Hari Raya Sept2009

Hari-hari Festival macam Hari Raya memang membuat satu lobang yang besar di kocek aku. Dah buat budget tapi berlaku juga ketirisan. Mungkin aku tidak tegas. Tetapi kasihan jugak melihat orang-orang disamping aku itu. Inilah kelemahan besar aku.

Setahun sekali. Sekali sekala. Alasan-alasan yang authentic and genuine berkumandang seiring dengan lagu-lagu raya. Bertambah-tambah sayu rasanya saving plan aku...

delay gratification

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asb

baru-baru ini aku check annual report ASB 2008 kt website ASNB. saje jer. seronok jugak deduction yg aku reka-reka dari data yg diorang bagi nih. Begitu jugak bila aku tengak annual report dari KWSP dulu. Average duit orang yg pencen untuk tahun ini adalah lebih kurang RM120,000 aje. Berapa lama ler duit banyak itu boleh tahan? bebalik pada cerita ASB tadi ini macam nie cerita dia...

Pemegang unit

5,000 dan ke bawah - 5,104,378 orang (77.7%)

5,001 - 10,000 - 412,946 orang (6.3%)

10,001 - 50,000 - 749,749 orang (11.4%)

50,001 - 500,000 - 296,862 orang (4.5%)

500,001 ke atas - 5,969 orang (0.1%)

Kebarangkalian untuk saya meneka tepat simpanan ASB kamu adalah RM5,000 atau kurang adalah 2/3 hehehe...

Biasanya diorang terketar-ketar bila ada simpanan melebihi RM10,000. Mula reka mcm2.

Hissh...mcm kata kt dia sendiri jer!

as1m

Banyak betoi manusia duit. Jeles gak aku...

KUALA LUMPUR: Amanah Saham 1Malaysia (AS 1Malaysia) went on sale nationwide yesterday.

At the Permodalan Nasional Bhd headquarters in Jalan Tun Razak here, people started to queue up as early as 5.30am to buy the units.

Counter staff described public response as much less compared with last month when a bigger crowd turned out to buy Amanah Saham Malaysia (ASM) units.

The crowd lining up to buy AS IM units at the Kuala Lumpur Post Office.

Things were different in George Town where the crowd waiting to buy the AS 1Malaysia units at ASN branch offices and agents kept growing bigger as the day progressed.

By noon, the queues at several banks and post offices had spilled onto the roadside.

A hawker who queued up at 8.30am outside Maybank in Union Street, said he only managed to buy the units in the afternoon.

“I was only able to buy the shares after lunchtime,” who bought 2,500 units.

One EM Technology consultant said he invested RM100,000.

“This investment is good for Malaysians as it cuts across racial boundaries and is non-partisan. Investors need not worry about risks as it is backed by a stable government,” he added.

The RM10bil AS 1Malaysia, an equity income fund, is open to Malaysians aged 18 and above.

The minimum initial investment is 100 units and the minimum additional investment is one unit.

The price of one unit is RM1.

This is the first time the allocation of shares is open to all Malaysians on a quota basis whereby 50% of the shares are allocated for bumiputras, 30% for Chinese, 15% Indians and the remaining 5% to other groups.

The subscription for the units is fixed for 30 days until Sept 3. After that, the unsold units will be open to all races.

Aku congak aje. (Assuming). Jgn terlatah pulak.

RM10,000,000,000 (RM10billion) x 30% = RM3,000,000,000 (RM3billion). Dgr cerita max seorang boleh RM50,000 shj. (mcm mana sorang kt atas tu dpt beli RM100,000 aku tak tau...). Anyway, kalu max unit RM50k, katakan sold out kt tiap2 individu mcm Amanah Saham lain sebelum ini. RM3b devide by RM50k. Maknanya ada 60,000 individu yg ada cash RM50,000 kt Malaysia ini. Kalu kira-kira aku tak salah lah ya. Mari kita lihat adakah ianya pon cepat habis...

Keciknya aku rasa diri aku ini...

Kawan kamu yang bodoh dulu sekrg lebih kaya

Agak-agak berapa kali kamu tersempak dgn kawan-kawan sekolah kamu dulu? Kemudian kamu akan sembang sikit-sikit lebih kurang. Kemudian bila nak blah kamu terjeling kereta yang dia pakai. Wow! Lebih hebat dari kamu! Dan kamu pun naik kereta dan terasa mcm nak hantuk jer dahi kamu...

Memanglah kereta bukan menjadi ukuran bagi kejayaan seseorang itu. Tetapi itu secara rambang dapat juga memberi gambaran yang dia seorang berjaya. (walaupun ada jutawan kt malaysia nie kata dia pakai MyVi jer). Ya lah takkan kamu nak follow tengok rumah dia macam mana pulak kan...

Tambah lebih bengang bila kamu terkenang yang kamu dulu rasa-rasanya lebih bijak dan geliga dari dia!

Is there a correlation between academic success and financial well-being?

Book worms are nerds

Academic success may guarantee you a higher-basic-pay-job. But thereafter, your certificates are practically useless. To advance in a career or business, we require a different set of skills. Beside hard works, you’ll need communication skill, selling skill, leadership skill….you name it. Technical skill can only bring you so far.

Graduates has ego

A degree holder has an inflated feeling of pride in his/her superiority. That’s an inevitable ego boost. When you have high ego, it stops you from doing the necessary things that may secure financial success.

Were you at the top, or at the bottom?

If you used to be among the best in school, look at where you are now? Is there someone who did worse academically is richer than you now?

Don't rest on your last laureat..!!

pegang kuat-kuat erat-erat

Tak rugi kalu baca peringatan ini byk kali. Pegang kuat-kuat erat-erat. Masa pencen tu le anak nak masuk university, anak nak kawen, rumah rasa dah lama, etc. Sekiranya diberi pilihan, aku tetap mahu duit aku lump sum bila pencen nanti. Tak mau scheme pencen. Sebab aku ada byk rancangan. Dan rasa aku boleh menghadapi godaan dan cabaran yg sentiasa akan cuba memisahkan aku dgn sekelompok duit itu.

***********

Beberapa tahun lalu, satu kajian telah dilakukan oleh Kumpulan Wang Simpanan Pekerja (KWSP) mengenai simpanan pencarumnya.

Kajian itu mendapati sebanyak 70 peratus daripada mereka yang bersara (umur 55) hanya mampu menyara hidup seharian mereka dengan wang simpanan KWSP selama tiga tahun sahaja dari tarikh mereka bersara.

Ini merupakan satu fakta yang sungguh menakutkan. Di sinilah juga kita mendapati bahawa ramai daripada mereka yang telah bersara terpaksa bekerja semula.

Bayangkanlah jika kita diberikan kesihatan yang baik selepas bersara sedangkan wang simpanan KWSP sudah habis digunakan. Pastinya kita akan berdepan dengan masa depan yang sangat gelap selepas bersara.

Kebanyakan kita amat bergantung harap kepada simpanan KWSP sebagai salah satu daripada dana yang akan menyediakan wang perbelanjaan harian setelah kita bersara kelak.

