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Day: July 23, 2024

woman pouring cappuccino
ABCs of Personal Finance

Coffee. Cafe. Not Luxury. Delivery. Simple Formula. Property Investment Thoughts?

I was meeting a valuer who has over 6,000 followers yesterday evening. He gave a presentation just last week during the Malaysia Land Conference and I learnt a lot of new knowledge from him. I have known him for some time but has not heard him speak and I think more organisations need to invite him to share his wealth of knowledge. He is Henry Heng. Follow him on LinkedIn here: Henry Heng, MBA, Valuer (Asset and Business). We met at a brand which is today my favourite as I could just order and then drive by the cafe to pick up my coffee. It’s ZUS COFFEE.

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illustration of woman analyzing financial line graphic
Interest Rate

Interest rate of 6.25 percent is high…

Our current overnight Policy Rate is 3 percent. Home loan would be higher, probably 4.3 percent? FD would be around the same number as the policy rate. This 3 percent is considered low as I started working in 1998. So, I have been through the days when car loans were double digits, home loan was 7 percent and this went down to as low as just 3.x percent for home loan not too long ago.

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man near carton boxes with many different words about stress
ABCs of Personal Finance

Renting a place and budget of just RM1,500 – RM2,000?

These days, renting is quite easy. Choices are aplenty and it depends on just the budget that we are willing or capable of paying. I think in order to stay at a place with certain facilities, probably furnished partially and has good amenities within the area, RM1,500 – RM2,000 monthly rental is considered a reasonable number. Sorry, no pent-houses with this budget yeah.

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