“Could her loan be approved if she’s taking 90 percent?” “If not, what about 85 percent then?” “Oh, you mean without her increment, her loan application may be rejected but now with her increment, the bank will usually approve?” These three sentences were a conversation between a good friend with his banker friend. He was … Read more4 reasons why we should not over-stretch (debts wise)
We have a degree. We have a good job. We saved money. We bought a new Segment B Japanese car. There’s the Vios, City, Mazda 2 and the Almera. We drove it to a friend’s party. How likely will all our friends be swarming over that car and congratulate us that we have finally ‘arrived…’? … Read moreFocusing on what really matters
What if the property we are staying now dropped in value? For example, from the usually transacted RM500k, it is now usually transacted at just RM400k? We have lost RM100k on paper. If we sell, we have lost RM100k in cash. If we have holdings in the stock market and a bear market arrives, we … Read moreDrop in household net worth is scary.
The following are a compilation of people and what they do before they could be known as a billionaire or for some, now a multi-billionaire. Understanding what they do allows us to also examine if we could also come up with some novel ideas, get funded and make it successful throughout the world. It used … Read moreAiming to be a billionaire? Learn what they do, first.
I went to Kota Kinabalu last weekend, again. Event was the Home OwnershipCampaign Expo 2019 where I spoke on “10 things a First-Timer should know when it comes to property investment.” Haha. Yes, as someone from Peninsular Malaysia, I think I am well above average in terms of travelling to East Malaysia. When I told … Read moreOvernight parking in KLIA needed? (save $$$) Another option for ‘Damansarians’ 😛
Without our own additional savings, it’s only the EPF savings by the time we retire. However, the scariest thing is when we do not own the place we live in when we retire. Earlier article here: Escape poverty through property By then, without an income and still needing to pay a monthly rental is going … Read more100k bankrupt Malaysians. 70% has less than RM50k in EPF.
Someone asked if buying a property is a must. Seriously, it is NOT. If one has barely enough for monthly expenses, why ‘waste’ it on mortgage payments? If we are moving from a smaller town to KL for work and intends to stay just 2-3 years, should we buy a property? In a Facebook posting, … Read moreMoving around, so better not buy?
KCLau.com is a site which I think every Malaysian looking to understand personal finance must go to. Download the Money Management Survival Guide here too. It is thus my honour to be invited to conduct another Webinar on 6th March 2019 @ 1pm SHARP. Some explanation about the Webinar. Topic: Best Timing & Best Property. … Read moreBest Property. Best Time. My Webinar session in KCLAU.com (1pm, 6th March)
I love rags to richest stories. I personally think it’s much better to become rich because of one’s effort and not because of the family. 🙂 These days, if we have a great idea and we are able to ‘sell’ it to the world, we could become rich super fast. Company valuation of online companies … Read moreStarted with RM65 / month. Now worth RM33.8 Billion.
Someone shared a status on FB and said that his relative, an elderly man at at the age of 77 was still healthy enough to keep working in Singapore. (a repetitive daily job for 8 hours) I just wanted to say that I have every intention to continue working until the day I say bye-bye. … Read moreProud because one can still work at 77? Depends on role and start planning!