Maximize Your EPF (KWSP): TO REDUCE YOUR TAX

Majority of us are employed and part of our salary is deducted for EPF contribution.
On top of that, our employer must contribute at least 12% for those who are earning above RM 5,000 and 13% for those who are earning RM 5,000 and below.

With the recent Budget 2016, certain tax brackets have increased. The rest remains the same.

Do you know that there is a way you can reduce your tax by using EPF?

NOTE: This method is only suitable for people who like to save and invest their money. If you are struggling to meet your end every month, this is not for you. It's not for you as well, if you have no confidence in EPF.

THE ANSWER TO REDUCING YOUR TAX USING EPF IS.... (Roll the drum)

"Increase Employer's Contribution to 19%"

How does that saves me money? Is it legal? These were some of the questions I always receive whenever I talk to people. Yes, it is. Some companies already contributing higher EPF. Some contribute 15%. Some 17%.

But, that's not the point. It's by adjusting your salary by reducing it slightly and increasing the Employer's contribution.

Here is how it work?

For simplicity, I'll assume the person have no insurance, never buy books, no kids and so on. He only have a job which pays him, RM 5,000 with normal EPF contribution, which 11%. (His employer will be contributing 13% since he's salary is RM 5,000 and below).

Total Annual Earning	:	RM	60,000
Total Employer Contribution (13%)	:	RM	7,800
Total Taxable Income	:	RM	45,000
Total Tax Payable	:	RM	2,500

Let's see how much he need to pay tax if his employer contributes 19%.
But first, his salary need to be adjusted.

His total monthly salary is RM 5,650 (Inclusive of employer's EPF contribution)

So, by making adjustment his salary would become RM 4,747.90 with his employer contributing
RM 902.10, which will still gives you total salary of RM 5,650.

Total Annual Earning	:	RM	56,974
Total Employer Contribution (19%)	:	RM	10,825
Total Taxable Income	:	RM	41,974
Total Tax Payable	:	RM	2,016

That's a saving of RM 484. The payable has been reduced by almost 20%.

Now, let's say his salary is RM 10,000.

Total Annual Earning	:	RM	120,000
Total Employer Contribution (12%)	:	RM	14,400
Total Taxable Income	:	RM	105,000
Total Tax Payable	:	RM	13,100

Total Annual Earning	:	RM	120,000
Total Employer Contribution (19%)	:	RM	21,458
Total Taxable Income	:	RM	97,941
Total Tax Payable	:	RM	11,467

Now, that's a saving of RM 1,632.

Your overall total salary including employer's contribution is still the same. Isn't this wonderful?

By adjusting your salary and increasing your employer's EPF contribution to 19%, you could reduce tax and increase your savings in EPF. You would see a bigger difference if you belongs to higher tax brackets.

Can employer's contribute more than 19%?
Yes, they can. But, it would be disadvantages to the employer as anything beyond 19% can't be deducted as expenses.

So, what are you waiting for? Go talk to your finance or HR now.
The only problem would be, they might not be aware of such things and would show their blur faces to you. Only very few companies are aware of this. Good luck negotiating with them.

POTENTIAL RETURN OF UP TO 1,000% - LOOKING FOR INVESTORS

I'm not kidding. I have a business which could give return between guaranteed 20% per month all the way up too 1,000% per year.

I just discovered an irresistable investment opportunity. It have the potential of getting guranteed 20% return per month.

Yes, no kidding. 20% per month with compounding interest, that's 290% per annum.

The best part is, if you are the primary investors, you can gain at least 1,000% per annum with no upper limit.

So, what is this amazing discovery which could give such return.

"PLEASE READ THE DISCLAIMER SOMEWHERE AT THE BOTTOM BEFORE YOU PROCEED TO INVEST IN IT"

It's the discovery of next generation energy source, C₁₈₈₈H₈₈₈O₈NS, or better known as the "SUPER COAL".

