tag:blogger.com,1999:blog-80995553722603981392011-11-27T17:04:08.537-08:00Money burp is a financial blog with main motive of enlightening your financial knowledge. You'll surprise by many of the ideas. Money management, financial psychology, investment, business, loan are just some of the topics you can find here.Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.comBlogger211100tag:blogger.com,1999:blog-8099555372260398139.post-76540667895790780702008-12-10T01:44:00.000-08:002008-12-10T02:06:52.571-08:00

(This is a follow up article of “Money.. Money.. Money..” , make sure read it first before you continue. :))Imagine when you wake up in the morning, you are greeted by a butler with a Hacienda la Esmeralda Geisha coffee in his hand. You walk towards the balcony while sipping the wonderful aromatic specially brewed coffee. From the balcony, you could feel the morning breeze softly touch your skin.

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-13328134618298507002008-12-06T22:40:00.000-08:002008-12-09T02:48:39.675-08:00

Welcome to the second ‘Maximizing Your Money’ section. I hope you all learned and utilize something from the 1st article of "Maximize Your Money:Hire Purchase Loan". and apply them to your real life. This time around we are going to look at mortgage or home loan. Before you continue, make sure read the “Back 2 Basic: Mortgage Loan” to get some understanding on how it works.The method to maximize

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com2tag:blogger.com,1999:blog-8099555372260398139.post-20420188287256691192008-12-04T01:52:00.000-08:002008-12-04T02:32:38.152-08:00

Mortgage loan or home loan is the money which you borrow from bank to buy your house. It is the process transfer of interest in a property as a security to the lender. The word mortgage came from Old French word, which means death pledge. The death is actually referring to the end of pledge when the property obligation is fulfilled or is taken away for foreclosure.Compared to ‘Hire Purchase’ loan

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-34500203013405303532008-12-02T19:17:00.000-08:002008-12-04T21:32:55.579-08:00

I always love to talk about hire purchase loan more often because it is the most misunderstood loan in the market. I have seen friends and families who have been making the same mistakes over and over again. I’ll open your eye and show you the right way of managing your hire purchase loan. Before you proceed, go through ‘Back 2 Basic: Hire Purchase Loan’. Now, start your engine and ready to roll

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-82677590151098118722008-11-20T22:00:00.000-08:002008-11-20T22:14:43.148-08:00

1. Q: I fully agree with you that you can be a millionaire with the magic of compounding interest. However I wish to know what are the choices available for us in Malaysia that offers deals with compounding interest other that Unit Trust? -UshaA: There are many other choices to benefit from compounding power. It’s all depending on your risk acceptance level.a) The lowest risk is of course

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-62998201277076191832008-11-19T20:43:00.000-08:002008-11-20T02:53:57.250-08:00

It is many people's dream to able to make tens of thousand every month without sacrificing their time. They would love to spend their time at Hawaii beach, while others are busy sitting in front their PC handling their daily job routine. Many have chosen to trade in high risk high market such as forex, options and futures with a hope to achieve that one dream of not having to work. Yet, many fail

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-66533514986443480402008-11-19T00:33:00.000-08:002008-11-20T21:59:00.837-08:00

I have been receiving some forwarded emails titled, 'EPF 8% Means Paying More Income Tax (For high income group)'. People stop forwarding this type of email and creating panic. Whatever written on it is only half the truth. Here's why?Before I start to explain, lets see what they wrote,"Assume monthly basic salary is RM4000. - If your monthly EPF contribution is 11% ( RM440 ), taxable income

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-9699187069364739492008-11-17T22:00:00.000-08:002008-11-17T22:30:33.969-08:00

Hire purchase loan is a contract which the buyer become the hirer and the bank or financier financing the goods (example: car) become the owner. You’ll be paying installment to the bank for duration as agreed in the contract, while you’ll have the possession of the car, not the ownership. As soon you have finish paying all installment, the ownership will be transferred to you.The concept is, you

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-83134655172442162382008-11-14T20:53:00.000-08:002008-11-14T20:57:25.390-08:00

It has been almost a week since the government announced the reduction of EPF employee contribution from 11% to 8%. Many might be confused of what to do next. Should they accept the new contribution rate of 8% or maintain at 11%. There have many people debating of what to do. Some are pro towards maintaining at 11% and some pro towards accepting 8%. What is my stand? It depends. Let me help to

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com4tag:blogger.com,1999:blog-8099555372260398139.post-623960398839182602008-11-12T18:12:00.001-08:002008-11-13T21:24:25.617-08:00

I just attended a talk on financial IQ and independence several nights ago at Gurney Hotel, Penang. It was a useful talk. Even thou I knew many of them, yet they serve me as a reminder or refresher. There was one thing I disagree with their statement. They said you can never be rich by being employed. The main reason they are saying it because they are promoting some MLM indirectly. It is a

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com5tag:blogger.com,1999:blog-8099555372260398139.post-80672830419690948562008-11-11T00:31:00.000-08:002008-11-11T17:39:24.784-08:00

