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ABCs of Personal Finance

How to Cut Petrol Costs During Your Melbourne Trip

I wanted to drive to some places during the weekends, so I rented a car. Take a look at my MG3. Brief review? Fuel consumption is on the low side, it sips and not gulps. Driving wise, erm… do not drive too fast. Power wise, erm… climbing hills not its specialty. On a straight flat line, pick up is good. Size wise, pretty good for a small car and it looks bigger when it’s right beside a Polo or a Mazda 2 for example which are supposed to be same class. My Melbourne friend told me that this is presently the cheapest car an Australian could buy. The price is even cheaper than used car of similar size but the typical Japanese, Korean or American brands! Haha.

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Kuala Lumpur / Selangor Props

Safety Concerns: Landslides from Rain and Poor Maintenance

I just checked on my friend who has a unit in Seputeh. Her unit is fine. However for the people staying in the apartment or homes nearby the landslide, future heavy rain will always make everyone very alert. When I read the interview with a resident in the article, she said that the drainage system for the apartment has always been problematic. I wonder if proper maintenance could have prevented any untoward incidences this time and also in the future. Let’s wish something serious will be done, especially by the authorities together with the management of the apartment. Do read the details below:

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ABCs of Personal Finance

Wealth Preservation: A 1,750-Year Plan

However, we do not need that much of money to enable the next generation and the next and well, next, next and maybe another 350 generations??!! The below shows how a Hong Kong property tycoon thinks well ahead to ensure the wealth in the family is preserved for hundreds of generations to come. Do read and understand how this clever man left his fortune to the next generation.

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ABCs of Property Investment

China property buyers are the top among foreigners buying properties in Malaysia for 1H 2025

I would love for foreigners to appreciate our property market enough that they actually chose to buy properties here. However, I would not want the property market to be so attractive that the buying becomes rampant or over double digits in some countries. When someone super wealthy buys a property in another country, chances are, they will be willing to pay more and this will inevitably lead to higher property prices if every transaction is showing an increase in price. So, which are the countries buying a lot of Malaysian properties? Is it C, I and S? Haha. Read on:

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ABCs of Property Investment

One day, property prices could become fully and totally unaffordable?

Buying wrong properties is fatal. Buying overpriced properties will mean a long time to recovery for this financial mistake. Waiting too long just meant that someone else is getting richer but just not the one who’s renting…I believe buying a property should be as quickly as possible if our financial capabilities allow. PLEASE REMEMBER, BUYING THE WRONG PROPERTY IS STILL WRONG yeah. PLEASE ALSO NOTE THAT OVERSTRETCHING FINANCIALLY IS DANGEROUS yeah. Due diligence is needed for all types of investments. Understand what we buy and do not blindly follow any friend or any property guru who’s a very good presenter.

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ABCs of Personal Finance

Houses vs Units: Which Will Make You a Millionaire?

I arrived in Melbourne last Sunday and will be in Melbourne for around 10 days. I met my friend who shared with me that she was staying in a townhouse and she explained that a townhouse meant that the owner of a big piece of land decided to sub-divide the land and build units within the same land. Her home is one out of 16 other units within the same piece of huge land. In other words, this particular house on one piece of land was demolished and 16 units of townhouses are now on the same piece of land. Do read a brief explanation below:

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ABCs of Personal Finance

Can Billionaires End Global Poverty?

Yes, these days, millionaires do not really mean that much because of inflation unless if the million is in US$ or UK Pound or even SGD. However, how rich is really rich and what can the richest in the world do for the poorest in the world? Here is one little suggestion from Oxfam which said that just one year of what billionaires made for one year can lift all the world’s poor out of poverty. I repeat, just one year worth of earnings from the billionaires in leading economies is ENOUGH to lift the WORLD’s poor out of poverty. Means they would have enough to eat and a place to stay. That’s all… Read on.

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ABCs of Personal Finance

Is RM1 Million Enough for Retirement in 20 Years?

If we retire at the age of 60, we need to have enough funds to live comfortably for the next 20 years. This is based on typical life expectancy in the future which is quite real. If we like to reduce the number of years from 20, then we just need to work till 65 and we need just funds for 15 years or if we work till 70, then we need funds to be just 10 years. We can definitely live longer but for planning purpose, we should use a number and that’s life expectancy lah. So, what is the age that you want to retire also determines whether RM1 million is enough.

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