Why is this important? 40% of world's energy is generated by using coals. 69% of China's electricity comes from coals and 46% of electricity generated in the United States of America comes from coal. Every year, 8 billions of coals are used worldwide. And SUPER COAL is about to change the world's energy matrix.

Supercoal is more effecient and could produce energy 100 times the energy of a normal coal. This would help to reduce the overall cost of energy productions, by almost 80% of the cost. This was published in the Society of Energy Research & Development 2013 journal.

Super coal used to be very rare type of coal only, where for everyone 1,000,000 tonnes of coals mined, only 0.1 tonnes are super coal. Until recently, a huge deposit of Super Coal was found at Punjab, India. Yes, 90% of the coals are Super Coal.

So, all energy companies are rushing to use Super Coal instead of the normal coals. Even, the European Union is recommending the usage of Super Coal instead as it is more environmental friendly. Less carbon emission and footprint. The EU are in discussion to make it compulsary to use the Super Coal.

The good news is the Super Energy Pte Ltd (which I am part of it) have secured the Super Coal mining rights from the government of Punjab state and have leased the land for 20 years.

Here's the problem, we are short of fund and refused to collabrate with giant energy companies such as Shell and Chevron. As this giants would try to manipulate the markets and only the rich will get richer. Instead we would like to offer to the public to invest in us.

We are looking for 2 type of investor. The primary and secondary investors.

Primary Investors.

We will need an initial investment of USD 1 Million. This money will be mainly used for capital expenditures, such as mining machines and tools. This is where you will become our primary investors. The minimum investment for primary investors is USD 1 Million. Som we only need one primary investor. You, as the primary investor have the potential of earning 1,000% return in a year.

Secondary Investors.

Now, for the secondary investors, we need you for the day to day operational expenses in mining the supercoal. The cost of mining 1 tonne of Super Coal is USD 10. The minimum investment is USD 1,000. This will enable us  to mine 100 tonnes of Super Coal per month.

Yes, your money will be rolled back month to month as we already have buyers waiting for the Super Coal. So, we would be able to sell within a month. But, due to the extreme beaucratic nature of the India governement, we would be only able to release the profit once every 6 months. Your capital will be used to roll month to month mining and giving you at least 20% guaranteed return.

So, at the end of 6th month, you would be able to withdraw both your capital and profits of 120%. Or reinvest your money for 1 year which would give you an additional bonus of 20% at end of  every one year of investment.

You'll be a MILLIONAIRE within 5 YEARS!

You can also earn by introducing new members to invest with us. A very good incentives system has been created for bringing us new investments.

For each new members sign up under you, you'll get 25%. Yes, you'll get back 100% of your money just by signing up 4 people under you.

Not just that, you'll get 5% riding income up to 4 level depth not including the one under you.

Here's an example of potential earning from members recruitment:

(Click The Above Image To Enlarge)

Yes, you can earn thousand of US Dollar even passively whenver a new member joins under your network..

There are also another bonus called MEGA LEG BONUS. If one of your leg's total investment (not including re-investment) reach USD 100,000. We would reward you with USD 50,000. So, for every leg of USD 100,000, you will get USD 50,000. So, start bulding your network. Help your friends and family to build their network as well. Note: Terms and condition applies.

How we would be able to give such huge amount of returns? That's because the market price of Super Coal is USD 500 per tonne. The cost of producing it is only USD 10 per tonne, and that USD 10 is your money which you just invested. We still need to share the profits with our primary investors who trusted us to invest millions.

IT'S AN ONCE IN YOUR LIFETIME INVESTMENT OPPORTUNITY!!!

Special Note for Primary Investors! Secondary Investors, PLEASE DONT READ!

You, the primary investor, just between us, there's no such thing as Super Coal. But, I promise the return potential of 1000% or even more. Our share deal would be 70:30, where 70% is yours.
Here's how we are going to earn money. Please refer to the table below (Click it to enlarge).

The final profit we could earn from secondary investors are massive. We would be paying those returns of 120% every 6th month.

But, afraid not. There would be 4 type of secondary investors.

