每个父母都希望自己的孩子努力读书，考进大学，然后进入社会找份好工作。
这种想法无可厚非，但是，如果换一个角度来看，这就等于说，每个父母都希望自己的孩子将来帮人家打工，安分的做个上班族。说的更清楚一点，那就等于说，每个父母都希望自己的孩子将来是员工，不是老板。员工和老板有什么分别？分别可大了，最大的分别是，员工是“人赚钱”，老板是“钱赚钱”。员工要朝九晚五的去上班，靠人力赚钱，这就是所谓的“人赚钱”。
而老板付出金钱，请员工帮他赚钱，这就是所谓的“钱赚钱”。
员工的“人赚钱”是有限的，因为他只有两只手，能做的就这么多，而且手停口就停，要永远的做下去，一直到退休的年龄。终其一生，员工的时间是被老板支配，无奈，这就是
“人赚钱”应该付出的代价。
而老板的“钱赚钱”是无限的，十个员工不够用，还可以继续的聘请，要上百，上千都可以。生意越做越大，员工越请越多，老板赚点钱就越多，最重要的是，老板的时间是掌握在自己的
手上，只要可以找到好的员工帮他料理生意，他要去云游四海都可以。
显而易见，做老板是比做员工好很多，但是，很少有父母会勉励自己的孩子，努力的读书，将来好做个老板。是不是很奇怪？天下的父母都是一样的，他们只希望自己的孩子将来是做员工，
不是做老板。
为什么会这样？那是因为多数的父母都只懂得“人赚钱”，所以孩子们也跳不出这框框。父母从小就灌输孩子将来要做个好员工，这种思维根深蒂固，对孩子的影响肯定很大，怪不得这世上，
穷人永远比富人多，因为员工的人数肯定是比老板多。
Wednesday, March 17, 2010
Do I Need Personal Financial Planning?
“Planning for a secure financial future is not easy”
- Maybe you're saving to buy your first home.
- Perhaps starting your own business is a dream.
- The costs of a college education have spiraled and you may wonder how you will pay for your child's education.
- You will probably live longer. Additional years after retirement can cost more than originally planned.
- Your EPF may not be enough to maintain your standard of living after retirement.
- Complex financial marketplace and changing tax laws make it difficult to understand your financial picture.
Everyone needs to plan for tomorrow. At every income level, there are steps you can take to make more efficient use of your assets and to ensure a secure financial future. It helps to develop well-defined goals and to map out appropriate strategies to turn your dreams into reality. The answer can be personal financial planning.
What is personal financial planning?
Personal financial planning is a process, not a product. It is an organized, well-planned system of developing strategies for using your financial resources to achieve both short- and long-term goals. You may think of the process as helping you to answer three straightforward questions:
- Where am I?
- Where do I want to go?
- How do I get there?
- When should I start planning?
It is important to start planning for the future as soon as you can. Time passes quickly - it is never too soon to start planning for tomorrow.
Who should prepare my personal financial plan?
A well-qualified financial planner should work with you to prepare your plan. A financial planner combines the objectivity and trust long associated with the financial planning profession and the financial savvy developed through years of experience and expertise in personal financial planning.
What should it include?
A comprehensive financial plan - one that addresses your entire financial picture - should include a review of your net worth, goals and objectives, property and other assets, liabilities, cash flow, investments, retirement planning, estate planning, tax planning and insurance needs, as well as a plan for implementing your goals.
I don't have a lot of money. Do I need a full-scale financial plan?
You may not. You can seek out different levels of financial planning advice, from counseling on a particular issue to comprehensive planning. Speak to the financial planners you are considering and discuss with them your budget. You should be able to find one who meets your needs.
What role does goal-setting play in financial planning?
It is important to list both short- and long-term financial goals on paper. You can then rank the importance of the goals. If you are saving toward something tangible, instead of just saving, it may be easier. These goals could include: available cash for emergencies, education for children, care for family members, retirement, a nest egg to permit a career change, acquiring or selling a business, estate planning, financial independence or personal objectives such as a special vacation or second home.
