With the indefinite suspension of the Real Property Gains Tax Act 1976 on 1st April this year, the Malaysian property market seems to be a good place for investment especially for those real estate flipper. Property flipping is a practice whereby a recently acquired property is resold for a considerable profit with an inflated value. When market is hot, real estates prices are appreciating as much as 2% per month. All you need is to wake up early, and queue at the hottest property launch in town. Make sure you ...

It is well-known that the most effective way to accumulate wealth and see your net worth growing day after day is paying yourself first! My Wealth Builder explain in details the three simple steps to pull off this only saving strategy you'll ever need. I summarized the three steps here: 1. Pay yourself first from every paycheck 2. Don't touch funds from step 1. 3. Invest and grow the funds These steps look simple and obvious, but human being is emotional. It takes high discipline to procrastinate your spending. Impulse buy happens every single ...

When you refinance your mortgage, there are two important documents you need to sign: the offer letter, and the loan agreement. Every bank offers different terms and conditions on home loan package. Most of the time, you will be too busy to read the offer letter and loan agreement. If you can't get the time to read it, make sure you asked the following questions before you sign the documents. Frequently Asked Questions on Home Loan 1. Can I make capital repayment anytime? There are banks that require you to produce one month ...

Refinancing your existing home loan can save you a lot of mortgage interest. In certain cases, you can easily save more than a hundred thousand ringgits if you borrow a substantial amount of money to buy your residential house. The reason to refinance mortgage: to save interest cost with better home loan package offered by other banks to reduce monthly payment to reduce or prolong loan tenure to cash out the home equity for emergencies or other needs such as children education and business venture. maybe it's just simply to enjoy better flexibility in managing cash ...

Emergency fund is the amount of liquid money set aside for unexpected circumstances. According to Golbguru, the emergency fund must adhere to the following three requirements: 1. Must be liquid and easily accessible through common instruments like cash or checks. 2. There should be a sufficient margin of safety built into it 3. It should be held as risk free as possible. Golbguru also defined that your ideal emergency fund should be able to cushion the worst possible scenario (specific to your personal situation) that you can imagine. Add a 20% margin of error ...

Getting the perfect financial advisor is not an easy task in Malaysia. Most of the time, you are approached by a so called financial planner but who actually sells merely insurance, or unit trust, or some banking products. Definitely product selling is out of date. Here is an outline of the best quality you should look for when engaging a financial planner: 1. Do you like the financial planner? No matter what his title or designation: financial planner, financial advisor, financial consultant, wealth manager, financial adviser, CFP, RFP, ChFC etc, the important ...

Shalini Bahadur is a retail analyst and researcher in India. If you are in the business of retail, you will find a lot of money tips at The Power of Retail. Shalini's articles cover wide different topics including blogging, business software, technology, marketing and the most appealing - retail industry. You will find some industry news in the retail worldwide including online store such as AbeBooks.com and Buy.com, and many other branded retail giant such as Tesco, Walmart and Blockbuster. Pay The Power of Retail a visit and get some business ...

I started trading at KLSE (Kuala Lumpur Stock Exchange) back in my university years. As a young investor, I was eager to learn how to do investment and earn money without hard work. I was proven wrong that investing takes hard work, unless I want to be a passive investor that will be a different story. To trade stock at Bursa Malaysia ( previously named KLSE), the first question I asked is: How to have a trading account and start buying shares? Want to read some history about Bursa Malaysia? The ...

Did you join Squidoo? I would urge you not to miss the bus. It is heading to your financial freedom if you ride on it wisely. I received the newsletter from SquidU Review Editor and it is so informative that I can't stop myself to compile the best tips here about how to use Squidoo lenses eBay module to sell your item at eBay. If you are not yet an eBay seller, refer my previous article about how and why you should be an eBay seller. If you are already ...

Are you looking for the best credit card? or the most suitable credit card for your spending habit? I just found this site which listed all the available credit cards in Malaysia: Money Section. I browsed the website and I think it is incredible. All the credit card listed are up to date and they even include the credit card I am using: eCosway Alliance Bank Visa Gold Card. I previously wrote about how I got high rebate by using this credit card. A few days back, I just received an email informing ...