January 2013

We are approaching end of  January 13 and so  fast time running. So how about with our plan and goal??? Have you made it done or still in the planning stage?? Achieving the target is not the easy task if you have the commitment and the will to do it. Everybody can plan but not all people can finish the job without any obstacles and resistant

What my plan...

1. Refinace the house....still not done. lazy to go to bank. Still thinking what is the best interest rate  and option.

2. Cut down spending...i think i can cut down about 25% at the moment.  Hope no more new  big shoppig.

3. Credit card - to reduce the number of credit card. At the moment a bit difficult because of the outstanding amount. This can can be  done slowly. On the list is CIMB credit card. Outstanding stilll about 5k++. not so much benefit holding this card. only get 2% for petrol at  Petronas. Better use of UOB card that can give rebate about 5%.

Tips on preparing your retirement plan

How old are you now?? Maybe 30's, 40's or 50's. When you plan to retire? Depend on several factors.
The factors are

1. Reach the retirement age
2. Unable to work due to illness or disability
3. Early retirement due to have achieve financial freedom
4. Force to retire - very bad

For detail to plan to retire you can go to here

This is copy from the star

Will your golden years be golden? “O Time, Time! Wherefore art thou?” Is this going to be the lament in your golden years? How often have we ignored or dismissed the advice of our parents to save for our old age? Do not delay the preparations towards a secure retirement, advises Lynette Lim

Lynette Lim

LET us look at the research conducted by The TransAmericaCenter for Retirement Studies, which found that a delay of just two years in starting to save for your retirement shaves off a remarkable 15% of your retirement nest egg over the life of an average career. An illustration drives home the point further.

Joe starts saving RM5,000 a year for his retirement nest egg at 28, whereas Jane starts at 30. Assuming they both make 7% return on their savings, at 65, Joe will have RM801,687 while Jane will only have RM691,184!

Their studies have also emphasised that not only are many largely unprepared for retirement, but that relatively few have a back-up plan in the event they are forced into retirement earlier than planned.

What then can you do to increase your confidence in having economic security in your golden years? Don't just worry about your financial future, take action to rebuild some measure of a secure retirement. Increase your level of preparedness by taking an interest in your finances. Take the following steps:

■ Start a saving habit

■ Increase your financial literacy with easy to understand educational material, talk about it to raise awareness

■ Set goals; determine how much you need

■ Take decisive measures and strategise

■ Seek advice from professionals

Learn to take on more risk with investments, as leaving all your money in cash will not help in combating the ravaging impact of inflation in the long term. Learn about the power of compounding, diversification, asset allocation; building up an investment portfolio.

Most of all, start when time is your ally, not your foe; decide to put aside a fixed percentage of your income towards your retirement nest egg to prevent having to resort to catch up contributions at a later stage.

It is now or never, as the song goes. My advice is START NOW!

Stay focus to achieve financial freedom

So many thing have to be done in order to be in financial free from any commitment and obligations every month. For the young people who just started working, the most common debt is car loan and house loan. With just completed the study in university for sure you have taken loan from PTPTN. So you also have to service this loan. From this commitment alone cost you about 2000 plus..so if you salary just below 2k, so you have work extra like doing part time.


If you married already then your burden might be less because you can share the payment with your wife.


For me, I have to service like car loan, house loan, credit card, utility bills, and also some insurance and club yearly maintenance fee. Altogether I think I have to pay more than 5k monthly. But surely it will reduce when the time goes. But the problem is the urge for the new thing when you finished service the loan.

Target for this year

My first priority is to clear all my debt. That means  I have to  spending less and do more saving. I plan to clear all credit card debts one by one till all fully paid. The highest debt is from Hong Leong bank and followed by Citibank. This is not easy job since the debt is over 100k. If I pay monthly 10k so I need about 1 year to clear.

Apart from the credit card , I have to pay car loan and house loan. My car loan will be finished in Oct this year. So I save about RM 1550 per month. Citibank loan will be finished in May 2013. I will save about 1800 per month. P1 monthly payment contract will be expired in March and I save about 149 per month. My Astro is not cut yet? Waste about 45 per month.

The other most important thing to do is to refinance my house. I can save about 4 % per month for the interest rate. Should do in this year. Next Friday I will go to RHB bank. I have to search which bank offer the best rate for refinance.

Whoa...not easy task to do..planning is the best way to save and get more freedom from all this hell.

Free From debt is like free from stress. So FINANCIAL FREEDOM.

What is the best job for you??

What ia the best job for me and you? For me the best job is the job that give you satisfaction when you go to work and give you a lot of money. Ya money ia not everything but everyone working for the money. More money means more time for relax, retire early, spend more time with family and buy the thing what you want.

So many kind of job available in this world but looking the best one is difficult. We normally follow what the family want or what the friend suggested to us.


Some people, his job is very easy. Punch in and out only but his job not give full  of satisfaction due to no development and progressing towards a enjoyable job. So, what are we supposed o do?

1  maybe changing job
2  make yourself enjoy while working
3  do something that make u progressing like taking MBA