Monday, December 31, 2007
So... what you have achieved so far in 2007? Have you got everything you want in 2007?? Make a resolution today and write down your plan today!!
You can achieve what you want if you focus all your efforts!!
Happy New Year 2008!!
Thursday, December 06, 2007
I recently attended a conference in KL Hilton. I was surprised that although we are performing about 50-60 kidney transplantation in Malaysia, even one Chinese hospital in Beijing is performing more than 1 hundred kidney transplantations a year.
Anyway, I hope I won’t talk much about medicine in this blog, there is another thing that surprised me most when I was in KL sentral, yes you are right, the development at KL sentral.
I still remember that when I was a medical student 10 years ago, if I am not wrong, there was only a small piece of land at the location where KL sentral stands tall now.
Certainly, a lot of investors are getting good return now if they have bought a unit of condominium many years ago. I was shock to find that a condominium at KL sentral is selling at RM700K. I am not sure about the launching price of that condominium about 10 years ago but I was told it was only RM200-300K.
Why KL sentral attracts so many buyers?? If there is a transport hub in Penang similar to that of KL sentral, do you think it is a good buy??
I heard that MRCB is going to build a similar transport hub in Butterworth, maybe we should get a small piece of cake if possible!!
Friday, November 23, 2007
Penang Cyber City
I always think that property investment is the best among all investment vehicles. OK, just found out a good project which will be launched in Penang Island.
If you look at the property price in Penang, nowaday, you can hardly find a landed property priced below RM500k. However, if you have money to invest, why don't you try to put your money in landed commercials rather than residential property.
Penang Cyber City is offering you to own a piece of commercial property below RM700k!!
Check out this project!!
Sunday, November 11, 2007
Google adsense pays most generously. So far, after trying so many PPC ( Pay Per Click) campaign, I still think Google adsense is the best. Although some publishers may think that PPC era is over, as a beginner, make full use of Google Adsense and you will receive your first cheque soon, trust me!!
In my previous post, I told you about how to write a blog. After applying a Google adsense account, you can then put your advertisement in your blog to start to earn your first US dollar. Anyway, try everything, some advertisement formats may attract more clicks than others, I think you should explore all possibilities.
Anyway, I think the most difficult part is how to attract visitors to view your blog?? There are a few FREE ways here,
1) Include your blog in major search engines
Go to Yahoo, Google or MSN and there is a section for you to suggest a new URL/site, click and include your blog URL. If you are writing a Mandarin blog, you may want to include it in Baidu.com.
2) Link exchange
There are thousands of sites proivides link exchange with other websites, you can try the following,
3) Write articles
Write as many articles as possible and put these articles in article directory but do not forget to put your blog URL at the end of your article.
4) Participate in forum
Try to participate in many forums as possible and give your opinions and include your site URL.
5) Give comments in other people blog
Include useful comments in other people blog and of course include your site URL as well.
6) Pay for traffic
This is a more advanced technique, you can use Google adwords but I think we should skip this and discuss it in future.
Make your site ranks high in search engines, this needs time ,energy and money. Anyway, I will talk about this in more depth in future.
8) Include Tell a friend script in your blog
If you look at the right column of this blog, you would see Tell a Friend script and this is for visitors to introduce this site to others ( viral marketting)
9) Use Classified advertisement
If you are in Malaysia, CARI.dom is a useful tool. However, you can find a lot of Free advertising sites in the net.
10) Advertise in local papers
Anyway, try this only after you get your first check!
Friday, November 09, 2007
After Bayswater Condominium, IJM recently launched another luxury condominium in Penang island- Platino Condominium. Most of the units were grabed within hours after the launch.
If you can remember, when Bayswater condominium was launched years ago, the price of a unit was around RM200-RM300k but I heard that Bayswater is selling at RM450k currently.
I still think that Platino condominium is overpriced, however, in property market, it is same as stock market, there are crazy sellers and there are crazy buyers! Anyway, based on current property market, I am confident that Platino Condominium price will appreciate in short term before it becomes static later.
For a working adult like you and me, I think RM700k certainly is out of reach. Anyway, if you are interested in the project, here are the details,
Land Area:3.48 acre
No. of Units:229 (Tower A - 117 units, Tower B - 112 units)
Built-up Area:1850sf (171.8 sq.m) - 2850sf (264.7 sq.m) - typical3850sf (357.6 sq.m) - 5300sf (492.3 sq.m) - duplex & penthouse (1 penthouse and 2 duplexes per Tower)
No. of Carpark:Penthouse/duplex (3)
Proposed Price:From RM550,000 to RM2,000,000
Swimming pool, wading pool, Jacuzzi, Sauna, Gym, Tennis court, Pavilion, Landscape garden, Water fall / water features, Security, Function room.
All units with minimum 2 carparks lots (basement carpark)
Wednesday, October 31, 2007
As compared to an over-heating Singapore property market,I would say that Malaysian property market is far lacking behind. If you would to compare the price of a condominium in Kuala Lumpur to a 3-room HDB flat in any part of Singapore, you will be shocked to find out even a 5-star condominium in KL city is cheaper!!
The property scene is Penang is even more pathetic. A lot of people believe that property price in Penang is escalating, however, if you want to rent out your apartment for a good price is almost impossible here.
