DISQUS

They should put a Xmas tree! :P
with yummy candies on it

Hey... thanks for mentioning my blog! :D

Keep posting!

I'm using thesis too.
I hope to know how to change my background from white to black like yours :)
Thanks

your friend Relax ~

Hello Maya!

That's a beautiful diagram :)

I think internal happiness comes irrespect of external condition.
We can be happy with nothing and we are not unhappy even when we pursue more in relationship or wealth.

I think true happiness shines even in chaotic times and true unhappiness comes even in the most pampered life.

see you soon. Merry Xmas! :)

Your friend Relax ~

<abbr></abbr><abbr>Relaxs last blog post..How to Develop the Capability of a Super Student</abbr>

I made a mistake of including my investment on Expensr
Maybe I should get Quicken for my overall money management and leave only expenses on my Expensr

Yes, I bought your book for 24 RM
There was huge price cut on Open Day
Maybe u should sell autographed books :P

Congrates for being an author!
I am willing to blog about it for free, after I finish reading it of course.

For now I can only say the book's presentation is top notch and it has a lot of substance and valuable resources. Definitely a value buy!
(I got the book from True Wealth office btw)

I am too young for life / term insurance and endownment
No one is depending on me
So I will not buy and invest all the money

Is it possible to buy only TPD insurance? I heard people seldom sell it seperately

Haha thanks.
Maybe that's because I am a single, frugal NEET who lives with my parents
If I have my own family, maybe my fear will be different.
I think it is advantageous to prepare for financial fear at young age

Thanks for your offer, it will be a great honour to write for your blog one day !!

Thanks for sharing.

My financial fear:

1) Can't become financially independant at young age
2) Can't become millionaire before old age
3) Can't own a house without debt


1) Can't become financially independant at young age
By being financially free at young age, many financial problems in the future will be minimized, esp. family related financial problem
Without it, financial life will not be headache-proof

2) Can't become millionaire before old age
If I can't grow big sum of money with such a long time frame, something is seriously wrong. The economy perhaps? Also with more money, I can leave stronger legacy to the society, such as having a fund to generate passive income that will fuel charity causes

3) Can't own a house without debt
I mean the house that I will live in, not the ones that I will rent it out and sell it one day..
I will delay gratification and pay the house in cash when I have enough money... the problem is.... how long to make that kind of money. Short term loan less than 5 years is an acceptable option.

A) Supporting the family
If I have children, I will open a fund and invest (monthly) for each of them, right from the moment they are born. Azizi Ali put money even before his daughther was born. Well, I do so because if I start investing for my children early, I can put in far little monthly capital than I start late (compounding effect).
I will put RM50 a month into each fund, in equity fund since it is a very long term investing.
The money can be used for anything 20 years later when they grow up.
If I am rich enough (I hope so), I will buy annuity for my children when they are born (is it possible to do so, KCLau?) to diversify their investment portfolio,

B) Staying at home
OK, that is why I want to be financial independant as young as possible and avoid things that take away my time from my family. I am puzzled why some financially free, or rich people are willing to work until they have no time to be with family. Is the love for work more important than family?

I have to mention that I get free food, roof over my head, and transportation (plus a bit of pocket money) from my parents. I can go on and on for many months.

I hope I won't be a Freeter for long. I want to spread my wings and fly. It is not nice to be the burden of my parents for too long :)

Interesting.... NEET sounds like a cool word. I think most fresh graduates are sorta like NEET.

I think I am a NEET. I just graduated and I haven't got a job yet. Although my income is nil, but my time resource is full! (people forget that besides money, time is also important when comes to personal finance).

With quite some time in my hands, I choose to take this opportunity to invest in myself. I buy a lot of books to read to improve myself. Most of the books are related to personal finance (those Azizi Ali stuffs). I also keep myself healthy by exercising often. Maybe I will learn new skills like singing, which might come handy if I want to look for side income in the future after I get a job. I think for now the most important thing for me is to gain knowledge in personal finance. Learning about personal finance is the best investment that I have ever made.

