As reported in a business weekly, according to Department of Statistics Malaysia’s Housing Income and Expenditure Survey 2014, the average monthly total household expenditure is increasing faster than the household income. The survey covers a total of 42,000 households within the first half of 2014 and will eventually cover a total of 83,456 households by … Read moreSpending more than earning – first half of 2014
Over past few years, at least 10 friends have asked me about withdrawing EPF either for housing or unit trust. For the housing ones, I would normally ask if they are really so burdened they needed it. If the answer is no, then I would suggest not to withdraw. Then, there are those who come … Read moreI am not using my EPF for Unit Trust. My view.
GST was supposed to rationalise the tax collection so that if you consume more, you are taxed more. Especially the GST rated goods. For the essentials, as usual, no GST. Oh yeah, until today, you can still get a loaf of economy bread from Tesco for just RM2. There are 16 slices which is enough … Read moreBudget 2015: Tax Breaks / Relief for Individual and Corporate
What do you do with your money these days determine how far you can stretch it and how fast you can grow it. I read in an article in a local daily that the bank deposits growth rate from individuals are actually rising the slowest for the past few years. One main reason stated was … Read moreIdle money, savings in bank, unit trusts and more
A friend who’s a manager in a insurance agency related the differences between teaching an agent with a Diploma, a Degree and a SPM holder today. She said, teaching a SPM holder requires huge efforts. There are so many things they do not understand and needs guidance and they also lack the thinking capability. A … Read moreDegree, Maturity and Attitude Matters
A young colleague spoke to me the other day. I term young as those who are younger than me by 5 years or more. How old am I? Many more years to 40. Haha. He said, if I were to buy a condo, rent it out and retain one access card so that I can … Read moreGym membership, condo and its facilities, your money and you
I speak for myself only yeah. Let me explain why ‘risky to buy’. Today, I seriously do believe property prices has risen much faster than the salary growth due to the periods of 2009 till 2012. There were still good condos, in decent areas and a size of 1,200sf for less than RM250,000 in 2008 … Read moreRisky to buy or Risky Not to buy.
I read an article on how banks should keep themselves safe and not cause another financial crisis. It said that because banks lends out way too much of their money compared to their actual ‘capital’/equity’, it will become unstable quite easily should their loans they gave out or the investments they invested depreciated by just … Read morePlaying with ‘Borrowed’ risk. Are you one of them?
I was in Singapore for a few days on a business trip. There was an interesting topic on television. Singaporean teachers without a Degree hope that they will be placed on the same salary scale as those with a Degree. The reason being, they are doing similar job. Today, what happens is that they are … Read moreDegree, Diploma, Masters or None. Qualification matters, yes.
A close friend asked me to join her for an informative property talk by a prominent property guru. That property guru is very famous and I bought her book before. In fact her book was the second one which I bought and I have read it a few times over. The speaker would be speaking … Read moreSeminars, Talks, Property Gurus and Articles