Hopefully, Penang City Centre Project will change Penang faith in future. Still remember what is happening to condominiums around KLCC? I think the presence KLCC helps a lot to boost the property values around the Golden triangle area in Kuala Lumpur.
The RM18bil Penang City Centre (PCC) project by Abad Naluri sdn Bhd, an associate company of Equine Capital Bhd, will take 15 years to complete. Equine holds a 25% stake in Abad Naluri, which is developing PCC on the 260-acre site where the Penang Turf Club is presently located. The PCC is one of the projects highlighted in the Northern Corridor Economic Region (NCER) blueprint.
I also heard that apartments and condominiums around Penang Turf Club have appreciated tremendously for the past few months.
Hopefully, PCC will bring wind of change to this island property scene and we all in Penang will get good rental income from our apartments in 10 years time!
Tuesday, October 23, 2007
Recently found a website that offers lessons for beginers to learn about FOREX. You may want to have a look at this website and spend about RM100 to learn about FOREX.
As I told you before, there are many ways to get some side incomes. I am interested to learn everything and I have attended many seminars listening to people their secrets about making money.
FOREX is certainly a good way to make money but you have to know the way!
Sunday, October 14, 2007
A lot of people want to sell online to get some extra money. Although Amazon provides a good platform for you to get some money selling their products, you may want to find out this site- ZLIO!!
Yes, you can create your own online shop and I find that ZLIO provides rather easy way for you to add products to your own site.
Try it out today and visit my ZLIO SHOP!!
Thursday, October 11, 2007
I am seeing a lot of advertisements about option trading recently in local and Singapore Newspaper. Can option trading really help you to achieve your financial goal??
As I told you earlier, if you ask 10 people on the street about ‘ stock market’, 8 out of 10 will tell you, ‘ You are going to burn your money if you invest in stock market!!’ However, I think you must look at stock market in a different perspective. Warren Buffet makes his fortune through stock investment and he will tell you if you want to get rich, invest in stock but remember two rules,
Rule 1: Never lose your money in stock!!
Rule 2: Never forget rule 1!
If you ask me to swim across Johore strait to Singapore, I will tell you I will be 100% drown and it is crazy to do so!! Anyway, if you ask any national swimmer to do so, he will say ‘ It’s kacang!!’
So my advice to you, open your eyes and acquire new information and knowledge, you will be suprised how much your hidden potential!!
Monday, October 08, 2007
I bought 20k of MUIIND 1 year ago at the price of RM0.18 per share, noticed that the price has rocketed up to 0.55 today. This translates to a profit of more than 300%!!
Anyway, I have sold the shares 1 month agao when the price was RM0.34.
The problem that I am having in stock trading is " When is the best time to sell?" I think most of you are having the same problem!!
Recently I read a book about stock trading and I will share with you the tips soon!
Thursday, October 04, 2007
SETIA Walk, which is SP Setia Bhd's first showcase project to mark the company’s entry into the commercial retail sector, will transform Puchong through its revolutionary lifestyle experience and refreshing retail concept.
Positioned as a one-stop boutique lifestyle centre that appeals to the trend-conscious younger clientele, the integrated residential and commercial development comprises retail blocks, offices, an entertainment complex, service apartments and residential apartments.
Setia Walk may turn into another popular 'Bintang Walk' in future which might transform Puchong to another international city!
Friday, September 28, 2007
Saturday, September 22, 2007
Built Up:753 - 2,936 sq.ft.
Land Area:2.557 acres
Listing Price:RM525,000 - RM2,102,000
No Of Bed:1 - 4
No Of Bath:1 - 5
Completion Date:3rd Quarter 2008
If you read newspaper everyday either in Malaysia or Singapore, you will certainly come across advertisement that promises you huge return if you attend their 'preview' seminar. They are offering 'insiders' secret' about property investment, online bussiness, FOREX, stock..... etc.
I am certainly very interested to know more about this and actually I made my first step attending one of these previews two years ago.
People want to make more money and certainly most of us want to make fast, easy and huge bucks if possible. I always believe that if you are to continue to trade you time for money ( what I term as 'rat race'), you will never make your first million before your funeral! Therefore, I like to attend these seminars to learn how people make money in their lives. By the way, I only attend 'FREE' seminars, and I never attend and pay money for the 'real' courses.
I find out an interesting way how people are making money nowaday which is quite fashionable. I just want to introduce you this way and it is up to you to apply it,
OK, you have to follow these steps,
Find a few good friends and pool all you money, if possible 30-40K and these must be in cash.
If possible, get a banker or property agent in your group.
Locate a good property, either in auction or a new project, put your cash as deposit to purchase that property
Sell your property ASAP and mark up the price for at least 20%.
Get the profit and repeat all the previous steps.
Sounds easy, right?? I know people are making money this way because there is no Real Property Gain Tax (RPGT) in Malaysia currently. You only have to pay stamp duty and legal fee, therefore, find a lawyer in your group if you can!
Sunday, September 16, 2007
Thinking of starting a business? Applying a loan may be difficult if you do not have a well established bussiness with good and well maintained account.
Recently noticed this advertisement. If you are those between 18-40 years and from Malaysia, try to apply this loan because the interest rate is only 4% per year. I do not think you can find such a low interest rate else where in this world except Japan!!
" Kami bukan Along, Kami cuma nak tolong!" ( We are not loan shark, we just want to help!)
Check this out TODAY!!
