Budget 2012

Budget 2012 was out yesterday. To me, there is no surprises and yet it's a disappointment. The budget gives out a lot of money in 2012 but it does not solve the problem. By just giving the fish to the people instead of teaching way to fish, that's only a short term solution and not long term solution. After going through the budget, I can only see a few items which are relevant to us.

- In the spirit of “People First,” all subsidies, incentives and assistance totalling RM33.2bil will be continued

- For those in private sector earning RM5000 and below, employers' EPF contribution will increase from 12% to 13%

- My First Home Scheme will be expanded to increase the limit of house prices from a maximum of RM220,000 to RM400,000

For more information, you can refer to

http://thestar.com.my/news/story.asp?file=/2011/10/7/nation/20111007162147&sec=nation

What to do now??

Do you know what to invest in the current market? Hear some advice from Warrent Buffet ;)

http://www.youtube.com/watch?v=e_WF1NhSGIc&feature=related

Pay Yourself First

I find this is very useful for all of us. Do we pay ourselves first or do we pay to expenses first? Learn it from the expert :)

http://www.stockmarketinvesting101.com/twostepspayyourselffirst/

Financial Education

I understand that a lot of people r lazy to read. Therefore, in this post, I invite the author of Rich Dad Poor Dad to give a talk on financial education. :)

http://www.youtube.com/watch?v=YIT2JDHRV44&feature=related

Thanks.

Financial Planning

The term financial planning is getting more and more popular in the world today. More and more people start to realize the importance financial planning. Our life has to always deal with finance. Without finance, can we afford to have a better life?

I just come across an article on financial planning which I find it quite useful. According to the author, there are 3 keys of financial planning for everyone.

Earn more money. As what I say just now, we cannot live without finance or in another word, we cannot live without money. Therefore, we should earn more money in order to have a better life. However, I do not think earning more money is so important. Personally, I think save more money is more important. If we can earn more money and spend more money, what is the point? We are still at the same spot. Yet, if we earn the same amount of money and spend less money, then we are one step ahead.

Insurance. Insurance is important as it will help us when we are in financial trouble. Imagine if we fall sick and need a sum of money, how much money can we afford to take out? Why not we pay small amount every month to let the insurance company to bear the risk for us?

Investment. We cannot just expect ourselves to work for our whole life. We should use external factor to help us to roll the money. Investment is one of the ways to get the money roll for us. Imagine 10% return annually, we can actually save up a lot of effort and time to get that amount of money. Therefore, why shouldn’t we do some investment in order to reduce our effort and time to have a better life?

Feel free to voice your opinion if you have any. Thanks. J

医药卡Medical Card

医院最大的悲哀是什么？钱没花完，病治好了！

病人最大的悲哀是什么？钱花完了，病还没好！

在今天的报章读到这句话，觉得很有意思。在如今的社会，只要你提早发现，就似乎没有不治之症，但前提是你必须要有钱。

有钱，就没有不治之症，

没钱，就只能求神拜佛。

乍看之下，这句话很无情，但却是事实。如今的医药费令人乍舌，如何解决呢？其中一个解决办法就是拥有一张医药卡。当然医药卡不是上全之策，但您能提供些什么更好的办法呢？就一起分享吧！J

Allianz医药卡整张卡的限制是每年限制的10倍。此外，如果Allianz医药卡的持有人如果住少于食宿的话，医药费是完全由Allanz负责的。想知道Allianz的医药卡详情，不妨联络我，谢谢。J

The saddest thing for a hospital is the sickness is cured before the money is finished.

The saddest thing for a patient is the money is finished before the sickness is cured.

I read this in the today’s newspaper and I find it very interesting. In the world today, if you find out you diagnose the illness early, it seems like there is no incurable disease. Yet, you have to have the amount of money to cure the illness.

If you have the money, there is no incurable illness. If you do not have the money, then you have to wait for your luck to see if there is any donation or kind soul willing to help you.

This seems like very cruel but it is a fact. The medical fee is terrifying. Thus, how you can overcome it? One of the solutions is to have the medical card. Although no doubt the medical card cannot solve your problem, but it can help you to solve your problem partially. If you have any better solution, why not share with us? J

Allianz medical card is one of the medical cards which the life time limit is 10 times of its annual limit. Besides that, it does not have sharing if the card holder stays below the room and board. If you wish to know more about Allianz medical card, please contact me ya. Thanks. J

Tax relief

March will be the time for all tax payers to start declare their income. We work so hard yet we still have to pay some amount of money to the government. If you think that paying tax is an action of patriotism, then I think you should not continue reading because what I am going to share is about tax relief, is about how you can reduce the amount you pay to the government. :)

Please refer to the table below for your tax relief. Those amount in bold is applicable for most my readers. Please take note. Hopefully you can get as much tax relief as you can.

Source: http://www.hasil.org.my/goindex.php?kump=5&skum=1&posi=3&unit=1&sequ=1

Happy declaring tax :)

Happy Chinese New Year

Chinese New Year is around the corner and I believe most of the Chinese will be busy preparing and buying things for Chinese New Year. If you are aware, the price of essential goods for Chinese New Year such as mandarin oranges, snacks and others are hiked up. I have read in the newspaper that the prices of some goods increase almost 30% compare to previous years.

No matter how, the Chinese still have to buy them in order to celebrate Chinese New Year. The parents will still buy new clothes for the kids. The teenagers will still buy new clothes for themselves as their friends are wearing new clothes. They do not want to be humiliated by the friends. The working adults will still buy new clothes as the sales are too tempting. Everyone is spending money for this Chinese New Year. For those who are still traditional, they will buy biscuits, snacks and even drinks so that the guests can enjoy themselves when they visit them.

Well, spending money is not an evil deed. However, we have to be cautious when spending money. It’s better for us to do a budget before we spend. Even though we use credit card to buy things, at the end of the month, who will pay for it? Ourselves!! Therefore, be smart when spending money.

Since Chinese New Year is around the corner, I would like to take this opportunity to wish everyone happy Chinese New Year and have a prosperous year ahead. J