Bekalan persaraan kita boleh juga diperoleh daripada sumber lain seperti:

*Akaun simpanan/akaun simpanan tetap
*Lembaga urusan tabung haji
*Unit-unit amanah saham nasional
*Wang kutipan daripada sewa rumah atau pejabat
*Wang ihsan daripada anak-anak

Pihak KWSP dan kerajaan acapkali menasihatkan pencarum-pencarumnya agar tidak mengeluarkan simpanan mereka sesuka hati sewaktu masih bekerja.

Namun, apa yang menyedihkan kebanyakan pesara atau pencarum menggunakan simpanan KWSP mereka untuk pelaburan berisiko tanpa mempunyai ilmu pelaburan yang mencukupi.
Jika tersilap percaturan ia menjadikan simpanan yang dikumpul selama ini hanyalah sia-sia.

Persoalan yang pasti bermain di minda kita adalah bagaimana melaburkan wang simpanan yang betul dalam skim-skim kewangan seperti Unit Amanah (Unit Trust), Unit Modal Terjamin (Capital Guarantee Funds) atau sebagainya.

Beberapa fakta yang perlu kita ketahui ialah, pencarum yang di bawah umur 55 tahun boleh mengeluarkan simpanan mereka dari Akaun 1 (jika simpanan mereka mempunyai dana minimum sebanyak RM 55,000) untuk dibuat pelaburan dalam unit amanah yang diluluskan oleh panel pelaburan KWSP.

Pelaburan minimum yang boleh dilaburkan dalam unit amanah ialah RM1,200. Tetapi jika kita ingin melaburkan wang kita melalui akaun yang diuruskan oleh badan pengurusan, pelaburan minimumnya adalah RM25,000 ke atas.

Setelah kita melakukan pelaburan, kita perlukan banyak masa untuk memerhatikan agar kaunter-kaunter unit yang dilaburkan akan mendatangkan keuntungan.

Untuk itu, kita kena pandai membeli unit-unit saham apabila harganya rendah dan menjual unit-unit itu ketika harga melonjak tinggi.

Dengan keadaan ekonomi yang mencabar sekarang, untuk menunggu harga unit naik ke tahap untung, akan mengambil masa yang lama.

Hanya dengan melakukan jualan-belian pada masa yang baik, menjadi rahsia dalam membuat keuntungan dalam unit amanah.

Tetapi, jangan lupa kerana bagi yang berumur 45 tahun ke atas, jika anda melakukan kesilapan ia merupakan kesilapan yang sungguh besar kerana boleh menjejaskan masa depan anda.

Selain itu, kebanyakan pelaburan dalam unit amanah meletakkan kos pendahuluan yang tinggi.

Satu lagi fakta tentang pelaburan yang dilakukan melalui unit amanah, ialah kita perlu memberikan masa selama 10 hingga 15 tahun untuk melihat keuntungan yang tinggi dan memuaskan.

Oleh itu, pada pendapat saya sebagai perancang kewangan, jika masa merupakan fakta yang paling mustahak dalam kita membuat pelaburan, kita perlu sentiasa memerhatikan harga-harga unit amanah untuk mendapatkan keuntungan segera.

Bagaimanapun jika anda tidak bijak dalam urusan pelaburan lebih baik mendalami ilmu pelaburan sedalam-dalamnya terlebih dahulu.

Jika tidak, lebih baik membiarkan saja simpanan KWSP itu agar ia menjana pulang yang konsisten. Apa yang paling penting adalah wang yang kita simpan di KWSP itu selamat.

Jika masih teringin melakukan pelaburan dalam unit-unit amanah, saya nasihatkan biarlah konsep - wang menambahkan wang (money makes money) dilaksanakan.

Bagaimana? Satu cara yang terbaik ialah, pada akhir tahun apabila kita mendapat dividen-dividen daripada Amanah Saham Nasional atau Lembaga Urusan Tabung Haji atau Simpanan Tetap yang telah matang, jangan dimasukkan semula.

paragraph yg last sekali nie aku xberapa faham...

kaya dan bahagia

Bukanlah kekayaan itu dengan banyaknya harta benda tetapi kekayaan sebenar ialah kaya hati.
(hadis riwayat al-Bukhari dan Muslim)

Apabila hati menjadi tenteram, tenang dan merasa cukup serta bersyukur terhadap nikmat yang dimiliki, maka apa juga masalah yang melanda, kita akan mampu tangani secara bijaksana dan waras.

Janganlah benda atau keinginan material itu terlalu menjadi tekanan kepada kita. Contohnya, meniru atau membanding-bandingkan gaya hidup kita dengan orang lain seperti jiran, rakan sekerja atau sedaramara.

Keperluan kehidupan itu walaupun perlu ada tetapi biarlah ia berpadanan, berpatutan atau berwajaran dengan kemampuan yang kita ada.

Malah walaupun kita sebenarnya mampu, adakah ia adalah satu benda yg betul-betul kita perlu? Jika tidak perlu tetapi kita tetap mengingininya, itu adalah satu pembaziran.

gaji lumayan?

Footballer Ronaldo example of 'sky is the limit' for earning, but ...

Monday Starters - A weekly column by Soo Ewe Jin

CRISTIANO Ronaldo is now the most expensive football player in the world. The 24-year-old striker will be paid 13 million euros per season following his move to Real Madrid. And that’s not counting the money he will make through advertisements, sponsorships, and a share of merchandise sales.

That’s Real-ly a lot of money.

There is no doubt that Ronaldo is extremely gifted and can mesmerise all of us, on or off the pitch, but is he worth that much?

Why is a striker worth more than a goalkeeper? After all, the game’s result can be determined as much by the goals scored or the goals prevented. And what about the other nine people in the same team on the pitch?

The legendary Pele has urged Fifa to introduce a salary cap for players and warned that the vast sums of money changing hands in the game could taint its image for future generations.

“You get a player today that they announce in Manchester United, Real Madrid or Milan or any other team, and they kiss their shirt,” he was quoted in a news report.

“The next day, he goes to another team and he kisses that shirt. This, I think, is something we have to pay attention to for the next generation.”

This is the harsh reality of today’s world, be it in the world of sports, or in the corporate world.
We are always told that in a company, we are all part of the same team, and that everyone is an essential cog in the organisational wheel.

Still, within the same company, some people can earn more in a day than what the lowest paid worker gets in a month.

It is very hard to define what an honest day’s wage for an honest day’s work mean these days.
After all, it is very much a fact of life that some people can and do command astronomical incomes in certain positions.

From sports stars to celebrities and corporate high-flyers, the sky is literally the limit when it comes to making money.

and bla bla...

bla bla...

bla bla...

So whether you earn 13 million euros like Ronaldo or RM600 as an Indonesian maid, the reality of life and death is still the same.

yg last sekali nie yg aku rasa best sikit. sekurang2nya sejuk sikit hati aku. untuk rasa bahagia di dunia ini kita mesti berasa kecukupan dan syukur dgn apa yg ada. Mati x akan membawak satu sen pun. Biar lah mereka mendapat bahagian mereka di dunia ini. Kita perlu mengawal perasan tamak itu. Tetapi itu tidak bermakna kita tidak perlu berusaha...

hadiah hari jadi

Bolehkah anda buat mcm nie kat anak anda? Bila birthday ke 18 bagi duit RM1 juta contohnya. Terpulang bagaimana dia nak guna duit itu utk mencorakkan hidup dia. Huh! mesti best kalu dpt buat camni kannn..

