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

How to Fix Bad Credit?

These days, many people are facing the difficulties that they can no longer get a loan with bad credit. If you are suffering bad credit then you can try to take my simple advice, which may help you to achieve better credit repair and get approval for financing much more easier.

How I Make Monthly Credit Card Payment?

I always pay more than the minimum balance on my credit cards every month. If you can, pay off the outstanding balance in full each month to avoid the interest charge. Besides, you need to make the payment before the due date.

My Advice: Take Serious of Your Debt
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Minimum Salary for Indonesian Maid?

Do you know the Indonesian maid salary in different country? Based on what I’ve known, the Indonesian maid in Hong Kong and Taiwan need to go through intensive training and well prepared to carry out the household task whereas Indonesian maid head to Malaysia were not properly trained.

Standard Rate for Indonesian Maid Salary In Different Country

The Indonesian maid in Singapore and Taiwan will have more higher salary which is around RM2,400 per month while basic salary for Indonesian maid in Hong Kong is around RM1,700. So it is no surprise that more quality Indonesian maids are flocking to other places, while the remaining stay in Malaysia and among of them will have very low educated or even low morale value in themselves.

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Important Tips for First Time Home Buyers

As I known, the main roadblock when buying house is cash. Before you looking for a housing loan, make sure that you handle your income and current expenses very well. This is the basic information that you should know you are get ready to buy your first home. Normally, I will consider the factors as below:

1. Down Payment

Normally, down payment of 10-20% will make you easier to qualify for a housing loan in today’s market. If you don’t have much money for your down payment then you still can find other program that does not require you to put down payment. But, you have to have good credit so later time you won’t have any financial crisis.

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Do You Think RM50 Credit Card Tax Should Be Dropped?

As we can see, the number of credit cards usage had been increased since year 1997. At the same time, the number of people get into debt also been increased. Our government had responded to that issue and proposes that principal credit card service tax of RM50 per year and supplementary credit card service tax of RM25 per year be imposed in order to encourage our citizen to have prudent spending. It will be effective from 1st January 2010.

Many people are not happy with that suggestion. This is bad news for those who own multiple credit cards and it is advisable to do cancellation of their card so that they won’t be taxed next year. Just imagine how crazy of our government: RM50 (service tax) + RM50 (annual fee usually more than that amount), this is only for single card. If you have more, the amount will be crazy!

However, this service tax will not be imposed immediately on January 2010 for all credit cards. For those existing credit card holders and their renewal date is at the end of the years. Then, they still got time to enjoy benefits.

Drawback of Imposing Service Charge on Credit Card

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Pos Laju Malaysia Rate

Many people know how to use Pos Laju Malaysia as the postage but do they know the rate? Unfortunately, there are still many people do not know the Pos Laju rate, thus I will provide this kind of information to ensure that all people can get benefits of it. Pos Laju provides more systematic way in postage handling as they provide tracking number which able to trace during shipment.

All shipping rates are calculated according to weight as well as by the volume. Normally, it will take within 1-3 days within Malaysia and 5-9 days out of Malaysia. However, there is still other courier express service, which provides faster delivery. All the delivery period is calculated from the day your items been shipped, and it is not includes Saturday, Sunday and Public Holidays.

Basically there will have 2 common tariffs for Poslaju: Poslaju Tariff For Document and Poslaju Tariff For Parcel.

Poslaju Rates For Within Peninsular Malaysia / Sabah / Sarawak

Poslaju Tariff For Document (weight <= 2kg)

For the 1st 500gm, they will charge RM4.50, for the next each 250gm, they will charge RM1.00.

Poslaju Tariff For Parcel (weight > 2kg, up to 30kg only)

For the 1st 2500gm, they will charge RM16.00, for the next each 500gm, they will charge RM2.00.

Poslaju Rates From Malaysia To United States Of America

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Gold Coins Investment Better Than Stock?

If you are planning to diversify your investments portfolio, then you can try to do gold investment. Most of the people believe that gold investment is a good investment. 1 of my client had bought gold as their investment before and made roughly around 10%-15% for the investment which is better than fixed deposit.

For me, gold investment is another good option that you may try to consider in order to diversify your investment risk. If you are medium to long term investors then it may suit you since it is a moderate risk kind of investment.

My Review on the Gold Investment Market

Based on what i known, i can say that gold investment has grown dramatically in this few years, but it is still just a tiny proportion if you compare with the stock investment.

Advantages & Disadvantages of Gold Coins Investments

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Gurney Plaza Car Parking Rates

There are a lots of malls that in Penang Island like Queensbay Mall, Gurney Plaza, Timesquare, One Stop, Bukit Jambul Shopping Mall, Prangin Mall and etc but for now I tend to hang out at Gurney Plaza. However, Gurney Plaza car park rates a bit higher if compared to other shopping malls.

As I know, the Gurney Plaza car parking rates is as below:
i) Multi-storey car park
- RM1.00 per 1st 3 hours. Then, continued by RM1.00 for subsequent hour. (Monday - Friday.
- RM3.00 per 1st 3 hours. Then, continued by RM1.00 for subsequent hour. (Saturday, Sunday & Public Holiday)

ii) Basement car park
- RM1.50 per 1st hour. Then continued by RM1.00 for subsequent hour.

Overall, it’s way too high for public to park their car there and I personally suggest to have RM3 per entry for unlimited hours of parking!

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