2008 November | Malaysia Financial Blogger | Financial Freedom Ideas

What’s Your Expected Salary Increment for Year 2012? [ January 25th, 2012 ] | 303 views | 2 Comments

Just wondering, what’s your annual increment like? Normally, the increment can range between 5-20% which depends very much on individual performance, size, nature, and culture of the company.

salary increment

However, for those skilled employees, the wages are still linked to experience, productivity and demand. Most of the organisations are still willing to offer attractive remuneration packages for candidates equipped with the desired skills. Thus, highly skilled and productive employees are more likely to earn more.

2 Comments | Posted in » Achievement 2012, Finance Tips

How To Register Maybank2U ?

Actually register Maybank2U account is as simple as ABC. Below are the simple steps to be followed:

If you have Maybank ATM card, then:

1. Bring your Maybank ATM Card to any Maybank ATM, key in Maybank ATM PIN.
2. At the main menu, select Maybank2u Services.
maybank services

3. Select Maybank2u Application.
Maybank application

4. Key in your 6-digit Maybank2u.Com PIN code.
5. Key in the same PIN code again to confirm.

How To Login

November 26th, 2008 | Posted in » Bank & Investment, Finance Tips | 25 Comments | 30,393 views

Withdraw Payment Via Western Union

Last time when I went to Public Bank, the only thing that makes me feel curious is the new payment option, which available now in Malaysia – Western Union. I did use paypal but never use Western Union before. After done a lot of research, I found that the difference between Paypal and Western Union is not much. Paypal is owned by eBay and more advertises on security issue whereas Western Union does not but you will know whom you are sending money to.

Western union send money

There are 4 Malaysia Western Union Options currently:

=> POS Malaysia Berhad
=> CIMB Bank (charge additional US$15 for US cheque greater than US$1000, from other people opinion).
=> RHB Bank Berhad(exchange rate will be better a bit, from other people opinion).
=> Public Bank Berhad

In other countries, there have more Western Union agent locations. You can find it in POS office, banks, supermarkets, travel agencies, airport, train and bus station, and currency exchange offices.

Advantages of Using Western Union

November 23rd, 2008 | Posted in » Online Payment Option | 7 Comments | 7,190 views

Buying And Selling Property Procedures

After considering several places and you have decided to buy a house and the price is agreed by both parties, you will need to pay some earnest deposit (min 2%) for booking purpose. My advice, don’t pay the 10% straight, just in case you changed your mind later.

selling and buying property

After paying the earnest deposit, you will need to appoint your lawyer for the Sales & Purchase Agreement. It may take up to 2 weeks to prepare. Once the SPA is ready, you will need to make the balance 8% of the purchase price upon signing of SPA. (Assume your applied loan is 90%)

Besides, you must prepare some funds to pay the legal fees for S&P(Travelling, Stamping, Photocopying, Miscelllanous fees), which are relied on the purchase price of your property. Basically you should be able to estimate your lawyer fees based on the following:

snp legal fees

Note: This is payable to your lawyers to get the land title transferred to your name.

What To Do After Signing The Sales And Purchase Agreement?

November 19th, 2008 | Posted in » Finance Tips, Property | 26 Comments | 16,401 views

Lower EPF Contribution, Good or Bad?

The reduction of the employee contribution to EPF from 11 % down to 8 % will be made automatically, effective from January 2009 until December 2010. The total contribution is still at a reasonable rate of 20%, which is 12% from the employer and 8% from employee. You will have to fill in the forms if need to maintain 11% employee contribution as before.

*Just for your information, EPF has the highest interest rate, follow by Fixed Deposit. Except in 1997 where the Fixed Deposit has higher interest rate than EPF.

epf_vs_fd

Which Option Will You Choose? 11% or 8%?

November 15th, 2008 | Posted in » Finance Tips, Retirement Planning | 4 Comments | 5,023 views

How To Report Phone Fraud ?

With the rapid development in telecommunication, numbers of prank calls have also increased across the world. Some people like to make prank calls to others without worrying about other’s feeling. I did receive a lot of prank calls from survey company and sometimes I may feel it was annoying and lost concentration during my working hour.

I have conducted research through the Internet and found that Report Phone Numbers is a good solution where you can recognize and report annoying phone calls and callers.

November 14th, 2008 | Posted in » Other | 1 Comment | 1,783 views

DiGi Free SMS Service

I strongly believe that there are still a lots of Digi user do not know that there has a great opportunity to send free SMS from Digi site to a mobile phone everyday. Yet, this is limited to only 3 SMS per day and you are restricted to send to Digi number only. For me, it’s better than nothing and it’s still considered a great deal.

What Should I Do To Get DiGi Free SMS Everyday?

I suggest to any Digi user to go Digi Site and register their number there. Then you will get a login password through your handphone within few seconds. Login with your mobile number and password then you can send up to 161 supporting characters per SMS.

digi password
logon digi

digi free sms

What Terms & Condition Should Be Followed?

November 10th, 2008 | Posted in » Finance Tips, My Saving Plan | 12 Comments | 25,282 views

Why Buying Property Is Better Than Stock ?

Property is like the stock market; you have dozens of different classes. With property you have residential homes, hotels, commercial building, industry and etc.

Property investment

A bank will lend you money to buy a MYR 200,000 house, but the same bank will not lend you MYR 200,000 to buy shares. This is because property is an asset, which can be sold to pay off the loan. So, you no need to worry so much with the financial assistance if you really make decision to buy a property for investment.

As you can see, property market boom over coupled of years. With making money property, the rental income that gained should ideally be sufficient to cover the cost of financing and maintaining. With the steady increase in property price, property investment provides a safer way to grow your wealth.

November 7th, 2008 | Posted in » Property | 6 Comments | 4,152 views