
Personal financing – Reducing Balance Method
1 – 7 tahun 1% sebulan

* Kadar Sebenar (APR) RHB Personal Financing = 12.10% setahun untuk 5 tahun

————————————————————————-
Standard Chartered Saadiq Personal Financing

Profit Margin
Personal financing – Fixed Nominal Rate 1 – 5 years 0.71% per month

* Kadar Sebenar (APR) SCB Saadiq Personal Financing = 14.10% setahun
untuk 5 tahun

————————————————————————-
Al-Rajhi Personal Financing

Profit Margin
Personal financing – Fixed Nominal Rate 2 – 5 tahun
Kadar biasa
8.50 % setahun

* Kadar Sebenar (APR) Al-Rajhi Personal Financing = 14.92% setahun
untuk 5 tahun

Al-Rajhi Personal Financing

Profit Margin
Personal financing – Fixed Nominal Rate 2 – 5 tahun
Kadar promosi
8.00 % setahun

* Kadar Sebenar (APR) Al-Rajhi Personal Financing = 14.00% setahun
untuk 5 tahun

Diharap maklumat ini dapat membantu anda dalam membuat keputusan.

“BERKHIDMAT UNTUK MASYARAKAT”

AZHA SYAZRI HJ AZIZAN (H/P: 012-2011-555)
Manager – Insurance, Takaful & Investment (AFPM)
Tekad Smart Planning Sdn. Bhd. (538317-K)
A corporate agency with MAA Assurance & MAA Takaful
For reliable & trusted advice, visit us at http://www.simpanduit.com

Sumber:www.simpanduit.com

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Hati-hati risiko guna kad debit

Pemegang kad debit menghadapi risiko hilang semua simpanan dalam akaun tanpa jaminan bank jika kad itu disalahgunakan oleh pihak yang tidak bertanggungjawab, kata Gabungan Persatuan- persatuan Pengguna Malaysia (Fomca). Setiausah agungnya Muhammad Sha’ani Abdullah berkata sindiket penipuan boleh mencuri data pemilik kad untuk diklon sebagai kad debit palsu untuk membeli barangan, lapor Bernama.

Tambahnya, kerana kad debit disambung terus kepada akaun pemegang kad dan sebarang pembelian menggunakannya, wang akan ditolak serta-merta daripada akaun pengguna. “Ini bermakna risiko terletak sepenuhnya pada pemegang kad debit dan bank tidak bertanggungjawab atas sebarang kerugian yang dialami oleh pemegang akibat penyalahgunaan kad berkenaan,” beliau dipetik berkata hari ini.

Berbeza dengan pengguna kad kredit yang mendapat jaminan tertentu bank, pemilik kad debit tidak mendapat jaminan sedemikian. “Jika kad kredit disalahgunakan oleh pihak tertentu, maka pemegang boleh mempertikaikan jumlah perbelanjaan dan menuntut semula bayaran dari bank,” katanya. Muhamad Sha’ani, yang juga ketua eksekutif Pusat Perkhidmatan Aduan Pengguna Nasional (NCCC), menambah bank tempatan membuat promosi kad debit secara agresif sejak tahun lepas dan pengguna perlu berwaspada untuk memilikinya. Bagaimanapun sumber perbankan menjelaskan, risiko kad debit adalah minima apabila digunakan dalam negara kerana penggunaannya berdasarkan tandatangan pemegang dan kad mempunyai cip keselamatan.

Tambahnya, seperti dipetik agensi berita itu, pemegang kad debit tidak perlu berhutang untuk berbelanja kerana mereka hanya dapat berbelanja mengikut jumlah simpanan dalam akaun sahaja. “Ini membantu mendisiplinkan pengguna dari segi perbelanjaan yang tidak perlu atau menanggung hutang berlebihan,” kata sumber yang tidak didedahkan identitinya. Kad debit itu baik untuk bank kerana mereka tidak perlu memberi sebarang kredit kepada pemegang dan sekali gus mengurangkan risiko pinjaman tidak berbayar, tambahnya.

Sumber: http://malaysiakini.com/news/97258

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Review hujung tahun

Sumber:http://janganterlepaspandang.wordpress.com/

Review hujung tahun

Review kewangan peribadi dan keluarga amat baik dilakukan di hujung tahun, ketika kita bersemangat nak buat azam baru.

Antara perkara yang kita perlu teliti ialah:-

1) Ketahui dan nilai aliran tunai ( cash flow) anda

Ketahui kedudukan simpanan tunai dan jangka pendek anda sebagai persedian menghadapi sebarang kesulitan atau kecemasan.