Wednesday, September 12, 2007
I think everyone can feel the pressure of inflation nowaday. I do not quite believe what the Malaysian government's figure about inflation rate. It is always estimated about3-3.5%.
If you earn about RM4000-RM5000 a month and you have a lot of installments to make monthly, I think you bearly can survive with this salary.
I anticipate the inflation will be creeping up in coming months or even years to come due to higher global demands on commodities. I think this is mainly due to rapid growth of Chinese and Indian economies. The theory is simple, people in China and India are becoming more wealthy, they will buy more and they demand more. Due to inadequate supply, you will be seeing the inflation rate to be rocketing in these countries soon!
OK, for us in Malaysia and Singapore, you must make full use of every dollar you have, so how do we make our money become bigger and increase our purchasing power??
Rule 1 : Never buy using credits
Never buy your daily neccesities using credit card. Credit card is the monster of all evils. It will eat away your income. Imagine how much bank is making with 18% per annum in interest from your credit card.
Rule 2: Plan before you buy
Have a list before you go for shopping. You tend to buy more if you do not think before stepping into a shopping mall. Shopping malls have all kinds of ways to make you buy if you do not plan before you go!
Rule 3: Buy when there is discount
I once come across a shirt selling for only RM25 as compared to the usual price of RM75 when there is big sale. If you buy some brandy name like ' Adidas', ' Nike', ' U2' etc, no matter you buy it in January or a few months later ( although you think it may be out of fashion later), the most important thing is do not over spend and give your hard earned money to someone else!!
Your money belongs to you, you have to think twice before you spend it!!
Tuesday, September 11, 2007
No money to invest in any stock?? Salute to Bursa Malaysia for creating this interesting and challenging game. Check out this game before it starts on 1 October 2007.
It is a kind virtual stock trading game, you will win RM100,000 if you become the most profitable investor at the end of the game. To make this game more interesting, you can create a league with your freinds and combine your strategies to get the most return from your investment portfolios.
Join today, it is FREE and open for ALL!
Saturday, September 08, 2007
If you asked me this question 1 year ago, I would certainly ask you not to think about this because there are a lot of scams in the internet. You are likely to lose money rather than making any cents from online bussiness.
You may be wondering what is the fatest way to make your first dollar online. Actually, there are numerous ways to get your first US dollar online if you are serious about it.
1) Google adsense
I love Google adsense because Google pays you as what they promise. I have made about RM3600 ( US1000) so far after joining this program one year ago. If you want to learn about Google adsense, you can try to find out all about Google adsense here! However, be patient, you might not make any money for the first few months, but all your efforts will pay if you are persistent!!
Learn more about Google adsense and sign up here!
Actually, Amazon is a kind of very stingy company. They pay only about 5-7.5% for commissions for any sale you make through your site. I do not think you can make any handsome money from this unless you have a very popular site.
3) E bay??
Heard about people actually earns a living by selling in ebay. Anyway, I do not have any experince in ebay. I tried to sell my old clothes on ebay and there was not even a single bidder for the past one year.
I put even more questionmarks here. My friend told me that he made a few hundreds dollars so far in FOREX and if you read newspaper everyday, you most probably read about people making a few hundred percents profit in FOREX in one day. No comment from me here. I will try to learn trading FOREX soon and hopefully can give you all some inputs.
Unfortunately, you can't register an account for click bank if you are from Malaysia. But there are a few ways you can do this. Have you heard about Virtual Office? Apply one and use the address to apply one account in clickbank. I find that there are a few companies in Singapore provide this kind of service. Anyway, you have another headache after that, how to withdraw your money from Paypal ( Clickbank pays you via Paypal), I have US40 in Clickbank but I can't use the money and they are deducting US1 every month from my account since 4 months ago because they say that my account is not active enough!!
There are hundreds of other ways you can make money but for a beginner like you and me, I recommend you to give Google adsense a try! Good luck!
Monday, September 03, 2007
I started to try to sell some items in ebay recently but I can't sell anything in ebay after 2 weeks!! Anyone want to offer any opinions and experince about selling in ebay??
Heard about people make a living via ebay. Anyone can comment?
Saturday, September 01, 2007
Thursday, August 30, 2007
Recently I read about an interview with our opposition leader Mr Lim Kit Siang conducted by 'The Sun' about his view on Malaysia. He mentioned an important point about Malaysia, he said even after 50 years of independence, races in Malaysia are not becoming more Malaysian but rather more Chinese , more Malay and more Indian.
He also brought up an interesting fact, when we were free from British colonization in 1957, Malaysia was the second richest country in Asia after Japan. Look at what we have become today, not only we are far behind Japan, even Taiwan, Singapore, South Korea, Hong Kong have overtaken us.
In a normal economy scenario, I think workers should be paid according to their productivity, however, this is not the case in Malaysia. We are too dependent on cheap labour and we are no longer the country of choice for many civilized countries we used to be long ago due to this privilege.
We have to emphasize more on human capital development. More should be done to keep our country best brains to work for Malaysia and not our neighbour!
It is my hope that our leaders can look far ahead how to shape this country. Individual interest and favourism should be abandoned. Leaders come and go but this country remains forever, together we can build a great nation for our children!
' Happy Merdeka Day' - Take away your skin colour, your religion and your culture , we are Malaysians and we can stand tall in the World if we work together!
