They call my hp and explain that plan from Public Bank and ING insurance plan. I forgot the name, but they say can check at Public bank website

Can call Toll Free Number at 1-800-22-9999 to find out more!

http://www.pbebank.com/en/en_content/perso...ance/index.html

my parents like kids a lot...If I got kid, I going to leave them with my parents for education and financial....I just cannot afford..or else I dun want kids, let the continue the family generation surname by my two younger brothers..They are teacher white collar, teaching tuition should earn a lot more than me...

that is why from very begining of the thread when I post, u see I put drink water eat bread, eat porridge, etc..

I am actually an non-exempt blue collar technician working in a factory, a small potato. I usually deal with operators, cleaner, etc. I no see sun just work work and more work. I struggling work a lot, few partime job just like Ah Kau, OT, only can get RM2800 per month. I am just like Ah Kau a stupid dog where other look down at me even I do some part time job.

http://www.skorcareer.com/malaysia-eng/ent.../ahkaustory.htm

I am sad when ppl look down on the part time job that I suggest/ I do one...To me it is still hardwork , I earn an honest earning...

Why must ppl look down on part time job such as baby sitting, wash car, walk the dog, repairing computer, take wedding photograph, etc? From hobby/ experience put to practical use to earn some hard earn money....even if u bake cookies or cakes and sell during festive season, or sell homegrown vege at morning market is an extra part time income lo..it still generate $

That is why everyone, relatives, colleague know - they do not expect much from me. Don't talk about birthday those asking me to pay/belanja where got money? If wedding I give angpow RM30, they understand too, colleague engineer usually treat me makan, coz they understand too I low pay basic struggling to stay alive. My mom and dad also understand they do not ask money from me coz they got property to collect rentals.

Do you think it is human for them to take $ from me? Just like stealing money from the beggar bowl.

I am bring up in a very poor family. I last time stay in single storey hse, father is a boiler at factory. I got used to life eating white porridge with kicap. Mom went market buying left over veges etc and cook as meal.

Even today I practise going to Giant buying RTC - Reduce to clear , almost expired food.

To learn more on savings, can read from here..

http://www.fomca.org.my/kewangan/index.php...wangan-berhemat

http://www.duitsaku.com.my/index.php

http://www.bankinginfo.com.my/

http://www.insuranceinfo.com.my/

can also look at the Buku Pengurusan Belanjawan Keluarga - Inside got tips how to save water, electricity and petrol

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Added on January 4, 2013, 7:03 pmFocus in settling the loan first...Your brother loan is RM4500 per month need to pay installment is a lot..Usually hse loan should only be 33%. He is paying more than 50% oledi..

Good times job can secure RM7K...what if lay off? RM4500 - RM 1800 (from property rental) = RM2700 ( every month still need to pay RM2700) . He got prepare 6 months cash liquidity to survive?

Huge gambling... coz your brother entertainment also RM1K, his life stlye clubbing a lot? drink a lot or smoke a lot?

The more you earn, the more loan you get liabilities

Usually ppl jump aeroplane go US or Japan become dishwasher or cleaner at oversea, they try to save as much money as possible, come back can buy hse, car and shop and start a small business..

but your brother look like wanna settle oversea already..Thus u cannot convert to RM. How much he earn there is how much he spend..his spending above is around the RM7k already...

If ask him to invest some more is like putting deeper into the hole can go brankrupt if cannot pay back..Loose everything...Do not be greedy..

This post has been edited by AAAABBBB: Jan 4 2013, 07:03 PM

I concur Creativ.
Children are, what they are, because of parents.
"Monkey see, monkey do" as they say.
My little one surprises me on & off with her good conduct ($ mgt, the want to grow, the want to help) AND also bad conduct (foul mouthed hehe), both of which i noticed is similar to my attitude/action.

IMHO, if as a parent, i'm not smart enough to manage my $, debts and assets (and non $-related stuff), how lar to teach/coach my children?
To teach/coach effectively, one has to do, heck to live it first then only my child can see "papa walks the talk", not just talk.

IMHO - children never asked to be born, thus we as parents OWE them to grow them well.
Sorry... ramblings of a demented rat

I'm not saying about educate my kids although I do agreed with the statement above. Raising a child is no more small matters, requires quite a fortune, efforts & time.