AKTRES, Emma Watson tidak tahu dia mempunyai wang simpanan sebanyak RM58 juta sehinggalah dimaklumkan oleh bapanya pada hari ulang tahun kelahirannya yang ke-18 tahun lalu.

"Bapa saya tidak pernah memberitahu berapa banyak yang saya peroleh sepanjang berlakon dalam filem Harry Potter.

Kemudian, pada hari jadi saya ke-18, dia berkata: "Saya ingin kamu faham bahawa wang kamu bukan sesuatu yang berkonsep abstrak. Saya mahu kamu tahu nilainya dan apa yang kamu boleh lakukan dengannya'," katanya, dalam temuramah dengan majalah Elle baru-baru ini.

Kata Emma: "Ketika berusia 13 atau 14 tahun, ada remaja seusia saya datang menghampiri saya dan bertanya: 'Berapa banyak yang awak dapat dengan berlakon dalam Harry Potter.'

Memang saya terkejut dengan soalan itu kerana pada usia semuda itu, saya tidak dapat menilai betapa pentingnya wang sebanyak itu. "Dan apabila mengenang semula soalan mereka, saya rasa takjub, walaupun sebaya saya, mereka lebih tahu untuk menilai wang."

Nak tolong masalah kewangan diorang?

Eh! syok pulak aku paste article from Yahoo! kt sini. Sgt menarik utk dibaca dan sebagai peringatan untuk sapa2 yg nak beringat di masa hadapan atau masa yg terdekat nih. Nak tolong sedara? Nak tolong kawan? Tolong anda diri sendiri dulu...

What do you do when a family member becomes unemployed? Or suffers an unexpected injury and can't work or has insufficient insurance to cover mounting medical bills? How do you respond when you learn a loved one can't pay their bills?

Let's take a look at a few options you can consider to help your family members (or friends) in trouble - without hurting yourself financially.

1. Give a cash gift.

If your loved one is having a short-term cash flow problem, you may want to give an outright financial gift.

Decide how much you can afford to give, without putting yourself in financial jeopardy, and then either give the maximum amount you can afford all at once (and let your loved one know that's the case) or perhaps give smaller gifts on a periodic or regular basis until the situation is resolved.

Make sure it's clearly understood that the money is a gift, not a loan to be repaid, so you don't create an awkward situation for the gift recipient.

2. Give a personal loan.

Your family member may approach you and ask for a short-term loan.

Talk frankly, clearly write out the terms of the loan on paper, and have both parties sign it. This helps both parties be clear on the financial arrangement they're entering into.

Some loan details you'll want to include are:

• the amount of the loan
  
• whether the loan will be one lump-sum payment, or if it will be divided and paid out in installments upon meeting certain conditions (i.e. securing another job, paying down existing debt, etc.)
• 
  the interest rate you will charge for making the loan and how it will be calculated (i.e. compound or simple interest)
• 
  payment due dates (including the date of full repayment or final installment due)
  a recourse if he or she doesn't make loan payments on time or in full (i.e. increasing interest charges, ceasing any further loan payments, taking legal action, etc.)

3. Co-sign on a bank loan. (ahah! Ini namanya jadi Guarantor kt Malaysia nih!)

Your loved one may be interested in obtaining a loan or line of credit (LOC) to help with short-term financial needs but what if his or her credit requires getting a co-signer?

Would you be willing to co-sign on a bank or credit union loan or LOC? Before simply saying "yes" and essentially lending a family member your good credit, it's important to realize that there are legal and financial implications to co-signing on a loan.

The most critical thing to understand is that you are legally binding yourself to repay the loan if the other borrower fails to do so.

The lender can take legal action against you and require that you pay the full amount, even if you had an agreement between you and your family member (atau kawan baik kamu tu) that you would not have to make payments.

This delinquent loan will also now affect your personal credit. So if your sister/brother/uncle/friend/parter fails to make payments on the loan on time and in full the lender can report the negative account activity to the credit bureaus to file on your credit report which, in turn, can lower your credit score.

Co-signing a loan is serious business. The fact that your family members need a loan co-signer means that the lender considers them too great of a risk for the bank to take alone.

If the bank isn't sure they'll repay the loan, what guarantees do you have that they will???

It may also mean that you could have more difficulty getting a loan for yourself down the road, since you are technically taking on this loan and its payment as well. Before co-signing for a loan, make sure you:

• Ask for a copy of your family member's credit report, credit score, and monthly budget so you'll have an accurate picture of his or her finances and ability to repay the loan.
• Meet with the lender in person (if possible) and be sure that you understand all the terms of the loan.
• Get copies of all documents related to the loan including the repayment schedule.
• Ask the lender to notify you in writing if your family member misses a payment or makes a late payment. Finding out about potential repayment problems sooner rather than later can help you take quick action and protect your own credit score.

4. Create a budget and help create a bill-paying system.

Often, people in a financial crisis simply aren't aware where their money is going. If you have experience using a budget to manage your own money, you may be able to help your family in creating and using a budget as well.

To break the ice you may want to offer to show them your budget and your bill-paying system and explain to them how it helps you make financial decisions.

As you work together to help them get a handle on their financial situation, the process will point out places where they can cut back on expenses or try to increase their income to better meet their financial obligations.

5. Provide employment.

If you're not comfortable making a loan or giving a cash gift, consider hiring your family member to assist with needed tasks at an agreed-upon rate. This side job may go a long way towards helping them earn the money they need to pay their bills, and help you finish up any jobs that you've been putting off. Treat the arrangement like you would any other employee - spell out clearly the work that needs to be done, the deadlines and the rate of pay. Be sure to include a provision about how you'll deal with poor or incomplete work.

6. Give non-cash financial assistance.

If you're uncomfortable or unwilling to give your family member cash, consider giving non-cash financial assistance, such as gift cards or gift certificates. You'll have more control over what your money will be used for and you can easily buy gift cards in varying amounts at most stores.

7. Prepay bills.

You may want to consider prepaying one or more regular bills your loved one receives (i.e. rent/mortgage, utility bills, insurance premiums, etc.) to help them during their current financial crunch. Offering to do something, such as paying their car payment may help them avoid a short-term crisis and give them the little extra time they need to work out of their situation.

8. Help them find professional assistance and local resources. You simply may not wish or be able to provide your family member with financial assistance or hands-on help. But you can still play a key role by helping them find local professionals that can steer them in the right direction, such as:
Career counselor and employment agencies
Welfare agencies and similar services
Credit and debt counselors
Lenders who can provide short-term solutions

Conclusion

As always, the most important step is sitting down with them and asking specifically what help they need to work their way out of their current situation.

From there you'll have a better idea of the type of information and assistance they need. For example, if they need to make more money you could help them lookg for jobs and update their resume.

If they need help repaying credit card debt, you could call local credit counseling agencies to learn what services they offer, how much it costs and how it could benefit your family member.

Family members and money aren't always a good mix. But, in tough economic times or when faced with unexpected emergencies, your loved ones may truly need your financial assistance.

