Daud has an outstanding RM 20 000 loan from PTPTN that he need to pay. He plans to pay the loan in lump sum after 5 years, assuming he did not sign up for the 1% Ujrah payment method that will make this technique irrelevant and also assuming he somehow avoided PTPTNs blacklist effects. Now let see how much actually that he has to pay after 5 years if the annual interest rate charge by PTPTN is 3%. Read More

“ The average EPF contributor’s have only RM 94 000 at age 55” -  Personal Money, 2004

“ An average EPF contributor would have exhausted 70% of their retirement benefits in just 10 years”. – Personal Money, 2007

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The topic that we are going to discuss now is on HOW TO TRACK YOUR EXPENSES. I’m sure a lot of you guys out there have heard of this so many times, but honestly how many of you actually do it on a day to day basis? Read More

Do you want to invest but don’t have the cash? Don’t worry. Did you know you can use money from your EPF account to invest in unit trust? In fact, you can invest your EPF money every 3 months. What you have to do is to check your EPF statement and check the balance in your account. Read More

Have you ever wondered what is the difference if you invest now rather than later?

Here we have an example to illustrate what we are talking about. Let’s say Lim started investing since he was 18 years old and Khoo only starts investing since he was 28 years old. Let’s also assume the return of investment is estimated at a conservative 10% per year (Yes, for Unit trust 10% is quite a conservative estimate). Read More

Earlier we have looked into Unit Trust. Now, we look into compound interest which is closely related and the backbone of unit trust.

Have you ever heard of compound interest? Compound here does not mean the compound you have to pay when you get a speeding tiket but on the contrary, it’s a reward you get when you invest for the long term. This is probably why your unit trust agen will always advise you to invest for the long term, because the longer you invest, the bigger the reward you will receive. To help you understand this concept, lets see the example below : Read More

Quite a number of my friends complain that they don’t have a credit card to buy stuff online.

Some resign to the fact that they cant buy online and don’t even try to find out ways to buy online.

But did you know Tune Money offers prepaid Visa cards that allow you to buy online?

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Editor’s Note: I would to introduce you to our newest contributor, Sheyzal Azman.

He is a Financial Consultant specializing in unit trust.

He was interviewed by the Personal Money magazine in the March 2009 edition.

In this part, he will introduce us to Unit Trust.

WHAT IS UNIT TRUST INVESTMENT?

Unit trust investment is a collective investment method that pools the resources of many individual who have the same investment objective. The investment will be managed by a professional fund manager according to the fund portfolio and objective. Read More

People usually avoid getting into businesses that are extraordinary.

They usually take up businesses that are proven doable and profitable. That is understandable.

But what if you are a dreamer and have an idea of a business that is extraordinary and not what the usual Joe would think of?

For sure banks will reject your idea because it’s not proven and waiting for Nescafe Kickstart is just not worth it.

This is where Kickstarter comes into the picture. Read More

For those who took a PTPTN study loan before 2008, you have probably heard of the PTPTN offer to change the 3% service charge for existing loans  to the 1% Ujrah payback scheme.

But before you register to convert to the Ujrah Payment method at PTPTN’s website, take some time to read what I have to say here. Read More