2008 December | Malaysia's Financial Blogger | Financial Freedom Ideas

The More We Spend The Higher Rate of Return On Investment Needed [ September 2nd, 2010 ] | 84 views | Leave a Comment

I believe that those who are ‘thrify‘ will grow wealthy, and those who are ‘spendthrifts‘ will become poor. During my school time, i already have a game of adhering to my budget in which saving 50 cents out of my pocket money. As i known, the discipline of being able to control our spending and save consistently would make us success in the later stage.

big spend

For those who are from top management level who earn more than RM10k per month does not necessary that they can live wealthy. Let’s take an example, the managing director of a multinational corporation, who was earning RM120k per year. Given his hefty income, we expected him to have great substancial amount of money over the years, right? However, sometimes we may found that quite a great number of them whose total assets actually is less than RM500k while the net worth is less than RM200k. Plus, more than 70% of his net worth was from EPF savings.

Leave a Comment | Posted in » Finance Tips

My Year 2008 Achievement & Year 2009 Plan

year20082009

Year 2008 almost come to the end, what I had done in this year? The only thing that makes me felt proud is ability of making a lot of money from Internet. Using Internet to generate US$ and I keep on telling people that I can earn US$ even I stay in Malaysia…Haha…Sounds a bit lansi, right?

How Much I Earned From Internet ?

To be frankly for you, I started my personal blog with own domain and hosting since January of 2008. And my blog started earning money since May of 2008. My average earning is about MYR 377/month (Total Internet Income/ 12 months). However, I still not yet count advertising earning into this total Internet income.

What Is My Next Year Plan ?

My next year plan would be tougher plan for me to achieve. I plan to make and maintain US$ 100 per month; this should not be a big obstacle if based on my current blog’s potential. But, the only problem that I may encounter is hardly to attract and maintain 500 visitors per day. This is important to increase my blog’s traffic and subsequently may increase my Internet earning.

Besides that, I always do hope that I can get my Google Page Rank 3 back as I rely so much on it to get advertiser attention. This is my Internet weapon and that’s the reason I always say Google Is My Boss.

Running Internet business will be my next source of my multiple income plans. I will plan to work together with my partner to do some web application business since he has a lot of ideas and marketing skills. I have several good domains in hands and planning to sell it out to gain some profit. Meanwhile, I will keep on doing domain investment.

For my fixed salary job, I am doing something to change my career path, and looking for more competitive task to do rather than always stick to the same and cannot see the next move. I hope that this time is my most suitable job towards my future business. Although people think that it’s not a great time to make such decision during this recession but I feel that they are wrong and we should not take only this as one of the factors to determine your future goals.

What To Buy & Where To Travel During Recession ?

Do You Think About Franchising Own Business ?

Franchise business can give individual the opportunity to start a business with an excellent chance of success at a minimum risk.

Lets take an example, McDonald, is a fast food restaurant and it becomes popular since many years ago. How does McDonald making money? By franchising, am I right?

Let’s take a very basic calculation:
One restaurant is selling 100 burgers per day and let’s assume the profit is MYR 1 per burger.
So, the retail profit is MYR 100 per day.
And assuming they have 100 branches, MYR 100 * 100 branches = MYR 10,000 per day.

Can you see the picture? It is a great idea that you are considering using franchising as a method of expanding your business.
kfc_mcd
oldtown_secretrecipe

As far as I known, Old Town and Secret Recipe are example of local franchisors so their fees are not as huge as McDonald and KFC. The cost of a franchise depends on the franchisor and the restaurant size, type and its location.

How Much Does A McDonald’s Franchise Cost ?

December 27th, 2008 | Posted in » Business, Other | 2 Comments | 4,825 views

My Little Knowledge On Stock Investment

Once a business is listed in a stock market, its total worth is converted to shares. Let say company A worth $1 million now and it get listed for 1 million shares, so each share is $1 each.

