Friday, April 30, 2010

Rule of 72

What is Rule of 72 ?

A rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double.

Example :

If you have RM 10000 at the age of 25 and deposited it into a FD account with 4% interest rate.

72 divided by 4 = 18

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How to Stop Putting it Off - Say Goodbye to Procrastination For Good

Procrastination – probably the number one cause for people to be disorganised, for not achieving what they want, for not being the best they could be. What people don’t realise, however, you only need the right tools to conquer it.

Procrastination is a little bit like an addiction, once you suffer from it you have got to battle it and keep on top of it for the rest of your life. It is so easy to slip back. But also, like any other addiction, it can be overcome.

And now, let’s brush away the reasons why you might be procrastinating and we will basically leave you with no excuse to simply get on with it.

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Thursday, April 29, 2010

Avoid 3 Expensive Errors In Property Investment -By Azizi Ali

Sumber:Azizi Ali
Property investment has been a long and experienced wealth builder. Folks had built fortunes throughout the centuries by owning real estate. If it was true then, it is even more so today.

Yet at the same time, there are far too many people who fall into financial difficulties because they invested in real estate. I personally know of one of my own colleague who is up to his neck with debts because of property investment. When you sit down to think about it, isn’t it odd? The same investment that is making some folks rich is sending others to their doom! Although there are obviously many reasons leading to this situation, one glaring point is that the people who are making money know something that the others don’t. Now, while one do not have to have a PhD in properties to make money from it, it is also obvious that the more you know about it, the more money you will have.

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Buying Cash or Taking Loan

Sumber:http://fortunesense.blogspot.com/2008/10/buying-cash-or-taking-loan.html
Imagine if you have cash to buy a property, will you buy it by cash or you will buy it using the banking property loan facility ?

Example: If you have RM 200000 cash on hand and is able to generate 4% return rate yearly, after 20 years you will have RM 438224.66.

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Keperluan Wasiat Menurut Undang-Undang Malaysia

.Apa perlunya wasiat sedangkan faraid telah ditetapkan oleh al-Quran. Adakah berdosa jika tidak mematuhi faraid. Ramai orang Islam yang mempunyai tanggapan sedemikian. Keadaan ini berlaku kerana kurangnya kesedaran dan pengetahuan orang ramai tentang keperluan dan kebaikan menulis wasiat.
.

Wasiat bukan setakat merancang pembahagian harta pusaka kepada benefisiari tertentu malah ia lebih daripada itu. Dengan adanya wasiat anda boleh melantik seorang wasi yang anda yakin dan percaya untuk mentadbir harta pusaka anda setelah anda meninggal dunia, demi kemudahan orang-orang yang anda sayangi. Disamping itu bagi pewasiat lelaki anda boleh melantik penjaga bagi harta anak-anak anda dikalangan orang yang anda percaya.

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3 Reasons Why You Should Never Co-Sign a Loan For Someone Else

If a family member, friend or spouse wants to take out a loan, you might assume that you’d be doing them a favor by agreeing to have your name on the loan as a co-signer. If you’re a parent whose child asks you to co-sign a loan for them, it can be difficult to refuse. It may be hard to say “no”, but you need to think about your own financial situation, because you could find yourself in a lot of trouble if the primary signer has trouble making the payments. Here are 3 reasons why agreeing to co-sign a loan is a bad idea.

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Wednesday, April 28, 2010

Costs In Buying A Home Besides Your Mortgage

Sumber:http://freefrombroke.com/2010/04/costs-buying-home-mortgage.html
“What are these home costs?!?” you scream to yourself as you start your life in your new home. You went through your budget with a fine tooth comb, making sure you could afford the mortgage payments. You negotiated the house price and got a good interest rate on the mortgage. You know what your local taxes will be and you home insurance costs. You thought you were set. Then the OTHER costs rear their heads. You quickly realize that owning a home isn’t all about being able to pay the mortgage.

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Term VS Whole Life Insurance – What Do The Numbers Show?

Sumber:freefrombroke.com
Craig/FFB, just wrote a great article discussing the differences between Term and Permanent Life Insurance, and to my amazement he was very fair when it came to permanent life insurance. Most financial bloggers aren’t as partial, and spout (without ever running numbers) the standard “buy term and invest the difference” kool aid. So I asked FFB for the opportunity to actually run the numbers between term and permanent life insurance.

