Let’s face it, everyone (no exception here) will encounter several personal fears as they go through their life phases. These fears can be about their health, family’s well-being, job performance or security, personal relationship, etc. There is one fear which most of us will definitely have to deal with and that is financial fear. As I read about other people’s financial fears, I discovered that they are quite similar to my own fears. I have listed down below several financial fears that the majority of us will encounter. • Buying a house • ...

A friend shared a story about a fresh graduate from local college. This young man are seeking for a job. After many months, he has attended several interviews. Despite being offered a job a few times, he turned down every employment offer. It is quite shocking when I learn the truth. He told my friend,"The highest offer I get so far is RM2000/month salary. If I started working, I will get RM2000. But now, my dad is paying me RM1800/month when I am still looking for a job. Why in a ...

Mr. Yap lost his brother when he collapsed one ill-fated Monday morning due to sudden heart failure. Mr. Yap was a guarantor to a housing loan sign-on by his brother, he was liable for paying the monthly installments of RM 1,800 towards financing the home. Almost immediately the property was auctioned off by the bank, forcing Mr. Yap to incur a new debt of RM 120,000 the shortfall arriving from the sale. Mr. Yap was fighting hard to stay afloat and was threatened with bankruptcy by creditors. My Yap was fearful ...

At some points in your life, you will encounter debts. It could be from an education loan, car loan, personal loan or other types of loan. Normal debts can turn into ugly bad debts when you are unable to repay them consistently or if you continue to rake-in continuously new debts every month. When you are swamped with debts, you may unavoidably start to worry on how to tackle your debt problem. To understand how you got yourself into the mess and how to stay bad debt free, apply the 8 ...

Bankcruptcy is a word that immediately brings a negative vision to our minds. It happens everywhere in the world and is not partial to a certain country, race or nationality. In Malaysia, the total number of bankruptcy cases nationwide has risen from 70,009 in 1999 to 106,000 in 2003 and today the figure stands at 160,000. Bankruptcy law exists to help both the bankrupt and the creditor. It will stop the creditor from harassing the debtor and it safeguards the rights of both parties. What is Bankruptcy? Simply said, it is a legal ...

I received a query on debt management. Hi, Mr Lau, First of all, many thanks to you for giving me the free e-book. Its’ worth reading, cause I’m aware of unit trust investment now. As introductory, I’m female, age 33, working in a factory. I’m in debt, honestly. I’m in debt of personal loan, housing loan, credit card loan. However I’m also having passive income, if that’s correct to describe my monthly income from 3 acre land of kelapa sawit. But honestly I’m not a decision maker in financing. Would you please advise me on below problem; Debt ...