My debts increasing!!

My debts still not reducing but keep increasing even though my monthly commitment become less. But this month i have to pay for car loan final installment and my another car road tax expired. Shopping things for  holiday also make my debt increasing. I'm still waiting the overtime money and incentives money that i have not received since Jun and March respectively. At least i can use that money to pare down my debts.

Anyway, i manage to settle all my credit card min balance. Some i paid full payment. I hope i can get that money soon. So i can pay all to reduce my debts. Where can i looking more money ??? Thinking??

Plan for holiday

Ticket : done
Accommodation : done
Winter Cloth : 3/4 done
Transportation from airport : still thinking mode of transportation ? use bus or ?

Itinerary : Planning

1st day (Tuesday)         :   Arrived in Tokyo ( rest only) - at night
2nd day  (Wednesday)  :  Shopping and visit interesting place in Tokyo
3rd day (Thursday)       :  Visit Disneyland
4th day ( Friday)           :  Visit interesting place in Tokyo
5th day ( Saturday)       :  Play ski in Gala Yuzawa
6th day( Sunday)          :  Shopping souvenir or whatever necessary, night leaving Tokyo

Cost so far:

Air Ticket :  5K+
Accomodation : almost 4K , less what i plan earlier (almost 6K)
Clothes : almost 2K
Change money to Yen : 6K
Others :  Unknown.

Looking for winter cloth

I have already plan to go to Tokyo on this December with all my family. So far, ticket already booked, hotel also already booked but the cloth hasn't been bought yet. So I plan to buy some winter clothes since December is considered a winter season in Japan. I'm not sure how low is the temperature since this is first time I'm going there. Better prepare from Malaysia. Some more I'm the people who can tolerate cold weather.

I have been to the shop that sell winter cloth but the cost is quite expensive. Even though they give discount, but the price still expensive. Now, i'm still looking where i can get cheaper price either online or shop.

Motivation & Inspiration

Copy and paste

30 Life Lessons from Joel Neoh, Malaysia High Achieving Entrepreneur

TEOH CHON GIAP OCTOBER 17, 2013

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Joel Neoh, the High Achiever Entrepreneur & the GROUPON Head of Asia Pacific wrote a note on the “30 Lessons that he has learned in 30 Years”!

Joel Neoh was 19, about to turn 20, when he turned on the television to be greeted by Oprah, his mother’s favourite TV programme. Oprah was interviewing the cast of Desperate Housewives, and asked Marcia Cross: “If you could go back in time and tell your 20-year-old self anything, what would it be?”

Marcia responded: “Stop worrying. Be comfortable living in uncertainty.”

Looking back at his 30 years of life, Joel Neoh has summarized 30 simple yet important lessons that he learned – about being a better entrepreneur and person.

1. Be comfortable living in uncertainty.

Marcia was right. We can never know what will happen to us next. We can try to control the uncontrollable by looking for security and predictability, always hoping to be comfortable and safe. But the truth is that we can never avoid uncertainty. This not-knowing is part of life’s adventure. The only thing constant in life is change. Embrace it and you’ll be in for a fun ride.

2. Love what you do.

Don’t ever stop growing, learning, loving, doing & living. Find your niche. Find out what you’re truly passionate about.

3. Embrace your fears.

At 21 years old, Joel Neoh won #1 in the National Men’s Open Rock Climbing Competition. At the post-competition interview, a journalist asked him why and how he started rock climbing: “I started because I was afraid of heights. I once read that most elite athletes feel fear just like everyone else, but they channel that fear to fuel their spirit and passion for competition.”

4. Have fun.

Nothing in life is worth doing unless you’re having fun doing it.

At one of those super-crazy-fun Groupon parties with one of my favorite people in the world.

5. Care.

People don’t care how much we know until they know how much we care.

6. Surround yourself with people who are smarter.

In sports, the only way to grow is to play against stronger competition. In business, hang out with smarter people. It can be intimidating, but always try to be the dumbest person in the room.

7. Creativity is not difficult.

Creativity is just about connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while. That’s because they were able to connect experiences they’ve had and synthesize new things. And the reason they were able to do that was that they’ve had more experiences or they have thought more about their experiences than other people.

8. Allow our good to emerge.

We do not become good by trying to be good, but by finding the goodness that is already within us and allowing that goodness to emerge.

9. Happiness is not a goal but a way of life.

People that surrounds us have a high influence on our happiness levels. Fire negative people out of your life.

10. Don’t let failure hold you back.

Michael Jordan once said: “I’ve failed over and over and over again in my life and that is why I succeed.”

