In order to be smart and calculative in personal finance matters, understanding the time value of money is an essential part of the learning process. Starting today, I will be posting a series of computation method related to time value of money on every Wednesday. Today, we will learn to find the rate of return required to meet a financial goal. Common Problems You have set aside RM10,000 for your future dream home down payment. You want to have at least RM15,000 after 5 years time to purchase your dream house. What ...

I received several question from readers asking opinions on foreign currency account (FCA). Some people look at it as if it is a very safe and high yield investment because some foreign currency denominated account gives more than 7% interest per annum. In order to post a thorough research for you, I fired some emails to most of the banks in Malaysia. Guess what? Only Citibank's Ms. Amie Heryanie from Internet Service Support replied my email enquiry within 2 working days. At the point of writing this post, the other banks ...

Last week from KCLau's Money Tips Four Ways to Enjoy Personal Tax Relief for Education Purpose {Complete Guide for Malaysians} We all hate to pay tax. Ironically, the more taxes you pay, the wealthier you are. However, it might not necessarily so. Because a person earns more than you might be paying less tax money with proper tax planning. One of the area that you can get a tax relief is for education purpose How to calculate the value of single sum investment {Time Value of Money Tutorial} In order to be smart and ...

Welcome to the December 8, 2007 edition of personal finance money tips. Dan-O presents How to Make Real Life Money in the Second Life Virtual World posted at Danogo.com - Discover. Inspiring . Media, saying, "People are making millions of real dollars in the virtual real estate business. Are you missing out on the next Web gold rush?" Mr Credit Card presents Balance Transfer Credit Cards Video Tutorial and Guide posted at Ask Mr Credit Card. Jesse Moran presents The Frugal Way of Living Blog posted at CompGifts - ...

This post is part of the series on The 4-hour Workweek book review. "The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work? A world of infinite options awaits those who would read this book and be inspired by it!" –Michael E. Gerber Founder & Chairman of E-Myth Worldwide and the World's #1 Small Business Guru Chapters: My Story and Why You Need This Book Page: 5-12 The author jokingly says that he will answer, "I'm ...

In order to be smart and calculative in personal finance matters, understanding the time value of money is an essential part of the learning process. Starting today, I will be posting a series of computation method related to time value of money on every Wednesday. Now, we will start with learning the calculation of the value of single sum investment. Common Problems You have RM10,000 in a fixed deposit account, giving 3.7% return annually. If you don't cash out the interest earned, how much if the total money accumulated after 15 years? Ali borrowed ...

We all hate to pay tax. Ironically, the more taxes you pay, the wealthier you are. However, it might not necessarily so. Because a person earns more than you might be paying less tax money with proper tax planning. One of the area that you can get a tax relief is for education purpose. Education is a liberal concern because it is about empowering people with the skills, knowledge, attitude and aspiration to develop themselves. Some believe that in order to have a brighter future with better earning capability, higher education ...

Last week from KCLau's Money Tips Top 21 List of the Personal Finance Application and Softwares 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. Interview the Founder of The Banzai Way 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 ...

Blog Carnival personal finance money tips archives | submit post Welcome to the December 1, 2007 edition of personal finance money tips. Dorian Wales presents Investing mistakes to avoid posted at Personal Financier, saying, "Surprisingly, investors often make the same mistakes. It is even more surprising to find out even veteran investors often repeat the same mistakes over and over again. It is hard to resist our human nature but one must overcome one’s urges in order to become a successful investors" Yazan Manasrah presents Uncluttering your mind posted at ...