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Finance

First Time Homebuyers: 8 Government Aids You Should be Leveraging

2019 is probably not the best year for Malaysian Property Investors, especially with the changes in the Real Property Gain Tax (RPGT) policies. However, this year may spell good news for first time home buyers, with the stamp duty exemption for the first RM300k for homes priced up to RM500k, ...

THE 3 MYTHS THAT STOP YOU FROM INVESTING

by Kevin K.M. Neoh MYTH #1: I DON’T EARN ENOUGH TO SAVE MONEY If you think you don’t earn enough to put aside some savings for a rainy day, these are probably a portion of the thoughts going through your head: “My paycheck is small and I don’t have ...

Everything You Need To Know About Borrowing : Understanding The Banking System

The most common reason why people borrow money is because they want to purchase something which they would otherwise be unable to pay cash upfront for which can include big ticket items such as house and car purchases. An individual who has monthly income can apply for his desired bank loan ...

Can Money Really Grow On Tree?

Do you believe money grows on trees? I for one, certainly think so. Having read this statement, you must be puzzled but do bear with me.   Let me illustrate my belief by using palm oil as an example. Palm oil is obtained from the seed or kernel of the palm ...

Enjoy Your Retirement

You have worked some 50 years of your life. So, retirement should be something to celebrate and look forward to rather than dread it.  You are the master of your retirement and if you take care of several key aspects today, it can be a fulfilling one. Stages of Retirement What constitutes retirement ...

Financial Planning is Only for the Rich, Myth or Truth?

Financial planning has oftentimes been regarded as something only reserved for the rich. Is this a fair observation? Is it true that if you are not rich, you should drop the idea of financial planning altogether? Regardless of our experiences or background, we basically build wealth via the following means for ...

Real Estate Investment, Really?

Yes, really. Believe it or not, we can participate in the growth of real estate other than just buying properties with a higher capital requirement which often times can become the factor in stopping people from investing in properties. There are generally three options when it comes to real estate investment:- Route ...

A Mortgage Makes Home Ownership Affordable

The different mortgage options available to home owners A mortgage is a debt instrument offered by banks or financial institutions in Malaysia to assist home buyers seeking funds to purchase real estates. Upon the approval of the mortgage application, the bank becomes a Chargee (in the case of individual title property) or ...

Insights On Islamic Home Financing: Advantages To Consider

Another privilege for home owners to make a choice in future For home financing, conventional banks provide a loan to the homebuyer, and charge an interest on top of the principle as the cost of the funds. Beginning 2015, Bank Negara Malaysia (BNM) introduced the base rate (BR) to replace the ...

Views From First Time Homebuyers On Their First Purchases

A Positive outlook for home ownership among the young adults Buying a first home resembles a scenario of falling in love for the first time with your spouse. There must be some chemistry in the relationship which sparks the love and emotional senses to a couple. Well the same can be ...