11. Stop insanity.

Insanity is doing the same thing over and over again and expecting different results. Learn from mistakes, don’t keep doing the same thing over and over again expecting a different result.

12. Just do it.

Years from now we will be more disappointed by the things that we didn’t do than by the ones we did do.

13. Never too young to dream big.

Every great dream begins with a dreamer. The earlier you start, the harder you work when you’re younger, the easier life is when you’re older.

Receiving the Ernst & Young Emerging Entrepreneur of the Year 2012.

14. Stay hungry.

Often, the only advantage we have when we are young is hunger. The hunger to succeed. Don’t ever lose that.

15. Life is too short to live someone elses’ dream.

We are only going to live life once. If you aren’t following what you love, then what are you doing? Our parents may have once told us that we have to be in either one of these four professions: doctor, engineer, lawyer or accountant. Life is more than a job. You don’t want to live a life where you go to a job every day just so you can enjoy your weekends and get two weeks of vacation every year.

16. Life is too short to work at a boring company.

The best thing about being an entrepreneur is the ability to influence, design and build a great organization culture and a cool office space for the team. A great place to work attracts the best talent. Privileged to have co-founded 2 out of top 3 coolest offices you’d want to work at in Malaysia: http://www.femalemag.com.my/features/work/coolest-offices-youd-want-work-malaysia

17. Be curious.

The cure for boredom is curiosity. There is no cure for curiosity.

18. Birthdays are best to reflect.

Some spend their birthdays drinking, partying to forget the past, the failures. However, birthdays are great moments to reflect the year that has past – to identify improvements and learnings, towards being a better person for the future.

19. We are the change we seek.

Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. Be a positive change agent today.

20. Don’t let others dictate you.

Often, it’s those individuals that contributes very little to our lives, that dictates our emotions. Stop letting people who do so little for you control so much of your mind, feelings and emotions.

21. Ask the right questions.

The right questions can ignite innovation, solve problems, create powerful partnerships and help us live a better life.

22. Do one thing right.

When things aren’t going our way, remember – if we can do just 1 thing right, then everything can start to move in the right direction again.

23. Live the moment.

If today was the last day of your life, would you want to do what you are about to do today?

We are always waiting for something: for it to be the weekend, to be finished with school, till we are 21, to get a new job, qualify for a promotion, save enough money, etc…and what’s sad is we miss every beautiful moment in the ‘present’ because we spend our whole lives waiting for tomorrow and for the future. We end up skipping our whole lives and one day we will spend our last day waiting on a tomorrow that will never come. Don’t live in your past or your future. Live today. It’s all we really have. Live everyday as if it were your last. Life is not about waiting for the storm to pass. It is about learning to dance in the rain.

24. Pay off bad debts.

Some debt is good for building credit, minimizing risk and so on. But there are some debts that weigh most people down from truly following their passion and living an amazing life. Pay off the debts that weigh you down as it’s an amazing feeling once you do.

25. Invest in buying assets.

Broke people spend all income on expenses. The Middle class spends income on expenses and purchasing liabilities. The Rich invests income into buying assets, which in return generates even more income. Assets: property (that generates rental yield), stocks (that pays dividend), bonds, etc.

26. Invest in yourself.

It took awhile before Joel Neoh realized that he should invest in himself, that he should put his personal development first. Here is a few ways to start thinking and investing in your most valuable asset – yourself: Find your Why, Discover your strengths, Read a great book, Enrol in further education, Start a good habit.

27. Be happy with nothing.

You can either be angry for what you don’t have or be thankful for what you do have. Happiness is not having more of what you want, but wanting more of what you have.

28. Be humble.

Have a teachable spirit. Allow others to correct you and tell you about yourself. Correction doesn’t feel good, but it’s necessary for growth. It’s something he continues to work on because having an ego never did anything positive for me and usually doesn’t accomplish much for anyone. Arrogance makes a person power hungry – humility makes one a better leader.

29. You don’t need everyone to like you.

We all want to be loved. But you can’t value every relationship the same, and thus you can’t expect everyone to love you the same. Life doesn’t work that way. Think about this: “When people don’t like you, nothing actually happens. The world does not end. You don’t feel them breathing down your neck. In fact, the more you ignore them and just go about your business, the better off you are.”

30. Don’t ever let somebody tell you…you can’t do something. Not even me.

All right? You got a dream… You gotta protect it. People can’t do something themselves, they wanna tell you you can’t do it. If you want something, go get it. Period.

