Cool topic eh?
Or is it catchy?
Well...I hope it is....
So the question is....how do I become a millionaire or how would I be able to achieve that solid RM1mil mark?
There are few ways....
1) Business....
2) Savings..
3) Lottery...
4) Robbery..
5) Corruption...
6) Swindle...
7) Keep on dreaming......
8) Property investments.....
9) MLM.........
Well....saying and writing it easy (in theory that is)....and I'm gonna touch on being a millionaire through savings and compounding.....I don't think writing about becoming a millionaire through other channels will be right for the current moment and of course, almost everyone knows that investing in properties will certainly help ...heheheh.....So here we go...
Let's assume we have a savings of RM1500 and we want to have RM1,000,000 in 14 years time. So how much do we have to save a month or a year to get that RM1mil. Let's be conservative and assume that the annual interest rate will be constant at 7.5%.
According to the Compound Interest Calculator, you will need to save RM3,333.33 per month or RM40,000 per annum for the next 14 years to achieve that mark.
Let's take another example, Abu is 34 years old. He plans to retire at 55 and planning to have RM1.5mil as his retirement savings. So how much does Abu has to save from now so that he will able to attain his financial objective?
Again, assuming an annual interest rate of 7.5%, he needs to save around RM2,460 per month for the next 21 years or RM29,500 annually.
Play around with the calculator at the link and you'll be amazed with the power of compounding.
Let's take a look at another example. Assuming you open up a new ASB fund for your soon to be born kid. Every month from the day she or he was born, you put RM200 until she or he is 21 years old. If you do that constantly, at the age of 21 and assuming an annual interest rate of 7.5%, your kid will have about RM92k worth of savings. A good way and amount for him or her to start their life. I wished I had such kind of start but there's no point looking at the past kan?
Again, all of this looks rosy in writing and in theory and I admit that sometimes, it can be difficult to do it in reality. Whatever being said though, it all depends entirely on what do we want to achieve in life. For some, they couldn't be bothered at all and for the other some, they have made the necessary preparations to face the future uncertainties.
I will be very happy if I could save RM20,000 per year. If I do that consistently over the period of....let's say 14 years, I may have about RM500k. Will I do it?....I'll try but my main aim is always to ensure to I'll have sufficient funds to use when the time comes.....
So for those who wants to be a millionaire, good luck and start saving (duhhh).....
psssstt...just assume you have Rm5k in hand, where would you put your money to? ASB or Unit Trust?
Showing posts with label Financial Freedom. Show all posts
Showing posts with label Financial Freedom. Show all posts
Sunday, April 10, 2011
Thursday, March 24, 2011
Loan Application
Someone close to me wanted to buy a new car.
He is earning about 3k. Up until last week, he drives a local car which he paid about RM500 a month for the monthly installments. Then he has to pay for his Bank Rakyat personal loan monthly installments about RM300. Next, he is paying about RM250 per month for his ASB loan.
Apart from that, a credit card balance of about RM4k is still outstanding. I was made to understand that he has not paid 2 monthly installment for his car due to reasons only known to him
Up to today, he has no asset as yet....
Now, he wanted to buy a new ride. He decided to go for a Korean car amounting to about RM95k. After submitting the loan application, his application was rejected. He then shifts his attention to Honda that costs around RM90k. X bank only approves 85% instead of the usual 90%....which means, he has to fork out about RM13k to buy the car. Erkkk!!
I tried to speak to him about getting a new car is not easy. It's gonna cost a lot of money. To make matters worse, he has since sold off his car to a second hand car dealer for only RM17.5k. His previous balance with the bank for the old car is about RM16k. So, he has a balance of about RM1.5k from that transaction. Disposing a local car for a profit is a good business sense I think. Heheheheh....
He is disappointed obviously. I tried to speak to him about not spending more that what you can afford but it seems, he is very determined to purchase that Honda.
Don't get me wrong, I'm just worried about his financial standings and at that age of 32, he needs to be thinking of building assets instead of 'owning' depreciating assets. I strongly recommend that he should get a MyVi or something below RM65k. If he does get what he wished, he will have to pay about RM1k for the monthly installments for the car. I think....I really think, ini adalah langkah yg kurang bijak....Moreover, when you have to spend RM13k for the deposit/booking....lagilah kurang bijak....I would rather pay RM13k deposit to purchase a property....
Which brings me to another story. Another guy who is related to me, wants to purchase a sports car that amounts to RM200k (maybe more...maybe less). His pay? I don't have a clue but was told that his expenses (rental, fuel, misc, bills) is being paid the parents. He is now close to 30. I wished I could help and advise but who am I lah kan?
How lah to talk to people like this? This is one of the problems of our people nowadays. We always want more than what we actually need. Sometimes, we just cannot see the problems but instead keep on lying to ourselves that we can afford it....
To be honest, when I decided to change for a new car, it took me 6 months to think it over. Plus, only after calculating my household budgets, incomes and expenditures that we took the decision to change. Only after things that I planned materialized, that I decided to change. It wasn't easy and I was a wee bit lucky as I was driving a Honda previously and hence, the value of the car is not as bad if you were to compare it to Protons or Nazas. I only spent RM1k for the purchase of the new car. Nothing more...and nothing less. Since the trade in value is quite high and the balance of the loan was minimal, I had significant balance of 'cash' that was used to purchase the new ride. Hence, the loan amount that I took was not as much as 90%.
Anyway, back to the story, I'm pretty sure, based on my knowledge, he will face problems in managing his finances.
If I could advice, I would only say, we must not live beyond our means. Sometimes, we have to realized who we are and accept things as they are. If you want more, you'll just have to work hard and smart for it. Find yourself some additional income to support your wants and needs. Read books about personal development and personal finance management. I don't wanna be seen as an idiot who wants to teach a fish on how to swim, but sometimes, some people just refused to accept things as they are....
He is earning about 3k. Up until last week, he drives a local car which he paid about RM500 a month for the monthly installments. Then he has to pay for his Bank Rakyat personal loan monthly installments about RM300. Next, he is paying about RM250 per month for his ASB loan.
Apart from that, a credit card balance of about RM4k is still outstanding. I was made to understand that he has not paid 2 monthly installment for his car due to reasons only known to him
Up to today, he has no asset as yet....
Now, he wanted to buy a new ride. He decided to go for a Korean car amounting to about RM95k. After submitting the loan application, his application was rejected. He then shifts his attention to Honda that costs around RM90k. X bank only approves 85% instead of the usual 90%....which means, he has to fork out about RM13k to buy the car. Erkkk!!
I tried to speak to him about getting a new car is not easy. It's gonna cost a lot of money. To make matters worse, he has since sold off his car to a second hand car dealer for only RM17.5k. His previous balance with the bank for the old car is about RM16k. So, he has a balance of about RM1.5k from that transaction. Disposing a local car for a profit is a good business sense I think. Heheheheh....
He is disappointed obviously. I tried to speak to him about not spending more that what you can afford but it seems, he is very determined to purchase that Honda.
Don't get me wrong, I'm just worried about his financial standings and at that age of 32, he needs to be thinking of building assets instead of 'owning' depreciating assets. I strongly recommend that he should get a MyVi or something below RM65k. If he does get what he wished, he will have to pay about RM1k for the monthly installments for the car. I think....I really think, ini adalah langkah yg kurang bijak....Moreover, when you have to spend RM13k for the deposit/booking....lagilah kurang bijak....I would rather pay RM13k deposit to purchase a property....
Which brings me to another story. Another guy who is related to me, wants to purchase a sports car that amounts to RM200k (maybe more...maybe less). His pay? I don't have a clue but was told that his expenses (rental, fuel, misc, bills) is being paid the parents. He is now close to 30. I wished I could help and advise but who am I lah kan?
How lah to talk to people like this? This is one of the problems of our people nowadays. We always want more than what we actually need. Sometimes, we just cannot see the problems but instead keep on lying to ourselves that we can afford it....
To be honest, when I decided to change for a new car, it took me 6 months to think it over. Plus, only after calculating my household budgets, incomes and expenditures that we took the decision to change. Only after things that I planned materialized, that I decided to change. It wasn't easy and I was a wee bit lucky as I was driving a Honda previously and hence, the value of the car is not as bad if you were to compare it to Protons or Nazas. I only spent RM1k for the purchase of the new car. Nothing more...and nothing less. Since the trade in value is quite high and the balance of the loan was minimal, I had significant balance of 'cash' that was used to purchase the new ride. Hence, the loan amount that I took was not as much as 90%.
Anyway, back to the story, I'm pretty sure, based on my knowledge, he will face problems in managing his finances.
If I could advice, I would only say, we must not live beyond our means. Sometimes, we have to realized who we are and accept things as they are. If you want more, you'll just have to work hard and smart for it. Find yourself some additional income to support your wants and needs. Read books about personal development and personal finance management. I don't wanna be seen as an idiot who wants to teach a fish on how to swim, but sometimes, some people just refused to accept things as they are....
Wednesday, October 6, 2010
Top 5 Tips to Build Wealth and Success
Warren Buffett is worth $45 billion. That wealth isn't only a factor of savvy investing and good business — the "Oracle of Omaha" is also known as a penny pincher. Buffett still lives in the same Omaha, Neb., home he bought in 1958 for $31,500.