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The Lost Art of the Thank You Note: Give Honest, Sincere Appreciation

Sumber:http://blog.dalecarnegie.com/
Writing a sincere thank you note is one of the professional skills that can make a lasting favorable impression. People like being appreciated. One of Dale Carnegie’s fundamental human relation principles is “Give honest, sincere appreciation.” When writing a thank you note, use a plain, small card. However, the card is not as important as the effort, so if paper is all that is available, write the note anyway! Use this 6-step formula as a sure-fire method of expressing appreciation in a written note.

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Tuesday, April 27, 2010

Being Logical and Never Buy a House

Sumber:http://moneyning.com/housing/being-logical-and-never-buy-a-house/

My wife sent me a link to calculate the cost of renting vs buying a home the other day, which was basically a pitch from a home builder about why owning a home is so great. If you believe the calculations, buying the home with the prices we would consider is save us $1,075,638 after 30 years.

On the surface, it sounds like we’ve got to jump on this home buying bandwagon that everyone else is on. After all, who would turn down 1 million dollars of savings? Looking at it further though, and there are many flaws with this calculation.

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Be Human and Buy a Home

Sumber:Moneyning.com
For an opposite point of view, check out the post titled Be Logical and Never Buy a Home.

Buying a home is one of those major events in life that everyone wants to experience. If we consider everyone we know, it will be apparent that people who own a house is usually living happier than people who don’t. There’s a sense of family and accomplish when we live in our own house. Here’s a couple more reasons why we all want to buy a house.

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Frugality in Practice: Alternate Modes of Transportation

Sumber:http://www.getrichslowly.org/blog/2009/08/17/frugality-in-practice-alternate-modes-of-transportation/
I’ve always been a car guy. It’s not that I’m mechanically inclined or that I get into the latest makes and models — neither of these is anywhere close to the truth — but that a car has always been my primary mode of transportation.

When I was a boy, my family lived in rural Oregon, six miles from the nearest town. Automobiles were our only real option for getting around. Even when I went away to college, I relied on a car for most of my mobility. And so it’s been for forty years. As I say, I’ve always been a car guy.

This summer, though, I’ve had a sort of epiphany, one prompted by your comments and suggestions. I’ve learned that I can save money and improve my fitness by leaving my car at home — by exploring alternate modes of transportation.

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Benefits of Using Prepaid Mobile Plan

Sumber:http://e-articles.info/e/a/title/Benefits-of-Using-Prepaid-Mobile-Plan/
Many have actually doubted the suggestion of changing from their common contract-based cell phone plan while only a few understood the reward of switching to prepaid plan. These could be due to more than a few reasons and from my delicate point of view, I can say that that they just do not have the idea on how great the plan is if used correctly; especially in terms of restricting your budget on cell phone usage. We will look into some points on how prepaid mobile plan can actually helps you to organize your spending habit as well as some other advantages.

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11 tricks to settle your credit card debt

Sumber:http://kclau.com/wealth-management/reduce-credit-card-debt/
Credit card debt is the most common consumer debt most people will have trouble with. Since it is so dangerous to carry around a few thousand ringgits when you do your shopping, credit card is the perfect solution in terms of convenience and safety. In other words, you are also bringing with you a huge amount of money to spend. If your credit limit is RM10,000 per card and you have three credit cards, it is like having RM30,000 spare money in your wallet to let you spend instantly.

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Sunday, April 25, 2010

Frugality Doesn’t Mean You Have To Deprive Yourself

Sumber:http://freefrombroke.com/2010/04/frugal-doesnt-deprive.html
What is the first thing that pops into your head when I say the word frugal?

Do you see an image of grumpy, old Ebenezer Scrooge sitting alone at his desk counting his money? Or perhaps you imagine yourself shivering in the dark, afraid of wasting money on heat or electricity?

If that’s what you think frugality is like you’re way off!

According to the dictionary the definition of frugal is:

Avoiding unnecessary expenditure either of money or of anything else which is to be used or consumed; avoiding waste

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Common Homebuyer’s Mistakes

Sumber:1stophomefinance.wordpress.com
You know buying a home is your long-term biggest investment. Making a mistake over the purchase of a house may be difficult to correct because of all the cost involved and the legal binds once the deal (and papers) are signed.

