Wednesday, June 4, 2008

Petrol to Cost RM2.70 From Midnight

Yosh!


This is what I got from thestar.com.my:

KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi on Wednesday announced the new price for petrol is RM2.70 a litre, effective midnight tonight.

He announced that the price of petrol would be increased by 78sen and diesel by RM1.

The 40% increase in petrol price is part of the new fuel subsidy plan the Prime Minister announced at 5pm Wednesday.

The price of diesel goes up to RM2.58 from RM1.58.

OMG, is this the Malaysia we deserve?

12 New 'Necessities' that Drain Your Cash $_$

Yosh!

Another interesting article I found in the Internet. In short, they are:

1. Daily latte
2. Cable TV
3. Manicure/pedicure
4. Botox
5. Bottled water
6. Second car
7. Cell phone
8. Law service
9. Clothes
10. Private School
11. Childhood parties
12. Pet grooming/walking

If you want to read further, you can read it here.

Monday, June 2, 2008

8 Rules to Break to Build Wealth $_$

Yosh!

Today I'm going to share with you guys, something interesting that I've found in the internet - 8 Rules to Break to Build Wealth.

In short, the rules that worth breaking are:

1. Have a plan
2. Don't get into debt
3. Have enough money or good credit to invest
4. Try to time market
5. Don't invest in uncharted territory
6. Follow the path your advisers recommend
7. Don't ask for help
8. Avoid mistakes, learn before investing

Full article is located here: 8 Rules to Break to Build Wealth.

Thank you for visiting :)

Saturday, May 31, 2008

Increase Your Financial Literacy $_$

Yosh!

Seems like almost one week I don't update anything in this blog. Well, I was so busy with my forex trading, writing notes on forex trading for my online clients (yeah, now I'm teaching forex online), some family stuff (my family held kenduri doa selamat on Thursday), and what not.

So today I'm going to write about financial literacy. The first time I read about these two words (financial literacy) is when I was reading Robert Kiyosaki's book, if I not mistaken, Rich Kid Smart Kid. Basically it is about knowledge in money management, etc. The higher financial literacy you have, the more money you can make and save - means you can buy more stuff $_$

In my opinion, there are 3 ways to increase your financial literacy:
1. Learn trough your bad experience - maybe you have mountain of credit card debt and then you managed to find a way out, maybe you don't have enough money to start a business but then somehow you still can start it, and anything related to money. When there is financial problem, every time you manage to solve it, that means your financial literacy has increased (whether it is a lot or little, depends on the difficulty of the problem(s).

2. Get a tutor - learn from rich people. But first, please choose the right "rich people". Some people are rich because their parents are rich, some people are rich because they inherited the fortune from someone, some people are rich because they hit the jackpot. Put them in the lowest priority, if you put them in your list. Pick the right "rich people", who become rich, by doing business, who started from zero to hero, who really become rich because of they worked for it. But you know, if you want to learn from them, show them that you really want to learn, show your credibility, etc - usually they are busy with their stuff, so make sure you are not wasting their time.

3. Books - the simplest and easiest way, but still, not many wanna read them. So many titles in the market, just pick the one you like. If you cannot afford to buy, then borrow. You never know which one is working for you unless you read them. The advantage of reading books is you don't need to face all the financial problems and then solve them to increase your financial literacy. You also don't need to find any rich man and convince him that you can be his best apprentice. So this is the simplest way to increase your knowledge.

That's all for today. Remember, before we can spend, we need to earn first $_$