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Would 2014 be a tough year?

Posted in Personal Finance

Subsidies are cut. Petrol prices may continue to rise contributing to higher inflation. Toll rates are going up. Electricity bills are also rising. With the huge growth for past many years, there may be too many residential properties; oversupply. Already we could see transactions for KL / Penang is down year on year. So, would everything be pessimistic in 2014?

Actually, subsidy cut is a must. Alternatively, the government of the day goes bankcrupt in the near future. When the subsidy of petrol first started, petrol was just US$10 per barrel. these days, it is US$100 per barrel. The car ownership is also much, much, MUCH higher. If I must pay more for petrol in order to drive, then I will work harder and continue to drive. Instead of 4 hours of Aircon, I will reduce it to 1 hour. Instead of buying that new Samsung s5, I will make do with a cheaper smart phone which is one second slower and I don’t really care how people look at me.

My personal view in 2014 or any future years are, change what I can change. One simple example. You may calculate the cost of savings from a cheaper smart phone versus a very expensive one. It is easily extra rm150 per month if you use it for one year. Oh yeah, I do not believe I need a RM100,000 car to show off. I drive only a 43k persona, bought year end thus extra discounts of rm3k which meant I saved another RM250 per month. If I want to show off, I better be driving a minimum Segment D car. If just segment C, majority of all my better off friends already driving one, ย even if I buy, I am just one out of many.

Yes it is true, there are so many people we can blame. They are no good. They do not know about economics. However, my advice would be take actions, move yourself up. One last question, for the past twelve months did you improve a lot in everything you do? If you did not, please BLAME yourself for not doing much better. Do you know that every year you will get a tiny little small increment if you perform to expectations? The truth is, if you perform just exactly the same last year, you should not even get an increment. I have a younger close friend who does not even have a degree, he does not even have a full diploma, merely one of those stage 1 IT diplomas. However, he works hard. He improves, he is willing to travel when the company requires him to. He covers when his other colleague is on leave. He now owns two cars, a nice property and two babies. A lot of my friends owning degrees are not even half as successful and majority of the time, when we come out for mamak, it’s non stop complaining, irregardless of whether the economy is good, bad or ugly.

written on 23 dec 2013.

next suggested article: Property Investment? You better have time.

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17 Comments

  1. asali
    asali

    I think Penang were most affected rather than KL for property sectors. I think is a bit not that right to cut-down own expenses rather than earn more $$$.

    December 25, 2013
    |Reply
    • agree asali. lets earn more primarily and cut what is necessary. as for penang more affected I would think unlikely. but then again i am not an economist.

      December 25, 2013
      |Reply
  2. get prepared for though Year 2014, go for consolidating mood.

    December 25, 2013
    |Reply
    • hubert, agree totally with you. maybe second half would be better than first half?

      December 25, 2013
      |Reply
  3. Hui Yi
    Hui Yi

    Ya, it’s year end again and it’s time to look back what had been done and what should be done. The toughest time will b the time u don’t prepare yourself well.

    December 25, 2013
    |Reply
    • how true! luck follows those who work hard. did you?

      December 25, 2013
      |Reply
      • Hui Yi
        Hui Yi

        Love this quote always.Sound abstract yet so true.

        December 25, 2013
  4. Crystal Teh
    Crystal Teh

    We should look forward and ignore complaint too much. Complaint is live in the pass, should look forward how to get improvement ๐Ÿ™‚ Inflation is a matter that we unable to control, what we could do is accept the fact, and think on how to overcome and get improvement on ourselves to prevent it affect us. No matter how is the inflation, what happening, we still need move forward with positive thinking ๐Ÿ™‚

    It’s is year end soon, just leave few days. Whatever that we no complete at year 2013, complete it on year 2014 and think on the way what is reason cause failed and how to get improvement. Is time for me to do yearly review on myself again, to perform better on coming new year ๐Ÿ™‚

    December 26, 2013
    |Reply
    • How profoundly true Crystal. No wonder you are so successful. Always eat good food. Oops…. haha

      December 26, 2013
      |Reply
  5. Crystal Teh
    Crystal Teh

    Hehe, i should learn from you ๐Ÿ™‚ Had few property on young age, this is what i should learn from you.

    December 26, 2013
    |Reply
    • pls be reminded, my debts more than my cash…. not necessarily a good thing.

      December 26, 2013
      |Reply
  6. Crystal Teh
    Crystal Teh

    I think on next meet, should ask you on how to have few property on young age. What is your secret? Hehe….

    December 26, 2013
    |Reply
  7. Crystal Teh
    Crystal Teh

    After fully paid the liability, it will turn to assets ๐Ÿ™‚ The most wonderful thing i learn from you is, you purchase the property is solid, while some people as i share with you before, paid the down payment at few property and sell it when completely build to turn cash. You are no urgent to sell the property, what you looking is right timing. This is the most i respect you ๐Ÿ™‚

    December 26, 2013
    |Reply
    • note. if you intend to sell, the faster you can sell the better. not hold on. for me, the prices I am selling already is a good value since within the next few years, the prices sure appreciate further but people want to put down my property. It is ok, I am very sure these people are able to buy something much cheaper from the many desperate sellers out there. ๐Ÿ˜› One example, my friend kept telling me that everyone is throwing price for The Peak Residences. Yet, so many people viewed my unit despite the fact that my price is much higher than what my friend mentioned. Oh yeah, after 31st December, I told my agent don’t even push my unit since there are SO MANY sellers. For buyers who still waiting…. all the best.

      December 27, 2013
      |Reply
  8. Crystal Teh
    Crystal Teh

    Keep hold the property, when the price fulfill our figure then only sell it. For rushing sell, high possibility get regret when coming soon price increasing. The Peak Residents locate at golden area, the price will increasing more.

    December 27, 2013
    |Reply

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