Finally, I found The 4-hour Workweek in my mailbox. I tried to find this book at the Borders bookstore in Penang Queensbay Mall. There are two copies recorded in the system, but found none on the shelves. I registered my name, but there is only a follow-up call weeks later saying that I had to order the book and it will take probably a month to arrive. Meanwhile, I had ordered my copy from Amazon. The shipping cost actually costs more than the book itself. The New Rich Timothy Ferriss created a ...

Banzai Way is a brand new online application that helps you to manage your money more efficiently. I was given the chance to use the service since last week. Even though there are many other web apps that provide cash flow and net worth management functions, I think Banzai Way really provides some special service that's not available on the others. After a week of trying out the service, I can say that it is so far so good. In this post, you will find the interview of Banzai Way's founder, ...

Managing money is a lot of work. But with the help of technology, it is just a matter of inputing data. Here is a list of all the softwares and online applications that can assist you to keep track of your finance more efficiently. 1. Microsoft Money MS Money is a robust, user-friendly personal finance program that includes features that allow you to manage your finances, budget, track your investments, bank online, and plan for your taxes. It is one of the most comprehensive software especially useful for those staying in USA. Features: integrate ...

This week onward, I will include a list of personal finance related to news in this Sunday post. If you are a very busy person and hardly find time to read newspaper, the financial news section at the bottom of this post will serve as a "filtered", or "shortlisted" version so that you can easily keep up with the current news. KCLau's money tips last week: Commit Suicide: Can you claim life insurance benefit? A recent data reported by NST shows the estimation of between nine and 13 per 100,000 people compared with ...

Welcome to the November 24, 2007 edition of personal finance money tips. Edith presents 7 Business Lessons Learned from Watching Warren Buffet posted at Edith Yeung.Com: Dream. Think. Act.. :: Suzanne :: presents works for me: how to sell on ebay posted at :: adventures in daily living ::. Larry Russell presents Where?s Waldo? - The illusion of superior professional mutual fund manager performance. posted at THE SKILLED INVESTOR Blog, saying, "The effort to find those few supposedly superior money managers willing to sell their services ...

A recent data reported by NST shows the estimation of between nine and 13 per 100,000 people compared with eight in the 1980s commit suicides. However, health experts say the figure could be higher. Of particular concern is the suicide rate in the Indian community in peninsular Malaysia. It is estimated that 30 to 35 Indians in 100,000 commit or attempt suicide as against 15 Chinese and six Malays. The main causes of suicide in Malaysia were financial problems, depression, drug and alcohol abuse, poverty, childhood abuse ...

What's your time worth? Value of money is always tied to time element. If you work, you need to understand the basic concept that you're trading your time for money. Time is a nonrenewable resource, but money? You will be able to make much more money if you understand the relationship between time and money. That's why one of the fundamental subjects of financial planning is “Time Value of Money”. Simple Method to Calculate Your Hourly Wage without using the Calculator Take your total gross income per year, remove the last three zeros ...

I often got this question about life insurance from readers, prospects and clients -- Should I lapse my existing policy in order to buy a new one? My answer is always a big NO. You can buy a new life insurance policy, but surrendering your existing one is always not to your benefit. Why you shouldn't surrender your existing policy Photo by kiddharma 1. Your existing policy was bought "previously", which means you are younger at that time. The premium rate should be cheaper if you are going to get it now. 2. Cash ...

Investment always requires transaction cost. The typical cost in unit trust investment is the upfront service charges (paid to the agent), management fees (paid to the fund managers), and trustee fees (paid to the trust corporation). These costs are inevitable. But when there is a problem, there is always a few strategies to minimize the damage.     How to Minimize Investment Cost in Unit Trust Saving at the upfront means you had successfully make the better first step compared to the others. Adding the compounding interest effect, the investment cost you save will ...

The local share market is probably the easiest route to get your money invested instead of sitting idly in the bank. But most people had heard from their friends, family members or relative who got burnt several times. However, don't be scared and don't be naive either. If you are going to invest, put some effort to learn. The Internet is a great platform to provide a great learning experience.   If you are asking me to recommend any website about investment in Malaysia, it has to be Talk and Share. You ...