Follow his frugal formula, and you too may wind up with a lot more money than you ever dreamed.
This week Financially Fit covers five tips to build wealth and success.
1. Live Below Your Means.
Being wealthy isn't just a product of your salary or investment prowess; it's learning how to save.
"We can make a lot of money, you can make a little bit of money, but the second you spend all the money is when people get into trouble. Saving is the key to preserving your wealth," says Ed Butowsky, managing partner of Chapwood Capital Investment Management, a firm that manages money for wealthy individuals.
As many Americans realized during the booming real estate market, just because you think you can afford something doesn't mean you should buy it. Keeping an eye on your bottom line will pay dividends over the long term.
2. Bounce Back From Defeat
With nearly 15 million workers unemployed right now in the U.S., it's easy to get discouraged. Don't! Most successful and wealthy people have overcome obstacles and failure along the way. Steve Jobs was ousted from Apple when he was 30. Today, he's a billionaire and a legend. Plus, after getting fired, he created another billion-dollar media company, Pixar.
"Bouncing back from defeat is something all great achievers have. They have this undying belief good things will happen and will continue to happen," says Butowsky.
Take Michael Jordan. "His airness" was cut from his high school basketball team. Motivated by the rejection, Jordan became a star the next season. The rest is history.
3. Self-Promote
Regardless of the profession, the rich and successful tend to have a strong sense of self-worth — key to skillfully navigating an upward career path. Mark Hurd, who was ousted as CEO of Hewlett-Packard in August, couldn't be kept down for long. Using his business skills and connections, in September, Hurd was named president of Oracle. (Hurd and Oracle founder Larry Ellison are known to be close friends.)
4. Have Street Smarts
Bernie Madoff lived the high life for decades, scamming unsuspecting clients, with a money-making formula that proved too good to be true. Only afterward did we learn that with a little due diligence, most clients could have easily uncovered the fraud.
But it's not only the swindlers and the con men you have to watch out for. Many times, friends and family take advantage of the rich. Whether it's a handout or an investment idea, Butowsky advises his high net worth clients that in most cases, it's wisest to just say "no." The best way to do that: have someone else do it for you.
"You need to really set up a wall between you and your family," he advises. "If you don't want to give them (family or friends) money ... saying no is probably a good idea."
5. Buy Cheap
The rich can afford to splurge, but that doesn't mean they do.
John Paulson, a billionaire hedge fund manager, bought his Hamptons "dream house at a bargain basement price," according to Greg Zuckerman, author of the Paulson-based book, "The Greatest Trade Ever." The story has it that Paulson eyed the home while it was in foreclosure. Finally, on a rain-soaked day, he purchased the home on the Southampton town hall steps. He was the only bidder.
On New York City's Upper East Side, Michael's— The Consignment Shop for Women— has been a bargain-hunting destination for more than 60 years. "We have a good percentage of women who can afford to shop on Madison Avenue but really like the idea of saving that money," says proprietor Tammy Gates.
From Chanel to Gucci and Louis Vuitton, the store specializes in high-end designer merchandise for a reasonable price. Speaking of her clientele, Gates says, "they're wealthy for a reason. They recognize that bargains keep people wealthy. Paying top dollar when you don't have to doesn't make sense."
Peter Gorenstein and Farnoosh Torabi
Tuesday, October 5, 2010
taken from: Financially Fit @ yahoo
Follow his frugal formula, and you too may wind up with a lot more money than you ever dreamed.
This week Financially Fit covers five tips to build wealth and success.
1. Live Below Your Means.
Being wealthy isn't just a product of your salary or investment prowess; it's learning how to save.
"We can make a lot of money, you can make a little bit of money, but the second you spend all the money is when people get into trouble. Saving is the key to preserving your wealth," says Ed Butowsky, managing partner of Chapwood Capital Investment Management, a firm that manages money for wealthy individuals.
As many Americans realized during the booming real estate market, just because you think you can afford something doesn't mean you should buy it. Keeping an eye on your bottom line will pay dividends over the long term.
2. Bounce Back From Defeat
With nearly 15 million workers unemployed right now in the U.S., it's easy to get discouraged. Don't! Most successful and wealthy people have overcome obstacles and failure along the way. Steve Jobs was ousted from Apple when he was 30. Today, he's a billionaire and a legend. Plus, after getting fired, he created another billion-dollar media company, Pixar.
"Bouncing back from defeat is something all great achievers have. They have this undying belief good things will happen and will continue to happen," says Butowsky.
Take Michael Jordan. "His airness" was cut from his high school basketball team. Motivated by the rejection, Jordan became a star the next season. The rest is history.
3. Self-Promote
Regardless of the profession, the rich and successful tend to have a strong sense of self-worth — key to skillfully navigating an upward career path. Mark Hurd, who was ousted as CEO of Hewlett-Packard in August, couldn't be kept down for long. Using his business skills and connections, in September, Hurd was named president of Oracle. (Hurd and Oracle founder Larry Ellison are known to be close friends.)
4. Have Street Smarts
Bernie Madoff lived the high life for decades, scamming unsuspecting clients, with a money-making formula that proved too good to be true. Only afterward did we learn that with a little due diligence, most clients could have easily uncovered the fraud.
But it's not only the swindlers and the con men you have to watch out for. Many times, friends and family take advantage of the rich. Whether it's a handout or an investment idea, Butowsky advises his high net worth clients that in most cases, it's wisest to just say "no." The best way to do that: have someone else do it for you.
"You need to really set up a wall between you and your family," he advises. "If you don't want to give them (family or friends) money ... saying no is probably a good idea."
5. Buy Cheap
The rich can afford to splurge, but that doesn't mean they do.
John Paulson, a billionaire hedge fund manager, bought his Hamptons "dream house at a bargain basement price," according to Greg Zuckerman, author of the Paulson-based book, "The Greatest Trade Ever." The story has it that Paulson eyed the home while it was in foreclosure. Finally, on a rain-soaked day, he purchased the home on the Southampton town hall steps. He was the only bidder.
On New York City's Upper East Side, Michael's— The Consignment Shop for Women— has been a bargain-hunting destination for more than 60 years. "We have a good percentage of women who can afford to shop on Madison Avenue but really like the idea of saving that money," says proprietor Tammy Gates.
From Chanel to Gucci and Louis Vuitton, the store specializes in high-end designer merchandise for a reasonable price. Speaking of her clientele, Gates says, "they're wealthy for a reason. They recognize that bargains keep people wealthy. Paying top dollar when you don't have to doesn't make sense."
Peter Gorenstein and Farnoosh Torabi
Tuesday, October 5, 2010
taken from: Financially Fit @ yahoo
Sunday, August 15, 2010
Another article from Yahoo!
Read an interesting article about the 7 millionaire's myths
We all have are preconceptions about millionaires: they're tax evaders who just inherited their money from rich Aunt Flo, and they hang around the golf course all day with their snobby, elitist friends. So what's the average millionaire really like? Here are seven millionaire myths, and the real facts about the ones who seem to have it all.
1. Millionaires Don't Pay Their Taxes
Fact: It is estimated that millionaires, those in the top 1% of earners, pay about 40 percent of all taxes. Current tax regulation shifts may change these numbers to make this even larger than that -- so think twice before accusing the millionaires in America of not paying taxes.
2. Millionaires Just Inherited Their Money
According to Thomas J. Stanley's book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," only 20% of millionaires inherited their riches. The other 80% are what you'd call nouveau riche: first-generation millionaires who earned their cash on their own. Many millionaires simply worked, saved, and lived within their means to generate their wealth -- think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died -- they worked for the money.
3. Millionaires Feel Rich
From the outside looking in, you would think that millionaires feel rich and secure, but that's not so. Most millionaires worry about retirement, their kids' college fund and the mortgage just like the rest of us. Those worries are greatest among new millionaires, the people who just recently acquired their wealth.
4. Millionaires Have High-Paying Jobs
It certainly doesn't hurt to be gainfully employed, but half of all millionaires are self-employed or own a business. It does help to have a college degree, as about 80 percent are college graduates, though only 18% have master's degrees.
5. Millionaires All Drive Fancy Cars
You can get that idea of the rich guy in a fancy German car out of your head when you think of a millionaire: They actually drive a Ford, with the carmaker topping the millionaire preferred car list at 9.4 percent. Cadillacs run second on the millionaires' favorite car list
Car payments are an investment with little return, which is why someone looking to grow wealth avoids high-priced vehicles in favor of a more economical set of wheels.
6. Millionaires Hang Around the Golf Course All Day
Those millionaires are all retired, with nothing else to do but hang around the golf course, right? Wrong. Only 20 percent of millionaires are retirees, with a full 80 percent still going to work. It's not as glamorous or fun, but millionaires go to work just like you do; it's how the money gets in the bank.
7. Millionaires Are Elitists
We've already established that most millionaires earned their money and not inherited it, still go to work, drive a Ford, and worry about their kids' college expenses. Sounds a lot like the rest of America, right? Millionaires come in all shapes and sizes -- some may be elitists, but most are just regular Joes who successfully managed their money.