Joel Neoh and Chris Gardner, the inspiration behind the movie: The Pursuit of Happyness

Source: http://www.facebook.com/notes/joel-neoh/30-life-lessons-ive-learned-in-30-years/10151786394314177

Post Raya- Car Problem

On last Wednesday, I planned to go to bank for loan settlement and when i drove my car, i felt something strange and stopped at the roadside to look for what's wrong. Then i realized my car tyre was flat and i have to drive to workshop nearby. Upon checking, there was a lot of air holes at the side of tyre. So the mechanic suggest to change the whole 4 tyres since the other tyre also had same crack mark. Since i always use the car and drive quite aggressive, so better to change than sorry later. Actually, the front tire is from Silverstone which was changed before  and the rear from the Korean (fitted since i bought the car) almost
 3 years.

The brand i bought is Pirelli 1 which cost my wallet almost 2K+...So far i use the pirelli is quite good and reliable. I use that tyre with another car.

This the problem with the car, need maintenance and sometimes a lot money. The other thing its happen when you plan to save money. That's why we should have one account for emergency purpose budget. I just plan to save, but have to spend more this month with my banker..Hhaha..

Another long holiday

Today i have started leave and will leave from my house to my wife hometown in Pahang.  I will take  4 days off to celebrate Raya Haji and feel so happy cause i can relax myself and free from stress.The best thing to do is enjoy the holiday with family.

 The market has been recovered well from the problem in Amerika. So, the other market will follow the process of recovery. How long,we are not so sure. So, we still have to be cautious for investing.

Reality in Malaysia

From thestar

Malaysians don't save enough to see them through their retirement years


MICHAEL Leong, 54, has been a self-employed mechanic for the past 20 years. Having raised three children up to university level, setting aside some savings for retirement has been a challenge. “Being self-employed, I’m not eligible to be a member of the Employees Provident Fund (EPF) which provides retirement benefits for its members,” he tells StarBizWeek. Leong adds that one of the drawbacks of working as a mechanic is that he’s exposed to a “not so conducive environment” on a daily basis. “It’s not the best working environment. Vehicle exhaust fumes, dusty elements and long working hours over the last two decades-plus has taken its toll. On days that you are sick and can’t work, you don’t make money and medication isn’t exactly cheap. “My children have all grown up, live overseas and have families of their own. I don’t want to rely on them, and neither do I want to bother them,” he says.

 Meanwhile, M. Devi, 57, a retired nurse who used to work with a private hospital in Kuala Lumpur, is currently working with a clinic near her house to support her four children, who are still schooling. Devi, now a single mother, married late. Given that her children are still schooling, she realised quite soon after retiring from the private sector that her savings under her EPF won’t be enough to sustain her into her retirement years. “My oldest child is in college while my youngest is in primary school. I need to continue working a while more to see my children through college,” Devi says. She knows of the private retirement scheme (PRS) and wishes that it was available sooner. “If the PRS was made available when I was still working, I probably would have invested in it to help supplement my EPF savings.” According to the EPF’s annual report for 2011, the average savings for active members at the age of 54 stood at RM149,216. Meanwhile, the average savings in EPF for inactive members is RM23,389. Are we saving enough? Despite the fact that Malaysians are earning more currently, their capacity to save has not improved and many are still not prepared for retirement, say wealth advisors. “People are saving their money. However, many are still not prepared for retirement,” says MyFP Services Sdn Bhd managing director Robert Foo. “Many rely on their savings that they have in their fixed deposit account or returns from their unit trust investment. But sometimes, these things aren’t enough to sustain you through your retirement years.”Foo says many people just don’t plan for retirement. “They need to realise early on that once they retire, they need to prepare for a reduction in income.

 Once that happens, they need to determine if they can continue to earn money – perhaps continue working or start a business of their own?” Standard Financial Planner Sdn Bhd’s Jeremy Tan also concurs that many Malaysians are not prepared for retirement, adding that many individuals do not have enough in their EPF savings to sustain them into their retirement years. “On average, Malaysians have around RM100,000 in their EPF by the time they retire. If your lifestyle and expenses amount to RM5,000 a month, then that’s RM60,000 a year. How is the RM100,000 going to sustain you for the next 15 to 20 years?” He says accumulating health bills, home loans still pending, and children’s education fees are the top reasons why many retirees face problems sustaining themselves once they retire. “What these people need to do is create an investment portfolio for themselves so that it can generate different kinds of returns. If you just rely on your savings in your fixed deposit account, it will be eroded by inflation over time.” How much savings do we need The Private Pension Administrator Malaysia (PPA) chief executive officer Datuk Steve Ong feels that individuals need to take better care of their finances. The PRS provides an added security blanket for those saving towards their retirement. “It’s better to be safe than sorry,” he says. The rule of thumb is that a person needs at least two-thirds of their last drawn pay to continue with the current standard of living. Ong says one-third of a person’s salary should be put away now, in order to achieve two-thirds post retirement. If a person is employed, he has already set aside 23%-24% of his pay via employee and employer contribution to the EPF. “For example, if a person can put that 11% into any dedicated instrument that can generate 6% per annum, then by the time you retire you can draw down a good sum. This is the message of the PRS,” he says. Whitman Independent Advisors Sdn Bhd managing director Yap Ming Hui says individuals need to increase the amount they save every month to be able to be “comfortable” once they retire. “You should be saving at least 30% of your income every month.