Before you commit to helping, be sure to think through what you can and can't afford to do.

Remember, if your own resources are limited, there are meaningful, effective, and creative ways to help your family member(s).

kawan2 atau sedaremare nk pinjam duit kamu?

Kadang2 mmg kita berdepan dgn masalah delicate mcm nih. Bila nak pinjam mmg sume janji mcm2. Manis muka dan sgt2 baik dgn kita. Bila dh bagi hutang buat2 lupa pulak. Xkan kita nak follow-up tiap2 bulan. Kena bagi reminder sms bagai.

Pulak tu ada yg aku buat loan tolong kasi dia berniaga. Tapi bulan2 lambat bayar. Sapa yg serve interest kt bank tu?! Loan atau agreement mmg kena tulis! Aku dh belajar dari pengalaman aku!

Personal lending, that is making or taking loans with friends and family, has been going on for just as long, but firm guidelines haven't developed because each circumstance is unique.

Reasons Against Personal Loans

There are strong reasons against giving a personal loan to family or friends. The biggest has to do with your own personal finances. Most people aren't really liquid enough to lose that money, and by assuming that all the money loaned will be lost, you'll quickly realize what size of loan you can reasonably make.

If you're dipping into a retirement account, emergency fund or other necessary fund to make the loan, it's not a loan you should be making. Family strife, tax problems and complacency - especially complacency - are some of the other things to worry about.

If your family or friends come to you for loans simply because you lend at a low (or no) rate, you are hurting your own finances to subsidize theirs.

A loan from a bank will help them build a good credit score, as well as financial responsibility. On the other side of the coin, when interest rates begin eating away at a borrower's paychecks, the bad habit of living outside of their budget may be broken.


The Difference Between a Loan and a Gift

The reasons against personal loans often evaporate in the face of emotional considerations, when one of your loved ones "needs the money."

In this case, you have to make a clear distinction between a gift and a loan. A gift has no expectation of repayment; a loan should be paid back in full, including any interest, and must be written down.

Giving a gift is a personal choice based mostly on emotion; making a loan has to be done in a logical manner.


Before Saying Yes

Before you give them the keys to the safety deposit box, however, you're entitled to ask some questions:

What is the money for?
Regardless of whether the loan is large or small, you have a right to know how it will be used. If the reason doesn't sit well with you (a vacation, rather than a mortgage payment), point your prospective debtor to the nearest bank.

How long will it take to pay back?
If the loan is a bridge loan to the next paycheck, you may feel comfortable with a zero-interest, no terms handshake. If the loan is of a significant size or will take more than a month to pay off, get it in writing.

Memories of the original agreement usually fade over time, so you will need documentation.

What's the prospective debtor's current financial situation?
Although this is often overlooked, you have a responsibility to yourself and the other party to make sure that he or she is in a decent financial situation before loaning money. It can be uncomfortable, but remember that the borrower came to you for money - not the other way around.

Think like a bank and, if their situation is too far gone, say no.

This doesn't mean you shouldn't help. Maybe you can offer to help pay for a financial planner rather than give a loan. One of the major flash points in personal loans is that the lenders realize too late that they've poured cash into a leaky boat. This leads to meddling after the fact. Since you no longer have bargaining power when the deal is done, nothing can be gained but resentment.

Coming to Terms

Verbal contracts hardly ever end well. Problems crop up even with small, short-term loans. For example, if the payment comes two months late and you had to put all your groceries on the credit card, then you actually lost money because of the loan - money you'll never get back, because there were no terms.

Writing up contracts for even the smallest loans will discourage people from constantly coming to you. Both parties should work together on the terms before signing.

Repayment Schedule

This should outline the size and date of each payment. It should also state what happens in the case of a missed payment.

You may choose not to have any penalties for late payments, but that can result in the loan payments taking the lowest priority in the monthly budget - and possibly being bumped in favor of less-than-necessary expenses like a night out on the town.

Conditions

Clear conditions need to be written up in the case of the death of either the lender or debtor. With family members, this is especially important because of the dispersion of the estate. If one child has received a $10,000 loan, and the estate pays $30,000 to each child regardless, then you've just turned your wake into a family feud.

You may want to add additional conditions according to the situation. For example, if you're lending to help someone buy a home, you can secure the loan to the property.


Make it Official

After getting the loan in writing, it's worth running it through a professional. Your lawyer or accountant will probably have some good advice on conditions and may act as a third party for the signing.

Small loans, may not be worth the cost of notarizing the contract, but large loans should be part of the legal record.

Conclusion

Personal loans can be a nightmare, if either of the parties fail to approach it seriously.

In the worst-case scenario, you've only loaned money you were prepared to lose and, if you choose, you have a legal document to back up a claim.

Macam mana nak dapat RM1juta yg pertama

Wei! Aku nak jadi kaya wei! Tapi... mcm mana nak dapat sejuta yg pertama nih? Nak dapat RM100,000 yg pertama pon susah...

Kepada mereka yg obsess article2 utk jadi kaya dijemput baca tulisan ini...

The Millionaire's Mindset

When your grandparents lamented that a dollar just isn't a dollar anymore, they weren't just bellyaching. Inflation attacks the value of a dollar, reducing it as time goes by so you need more dollars as time goes on.

That is one of the reasons that $1 million is often thrown around as a retirement goal. Back in 1900, a $1 million retirement would include a mansion and a bevy of servants, but now, it has become a benchmark for the average retirement portfolio. The upside is that it is easier to become a millionaire now than at any time before. While you won't be buying islands, it is still a goal worth shooting for. Read on for 10 ways to make your first million.

1. Stop Senseless Spending

It's easy to spend your way out of a fortune. Fortunately, the opposite is also true - you can save your way into your first million.

Most people working in North America right now will earn well over $1 million during their working lives. The secret to saving $1 million lies in keeping more of what you earn.

Just as extending your earnings offers a unique perspective, doing the same with your spending sheds a ghastly light on the waste. If you spend $5 every day of your working life on coffee, snacks, etc., you lose $73,000 of your lifetime earnings, making it that much harder to hit the $1 million mark in savings.

2. Prune Your Purchases

When you do have to spend, try to get the most utility, not simply the most you can.

The difference between great value and utility is a fine line. Buying too much house or too costly a car comes from confusing the two. If you shop for what you need and buy it cheaper than you'd planned, that's a great deal. By keeping the end use of large purchases in mind, you can avoid this drain on your cash.

Before paying more than you can afford, remember that Warren Buffet, a man who constantly jockeys for richest person on earth, still lives in his humble Omaha abode.

3. Target Your Taxes

Another leaky hole you need to plug is the parasitic drain of big government.

While you are expected to pay your taxes, it's the right of every taxpayer to try and reduce their tax bills to the absolute minimum allowed by law. Increasing your tax awareness means making taxes a quarterly chore rather than an annual scourge. Keeping abreast of allowable deductions, changes to your withholding and changes in tax limits will allow you to keep more of what you earn, so that you can put that money to work for you.

4. Crafty Compounding

Time is on your side when you've got compounding working on your savings.