I have saved quite some money in the past so my reserve fund is enough to keep me going without paycheck for months. I am not worried for now. Some of the extra cash will be invested in unit trust fund.

I try to learn about property investment. I might have the knowhow to buy properties once I start to work. I think I will get a job plus a side income so that I can escape the rat race as soon as possible, no matter how badly I am paid. 2500 RM per month is a reasonable salary but 1500 RM will be insulting for my qualification.

For now, life is sunny and being a NEET is not a bad thing. :)

I think NEET is bad when people do not care about their financial future. Once the cheese is "moved" away, they will be in serious trouble.

I voted for you. You are now leading! congrates!

Thanks for sharing
I think Malaysian equity market will bounce back most likely. Time to dive in slowly to plant some investment seeds! :D

Hmmm not bad. I always thought the min salary for engineer is 2000 RM
Now I am most positive! It says the min salary is 2500 RM

Thanks for your useful tips.

I always see my spending decision a resource allocation decision. Money (and other resources like time, energy etc.) is allocated to buy certain things. Is such resource well used to get the goods? Does the goods benefit me in some way? Is the benefit long term or short term? etc.

There is another money philosophy....

Income - Saving = Expenses

Every month after getting pay, a portion of money is saved or invested. The rest of the money is used for spending as much as you like since the saving is already allocated to our financial planning so it is up to us to use the remaining money freely.
Some people might want to do so but for me I will save as much money as possible for my future.

Yeah I want it :)

Here are more tips:

http://www.youtube.com/watch?v=eTSVXTCw9cY

Thank you for your reply.

A complete installation of solar energy system for one house alone, cost about 10000 USD. Can Malaysians afford that kind of money? The cost of getting elec. from the grid is far more efficient. You can try to live off the grid, and see if you can afford it as an average joe. Regarding green energy and living off the grid, I recommend you to watch "Off the grid with Les stroud", somewhere on youtube.

http://wisecurve.com

Anyways, energy problem is complicated and there is no perfect solution. The government is just doing what it has to do, and some costs are, unavoidable, which is normal in this issue. We cannot have 100% problemless solution, so bashing nuclear energy or other not so politically correct policies, is over simplistic.

I think your Chernobyl analogy is not accurate.
nuclear energy is cleaner than you think.
the waste of nuclear fussion has about 10 to 20 years only but nuclear fission has longer half life, which is a bit more "dangerous", but the waste quantity is far lower than coal fuel, which cost more harm to the world through global warming.
This diagram will illustrate the comparison of waste amount. Nuclear energy wins hand down.

http://www.fzk.de/fzk/idcplg?IdcService=FZK&...

ion terms of safetiness, nuclear fission plants are now in 3rd generation phase, which is highly safety and anti-melt down. 4th generation plant is in development phase and will be even more safety.

you comparison of Chernobyl with nuclear bomb is highly misleading. Do you know that when the plant of Chernobyl "exploded", the firemen who rushed into the plant to put things in order were not aware that there was a nuclear fallout as if nothing big happened? They died about 3 weeks later.

It is understandable for most people to have a distorted view on green energy and nuclear energy since green energy is over tauted and nuclear energy over demonized.

Just pointing out some misleading stuffs, not to hit the author.
This post is inaccurate. sorry.

In my opinion, solar cells are very costly and not worth the long term investment with our current economic power.

Our country is not so suitable for wind power. We need different weather condition, such as in Denmark. Wind energy cannot cover most of the electric demand in our country. I think it is easy to talk about green energy, than really implementing it.

You know I am an anti-car person.
I still think it is a luxury, not a need.

My choice:
I would stay somewhere near to the work place, or near LRT station.
the benefit of driving for such a high cost is not worth it.

I think many people are brainwashed to believe that a car is a basic need.
Even my mother think so.

I bought that guy's book.
He is one of the best behavior economists in the world

One more video to share:
http://youtube.com/watch?v=KG3C47NILjA

Congrates to Kenny Lau.
BTW, I have something to share

http://youtube.com/watch?v=kiQQh3KvZV0&feature=...