1. They'll let the money to roll. (We love this type of people)
2. They'll withdraw the profit and let the principal to roll.
3. They'll withdraw everything.
4. They'll top-up more money. (Another people we love the most)

About 70% belongs to the 1st and 4th category. After deducting those payments given to Type 2 and Type 3, we could still bag in a profit of USD 800 Million, with 70% profit sharing, that would mean USD 560,000,000 for you.

That's a pure profit of 5600% in 3 to 5 years.

We expect this business will run for 3 - 5 years before it folds down. Your initial investment of 10 Million Dollar will be used to cover the initial return which need to be paid to the secondary investors. There would be many sceptical investors. Once they could see the profits can be withdrawn, they will have more confidence in us and starts to invest more and recruit more members.

So, primary investors, let's play the game. Welcome aboard!

-------------------------------------------------

DISCLAIMER: The above article is written to show people how scam works and how they could pay you a lot and yet they scammers could make hundreds of millions and even billions of US Dollar (Or Ringgit). I'm not looking for any investors to execute the plan above.

In the above article or illustration, the first 350,000 people would have gotten back their earning as long they manage to withdraw their money. It's the last 1 Million people's money which would be lost forever.

Please read: Scam 101: Big Devil vs Little Devils (For better understanding how some of the 1st 350,000 so called investors are very selfish people.)

The above plan could in fact last much longer than 5 years by adjusting the returns. For example, the Madoff scam lasted for almost 18 years, because his rate of return was on about 20% per year. The above is 20% per month.

Please read: 7 Things You Don't Know About Scam to understand more about scam.

The reason I'm writing a lot about scam is because so many innocent people are being cheated. I have even seen a lady who earns less than RM 1,000 got cheated of her RM 5000 life saving because she trusted someone and joined such scam. For her, saving RM 5,000 is a huge task. He blood and sweat went together with her savings.

And of course, I wouldn't want those conman to get away with hundreds of million dollar. Or even billions.

This is one of such scam, FX United CGAT system. Please read this for more info: SCAM ALERT: FX United Capital Guaranteed Auto Trading (CGAT). Please don't fall to such things.

Think of WIN-WIN situations. Think of those millions who would lose their money.

I hope, my article would have open up some people's mind.

My only worries with this article is someone might get inspired to start a brand new scam. If you do, please make me your partner. :p Just Kidding!

DISSECTING A GAMBLER’S MIND – Lessons learned for our daily life

For the first time, I played slot machine at casino. I was lucky to bag in RM200 without any money in. Don’t ask me how I did with zero money. I’m not going to be responsible if you get addicted to gambling

Then, a friend of mine kindled my interest with roulette. He mentioned about a strategy which could increase the probability of winning. I started to google on roulette to find out more. Then, I came across a blog, “How I lost RM 35,000 in Genting”

He lost RM 35,000. That’s a lot of money. It’s interesting to see what went through his mind. Here's the summary of how much he lost:

“He went into the casino with RM 6,400. He bet RM 2,300 on Roulette, and won RM 1,700.  Then, he continued to bet again and lost all the gain and his initial money.

He wasn’t satisfied and believed that he could win back, so he used his credit card to withdraw RM 5,000. He lost them all again after winning some money.

Then, he withdrew RM 21,000 from Maybank ATM. He bet RM 10,000 in a go, twice. Which he lost both bet.

Finally, with his last RM 1,000, he bet on a single number on roulette and lost.
That’s a total loss of RM 33,000.”

I wonder how did he sum his lost to RM 35,000.

Throughout his blog you can see him blaming on everything for his lose. He’s also being ignorant on why he lost. There’s a lot of hopes and desperation going on. A lot of regrets with a lot “If only…”

Here are some his comments on why he lost.
Note: Edited to remove vulgarity.

“I should have left Genting after winning RM 1,700…. Now, if I had left at that time, I would have gotten a bit of pocket money minus the trip costs.”