The Bottom Line
Maybe you see a pattern here: Today's millionaires are people who live within their means, budget and spend wisely, and focus on financial independence first. These are habits that take discipline, but ones we can all adopt to begin growing wealth. If these facts prove anything, it's that every one of us can strive to become a millionaire -- you can start by driving your old car with pride.
by Claire Bradley
We all have are preconceptions about millionaires: they're tax evaders who just inherited their money from rich Aunt Flo, and they hang around the golf course all day with their snobby, elitist friends. So what's the average millionaire really like? Here are seven millionaire myths, and the real facts about the ones who seem to have it all.
1. Millionaires Don't Pay Their Taxes
Fact: It is estimated that millionaires, those in the top 1% of earners, pay about 40 percent of all taxes. Current tax regulation shifts may change these numbers to make this even larger than that -- so think twice before accusing the millionaires in America of not paying taxes.
2. Millionaires Just Inherited Their Money
According to Thomas J. Stanley's book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," only 20% of millionaires inherited their riches. The other 80% are what you'd call nouveau riche: first-generation millionaires who earned their cash on their own. Many millionaires simply worked, saved, and lived within their means to generate their wealth -- think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died -- they worked for the money.
3. Millionaires Feel Rich
From the outside looking in, you would think that millionaires feel rich and secure, but that's not so. Most millionaires worry about retirement, their kids' college fund and the mortgage just like the rest of us. Those worries are greatest among new millionaires, the people who just recently acquired their wealth.
4. Millionaires Have High-Paying Jobs
It certainly doesn't hurt to be gainfully employed, but half of all millionaires are self-employed or own a business. It does help to have a college degree, as about 80 percent are college graduates, though only 18% have master's degrees.
5. Millionaires All Drive Fancy Cars
You can get that idea of the rich guy in a fancy German car out of your head when you think of a millionaire: They actually drive a Ford, with the carmaker topping the millionaire preferred car list at 9.4 percent. Cadillacs run second on the millionaires' favorite car list
Car payments are an investment with little return, which is why someone looking to grow wealth avoids high-priced vehicles in favor of a more economical set of wheels.
6. Millionaires Hang Around the Golf Course All Day
Those millionaires are all retired, with nothing else to do but hang around the golf course, right? Wrong. Only 20 percent of millionaires are retirees, with a full 80 percent still going to work. It's not as glamorous or fun, but millionaires go to work just like you do; it's how the money gets in the bank.
7. Millionaires Are Elitists
We've already established that most millionaires earned their money and not inherited it, still go to work, drive a Ford, and worry about their kids' college expenses. Sounds a lot like the rest of America, right? Millionaires come in all shapes and sizes -- some may be elitists, but most are just regular Joes who successfully managed their money.
The Bottom Line
Maybe you see a pattern here: Today's millionaires are people who live within their means, budget and spend wisely, and focus on financial independence first. These are habits that take discipline, but ones we can all adopt to begin growing wealth. If these facts prove anything, it's that every one of us can strive to become a millionaire -- you can start by driving your old car with pride.
by Claire Bradley
Wednesday, July 21, 2010
A father's speech
A few nights ago, I attended my sister's wedding (again) at a hotel in PJ. This time, the wedding was organized by her husband's parents. Nice and sweet event I must. It had a Arabian-Moroccon themed styled wedding. Wonder why people nowadays have all this autumn or arabian 'styled' weddings. What ever happened to those traditional Malay weddings eh?
Anyways, during the wedding, Che Man's father gave a wonderful speech. He talked a lot about che man and one of his advices to the new couple is to 'MANAGE YOUR FINANCES REALLY WELL'.
I like it when he stresses on the importance of managing their finances. Now that they are married, both of them are responsible in choosing and identifying what's best for them. Of course, to be finacially stable is very important for everyone. It includes you and me.
If you don't manage you finances well, you may ended doing the wrong things, Buying unnecessary stuff, Investing in the wrong places and bla bla bla. All that can go wrong, will go wrong.
I have to admit, that I wasn't able to manage my finances well during my late 20s. I regretted it but Alhamdulillah I learnt from it. I'm not saying that I'm managing my finances superbly now but at least it's better then it was 8 or 10 years ago. I found a site that simply had 5 'simple' ways to manage your finances. Here goes:
1) Earn Income(s)
2) Live within your means (Uncle Din stressed this point as well)
3) Save Money
4) Invest wisely
5) Have a plan and stick to it
Sounds easy eh? In reality though, it can be difficult if you have not done it. I think, some people that i've met, material wealth is important. Having nice & big house is important. Driving flashy cars is important. Wearing designer watches and handbags are important. The list goes on. Let me tell you, I've been in the shithole of having bad debts around me a couple of years ago. I buy all the unnecessary things and stuff that I thought would make me a happy guy. It doesn't and like I said, I regretted it. Thank God, I came to my senses and have been able to control my emotions especially in terms of managing my financial resources.
Think of it this way. Your income is X amount. Your expenses is Y amount. You must make bloody sure that your Y does not exceed the X amount every month. What's the point of having bad debts around you? Are you working hard to pay your debts? Are you working hard to pay off those credit card bills? Do you think that just by paying the minimum 5% of your total credit card bills will make you sleep easier at night? Or are you working hard to be financially secured? The decision,ladies and gentlemen, is entirely yours.
All of us, each were given a brain by the Almighty to think what's right and wrong. So think carefully and manage your finances well. Thank you Uncle Din for a such wonderful speech. Thank you for the inspiration as well.......
Have a good day....
Anyways, during the wedding, Che Man's father gave a wonderful speech. He talked a lot about che man and one of his advices to the new couple is to 'MANAGE YOUR FINANCES REALLY WELL'.
I like it when he stresses on the importance of managing their finances. Now that they are married, both of them are responsible in choosing and identifying what's best for them. Of course, to be finacially stable is very important for everyone. It includes you and me.
If you don't manage you finances well, you may ended doing the wrong things, Buying unnecessary stuff, Investing in the wrong places and bla bla bla. All that can go wrong, will go wrong.
I have to admit, that I wasn't able to manage my finances well during my late 20s. I regretted it but Alhamdulillah I learnt from it. I'm not saying that I'm managing my finances superbly now but at least it's better then it was 8 or 10 years ago. I found a site that simply had 5 'simple' ways to manage your finances. Here goes:
1) Earn Income(s)
2) Live within your means (Uncle Din stressed this point as well)
3) Save Money
4) Invest wisely
5) Have a plan and stick to it
Sounds easy eh? In reality though, it can be difficult if you have not done it. I think, some people that i've met, material wealth is important. Having nice & big house is important. Driving flashy cars is important. Wearing designer watches and handbags are important. The list goes on. Let me tell you, I've been in the shithole of having bad debts around me a couple of years ago. I buy all the unnecessary things and stuff that I thought would make me a happy guy. It doesn't and like I said, I regretted it. Thank God, I came to my senses and have been able to control my emotions especially in terms of managing my financial resources.
Think of it this way. Your income is X amount. Your expenses is Y amount. You must make bloody sure that your Y does not exceed the X amount every month. What's the point of having bad debts around you? Are you working hard to pay your debts? Are you working hard to pay off those credit card bills? Do you think that just by paying the minimum 5% of your total credit card bills will make you sleep easier at night? Or are you working hard to be financially secured? The decision,ladies and gentlemen, is entirely yours.
All of us, each were given a brain by the Almighty to think what's right and wrong. So think carefully and manage your finances well. Thank you Uncle Din for a such wonderful speech. Thank you for the inspiration as well.......
Have a good day....
Wednesday, July 14, 2010
RM500 to buy a property???
After much thinking and a lot of considerations, I finally made my latest property investment by purchasing/booking a unit in Villa Tropika. I stumbled upon this property by accident actually. I was reading a blog by Rohaniah about this place a couple of days back. You can read it here
I was made to understand that all of the units has been sold for quite awhile but due to some difficulties faced by some prospective owners in getting loans, a few units were put back on sale. I hope I'm one of the lucky ones as I managed to book a unit on the 10th Floor for about RM165k after discount. I paid RM500 for the deposit as reported by Rohaniah in her blog. I pray that I can get a loan. If not, I shall get back the deposit. Hehehe
There are only 3 units left I believe. ANyways, a wee bit info about the place.
- It's a 15 storey high apartment complex
- The KTM komuter station is about 200 or 300 metres away from the place
- 3 tier security systems with only one way to get in and get out to the place.
- Directly opposite of the apartment are the shophouses together with Sg Tangkas police station.
- UKM is situated a few clicks away
- Numerous other colleges (GMI, Twintech) are situated nearby
- Golf course view
- Easy access to PLUS highway
- 2 car parks for each unit (impressive eh)
(It was 4, now down to 3 units available together with the price listings)
There you go...some infos about the place. It is expected to be completed in 2012. Projected rentals would be around RM900-Rm1100. To be frank, I was on the look out for a property that is near to a college or university. I said to myself that for the next purchase, the type of property that I wanna purchase must be situated nearby a college or university so that the unit can be easily rented out. Hopefully, with this purchase, I get what I wanted all this while.