Friday, August 24, 2007
Having successfully completed and handed over Hartamas Regency 1 in April 2005, the developer is employing some of the winning ingredients of its maiden condo project in the Klang Valley at Hartamas Regency 2, along with other enhanced features.
Boasting a resort theme, Hartamas Regency 2 comprises 150 standard condo units and 60 duplexes. The standard units have built-ups ranging from 1,315 sq ft to 1,996 sq ft while the duplex units range from 2,300 sq ft to 3,300 sq ft. The units are pegged from RM 525,850.00 to RM1.5 Million while maintenance charges are RM 0.23 sen p.s.f. Construction on the 3.5 acres freehold project is well underway at an advance stage and completion is scheduled at end-2007.
RM2 Million were spent on a 3-tier security system, from the guardhouse to card access lobby and alarm in each unit that is linked directly to the guardhouse. The perimeter fencing will also be monitored via CCTV. Besides the security features, the development has smart home features, video intercom, smoke detector, high-speed Broadband Internet access and natural gas supply. As buyers become more discerning and their tastes being different from one another, we also decided to offer more choices when it comes to wall and floor finishes.
Public Mutual is going to launch a new fund soon. Check out this fund today!
Up to 60% of the fund’s net asset value (NAV) can be invested in selected regional markets which include Japan, South Korea, China, Taiwan, Hong Kong, Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets.
Equity exposure: Generally range from 40% to 60% of the fund’s NAV.
FREE takaful coverage. Terms and conditions apply.
Launched at NAV of RM0.25 per unit during offer period (21 August 2007 – 10 September 2007).
Tuesday, August 21, 2007
Saturday, August 18, 2007
How would you like to launch fresh new income-producing websites each and every month? And the best part is I'm going to do the groundwork for you. All you have to do is open your door and pick up a CD from Joel Comm.
I always think that the easiest way to make money online is using Google adsense. Try this out, you might be able to get your first dollar today! I made my first 100 dollars online via Google adsense!!
Friday, August 17, 2007
Crest Worldwide Resources Sdn Bhd expects to sell off its maiden mixed development project in Kuala Lumpur in three months as it is targeted primarily at investors as well as young executives working and living in the city.
Crest Jalan Sultan Ismail-has a very strategic location- behind Renaissance Hotel at the intersection of Jalan Ampang and Jalan Sultan Ismail.
I think it is a good investment due to its good location and prestigious address.
The RM420mil project comprises a 26-storey block of office suites, 44-storeys of serviced apartments and a six-storey podium for retail and car park. It is situated on 1.72 acres of leasehold land, which the company purchased for RM35mil in 2005.
The residential tower will house 278 units ranging from 616 to 7,593 sq ft. The apartments are priced between RM425,000 and RM5.9mil, averaging RM750 per sq ft.
The 75 office suites have built-up areas of 1,605 to 10,498 sq ft and the average selling price is RM600 per sq ft. Prices vary between RM540,000 and RM6.6mil.
Wednesday, August 15, 2007
If you want to compare who can think of ways of making more money- either Malaysian or Singaporean? I certainly will choose both. Why? This is because majority of us are living in a competative world. We are always scratching our heads to find more means to make more money.
OK, if you are a Singaporean blogger, you may want to check out this site to get some cash from blogging.
OK, OK, most people can not afford to buy property in Singapore because the property price in Singapore is soaring. You may be shocked that even a HDB flat in Singapore can fetch a value well above market value. A lot of Singaporeans are worried, simply because you may have to spend S400k-S500k to buy a good location 5-room flat now.
Anyway, I am not interested to talk about property bubble or economics today although a lot of people anticipate property market in Singapore will cool down in 1-2 years time.
This project interests me because it is being developed by Wing Tai, Singapore. Yes, Helios Residences-The Ultimate Urban Living Experience!!
Helios Residences, boast a one-of-its-kind luxurious living comprising 140 freehold apartments. Cradled amongst lush vines in the development, complimenting the greenery in the prime and established Cairnhill enclave, you’ll find a sanctuary of bliss relaxing in the very 1st and unique Tree Top Recreation Deck that soars 4 levels above ground, hosting a series of amenities in the Entertainment Wing, Wellness Wing, Family Wing and Children’s Wing. And more……, you may stroll down towards the Garden Wing to explore the undulating ground of activities that keep your guests and family sure footedly occupied. Such a brilliant extension to your spaces at home!!
Tuesday, August 14, 2007
Last nite, I received an email from one of the readers of this blog asking me whether a good education equals to a better future. I am rather suprised that he asked me this question simply because I think there are so many examples out there to show you that there are only three types of rich people in this planet- you either inherit your wealth ( which only contributes to about 10-15% of rich people in th world), you win it ( by lottery, jackpot or you win a rich spouse heart) or you make it!!
However, look around you, you may find that a lot of rich people out there are not well educated, I am not saying that education is not important. Education is merely a stepping stone for you to achieve success, however, whether you will end up as a rat in your never ending 'rat race' or jump out from this game greatly depends on your will and determination.
I must admit that a lot of my friends who are not medical specialists are actually better off than me even though I was once very proud of myself being the Member of the Royal College of Physicians , United Kingdom (MRCP).
I get pathetic pay in the hospital and a few of my friends are actually getting RM20-30k a month from their clinics and bussiness.