Here are some tips, offered by the many people we encountered:

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Saturday, April 24, 2010

Rules of 80/20 – Property VS Job

Sumber:http://investkk.com/rules-of-8020-property-vs-job/
Jobs are necessity for everyone. Any of you loves your job very much and satisfy with your paid? Your boss really asks you work from 8am to 5pm? Have you ever thought of looking for higher paid job? How much you can save from your salary per month after deduct your daily expenses and all compulsory expenses like car petrol, home loans, car installment, children expenses and etc? I strongly believe majority of the employees are not satisfied with their jobs especially when we talk about their salary. Your employer or even my employer will calculate every dollar they spend

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Unlearn what you have “LEARN”

Sumber:http://investkk.com/unlearn-learn/
Our Malaysia education required us to learn as young as 4 years old till 20 years old. Yes on average every one of us has learn everything about life for about 14 years. Frankly what you have learned for the past 14 years? Are you really practicing it for good? For me, I learn more from street rather than in school. Street education taught me how to work smart and make profitable move rather than schools smart whose only awards me with highest mark if I done something right. I’m sure you will be surprise when your schoolmates who can’t even pass their SPM or PMR are earning better money than you who has higher education. One of my secondary schoolmates now is earning around RM20K per month running bird nest farming. She is married with 2 kids and for your information her highest education is only till form 6.

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Friday, April 23, 2010

Top 5 Questions From Malaysia Income Tax Payers

Sumber:http://fortunesense.blogspot.com/

Do you know what are the top 5 questions being asked by the public when thay called up the Inland Revenue Board of Malaysia (IRB) call center?

Here are the top 5 questions and see whether your questions have been answered.

Question 1
How do I register an Individual income tax reference number?

Answer 1
There are 2 methods of registering an income tax reference number:

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Cost of Selling Property Charged by Seller’s Lawyer in Malaysia 2010

Sumber:http://www.horlic.com/cost-of-selling-property-charged-by-seller’s-lawyer-in-malaysia-2010/
How much is the seller’s lawyer charges for selling a property in Malaysia? It’s important for seller to know about all the charges in order to calculate the cost of selling property precisely.
For easier understanding, I have requested an quotation from my lawyer on the legal fees and other charges of selling a condominium in PJ, freehold, bought direct from property developer, selling price at RM380,000, master title, and etc.. Example:

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Thursday, April 22, 2010

Information & Documents Needed by Seller’s Lawyer for Selling a House in Malaysia

Sumber:http://www.horlic.com/information-documents-needed-by-seller’s-lawyer-for-selling-a-house-in-malaysia/
What are the procedures of selling a house in Malaysia? If this is your first time to sell a house, then you should appoint a lawyer representing you to handle and ensures all the proper selling property procedures are in order, accordingly.
It doesn’t make sense to save the few thousand legal fees and putting you into the risk of a deal involving easily hundred thousand, agree?
After you have appointed your own lawyer, prepare the following information and documents immediately for them to proceed the selling process:

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Don’t Invest Property in KL Top 10 Flood Prone Areas

Sumber:http://www.horlic.com/don%E2%80%99t-invest-property-in-kl-top-10-flood-prone-areas/
Is my property in a flood zone? It is a nightmare question to be raised in every home buyer’s mind regardless they bought it for investment or own staying purposes.

Recently, heavy rain in KL and PJ almost every day. Flood warning system is alarming. The State Drainage and Irrigation Department (DID) and Kuala Lumpur City Hall (DBKL) are on high alert for flood monitoring in Selangor and Kuala Lumpur (KL). They have spotted Top 10 flood prone areas in KL as below:

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Wednesday, April 21, 2010

7 Attributes of the Truly Confident Person

Sumber:selfgrowth.com
- By Elaine Sihera
A lot of people might believe they are confident, depending on how they feel on any given day. But confidence is not a fleeting thing that is here today and takes a holiday tomorrow. Confidence is all pervasive. It shows itself in every aspect of our lives: the way we view ourselves, perceive our world, approach crises, the way we treat others, our readiness to exercise compassion and forgiveness, and, most important, the way we treat ourselves.

True confidence is an incredible feeling because it has a few key attributes embedded in it, seven of them, in fact, which are the hallmarks of the truly confident person. You cannot say you are confident unless you score highly on each of those seven aspects.

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About This Blog

Was established since 20th Rejab 1430.
Just to educate myself.
`Sharing is Caring-The more you give,the more you get``

`Berhati-hatilah kamu dalam berhutang, sesungguhnya hutang itu mendatangkan kerisauan di malam hari dan menyebabkan kehinaan di siang hari.`-Riwayat al-Baihaqi


`We are often afraid to do things until we are sure we will do them well.Therefore we don`t do anything...`


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