Berapa bulan simpanan kecemasan kita ada?
Bagaimana nak bayar bil-bil besar seperti bayaran hospital, kereta dan lain-lain?
Secepat mana kita boleh keluarkan dana yang diperlukan?

Tindakan:
Fikirkan cara untuk memperbaiki aliran tunai anda

2) Kaji profit rate, hibah dan kadar faedah yang anda perolehi dari simpanan-simpanan anda.

Kebiasanya simpanan 6 bulan gaji mencukupi sebagai simpanan kecemasan.

Laburkan simpanan yang berlebihan di dalam akaun-akaun pelaburan Islamik yang memberi pulangan yang lebih menguntungkan.

Cuba penuhkan Tabung Haji, atau melabur sebagai ahli di bank koperasi seperti Bank Persatuan.

Mula belajar dan berjinak-jinak dengan membeli saham terus. Dengan kemudahan online trading, ia lebih mudah!

Tindakan:
Ubah simpanan berlebihan ke aset pelaburan yang berlandaskan shariah dan lebih menguntungkan.
Buka akaun CDS untuk mula membeli saham.

3) Masih “bayar diri kita sendiri dahulu”?

Jika ya, sudah tentu nilai aset anda seperti nilai pegangan rumah, saham dan perniagaan, bertambah.

Jika tidak dimana silapnya – belajar dari kejayaan dan juga kesilapan anda supaya tahun 2010 anda lebih maju.

Tambah portfolio pelaburan anda. Dengan sistem online trading, pembelian unit trust dan saham lebih mudah.

4) Bertindak untuk kurangkan Liabiliti anda

Berjayakah kita untuk kurangkan liabiliti dan hutang-hutang seperti kereta, kad kredit, rumah dan lain-lain.

Nilai semula perbelanjaan supaya anda boleh mula bayar lebih hutang-hutang yang tinggi interest atau profit rate sebelum tambah pelaburan.

5) Anda seorang Hero keluarga?

Apa akan jadi jika kita mati hari ini?
Sudahkah anda lindungi diri dan keluarga secukupnya?

Soalan-soalan ini memang tidak popular di kalangan masyarakat Melayu. Hakikatnya, kita perlu bersedia sebagai anak dan ibubapa yang bertanggungjawab.

Siapa bakal penjaga anak-anak yang ditinggalkan?

Sudahkah anda rancangkan dana untuk kebajikan anak-anak dan penjaga?

Sudahkah kita dokumenkan harta sepencarian untuk kemudahan isteri?

Sudahkah kita sediakan wasiat bagi membantu waris-waris yang ditinggalkan?

Tindakan:
Sertai sekurang-kurangnya SATU pelan takaful keluarga yang mempunyai manfaat kad perubatan seperti PruBSN Medical Card, Takaful Ikhlas IMAT dan Takaful Malaysia myMediCare.

7) Ada perubahan, perlu tambah portfolio perlindungan?

Anak baru, rumah baru atau gaji naik – antara perubahan-perubahan yang mungkin memerlukan perlindungan tambahan.

Anda boleh memilih untuk menyertai pelan takaful keluarga yang baru.

ATAU

menambah Rider seperti Manfaat Pembayar, Manfaat penyakit kritikal dan Manfaat kematian akibat kemalangan dan keilatan kekal dan lain-lain lagi untuk meningkatkan jumlah wang manfaat yang bakal diterima.

Ingat! Tambahan ini akan meninggikan sumbangan bulanan anda.

Anda juga, boleh kembangkan portfolio perlindungan dengan menyertai pelan Takaful Berkumpulan seperti Takaful Mutiara Plus (Bank Persatuan) atau Takaful Kasih (AgroBank) yang lebih rendah bayaran bulanan dan tinggi manfaatnya.

MRTT juga satu lagi pilihan untuk anda lindungi pembiayaan rumah.

Pastikan anda mulakan sekarang, walaupun sedikit. Pilihan di tangan anda!

Tindakan:
Pastikan sumbangan anda berterusan dan tambah pelan perlindungan Takaful.
Jangan lupa dokumen harta sepencarian dan wasiat anda!

8 ) Lengkapkan fail dan dokumen kewangan anda

Saya juga bersalah kerana kerap terlepas pandang hal ini. Pastikan anda kumpulkan semua dokumen penting dan buat beberapa salinan.

