Malaysia’s Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

24 Hours Per Day Not Enough

Do you often feel that 24 hours is not enough to do your task?

Time is crucial for all of us. We all have 24 hours per day, 7 days per week, equals to 168 hours per week. Take out 49 hours for sleep and we are still have 119 hours to achieve all what we want. We cannot save time, it can only be spent. And there’s only two ways to spend our time either we spend it wisely, or, not so wisely.

Finding more time in a day may be impossible, but managing what we do during that time could make more senses. But if you are tired, your productivity will be adversely impacted

I’m not a secret agent on a mission but just want to tell that we must have a written plan based on priorities and goals since more easily to remember the things that we need to accomplish.

If you can plan your day and work your plan, you will get more done, feel a higher sense of accomplishment and experience less stress.

Stumble it!

Different Home Loan Package

BLR(Base Lending Rate) is set by the central bank, and current BLR is 6.75% while fixed rate is set by the financial institution, normally they have a certain limit when you do the prepayment, you will be charged once you exceed the limit.

Different bank may give you different BLR rate, but 1 thing that I can tell you here is ABN AMRO Bank always give the lowest rate. (app 6.0%-6.5% )

Thus you need to know what is your needs in order to choose the right loan package.

Fixed Vs Floating

Should we switch to a fixed-rate loan, as every increase of BLR will affect our cash flow?

It is beyond our expectation indeed. If the rates don’t jump a lot, floating rates loans may still be lower than fixed rate loans.

1) Short term property investor, they will look for the floating loan package, which is lowest rate or even zero interest rate at the 1st year. Once the capital appreciates in 2 years, they will sell off the property to gain the profits.

2) Own staying purpose, mostly people will go for fixed interest rate. This is because they are not planning to sell the house within 10years or 20years. Fixed rate loan provides peace of mind for those who like stability. The only downside of fixed rate is lack of flexibility, which does not allow you to pay off more loans to save interest and withdraw the extra that you paid.

*But certain bank have such feature like OCBC Islamic Banking.

Stumble it!

How Much You Can Save Per Month?

For me, it is better to save in % instead of the amount that you saved. Actually I don’t force myself to prepare like 50% or 60% of my salary for savings, but I seldom buy stuffs so my savings is just after minus daily expenditure. But I tend to save more in order to get a decent house. Hope this year-end got big adjustment.

Reject All Those People With Poor Mindset

Although saving cannot fight over inflation, but it will have the power of compounding if you can find a good saving types or investment vehicles.

My Personal Tactics:

If you are frequent use of the credit card, then please keep in mind that always pays yourself first b4 paying others.

If you are impulsive buyer, you may need to recalculate and change your lifestyle a bit. Or, start saving with 30% then increase to 35% then 40% and then try to go for 50%

If you still cannot control yourself then better transfer the money into your account with no ATM and Online Banking Facility. So in order to get the money, have to go queue and withdraw.

Look at the totals yourself and decide where you can cut down. If possible, ask someone else who has some accounting background to look at your finances.

As conclusion, it’s crucial that you learn how to save money just in case of unforeseen incidents may happen in future.

Property Investment…Coming Soon!

I have pledged that I will do some heavy & future related investment. There are so many thing that I have done previously but those are more on abstract side. Outsiders may not see what’s my past & current achievement since I don’t have anything that can be shown off.

Sri Saujana Project

Estimated completion will be at the mid of 2009!!

If you are capable then try to buy 1 residential house for renting purposes. Better focus on the decent house with low medium cost around RM75,000 (23,809 USD) as this will reduce risk of unable to rent out since tenant usually wants to find lower rental fees. Car parking lot is optional.

Cost RM9000 per car parking lot

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Benefits of Being Reseller Hosting

It is buying a reseller hosting plan and selling any type of Web Hosting to end users.

Advantages

- People who buy hosting from you may come back to find you for renewing contract once your service is good.

- Huge market since target is on website.

- Fair competition between small companies and big companies.

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Maybank Visa Debit Is Not Actual Debit Card

Have you ever heard about Maybank New Visa Debit Card? I noticed that many naive bloggers said this card can be used for online transaction but I want to emphasize on this issue and make a conclusion that it’s not like other Bank debit card, which allow for online transaction. But, it is possible to do that in future since now still in phase I.

Why so confident to say that? This is my conversation with Maybank customer service staff…See the proof here…

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Pay Per Post

Pay per post is the paid posting service that can provide valuable benefits to bloggers. This is the great opportunity for us to choose particular categories and write review on product, services that may benefit your readers…blog ethics

I like pay per post from now onwards since it can provide more guaranteed Internet side income than pay per click program like Google Adsense. Besides, I noticed that a lot of visitors might not perform some clicking on the Google ads that appear on your blog also.

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