Malaysia’s Financial Blogger | imDavidLee.Com

Reason For Buying Used Car

These days with the high cost of new cars cause lot of people prefer buying used car. Buying lower price ranges of popular vehicles will cause your car in higher demand market since more people can afford used car than higher price cars, so it will much more easier to sell.

You can get tons of information about vehicles through Internet. In fact you can even find more details of your favourite vehicle before you buy. Normally, a more informed buyer is a buyer less likely to make a bad deal on the car.

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Important To Choose Investment Style

Knowing what is your investment style are will help you to choose investment type more accurately. There are really only 3 specific investment styles, which can be conservative, moderate, and aggressive.

Naturally, if you found yourself have a low risk tolerance, then your investment style will most likely to be conservative or moderate. In contrary, if you have a high risk tolerance, you will most likely to be an aggressive investor. Meanwhile, your financial goals will also determine your investment style.

Conservative investor want to maintain their capital in their investment. This type of investor usually invests in common stocks, bonds, unit trust and interest earning savings account. Thus, they are more likely on early retirement. I am one of the conservative investor and have an unexpected huge amount of money put into Bank Fixed Deposit. This is just for preparation or cash flow at best.

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Why Bankruptcy?

If someone who has officially declared that he cannot settle the amount that he owes then he will be considered as bankrupt. In Malaysia, the minimum amount of judgment debt amount to declare bankruptcy is MYR30, 000.

There will have 6 months for you to make full settlement or negotiation after the bankruptcy notice is issued. If you did not response, you have committed an act of bankruptcy.

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Friendless Budget 2009

Budget 2009 is to focus on helping people cope difficulties caused by high fuel price and food price. But for me this is a budget tailored for civil servants only.

As you known, for those who are smoker always will not be good news when new announcement is made. It is increased by 3 cent from 15 cent per stick to 18 cent per stick. For a 20-stick pack of cigarettes is now increased by 60 cent. It’s nothing special actually because smoker, gaming related industry already prone to tax. It’s meant to discourage people from these activities.

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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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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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Make Money From Recycling

You can recycle all your unwanted items; this is to reduce the waste. Besides, don’t feel that those old unwanted items might be junk to you because it might be useful to someone else.

Make money taking care of the environment is the value of appreciation. Recycling newspapers is one way to get money without getting another job. You can have many ways to collect old newspapers. My ideas is you can try to write a sign and post it on notice board, have it say, “Free up space in your home, send me your unwanted newspapers!” Or go to coffee shops and ask for some.

“Reduce, Reuse, Recycle” should go without saying. Reducing the amount that we consume, and shifting our consumption to well-designed products and finding constructive uses for “waste” materials will become the next.

As a matter of fact, Zhang Yin, a 49-year-old paper recycler from China is the world’s richest self-made woman.

So, what are you waiting for? Faster take an action !!!