Ini akan memudahkan mereka yang akan menjalankan sebarang urusan selepas anda tiada.

Pastikan semua ini disimpan di tempat-tempat yang selamat.

9) Tunaikan amanah anda

Dalam kesibukan harian, kita mudah terlepas pandang tanggung jawab sosial seperti zakat, nazar, sedekah dan lain-lain.

Gunakan peluang ini untuk tulis apa yang anda perlu buat dan tetapkan bila anda akan melaksanakannya.

Cara paling mudah untuk mengira zakat wang simpanan ialah campurkan semua baki terendah (akaun simpanan, EPF, saham-saham, saham koperasi, unit trust dan lain-lain) dan bayar zakat pada kadar 2.5% sahaja.

Banyakkan bersedekah, dan tunaikan nazar secepat mungkin sekiranyna ada. Tak dilupakan pasangkan niat untuk pergi haji dan tambah tabungan anda.

10) Rancang dan uruskan cukai anda

Apa yang perlu anda lakukan? Rancang sebelum anda isi dan hantar borang self-assessment anda.

Gunakan peluang ini maksimakan perlepasan cukai yang disediakan oleh kerajaan. Antaranya, setiap tahun and berhak:-

membeli buku sehingga RM1000
menyumbang perlindungan takaful sehingga RM6000
melabur untuk pendidikan anak-anak sehingga RM3000
membayar bil-bil perubatan ibubapa sehingga RM5000

Dan jangan lupa rebat zakat jika anda sudah menunaikan tanggungjawab sosial anda.

NB: Manfaat-manfaat ini diberikan kepada setiap individu. Oleh itu, anda dan isteri akan mendapat “double” angka-angka ini.

Selamat tahun baru,
Ayah.biz

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Secret Of Property Millionaires

Sumber:http://investkk.com/secret-property-millionaires-part/
There is nothing so special about property millionaires around us. They are normal human being who uses simple strategy in accumulating their wealth. They continuously grow their wealth beyond our imagination through property which I will share with all of you now.


Property investor at all times looking for opportunity to leverage whenever they have the chance. With RM100K cash in hand virtually they can leverage up to RM800K worth of property or even more. This will give them significant room for purchasing more property compare to cash buyer. This is what happens to one of my business associates who purchase 3 units of KK Taipan (3 storey shoplot) in Inanam 3 years ago. His average cost price per unit is RM800K with down payment expenses added up to RM200K (all legal fees and stamp duty). In additional to that he also pay approximately RM1500 per month interest to the bank throughout the 36 months of the constructions period. So his total costing per unit added up to about RM200K+RM54K = RM254K. When he sold one of the unit for RM1.2M, he makes gross profit of RM 560K (RM1200K-RM640K-owing to the bank). His net profit is about RM306K (RM560K-254K-invested money). This is only for 1st unit. Imaging is he sold another unit at the same price that means the 3rd unit is virtually purchase for RM188K. Since there is at least 4 banks expected to open branch in this new area, the rental expected for whole block 3 storey is to be not less than RM5K per month @ RM60K per annum. If you compute against the 3rd Unit, the rental yield is reaching 31%!! That mean you are going to pay off your entire loan for 3rd unit after 36 months. Nothing happier than seeing your passive cash flow reaching RM5K per month which is better than a lot of professional who need to work whole month to earn that much.

Beginner of property investor is highly advice to avoid “alligator” in their portfolio. A wild alligator will eventually eaten their potential growth and thing will get worst when the rental expected is not coming in. So whenever you start investing in rental property, please start from small investment. The ideal property investment for rental is property value less than RM200K as the rental is between RM800-RM1200 which is affordable to middle class executive and this property must be within 8KM radar from KK City centre. Of course these alligator including under construction property which you cannot avoid the completion risks. Last few year, there is program call developer interest bearing scheme (DIBS) which has push up the property prices further. This is where; the developer will absorbed all interest costing before obtaining of Occupancy Certificate. You only need to pay for the first 10% as down payment and the rest of 90% will be take care by developer until they deliver the key to you. Are you thinking of getting free lunch? NO my dear friend. As what people alway say if you got free lunch, be prepare for expensive dinner. The developer eventually has factor in all the interest costing incurred in constructing the unit. But the good thing about this programme is that the completion risk is take care by developer itself and you only need to wait for 3 years maximum to move in. In normally situation, the developer will try to complete the house soonest so they can save some interest costing which will push up their profit margin.

