same analogy.....
why need the 18sqft? when one can just have this done?

just that, different people have different wants, needs and expectations......


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on the other side, more rich people are getting richer as time goes by

interesting perception...
Ramjade are the ASX FP funds Halal? or know of any syariah compliance UT funds that can make > bank's interest?

Why tag you? Bcos you know alot abt ASX Than many people n most importantly you are in lyn most of the time. Is syariah uts funds halal? They got tis gambling element as posted earler? And do they hv better returns than bank"s interest?

googled and found this...which implies.....
What is 'Personal Finance'
Personal finance defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning.
Among the most important aspects of personal finance are:
Assessing your current financial position - looking at expected cash flow, current savings, etc.
Buying insurance to protect yourself from risk and making sure your material standing is secure
Calculating and filing taxes
Savings and investment
Retirement planning
http://www.investopedia.com/terms/p/person...p#ixzz4CRm8G6Db

Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.[1] When planning personal finances, the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans) or investment private equity, (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of individual- or employer-sponsored retirement plans, social security benefits, and income tax management.
https://en.wikipedia.org/wiki/Personal_finance

......Use of the principles and techniques of corporate finance in an individual's money affairs, especially the methods of allocation of financial resources. Its objective is financial security and independence so that an individual or a family can meet expected expenses and withstand monetary emergencies. It involves making prudent financial decisions, budgeting, saving, investing, insurance, tax planning, retirement planning, and estate planning.

http://www.businessdictionary.com/definiti...l#ixzz4CRnI7iSw

never mentioned "passive income" stuffs like that....

This post has been edited by T231H: Jun 24 2016, 07:17 AM

i will try to breakdown your question....
1) if an account is opened in singapore , let's say under CIMB or OCBC in Singapore, are there ways for our money to work harder there?
2) What are the benefits of having accounts (be it premier or other accounts) as what many well wealth planned people do?

no idea about (2)...
as for (1) to have your money work harder...you may try to learn about it in here.....(while you wait for more value added responses)

http://www.moneysense.gov.sg/
Understanding Saving and Investing
http://www.moneysense.gov.sg/Understanding...-Investing.aspx
Things to Watch Out for
http://www.moneysense.gov.sg/Understanding...ch-Out-for.aspx
https://secure.fundsupermart.com/main/school/school.svdo

while waiting for responses, you may try read this...
Retirement Planning: Calculate How Much You Need in 5 Simple Steps
https://www.imoney.my/articles/retirement-planning

or more in google
https://www.google.com/?gws_rd=ssl#q=how+mu...ire+in+malaysia

unknown to what loan....
I googled and found this...hope can it helps...
https://www.google.com/?gws_rd=ssl#q=loan+c...aysia&*&spf=729

read before....they said housing loan is the "cheapest" loan....
they advises use the available money to try to generate higher ROI than the housing loan rate.

from this statement...
"ASB loans are basic term loans, and interest charged on (ASB loans is calculated using the reducing balance method similar to those used by Housing Loans and Fixed Deposits)"
https://loanstreet.com.my/learning-centre/a...loans-explained

thus if the type of loan is that same.....thus the maths is clear?

too bad, his blog is not accessible from FSM SG since 2~3 yrs ago.
he was the TOP mgmt of FSM SG then,....now retired already