“Man, I have just lost $10,000”, Alberto was grieving to his friends that he has lost money in the recent stock market turmoil. Not to be left out, Roberto started to tell his sad story, “You know what, that $10,000 is nothing. I have just lost $100,000”. All their friends felt sorry for Roberto. Now the question is who has lost the most.“What silly question is that? Isn’t it’s obvious that

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-5104829576688432008-11-09T20:24:00.000-08:002008-11-09T20:36:23.054-08:00

You have a choice to go clubbing by paying $35 cover charge and feel good for few hoursOR; You have a choice of paying your accumulated interest and feel good that you are going to settle your debt earlier.You have a choice to spend your money on that beautiful $100 dress and feel good for a weekOR; You have a choice of paying taht $100 to reduce your debt and feel good for a better

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com1tag:blogger.com,1999:blog-8099555372260398139.post-79707821616835295182008-11-06T19:58:00.000-08:002008-11-06T22:40:24.094-08:00

In an Asian economic summit, all Asian leader were discussing on what to name the Asian Currency Unit. The current Malaysian Prime Minister, Datuk Seri Abdullah Ahmad Badawi, plan to leave a legacy behind before he step down from his seat in March 2009. So, he proposed the new currency name in his speech."As we all know the US Dollar have a huge amount of influence in the current world economy.

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-27126767878277834992008-11-06T16:46:00.000-08:002008-11-06T17:04:15.570-08:00

“That stupid bank! I applied for loan and they simply reject it”, Clarisa frustrated because her loan application is rejected. She’s worried that she couldn’t get money to renovate her house as she planned. Now, she started to look around for other source of loans.Many would have came through this, and they still confused of why their loan application is rejected. They believe that they are still

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-84771362530465258782008-11-03T16:56:00.000-08:002008-11-03T17:04:10.035-08:00

(Click here for Part 1)Mr. Leemubu, is a humble man. He leads his life comfortably with his wife, Eliza and 2 children, Sam and Dash. Sam is studying engineering in UK, while Dash is studying medicine in Australia. They are staying in a single storey house which is on mortgage and a fully paid compact car. Mr.Leemubu and his wife bring back home $20,000 from their job.Since Mr.Leemubu started to

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com2tag:blogger.com,1999:blog-8099555372260398139.post-48963383033127985582008-11-02T16:49:00.000-08:002008-11-03T17:53:57.808-08:00

Mr. Mubulee is a proud man. He’s proud because he believes he has achieved financial freedom. His favourite word phrase is “I achieved financial freedom because I’m debt free”. He has fully paid for his house. His car and his wife’s are also fully paid. He always pays by cash or cheque. He has 2 children, Stevie, studying medicine in Ukraine and the other, Ronie studying engineering in US.Mr.

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-46915762740266431532008-11-01T02:46:00.000-07:002008-11-02T17:06:08.434-08:00

The title itself would cause a massive controversy in today’s financial planning. Many people only looked at the negative portion of a credit card. That it’s interest rates is too high, uncontrollable usage and even stories of people going bankrupt due to credit cards. Now this article could be an eye opener for those people outside there. Nope, I’m not going to talk about using credit cards in

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com3tag:blogger.com,1999:blog-8099555372260398139.post-88945544001237512572008-10-31T01:18:00.000-07:002008-11-09T16:59:16.503-08:00

I posted this at some group in 2006, and thought it would be a good idea to post it here as it is still useful relevant article. Enjoy my revised 2006 word of wisdom. :pThere are many choices of investment available these days within single click away. Many people never realize what they are putting their money on. They just follow what other people do or advice and in the end lose all their

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-28793176788468180192008-10-29T18:52:00.000-07:002008-10-29T22:36:56.969-07:00

Why money is causing so many problems to people? Is it because money is root of all evil? Is it because it corrupts people’s mind? Is it because money diverts people away from spirituality?The answer is money is not the problem at all. The problem is YOU, YOU & YOU…Yup, that’s the one and only truth. Perhaps, you might have come across many articles and books on personal finance and they all talk

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-22422975256165412012008-10-27T04:44:00.000-07:002008-10-28T20:39:04.797-07:00

Almost every bank today in Malaysia have Islamic financial/banking section. Is the popularity due to the demand of customers or there is some hidden agenda behind it? That's what we are going to look at in this article. Many would be surprise once the truth is revealed.Today we could see many are talking about Malaysia being the No.1 Islamic financial hub in the world. It is something we all

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0tag:blogger.com,1999:blog-8099555372260398139.post-39987071501963114102008-10-26T10:08:00.000-07:002008-10-29T23:37:09.449-07:00

"Hang on there.. Your first posting on money & finance, and you are talking about some bad news already", some impatience readers started to feel restless.. Well, don't worry.. Remember that whenever there is a crisis there is an opportunity. Just open your eye wide and you might be able to see it, sitting right at some corner.. Alright, lets go to the main topic of the day.. Enjoy...Malaysia

Arrivuhttp://www.blogger.com/profile/17704187361199742299noreply@blogger.com0