MONEY MASTER

I was reading about an article and come across this quote....how many of you agree with this statement? I agreed with it to a certain extend.... "WHEN I WAS YOUNG, I THOUGHT THAT MONEY WAS THE MOST IMPORTANT THING IN LIFE. NOW THAT I AM OLDER, I KNOW THAT IT IS"   A lot of people may tell you this is not true....while it might not be the entire truth, it holds a great deal of truth....without money, it is difficult to obtain good health. Without money, it is impossible to go for travel. Without money, it is hard to bless others. Without money, one will struggle to feed for the family, to provide the most basic necessity. So while money might not hold the key to happiness, it is one of the most fundamental part of our lives....

We all know the importance of money in life, which is why we look at ways to increase our earnings, income and also to make use of our money. However, let us not be deceived, because at the end of the day, "MONEY IS ONLY A TOOL. IT WILL TAKE YOU WHEREVER YOU WISH BUT IT WILL NOT REPLACE YOU AS THE DRIVER"

I just get an email from my US trading account stating that my W-8BEN form is not going to be valid after end of Dec 2013 and asked me to resend them a new copy of the W-8BEN form. While I was filling up the form, I found that it is quite troublesome, if you do not know how to fill it up, so I guess it is best for me to blog about it, as a reference for myself in the future, as well as for reference for other Malaysians. What is W-8BEN form? You need to fill up this form if you have a trading/brokerage account in the US. If you don't fill this up, the super efficient IRS (Internal Revenue Services) will hunt you down, just like there is a saying "There are 2 things that are certain; death and tax". Anyway, just kidding, basically, if you don't fill this up, the IRS can hold up to 30% of your dividend, interest, royalty, etc. Basically , this rate is what the IRS can withhold for a foreign person. If you filled this up, you are excluded from this withholding provi...