The earlier you start saving and the earlier you get your savings into a financial instrument that compounds, the easier your path to $1 million will be. You may be thinking of tenbaggers or hot issues that return 10 times their value in a few weeks, but it is the boring, year-on-year compounding that builds fortune for most people.

5. Build Through Your Boss

If you're looking to save $1 million dollars for retirement, look no further than your boss.

With matching contributions, your employer can be your best ally when it comes to building up retirement funds.

If you think you need to squirrel away 20% of your income for retirement and your boss puts up 6% in matched contributions, then you're left with a much more manageable 14%. Even if you are your own boss.

6. Ramp-Up Your Retirement Savings

Rather than letting your boss's contribution lessen your load, try to put a little extra into your retirement plan whenever you can.

Automating your account contributions will make setting your money aside that much easier.

That said, making extra contributions a priority will speed up your journey to $1 million and make your golden years that much more golden. You don't have to eat cat food to do this, just keep your retirement in mind when you've got extra cash on hand.

7. Incremental Investing

If you've got your retirement portfolios where you want them and are ready to start a pure income portfolio, then incremental investing is an excellent way to begin.

You don't have to jump into the market with your life savings to make money. Even relatively small amounts can result in decent returns. The important thing to remember with your income portfolio is that capital gains taxes will be applied yearly to any income you pull out. Again, improving your tax awareness will help reduce the bite, but it takes time and knowledge to make one million solely from a taxable portfolio. Still, it has been done and will be done again.

8. Dare To Diversify

If your portfolio is made up entirely of American companies or is even all held in stocks, then you may need to diversify. In the first case, more and more financial activity is out there in the wider world. This doesn't just mean investing in emerging economies like China and India that are producing huge gains, but recognizing that there are companies in Europe and Asia that are just as good (maybe better) as investments in the U.S.

Diversifying also means not putting all your money into one type of asset.

Being a financial omnivore opens up that much more opportunity in times of growth and makes certain you won't go hungry when one source dries up.

9. Reconsider Real Estate

Owning real estate provides equity and diversity to your investments.

If you own your own home, then paying your rent builds up equity. If you invest in real estate, then someone else's rent builds up your equity.

Real estate investing isn't for everyone, but it has built fortunes for many savvy people.

Owning your own home, however, is usually a good idea regardless of your opinion on real estate bubbles. Peter Lynch, one of the greatest stock investors of all time, believed that you should own your first home before you buy your first stock.

10. Increase Your Income

There is nothing terribly romantic about becoming a millionaire while working a regular job, but it is probably the avenue available to most people.

You don't need to start your own business to pull in a high income, and you don't even need to pull in a high income if your saving, spending and investing habits are sound.

Asking for a raise, upgrading your skills or taking a second job will add that much more to your savings and investments and subtract that same amount from the countdown to your first million.

If you are entrepreneurial at heart, starting a business on the side can actually decrease your overall tax bill, rather than putting you in a higher income tax bracket.

************

The Three Ps

Persistence, patience and purpose are common traits that you'll find in every millionaire from John Jacob Astor to Bill Gates.

Even though inflation has brought the value of $1 million down from its lofty perch, you still need these traits to reach it. Why isn't everyone a millionaire? Maybe because it is easier to spend now, buy big and put off saving and investing than it is to sacrifice to reach the goal of becoming a millionaire.

Using the tips given here can help you on your way, but you have to be brave enough to take the steps - first, final and all the hard ones that lay in between.

Ciri-ciri utk jadi Millionaire

Berikut adalah ciri-ciri utk jadi millionaire utk orang2 yg beria-ia nak jadi millionaire mcm aku nie..

Millionaires have more in common with each other than just their bank accounts — for some millionaires, striking it rich took courage, salesmanship, vision and passion. Find out which traits are most common to the seven-figure bank account set, and what you can do to hone some of these skills in your own life.

1. Independent Thinking

Millionaires think differently. Not just about money, about everything. The time and energy everybody else spends attempting to conform, millionaires spend creating their own path.

Since thoughts impact actions, people who want to be wealthy should think in a way that will get them to that goal. Independent thinking doesn't mean doing the opposite of what the rest of the world is doing; it means having the courage to follow what is important to you. So, the lesson here is to forge your own way, and let your success drive you to financial spoils - rather than doing it the other way around and trying to chase the money.

2. Vision

Millionaires are creative visionaries with a positive attitude. In other words, wealthy people not only have big dreams, they also believe they will come true. As such, wealth seekers should set lofty goals and not be afraid of uncharted territories.

Bill Gates, the world's richest person in 2009, did just that. The American chairman of Microsoft is one of the founding entrepreneurs who brought personal computers to the masses. Gates jumped into the personal computers business in 1975 and held on tight, creating Microsoft Windows in 1985. When consumers began to bring computers into their homes, Gates was ready to profit from this new age.

Byk cite org kaya refer kt Bill Gates. Xda org lain ke?

3. Skills

Writer Dennis Kimbro interviewed successful people to determine the traits they had in common for his book, "Think and Grow Rich" (1992). (Aku ada baca buku nie). He found that they concentrated on their area of excellence. Millionaires also tend to partner with others to supplement their weaker skills. If you don't know what you are good at, poll friends and family. Use training and mentors to refine your strong skills.

4. Passion

Billionaire investing guru Warren Buffett says "Money is a by-product of something I like to do very much." Enjoying your work allows you to have the discipline to work hard at it every day.

People who interact with money for a living, bankers for example, often love creating new deals and persuading others to complete a transaction. But finding your dream job may take time.

The average millionaire doesn't find it until age 45, and tends to be 54 (on average) before becoming a millionaire. Kimbro found that millionaires tried an average of 17 ventures before they were successful. So, if you want to be rich, stop doing things you don't enjoy and do what you love. If you don't know what you love, try a few things and keep trying until you hit on the right thing.

5. Investment

Millionaires are willing to sacrifice time and money to achieve their goals. They are willing to take a risk now for the opportunity of achieving something greater in the future. Investing may include securities or starting a business - either way, it is a step toward achieving great financial rewards. Start investing now.

6. Salesmanship

Millionaires are constantly presenting their ideas and persuading others to buy into them.

Good salesmen are oblivious to critics and naysayers. In other words, they don't take "no" for an answer. Millionaires also have good social skills. In fact, when writer T. Harv Eker analyzed the results of a survey of 753 millionaires for his book, "Secrets of the Millionaire Mind" (2005), he found social skills were more important than IQ. Just look at Donald Trump. His fortune has fluctuated over the years, but his ability to sell himself - whether as a TV personality or as the force behind a line of neckties - has always brought him back among the ranks of celebrity millionaires.

The ability to communicate with people is essential to selling your idea.

Contrary to the traditional view of salesmen, millionaires cite honesty as an important factor in their success. If you want to be a millionaire, be an honest salesman and polish your social skills.

Becoming a millionaire is not a goal that can be achieved overnight for most people. In fact, many of the world's richest people built their wealth over many years (sometimes even generations) by making smart but often bold decisions, putting their skills to the best use possible and doggedly pursuing their vision.

