Masakan Tradisional Indonesia

Frugality in Kuala Lumpur has just gone one level deeper.  A saving of about $550 monthly, a 2 hours exercise sessions for FREE and an opportunity to explore natures within the city has just been proven recently with just ONE simple ACT !  As everything goes, there is some trade off or 'risk' too ... Its Cycling To Work ! Mathew  was a guy who suffers from a terrible 24.3% inflation in 2009.  After he started to follow this blog, he has learned a trick or two to keep things going smoother.  Today he is working as a top executive in a public company but situation hasn't changed much.  He is still in middle level income group.  After his 5 figures income divided by the number of people he has to support, his actual cash-at-hand per person monthly is much less than average personal income ie. $1,500. Many staffs who worked for Mathew always complains about how tough their lives are and demand a salary increment without extra performance to the compan...

A few years back, there was only ONE sensible Group Term Insurance which is the one that has been offered by Public Mutual since many years ago. But when I recently look for more choices, I found some nice surprise equivalent offers if not better ... Etiqa-Public Mutual offers Group Term Life with PA at the following premium Plan Table Of Benefits ANNUAL PREMIUM Term Life Personal Accident A 50,000 50,000 RM170.00 B 100,000 100,000 RM340.00 C 50,000 N/A RM152.50 D 100,000 N/A RM305.00 E 150,000 150,000 RM510.00 F 200,000 200,000 RM680.00 G 150,000 N/A RM457.50 H 200,000 N/A RM610.00 in short it is RM 327.87 protection for each RM 1 you pay. The terms are pretty standard as a group term insurance. However, if one day you are no longer holding any of their mutual funds, your coverage will stop automatically too. MSIG -Stand Chart Individual PA offers RM 492 for 1 million so it is RM 2,032.52 protection ...

Hong Leong Assurance offers a plan that guarantees 12.5% return. Basically you only need to save $3,932 for 6 years and you are guaranteed to receive $500 every year starting from the 1st year for 35 years. So 500 out of 3,932 is more than 12.5% $500 x 35 years would give a guarantee amount of $17,500 . If you do not withdraw this money, it will accumulate more interest. On the 35th year, you will get $50,126 instead of just the $17,500. In addition, there is a dividend payout where the minimum is expected to be $200. Not guarantee but pretty guaranteed as in insurance layman terms. With the most conservative assumptions etc. you will get more than $105,000+ at the end of 35 years. Most of the older readers should know this trick by now. There is no such thing as insurance saving that gives guarantee and higher than Fix Deposit return in normal circumstances. If you save the same $3,932 in a bank account that gives you 1.72% , it will give you a total $41,082 on the 35th year...

I found this in one of the un-published drafts ... Life expectancy at birth : male 69 / female 74 Healthy life expectancy at birth (2003): male 62 / female 65 Probability of dying under five (per 1 000 live births): 12 = 1.2% Probability of dying between 15 and 60 years m/f (per 1 000 population): male 197 = 19.7% / female 109 = 10.9% Basically a male Malaysian can expect to live healthily until age 62 and then drag 7 years before dying at age 69. Likewise women may drag 9 un-healthy years in average before passing away. Some people may have planned for their departure. But almost all people forget their lives WILL NOT just END like that . Instead, it will most probably be a .... ... ... kind of ending. You will most probably be causing troubles to yourself, your family or at least to the society! Other than the finance preparation, what else have you done to prepare for your golden years ? Also don't forget that there are 95% chances that Malaysian will most probably die of...