How do I know how much I am worth?
One of the first things that you should do in reviewing your financial situation is to determine your net worth. Many people are surprised to find out how much they are really worth.
First, estimate the value of your assets. If you have owned your home for a number of years you may be sitting on a nice nest egg. Several different real estate appraisals will help you determine its worth. Organize bank and brokerage statements and record their value. Don't forget assets in EPF. List your liabilities such as mortgage, car loans or credit card debt. Subtract your liabilities from your assets and you will have a good estimate of net worth. How can I plan for tomorrow when I can barely pay for today?
Create a budget. Determine what you actually spend each month. It is easy to keep track of large expenses such as mortgage andcar payments. The variable items such as food, clothing and entertainment are often what get away from us.
How much should I be saving?
It is hard to apply a rule of thumb toward savings, because it varies with age and income level. Ten percent is a good start. If that amount is too high for you, don't let that deter you. You can start by putting a little money aside each month and slowly increasing it.
How does insurance fit in to the process?
Evaluating your insurance needs is part of personal financial planning. The insurance industry has changed a great deal over the past few years and there is a wide array of new products. Some of them may be better options than your current coverage. Your financial planner can work with your insurance agent to see if you have adequate coverage.
What type of advice can I expect from a Financial Planner?
You can expect objective financial advice that is tailored to meet your financial goals and objectives, as well as the level of risk with which you are comfortable. Depending on your unique situation and goals, your financial planner may confer with your attorney, stockbroker, insurance agent and other investment advisors to achieve the best plan for you.
After a plan is developed, what happens next?
The best plan is useless unless it is put into action. A financial planner can advise you how to implement the plan and can put you in touch with other financial experts as needed.
How often should I update the plan?
It is good to review the plan when there is a significant life event such as marriage, birth, death or divorce. Any change in financial position should be evaluated as well. Many people have an annual update that reviews how the plan is being implemented. The review also considers changing goals and circumstances.
How to Plan for Your Child Education Fund
Children and their education are extremely high priorities for many families. Many are aware that it can cost a fortune to support their children especially for higher education. The cost of higher education has increased dramatically in the recent years. This can result in a tremendous financial drain for a family with college age children.
How Much is Needed?
Generally, the following costs will be needed - tuition fees, books & supplies, travel costs of child including costs of travel of parents & family, and accommodation & food.
The cost of tertiary education can knock a sizable hole in your savings! See below chart:
| Year | | | US | |
| 2000 | RM50,000 | RM194,000 | RM271,000 | RM306,000 |
| 2004 | RM73,700 | RM285,000 | RM398,000 | RM451,000 |
| 2009 | RM108,200 | RM419,000 | RM584,000 | RM662,000 |
| 2014 | RM159,000 | RM615,000 | RM858,310 | RM973,000 |
Living expenses, books, travel costs
If the child is sent overseas, it depends on where. The costs of living expenses, books and travelling also vary significantly.
For popular destinations like UK Australia Australia even though the preference is to study in UK
8 Things To Know When Investing In Unit Trust
1. Evaluate the unit trust you are investing
2. Understand your risk profile
3. Track record of the fund manager
4. Look at the cost of operating a unit trust fund
5. How much are you paying the fund managers?
6. Read widely by reading reports on investments news
7. Make sure you read the prospectus
8. Continue to review the fund manager performance by reading reports
2. Understand your risk profile
3. Track record of the fund manager
4. Look at the cost of operating a unit trust fund
5. How much are you paying the fund managers?
6. Read widely by reading reports on investments news
7. Make sure you read the prospectus
8. Continue to review the fund manager performance by reading reports
Monday, March 15, 2010
Tax Exempted for Unit Trust Earning
The taxation of unit trusts is governed by Section 61 of the Income Tax Act, 1967 (“the Act”). The income of unit trusts is assessed and charged to tax separately from the income of the unitholders. The income of a unit trust may consist of dividends, interest or profit and gain from sale of investments and returns on bonds.
