Good Infromation...
Many of us in private sectors working hard to keep our employment by working over the time without additional payment.
Some of us later doing other jobs on the weekend or after working time, looking for extra income to cover shortages.
Why this happen? Can we explain whats are happening? We was told that our national economy is stable and "RAKYAT" live happily. So called subsidy being given, do they?
Why "RAKYAT" very concern about extra income now? Why many so called tax payer in middle income group suffering with shortages of fund for living? Do they really not a good financial planner as what was discussed in below article or they stuck in higher expenses due to their range of income make them not beneficial anything from so called budget for rakyat.
Some point that we need to see in depth:
i) High tax and unfair tax for middle group of income
ii) High Children tuition fee for nursery, enrichment class and etc due to lack of knowledge gain from the normal school class. Why currently most of the students need to go for extra tuition class? Nowadays standard 1 / year 1 also go for tuition? Do our schools very poor in educating students?
iii) Healthcare cost rising? Who pay for the bills?
iv) Saving fund performance very poor, let see EPF as an example..
v) Inflation rate and living cost rising? Food price increase
vi) Rising of basic tariff such electricity will make other goods price rising as well. What will happen when petrol start rising after GE13? Do we still have choice here?
vii) Rising of houses price? Who really benefit with the rise? Bank? Government? More tax?
viii) many more...
What I heard, after 2013 budget tabled and government servant get their bonuses, tuition such nursery care start rise their fees? Why? This due to rising of cost of living, every thing rise without control. When goods price rise then more tax will be collected. Once Government Sales Tax (GST) being implemented, more tax will be collected by this GOMEN... bringing to another level of personal financial planning to battle the shortages of our income for our own family.
Do we really the poor planner or the way of the economy design by the ruler make us poorer. Kapitalis system being employed here, to make the richest and "power holder" will be always on top and on power ... Then GE13 is your choice for a change...
Thestar: Monday October 8, 2012
Financial Snacks
Some of you may wonder why our finances are not in great shape and do not seem to improve month after month.
Have you ever thought if you could have been focusing on the wrong side of your personal financial health equations?
Your Financial Equations simply tell you if you are above or underwater in your finances.
The most important 3 are as follows: JOYCE CHUAH writes
Income - Expenses = Savings
Income is the common part of any savings equation. However, what is more important is expenses. Are you surprised? If you focus your attention on managing on your expenses on a higher level of consciousness, you can quite immediately increase your savings. Increasing income is possible but it takes time which means waiting for an increment, working 2 jobs or even starting a small business which has a gestation period for results.
Returns - Inflation = Real Returns
We are all too obsessed with returns. We check out the best FD rates in town, and queue up for deposits that give slightly better returns than FDs. Many times, our focus moves away from inflation, which is after all an important element in providing you your real returns. So, don't just chase after raw returns which do not give you a positive return after your personal inflation rates.
Asset - Liabilities = Net worth
"So as you can see, George dear, I can substantially improve my personal financial health equation by removing you from it".
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