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Running away from tax? Don’t show it on social media!

Anyone selling a property in Malaysia these days would have to pay the Real Property Gains Tax (RPGT) even if the period of holding has exceeded 5 years.  Here’s an earlier article how to calculate RPGT Selling a property may be easier to tax because these are documented. What happens for some things which are not … Read moreRunning away from tax? Don’t show it on social media!

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Benchmarking the richest people in the world?

If we look at the wealth of a country and divide it by the number of people living in that country, the country with the highest wealth per population is Switzerland. The wealth per adult is US$530,244 (RM2.22 million). The lowest in the top 10 list would be the French with US$280,580 (RM1.17 million). Australians … Read moreBenchmarking the richest people in the world?

Income has to catch up because prices will not fall

When it comes to Personal Finance, it’s down to PERSONAL issues. It is usually not determined by Budget 2019 or the government. For example, I wish my job is easier. However, at the same time, I wish my salary is also higher. Briefly, when someone in a cheaper cost country could do what we do … Read moreIncome has to catch up because prices will not fall

Budget 2019: Simplicity matters, really.

Many friends were discussing about the fuel subsidy in Budget 2019. Well, naturally drivers of Exora 1.6 and Persona 1.6 are unhappy (my wife and I) while that of Vios 1.5, City 1.5 or even Almera 1.5 are happy that they will be receiving the subsidy of 30 cents per litre up to 100 litres … Read moreBudget 2019: Simplicity matters, really.

Working is also about responsibility, not just money. (you can leave too, right?)

This morning, I was listening to the radio and this topic came up. “Should we reply our bosses if they were to message us after working hours?” What are your thoughts? As usual, many employees called in to complain about their bosses being very inconsiderate. They said that their bosses expected immediate reply regardless of … Read moreWorking is also about responsibility, not just money. (you can leave too, right?)

Income level is more important than the property price. True?

Here’s a long article in NST which I think gives a very good idea about the property market versus the salary. Many prominent property people were also quoted. Read it here: ‘It’s more about income level, not pricing’  Let’s look at what Real Estate and Housing Developers’ Association Malaysia (Rehda) council member Datuk N. K. Tong … Read moreIncome level is more important than the property price. True?

Lifestyle is not about spending more, it’s what we are comfortable with

This is not something I say yeah. Millennials most likely to post deceptive vacation photos to make social media followers jealous. Click here for the article.  However, it does reflect the current situation with most of the millennials I know. They will go overseas vacations every year without fail but has never visited Sabah / … Read moreLifestyle is not about spending more, it’s what we are comfortable with

40 years loan tenure? This is the BEST for the buyers?

SERIOUSLY, I am not sure if this is the best for buyers. I also wonder if there were consultations with working professionals like myself. Perhaps they have by far more professionals who has browsed through by far more data than me. Reported in TheEdgeMarkets.com article here,  Housing and Local Government Minister Zuraida Kamaruddin said, “Bank Negara Malaysia … Read more40 years loan tenure? This is the BEST for the buyers?

New taxes to pay debts; small kitten back to Asian tiger?

GST has been zerorized. People seems to be happy and we could see that car sales hit record levels. Earlier article here. Some car companies had to work around the clock to fulfill some of these requirements. SST has already started for slightly over one month. Well, there are debts beyond just the difference of … Read moreNew taxes to pay debts; small kitten back to Asian tiger?

10 reasons why we will fail to buy a property.

Not everyone loves to buy a property. Some (usually the younger ones) say vacations are better than a property. The former gives FEELING of happiness. The latter merely adds debt and worry of not being able to pay on time. Plus the fact that they can show off to their peers when they post those … Read more10 reasons why we will fail to buy a property.

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