With all of my properties now rented except for one, I believe I've made the right choice in purchasing another one. Let's hope the bank will go easy with me on this property. Having said that, with such purchase, if it all materialize in the next couple of months, I'm taking a huge step in chasing my big dream that I had when I was a little boy (even though I wasn't able to achieve it before I was 30 years old). I believe, it all could be done by the end of next year. Insya-Allah...
Have a good day....
Tuesday, February 23, 2010
Being in employment
I read a book by RObert Kyosaki a couple of years ago and I found it interesting. Especially when he wrote about money works for you instead you work for money. Of course, it's a concept that is easy to interpret but a wee bit harder than actually doing it.
So what I did was, I drew some charts based on my understand on some of the principles that he mentioned in his book. It is about being in employment, being self employed, business owner and of course, being an investor. As I have mentioned so many times in my previous postings, what I wrote here is purely based on my understanding and of course, I welcome any feedbacks from your goodselves...
Alrite then, let's take a look at being in employment.
Upon graduating (I hope everyone graduates but that is not the case in the real world), you are so upbeat about looking for a job. YOu search and search and starts submitting your CVs and so forth. After countless of interviews and some travelling, you managed to secure a JOB that you think that matches you. YOu're happy as it seems that your hard work is paying off. After the first month, you get your first pay check and you felt good. Then, it went on and on doing the same stuff till you get bored. You then search for another JOB that you think that can make you happier. So back to the same cycle. Sending CVs, Resumes and the lots. After a number of interviews, you again managed to secure a JOB at a better place and maybe perhaps a better pay.
By then, you may perhaps has purchased a car and you're living on your own renting somewhere in the city. After a few years, you get married and still being employed at the same place. You now have climbed the corporate ladder and you now sits at the managerial level. Being in the managerial level is always great but it comes with great responsibilities. You perhaps now spend lesser time at home but greater time doing work for your company. You now handles a number of employees under you and answer directly to the top management. If your downliner screws up, the top level management will scream at your head. Of course, office politics seems the norms these days and somehow and someone will certainly want your chair. (it's a dog eats dog world kan?) Receiving bonus at the end of the year is always great and for all your work that you have done, you think receiving 3 months bonus is good!!
Before you know it, you realised during your 40th birthday, you start thinking of doin something for your kids. I mean, their educations, their needs and wants, their weddings, etc...etc...Then you realised that with your current paycheck, it is just not possible to save your money. Everything that you earned, you used it to pay off your loans be it cars and houses and maybe personal loans. To make the matter worse, the company that you're working with is not doing well. One by one staff leave the company and the company seems to struggle to pay salaries. At first, the you get your paycheck once in 2 months and then it gets worse, once in 3 months and you decide you had enough. Again, at the age 40, you're back at where you started when you were younger. Sending CVs and Resumes. With all your experience, you expect to be highly paid. Corporations nowadays seems to one thing in mind. Maximum Profits with Minimum COsts. Hence, you will certainly costs them higher and things are not looking so bright. So what do you do? During this period, I'm pretty sure that majority of us has loans to pay and some mouths to be fed.
Ok, another simple scenario, upon graduating, you decided to stick with the same company or organization till the day you retires. Of course, once you retire, you will get some sort of memorablia from the organization. Perhaps a RM1000 worth of watch for all your 25-30 years of good service. Perhaps, you'll get yourself a golden handshake where the company says thank you and bye bye. What do you do after that? Again, by this time, you're already in your mid 50's. You still have to pay for your child's third level educations and what nots....
Let's take a look at the simple chart below:
Let me explain a wee bit on this simple chart.
I assume that you start working at the age 20 somethings where you first paycheck is about RM2k. Then you go to your 30s where you'll get a higher paycheck, perhaps about RM4k. Then into your 40s, another higher paycheck where I assumed to be about RM8k. Perhaps, upon reaching this age group, you'll hit a ''plateau''. Then we'll go into the golden years where you'll get a 5 figures salary (wow!!)Another couple of years then you retires.
What happens after you retires? What will be your income? Or your income suddenly becomes nil? Of course you'll have your EPF savings but will it be enough for you to continue to enjoy your lifestyles?
Anyhoos, that's the basic cycle of being in employment. Wake up, go to work, sleep. The same thing again until you retires. Life must be wonderful eh? Actually, I'm partly on those peeps that are currenty in this 'group'. I think most people are!
I'll do a write up on being self-employed later but for now, think about what I just wrote earlier. I guess, It is cool and alright to be in employment. You have more or less a secured pay and you know at the end of every month that you are gonna get paid. However, there are of course limitations that you can do with your monthly paychecks. Things like investments, educations, insurance, unit trusts, etc, etc...these things need money. And you have only so much that you can do. Think about it. How would a young graduate with a salary of RM2000 a month afford to invest in investments be it properties, unit trusts or whatever else? Taking into account his loan repayment on his car, rentals, phone bills, electricity bills, etc..etc...I guess, it's difficult eh?
Life can hit your hard sometimes and to be frank when reality kicks in, it will smack your face really, REALLY hard before you even notice it. It is sometimes difficult to put some sense in someone else's head about the reality of life but I think, what I just wrote earlier is for us to think really hard what we wanna do with our personal life. Of course, it is always great if you already knew what you want and you already have the necessary knowledge to assist you in getting there.
Of course, it would help if you have start saving when you're young. I wrote somewhere in my previous blogs, you'll need at least a saving of 30% of your monthly incomes. It may sound harsh but it is something that I believe everyone should do.
So what I did was, I drew some charts based on my understand on some of the principles that he mentioned in his book. It is about being in employment, being self employed, business owner and of course, being an investor. As I have mentioned so many times in my previous postings, what I wrote here is purely based on my understanding and of course, I welcome any feedbacks from your goodselves...
Alrite then, let's take a look at being in employment.
Upon graduating (I hope everyone graduates but that is not the case in the real world), you are so upbeat about looking for a job. YOu search and search and starts submitting your CVs and so forth. After countless of interviews and some travelling, you managed to secure a JOB that you think that matches you. YOu're happy as it seems that your hard work is paying off. After the first month, you get your first pay check and you felt good. Then, it went on and on doing the same stuff till you get bored. You then search for another JOB that you think that can make you happier. So back to the same cycle. Sending CVs, Resumes and the lots. After a number of interviews, you again managed to secure a JOB at a better place and maybe perhaps a better pay.
By then, you may perhaps has purchased a car and you're living on your own renting somewhere in the city. After a few years, you get married and still being employed at the same place. You now have climbed the corporate ladder and you now sits at the managerial level. Being in the managerial level is always great but it comes with great responsibilities. You perhaps now spend lesser time at home but greater time doing work for your company. You now handles a number of employees under you and answer directly to the top management. If your downliner screws up, the top level management will scream at your head. Of course, office politics seems the norms these days and somehow and someone will certainly want your chair. (it's a dog eats dog world kan?) Receiving bonus at the end of the year is always great and for all your work that you have done, you think receiving 3 months bonus is good!!
Before you know it, you realised during your 40th birthday, you start thinking of doin something for your kids. I mean, their educations, their needs and wants, their weddings, etc...etc...Then you realised that with your current paycheck, it is just not possible to save your money. Everything that you earned, you used it to pay off your loans be it cars and houses and maybe personal loans. To make the matter worse, the company that you're working with is not doing well. One by one staff leave the company and the company seems to struggle to pay salaries. At first, the you get your paycheck once in 2 months and then it gets worse, once in 3 months and you decide you had enough. Again, at the age 40, you're back at where you started when you were younger. Sending CVs and Resumes. With all your experience, you expect to be highly paid. Corporations nowadays seems to one thing in mind. Maximum Profits with Minimum COsts. Hence, you will certainly costs them higher and things are not looking so bright. So what do you do? During this period, I'm pretty sure that majority of us has loans to pay and some mouths to be fed.
Ok, another simple scenario, upon graduating, you decided to stick with the same company or organization till the day you retires. Of course, once you retire, you will get some sort of memorablia from the organization. Perhaps a RM1000 worth of watch for all your 25-30 years of good service. Perhaps, you'll get yourself a golden handshake where the company says thank you and bye bye. What do you do after that? Again, by this time, you're already in your mid 50's. You still have to pay for your child's third level educations and what nots....
Let's take a look at the simple chart below:
Let me explain a wee bit on this simple chart.
I assume that you start working at the age 20 somethings where you first paycheck is about RM2k. Then you go to your 30s where you'll get a higher paycheck, perhaps about RM4k. Then into your 40s, another higher paycheck where I assumed to be about RM8k. Perhaps, upon reaching this age group, you'll hit a ''plateau''. Then we'll go into the golden years where you'll get a 5 figures salary (wow!!)Another couple of years then you retires.
What happens after you retires? What will be your income? Or your income suddenly becomes nil? Of course you'll have your EPF savings but will it be enough for you to continue to enjoy your lifestyles?
Anyhoos, that's the basic cycle of being in employment. Wake up, go to work, sleep. The same thing again until you retires. Life must be wonderful eh? Actually, I'm partly on those peeps that are currenty in this 'group'. I think most people are!
