Are You Happy ??

There is happiness when each moment is used in a worthwhile way. Hapiness is such a nourishment that it can transform a person from weak to powerful. It makes difficult things easy, heavy things light. To remain happy and share happiness with others is the greatest act of charity. No matter what happens your happiness should not be lost.

FAITH

When I'm continuously being battered by the storms of life, and my very spirit is ebbing away, then all I need to do is to hang on to that gift called 'FAITH', that one support which will weather out the storms. Faith requires not logic but just belief. Beleiving in the self and the strength that lies within. Faith is the foundation for making the impossible possible.

Investment

3. Property or real estate

An expert in real estate was asked about what to look for when investing in property. His answer : 'location, LOCATION, LOCATION!'.
                                                       

4. Shares

                                                                                            

When you buy shares in a company it means that you are buying a part of the company. In other words you are also one of the owners of the company. You may consider trading ( buying and selling ) in shares of a public-listed company via a remisier. However, the risk are high as the share market trends are unpredictable. Generally speaking, you need to " buy low, sell high " in order to make money.

Investment

2.Unit Trust or Mutual Fund

This is an investment scheme that enables many investors who share the same financial objectives to pool their money to be invested and managed by professional fund managers for mutual benefits.

All unit trusts normally operate on a dual pricing basis whereby investors purchase the units at a selling price and redeem them at the buying or repurchase price.

An important benefits of unit trust is diversification where investors can access a broader range of securities than they could on their own. For the small investors because of their limited resources, unit trusts offer better exposure to the different classes of assets. Even though there is a long-term risk to owning mutual funds, if you invest prudently and for long-term, mutual funds should outperform safer investments like bank deposits or bonds and inflation over time. 

Investment

Invest, Invest, Invest !

There are many types of investments you can make. Let's concentrate more on the common investments found in this country, starting with the safest to the riskiest.  

1. CASH

Investments of such nature include savings accounts and fixed deposits.

The magic of compound interest.

We have all heard of bank interest, so what is the big deal about compound interest? A lot! First of all, what is compound interest? It is interest that earns interest.

For example, if you save RM100.00 with a bank earning an interest rate of 6% per year, after a year, your account will earn:

                                      Interest = interest rate x deposit

                                                       = 0.06 X RM100.00

                                                       = RM6.00

Now your original investment has become RM 100.00 + RM6.00 = RM 106.00. And suppose that new investment of RM 106.00 is deposited for another year at the same interest rate :

                                      Interest = interest rate x deposit

                                                       = 0.06 X RM106.00

                                                       = RM6.36                       

So your deposit has grown, it has become
 RM 106.00 + RM6.36 = RM 112.36.

This is so called Compound Interest.                                           

Manage your Debt

How to Reduce Your Debts ???

Here's what you need to do :

1.  Make a list of all your debts, including the interest rates charged.

2.  Work out the maximum that you can reasonably afford to pay towards you debts each month, setting aside as much as possible to the debts, starting with the highest interest rate then working down to the lowest.

3.  Try to restructure some of your loans and repay some of higher interest debts, especially credit cards, with cheaper loans like housing loans. 

4.  Stop using credit cards or purchasing any item on installment basis. Pay cash only.

5.  If you cannot afford to pay cash for the purchased, forget about it.

6.  Stick closely to your plan no matter what happens. Accept no excuses.

Something to think about..

Action is no less necessary than thought to the instinctive tendencies of the human frame.

- Mahatma Gandhi