Gains on disposal of investments by the unit trust will not be subject to income tax. The only exception is
where the investments represent real properties or shares in real property companies and the gains on disposal of
such investments will be subject to real property gains tax (“RPGT”) at rates ranging from 5 percent to 30
percent depending on the period of ownership. Due to the Malaysian Government’s efforts to promote unit trusts, most of the income received by unit trusts will be exempt from income tax.
Gains on disposal of investments by the unit trust will not be subject to income tax. The only exception is
where the investments represent real properties or shares in real property companies and the gains on disposal of
such investments will be subject to real property gains tax (“RPGT”) at rates ranging from 5 percent to 30
percent depending on the period of ownership. Due to the Malaysian Government’s efforts to promote unit trusts, most of the income received by unit trusts will be exempt from income tax.
Pelaburan Unit Amanah
"Strategi Berkesan Bagi Memaksimumkan Keuntungan Pelaburan Unit Trust Samada Melalui KWSP @ Tunai. Khusus Untuk Kakitangan Awam & Swasta!"
"Peluang Menjana PENDAPATAN, Ramai Yang Mahu Tetapi Tidak Tahu.."
What’s Unit Trust?
Unit Trusts are a form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of securities or other assets.
A professional fund manager then invests the pooled funds in a portfolio which may include the asset classes listed below:
• Cash
• Bonds & Deposits
• Shares
• Properties
• Commodities
Benefit of Invest in Unit Trust
Affordability
Unit trusts are very affordable. Investors can start with an investment amount as low as RM100.
Diversification
Rather than concentrating an investment portfolio of one or two investments or shares, a portfolio of market securities can be held. The wider the spread of investments, the less volatile (i.e. variable) the investment returns will be. In simple terms, investment into unit trusts means diversification of risk: "not putting all your eggs in one basket."
Liquidity
Most investors prefer their investment to be liquid. That is, they can easily buy and sell without difficulties. Unit trusts provide this benefit, easily bought and sold. An excellent return that cannot be "cashed-in" (i.e. sold) does not necessarily mean a good investment as poor liquidity constitutes an additional risk factor for the investor.
Professional Fund Management
The people entrusted to manage unit trusts are approved professionals. Their training and background ensures that decision making is structured and according to sound investment principles. In the process, unit trust funds enjoy the depth of knowledge and experience that fund manager can bring. In the long term, it is this expertise that should generate above average investment returns for unit trust investors.
Investment Exposure
For the individual investor, it is sometimes difficult to gain exposure to a particular asset class. For instance, if an investor with RM5,000 wants to gain exposure to the Malaysian property market, global equity markets and the Malaysian bond market, it would be impossible to simultaneously hold a direct investment portfolio in all of these markets. With unit trust investments, it is possible to spread your money around to all of these asset classes at the same time, so that the investor can gain the investment exposure he requires.
Wholesale Investment Costs & Access to Other Asset Classes
When making direct investments in the Bursa malaysia, the investor faces costs and charges that are much higher. With unit trust the economics of the transaction are more favorable i.e. the fees and charges/brokerage etc. per investment ringgit are likely to be less. Because fund managers invest in larger amounts, they are able to get access to wholesale yields and products which are impossible for the individual investor to obtain. For instance, unlike unit trust funds, most individual investors cannot have direct access to the Malaysian Government Security market because, amongst other reasons, the amount of each transaction could run into millions of Ringgit.
Understanding Risks
Market Risk
Any purchase of securities will involve an element of risks, As unit trust funds principally invest in listed stocks they may be prone to changing market conditions as a result of global, regional or national economic conditions, governmental policies or political developments. Market uncertainties and fluctuations in the market caused by these uncertainties will affect the net asset value(NAV) of unit trusts which may fall or rise, thus causing the income generated by the fund to fluctuate.ing from funds with higher risk, higher returns to funds with lower risk, lower returns.