The bottom line is- it all depends on what you want in life? Job satisfaction? money? etc....... and I want to make my point clear, you must be educated but whether you will be successful in life later greatly depends on your personality and attitude!!
Monday, August 13, 2007
I am going to talk about SP Setia because of two reasons here, its housing project in Penang, Pearl Island and its share.
SP setia was voted as Asian best 200 companies under a billion in Forbes 2006 report. Although its share prices have hit historical high of more than RM9.00 recently and dropped to RM 7.35 later, I still think you should put an eye on this share if you are interested to buy some shares in property sector.
About its Pearl Island project in Penang. It's an innovative development concept comprises of 3-storey terrace houses displaying modern tropical facades surrounded by lush greenery and serene landscaping. Isle of Life showcases nature-inspired architecture with breathtaking lake view and facilities. The magnificent 5-Bedroom villas are built with charming and vibrant quality. The purchase price starts from RM 600,000. It comes with two master bedrooms which emphasizes 2-generations living to preserve family unity. The Isle of Aroma is a paradise for homes nestled among lovingly tended hibiscus garden, lily flowers and fragrant flowers. Our impressive creation of Show Village, namely Isle of Palm is an exclusive and splendid area for nature lovers. Lushful trees, shrubs of pines, spruces and firs decorate the surroundings of the idyllic homes.
Sunday, August 12, 2007
If you are having problems withdrawing money from your Paypal account, I suggest you to read this interesting article here by Hong Kiat. Anyway, I haven't tried this technique yet. I will try it soon. If anyone of you have another method of withdrawing money from your Paypal account in Malaysia, kindly share with us~
If you are an investor who likes to invest in property, you may notice that for the past few years, high-end residences in KLCC vicinity have appreciated tremendously. For example, prices for 'The Binjai' by KLCC Holdings has appreciated from the initial RM1000/psf to RM2000/ psf.
Due to 'Malaysia- My Second Home' programme and relaxation of the real property gain tax by the government, I foresee the property value in KLCC vicinity has good prospect for appreciation.
If you has the gut to buy a property in KL, this project may be an interest to you. Yes, 'The Meritz' by DNP Property.
The Meritz, located within the heart of Kuala Lumpur's Golden Triangle, is the ultimate urban residence created for those who appreciate the finer things in life. All of the 110 units within this 31-storey glass-encased tower offer a panoramic view of the city's enthralling skyline, which further enhances its spacious and chic feel.Situated next to the Putra LRT KLCC station with easy access to major expressways, this luxurious development makes travelling to all parts of the city easy. It is within 3-minute walking distance to Petronas Twin Tower and the Suria KLCC shopping centre. Bintang Walk and Royal Selangor Golf Club area are just a stone's throw away.
You may be interested to know that this project is co-developed by DNP property and WingTai, Singapore. And for your information, WingTai is a big name in Singapore property scene.
For those who can afford to buy half a million to 1 million suites, I think E&O Property in Penang " Suite at the waterside" is a good investment due to strategic location.
Built around the Waterside at Seri Tanjung Pinang, the one- and two-bedroom service apartments is located on a 4.8ha site and will feature a pleasure marina, waterfront promenade, retail marketplace and a five-storey lighthouse named “The Beacon”.
The developer is offering 160 units that front the sea and surrounding areas that emulates several of the world’s renowned waterfront destinations in Australia, the Mediterranean and the United States.
Anyway I can't afford to buy and I heard mainly the buyers are from Singapore and KL!
Saturday, August 04, 2007
I attended a medical meeting this weekend at Langkawi, Malaysia. I was impressed with the development at the jetty there + a few new interesting tourists’ spots such as Cable Car, Dataran Helang etc. I learned from the guide that the price of a piece of land at Langkawi has increased tremendously for the past few years due to the emergence of Langkawi as a popular place for tourists from various countires.
I still remember that when I was a medical student many years ago ( about 8 years ago), there were not so many tourists there and apartments and condominiums were cheap at that time, I really regret that I did not take any afford to buy any property then.
As a successful investor especially in property, you must have the quality to foresee future development, a lot of people out there like to be followers rather than pioneers. If you want to make a big profit in property, although financial planners always tell you that you have to find hot, hot and hot spots, I think this can be unpractical in some circumstances because properties at hot spots are so expensive and you have to wait for another economic downturn before you can afford to buy. However, if you have the quality to foresee future development, you may get some cheap properties that can turn to millions of dollars in assets in 5 to 10 years time!
Saturday, July 28, 2007
I told you before that business is one of the fastest way to make money if you are serious about it. However, there are various factors you must always consider before embarking on any business because you can lose money if you do not plan it properly.
Due to globalization, everything has become more competitive, I even think that in future , doctors can lose their job due to advancement of biotechnology and pharmacology. To start a new business, you must consider the following,
1) Uniqueness- is your business going to be unique and special. If you are following what other people are doing, abandon your business ideas because you are unlikely to be successful!
2) Can you make money from your business idea? This is always the hardest question to answer, but as a simple rule to remember, if you get back what you invest in 5 years, go all out because it is a feasible business plan.
3) Marketing strategy- do you have a market to support your business? If you think that the market is so small, is it possible for you to expend to other countries by using internet marketing?
4) Viability- can your business still survive without you? Try to set up a business that can run on its own even without you because you can sell it in future for profit!
