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Category: ABCs of Personal Finance

abundance achievement bank banknotes
ABCs of Personal Finance

Update about the ‘worst’ currency in the world

Do take a look at how fast and furious was the rise of the interest rate in the US and do understand that if you are an investor, you are not that clever if you do not take advantage when the interest rates keep on rising every quarter. Would you still want to put your money in a place where the FD rate is much lower? This is the LATEST OPR for Malaysia. OPR is maintained at 3% (read here). By the way, the higher the rates, the worst it would become for the people servicing loans yeah. If these people pushes up the bad debts, it will not benefit anyone.

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turned on flat screen smart television ahead
ABCs of Personal Finance

Personal Finance 101: Buying a new TV? Is Google TV and Android TV the same?

This coming Saturday (15th July 2023), I will be getting the keys to my first landed property home.I say home because this is for my own stay and not as an investment. I bought my first own stay property in 2003 and it is now 2023. That’s 20 years and this is also my 5th home. So, on average I move every 4 years. 🙂 I will need a new tv for my new home, so I was out searching for it and I found this friendly sales person in Aeon Big Kepong. He explained to me in very a very thorough manner. Do go to the TV section and I think he will be there to explain to you as well.

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pexels-photo-11952741.jpeg
ABCs of Personal Finance

Personal Finance 101: I buy EV so that I save money. True?

Just these three would allow savings of close to RM20,000 per year!! Now, this is what I call savings. Then again there are friends who told me that when they buy an Electric Vehicle (EV), they are saving money. Please allow me to smile first. Okay, now we look at the photo below:

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desperate evicted male entrepreneur standing near window
ABCs of Personal Finance

Property Investment 101: When there’s a crisis, home prices will drop

When a home owner is worried about potential financial crisis, he is just worried. He does not suddenly decide to sell his property at a super huge discount unless of course the financial crisis has affected his financial standing. For example, loss of income or even a sudden need for cash. This is why not every property is up for sale even during a financial crisis. The good areas, with stable owners, we will find a couple of units up for sale and for these, it’s usually snapped up pretty quickly by people not affected by the financial crisis.

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ev charging station
ABCs of Personal Finance

Personal Finance 101: Nope, EVs do not save you money. Get serious!

Over 10 years ago, my wife told me about her colleague who shared that he bought a hybrid car because he wanted to save on fuel. It could be driven like many hundreds of km and the cost to pump petrol is super low. I laughed. Please note that we can never save enough from petrol costs in order to make these hybrids become cost-effective to our expenses yeah. Hybrid cars of the same size versus petrol cars are usually double or higher the price of a similarly sized car. Let’s just do a simple calculation as below.

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photo of buildings during daytime
ABCs of Personal Finance

Financial news: When inflation meets head-on with renters

“This is the worst housing crisis in 30 years,” said Gabriel Mraida, president of the Buenos Aires municipality’s Institute of Housing. According to income tax data “there are some 70,000 registered rental housing units in the city, but… about 500,000 households are tenants, just to give you an idea” of the scale of informal rental, he told AFP. Do read the full article with a lot more stories here: article in nst.com.my

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coins in a jar
ABCs of Personal Finance

Financial News: Household Income Classification – B1 to T2. What’s the actual number?

I have friends who are no longer working and is way below the typical retirement age. One just came back from Pakistan and few weeks later went to Laos and few weeks from today will be going to another city in China. Another flew overseas and attend cooking classes. Another friend who is within the stsrting point of M40 classification below bought he third property a few years ago.

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ABCs of Personal Finance

Mark your calendars because INVEST Fair is making a comeback!

This is a common question to me when they know I am the founder of kopiandproperty.com which is Malaysia’s leading independent property blog. “Do you think property investment is the best investment type?” Sorry, my answer is not what most people expect yeah. Investment, as long as it continues to provide good returns, within acceptable risks to the investor and continuous would be needed. Period. It’s all about Investment and not about whether property or stock or whatever type yeah.

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ABCs of Personal Finance

Property Investment 101: 3 Powerful Tips from Bos Molly

I am a founding member of this very amazing club which I have learnt a lot and also shared my knowledge, experience to. Kuala Lumpur & Selangor Property Investors Club. Recently I attended another one of the super informative sessions only for members and one of the speakers invited is none other than someone whom I have been following for a while. She is none other than Bos Molly. Take a look below:

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ABCs of Personal Finance

Property Investment 101: Working and Investing are complementary for journey to financial success

It’s not just the working professionals yeah. The entrepreneur is also working to achieve her financial success. In fact she needs to work harder than a working professional because the entreprenuer has no income ceiling as everything is dependent on the success of her business. Meanwhile, a working professional no matter how he works would earn the same salary every month except when he gets a promotion or a bonus and an increment after every 12 months.

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