Let’s understand these two facts. 90% of rural households do not have any savings at all. For urban households, 86% have zero savings! This meant that only 14 percent of households in cities have savings. The full article in TheStar here: Sad Truth about Financial Standing. Within the article, it was pointed out that most Malaysians … Read moreSerious matter yeah. Be financially savvy and do something. Else…
Specifically for Malaysians. When should we retire? Let’s focus this question only on age before moving on to other reasons. Is your answer as follows? 55? (This was long ago…) 60? (Yeah, this is supposedly current number) 65? (British men’s retirement age) 75? (Forbes article says so, in reference to millenials in the U.S) 93? … Read moreTips for retirement? It includes ‘don’t retire so early.’
When I posted an article about Jack Ma’s retirement in my Facebook page yesterday, the number of reach was super-high. There were also comments and well, many did not believe that Jack Ma was about to retire. I too have my doubts but then again if one of the richest man in the world says … Read moreTime to retire just like Jack Ma? Wait a minute… not yet.
Do you know that in less than 20 years, Malaysia will be an ageing nation? The year that it is projected to happen is as early as 2035. Referring to the chart from newsletter from Department of Statistics, Malaysia. will reveal that the chart looks pretty scary. From a wide bottom half, we can see the … Read moreWhen we are living much longer… better prepare MORE.
Many years ago, I read Mr. Yap Ming Hui’s book ‘Maximise What You’ve Got… No matter how much you have now.’ Powerful title and something extremely important because it’s quite usual to hear people complaining how little they have. Yet, not many bothered to use whatever little they have to create more wealth. Frankly, not … Read moreHow ready are we? How much do we have? How to prepare? Retirement…
We often do not think about retirement until the time when we need to retire, whether or not we are ready. Some may even think that the employers would take care of us until we retire. Well, here’s an actual fact. We retire at 56 perhaps but Malaysians are set to live till 76 or … Read moreRetirement thoughts? Getting ready is the key
For ‘young’ at heart people who are thinking of places with white sandy beaches overlooking the sea, over 4,000 metre mountain peak loved by many, world’s oldest rainforests worth exploring every year and even UNESCO Heritage sites and cities? All these are in the same country; Malaysia. This is also a read for those who … Read moreDo not come to Malaysia just to retire… Be an Enjoyee instead!
Birth rate of a nation determines if the population is growing up or going down. The minimum birth rate per woman needs to be 2.1 for the population to be growing very slowly. Any number lesser than 2 means the country is getting smaller every year. I contributed two. So, just on the dot. 2 … Read more1.5 vs 2.1 vs 1.24 – Population growth or Ageing nation
The Employees Provident Fund (EPF) has declared a dividend rate of 6.9 percent for conventional savings (Simpanan Konvensional) and a 6.4 percent dividend for shariah savings (Simpanana Shariah) for 2017. Total payout for the conventional savings is RM44.15bil while that for shariah savings is RM3.98 billion. We can see that as at currently, the shariah … Read moreReturn of over 60 percent above FD rate. Good job and keep it up!
Someone forwarded an article about Malaysia being the best place to retire in Asia and 5th in the whole world as per the new Retirement Index from International Living.com The index took into consideration the criteria such as cost of living, healthcare and climate. The reasons for Malaysia being 5th best in the world? Our tropical … Read moreBest place to retire vs most liveable city