If you can learn anything about millionaires, it's that for many of them, their riches are not necessarily what most sets them apart from the rest of the world - it's what they did to earn those millions that really stands out.

from Yahoo! Sources

aku rasa bila aku cut & paste article yg interesting aku boleh update aku punya blog lama sikit. Kalu x mmg buat tinggal buat tinggal ler blog-blog aku. Susah jugak nk update. Ini adalah cara yg senang. Xle mati blog aku.

Pemalas!

Kamu pemalas? Pemalas pon kena duit tau! Baca article yg aku ciplak nih...

extracted from Forbes.Com

Laziness Is Costing You Money. Laziness has been a scourge of humanity for millennia. Forbes asked a slew of experts, in fields ranging from personal finance to health care, to estimate the not-so-hidden costs or our laziness, and to demonstrate what little you can do — because in many cases that's all it takes — to turn things around. Here are some highlights.

Content to keep money in traditional brick-and-mortar banks.

Not Opening a Retirement Fund as soon as possible
Old age comes quick, and you'll need a serious retirement stash if you want to ride it out in any kind of style. Too bad for those who don't bother to set up a retirement account — one that can automatically draw a certain percentage from each pay check without you having to lift a finger.

Not Bothering to Negotiate a Better Deal
"It never hurts to ask" isn't just a bromide — it's a serious penny-pincher. According to a recent poll by the Consumer Reports National Research Center, roughly 80% of haggling Americans were able to win better deals on hotel rates, cellphone bills and clothing; more than 70% paid less for electronics and furniture. Landlords? They're ready to negotiate too, especially in this nasty real estate market.

Not Paying Your Credit Card Bill on Time
Laziness trumps logic, especially when it comes to the five minutes it takes to hop online and stave off late fees on your credit card bill.

Not Finding a Deal on Smaller, Regular Purchases
Saving a few cents on an impulse buy at the store may not seem worth the effort, but finding deals on regular purchases can save mounds of green.

Not Sending in Rebate Offers
Anyone who walks away from rebates is giving money away.

Not Making a Grocery List
Here's a classic example of how laziness can sneak up on you. Not taking the two minutes to jot down what you need at the grocery store increases the likelihood you'll buy items you don't really need--be it that extra gallon of milk because you forgot there's one sitting in your refrigerator or that box of irresistible Nutter Butter cookies (to go with the milk, natch). Too lazy to make it to the store, let alone scratch out a game plan? Shop online. Every grocer from ShopRite to Trader Joe's has a Web site that makes it easy to compare prices and ignore temptation; you might not even have to pay for delivery.

Not Selling Stuff You Don't Use Online
eBay. "Just go on, set up an account and sell." Yes, it's that easy.

Not Rooting Through Your Change for Valuable Coins
A penny saved is ... several hundred dollars.

Not Going the Extra Inch
We all know that staying in shape shaves society's overall health care bill. It would be one thing if you needed to run marathons to stave off heart disease or diabetes--but you don't. Even moderate activity, in small bursts, can have an impact. Walk a little farther for lunch; take an extra few flights of stairs; churn some earth in a garden. Every little bit helps--especially when you're lazy.

orang kaya malaysia

korang xmenyampah ke kalu baca article mcm nih? xde rasa apa2 ke? mcm bengang ke, meluat ke, tercabar ke...eh! itu semua hasad yg baik kan??

Golongan kaya Malaysia terus cipta kekayaan

KUALA LUMPUR 21 Jun - Di sebalik krisis ekonomi dunia dan domestik, golongan mewah di Malaysia masih beruntung kerana mampu meningkatkan pelaburan mereka lebih satu pertiga atau 36 peratus.

Keberuntungan itu dinyatakan oleh Tinjauan Mengesan Kekayaan Asia yang dijalankan oleh HSBC Bank.

Tinjauan mendapati kekayaan itu diraih oleh 61 peratus golongan kaya Malaysia melalui pelaburan dalam pasaran saham domestik, dana unit amanah dan bon.

Menurut responden yang ditemui, 32 peratus menyatakan mereka membaca lebih banyak strategi mengenai pelaburan untuk menjadi kaya.

Bagaimanapun, ketika ditanya sama ada berlaku pada perubahan dalam minat pelaburan sejak enam bulan lalu, majoriti responden atau 63 peratus menyatakan mereka adalah pengambil risiko sederhana.

''Krisis ekonomi global semasa telah menyebabkan nilai kekayaan merosot bagi kebanyakan golongan kaya di Asia tetapi yang menariknya ia tidak menjejaskan golongan kaya negara ini sebaliknya mereka masih membuat pelaburan yang banyak,'' kata tinjauan itu lagi.

Tinjauan itu dilakukan untuk melihat sama ada ketidaktentuan dalam segmen mewah di Asia, termasuk Malaysia masih berlaku.

Ini termasuk meninjau aktiviti pelaburan, mengurus dan membelanjakan kekayaan meskipun ekonomi masih tidak menentu, kata Pengurus Besar Perkhidmatan Kewangan Peribadi HSBC Bank Malaysia Bhd., Lim Eng Seong dalam kenyataannya di sini.

Selain meningkatkan pelaburan, pilihan lain bagi golongan mewah Malaysia adalah mempelbagaikan portfolio aset terutama dalam simpanan (73 peratus), unit amanah (71 peratus) dan pasaran saham domestik (55 peratus).

Dalam aspek minat menabung, tinjauan itu menyatakan kebanyakan golongan mewah Malaysia melakukan perubahan dalam aspek itu dengan menjadi lebih berhati-hati dalam perbelanjaan.

Malah, 88 peratus responden bertindak menangguhkan pembelian dan 83 peratus lagi mengurangkan aktiviti makan di luar.

Dalam semua negara yang ditinjau, kebanyakan responden menjadikan alasan untuk menyediakan kehidupan yang selesa sebagai motivasi untuk meningkatkan kekayaan mereka, kecuali di Australia yang menjadikan persaraan sebagai matlamat utama.

Sebanyak 75 peratus golongan kaya di negara ini merancang menghantar anak-anak mereka belajar ke luar negara dengan memperuntukkan secara purata AS$100,000 (RM350,000) untuk tujuan itu.

Tinjauan Mengesan Kekayaan Asia itu juga mengenal pasti sebanyak satu pertiga rakyat responden Malaysia berpendapat mereka memerlukan antara AS$200,000 (RM700,000) hingga AS$300,000 (RM1.05 juta) untuk bersara dengan selesa.

Duit Itu Berbau

Perjalanan untuk senang bermula dengan Saving. Asasnya adalah Saving. Untuk menjadi kaya atau financial freedom atau selesa sedikit atau apa-apa saja yang indah yang anda fikirkan bukannya mudah terutama untuk orang-orang makan gaji macam aku yang tengah selesa syok berada dalam kedudukan aman tenteram damai dan selamat. Keadaan ini membuat hamba-hamba kerja dunia moden seperti aku menjadi complacent, malas bertindak, tidak creative atau tidak mahu berusaha lebih. Tiap-tiap bulan cucuk kad di ATM ambik duit gaji dan belanja. Bayar hutang kereta, rumah, personal loan, card credit dan berbagai bil utilities. Bulan demi bulan begitulah pusingannya. Kita mengkayakan banyak syarikat-syarikat yang tentunya diterajui oleh orang-orang kaya atau orang-orang yg mahu lebih kaya lagi. Syarikat-syarikat korporate besar, super/hyper market, butik-butik merekacipta pelbagai cara dan alasan untuk orang kebanyakan kelas pekerja (middle and working class) untuk mengperahabiskan duit gaji bulanan mereka. Persetankan concept pay yourself first. Slogan tua yang sgt tidak sesuai sekarang.