Liquidity Risk
The various securities that are purchased by a fund may encounter liquidity risk. Liquidity risk relates to the fund’s ability to quickly and easily trade at a reasonable price, in and out of positions. Should a fund comprise a security that has become temporarily or permanently illiquid or difficult to sell, the fund manager may need to sell the security at a discount to its fair value, which eventually affects the fund’s value.
Management Risk
Performance of the fund depends on the experience, expertise, knowledge and investment techniques of the fund manager. Poor management of a fund can cause considerable losses to the fund, which in turn may affect the capital invested.
Inflation Risk
Ideally the purpose of any investment is to secure returns that are greater that the inflation rate. While a fund will constantly seek to maximize returns and exceed inflation rate, it may occasionally experience losses, which result in returns that will not keep pace with inflation in the short run.
Interest Risk
Fixed income securities and bonds are particularly sensitive to movements in interest rates. When interest rates rise, the value of fixed income securities and bonds fall and vice versa, thus affecting the NAV of the fund. The general interest rate environment of the country may affect the value of the investment even if the fund(e.g Syariah Fund) does not invest in interest bearing instruments.
"Peluang Menjana PENDAPATAN, Ramai Yang Mahu Tetapi Tidak Tahu.."
What’s Unit Trust?
Unit Trusts are a form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of securities or other assets.
A professional fund manager then invests the pooled funds in a portfolio which may include the asset classes listed below:
• Cash
• Bonds & Deposits
• Shares
• Properties
• Commodities
Benefit of Invest in Unit Trust
Affordability
Unit trusts are very affordable. Investors can start with an investment amount as low as RM100.
Diversification
Rather than concentrating an investment portfolio of one or two investments or shares, a portfolio of market securities can be held. The wider the spread of investments, the less volatile (i.e. variable) the investment returns will be. In simple terms, investment into unit trusts means diversification of risk: "not putting all your eggs in one basket."
Liquidity
Most investors prefer their investment to be liquid. That is, they can easily buy and sell without difficulties. Unit trusts provide this benefit, easily bought and sold. An excellent return that cannot be "cashed-in" (i.e. sold) does not necessarily mean a good investment as poor liquidity constitutes an additional risk factor for the investor.
Professional Fund Management
The people entrusted to manage unit trusts are approved professionals. Their training and background ensures that decision making is structured and according to sound investment principles. In the process, unit trust funds enjoy the depth of knowledge and experience that fund manager can bring. In the long term, it is this expertise that should generate above average investment returns for unit trust investors.
Investment Exposure
For the individual investor, it is sometimes difficult to gain exposure to a particular asset class. For instance, if an investor with RM5,000 wants to gain exposure to the Malaysian property market, global equity markets and the Malaysian bond market, it would be impossible to simultaneously hold a direct investment portfolio in all of these markets. With unit trust investments, it is possible to spread your money around to all of these asset classes at the same time, so that the investor can gain the investment exposure he requires.
Wholesale Investment Costs & Access to Other Asset Classes
When making direct investments in the Bursa malaysia, the investor faces costs and charges that are much higher. With unit trust the economics of the transaction are more favorable i.e. the fees and charges/brokerage etc. per investment ringgit are likely to be less. Because fund managers invest in larger amounts, they are able to get access to wholesale yields and products which are impossible for the individual investor to obtain. For instance, unlike unit trust funds, most individual investors cannot have direct access to the Malaysian Government Security market because, amongst other reasons, the amount of each transaction could run into millions of Ringgit.
Understanding Risks
Market Risk
Any purchase of securities will involve an element of risks, As unit trust funds principally invest in listed stocks they may be prone to changing market conditions as a result of global, regional or national economic conditions, governmental policies or political developments. Market uncertainties and fluctuations in the market caused by these uncertainties will affect the net asset value(NAV) of unit trusts which may fall or rise, thus causing the income generated by the fund to fluctuate.ing from funds with higher risk, higher returns to funds with lower risk, lower returns.