I'll do a write up on being self-employed later but for now, think about what I just wrote earlier. I guess, It is cool and alright to be in employment. You have more or less a secured pay and you know at the end of every month that you are gonna get paid. However, there are of course limitations that you can do with your monthly paychecks. Things like investments, educations, insurance, unit trusts, etc, etc...these things need money. And you have only so much that you can do. Think about it. How would a young graduate with a salary of RM2000 a month afford to invest in investments be it properties, unit trusts or whatever else? Taking into account his loan repayment on his car, rentals, phone bills, electricity bills, etc..etc...I guess, it's difficult eh?
Life can hit your hard sometimes and to be frank when reality kicks in, it will smack your face really, REALLY hard before you even notice it. It is sometimes difficult to put some sense in someone else's head about the reality of life but I think, what I just wrote earlier is for us to think really hard what we wanna do with our personal life. Of course, it is always great if you already knew what you want and you already have the necessary knowledge to assist you in getting there.
Of course, it would help if you have start saving when you're young. I wrote somewhere in my previous blogs, you'll need at least a saving of 30% of your monthly incomes. It may sound harsh but it is something that I believe everyone should do.
Wednesday, February 10, 2010
Island Red Cafe...........................
A couple of days ago, I read a news with regards to this Island Red Cafe. Apparently the directors of the company were being charged of cheating a number of investors for an amount of more then RM1 million. (that's a lot of moolahh)..
Actually, this island red cafe is being run like an MLM/franchise kinda business. You eat and you get money. Wow!! You become a member and then you get some friends and families to join and get them to be a member, you can get money!! Wow!! Beautiful!! WOnderful!! Actually, the investors can be the shareholders as well. And then, the benefits seemed to be huge too.
On a personal level, I was once invited once to this cafe somewhere in Damansara by a friend of mine. Initially, I had no idea that this cafe is being run like a MLM/franchise business. Anyhoos, after I've done eating then only my friend started to tell me about the business. Ohh man. Not that I don't like MLM. I think it's one of the vehicle in generating side income, but I don't actually believe in the cafe's business concept. errr....get what i mean? Maybe, just maybe, I just don't understand what is it about anyway.
Anyhoos, like I mentioned earlier, the directors of the company now has pleaded not guilty of taking other people's money. Well, they have since collected the money anyways. God only knows what they do with the money
Talking and writing from a part-time investor's point of view, I thought, to invest in such a business concept which looks good and promising on paper requires a lot more then your normal 'consideration'. The amount involve might be small but it is still money right? You wanna invest, make sure that your investments will give some returns in the future. If no returns, then that's not investments, that's just ignorant. Hehehehe....
Back to the Red Island Cafe, i do not know whether my friend is still involve in the business but I sure wish him well!! In fact, another friend of mine got involve with this business as well but with a different restaurant/name. Never did I thought that the mamak concept kan do a-MLM....hehehe
Wanna do MLM? Go ahead and make sure you pick the right company. There are thousands out there I think but choose wisely. It's not about making your upline richer but it's about having an oppportunity to better yourself.
Have a nice weekend.
Oh by the way...Gong Xi Fa Chai to everyone.....
Actually, this island red cafe is being run like an MLM/franchise kinda business. You eat and you get money. Wow!! You become a member and then you get some friends and families to join and get them to be a member, you can get money!! Wow!! Beautiful!! WOnderful!! Actually, the investors can be the shareholders as well. And then, the benefits seemed to be huge too.
On a personal level, I was once invited once to this cafe somewhere in Damansara by a friend of mine. Initially, I had no idea that this cafe is being run like a MLM/franchise business. Anyhoos, after I've done eating then only my friend started to tell me about the business. Ohh man. Not that I don't like MLM. I think it's one of the vehicle in generating side income, but I don't actually believe in the cafe's business concept. errr....get what i mean? Maybe, just maybe, I just don't understand what is it about anyway.
Anyhoos, like I mentioned earlier, the directors of the company now has pleaded not guilty of taking other people's money. Well, they have since collected the money anyways. God only knows what they do with the money
Talking and writing from a part-time investor's point of view, I thought, to invest in such a business concept which looks good and promising on paper requires a lot more then your normal 'consideration'. The amount involve might be small but it is still money right? You wanna invest, make sure that your investments will give some returns in the future. If no returns, then that's not investments, that's just ignorant. Hehehehe....
Back to the Red Island Cafe, i do not know whether my friend is still involve in the business but I sure wish him well!! In fact, another friend of mine got involve with this business as well but with a different restaurant/name. Never did I thought that the mamak concept kan do a-MLM....hehehe
Wanna do MLM? Go ahead and make sure you pick the right company. There are thousands out there I think but choose wisely. It's not about making your upline richer but it's about having an oppportunity to better yourself.
Have a nice weekend.
Oh by the way...Gong Xi Fa Chai to everyone.....
Friday, January 29, 2010
Tan Sri Syed Mokhtar....
Syed Mokhtar Story (Biography)
Umur - 53 tahun
Pendidikan - SPM
Mula berniaga - 19 tahun (jual beli lembu dan kerbau)
Kekayaan -RM1,425 juta
Ke 7 terkaya di Malaysia
Ke 32 terkaya di Asia Tenggara (Forbes)
Antara syarikat miliknya - MMC, Pelabuhan Tg. Pelepas,
BERNAS, Gardenia, DRB-HICOM dan Bank Muammalat
Kereta - Proton Perdana
Sumbangan sosial -Yayasan Al-Bukhary, institusi pengajian untuk 3,000 pelajar, Muzium Kesenian Islam, Kompleks Al-Bukhary, menaja kelas tuisyen untuk pelajar Melayu, pengindahan Masjid Negara, sumbangan RM1 juta untuk Tabung Tsunami dan menaja setiap tahun penghantaran rakyat Malaysia yang tak mampu untuk tunaikan haji.
BAGAIMANA sumbangan sosialnya bermula - Bila mana ibunya menyuruh memberikan sebahagian elaun (RM750.00) pertamanya sebagai pengarah syarikat beras kepada jiran yang susah. Sebahagian lagi (RM750.00) ibunya simpan. Selain itu, ibunya juga menyuruh beliau menghantar lampu kerosen ke surau-surau untuk menerangi kegiatan sepanjang malam bulan Ramadhan. Dari situ bermulalah pembentukan peribadi dan pemikiran Syed Mokhtar yang kita kenali hari ini.
1. Ada sebab kenapa saya bekerja seperti tiada hari esok. Agenda sosial dan kerja-kerja kemasyarakatan itulah antara sebabnya. Saya mahu meninggalkan warisan untuk anak bangsa yang kekal berpanjangan.
2. (Berkenaan know who) Bangsa lain tak mengapa tapi orang Melayu kena berdamping dengan orang politik sedikit-sedikit. Tapi masalahnya kita tidak mahu melalui kesusahan; banyak yang mahu senang dengan mendampingi orang politik semata-mata.
3. Tiada apa-apa rahsia. Saya ini hamba Allah biasa, budak dangau macam saudara semua juga. Tuhan jadikan manusia ini sama sahaja. Proses kematangan saya yang membezakannya. Saya percaya sesiapa pun boleh menjadi apa sahaja asalkan mereka berusaha dengan tekun. Tetapi tentulah ia memakan masa. Tiada jalan singkat.
4. Saya mengenali kekuatan dan kelemahan saya. Apa yang tidak mampu buat saya akan minta orang lain tengok-tengokkan. Saya melalui jalan yang susah tapi itulah jalan yang kekal.
5. Kita perlu menggunakan kepakaran mereka (bangsa Cina) kerana mereka jauh lebih maju dan mahir daripada kita. Apa yang kita kurang faham kita berkongsi dengan tujuan untuk belajar dengan mereka. Apabila sudah faham baru kita boleh menjaga kepentingan kita.
6. Saya sedih melihat sistem sekolah pondok di Kedah. Saya ada cita-cita mahu memodenkan sekolah pondok. Kita kena maju.
7. Saya terlibat dalam perniagaan ini kerana saya tiada pilihan lain.
8. Untuk memajukan perniagaan, memang kena banyak sabar dan kuat berusaha.
9. Tidak ada jalan singkat. Saya belajar tentang perniagaan ini sejak kecil lagi dan saya juga biasa kena tipu.
10. Saya pun suka kemewahan. Saya pun suka tengok dunia, ke Tokyo, New York dan London. Saya pun suka pakai baju elok. Tapi kita hendak bermewah setakat mana, hendak pakai baju banyak mana, hendak tidur dalam berapa rumah satu malam, hendak makan pun sampai larat mana?
11. Dalam hidup ini kita sebenarnya tidak ada status; ada masa diatas, ada masa di bawah.
12. Ketika Allah memberikan kemewahan, kita kena turun ke bawah, tengok mana-mana yang boleh dibantu. Allah beri rezeki melalui kita untuk kita tolong orang lain. Rezeki itu bila-bila masa dia boleh ambil balik. Jika ada orang korporat Melayu yang tidak mahu turun ke bawah mungkin kerana bayangan duit itu lebih kuat daripada yang lain.