Regrets starts to creep in. But, is it because he choose stay overnight or because he choose to make a second bet, which caused him to lose the money. If you noticed, he was blaming on staying overnight, which actually doesn’t make sense.

“Unfortunately I made a second bet (also 2k) and lost, before switching tables and lost all of my initial RM 6,400 buy in. This forced me to go to the International Room to withdraw RM 5,000 from my credit card.”

No one forced him. But, he made the situation sounds like he is being forced to do so. As if he have no choice. This is a very dangerous mind-set. Beware of this pattern in your daily life. There are always more than one choice

“Now, if that is not bad enough, I went out, and was about to check into the hotel when I sa w Maybank. My ethanol impaired decision made me withdraw RM 21,000 from my savings account.”

Is it really the bottle of Absolut Flavor of the Tropics he took which caused him to withdraw those money? Maybe yes, maybe not. Alcohol can affect our thinking process. So, another lesson, don’t drink (too much) before you want to take a huge decision. Again, this could be just him trying to blame everything else.

“However, two bad decisions (going against the dragon instead of chasing it) with a RM 4,000 bet each time made me lose RM 12,000 (inclusive of credit card charges)”

There is a huge fallacy here. Dragon refers to consecutives winning of either Red or Black, Odd or Even, Big or Small. In his case, the roulette was winning continuous RED, but he bet against it and went Black twice, which he lost both time. He’s blaming himself for going against the dragon and should have followed the dragon.

The thing is there is no way you can tell what the next number or colour going to be. The chances of what it’s going to be next is almost 50-50. You still have chances to lose even if you bet both RED and BLACK, why? The number ‘0’ is GREEN. I just hope people could see through this clearly.

This really tickled me,

“The RED DRAGON which I attempted to break was stronger than I thought it was.”

He himself created a reality or illusion, that the RED DRAGON as thou it's a real thing and was strong. Whether we like it or not, we all do have such illusions which we created around our usual life. We tend to imagine things which are not there just to justify certain losses or mistakes.

“My friend saw this table with a Black dragon on Roulette in my last ditch attempt to do a comeback. If I had gone to that table, this post would have been very different – it would have the title “COMEBACK KING!!! Won RM 7,000 after a huge loss. Hail to the King baby” ”

This is yet another illusion created by him to make him feel slightly better, that he is still capable of winning. It’s just a matter of choosing which table.

If you read his entire blog, I can read his gambling pattern. He always goes against the DRAGON no matter what. So, instead of betting on BLACK, he might have bet RED as he always tend to go against the dragon.
Disclaimer: I’m not asking him to follow the dragon. If he read the above statement, and decides to bet by following the dragon and lose his money, I won’t be responsible for his action.

“There goes my condo…and my trips…and even my F&B.”

Now he regret of gambling as he could have used his money for something better.

“Oh well, it’s all my own fault and I shall take all the blame.”

Well, at least he realized something. Yet, making such statements is easy. How many times have you seen people says that it's their fault and keep on doing the same thing over and over again.

To truly realize his mistakes and forgive himself is another level. I hope he realizes it and forgive himself.

Everything and anything can be turned into gambling. It’s not necessary you must go to casino to feel that adrenaline rush.

Every day, in our life, we do tend to take action by thinking that we are being forced to do so. We always blame, in denial, do things in desperation, and regret of our actions. We create illusion upon illusion of why our life is sucks. That includes myself.

What is important, is not to continue with that path. We as humans always makes mistakes. It’s part of our life. We need to acknowledge them and learn to let it go.

Learn to forgive them. It won't be easy. Never give up.

How to forgive yourself?

This is a powerful sentence, “I CHOOSE TO FORGIVE MYSELF”. Repeat this as many times throughout the day until you truly feel free. Alternatively, you can pray to God and ask Him to forgive you

By the way, I have a free room at Genting. Anyone wanna follow me? :p

5 Ways to Save Money and Stay Healthy

Majority of us have these 2 concerns, health and money. Everyone want to be healthier and wealthier.