 On top of the 11% you contribute to your EPF, you need to save an additional 19%. Only then will you be in a comfortable position to retire.” Yap adds that individuals who are self-employed need to save at least 35% every month. “The earlier you save this amount in your career, the better.” Yap adds that the increase in retirement age within the private sector to 60 from 55 previously is a positive step. “With the increase, there is now more time for individuals to accumulate their savings. More working years also means shorter retirement years.” The retirement age for the private sector was increased from the current 55 to 60 under the Minimum Retirement Age Act, which was passed in June and gazetted in August last year.


 It came into force last month. The PRS Fortunately for Leong and Devi, they have the opportunity to take up the PRS, a voluntary long-term investment scheme designed to assist individuals to accumulate savings for retirement. The PRS framework resulted from recommendations made by the Securities Commission (SC) to the Government to accelerate development of the private pension industry in Malaysia. It forms the third pillar of Malaysia’s multi-pillar pension framework after the civil servants pension fund and the Employees Provident Fund (EPF). Ong says the PRS gives contributors added security for their retirement years. As the country moves towards achieving high-income nation status by the year 2020, Ong adds that it is also important to have a high savings rate. “By 2020, 10% of the nation’s population would be aged 60 and above, representing some 3 million people,” he says. The PPA was approved by the SC and set up in July last year to administer, oversee and promote the PRS industry. The PPA functions as a record keeping and resource centre for data on all transactions performed by contributors. It will facilitate transactions and promote efficient administration. Ong warns that one risks falling into old age poverty if no preparation is done to secure the retirement years. “If you’re young but poor, it’s alright, as you can still do something about it. But when you’re old, you may not be as healthy and not be able to do something about it,” he says. The Government first proposed the PRS under the Capital Market Masterplan 2 to complement the mandatory retirement scheme that is the EPF.

The PRS also acts as an alternative mechanism to increase voluntary savings. The scheme is open to all individuals aged 18 and above, regardless of their employment structure. Because participation in the PRS is voluntary, it is targeted at all segments of the population, especially the employed and self-employed who have a disposable income. For individuals already contributing to the EPF, the PRS acts as an additional and complementary avenue to save, while for people like Leong, the scheme is to ensure that they save for their golden age. Out of the 38 unit trust fund providers, only eight were approved for the PRS. Among them are AmInvestment Management, American International Assurance, CIMB-Principal Asset Management, Hwang Investment Management, Kenanga Investors Bhd, Manulife Unit Trust, Public Mutual, and RHB Investment Management.

 Participants or contributors to the PRS have the option of contributing to more than one fund under a PRS or contributing to more than one PRS, offered by the different PRS providers. The SC regulates and supervises all intermediaries in the PRS industry, namely the PRS providers, the PPA, the scheme trustees and distributors of PRS. This is to ensure that it functions in a proper manner as well as to protect members. Each PRS will include a range of retirement funds, allowing individuals to select based on their own retirement needs, goals and risk appetite. A default option is available for individuals who are unsure of which funds to invest in. The default option pairs individuals with the appropriate fund for their age, whether it is a growth fund, moderate fund or conservative fund.

 By EUGENE MAHALINGAM and WONG WEI-SHEN starbiz@thestar.com.my

Buying a new car??

Buying a new car is a good investment or bad thing todo ?? I think it is a bad investment since the car  value always depreciated with time even you buy today, the price already down if you sell it tomorrow. So what is the best option if you want to buy a car. Maybe we can look at the 2nd hand car.    
The reason is

• Cheap price
• Less depreciate in value

Disadvantage. 

• Maintenance cost
• Condition of the car
• Broke down??? Easy

So the choice is depend on us. 

Monday.. happy working

Monday is a blues day to some people after weekend off day. So nice stay at home with family and doing some house chores that cannot be done during normal day. Yesterday i had a shopping at Tesco and NSK which are my favourite place to go shopping. The reason is cheaper price with some coupon and discount voucher plus nearby to my house. Thats the way to save money. But sometimes we buy certain thing that is unnecessary.  To avoid buying thing unnecessarily, its better to do some checklist before going to shopping.

