Comments on: 3 elements of Wealth Accumulation

By: amy

amy — Sat, 30 Oct 2010 06:56:47 +0000

i have a balance personal loan of 10k. the interest rate is 11% and next year is 13%. i have some money of rm5k in my saving. should i use up the money to pay up the loan or park it there for emergency purposes? monthly i am paying rm600.

By: KCLau

KCLau — Sun, 25 Jul 2010 13:32:47 +0000

There are many places you can park your money. And most of the places are good parking place as long as you know what you are doing.

By: james

james — Sat, 24 Jul 2010 11:44:44 +0000

hi my wife has 150k in the bank fdeposit. but the interest rate is not good. where else can we invest it to get better returns. stocks?? tks

By: Sayeed

Sayeed — Tue, 04 May 2010 03:09:29 +0000

For me, making and growing wealth, there is no shortcuts, it takes time, persistance, discipline and most important continuous education.

It is not really about which investment gives us the best ROI, as it keep changing with time, so being alert and keeping our savings and funds active would help us grow our wealth.

Learn and make more!!

By: KCLau

KCLau — Fri, 30 Apr 2010 09:38:17 +0000

You can invest in the area you are best at and interest you most.

By: Hong

Hong — Mon, 26 Apr 2010 06:13:16 +0000

Need some advise on how to invest my 100k.

Was thinking to invest half on Gold (50k) and half as a 10% deposit to buy a condo at Mont Kiara for rental yield.

What you think?

By: KCLau

KCLau — Mon, 26 Apr 2010 02:53:42 +0000

Hi,

Your personal loan come with a cost (the interest). It is very important to make a higher return than the interest charged in order to put you in a better cash flow and net worth position.

By: ahmad shamsul mohd zain

ahmad shamsul mohd zain — Mon, 26 Apr 2010 02:39:27 +0000

hi KC

Recently, my wf do overlapping her Brakyat personal loan (RM200K for 20years, monthly pymt @ RM1,700). Balance from over lapping amt. we do as follows:

1. RM 10K (Children saving account)
2. RM 10K (Gold Invest Acct.)
3. RM 10K (Currency Investment)
4. RM 60K (ASNB)
5. RM 18K (Settle CCard Outstanding)

Can you comment my above action?

By: KCLau

KCLau — Thu, 28 May 2009 01:53:05 +0000

@ Rob,

Good question! Keep asking it and keep finding the answer.
At the end, we all have different set of answers. Something good for me might not be good for you.
Follow your own path.

By: rob

rob — Wed, 27 May 2009 00:03:47 +0000

The question is.. where to save to get the highest ROI? Where to save??

By: KCLau

KCLau — Fri, 13 Mar 2009 02:30:25 +0000

@CharcoalArt

Welcome!

By: CharcoalArt

CharcoalArt — Thu, 12 Mar 2009 05:54:25 +0000

Hi KC, I like your articles, they are straight forward and coincise. I bought your book last weekends. Your tips and advices are very practical. Many thanks. CA

By: Jake

Jake — Tue, 21 Oct 2008 20:57:35 +0000

i agree, wealth accumulation takes time. It is a process

http://www.becomingyourownbank.com

By: Relax

Relax — Sun, 12 Aug 2007 20:06:07 +0000

It is very simple, but very important.

I think I can manage the first 2. The 3rd one is a bit shaky for me. I need more education for that one.

By: Pay Yourself First Strategies and Implementation

Pay Yourself First Strategies and Implementation — Fri, 29 Jun 2007 00:07:03 +0000

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