13. Korporat Cina turun ke bawah membantu. Orang Cina ada pelbagai persatuan. Kita tidak ada; kalau ada pun berpecah. Orang Melayu kita tidak mahu bekerjasama kerana perasaan dengki menguasai diri. Sudahlah tak mahu berusaha, apabila orang lain berusaha mereka marah.
14. Rezeki yang ada itu sebenarnya untuk orang lain. Memang dari segi hukum pun begitu. Kita kena keluar zakat dan fitrah. Tetapi zakat fitrah banyak mana sangat. Islam agama yang adil; ia minta sedikit saja. Oleh itu, kalau ada duit yang lebih ia seharusnya dibelanjakan dengan baik.
15. Saya tak kisah kalau saya tak buat semua ini. Saya boleh tak buat apa-apa dan balik ke Alor Star. Tetapi saya rasa hidup ini sia-sia. Orang Kedah kata kalau mati nanti mata tidak tutup rapat kerana tanggungjawab depan mata kita tidak buat. Orang lain ambil kekayaan kita, ambil hak kita dan pergunakan kita, kita masih tidak buat apa-apa !
16. Saya ada emotional attachment kepada agama, bangsa dan ummah. Saya bukan individualistik. Diri saya tidak penting. Pangkat dan gelaran ini kepada saya tidak mustahak.
17. Saya sedih media tonjolkan saya begini. Saya malu kerana orang Cina kaya beratus-ratus kali ganda daripada saya. Tapi saya tahu orang Melayu kalau hendak berjaya kena kerja kuat tidak kira siang malam. Kita ada kekuatan yang Tuhan beri melebihi daripada bangsa lain. Tetapi untuk maju kita perlu berusaha.
18. Saya asal daripada tidak ada apa-apa. Apa yang saya tidak tahu saya belajar, minta tolong daripada orang. Saya tidak malu. Saya bukannya mencuri. Saya usaha sendiri. Sikap pemalas dan pemalu ini yang orang Melayu kena atasi. Kita kena berani kerana benar. Apabila kita dapat keuntungan dan rezeki lebih, bolehlah kita menolong orang.
19. Kaya itu bukanlah kepada diri sendiri. Kaya itu adalah kepada kumpulan perniagaan ini, kepada bangsa dan kepada orang ramai. Saya hanya memegangnya untuk sementara sahaja.
20. Saya tiada keinginan untuk menyimpan kekayaan ini untuk anak dan isteri. Duit ini tidak akan kekal. Saya percaya hanya perkara yang baik yang kita lakukakan akan kekal. Bukan duit yang akan melindungi saya nanti tapi apa yang saya lakukan sekarang.
21. Saya perlu terus mencari peluang dan perniagaan lain supaya kita terus dapat bantu orang lain mengembangkan diri masing-masing. Saya bukan buat semua ini untuk diri saya semata-mata.
22. Ada juga yang saya usaha tapi tak dapat dan orang tak tahu. Apa yang saya dapat itu yang jadi masalah kononnya Syed Mokhtar sapu semua. Bangsa lain memegang pelbagai kepentingan dalam ekonomi, siapa pun tak kata apa. Ini masalah orang Melayu. Di kampung orang Melayu berpecah kerana politik, di bandar berpecah kerana ini (wang).
23. Saya percaya kalau rezeki itu Allah beri kepada saya ia bukan untuk saya tetapi untuk orang ramai juga. Orang tidak tahu banyak syarikat yang saya ada ini gagal dan tidak maju kepada saya tetapi orang tidak tahu.
24. Banyak orang percaya bahawa dia mesti ada RM10 juta atau RM20 juta dalam tangan baru hidup boleh selamat. Ini yang menyebabkan mereka hanyut daripada menolong orang lain. Mereka lebih takutkan diri sendiri. Mereka lupa bahawa kekayaan tidak boleh membantu selama-lamanya.
25. Orang kata saya takda duit tapi banyak hutang. Orang berniaga mana yang tak berhutang. Tapi mesti tahu bagaimana hendak meminjam dan membayarnya semula. Ada cara boleh kita buat. Tapi sebelum berhutang RM100 juta mesti sudah fikir bagaimana hendak membayarnya balik. Mesti ada tanggungjawab. Banyak orang mahu senang tapi tidak ramai yang mahu bertanggungjawab.
26. (Perasaan setiap kali mendapat rezeki). Saya ini kata orang Kedah, lebai kodok bukan lebai pondok. Tapi saya tahu hal-hal asas. Kalau mahu saya minta terus dari Tuhan. Tuhan beri manusia akal dan fikiran. Kalau hendak pakai baju dan seluar biarlah padan dengan badan.
27. Kesenangan yang saya perolehi ini datang dengan tanggungjawab (bila pinjam bayar balik dan buat amal jariah). Kalau hendak dibandingkan dengan bangsa lain, perniagaan saya ini tidak ada apa. Tetapi walaupun sedikit tetapi yang sedikit itu ada berkatnya.
28. Saya suka kalau nikmat sedikit yang saya dapat itu orang lain boleh berkongsi sama.
29. Saya kadang-kadang kecewa dan sedih melihat anak orang alim yang sesetengahnya lupa diri setelah mendapat kekayaan. Saya pun sama seperti orang lain suka hendak ke luar negara tetapi kita tidak boleh lupa kubur kita dan asal usul kita. Di kampung kita mungkin ada jiran-jiran yang perlukan bantuan.
30. ……kalau tidak mungkin saya sudah ke Haatyai dan jadi nakal. Saya manusia yang banyak buat kesilapan. Tetapi saya insaf, beristighfar dan jalan lagi. Sejak awal saya ada kesedaran mahu mengekalkan hak kita sebagai orang Melayu.
31. Saya kata kepada diri sendiri kalau kerana itu saya terpaksa bersusah sedikit pun tidak mengapa.
32. Kekayaan ini Tuhan beri kepada saya untuk saya menolong orang lain pula. Saya percaya kepada keberkatan rezeki. Hari ini kita tolong orang, esok lusa orang akan tolong kita pula dengan cara yang lain.
33. Kalaupun tidak sanggup tunggu 34 tahun seperti saya berilah sedikit masa untuk faham selok belok perniagaan, Insya Allah boleh maju.
34. Kita jangan cepat putus asa. Putus asa boleh tapi kena cepat-cepat kuatkan semula semangat untuk bangkit balik. Jangan jadikan agama hanya satu tempat untuk kita bergantung apabila kita susah. Tanggungjawab ibadah adalah tugas seharian.
35. Lifestyle ? Saya tidak ada lifestyle yang kena masuk kelab sana dan sini. Tapi tak semestinya saya tidak boleh turun ke kelab. Orang Melayu kalau hendak ke depan mesti ada cara hidup yang fleksibel, boleh naik dan turun.
36. Lifestyle ini sebenarnya satu penyakit. Saya biasa pakai Mercedes tapi sekarang saya pakai Proton Perdana untuk sokong kereta nasional. Kereta itu pun cukup untuk bawa saya ke mana-mana.
37. Tiada sebab orang kenapa Melayu tidak boleh maju. Ini saya berani perang dengan sesiapa pun. Orang Melayu boleh maju. Kalau saudara jadi wartawan saudara kena tanam semangat suatu hari nanti mahu ambil alih akhbar ini. Tidak ada sebab kenapa ia tidak boleh berlaku.
38. Kejayaan dan kelemahan orang Melayu bukan disebabkan oleh bangsa kita dan agama kita. Ia berkait dengan sikap dan cara kita berfikir. Gigih, tekun dan tidak mudah putus asa merupakan kunci kejayaan kita. Tapi perkara ini kurang wujud dalam cara orang Melayu berfikir.
39. Tuhan memberi peluang kepada siapa saja yang bekerja kuat. Apa yang ada pada saya ini hanya usaha. Kalau anak dangau macam saya boleh, tidak ada sebab orang lain terutama mereka yang dari pekan tidak boleh.
40. Kita tidak usahlah selalu mengulang-ulang perkara yang boleh memberikan kesan psikologi negatif kepada orang Melayu (kereta dan rumah besar). Kita kena kurangkan bercakap tentang kereta besar dan rumah besar. Sesiapa pun mahu pakai kereta mewah tapi bukan itu matlamatnya.
41. Orang Melayu sebenarnya kena membantu diri sendiri, kena bekerja keras dan fokus.
42. Sikap merendah diri perlu sentiasa ada dalam diri seseorang walau setinggi mana pun kejayaan dicapai.
43. Apa yang saya buat ini (kerja-kerja sosial) semuanya bermula daripada didikan orang tua saya sendiri.
44. Saya sendiri berhutang sambil berniaga dan buat sumbangan amal jariah. Saya tak mahu tunggu hutang habis baru hendak buat semua ini. Saya takut kalau hutang habis saya pun mati dan apa pun tak sempat saya buat.
45. Saya biasa saja. Hidup saya tidak berubah, dari dulu beginilah. Saya terima apa saja nikmat yang diberikan oleh Allah. Tidak ada segelas air, ada setengah gelas pun saya bersyukur.
46. Kalau kerana sedikit bantuan itu mereka lulus peperiksaan dan hidup mereka menjadi lebih baik, saya sudah gembira. Saya tidak boleh buat banyak. Alhamdulillah, lebih baik buat sedikit daripada tidak buat langsung.
