Insurance | Malaysia's Financial Blogger | Financial Freedom Ideas

The More We Spend The Higher Rate of Return On Investment Needed [ September 2nd, 2010 ] | 83 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.

Prudential vs Great Eastern

prudential_vs_GE

Great Eastern is Singapore’s leading life insurance group and most of the Asian prefer it rather than Prudential. I get most of the Insurance information from my Prudential agent who is also my good friend and also the Great Eastern agent previously…So, I can know the clearer picture between both.

I got one crazy friend spend almost 70% of his income on buying insurance to protect himself. For me, no need do like that. What’s the point of living a long life if you cannot enjoy the joys of living?

If one do not know how to give up smoking, no exercise and insufficient sleep, heavy drinks, and always take fatty food also useless. Am I right?

Which Has Best Insurance Policy?

I personally think that good agent is the best policy. Great Eastern has a lousy claim service and extremely stupid underwriters? I am not sure about that…

Will Commit Suicide Covered In Insurance?

Cover will vary from policy to policy. It mostly contains a suicide provision. If the holder commits suicide, within one year from the date of commencement of the policy, the policy shall be void and the premiums paid will be refunded.

I will share the cash value comparison between Great Eastern and Prudential in the coming articles. Stay tuned !!!

April 15th, 2009 | Posted in » Insurance | 16 Comments | 8,728 views

Do You Invest In Unit Trust ?

I owned some public mutual funds and the prices dropped so badly since the day I put in money. Now the loss is about 5%-8%. Anyway, now is not a good time to invest in UT. The financial professional predicted that the market would continue to go down until 2009. If you feel that it’s the best time to go in then you can make a commitment to invest consistently and wait for the market to reach the up cycle again and you can sell off all your units for a handsome profit.

PCSF
PCIF