MONEY MASTER

I read about an article on Mr. Money Mustache and how he retired at 30 and it was actually an inspiring article to me, and I'm pretty sure that most of us can learn from him. Inspiring in the sense that I aim to retired by 30 before I started to join the workforce, and unfortunately at 30 now, I still don't feel comfortable retiring. There are few reasons that I don't feel comfortable; the first being not accumulated enough invest able cash and investment assets in which can generates the amount of cash that I need to have my current lifestyle. Another reason is I'm still aiming for property and still paying for my property; in which will increase my expenses. So, I look into the advice of Mr. Money Mustache and learn something; though I cannot emulate him 100%, I'm sure there are some key learning from him. The article is as follows:- Meet Mr. Money Mustache. Hundreds of thousands of readers follow his bold advice on his self-titled blog — and for good rea...

Recently I've just fully settled the PTPTN (Perbadanan Tabung Pendidikan Tinggi Nasional) - the education loan in Malaysia to enjoy the 20% discount that was tabled by the Prime Minister of Malaysia last October on Budget 2013. The 20% discount still valid until this October. There are few reasons I settled the PTPTN loan, the main reason definitely to enjoy the 20% discount, although some might argue that if the Opposition take over, we might get it waive 100%, in which I will not want to go to that. In my opinion and my second reason to settle the loan, I would think that we should repay the institution what we have borrowed, so that our children will continue to have the benefit of getting low interest loan for education; which again many will argue we should be getting education for free - again, I will not go into that. Well, for those who intended to enjoy the 20% discount and to settle the PTPTN loan once and for all, the following is the step by step on how to do s...

How Asian customers think?   So, if you are thinking of ways to save money, here is a video made by Jin. Check it out...   Posted with Blogsy

Here is the thing that we encounter most often...."income not enough?" A lot of people have criticize the Gen-Y for not knowing how to appreciate the jobs that they have or the opportunities given....it is true to a certain extend but what Gen-Y is complaining have its' valid points...ask most of the Gen-Y and they will tell you that their current companies are no good, income not enough etc.   Well, let us do some simple calculations shall we? Here is a simple calculation.... The average rate for a rented apartment in the Klang Valley costs between RM800 – RM1000 per month depending on location. Car loan repayments are somewhere between RM600 to RM1000 a month, while monthly fuel expenditure is RM 250 – 300 a month; exlcuding tolls. Food tallies up to about RM800, if you eat out everyday three times a day, averaging at RM10 per meal. Add other costs like cigarettes, entertainment, internet and telephone bills and all of that rounds off to about RM3000 – RM3500...

Previously on Universal Rule of Personal Financial Management:- #1 - Spend Less Than You Earn #2 - Earn More #3 - Never Depend On Single Income   The rule of personal financial management #4 is more on the mistake that most people made when deciding on the insurance premium that suit them, and most of the time people either over-insure themselves or pay an excessive premium for insurance because they do not know how to optimize their money. For example, consider two insurance products for a person at age 35: term insurance for RM500,000 will cost RM1,625 per annum, whereas a whole life policy will cost RM14,225 per annum. We have to understand that the idea of getting insurance cover to protect our loved ones from financial hardship in case of an untoward event; which is the reason why we should go for the lowest possible premium and then investing the difference between the two premiums to optimize our money. Many have chosen the wrong premium mainly due to g...

A very good article I read the other day from MarketWatch and realized that how true the article sounds. It might not give you the tips on how to get rich, or how the rich actually gets richer, but it does give you an insight of the qualities and the experience that we need to pass on to generations in order to be in the affluent society.  We all know, innately, how the rich get richer. Money begets money. But how does that actually happen, aside from compounding interest and purely financial factors? You could take the cynic's view that the game is rigged. But the more accurate answer, backed by research, is that the rich get richer because of great parenting. How rich you become over your lifetime is directly related to how early you capture the basic truths of finance and investing. You have seen the exception that proves the rule, the rich kid who blows his family's wealth in a generation through poor decisions. Chalk that up to absentee parents. Truly, teaching is th...

We all know the importance of money, which is why we work, we save money...we put those money into investment, savings, insurance etc..... Because of that, most of us have been thinking ways to make more money...but at times, without realizing it, some of us become what money wants us to.  I think it's time to set the right perspective... MAKE MONEY. DON'T LET MONEY MAKE YOU!!