Btw it kind of hard to explain to my kids, why we as parents don't have Ipad or tablet nowadays no matters how..

congrats on the 'rich' bank account. but also condolences on the 'poor' life.
i m not advocating jolly all the time and spend all your money. yet, we also cannot be at other the extreme end.
a rich life doesn't mean only financially rich. what is the point of having 100k in bank when you cant 'afford' to treat a good friend to dinner? or buy birthday presents or wedding angpow.
or go watch a movie in cinema? or eat good food.some ppl might have less money in bank, but they have seen the ancient city of Rome, or ruins of Angkor Wat. they have experienced life.done more, feel more and taste more.
sure, some might argue that you can do those all later after you become millionaires or retired. but remember we all living in borrowed time. even if u have the time, by then you might not have the energy or friends to join you.
money is just a mean to an end. it only has value when you spend it, else it is just some figures on papers.
certain things like quality of life, love and friendship cant be replaced by money.

100% agree, money is important, but it's not everything. Most important is we live the life to the fullest. Money is still not yours if you are not the one spending it. In the end, it is just zeros in the bank account.

i have 14k
i plan to use it on march this year for car downpayment
better to put it in ASB or fixed deposit?

Agreed...But if u saw my post..earlier life i mention how to use the interest buy necessity ...

I owe hse and car already..

two years back in 2011, my mom and dad did give me a lecture on quality of life..They mention they old and aging alrady...

thus I decided to take out some intrest from the money in the bank go travel

parents going on a tour see around the world b4 pass away..they fully retired..

as a son duty I accompany them to travel, I pay for my own - I can only afford 1 trip oversea per year my budget around RM3K. Parents they can pay for themselves. I bellboy la help to carry the heavy laguage

Thus in 2011 - went for a tour 10 days to Kunming snow mountain, dali, Lijiang those lo (around RM4K i spend..Overbudget already..I work hard to earn back RM1K)

2012- went with parents to 10 days tour to Sabah, 8-9 days tour to Sarawak and Brunei, then I make a trip 8-9 days to Cambodia with friends. thus Angkor wat I see oledi b4 it ruin (RM4k like that coz fly air asia, some stay relative place but still overbudget, I need to work extra hard to earn back the RM1K too..)

I sleep in cinema one lo.. I maintain spending RM200 a week if got balance I go cinema watch movie to release some stress..I go first time watch the first half fall asleep already...so I go again next time watch the 2nd half of the movie...I am a supporter of local and international film industry!!!

eat good food? Aiya I am still poor...But I never mention my parents poor ok..I do eat good food when go back home town. Last year got eat abalon . If reunion dinner like for CNY RM600+ a table, I share lo with my brother

I maybe poor, but I choose to earn my 1st million the hard way...I do believe money can make more money..

I understand from economics recession happens every 10 years or less, economy good that time, I work hard earn more money and do more savings..preparing for rainy days later..

Recession that time, govt urge ppl to spend more money so can create more jobs to save the country economic..This is the time I spend- I buy hse, shares, etc to help country to boost up economy. I do my part ..

Time money cannot buy, that is why I want to earn 1st million in 10yrs earlier..so I can take care my parents, then the remaining time I do more.. Ppl die younger nowadays maybe at age 70...So if I retired early at age 43+, I got another 27 years time to change smtg.

And financial literacy cannot simply be taught by parents or anyone else either.

Some of it is in your genes, and others are in your education. In terms of genes, it doesn't mean everyone will look, think, feel and behave exactly like their parents. In terms of education, it can only go so far. Parents do provide a role model, yes - it helps the kids to have a useful role model. As long as it's not a bad model. But it doesn't mean they will do as you say, or think as you do.

In terms of personal finance and how people juggle between earning and spending, there is a vast range of different mindets out there, regardless of parents.

I'm aware of kids having to financially bail-out their parents. So what does that tell you? Such topics have been also posted in LYN as well.

So no, it's not a simple case of parents teaching kids and the world will be a happier place. It's a lot more complex than that.

Particularly if the parents haven't got a clue when it comes to financial management.

14k for car downpayment??

to little or too much?

Thanks,

I guess it "PB Family Care PA" under ING and Public Bank.

