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How will you use the power of leverage ? LEVERAGE 1.0  : I have $1 and I know how to earn $2 from it.  But earning $2 is not interesting to me.  So I found a way to borrow $30 to do it. My debt ratio is 30:1 Supposedly after it is done, I earn $60, pay back the $30 and $5 interests/fees.  I could have earned $25 instead of $2.  This is the power of leverage, amplify my earnings. But when things go south, I haven't earned the $60 yet but I have already owed someone $35.  I just needed more time and I CAN get more time by just paying more interest /fee.  This time its another $8.  So I will need to pay back $43 but if I could earn the $60, I still have a profit of $17.  Not as good as $25 but still better than $2. Just in case my $60 still hasn't come in yet, I could extend my time again by paying another $10 interest /fee.  By then my potential profit is $7, much worse than $25 or $17, but still better than $2. However eventual...

More and more people are asking about personal or business loans recently. Many do not know where else to get one except from loan sharks ( Ah Long ). Hence they were left with 'no choice' but to take the risk to venture into whatever their dreams are. Actually there are quite a bunch of legitimate sources ... Below show a list of sources who can give you a loan without any collateral ( tak payah cagaran ) just click on the image to view the big detail image Some of them may not offer the loan as stated in above list anymore but they usually have other similar alternative products replacing above. So you can just call and let them know what your needs are. They should be able to offer something as they have been 'requested' by the government to 'assist' local entrepreneur. The interest rate will NOT be LOW as it does not have collateral. But at least they wouldn't come paint your house red I suppose. It is their job to assess your ability to repay...

Very often the terms mortgage and home loan are used interchangeably . Although it might not cause big harms but understanding the difference may bring positive impact to your personal finance ie. in Property Investment. In fact, mortgage is the opposite of loan. When you need extra money, someone can lend you some and in return they gain profit when you repay them. The lender may ask for collateral like your house so that if you don't repay them, they can take possession of your house, sell it and still earn a profit by doing so. They give you a loan . If you have something valuable and you want to exchange it temporary for some money, you can prove to people how valuable your possession is and why should they give you money for it. You get your money if the lenders are satisfied their interests will be taken care of . You have just mortgaged your belongings. Loan is a lender's contract, mortgage is a borrower's contract. At one instance, it may seems the same. It...

In an earlier article , a myth was broken where it says " getting loan will Decrease your liquidating options " so if you have the cash to buy the whole thing, you should go ahead and buy it and NOT getting a loan. Because once you get a loan, you will end up disposing your item Slower and get back Less worth - which is the opposite of liquidation. That message has disturbed a lot of old friends who have been using loan successfully in their property investment. They have been borrowing loan in their investment for more than 10-20 years and almost always successful getting back a bigger return as a result of the loans. If loan is not a good thing or not liquidating, what has happened in the past 10-20 years, they just got lucky ? Loan or any form of effective borrowing, is a leverage tool. Lets take a look at the same example used in last article; You have the option to buy an property for $100,000 and you could also get a loan where the interest is 5% for the next 10 y...

You may have heard people are claiming its better to get a car loan than buying it with cash even if you could, especially from those car salesmen. Likewise, property investment gurus say that its better to get a home loan. These are some of the key reasons why they say loan is better than cash; Liquidity - keep your money with you, you may need it in future. Income tax department may come 'disturb' you seeing that you have loads of cash. buying stuff with loan usually gets more gifts. It shouldn't be too hard to realize the main reasons why people pursue you to get a loan is because they may get a share of the interest you are paying. For example, car salesmen earn double the commission when they sell you a car with loan. Property agents want you to buy more property with the limited money you have hence they can earn multiple commission instead of just once. Other than that, most others who pursue the same are most properly are just due to ignorance. This situation ...