Monday, September 28, 2009

Top Money Tips for Malaysians

1. This book is divided into 4 parts namely Smart Money Tips, Money Making Tips, Money Saving Tips and Money Protection Tips.

2. What's interesting about reading this book is that sometimes it feels like you are actually surfing the net. The author actually included lots of useful links for different purposes such as sites to create additional income, sites for financial tools etc.

3. Among his tips that I find interesting are "get your first car FREE" and "minimize upfront service charges in unit trust investment". These are not fictions. These are doable tips which can be put into place.

4. The author did go to a great length in explaining about insurance. There are lots of information regarding insurance in the last part, Money Protection Tips. Look out for "Investment Replacement Feature" which I find very interesting. But when I consult my insurance agent about this, she told me that its already included in my investment linked policy. Its a great benefit to know what it is all about though.

5. It is not a too technical book. It suits a normal person looking for information on various aspects of financial planning. It's an easy read too.

6. If you are uncertain about the 8th wonder of the world which is compound interest, there is a chapter about this in the book. Learn how compound interest works in order to help you in your journey towards financial freedom.

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