Info, http://www.pbebank.com/en/en_content/perso...nce/family.html

But, I'm taking this one. Found out this is not bad for Insurance PA, hospitality benefit up to 200 days with maximum $200 per days, double indemnity for accident up to maximum $300,000, disability payable maximum $400,000, medical reimbursement and etc. with payment as low $41.10 per months.

http://www.maybank2u.com.my/mbb_info/m2u/p...NS01-GetStarted


http://www.maybank2u.com.my/WebBank/eINS_PrivilegePA_bch.pdf


Just ignored those people, I found out some people will look down on me because I'm merely a salesman when I was young, when you attain success later life and get to the tops, they will not be able to "bang" neither question your ability any longer.

This post has been edited by adolph: Jan 5 2013, 10:36 AM

yup..

for short term also, better to put in ASB is it?

Focus in settling the loan first...Your brother loan is RM4500 per month need to pay installment is a lot..Usually hse loan should only be 33%. He is paying more than 50% oledi..

Good times job can secure RM7K...what if lay off? RM4500 - RM 1800 (from property rental) = RM2700 ( every month still need to pay RM2700) . He got prepare 6 months cash liquidity to survive?

Huge gambling... coz your brother entertainment also RM1K, his life stlye clubbing a lot? drink a lot or smoke a lot?

The more you earn, the more loan you get liabilities 

Usually ppl jump aeroplane go US or Japan become dishwasher or cleaner at oversea, they try to save as much money as possible, come back can buy hse, car and shop and start a small business..

but your brother look like wanna settle oversea already..Thus u cannot convert to RM. How much he earn there is how much he spend..his spending above is around the RM7k already...

If ask him to invest some more is like putting deeper into the hole can go brankrupt if cannot pay back..Loose everything...Do not be greedy..

[/quote]

Forget to add, since all his loans are flexi, so he does his saving by paying more into the loan. Can be withdrawn money is about 150k . Should he keeps invest in property or fund or unit trust. Please advices.

This post has been edited by Without: Jan 5 2013, 03:00 PM

FD - 3%
ASB - 7%
Your call

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Added on January 5, 2013, 9:29 pmDepends. Myvi or civic?

This post has been edited by am33r: Jan 5 2013, 09:29 PM

Sir, u r great!!!!!

i guys.

What is the best way to "grow" money in a short term? What i meant is, where to "park" my monthly salary for a while, before i use it for anything else?

example:

my salary is 2k after deducting epf/socso. my total expanses for a month is 1.3k (car, food, loan & etc). i invest 200 in UT public mutual (this is for long term). So, i have balance around 500 per month. Should i go for FD, ASB or just keep (saving acc) the money at bank? i might need to use the money, so i'm scared to invest more in UT (SC is high and is for long term). Is there anything else that can generate more money rather than keeping it in the saving account? is there such thing as easy to liquidate investment for short term?

invest RM200-300 start selling nasi lemak business in the morning...Your return will be the highest...

or invest in camera become wedding photographer..

or try luck at BSN SSP no effort needed..

Win attractive prizes when you save with Sijil Simpanan Premium (SSP)! BSN is offering more than 3,000 prizes a month to SSP Certificate Holders through the Monthly Premium SSP Draw. You also stand a chance to win special prizes with our 2 extra draws which are SSP Ekstra Draws and SSP High Savers Draw!

http://www.mybsn.com.my/content.xhtml?contentId=181

TQ for ur suggestion bro. but i dont think i cant start the nasi lemak business (dont know how to make nasi lemak) or be a part time photographer (oredi tried, but no talent and desire to do it)

Currently considering FD or just keep the money in saving acc (which i think is a waste). hmmm

Conventional financial planning will advise you to save between 3 - 6 months of monthly expenses as your emergency fund before doing any investment.

Once you have completed doing so, you may explore various ways to grow your money. In the meantime, keep your money in PNB unit trust ( ASB, AS1M, ASW2020 etc.) to beat inflation.

Quick answer:
ASB gives you 7.75% per annum. While, FD return is 3.00% per annum.
Which one do you think is better?

Better answer:
Is 14k all you have? Have you set aside 3-6 months of monthly expenses as your emergency fund?
If yes, then proceed to buy the car, otherwise don't. You are not prepared for the unexpected.
(But I would be wrong if you have rich parents).