Smart property player will always accumulating property at prime location. Prime here refer to residential and commercial that near to schools, government department, general hospital and heavy commercialization activity area. This eventually will help you to get good tenant especially doctors, teachers and family that wish to stay near to their work place for convenience purposes. In Kota Kinabalu, matured residential area will be at Likas, Damai, Lintas, Kolombong and Signal Hill area. All this while Likas is the dominant market for teachers and doctors tenant due to center location. I always presume teacher and doctor is good tenant as they are well educated. If they are not, don’t blame me. I don’t take the responsibility as some people are really not educated to respect other people money and I prefer to curse them. There is strategy that I always advise my client to use whenever they purchase residential property that is counting on numbers of traffic light that tenant need to pass through whenever they send their kids to schools. The lesser the better. Imaging if you are staying at Lintas (Taman Bestari) and your son is studying at Lok Yuk Secondary School Likas. How many traffic light you need to pass to reach school every morning? If I’m not wrong it will be not less than 5. If each traffic light you need to wait for 5 minutes that mean you need to go out 30 minutes earlier otherwise your son will be late. What happen if more than 5 traffic light? So next time if you considering investing in residential property, please count the numbers of traffic light as this will badly affecting your rental yield and potential capital appreciation. I believe most of millionaire’s property did take this point into consideration before they confirm the unit.

Another character of property millionaire is to keep their eyes and ears open on the surrounding development. Self awareness is the skill that I learn long time ago and trying to related everything back to my property so that I can add some value into it whenever I want to dispose it. You can call this general knowledge. Just like Likas area, are you aware that the Ministry of Education is building high rise office next to Shan Tao School? This will create another office crowd that benefiting Indah Court, Lucky height Condominium and Radiant Tower owner.
At least 10 Condominium Development within LIKAS & SIGNAL HILL Next 24 month

At least 10 Condominium Development within LIKAS & SIGNAL HILL Next 24 month

Another new development under planning stages is the land next to Indah Court measuring around 16 acres, bought by Sandakan Oil Palm tycoon for almost RM40M. I heard he is planning for few block of high-end condominium plus some commercials. I think he is capitalizing on the area as 70% of school either government or private in KK are located at Likas. Moreover, the abundant mall known as Pacific Parade which is still under court case will be finalized soon. The mall is sitting of 25 acres flat land, the last and the biggest pieces available in Likas. This mall will draw crowd mainly from Likas, Damai, Lintas and Signal Hill area. Few new high rise building has been approved at Signal hill area and the total added up unit will be easily exceeding 1500 units in coming 12 months launching. This will add more spice and enhance the value further as a whole for Likas. This is definitely benefiting existing property owner like Indah Court, Lucky Height Condominium and Radiant Court residences. So please open your eyes and ears as all information around will make you richer..

So how you feel now? To be rich and happy is easy right? My friend, you just need to make your first property investment right.. Yes that all. Hope all of you will make 2010 a year of great success. Let us make it a history to be remembered. Happy Investing.

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Pinjaman Bank Untuk Mereka Yang Bekerja Sendiri

Sumber:email from: Mohd Suhaimy | milionaire in the making. (shuth@mohdsuhaimy.com)
Pinjaman Bank Untuk Mereka Yang Bekerja Sendiri!

Mungkin ini menjadi salah satu tanda tanya kepada mereka yang bekerja sendiri. Maklumlah, berkeja sendiri nie.. manalah ada slip gaji untuk dijadikan bukti pendapatan?

Saya pun pernah menghadapi delima ini, nak beli kereta, nak beli rumah… takkan nak beli cash kot? Rugi rasanya, baik gunakan duit tu untuk benda lain yang lebih bermanfaat seperti mengembangkan perniagan ke? buat pelaburan-pelaburan yang sah dan menguntungkan ke? Itu lebih baik rasanya..

Jadi, bagaimana yer?

Bila baca kat website bank. Mereka kata, mereka perlukan slip penyata gaji! Kalau bagi individu yang bekerja sendiri, perlu kemukakan penyata akaun bank selama 3 @ 6 bulan sebagai bukti pendapatan!

Nasib baiklah saya ada membuat pendaftaran syarikat & juga membuka akaun khas untuk syarikat. (So, bagi anda yang menjalankan SOHO tetapi belum daftar syarikat & belum buka akaun syarikat tu, better anda lakukan segara, nanti kalau nak beli rumah ke kereta ke, senang lah sikit.. :) )

Satu persoalan yang timbul di fikiran saya, apakah yang pihak bank “pandang” pada penyata akaun bank tersebut? ? Apakah yang menjadi ukuran? Adakah dari jumlah wang yang terkumpul? Adakah dari baki semasa? Adakah dari jumlah wang masuk? Adakah dari bilangan transaksi? atau dari status perkahwinan pemiliknya? … Oh!