5) Cash flow- do you have enough cash flow to sustain your business? Generally, you need at least 6 months to get a positive cash flow in your business. Do not start a business if you do not have enough money!!
I am planning a business and I hope to make some money from it. If you have any business idea, kindly post your comment here!
Wednesday, July 25, 2007
Yes, after not doing locum for the past 2 years, I did it again yesterday. Actually, I promised myself 2 years ago that I won’t trade my time again for money. I made a resolution 2 years ago that I will make some changes to my life but unfortunately I fail!!
I told you that you won’t get to any where if you continue the rat race to get money because there is no end to this journey. However, I had to do it again because I am facing the most difficult time in my life now, my wife has lost her job and I have become the sole bread winner of the family!
Actually, you may be surprised that you only get RM30-35 per hour doing locum in Malaysia. I earned RM70 yesterday after spending 2 hours in one of the clinic in Penang.
People like to do part time job to get extra income, I think it is the worst idea to get extra income sacrificing your time. I spent 1/3 of my time every day in the hospital, I come back home hoping to spend some family time with my baby and wife but I am worried too because you have to spend money wherever you go in Malaysia!! The standard of living in Malaysia is 'high' if compared to what you can get every month. Let’s look at how much a ' Harry Potter' book costs in Malaysia--------- RM69.90!! ( and you are lucky you can get this price because Tesco and Carrefour are offering this irresistible bargain, you may have to pay RM109.90 if you buy it in a normal book store!!), and look far south or east ( and west), Britons are getting this book with only 5 pounds!!
And look back in Malaysia how much a government doctor gets every month, RM3K+! Yes, three thousand Malaysian Ringgit or 500 pounds. If I work in UK, I will be happy to spend my 5 pounds to enjoy 'Harry Potter' which is only about 0.16% of my monthly salary ( if I am getting 3 thousand pounds) but in Malaysia, I have to spend 2.4% of my salary to get the special discount to enjoy ‘ Harry Potter’. Therefore, I always feel that Malaysians do not like to read not because they are not interested but simply because 'reading' is an expensive hobby in Malaysia!!
Monday, July 16, 2007
Yes, I am a father now. My wife delivered our first baby in March 2007. I am so excited to have our first baby like most of you. However, things become more complicated to have a baby in Malaysia. You may be wondering the reason behind this. OK, let me explain this to you,
1) Child Insurance
The next day after my wife delivered the baby, you know who was the first one to call me the next hour. You are WRONG............! Not my mother or my in-laws, te person is no other than my insurance agent, she got one thousand and hundred policies to introduce to me. She told me her policy is the best in town and you can't afford to bring up your baby without this.
Frankly speaking, I hate, hate and hate agent- no matter they are property, insurance or anything. Can you imagine you pay them your hard earned money and they get the FREE tour to some exotic places that you do not even have money to go!! The worst thing is the insurance company pay thousands of dollars to have their faces appear in newspaper and still can't pay us higher return at the end of the day.
I tell you, I hate insurance company, and certainly insurance agent. You already feel the pressure after your first baby but they even give you even more pressure by telling you that you are not going to become a good father if you do not buy their policy.
I hate them!!!!
2) Child Education
I may tink that I am speaking foreign language here, to get a good tertiary education in Malaysia is difficult. I was lucky to study medicine in local university 10 years ago but if you read the paper after STPM ( Pre-university public examination in Malaysia) results are out, you are shock to find that even you get straight As in all subjects, you can't get the course you want to study in local university.
Therefore, insurnace agent comes to your house and tell you that for the best in education, my baby has to go to Australia, Canada, UK, Singapore and Us in 20 years time. The problem is do you know how much the fees like in 20 years time?? RM500K to one million provided your child does not want to become a doctor!! If you are unlucky to have an ambitious child, you may to ' cough out' ( may be with your blood together!!) RM3-4 million!!
Imagine how much a humble goverment servant can get a month?? RM 3000- 4000 per month. If I save all my money every month, I can only save RM720K after 20 years ( without spending a cent!)
Therefore, Malaysian government and some Chinese leaders in Malaysia always want to know the reason behind low birth rate among Chinese in Malaysia, the reason is simple, can you afford to have the second baby if you ccontinue to have this kind of salary!!
3) Child Healthcare Insurance
Yes, you are right, insurance again. Everything is about insurance in Malaysia, if you want to be rich here in Malaysia, you can either join politics or insurance company!! Although healthcare is free in Malaysia, you have to prepare to wait and travel! I have a patient who needs to travel to KL to get some treatments done because the service is not provided in Penang, you know what is the main problem the patient is having which makes him hesistnat to go to KL? He does not have the money to buy a bus ticket to KL!! ( You only need RM 22-25 or about US7-8 to travel from Penang to KL)
I want to bring up two issues here, a lot of services are not available in major towns in Malaysia due to severe 'brain drain' of public hospitals. The second issue here is there are a lot of very, very poor people ( you can hardly imagine the number) in this country. No matter how smart the goverment is!! ( by building the tallest building in the world , the most advanced F1 circuit or the largest court in Asia, you won't solve the problem of proverty if there is presence of favourism and discrimination)
Good luck to you, Malaysia! I love this country and I always feel that YOUwill have a better tomorrow for us and my baby.