Ramai juga antaranya family muda dengan anak-anak membesar yg perlukan banyak duit. Berderetan senarai keperluan datang secara tiba-tiba tanpa dijangka. Banyak hal-hal yang datang mengetuk pintu meminta duit dengan alasan yang bermutu tinggi.

Terlalu banyak dugaan, cabaran dan godaan. Akan berturut-turut bulan anda akan tidak dapat saving. Pada permulaan semangat boleh dikatakan bersungguh dan berjaya. Tetapi setelah sebulan dua semangat itu pasti akan pudar. Segalanya macam benda adalah perlu, penting dan memang kena, kena buat.

Jika anda berduit, memang anda berbau. Bermacam-macam orang akan datang mengorat atau merisik anda. Nak mintak pinjam ler, bagi proposal cantik ler, ajak beli insurance ler, masuk unit trust ler, ajak join bisness ler, mintak jadi gurantor ler. Semua ini memang susah nak ditolak. Kekadang orang yang nak pinjam itu adalah dari kalangan yang terdekat atau kawan rapat. Ini adalah godaan dan cabaran bagi orang yang cuba menyimpan berdikit-dikit seperti aku dan ramai lagi. Memang memerlukan kekuatan disiplin yang tinggi. Memerlukan jurus angin tahap mahaguru untuk menolak mereka semua.

Kalau tidak godaan dari orang luar, dugaan dari diri sendiri pula. Banyak benda ler pulak rasa nak miliki atau nak buat seperti nak tukar kereta, beli baju seluar , beli electrical appliances, extention rumah ler, pergi bercuti ler, etc. Memang memerlukan kekuatan ilmu batin dalaman yang cekal untuk mengatakan tidak, tidak, tidak berulang-ulang kali.

Kesimpulannya duit itu memang berbau. Dan bauan itu dapat dihidu oleh mereka atau benda-benda yang mempunyai deria daya hidu yang tinggi. Mereka boleh memisahkan anda dari longokan duit yang berbulan-bulan anda simpan itu. Bersedia.

Seksanya nak menyimpan

Dah 2 atau 3 bulan aku xdpt save. Ada jer benda yg nak pakai duit. Kete rosak ler, insurance ler, roadtax ler dan bermcm-mcm lagi. Refinance rumah pon belum dpt hasil lagi. Dah lama dah rasanya. Aku submitted application 04/03/09. Punya ler lama. Lawyer panggil sign dlm 3 minggu lepas. Bank called confirm and try to counter offer last 2weeks. Tapi redemption letter pon xdpt-dpt lagi. Dah lebih 2bln dah nih. Pegi check kt bank diorg kata biasa proses ini ambil masa 3bln. Pergggh. Dah ler kena byk bayar. Evaluator. Cukai Pintu. Cukai Tanah. Sume kena settle bagi abis dulu. Pakai duit dulu.

Manusia hebat

Aku ingin jadi manusia hebat. Hebat pada mata aku kalau bukan hebat pada mata orang lain. Untuk menjadi manusia hebat aku perlu menyumbang. Aku tidak mahu hanya menjadi manusia pengguna. Manusia pengguna dalam segala hal. Menguna produk keluaran orang lain. Untuk hebat aku perlu mengeluar. Aku perlu menyumbang. Menyumbang dalam bentuk apa-apa sekali pun terutamanya idea-idea aku yang bernas dan bertampok-tampok ini. Aku tidak perlu berkeadaan pasif sahaja. Membaca bahan-bahan yang disediakan orang lain. Aku juga punya idea untuk diceritakan.

Aku bukan manusia pengguna. Bukan juga manusia pemerhati. Mengunakan segala keperluan yang disediakan oleh orang-orang biasa yang lain. Aku hanya membaca. Membaca bahan sampah yang banyak disediakan oleh orang lain. Aku perlu keluar muntahkan idea-idea aku ini. Dan korang pulak yang perlu membacanya.

Aku perlu mengawal keaadaan. Mengatasi segala kelemahan-kelemahan aku. Menghilang segala kecanduan aku. Tabiat-tabiat burok dan busuk aku yang melampau. Aku tidak mahu tertewas. Aku juga perlu mengawal masa. Jangan terbiar begitu sahaja. Aku perlu mengisinya dengan perkara-perkara berguna.

Aku perlu mengawal unsur-unsur luaran yang selalu dan sentiasa cuba mengoda insan baik seperti aku. Aku tidak mahu tertewas. Seringkali sahaja setan itu ketawa.

Aku sudah tidak mahu melihat saja. Membaca saja. Dan mengguna saja. Aku perlu jadi manusia pencipta.

Aku perlu jadi manusia hebat. Walau pon bukan untuk manusia yang ramai. Tapi sekurang-kurangnya pada mata anak-anak aku, keluarga aku, orang-orang terdekat aku. Ataupon pada perasan diri aku sendiri seperti sekarang ini. Kurang pada orang lain tapi ajaib pada aku. Aku tidak mahu lagi bergantung pada org lain. Atau bergantung pada keadaan. Aku mahu mengawal keaadaan. Aku tidak mahu jadi lemah.

Aku tidak mahu merintih, merantap dan menyesal. Hidup ini perlu aku manfaat sepenuhnya. Untuk masa hadapan dan hari akhirat. Perlu aku kuasai semuanya. Aku perlu dihormati atas usaha aku ini.

Aku mahu mencapai matlamat aku.

Aku perlu perhebatkan diri untuk menjadi hebat.

Satu hari nanti aku sendiri pasti kagum atas usaha aku ini.

Aku adalah pencipta, pengeluar, pencetus dan sumber rujukan untuk generasi aku.

sekian terima kasih.

EPF saving

over 2/3 of contributors to the EPF exhaust their retirement savings within 3 years of retirement. same old story again?

i just paste this note in this blog to remind me about this phenomena. to my kids, please lah ya... nak kahwin tolong cari duit sendiri.

home renovation? Oh, no. I heard so many stories that a dude died just few years after he renovated his house intensively. so sapa yg senang? anak2 dia jelah...

Money in your EPF account is sacrosanct because it provides for you in old age.

Below note is also to remind me to invest the extra cash i got from 3% EPF reduction. I am too lazy to fill the form and opt out.

There is one such decision is to allow employees to opt to reduce their contribution to the Employees Provident Fund (EPF) for two years from Jan 1, 2009 from 11% of salary to 8%. That has good effects from the standpoint of the nation, but bad ones from the point of view of the individual and his long-term retirement savings.

For our example of the person who earns RM4,000, the contribution foregone to the EPF is RM1,440 a year or RM2,880 for two years. Assuming an average return of 5% a year from the EPF, which is not unreasonable, that amount, over 20 years will become more than RM7,500. That means if you are 30 and earning RM4,000 a month now and opt for lower contributions, you will get RM7,500 less in EPF retirement benefits at 55, assuming the average interest rate from the EPF is 5% a year.