47. Saya tiada minat untuk beli kapal layar atau kapal terbang. Saya fikir kalau saya beli sesuatu biarlah orang ramai boleh pakai. Saya suka kalau saya beli sesuatu yang mahal, biarlah orang ramai boleh pakai.
48. Saya gembira dapat membantu. Saya mahu orang lain merasai (kesenangan) apa yang saya pernah rasa. Saya tahu bagaimana perasaanya. Saya kata kepada diri saya, apa yang saya dapat saya mesti beri orang lain merasainya sama. Jangan beri kurang, lebih tak mengapa. Itu yang membuat hati saya seronok.
49. Saya rasa saya ingin menyumbang lebih daripada ini. Saya kata kepada kawan-kawan ini baru warm-up saja; kita belum berjalan lagi. Saya rasa kita terlalu banyak ketinggalan.
50.Kalau pun tak mahu membantu orang melayu, lebih lebih lagi Islam jangan lah kita tergolong atau bertanggung jawab menyumbang pada pembunuhan kegiatan amal orang melayu dan Islam.
Umur - 53 tahun
Pendidikan - SPM
Mula berniaga - 19 tahun (jual beli lembu dan kerbau)
Kekayaan -RM1,425 juta
Ke 7 terkaya di Malaysia
Ke 32 terkaya di Asia Tenggara (Forbes)
Antara syarikat miliknya - MMC, Pelabuhan Tg. Pelepas,
BERNAS, Gardenia, DRB-HICOM dan Bank Muammalat
Kereta - Proton Perdana
Sumbangan sosial -Yayasan Al-Bukhary, institusi pengajian untuk 3,000 pelajar, Muzium Kesenian Islam, Kompleks Al-Bukhary, menaja kelas tuisyen untuk pelajar Melayu, pengindahan Masjid Negara, sumbangan RM1 juta untuk Tabung Tsunami dan menaja setiap tahun penghantaran rakyat Malaysia yang tak mampu untuk tunaikan haji.
BAGAIMANA sumbangan sosialnya bermula - Bila mana ibunya menyuruh memberikan sebahagian elaun (RM750.00) pertamanya sebagai pengarah syarikat beras kepada jiran yang susah. Sebahagian lagi (RM750.00) ibunya simpan. Selain itu, ibunya juga menyuruh beliau menghantar lampu kerosen ke surau-surau untuk menerangi kegiatan sepanjang malam bulan Ramadhan. Dari situ bermulalah pembentukan peribadi dan pemikiran Syed Mokhtar yang kita kenali hari ini.
1. Ada sebab kenapa saya bekerja seperti tiada hari esok. Agenda sosial dan kerja-kerja kemasyarakatan itulah antara sebabnya. Saya mahu meninggalkan warisan untuk anak bangsa yang kekal berpanjangan.
2. (Berkenaan know who) Bangsa lain tak mengapa tapi orang Melayu kena berdamping dengan orang politik sedikit-sedikit. Tapi masalahnya kita tidak mahu melalui kesusahan; banyak yang mahu senang dengan mendampingi orang politik semata-mata.
3. Tiada apa-apa rahsia. Saya ini hamba Allah biasa, budak dangau macam saudara semua juga. Tuhan jadikan manusia ini sama sahaja. Proses kematangan saya yang membezakannya. Saya percaya sesiapa pun boleh menjadi apa sahaja asalkan mereka berusaha dengan tekun. Tetapi tentulah ia memakan masa. Tiada jalan singkat.
4. Saya mengenali kekuatan dan kelemahan saya. Apa yang tidak mampu buat saya akan minta orang lain tengok-tengokkan. Saya melalui jalan yang susah tapi itulah jalan yang kekal.
5. Kita perlu menggunakan kepakaran mereka (bangsa Cina) kerana mereka jauh lebih maju dan mahir daripada kita. Apa yang kita kurang faham kita berkongsi dengan tujuan untuk belajar dengan mereka. Apabila sudah faham baru kita boleh menjaga kepentingan kita.
6. Saya sedih melihat sistem sekolah pondok di Kedah. Saya ada cita-cita mahu memodenkan sekolah pondok. Kita kena maju.
7. Saya terlibat dalam perniagaan ini kerana saya tiada pilihan lain.
8. Untuk memajukan perniagaan, memang kena banyak sabar dan kuat berusaha.
9. Tidak ada jalan singkat. Saya belajar tentang perniagaan ini sejak kecil lagi dan saya juga biasa kena tipu.
10. Saya pun suka kemewahan. Saya pun suka tengok dunia, ke Tokyo, New York dan London. Saya pun suka pakai baju elok. Tapi kita hendak bermewah setakat mana, hendak pakai baju banyak mana, hendak tidur dalam berapa rumah satu malam, hendak makan pun sampai larat mana?
11. Dalam hidup ini kita sebenarnya tidak ada status; ada masa diatas, ada masa di bawah.
12. Ketika Allah memberikan kemewahan, kita kena turun ke bawah, tengok mana-mana yang boleh dibantu. Allah beri rezeki melalui kita untuk kita tolong orang lain. Rezeki itu bila-bila masa dia boleh ambil balik. Jika ada orang korporat Melayu yang tidak mahu turun ke bawah mungkin kerana bayangan duit itu lebih kuat daripada yang lain.
13. Korporat Cina turun ke bawah membantu. Orang Cina ada pelbagai persatuan. Kita tidak ada; kalau ada pun berpecah. Orang Melayu kita tidak mahu bekerjasama kerana perasaan dengki menguasai diri. Sudahlah tak mahu berusaha, apabila orang lain berusaha mereka marah.
14. Rezeki yang ada itu sebenarnya untuk orang lain. Memang dari segi hukum pun begitu. Kita kena keluar zakat dan fitrah. Tetapi zakat fitrah banyak mana sangat. Islam agama yang adil; ia minta sedikit saja. Oleh itu, kalau ada duit yang lebih ia seharusnya dibelanjakan dengan baik.
15. Saya tak kisah kalau saya tak buat semua ini. Saya boleh tak buat apa-apa dan balik ke Alor Star. Tetapi saya rasa hidup ini sia-sia. Orang Kedah kata kalau mati nanti mata tidak tutup rapat kerana tanggungjawab depan mata kita tidak buat. Orang lain ambil kekayaan kita, ambil hak kita dan pergunakan kita, kita masih tidak buat apa-apa !
16. Saya ada emotional attachment kepada agama, bangsa dan ummah. Saya bukan individualistik. Diri saya tidak penting. Pangkat dan gelaran ini kepada saya tidak mustahak.
17. Saya sedih media tonjolkan saya begini. Saya malu kerana orang Cina kaya beratus-ratus kali ganda daripada saya. Tapi saya tahu orang Melayu kalau hendak berjaya kena kerja kuat tidak kira siang malam. Kita ada kekuatan yang Tuhan beri melebihi daripada bangsa lain. Tetapi untuk maju kita perlu berusaha.
18. Saya asal daripada tidak ada apa-apa. Apa yang saya tidak tahu saya belajar, minta tolong daripada orang. Saya tidak malu. Saya bukannya mencuri. Saya usaha sendiri. Sikap pemalas dan pemalu ini yang orang Melayu kena atasi. Kita kena berani kerana benar. Apabila kita dapat keuntungan dan rezeki lebih, bolehlah kita menolong orang.
19. Kaya itu bukanlah kepada diri sendiri. Kaya itu adalah kepada kumpulan perniagaan ini, kepada bangsa dan kepada orang ramai. Saya hanya memegangnya untuk sementara sahaja.
20. Saya tiada keinginan untuk menyimpan kekayaan ini untuk anak dan isteri. Duit ini tidak akan kekal. Saya percaya hanya perkara yang baik yang kita lakukakan akan kekal. Bukan duit yang akan melindungi saya nanti tapi apa yang saya lakukan sekarang.
21. Saya perlu terus mencari peluang dan perniagaan lain supaya kita terus dapat bantu orang lain mengembangkan diri masing-masing. Saya bukan buat semua ini untuk diri saya semata-mata.
22. Ada juga yang saya usaha tapi tak dapat dan orang tak tahu. Apa yang saya dapat itu yang jadi masalah kononnya Syed Mokhtar sapu semua. Bangsa lain memegang pelbagai kepentingan dalam ekonomi, siapa pun tak kata apa. Ini masalah orang Melayu. Di kampung orang Melayu berpecah kerana politik, di bandar berpecah kerana ini (wang).
23. Saya percaya kalau rezeki itu Allah beri kepada saya ia bukan untuk saya tetapi untuk orang ramai juga. Orang tidak tahu banyak syarikat yang saya ada ini gagal dan tidak maju kepada saya tetapi orang tidak tahu.
24. Banyak orang percaya bahawa dia mesti ada RM10 juta atau RM20 juta dalam tangan baru hidup boleh selamat. Ini yang menyebabkan mereka hanyut daripada menolong orang lain. Mereka lebih takutkan diri sendiri. Mereka lupa bahawa kekayaan tidak boleh membantu selama-lamanya.