Saturday, June 09, 2007
Saturday, May 26, 2007
I am a faithful Malaysian doctor serving in the goverment hospital for the past 6 years. Here comes the time I have to decide, should I continue to serve the country or quit my job to find greener pastures outside the public sector.
When I started this blog one year ago, many readers of this blog emailed me asking whether I am a millionaire. I told them that I am still very far away as a millionaire. That's the reason I started this blog to share experince with my readers. I am always thinking " Can I move forward if I continue to do whatever I am doing now?"
My mum told me, since there will a "BIG" pay rise in the govenment sector, why should I leave?However, after reading today Star about retirement, I am anxious and worried! Do I have a future if I keep on getting the salary I am getting right now?
Maybe I should have opted for pension scheme when I joined the goverment! There are many decisions to make at this point my life. I passed my postgraduate examination 2 years ago (MRCP) but I am still waiting for my pay rise and subspecialist training, can I still survive with my RM3000+ salary when I even cannot afford to buy a house in Penang!!
" Why don't you go for locum?" that the answer my boss gave me when I uttered my frustration to her 1 month ago. I work hard everyday, why can't the goverment rewards what I deserve! That why maybe I should quit my job and start a bussiness soon?!!
Wednesday, May 16, 2007
Before we go to deep discussion about share market and stock ( since stock market is the hottest topic now almost everywhere in the World and even kids under 10 years old in China buy shares!!), I think it is important for us to learn some basic terminology in stock market!
Earnings per Share: The amount of profit to which each share is entitled.
Going Public: Slang for when a company is planning an IPO.
IPO: Short for Initial Public Offering. An IPO is when a company sells stock in itself for the first time.
Market Cap: The amount of money you would have to pay if you bought ever share of stock in a company. (To calculate market cap, multiply the number of shares by the price per share.) Short for Market Capitalization.
Share: A share represents an investor's ownership in a "share" of the profits, losses, and assets of a company. It is created when a business carves itself into pieces and sells them to investors in exchange for cash.
Ticker Symbol: A short group of letters that represents a particular stock (e.g., "Coca Cola" is referred to as "KO".)
Underwriter: The financial institution or investment bank that is doing all of the paperwork and orchestrating a company's IPO.
Saturday, April 07, 2007
I always ask myself what is the best investment in the World? Mutual fund, stock market, bussiness, property.....? I told you in my previous post that bussiness will give you the fastest return provided you don't bankrupt in the first 3 years! (Anyway, more than 90% of bussiness fail after only 1 year!)
There are a few good reasons why you should invest in property. However, there is always a risks that you may be trapped in what we call ' property bubble' that can burst anytime! You buy highly overestimated property and you work until your retirement age just to pay back your bank mortgage.
Therefore, always look for good bargain in property investment! You must always buy under market value property so that you can sell it later to get a handsome profit.
Property investment has a long-term proven record as a hedge against inflation. However, never expect that you an make profit of 20-30% after a year. Your property only will increase in value after 5-10 years. However, never hurry to sell your property because you still can get profit from renting out your property!
But the problem that most buyers have in common is " How to buy an under market value property?"I always told my friends that you can buy this type of property if and ONLY if you are not hurry to get ONE!
Try to hunt for this type of property in,
a) An Auction
b) Your neighbourhood where you know that they are unable to pay the bank loan and they have to sell the property no matter how! ( desperate buyers!!)
c) During economic downturn, never buy your property when everyone is making money from the bull market!
Always remember that your first home is not your asset, you have to get money from your property before you call call it an "ASSET"!!
Friday, March 09, 2007
Read about this in a book today ( 'The Millionaire Mindset' by Gerry Robert). What poisons our mind most is our mentality. We were always told that money is evil and we are not supposed to be rich.
You were probably told things like this:" Go and get a good education, study hard and once you get a good education with good grades, you'll go and get a good job in a good company and work hard and long and stay there for 25 years and get a pension for life!"
However, I see it this way: you get a chicken little education so you get some chicken little degree, so you can go and impress some chicken little companies and go to work for some chicken little boss so you can stay in that chicken little company getting little paycheck for 30 years, listening to some guy you hate your whole life so that at the end of 30 years you get some chicken little pension. That's not a life, that's chicken feed!
Friday, March 02, 2007
I recently bumped into my high school friend. He is currently a very successful property developer in Malaysia and Singapore. We had a chat and he was asking me about my future plan. Actually, I was rather embrassed to tell him that I am still working very hard to get not my first million but rather my half million dollars. He told me that how much you get at the end of the day does not depend on how much you earn but rather than how much you save!
There are 10 quick ways for you to save more money!
1) Never spend on your 'expensive' drinks
I do not want to tell you the name. I was so amazed that people nowaday can spend 10 or even 20 dollars to drink a cup of coffee. Can you imagine how much you can save a month if you just live without all these expensive coffee and tea!
2) Never use your credit card
If you do not have so much money to spend , never have a idea that you will get away with 'spend-and-pay' later!
3) Pay your debt and save interest
Pay your debt with the highest interest rate!
4) Buy second hand thing
Don't you think it is a good idea to buy a second hand car? Let the first owner pays all the tax and you get the benefit to drive the car with only 2/3 or 1/2 of the usual price!
5) Stop smoking
If you can quit smoking, you gain health and save more money. Kill two birds with one stone!
6) Buy rather than rent if possible
Always you will have big commitment whenever you buy a house ( installment to pay everymonth), you can have good returns in long run! Do not waste your money paying your landlord everymonth!