Some people would argue that it is a relatively small amount and therefore would not figure much in the overall scheme of things, but that’s not the right way to look at things.

10,000% per year?

credit card interest 10,000% per year? giler!

from STAR - 07/03/09

LET’S say you have an outstanding balance on your credit card of say RM100. And you just forgot to pay your bill on time. What do you think your charge will be on an annual basis? Would you believe 10,000%?

The answer is very illuminating but you have to read the fine print to find out. I just did when I saw a late payment charge of RM40 on my bill because a payment of RM4,000 was late by a few days.

First, you have to pay up to 18% a year on the outstanding amount. Second you pay a charge of 1% or RM10 on the outstanding amount the moment you go beyond the repayment deadline. You have 20 days free credit but only if you pay on time. Otherwise, it is 18% from the date of purchase even if you choose to pay in instalments plus your penalty charge if you are late.

Let’s say you are late by a week, which is very normal for a lot of people – in other words, by a week you failed to pay a minimum 5% of your outstanding amount or RM5 in our example of RM100.

For that one-week delay on that RM100 outstanding you pay the minimum charge of RM10. Let’s calculate the charge in percentage terms per year. That’s 10% (10/100X100) for one week or 520% (52x10) for one year, not compounded! Total interest charge: 520+18 or 538%. You pay RM10 because you are late with your instalment payment of RM5 and you still have to pay that instalment.

But hang on a second? Are we calculating this right? No, it’s not quite accurate – in fact we have made a terrible, horrible mistake. You see, you are being charged RM10 on the RM5 instalment that you did not pay on time, not on your outstanding balance of RM100 on which you are already paying 18% a year.

Yes, it’s becoming mind-boggling. If you are a week late, you pay 200% (10/5X100) a week or 10,400% (200X52) a year!! I don’t often use double exclamations but you must admit that it is deserved here.

go and read the article for more...

jutawan asb

rupa2 nye byk jugak jutawan asb diluar sana. kaya2 mereka itu. semangat gak dengar cerita simpanan mereka berkepul2. terbakar aku. maka aku pon menyimpan cita-cita yg sama.

aku pon start saving. aku pon nk simpan jugak le. simpan hingga sampai ke satu tahap. financial objective.

untuk hidup yg selasa. aku rasa aku x memerlukan hidup yg kayaraya. bkn ciri2 lifestyle yg aku impikan. aku low profile.

aku tgk cara diorg. bagai2 cara disyorkan. aku pon dah sedia satu pelan yg cantik punya. dh start pada ujung 2008. inspirasi sept. mesti ikut. walaupon senak perut. mula2 mmg susah sikit.

aku perlu menyediakan yg terbaik utk keluarga aku. keluarga yg aku bina ini. legacy aku.

perkenankanlah impian ini ya ALLAH. aku akan berusaha.

kalau kamu mati - pencen penakat SOCSO

petikan ini diciplak dari seseorang.

salah satu benefit pencarum SOCSO yg mungkin banyak ada antara kita yang tak tau, atau x perasan atau x diberitahu atau mmg xtau pon ialah tentang FAEDAH PENGURUSAN MAYAT (khairat kematian kot...).

Faedah akan dibayar (boleh dituntut) dari PERKESO/ SOCSO sekiranya pencarum meninggal dunia akibat sebarang sebab.

Pembayaran faedah akan dibayar kepada waris atau pihak yg menanggung perbelanjaan pengkebumian. Amaun yang diberi adalah RM 1500 atau kos sebenar pengkebumian (yang mana lebih rendah) berdasarkan resit yang dikemukakan.

untuk muslim x kira berapa kos pengebumian, SOCSO tetap bayar untuk khairat kematian sebanyak RM1500. dan SOCSO akan bayar PENCEN PENAKAT untuk waris yg layak seperti Balu dan anak2 simati yg berumur di bawah 21 tahun pencen dikira 50% (ada yg kata 65%....wow, byk jugak nih!) dari gaji terakhir simati yg ada potongan SOCSO setiap bulan.

KWSP pun ada bayar khairat kematian sebanyak RM2,500. untuk waris tapi x de pencen bulanan.

Bawak sijil mati, surat nikah, siji beranak anak2 surat pengakuan Balu kalau ada. pegi kat SOCSO. Kalau x de masalah dlm tempoh sebulan siap tapi kena follow up selalu.. kalau x makan tahun.. tp dia org bayar tunggakan dari tarikh kematian.

Kwsp pun sama pergi ambil borang dulu lps tu submit balik...

PNB (ASB) kalau x silap Khairat kematian dia RM1,500. Bank rakyat, Bank simpanan Nasional pun ada bayar khairat kematian. Kena pegi tuntut...

SOCSO bukan hanya cover untuk accident di tempat kerja atau dalam perjalanan kerja sahaja.

JIKA ADA SEDARAMARA, JIRAN ATAU KENGKAWAN YANG MENINGGAL TOLONG LE SELIDIK / INFORM KAT KELUARGA SIMATI TTG PERKARA NI DAN WAWARKAN/SAMPAIKAN MESEJ NE KPD ORG DISEKELILING KITA.SEMOGA DGN INI KITA SEMUA MENDAPAT KEBERKATANNYA….INSYALLAH.

Terima Kasih ler kt saudara yg menulis post nih. Kena pegi siasat kt pejabat SOCSO nih. Pasti ramai gak yg tak tau. Sapa ler nak inform and educate kt janda2, balu2, duda2 luar sana. So soalannya sekarang buat apa kita ambik insurance??? bayar bulan2... kalu ikut 50% dari gaji terakhir tu kira2 byk jugak. cukuple hingga anak2 umur 21thn. mengikut cerita kawan2 aku ada yg ada dapat pencen penakat ini. skrg sekurang2 SOCSO dah cover sikit kita punya risiko kematian keatas tanggunggan.

rat race

i want to quit this rat race. i have figured out how. i got a plan. but. there is always this desire to be my own master. to chart my own destiny. increasing day by day. to set up my own business. to be millionaire. now saving capital. i dont want to stuck behind this desk and watching my life drift by. starting blog after blog. hahaha. the problem with the race now is if you succeed quiting the rat race, you will still a rat. haha.

the rising costs of being an employee are starting to outweigh the benefit. i really want to go out but m forced to remain in tis job by the poor economy now. poor opportunity. good reason huh! rat, rats, rat race, rat races, work, works, working, worker, workers, worked, employed, employs, employ, employee, employees. arghhh! you pathetic employee! living a life in a proverbial rat race. and trying to make sense of a world gone wrong. security of being an employee in favour of the risks. the rat race culture. each employee will operate on a different internal clock. rat-race equilibrium. what?!

it is not easy to break away from the comfort and convenience of being an employee. you kuli. but i am beginning to get seriously fed up with this nine to five rat race. a happy employee is a productive employee I would have thought. the whole world is on rat race anyway.

satu lagi blog!

buat lagi satu blog. lepas satu. satu. dah brp byk dah xtau ler... maka hari ini tercipta lagi satu sejarah...ceh!