To me, good debt generate positive income to your pocket (the income u generated from the investment using debt > cost of borrowing), on the other hand, bad debt takes your money from your pocket...

for eg, if u borrow at BLR-1% (Overdraft rate) @ 4.55% to invest, whilst your annual return of your investment is fixed at 10%p.a.(assumption), meaning u r generating a positive net return of 5.45% (10-4.55%), so it will consider a good debt. Successful businessman often borrow to invest, by using other people money to maximize their income.

Correct me if i am wrong.

Dreamer, u r sending a very wrong message here, by encouraging people to channel out their money to overseas as much as they can, i really wonder if u r a true malaysian? if u hate the government and malaysia, why r u still living in this country? form your previous posts i guess u r very loaded and can live in other country comfortably.

You are sending the signal that we are going to have a World war III malaysian version, holding asset and cash in this country is unsafe and better run as quickly as possible to overseas and everybody if they can channel out all the money it will be better. DOn't you think your opinion is bias to those who still love this country and not rich enough to migrate to other country? Many ppl are still cant afford to pay their monthly utility bills, not to think about channel out their wealth out of the country......

Lawyer 1, i agree with u that our top politician may channel out their wealth overseas, this money i believe are somehow maybe illegal money collected from the country. So there is a strong reason for them hiding their illegal income outside the country. The clear example was our ex-MB of Selangor was caught in Sdyney airport holding AUD2.4million cash. But for a legal tax resident like us i dont think we should channel out so much money outside as what dreamer suggested (80-90% of our wealth). I do have some money in overseas too, but not much compare to in M'sia, as i still comfortable to keep big portion of my $ in the country that i live and love.

i always think that it is good to send children to study abroad if the parents are afford to do so, this will broaden their view and knowledge/exposure. I have no objection in doing that, for me 17 years education (up to SPM) in the country is good enuf. I did not get a chance to study abroad but will given the chance to my future kids.

I totally agree with you, maybe Lawyer1 and Dreamer are a few of the non-bumis that can afford to migrate to the 1st world country for the retirement or children education. A lot of non-bumis (Indian that still living in the estates, and some chinese that still living below poority line) still suffering, they may only earn enough for their household expenses, not to talk about migrating for that pupose.

WHat Constant said is making sense we (our generation and next generation) need to be in Malaysia, to fight for our own group of non-bumis. and also let our children continue to fight for our betterment. I am a chinese, so do u know that Malaysia has the best preserve chinese school/education system outside the greater China? that is because our grandparents fight for us, and we fight for our children too, if everyone upset and pessimise and leave the country (of course u must be rich enuf to do so), our poor chinese/indian will never get the chance to learn their mother toungue in the future.

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Added on September 26, 2009, 2:43 amI dont have children yet, so i do not think that long yet. If i do one fine day, i will not prepare money for their tetiary education. If i do extra money i will rather use it and enjoy myself, I will provide free education for them till secondary school, after that they are on their own. If they can't get schoolarship then they need to find their ways to further their education. Many successful people make their own way of success including financing their own tetiary study, not spoon fed by their parents.

Well, there are many reasons that i will stay in Malaysia, and not migrating:

a) i am still optimise and love this country, things can be changed, we are all voters in the next elections....

b) we need to fight for our race, and for Malaysian in general. To me, feeling upset about this country and migrating is selfish and self-centered. You leave your relatives, friends & neigbours that same race with u (whom can't afford to migrate and must live in this country) suffering in this country. If all rich non-bumi migrated, left over the poor non bumi and cause them have lesser votes/power of voices in this country. Their future will become more uncertain.

c) Malaysia is still a cheaper country to live, according to the wellknown big mac index, we are the one of the most liveble countries with low living cost. We have the best infrastructure highway, good environment, above average education/medical facilities if compare to other SEA countries.

d) i do not think living in other country could be better of. Many people always think the moon is always brighter at the otherside of the world, which is not always true. In 1997, HK was returned to CHina by British, many Hongkies worries and migrated to Canada/Australia, and some even surrended their Hong Kong nationalities, and many regretted. Some managed to move back to HK (after few more years staying abroad they still think HK is the best place to live). For our Malaysian case, if u r a non-bumi, once u surrender your passport, there is no U turn, chances to get back your nationality is very slim.

This post has been edited by cheahcw2003: Sep 26 2009, 02:47 AM

My closed relative worked in Hong Kong for the last 20 years and came back to Malaysia few years ago for retirement. Overseas is good for exposure for salary earners, Malaysia on the other hand, is good to live as the living cost is lower, and people here more lay back and environment more relax, property is comparatively cheaper too.

you asked the wrong question, u shd check the title b4 replying it