Jadi, untuk mendapatkan jawapan kepada semua persoalan serta memuaskan hati…. maka, saya telah pergi ke bank dan berjumpa terus dengan pegawai di bahagian pinjaman mereka… hasil dari perjumpaan tersebut, barulah saya mendapat gambaran yang sebenar. Sementara gambaran tersebut masih jelas~~ maka saya ingin kongsikan info tersebut kepada semua pembaca blog ini..

Jadi.. bersedia…..

Jika anda ingin tahu, adakah anda layak atau tidak untuk membuat pinjaman, sama ada untuk membeli rumah atau kereta, dan berapakah jumlah wang yang layak anda pinjam? Penyata akaun bank bagi perniagaan anda memainkan peranan penting..

Apa yang perlu anda lakukan, dapatkan 6 bulan atau 3 bulan penyata bank anda….

Lihat pada jumlah kredit (wang masuk) pada setiap bulan.. abaikan baki semasa dan juga jumlah wang keluar.
Contohnya.

Bulan 1 : RM30,000 jumlah wang masuk
Bulan 2 : RM25,000 jumlah wang masuk
Bulan 3 : RM35,000 jumlah wang masuk

Jadi, purata pendapatan anda ialah : (RM30,000 + RM25,000 + RM35,000) / 3 bulan = RM30,000
(kalau 6 bulan penyata bank, maka bagi 6 lah yer!)

Setelah dapat purata pendapatan, darab pula dengan 20% . Contoh..
RM30,000 X 20% = RM6,000

Jadi, itulah gaji bulanan anda!
Ya.. itulah anggapan bank tentang wang gaji anda sebagai seorang yang bekerja sendiri.. RM6,000 sebulan

Dari Rm6,000 itu pula, bank akan mengangap, hanya 60% sahaja yang boleh digunakan oleh anda untuk membayar segala hutang-piutang dalam hidup anda. Tak kiralah hutang rumah ke? hutang kereta ke? ataupun hutang kredit kad?

Jadi, 60% dari RM6,000 , ialah = RM3600.

Ini bermaksud, jika anda tidak mempunyai sebarang hutang lagi, maka anda layak untuk membuat pinjaman, dimana, bayaran bulanan bagi pinjaman tersebut ialah RM3600. (Iaitu pinjaman sekitar RM700,000 bagi pinjaman rumah)

Tetapi, jika anda sudah sedia ada hutang rumah, kereta, kad kredit, personal loan seperti contoh di bawah..

Bayaran bulanan bagi hutang..
1. Kereta = RM1,000
2. Rumah = RM1,000
3. Kad Kredit = RM600
4. Personal Laon = RM500
———————————–
Total : RM3,100
———————————-

Maka, untuk membuat hutang baru, pihak bank perlu pastikan, bayaran bulanan bagi pinjaman yang anda ingin mohon itu, mestilah tidak melebihi RM500 ( RM3,600 (60% dari pendapatan) – RM3,100(jumlah bayaran bulanan hutang sedia ada) ).

Kalau pinjaman rumah, boleh beli rumah yang berharga sekitar RM100,000.

Itulah serba sedikit info berkenaan “kelayakan pinjaman bank bagi individu yang bekerja sendiri”… kalau anda ada info tambahan lain, atau jika ingin membetulkan info saya ini (manalah tahu kalau salah ke), harap sudi-sudikanlah untuk berkongsi di ruangan komen blog ini, terutama sekali bagi mereka yang bekerja di bank.. :)

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Pelaburan Bank Persatuan dibuka semula

Pelaburan share di Bank Persatuan dibuka semula.Untuk mereka yang tidak mahu masuk ASB,anda digalakan untuk masuk share Bank Persatuan.Kali ini ia dibuka dengan limit maximum RM10,000.

PG
pgcare.blogspot.com

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8 Money Principles To Stay Bad Debt Free

Sumber:http://kclau.com/wealth-management/8-money-principles/
At some points in your life, you will encounter debts. It could be from an education loan, car loan, personal loan or other types of loan. Normal debts can turn into ugly bad debts when you are unable to repay them consistently or if you continue to rake-in continuously new debts every month. When you are swamped with debts, you may unavoidably start to worry on how to tackle your debt problem.

