I read the book The Millionaire Next Door in year 2001. It is a marvelous book! Here is one of the gem: One's expected net worth (ENW) = [Age X (Realized Pretax Annual Household Income - inheritance)/10] - Inherited wealthExample, Mr. Lee's annual income is RM100,000, age 35. He inherited nothing from his ancestor. Lee's expected net worth = [35 X (RM100,000-0)/10] - 0 = RM350,000. According to Dr. Thomas J. Stanley ( the author ), there are 3 categories of wealth accumulator: 1. PAW - Prodigious Accumulator of Wealth2. AAW - Average ...

How rich are you? Most people are reluctant to answer, because there are only 1% of the population are rich!Anyway, if you are to answer such a question honestly, what would it be? Would you answer "I have 2 houses, 3 cars, a few FD etc", or "I am worth RM300,000", or "I earn RM20,000 a month" etc.There are many ways to state our wealth. In fact, wealth is more appropriate to be stated by "time", not the amount of "asset" we have.This is the formula:Wealth = How long ...

Although a WILL is a legal document, but it is not an agreement. We might not necessarily seek a lawyer's advice on writing a WILL. If we can get a compatible Estate Planner (EP) is more suitable to advice you on WILL writing. It will eventually save you a lot on the WILL writingfees. Below is a few advantages:1. Professional advice on estate planning,EP can advice you on how to plan your will so that you will have the slightest chance to rewrite it again. ( this is already a ...

Since I am an insurance agent myself, it is my job to always ensure my clients are all well protected. I will try to put it in a simple form so that you will know what can be insured in a life insurance policy. There are 5 major benefits:1. Accidental CareThis is usually a rider attached to a main policy. It covers permanent disability, and death caused by accidents only. Accidents include car accident, fall down, etc. Normally it pays double the amount of sum assured if accidental death happens ...

On the Christmas Day 25th Dec. 2006, I went to shop for a new Sony Ericsson K800i at Bukit Jambul Complex. K800i is a very new model with the best camera built-in. From the offer brochure of Alliance Bank credit card, the price is RM156/month for 12 month installment. Total amount paid will be RM1872.I am trying to survey the retail market about the price. First shop I visited offer RM1500 with 512MB memory upgrade. No extra charges if paid using credit card.The second shop offer RM1460 for the exact ...