My Unifi is down due to cable  was eaten by mouse. So bad. So life without broadband internet like eat without salt in the food. Other operator like digi the speed is abit slow.  So the speed is unreliable. I dont want to get another broadband after i stopped P1.

My plan to clear all my debt will take another 2 years to complete. So long... With the exception i reduce my monthly spending. So far so good. I have to control my wife since the lady always like shopping. Even for any function or celebration she want to buy new clothes!! That the problem with the lady. Like to show off  for nothing..

Monday.. happy working

Monday is a blues day to some people after weekend off day. So nice stay at home with family and doing some house chores that cannot be done during normal day. Yesterday i had a shopping at Tesco and NSK which are my favourite place to go shopping. The reason is cheaper price with some coupon and discount voucher plus nearby to my house. Thats the way to save money. But sometimes we buy certain thing that is unnecessary.  To avoid buying thing unnecessarily, its better to do some checklist before going to shopping.

My Unifi is down due to cable  was eaten by mouse. So bad. So life without broadband internet like eat without salt in the food. Other operator like digi the speed is abit slow.  So the speed is unreliable. I dont want to get another broadband after i stopped P1.

My plan to clear all my debt will take another 2 years to complete. So long... With the exception i reduce my monthly spending. So far so good. I have to control my wife since the lady always like shopping. Even for any function or celebration she want to buy new clothes!! That the problem with the lady. Like to show off  for nothing..

The Meatball 2

Today is Saturday. I'm still working as usual and finish at 6pm. Some people Saturday is off day. So nice if I can have that off. Actually can but I have to reduce OT time. Less OT means less income. So bad after many years working I still need OT money.

Tonight, I will be going to cinema to watch Meatball 2 with my children. Just for fun and release tension. Sometimes, we need to release tension and get some fresh view outside from our home and workplace. Same for the children....study study only won't make you good. Life must balance between fun, leisure and work/ study. No point if we have a lot of money but no fun in life. Some more we don't know how long we can live in this world. Maximum maybe 70 to 100 if lucky. So, better make use our time and money in better way.

Astro Beyond Terminated

This Astro account is under my wife name but I have to pay every months. Haha..so I can save around RM 90 per month. Not much actually but if I can save for 1 year about $1000. Enough for ticket for holiday. I only left with one basic Astro account..

My Unifi had a problem when the mouse cut off the fiber optic cable. So I can't watch through Unifi. Waiting the repair man to come. Wha the hell!!

Budget.How poor are we??

How many of us have done the budget every month, daily or yearly?? Maybe not many. The reason is our salary money will be finished in just few days after the salary day. So, nothing to write or chart in our budget.
Spending is normally more than our salary especially when you live in Malaysia. Everything is expensive and our purchasing power keeps reducing every year. Our salary is almost stagnant with annual inrement could be around RM100 - 200 per year. How to survive like this....

My monthly budget as below. Even my wife expenses also I have to put in my budget because i have to pay for it. Poor man..

1. House loan - around RM1200 -- small house and affordable price ( now settled with EPF money)
2. Car Loan - RM1550 - lucky buy with low interest ( almost settled)
3. Another car loan RM 1200 - another 5 years to suffer
4. Bill (TNB, Astro, Water, Unifi, HP prepaid) - RM1500
5. Credit cards - the most expensive one (RM10000)
6. Saving ----ZEROOOOO!!

See my budget...soo bad. Where can i get extra money?? Invest in stock...you need money.  If you don't know how to manage your stock, your money will be gone. 80% traders loss money in share market. Remember this!!!

My Job's in one place 14th Anniversary

Yeah...yesterday was my 14th Anniversary working in one place, one organisation but in two different building. Why i'm still in this organization?? It's because of

1. Near to my house 
2. No toll
3. Little jammed
4. Adequate salary
5. Working is not stressful
6. Near to everything

My future plan, to retire and open my own business. What business?? That what i have to think about. Business is not easy and very challenging. The business who can give the best service and best reputation will survive.

What is the best job in the world??

Have you ever think what is the best job in the world. Actually, the best job is depend on your perception and how the job will satisfy you. Some people said the best job is the job that give you a lot money. Some people will say the job that give you a lot freedom to do. So, different people is different opinion.

My criteria are:

1. No stress
2. Good and friendly environment
3. The job that you are very interested and love to do that job
4. Good salary.
5. Less working hours
6. Job that give you freedom to make decision
7. Easy promotion

Become a boss also is not a easy job...A lot of stress and tension.