What if we can do both at a same time? Save money and keep fit.

#1: Stop your vices

The vices I'm refering to is the cigarattes and alcohols. Some of you might be a smoker and/or heavy drinker. You could cut a little here and there, if not stop completely. If you are a heavy smoker, 2 packs a day. Reduce them to 1 pack. If you smoke 1 pack daily, then perhaps make the 1 pack to last for 2 days. Same goes for alholic drink. All those calories will only add more to your waistline. Decrease or stop completely. You will save money.

#2: Stop ordering caloried drinks

Whenever you go to the mamak or any restaurant, it have become habits to order drinks with calories. In fact there are many substance in the drinks might not be healty as well. If a drink cost you, RM 2 and you eat or drink out twice a day everyday, you could save,

RM 2 X 2 X 30 = RM120.

This will also help you to lose weight as you are cutting unnecessary calorie intake.

If you are Starbucks person, imagine how much you can cut every month.
Just order plain water, the sky juice, or filtered water.


#3: Take public transport

Yeah, yeah. Many will complain the public transport in Malaysia is bad and so on. When was the last time you took one? Malaysian public transport have improved a lot in the past decade, yet many still haven't try them out. If you plan the journey properly, you could safe all those money by not paying tolls and fuel for your car.

Hopefully the BRT and the KV-MRT would push more people to take public transport.

#4: Park and walk
In Malaysia, unfortunately many of us are super lazy when we need to go to a shop. Many would just park and double park and even triple park. Some would even go round and round looking for a parking nearest to their destination. Why not just park and walk? Again you'll be burning your calories and save on the fuel as well spare yourself from being fined for illegal parking.

#5: Quit your gym
What? Stop going to gym?!? Isn't gym is good for your fitness? Don't come to that conclusion so fast. There are many alternatives to gym. You can still continue your workouts and exercises elsewhere cheaper. In fact, there are some fitness center which actually spoils you by offering free caloried or soft drinks as part of their members. I'm not going to mention which one.

You can do body weight workouts at home or street workout (Calisthenic) at the park. You'll find more six packers doing street workouts compared to gym. Join some of those friendly street workout groups. You can find them at some of the parks which have monkey bar. Just search Calisthenic Malaysia and you'll start to see results.

You can also join some running groups where they do many activities in the evening and weekends. There are plenty of them such as Running Kaki, Lyn Runners and so on.

Of course, everything needs discipline. Where there's a will there's a way!

5 Ways To Earn In US DOLLAR (USD)

You want to earn in US Dollar? Our currency have deteriorated a lot. A lot of things became more expensive. Many couldn’t maintain their usual lifestyle. So, why not earn in US Dollar instead?

Here are some ideas to earn your income in US Dollars.

#1: Put your money in foreign currency deposit account

This is the easiest as more and more banks offers foreign currency deposits. Make sure you read the terms and condition properly as some of them have monthly service fees.

#2: Earn through Online Affiliate Programs/Marketing/Advertisement

The internet is a place full of potentials. You can earn money in many ways through blogging, affiliate marketing, online store, ebook and so on. The best part is most of them are in US Dollars, sometime even Pound or Euro.

#3: Trade or Invest in US currency based assets or fund.

Instead of trading in Malaysian stock market, why not trade in US stock market? Or buy foreign currecny bonds or even mutual funds? There are many platforms available out there where you can trade safely and even buy funds through local banks.

#4: Work in an international company, and get paid in US Dollar.

Nope, I'm not talking about migrating to US. I'm talking about the rare gems where you work for an international company, but you are based in Malaysia and get paid in US Dollar. What you don't beleive me? Open your eyes and read this. SUCH JOBS EXIST!

#5: Do freelance project which pays you in US Dollar
There are plenty of freelance jobs available online from US, UK and all around the world. Most of this are listed in websites such as Freelancer.com. They have jobs for translaters, programmers, video editor, designers, writers and many more. Check them out. You can even get better rates for your own business needs.