Category Archives: Finance Tips

Do You Think Paying Loan Better Than Cash?

Posted on June 10, 2010 by David Lee

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 … Continue reading →

Posted in Finance Tips | Tagged , , | 5 Comments

Calculate Your Income Tax For the Year of Assessment 2009

Posted on April 23, 2010 by David Lee

The last day to submit individual income tax is 30th April 2010 and it’s advisable to use e-Filling system to submit your e-BE form so the IRB of Malaysia will not chase you after that due to late submission. Make … Continue reading →

Posted in Finance Tips, Income Tax | Tagged , , , , , , , , , | 6 Comments

Buying Car in Malaysia is the Most Financial Burden?

Posted on April 6, 2010 by David Lee

A friend of mine bought a car in 1997 for RM90,000 and eventually the value depreciated to RM15,000 in 2010. So RM75,000 divided by 13 years of usage is about RM5,770 per year. Divide it further by 365 days is … Continue reading →

Posted in Economic Analysis, Finance Tips | Tagged , , | 9 Comments

Calculate How Much Monthly Income Tax Do You Need To Pay ?

Posted on March 28, 2010 by David Lee

If you are an employee with taxable income, have you notice from your monthly payslip that the Potongan Cukai Bulanan(PCB) rate starting from year 2009 is different than previous? Comparing the old schedule PCB 2004 with the new one PCB … Continue reading →

Posted in Finance Tips, Income Tax | Tagged , , , , , , | 3 Comments

High Income Earner Financial Management

Posted on March 3, 2010 by David Lee

Last time, my ex-employer manager told me that his friend can earn RM20k salary per month. But, do you feel that he can save lot money from his income? Based on his situation, after deducting tax and EPF, he gets … Continue reading →

Posted in Finance Tips, imDavidLee Life | Tagged , | 4 Comments