25. Orang kata saya takda duit tapi banyak hutang. Orang berniaga mana yang tak berhutang. Tapi mesti tahu bagaimana hendak meminjam dan membayarnya semula. Ada cara boleh kita buat. Tapi sebelum berhutang RM100 juta mesti sudah fikir bagaimana hendak membayarnya balik. Mesti ada tanggungjawab. Banyak orang mahu senang tapi tidak ramai yang mahu bertanggungjawab.
26. (Perasaan setiap kali mendapat rezeki). Saya ini kata orang Kedah, lebai kodok bukan lebai pondok. Tapi saya tahu hal-hal asas. Kalau mahu saya minta terus dari Tuhan. Tuhan beri manusia akal dan fikiran. Kalau hendak pakai baju dan seluar biarlah padan dengan badan.
27. Kesenangan yang saya perolehi ini datang dengan tanggungjawab (bila pinjam bayar balik dan buat amal jariah). Kalau hendak dibandingkan dengan bangsa lain, perniagaan saya ini tidak ada apa. Tetapi walaupun sedikit tetapi yang sedikit itu ada berkatnya.
28. Saya suka kalau nikmat sedikit yang saya dapat itu orang lain boleh berkongsi sama.
29. Saya kadang-kadang kecewa dan sedih melihat anak orang alim yang sesetengahnya lupa diri setelah mendapat kekayaan. Saya pun sama seperti orang lain suka hendak ke luar negara tetapi kita tidak boleh lupa kubur kita dan asal usul kita. Di kampung kita mungkin ada jiran-jiran yang perlukan bantuan.
30. ……kalau tidak mungkin saya sudah ke Haatyai dan jadi nakal. Saya manusia yang banyak buat kesilapan. Tetapi saya insaf, beristighfar dan jalan lagi. Sejak awal saya ada kesedaran mahu mengekalkan hak kita sebagai orang Melayu.
31. Saya kata kepada diri sendiri kalau kerana itu saya terpaksa bersusah sedikit pun tidak mengapa.
32. Kekayaan ini Tuhan beri kepada saya untuk saya menolong orang lain pula. Saya percaya kepada keberkatan rezeki. Hari ini kita tolong orang, esok lusa orang akan tolong kita pula dengan cara yang lain.
33. Kalaupun tidak sanggup tunggu 34 tahun seperti saya berilah sedikit masa untuk faham selok belok perniagaan, Insya Allah boleh maju.
34. Kita jangan cepat putus asa. Putus asa boleh tapi kena cepat-cepat kuatkan semula semangat untuk bangkit balik. Jangan jadikan agama hanya satu tempat untuk kita bergantung apabila kita susah. Tanggungjawab ibadah adalah tugas seharian.
35. Lifestyle ? Saya tidak ada lifestyle yang kena masuk kelab sana dan sini. Tapi tak semestinya saya tidak boleh turun ke kelab. Orang Melayu kalau hendak ke depan mesti ada cara hidup yang fleksibel, boleh naik dan turun.
36. Lifestyle ini sebenarnya satu penyakit. Saya biasa pakai Mercedes tapi sekarang saya pakai Proton Perdana untuk sokong kereta nasional. Kereta itu pun cukup untuk bawa saya ke mana-mana.
37. Tiada sebab orang kenapa Melayu tidak boleh maju. Ini saya berani perang dengan sesiapa pun. Orang Melayu boleh maju. Kalau saudara jadi wartawan saudara kena tanam semangat suatu hari nanti mahu ambil alih akhbar ini. Tidak ada sebab kenapa ia tidak boleh berlaku.
38. Kejayaan dan kelemahan orang Melayu bukan disebabkan oleh bangsa kita dan agama kita. Ia berkait dengan sikap dan cara kita berfikir. Gigih, tekun dan tidak mudah putus asa merupakan kunci kejayaan kita. Tapi perkara ini kurang wujud dalam cara orang Melayu berfikir.
39. Tuhan memberi peluang kepada siapa saja yang bekerja kuat. Apa yang ada pada saya ini hanya usaha. Kalau anak dangau macam saya boleh, tidak ada sebab orang lain terutama mereka yang dari pekan tidak boleh.
40. Kita tidak usahlah selalu mengulang-ulang perkara yang boleh memberikan kesan psikologi negatif kepada orang Melayu (kereta dan rumah besar). Kita kena kurangkan bercakap tentang kereta besar dan rumah besar. Sesiapa pun mahu pakai kereta mewah tapi bukan itu matlamatnya.
41. Orang Melayu sebenarnya kena membantu diri sendiri, kena bekerja keras dan fokus.
42. Sikap merendah diri perlu sentiasa ada dalam diri seseorang walau setinggi mana pun kejayaan dicapai.
43. Apa yang saya buat ini (kerja-kerja sosial) semuanya bermula daripada didikan orang tua saya sendiri.
44. Saya sendiri berhutang sambil berniaga dan buat sumbangan amal jariah. Saya tak mahu tunggu hutang habis baru hendak buat semua ini. Saya takut kalau hutang habis saya pun mati dan apa pun tak sempat saya buat.
45. Saya biasa saja. Hidup saya tidak berubah, dari dulu beginilah. Saya terima apa saja nikmat yang diberikan oleh Allah. Tidak ada segelas air, ada setengah gelas pun saya bersyukur.
46. Kalau kerana sedikit bantuan itu mereka lulus peperiksaan dan hidup mereka menjadi lebih baik, saya sudah gembira. Saya tidak boleh buat banyak. Alhamdulillah, lebih baik buat sedikit daripada tidak buat langsung.
47. Saya tiada minat untuk beli kapal layar atau kapal terbang. Saya fikir kalau saya beli sesuatu biarlah orang ramai boleh pakai. Saya suka kalau saya beli sesuatu yang mahal, biarlah orang ramai boleh pakai.
48. Saya gembira dapat membantu. Saya mahu orang lain merasai (kesenangan) apa yang saya pernah rasa. Saya tahu bagaimana perasaanya. Saya kata kepada diri saya, apa yang saya dapat saya mesti beri orang lain merasainya sama. Jangan beri kurang, lebih tak mengapa. Itu yang membuat hati saya seronok.
49. Saya rasa saya ingin menyumbang lebih daripada ini. Saya kata kepada kawan-kawan ini baru warm-up saja; kita belum berjalan lagi. Saya rasa kita terlalu banyak ketinggalan.
50.Kalau pun tak mahu membantu orang melayu, lebih lebih lagi Islam jangan lah kita tergolong atau bertanggung jawab menyumbang pada pembunuhan kegiatan amal orang melayu dan Islam.
Friday, February 6, 2009
Is it true??
Ok, here goes. Let's say that I purchased a property of about RM100,000. Take away the 10% deposit, I'm left with RM90,000. Correct? So I what I need to do is to take a loan of RM90k from the bank. Let's assume the bank will give us a rate of 4.55% BLR-1.95%. Hence, for a RM90k loan, (let's assume that I'm 30) I will need to fork out a monthly payment of about RM460 for the next 360 months (30 years).
In short, I'll be paying the RM460 per month for the next 360 months to service the loans. That's like RM460x12=RM5520 per year. Let's total it up. RM460x360=RM165,600. Hrrrmm....from that loan of RM90k, the bank makes a profit of about RM75k...
Ok now, what if, I decide to change the method of payment a bit. Instead of paying RM460 per month (one time payment), I pay the bank twice per month. Huh?? For what? Hrmm...Let's calculate. We divide RM460 into 2 payments. RM460/2=RM230. Let's pay RM230 on the 1st day of the month and another RM230 on the 15th day of the month. In short, I'm paying the bank once in every 2 week.
Ok...for one year, we have 52 weeks right? So basically we have about 26 times of payment (52/2). So, 26 x RM230= RM5,980. Huh!! I'm paying more isn't it? Why would I wanna do this? Is it true that I can finish off paying the loans earlier? In theory, I'll be able to finish off paying the loan on the 27.69th year ( About 3 years earlier than the loan agreement).
What about the interest? Hrmmm......................Is it true that I can save on the interest as well? Something to ponder on later tonight..........
Have a good weekend
In short, I'll be paying the RM460 per month for the next 360 months to service the loans. That's like RM460x12=RM5520 per year. Let's total it up. RM460x360=RM165,600. Hrrrmm....from that loan of RM90k, the bank makes a profit of about RM75k...
Ok now, what if, I decide to change the method of payment a bit. Instead of paying RM460 per month (one time payment), I pay the bank twice per month. Huh?? For what? Hrmm...Let's calculate. We divide RM460 into 2 payments. RM460/2=RM230. Let's pay RM230 on the 1st day of the month and another RM230 on the 15th day of the month. In short, I'm paying the bank once in every 2 week.
Ok...for one year, we have 52 weeks right? So basically we have about 26 times of payment (52/2). So, 26 x RM230= RM5,980. Huh!! I'm paying more isn't it? Why would I wanna do this? Is it true that I can finish off paying the loans earlier? In theory, I'll be able to finish off paying the loan on the 27.69th year ( About 3 years earlier than the loan agreement).
What about the interest? Hrmmm......................Is it true that I can save on the interest as well? Something to ponder on later tonight..........
Have a good weekend
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