Liquidity Risk
The various securities that are purchased by a fund may encounter liquidity risk. Liquidity risk relates to the fund’s ability to quickly and easily trade at a reasonable price, in and out of positions. Should a fund comprise a security that has become temporarily or permanently illiquid or difficult to sell, the fund manager may need to sell the security at a discount to its fair value, which eventually affects the fund’s value.
Management Risk
Performance of the fund depends on the experience, expertise, knowledge and investment techniques of the fund manager. Poor management of a fund can cause considerable losses to the fund, which in turn may affect the capital invested.
Inflation Risk
Ideally the purpose of any investment is to secure returns that are greater that the inflation rate. While a fund will constantly seek to maximize returns and exceed inflation rate, it may occasionally experience losses, which result in returns that will not keep pace with inflation in the short run.
Interest Risk
Fixed income securities and bonds are particularly sensitive to movements in interest rates. When interest rates rise, the value of fixed income securities and bonds fall and vice versa, thus affecting the NAV of the fund. The general interest rate environment of the country may affect the value of the investment even if the fund(e.g Syariah Fund) does not invest in interest bearing instruments.
Wednesday, March 10, 2010
学习改变
有两个乡下的年轻人（甲与乙），一起挑水去诚里卖。一桶卖一元，一天可以挑二十桶。
有一天，甲：我们现在每天可以挑二十桶，但我们老了还有能力挑二十桶吗？ 我们为什么不挖一条水管到城里，这样以后就不需要这么累。
乙：可是如果我们花时间去挖水管，那么一天就赚不到二十元了。乙不同意甲的想法，所以就继续挑水，而甲则开始每天只挑十五桶，利用剩下时间去挖水管。
五年后，乙继续挑水，但只能挑十八桶二甲则通了水管，每天只要开水龙头就可以赚钱。
结论：我们一般人都像乙，每天把时间花在公司上班及加班，为的是赚眼前的那几十或几百元。为什么我们不能像甲那样，拿出一点时间投资在自己的未来。况且公司只能保障你现今生活而不是你未来的生活。自问为何我们要把时间交给别人，而不自己充实自己。如果我们把一些时间投资在学习上，我们可以学到另一种能力，另一种别人无法取代。也许短期里看不到效果，但学成之后就可以掌握自己的未来。那岂不是更好吗？最后，如果你不满意你现在的生活，那么从今开始就学习改变吧！
完。
有一天，甲：我们现在每天可以挑二十桶，但我们老了还有能力挑二十桶吗？ 我们为什么不挖一条水管到城里，这样以后就不需要这么累。
乙：可是如果我们花时间去挖水管，那么一天就赚不到二十元了。乙不同意甲的想法，所以就继续挑水，而甲则开始每天只挑十五桶，利用剩下时间去挖水管。
五年后，乙继续挑水，但只能挑十八桶二甲则通了水管，每天只要开水龙头就可以赚钱。
结论：我们一般人都像乙，每天把时间花在公司上班及加班，为的是赚眼前的那几十或几百元。为什么我们不能像甲那样，拿出一点时间投资在自己的未来。况且公司只能保障你现今生活而不是你未来的生活。自问为何我们要把时间交给别人，而不自己充实自己。如果我们把一些时间投资在学习上，我们可以学到另一种能力，另一种别人无法取代。也许短期里看不到效果，但学成之后就可以掌握自己的未来。那岂不是更好吗？最后，如果你不满意你现在的生活，那么从今开始就学习改变吧！
完。
Monday, March 8, 2010
Bad Habit
Do you have bad habit? My bad habit as below:-
LAZY
NOT BE PUNCTUAL
DELAY TO FINISH JOB
to be continue...
LAZY
NOT BE PUNCTUAL
DELAY TO FINISH JOB
to be continue...
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