Masakan Tradisional Indonesia

Budget 2010 has been around for a while now, but I wonder why many have not made a big deal about this yet. If you are a Self Employed in Malaysia, you can open an EPF account yourself and save MYR 100 into it every month. In return, Government will add MYR 5 into your saving too. This is expected to start next year and 5% top up will continue for the next 5 years. Although $60 a year is a small money but are you sure you want to pass on any FREE money ? Assuming EPF declare a dividend of 4%, you will get more than MYR 10,670 5 years down the road out of the MYR 6,000 you have been saving. MYR 100 x 12 months x 5 years. If you save the same MYR 100 monthly else where, it will need 22.01% interest rate to obtain the same return 5 years down the road. 22% passive return is not something available readily anywhere in the market. The only con side of this offer is its limit of MYR 300 contribution from the govertment in the next 5 years. Which is pathetically little. Then again, it a...

Zero Sum theory says that if one earns an amount of money, there MUST BE another one lost exactly the same amount of money. Bundle with Buddhism (空, 无), one shall NOT care about money ... as all will go back to dust eventually, anyway. Malpf would like to introduce this sign " = ", an EQUAL sign. Basically an equal sign separates out the left and right sides. The sum of left side IS EXACTLY the SAME as the sum of right side. For example, 0=0, A=A, $=$ So when you were born, you had nothing, its 0=0 .... when you die, you will have nothing left ... its again 0=0. So you begin with Nothing and you end with Nothing . But does that necessary means you should have Nothing in between ? One of the rules to keep this equal sign functional is that whenever you add or subtracts something from the left side, you HAVE TO do the same on the right side . For example; (1) + 0 = 0 + (1) so its 1 = 1 If you spend some effort (+1 left side) on something, you will always get something (+...

Seeing that credit card debt has reached a serious and dangerous level, Malaysia government will start imposing MYR 50 fee on each credit card hoping people will reduce the use of credit cards and therefore reduce debt. Although it may sound rational to some people, but its actually somehow a bit funny ... For those who keep credit cards in closet, they actually use the cards as emergency loan facility . Admitting to hospital will go through smoother with a gold card etc. These people did not owe any credit card debt, they were NOT part of the problems to start with. But now they are affected and has to cut off some of these FREE loan facilities. Credit card debt NOT reduced, good people's personal finance affected. Some pay off their credit cards in full every month. They use card so that they don't have to bring lumps of cash around. They were NOT part of the debt problem but now they need to take more risk bringing more cash with them. Credit card debt NOT reduced,...

Starting at age 24, Daniel can save $1,000 a month. Plan to buy a $30,000 car at age 30, get married at 29 and buy a house at age 30. He is also repaying $150 monthly to a $48,000 study loan. Only 10 more months left to pay for a $300 motorcycle loan. The $1,000 is net saving after deducting all these debt repayment. "How to use money after I save them ?" Daniel asked. Daniel has some goals to start with, so its best to draw a life line first. Then Daniel should learn Future-Present Value finance formula . (He may also check out Rule of 72 ) With that he can come up with these figures. With $1,000 a month at age 24; 1. He can save in 2% fix deposit, he will have about $24,500 at age 26 2. In order to get $30,000 at age 26, his target investment return has to be 22% 3. If he didn't use the saving at age 26, it will accumulate to $76,400 at age 30 using 2% FD return 4. If he buy a car with $24,500, he will have $50,000 at age 30 using 2% FD return So overall the...