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ABCs of Personal Finance

Malaysia’s Inflation Drops to 1.3% in October

How much do you spend in the morning for breakfasts? RM10? RM5? Maybe skip the drinks and it could be cheaper too. These days, if I drop by any Chinese kopitiam for breakfast, it will easily be over RM10 per pax. One Wan Tan Mee and one Teh C Panas will be a total of RM12. I still remember when it used to be way below RM10 for this combo when I was younger.

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ABCs of Personal Finance

Buying motorbikes priced over RM200k?

My late father sent me to school everyday in his Honda motorcycle. I think that was when I was in my primary 1, 2 and 3. Once upon a time, 4 of us were on the same motorcycle. My little brother in front, my father behind him, followed by the skinny me and then my mother at the back. WOW. Haha. Okay, it was just within the little town Teluk Intan yeah.

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empty subway train
MRT LRT ECRL HSR etc

Light Rail Transit 3 is in final phase of testing! Let’s ride it soon!

Let’s take a look at the stations below. If you are staying nearby one of the stations, will you stop driving and take the LRT instead? I have since asked 3 friends staying in Shah Alam. They say the stations are a quick drive away but they have to send children to school… they need their car… they need more flexibility… well, maybe it will help to alleviate by reducing the number of cars but I think traffic jams cannot be a thing od the past.

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ABCs of Personal Finance

61% of Malaysians Struggle to Raise RM1,000 for Emergencies

Results from Bank Negara Malaysia (BNM)’s Financial Capability and Inclusion Demand Side Survey 2024 showed that 61 percent of Malaysians face difficulty to raise RM1,000 as emergency fund. This seems to have gotten worse as it was 52 percent in 2018 and 47 percent in 2021. Briefly, this meant that we have even more Malaysians who say they could not raise RM1,000 as emergency funds. Many reasons were stated including rising cost of living and even the possibility of overspending too.

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Oil Price Related

Oil oversupply means lower petrol prices

If there are signs of higher demand and supply being the same or maybe reduced due to some unforeseen circumstances like war, logistics etc, then oil prices will go up. This will then cause the petrol price at the pumps increase too. For Malaysia, we are lucky because the subsidy given to Malaysians meant that no matter how the oil price moves, the petrol price will remain the same; WAY LOWER than all the countries with borders with us.

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EV and Cars

The new Saga. 10,000 bookings in 5 days

10,000 bookings is crazy lah. This is not buying vegetables or fish in the morning market yeah. This is minimum RM40,000 lah. Earlier article here: RM40,000 – RM50,000. Repayment per month is just RM450? Just using a similarly priced Saga 1.3 Premium AT for calculation since the actual price is not yet revealed, just the estimated price of RM40,000 – RM50,000.

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ABCs of Property Investment

Top 5 Reasons for Selling Property Below Purchase Price

This was a valid statement by someone who was maybe very wealthy, so just wanted to show how rich he was. It’s not a positive statement because it’s not a positive one. Selling lower than the price we bought simply meant losing money. Well, if losing money still proceed to sell, then maybe the seller is thinking about property just like the stock market; cutting loss.

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News

Why USA’s Population Will Keep Growing While Others Decline

Did you know that when it comes to population, the decline has already started to happen for countries like Japan, South Korea, Germany and even China. However, one country will be bucking the trend. USA will not follow this trend because it remains an attractive magnet plus its population is also still growing. Please do take a look at the below for populations of selected countries. UK is also still showing growth and it would only peak in 2063! Maybe this is also helped by migration from other European nations too.

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Retirement Related

Retirement Age in Malaysia: Pushing to 65?

Many friends have chosen to retire way before 55. Two very close and good female friends come to mind. One is a super successful professional who’s a single and another has a very capable husband and thus she relinquished her senior role and stopped working. Some however are still working and they are past 60! However, their companies wanted them and kept offering them contract extensions…

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