Stock Investment

If you have 1 share means that you own 1 out of 1 million of Company A. When you own 51% of the shares, you officially own Company A. Haha… If the business does well next year says its worth becomes $2 million then each share is worth $2 now. Thus you have gained 100% profit from $1 to $2.

Stock Vs Mutual Fund

December 24th, 2008 | Posted in » Finance Tips | 2 Comments | 1,138 views

Online Advertising Will Continue Growing Despite Economy Crisis

Online Advertising

Many companies consider to increasing the online advertising because many people still believe that the Internet allows for better targeting than other types of media. The interesting point is that advertiser will spend more money on online advertising in future.

“How was Goggle earnings despite weakening economy? Net profit rose 26 per cent in the 3rd quarter from last year to 1.35 billion dollars while revenue was up 31 per cent at 5.54 billion dollars.”

Why Online Advertising More Profitable ?

We should keep in mind that advertising is to show to consumers that the company is healthy. Online advertising is a global medium and lets businesses reach global market.

It doesn’t cost very much to increase the reach of an online ad campaign. There’s no need to print additional copies of a magazine. Expanding the size of your ad campaign can be as easy as sending an email or clicking on a Web page. There’s simply nothing more powerful.

If you buy 100 ad impressions, you know that exactly 100 people will see your ad. Besides, changing economic conditions have forced many Web sites to reduce the cost of online advertising to more affordable than ever.

Online Advertising Vs Traditional Advertising

December 20th, 2008 | Posted in » Internet Advertising | 4 Comments | 2,452 views

How To Payback PTPTN Loan ?

Mostly I will choose to payback more than the original installment amount because if the borrower settles the PTPTN loan earlier, then the PTPTN loan interest charge will be reduced based on the remaining monthly balance.

Assume monthly PTPTN payment is MYR 100 and each time transaction cost is MYR 2, therefore the transaction cost is 2% (MYR 2/MYR 100). If pay half yearly on the same amount which is paying MYR 600 and transaction cost is MYR 2, therefore the transaction cost is only 0.33% (MYR 2/MYR 600). Most important is, think about the convenience…

Method of PTPTN Loan Repayment

i) Through FPX (Financial Process Exchange), you need to have an account with any bank with FPX and be registered as an Internet banking service.

ii) Through bank draft/money order, it must be crossed and made payable to PERBADANAN TABUNG PENDIDIKAN TINGGI NASIONAL. Post your payment by using an envelope to:

National Higher Education Fund Corporation
Lot G2, Ground Floor, Wisma Chase Perdana
Off Jalan Semantan, Damansara Heights
50490 Kuala Lumpur
(Attn: Receiving Unit)

*Make sure your identity card no and full name are written on the reverse side of the bank draft/money order.

iii) Through Internet banking, you must have an Internet banking account in these banks if you really want to make online payment:

iv) Through cash payment:

- PTPTN Services Counter
- Bank Islam
- CIMB
- Bank Simpanan Nasional
- POS Malaysia Berhad

Loan Repayment Through Salary Deduction Read More …

December 17th, 2008 | Posted in » Finance Tips, Loan | 11 Comments | 13,148 views

Do You Think Online Casino Better ?

Ace King
Casinos online are among the most popular Internet gaming business and it brings very good way for player to pass the time when you have nothing to do. I still remember last time I was the intermediate gambler and spend some time to find out the solution and method to win some money from gambling. And I had proven that certain of my methods really work!!!

Online casinos are different from the land-based casinos. One of the advantages that it gives is the sign up bonus. It means that when you make your first deposit, the online casino will give you a dollar for each that you deposit, so you get more money for free.

December 13th, 2008 | Posted in » Finance Tips | 3 Comments | 1,374 views

Comparison Between Ebay Vs Lelong

Shopping online is quick, easy and convenient. There are 2 most popular online shopping options in Malaysia – Ebay and Lelong. Both have an unlimited number of products to choose from. For instance, you can buy real estate, cars, sporting goods, clothing, toys, entertainment items, and much more from these online shopping sites.