Malaysia Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

How to Withdraw AdSense Earning Using CIMB Bank Western Union?

Google has been introducing Western Union Quick Cash payments for Malaysian Google Ads publishers since September 2007. This is great news for us as we no need to rely too much on check payment which mostly will take longer time to process. This mean you no need to wait for 10 days for Adsense check arrives and another 30 days for the Adsense check to clear in the local Malaysia bank.

How to Withdraw Adsense Earning via CIMB Bank Western Union?

On each end of the month, you will be given MTCN (Money Transfer Control Number) from Western Union. It is a 10 digit number that you need to write down this MTCN in the form. You can get this by logging in your Google Adsense account.

Read More …

Do You Think Paying Loan Better Than Cash?

Recently, few numbers of my readers discuss the concept of paying cash vs paying loan for the purchases, such as car, house and so on.

Most of the people who I known always claim that it’s better to get a car loan rather than paying it by cash even if you could. Likewise, property investment advisor always say that its better to get a home loan. These are some of the key reasons why they say getting loan is better than cash:

i) Income tax department won’t come to ‘disturb’ often.
ii) Buying thing with loan usually gets more gifts.
iii) You have more liquidity of your money. You can keep your money; you may need it in future.

Read More …

Should Malaysia Sports Betting be Legalised?

While the debate of gambling still going on… whether it is morally right or wrong… whether it will be legal for the government, so we must have to look at it from many different point.

Do you think gambling is a form of entertainment or merely a pastime? Some people have uncontrolled gambling habits and all the while they just try hard to win back their losses, which will undoubtedly lead to money runs out.

Consequences of Lost in Gambling

It is the adults, and many poor girlfriends of such victims ended up in the sex trade to help their boyfriends, fiancees, husbands to clear debts. Not only that, majority of them are of the Chinese origins, suffer the huge debts and become the victims of loan shark. In the other words, family fortunes have been lost or broken. Men who lose money turn violent or force their women into prostitution to feed their habit.

Read More …

How If Employer Not Paying You EPF?

If you noticed that your employers did not contribute you EPF then you can report it to the Labor Office. You are advised to check your EPF account regularly, which you can do that by visiting the KWSP office, EPF smart kiosk, and online through EPF i-Account. This way will be more secure than printing details of your pay slip.

Employee Provident Fund (EPF) provides the retirement fund for Malaysian employees, and can also be used for other financial purposes including down payment for buying house, education payment, medical payment and so on.

It is their responsibility to contribute for employees’ EPF savings else the following legal actions will be taken on them:

* Fine not more than RM 10,000 or Jail Sentence not more than 3 years or both.
* The company director passport will be held in order to prevent them from leaving our country.

When EPF Contributions Must Be Paid?

Read More …