FUNDING Needs To Reach RM 100,000..

Invest Horizon	Investment Return			Financial Goal
	2.50%		8%
5 years	88,835		68,058	$100,000
10 years	78,120		46,320	$100,000
20 years	61,027		21,455	$100,000

From table above, we can clearly seen the funding needs to reach $ 100,000. Let's say if you are putting the money in Fixed Deposit for only 2.5% yearly interest income compare with an investment tools for instance Unit Trust - Managed Fund for average yearly return 8%. For the 3 different investment horizon, the effort put in a high investment return is rather small compare with low yearly return investment tools. So, be a Smart" Investors" and choose the realistic investment tools for your investment portfolio, so that you are able to reach your financial goal more faster.

Another important point is- you need to begin investing early and effectively, the power of compound effect enable you to accumulate your wealth , let the money work hard for you ! Happy Investing !

How Do The Rich Escape from Rat Race ?

Accordingly to Wikipedia, rat race is a term used for an endless, self-defeating or pointless pursuit. It is just like a rat trying to escape whilst running around a maze or in a wheel.


The increased image of work as a "rat race" in modern world has led many to question their own attitudes towards work and seek a more harmonious Work-life balance. Many believe that long work hours, unpaid overtime, stressful jobs, time spent commuting, less time for traditional family life, has led to a generally unhappier workforce to enjoy the benefits of increased economic prosperity and a higher standard of living.


So, if you work minimum 8 hours a day and trade your time for paycheck in order to pay bills, there is a high possibility that you are caught in rat race.



The rich who is financially successful do not trade their time for money. Conversely, the rich leverage on other people money and time to make money.
Instead of working hard for money, the rich ensure money working hard for them through investment.

Property investors leverage on other people money by borrowing from banks to purchase properties or assets. They rent out the properties and have the tenants pay off the loans. Other than getting the tenants to pay off their assets, the property investors make even more money when their assets appreciate in value. Property investors leverage on other people money to make money.

Business owners like Bill Gates leverage on other people time by hiring employees to work for them. Investors, who invest in stock market, leverage on business owners and employees time to make money for them through capital gain from stocks.




Can An Average Ordinary Person ESCAPE From Rat Race?

Absolutely Yes!

No doubt it is difficult to leave our comfort zone and risking the secure regular paychecks to pay off our bills. We need to take the first step and action to start somewhere. We need to change our mentality and reprogram our minds to mirror the millionaire minds.

At the same time, we have to start financial planning and saving to accumulate capital. Acquire the skills to generate passive income. Learn how to invest in assets like properties, stock market or own and run businesses.

As our assets growing which in return generating more money, more money will increase our capability to increase the number or size of assets. The same “money working hard” cycle repeats by itself until such time that we no longer need to trade our time for money where we can live, work, play and give freely.

Congratulations! That’s the time that we are out of rat race and achieve financial freedom!

Reduce Maximum Loan-To-value Ratio to 70% for Residential Property

Breaking news for property financing in 2010 had been announced. Bank Negara quote “ with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower.”


According to Bank Negara statistics, outstanding loans growth for the banking sector grew 11.9% to RM841.74bil in July year-on-year. Mortgages make up the largest portion with some 26.8% of the total loans outstanding as at end July.


The move is aimed at curbing speculative property transactions in a bid to contain escalating property prices. 

For those who buying the 1st and 2nd property still valid for 90% loan financing, 70% loan financing effect for 3rd property home buyers. However, for property investors, may think twice about investing in properties if they have to cough up more money.

Financial Freedom Mastery Workshop-Yap Ming Hui

It is a great and learnt a fruitful knowledge on money management skill from the workshop dated 16th Oct - 17th Oct 2010, now I would be able to differentiate Money Making versus Money Management and the 4 Quadrant of Money Management. Now I really realized how important on money management where by most of the people usually ignore in their life.

Money Management Strategies including:-
1) Income,Expenses and Debt Planning
2) Insurance Planning
3) Tax Planning
4) Investment Planning
5) Home Purchased & Property Investment Planning
6) Estate Planning
7) Children Tertiary Education Planning
8) Retirement Planning

You may go to Yap Ming Hui website for further details and updated events and I would encourage you to attend his seminar or workshop for self up-grading in financial knowledge and importantly know how to manage our money and let the Money Work For Us instead of You Work For Money!

www.yapminghui.com

Budget 2011 Highlights – New Proposals Related to Property Industry in Malaysia

Finally, our Prime Minister Datuk Seri Najib Abdul Razak tabled the latest Budget 2011 in Parliament on 15 October 2010. Here are some of the proposals related to the property industry: -

My First Home Scheme – 100% housing loan will be allocated for those with household income lesser than RM3,000 per month via Cagamas Berhad. Down payment of 10% is guaranteed by government for houses costing below RM220,000.

Instruments of Transfer Stamp Duty Exemption – 50% discount for residential property below RM350,000. It is applicable to first residential property and can be claimed once only.

Loan Agreement Stamp Duty Exemption – 50% discount for residential property below RM350,000. It is applicable to first residential property and can be claimed once only.

Low Cost Housing Financing Scheme – Allocation of RM50 million for all permanent Malaysian estate workers to obtain housing loan up to maximum of RM60,000 for buying low cost houses at 4% interest rateand loan tenure up to 40 years.

Affordable Homes For Poor and Low Income Group – Allocation of RM568 million to build thousand of affordable homes under these projects: –
Urban Housing Aid Project – 300 units
Public Housing Programme – 79,000 units
Projek Bantuan Rumah Sewa – 8,000 units

Malaysian Rubber Board Land in Sungai Buloh – Allocation of RM10 billion to develop the 2,680 acres mix development and target to be completed by 2025.

100 Storey Tower – It will be the tallest building in Malaysia at a new landmark named as “Warisan Merdeka” developed by Petronas. It’s a RM5 billion integrated mega project and target to be completed by 2020.

New Highways – Guthrie-Damansara Expressway, Damansara-Petaling Jaya Highway, Ampang-Cheras-Pandan Elevated Highway, Sungai Dua-Juru Highway, Pantai Barat-Banting-Taiping Highway, Paroi-Senawang-KLIA Highway.

I am the Lucky Star ! Yes ! !

Freedom Mastery Workshop 16 & 17 October!

FREE SEAT for a Single Mother to the Financial Freedom Mastery Workshop 16 & 17 October! Date Release : 13 Oct 2010 FREE SEAT : CALLING ALL SINGLE MOTHERS OUT THERE- We are giving away ONE FREE SEAT for a single mother to attend the 2-day Financial Freedom Mastery Workshop (worth RM 1,298) by Mr Yap Ming Hui on 16-17 October 2010. If you would like to be eligible to win a FREE SEAT

RENTS AS BUSINESS INCOME: BENEFITS & SNAGS | Malaysia property news and resources

RENTS AS BUSINESS INCOME: BENEFITS & SNAGS | Malaysia property news and resources