To understand how you got yourself into the mess and how to stay bad debt free, apply the 8 principles below for a complete financial makeover.
1st Principle: Pay yourself first

I am sure you have heard this before as this never fails to work miracles on a person’s long term financial standing. When we work hard at our jobs, it is to earn money to support ourselves and our families. It makes sense to pay ourselves first before we pay others. Doing this consistently every month ensures that we have a savings fund to rely on during emergencies and also for retirement.
2nd Principle: Cut down on your expenses

Do you ever face the following situation:

* Not having enough money at the end of the month and
* The next pay day seems so far away

The above situations are actually indications that you have used up all your disposable income before the month end. If you don’t track your expenditures then you may be over-spending. The answer is to budget or cut down on your expenses. You may have a habit of spending excessively in certain areas like on entertainment, on shopping or on dining out. Once you have pinpoint the problem areas, cut down or limit your spending in these areas.
3rd Principle: Practice delayed gratification

To practice delayed gratification helps you to make the correct buying decision instead of buying impulsively. When you postpone to purchase an item, it gives you time to evaluate whether you really need the item or not. After some period of time, you may realize that you don’t need the item at all and can do without it.

Practice delayed gratification and you will find that you do save money and prevent debts especially when you apply it to big purchases like electrical appliances, a travel holiday, an expensive dress, an expensive dinner, etc.
4th Principle: Work out a positive cash flow

To know whether you have positive cash flow means you have to track both your incoming cash flow and outgoing cash flow.

* Incoming cash flow can be your monthly salary, your bonus, interest or dividends earned, rental income, etc.
* Outgoing cash flow are your expenses such as on food, transportation, loans, bills, medical expenses, etc.

If your cash flow is negative that means your outgoing cash flow is higher than your incoming cash flow. If you continue in this pattern then you will incur continuous debt. To work out a positive cash flow, make a budget, cut back on unnecessary expenses or practice delayed gratification. It is wise to ensure that you have a positivecash flow before you start to spend or else the end result is debt accumulation.
5th Principle: Earn more than you spend

A continuation from above, one way to have positive cash flow is to earn more than you spend. After going through steps 1 – 4 above and you find that the debts are still piling-up then maybe your current income is not enough. You have already cut down on unnecessary expenses and you have stopped buying things on impulse and yet you find that the money is not enough. Therefore, it is time to find ways to boost-up your incometo stay away from accumulating debt.
6th Principle: Understand the interest charges

When you take out a car hire-purchase loan, a housing loan or when you use your credit cards, you must know that you will be paying extra amount of money to cover the interest charges.

For those who want to stay ahead in the long term will educate themselves and find ways to reduce the amount paid up towards interest charges. For example, they may put extra efforts to find which banking institution offers the best home loan whereby they do not pay excessively in interest charges. This action alone will save them thousands of hard-earned money.

On the flip side, you want to earn high interest rates on your savings fund. Getting a return of 4% from your FD is depressing compared to ~10% return from your Unit Trust investments. Therefore it pays to be knowledgeable in this matter to be on the winning side.
7th Principle: Snowballing effect of loan repayment

There are lots of incentives and tricks offered to you to take up loans. If you are not careful, you may find yourself repaying loan debts more than you can handle. Combine with the several handy credit cards you continuously use, sooner or later you will find that you have fallen into thedebt trap.

When you have loan debts to repay, it takes up your money reserves meant for your savings or investment fund. Eventually you will realize that not only it affects your current money cash flow, it also affects your future savings plan. Therefore, don’t get caught into this quicksand of perpetual loan repayment.
8th Principle: Plot your net worth

Just as an organization would carry out an audit from time to time to find out its overall performance, it is also recommended that you should do your own personal net worth calculation to keep track of your financial standing. A simple and straightforward calculation is shown below:

Total assets – Total liabilities = Net worth

Total assets: Combine all your money from your savings or checking account, trust funds, property value, car value, stock value, etc.
Total liabilities: Combine all your debts such as home mortgage, credit card balance, etc.

Your goal is to have a positive net worth value at all times and it should be increasing as time goes by.

Refer KCLau’s previous article about this technique:Financial Intelligence Test

So there you have it, all the 8 principles to live by to stay bad debt free. If you follow them conscientiously, you will be in the financially stable group who takes responsibility for their financial future. Make sure you are one of them.

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