7) Plan before you buy
Plan before your buy. Never go to a shopping mall without a list. You will end up buying unnecessary items!
8) Use fuel-saving vehicles
No point driving a 3L or 4.5L car on city road when it is illegal for you to speed more than 100 km/h. If you want to drive BIG car with HUGE horse power, join Formula 1, you will get money more than 100 times or even 1000 times your vehicle value if you win a race!
9) Stop buying lottery
Save than 1,2 dollar every month and give up your hope of becoming instant millioniare. You have a better chance to become a millionaire if you start saving money today rather than betting your money in casino or buying Magnum/Toto/Lottery
10) Rule number 10- remember that you take control of your money!
Friday, February 09, 2007
Find these tips interesting and useful and hope to share with all of you!
There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity.
Here are some very interesting aspects of his life:
1) He bought his first share at age 11 and he now regrets that he started too late !
2) He bought a small farm at age 14 with savings from delivering newspapers.
3) He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4) He drives his own car everywhere and does not have a driver or security people around him.
5) He never travels by private jet, although he owns the world's largest private jet company.
6) His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.
7) He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.
8) He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch television.
9) Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
10) Warren Buffet does not carry a cell phone, nor has a computer on his desk.
11) His advice to young people: Stay away from credit cards and invest in yourself
Wednesday, January 31, 2007
Right Attitudes To Become Rich
Have you ever imagined what will happen to you in the next 5 years if you keep on doing what you are doing right now? Do you think you are going to get better or worse? If you work hard everyday to get paid and you think you are going to work even harder in a few years to come, do you think you are going to achieve what you aim in life?
I have been thinking of this question for the past few months and I know that we were taught that job security is important in life, therefore, we studied hard during our school time and we went to college so that we can get a stable, well-paid job!
Have you ever thought that if we keep on doing what we have been doing for the past donkey's years, are our lives going to change?
Therefore, today I am going to tell a few shocking attitudes that rich people have,
1) Rich people take calculated risk and they prefer opportunity rather than security! They venture into anything that can make money although they have to lose their jobs!
2) Rich people believe that action speaks louder than words. They have ideas and they will apply their ideas into money making machine. They do not just talk, talk, and talk......... again, again and again.
3) Rich people like to make friends with all kinds of people because they know the truth that more people you know, more money you will make! They do not stay at home after work and sit in front of TV and spend 1/3 of their lives watching TV or playing computers! They go out and meet people!
4) Rich people accept suggestion and opinion. They know there is always a better choice to make money. They look for ideas and they will turn these ideas into bussiness opportunity!
5) Rich people never complain. They will not give one thousand and one reason why the ideas fail but look harder for better ideas. Poor people complain, complain and have 100 thousand reasons when they fail in anything in their lives!
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Friday, January 19, 2007
Remember that there is no short cut to become a millionaire, there is not quick scheme to get your first million if you do not follow these rules,
1) Start investing TODAY!
2) Set your target- write down what you want to achieve in life! Never just picture that in your mind, I strongly advise you to write down what you want in life on a piece of paper and read it EVERYDAY!
3) Buy shares and mutual funds, never think that you will get rich by putting your money in bank! If you put your money as fixed deposit, the bank will get rich and not YOU!
4) Never speculate, buy blue chips shares. Never expect to get 100% returns in months, always think of long term investment!
5) Invest EVERYMONTH, has an outlined plan, invest consistently!
6) Hold your shares and never buy and sell and hope to get good returns. Studies show that millionaire investors usually hold their shares more than 5 years!
7) Plan your tax and estate properly, it is useless if your money and estate die together with you!
8) Be consistent in everything you do in life!
Hope these tips help you! Be patient, your hard work will pay off soon!
Sunday, January 14, 2007
What is 'rat race'? Why there are so many people talking about 'rat race' today? If you read about any book talking about financial freedom and wealth, you certainly know about this term ‘rat race’!
So.........,what exactly is the rat race?
Well, we all believe that or we are made to believe that good education ensures you to have good work later in life. A good( well-paid) work ( such as doctor, lawyer, engineer) ensures you a bright future. I was told that I must study hard to get a good-pay job to be successful in life. So, I worked very hard during my school times, I scored perfect scores for almost all subjects in public examinations and I entered university to study medicine,I graduated as a doctor. I worked very hard every day, hoping that I will get what I want in life, but later I realized that no matter how hard I tried, I was not getting anyway in life. I am trading my hours every day to get paid! If I stop working for a month or less, I will lose almost everything!
Imagine how different your life could be if you had both the financial freedom and the time to take your holidays wherever you want, when you want and for as long as you want.
Although you may be earning thousand a dollar an hour, can you quit your job right now and still get one thousand an hour?
Even though working as a doctor pays me well every month ( not so well here in Malaysia although compared to most of the countries in the World), I am still earning better than average, but I still had a felling that this is not what I want out of life ... there is more to life than just going home to work then work to home day after day after day! Are you sure that you will be getting what you get right now if you fall sick one day!
Yes…..You are right. I AM STILL A RAT! I run everyday because I have to find foods. I still have to spend time looking high and low for foods! I AM TRADING MY LIFE TO GET MONEY AND INCOME!
If you do not what to repeat my mistake, find a way to free yourself from this ‘rat race’!