Personal financial management becomes Personal financial income report

Robert teaches you don't go work. 

Based on the last calculation I've done with my friend, you need to sell before 3rd year if the price is good enough aka 100% appreciate. Don't care about the penalty and tax. Other than that, you are actually contributing back to your own capital. Anyway, if you are heavily leveraged until no cashflow, it is really bad. To me, I will prefer earn less from the sales of the property rather than suffering over the next few decades.

Sure boh 

The taxes kinda not high, any links to support

^^ this above is very true.
everybody(most) wanna be juz like this, but if u r juz a salarymen, how r u gonna be like that? ur juz gonna be in debt. unless "if" ur wages are high,very high..that only means ur highly position in the company and an asset which is why the company only will pay u tat much. but obviously tat applies if u have a very good qualification in terms of ur studies and experience. how old will u be by then? can still enjoy like the above mention?

i'm currently reading a book by Donald Trump n Robert Kiyosaki and its called "Why we want you to be rich" and what its stated in there is that, we lack of financial education. nobody ever taught us that during the school days..some even in uni/college. what they taught us in school days are general education and in uni/college,they taught us what WE wanna learn about.

im juz curious guys. u know during our studying years, why isit tat teachers/lecturers always ask us this, "what do u wanna be when u grow up?" or "what is ur ambition?". then they'll give examples like doctor, dentist, lawyer, engineer, pilot, police and the list goes on and on. how come nobody mentioned the word "entrepreneur"?

p/s: some of you out there might have received financial education when young, i can say ur lucky n blessed. what i wrote above is what i've been through and seen through out my life. no offense here guys.   

If you are selling your property for the first time I think you can apply for a waiver. This applies only for first time sale. Go and speak to a conveyancing lawyer for more information. Insist on speaking a lawyer directly. Most of the times you won't even get the chance to meet the lawyer, only the clerks. This usually happens in big law firms, not sure about those law firms in shoplots! 

I think u are right.

I think some students here  may study the wrong things for their exams.

Anyway, good luck to them, no harm to learn more.

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Added on October 25, 2011, 6:13 pm

Not necessary has to declare as " first resident"  when you lose money on THAT  property ( no tax on loss ) , or the tax is quite small esp on cheap house. Tax Planning 

May save the bullet for future use when u buy a much more expensive house ( if the law still applies ) . I mean Do not have to declare as your"  first residence"  even though  that is really the first house you buy.

Practically not many can straight  away buy expensive houses just  after schooling.

( ACCA ) Plse correct me if I am wrong,

I think u are right.

I think some students here  may study the wrong things for their exams.

Anyway, good luck to them, no harm to learn more.

---

Added on October 25, 2011, 6:13 pm

Not necessary has to declare as " first resident"  when you lose money on THAT  property ( no tax on loss ) , or the tax is quite small esp on cheap house. Tax Planning 

May save the bullet for future use when u buy a much more expensive house ( if the law still applies ) . I mean Do not have to declare as your"  first residence"  even though  that is really the first house you buy.

Practically not many can straight  away buy expensive houses just  after schooling.

( ACCA ) Plse correct me if I am wrong,

@ Bursalchemy,

It is ok , we learn from one another.

Actually, Tax Planning is the more rewarding part of the tax works, and get very well paid if one specializes in this area.

Another thing is the exemption given for the First Residence let say to a single person, would  be restricted to one married couple as well ?

Theoretically they  were two single persons before the marriage and entitling for 2 units of " First Residence" . After marriage , would they entitle for just only one.

What about joint names since many are using joint names to apply for a housing loan ?

Mind to share more in this area ?

Regards

Can anybody help me on what to do with my money? I mean.. how to grow it?

My monthly expenses:

Fixed:
Car Loan: RM690 (10 yrs)
House Rent: RM200
Phone Bill: RM50
Mom : 300
Tabung Haji : 100
Zakat : 100
Takaful : 25
EPF : 440
PCB = average 80
Total = 1985
Variable:
Petrol car: RM200
Food and everyday's expenses: RM500
Total = 700

Total Expenses = 2685

My monthly Income = 4000

Income - Expenses = 1315
I am a female, 24 yrs old and earning RM4000 a month. It has been 7 months that I've been working but I still don't have an investment plan.. all my money just come and go as I please. I've got a credit card, but I only use it for hotel booking because I travel seldomly (about once or twice in 3 months). I pay most things in cash..

Anybody can give me a beginner guide on what to invest in? How much amount should i budget for investment monthly? I've got RM1000 in hand as initial investment.. and I prefer to invest in Islamic investments. I want to save the money i have now before i use it for my shopping habit... Pls help!!

Sorry, typing error!!!! Is 2.5 k..

Smarter people do NOT accuse specifically until evidence is in hand.
Not-too-smart people on the other hand... in future, please choose which U wish to be.

In the real world (no hiding behind stupid nicks/handles), U'd be hauled up to defend your accusation by your accuser and if you've no proper evidence, there will be a price to be paid.

which bank offer the best FD?