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

Property Price Going To Drop?

I’m planning to buy a house this year, but people said that I must wait as there might be recession and property price might drop. Is that true? Cause I wonder since everything’s price are going up. How is property going to drop?

All developers have increased their prices by 20 - 30% since their material cost (steel and cement) has increased. If they don’t increase their prices, they are building houses for free.

So if you’re buying 300k condo, most probably 200k goes to the location and the building material only cost 100k.
Even got increase also 100k X 30% instead of 300k X 30%. Somehow I may suspect that the developers are taking advantage of current situation to increase their profit as well.

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Buying Car Without Financial Burden

A lot of people are willing to pay more for something that better meet their lifestyle and these people feel that driving a luxurious car is important, and they’re willing to carry the burden.

Actually I have planned to buy a new car without using my fixed employment salary. How to achieve that? Using my extra earning from Internet to make monthly payment for a new car. This is my challenge and perhaps next year will be the most suitable time to buy a new car.

Assumed that the car that I plan to buy is MYR40k. Down Payment that im willing to make will be MYR20,000-MYR25000. Lets take MYR20k, and get loan amount MYR20k for 7 years with interest rate 3.8%.

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Why Support Malaysia Web Hosting?

I have been using Malaysia Web Hosting for about 8 months; so far it never disappointed me at all. If they plan for a server migration or any circumstances, they will first email to all their customers so that you will be aware of it. I believe it same goes to IPserverone. So far, my blog never down, their service is definitely awesome.

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Think About Job Bonus Before Quit

A job bonus may be based on the employee’s performance. Measurements of performance such as hours worked, overtime, sales revenue produced.

Some company may reward employee as profit sharing for the productivity made and improved product quality. This is to encourage employees to understand how their work affects the company’s performance and profitability.

Every year when those bonuses are cashed, you may notice that the resignation letters start flowing in. There may have common reasons like what I have seen before:

1) Money: Most people jump to another company, as they believe that it will be the faster path to higher earnings.

2) Lack of Challenging: Sometimes people were not think about compensation but more on responsibility.

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Danger Of Drug Abuse

Drug is chronic and it may become one person’s bad habit. It is not likely that anyone with the intention of becoming drug addiction as it may cause painful suffering when stopped suddenly. Besides that, with continue abusing drug will lead to dramatic changes in both structure and the function of the brain.

How serious is drug abuse among young people nowadays? Social pressure is more frequently happen on young people. Most of the youngster use drugs may have several reasons such as curiosity, desire to be part of the gang and a sense of relaxation.

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Prudential PRUcash Premier

PRUcash Premier is the latest endowment plan that combines Protection, Savings, and Liquidity. As far as I known, PRUcash premier provides you with an annual guaranteed payout of 4% from the end of the 10th policy year onwards. You can choose to withdraw or left to be accumulated. Meanwhile, you can get additional yearly bonus, which projected at 3% per annum.

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The Problem of 8 Hours Work Day

Is it eight hours work day long enough for a day in modern industry? For modern employee, almost all tasks involve creative and strategic thinking. On the contrary, there is a reason why it should be reduced.

In your personal life, how often do you spend 8 consecutive hours in front of a computer? It doesn’t make sense because we lose the ability to concentrate effectively within a few hours. When employees reach the lowest energy, they can’t recharge with relaxing time and the only solution is breaking the work day into multiple segments.

Some companies have tried to make the work environment more relaxing by offering meals and fitness centers. When an employee becomes mentally fatigued, they can go for recharge activities like exercise or relaxation. When energy recharged, the employee can start working again at a high level.

We work 8 hours a day on average, sleep about 8. Do you feel that would be enough for healthy?