Multiplying wealth

What do you do when you get your first big fat bonus? Okay, not necessary big bonus, as long as you have extra money in the bank, what do you do with it?

Have you noticed that how money makes money? Ibu and I had always talked about this because you can see the richer getting richer because they ensure the money that they have will make more money for them in the long run. Like when a man starts an airline business, he furthers it to owning a football club in one of the most important Premiere Legue, start affordable hotel line around the world and the list goes on (sounds familiar?)

So, let's us all discuss and share, how do and don't we multiply our wealth (regardless of how much do you have in your account now):

One : Save up. We sometimes forget the basic and foundation of multiplying of wealth. We usually save our money to saving account since our monthly salary is being credited to it. Some people have current account, especially those with run business, where you can have the cheque book and of course a fix deposit. An account that requires you to save a specific amount of money on a specific duration. The bank will give you back the money with spefic amount of dividends in return. Of course both saving and current account would also give you some dividends, but not as much as fix deposit.

Two : Invest. There are many forms investment. I am sure, most of us are familiar with Amanah Saham Bumiputra (ASB), Amanah Saham Nasional (ASN) (and its other fund) and on the very recent,  Amanah Saham Hartanah (ASH). Next, there are specific Unit Trust Fund that you can also invest in. Seek for good advice from the best agent, they will be able to facilitate you. Even KWSP had allow the our first account to be invest to specific fund.

So, KWSP will send you acknowledgement that an agreed amount in your first account is being used for the  specific unit trust for investment.

And your agent will send you details on them

The same goes with AHB, they do not have saving book as ABS, so they will send you details on your investment

Three : Gold/Silver investment. I am not really familiar with silver investment but nowadays, there are many type of gold investment. Other that physical gold in form of wafer, coins, bars, you can also invest in gold account where you saving is base in the daily price of international gold. Now, most bank institutional are also offering their `local' gold wafer and bar and they offer you to save keep you invested gold. Not only the pattern of the engraved wafer is unique, it is also safer.

Four : Property.My favorite topic! I know many people who starts the property investment on auction properties. I know one friend who is owning 6 auctions properties that when he re-finance all the houses, he gets an amount of money to start a new business. I know an agent that owns nearly 30 properties at Denai Alam, and he basically lives with selling them.

Five : Land investment. Something that I have learnt on very recent. One of our friends had share on how he invested on land property. Basically, he bought an acre or two of land and divided the land to a few lots. The lots are being sold to to individual, to build individual property (house). The concept is quite same to property investment, but my friend punya ayat mmg best, takdela hari ni kita tidur, esok tanah rumah kita bertambah 1 meter,kan? What he's trying to say is land property is not something which akan bertambah, semakin berkurang, so the value is higher.

Six : Insurance. There are many type insurance, life, health, education, you name it. A long term saving for future benefits.

Seven : Starts a business. There are many online business that we have seen on the net. I know a few friends who are taking orders to design dulang hantaran, preparing candy buffet and so many others. There are many people who are looking for any sorts of services and stuff, you just have to show other people of what you can do!

And of course ultimately, the best way to multiply your wealth is through zakat and sedekah. Nothing can defeats that. The reason we multiply our wealth is also to ensure that we can share our wealth with others. Ayah always said, duit yang masuk dalam akaun kita setiap bulan tu, bukan semuanya milik kita. Kadang-kadang kita ni pengagih je. Ha, makan dalam tak? Hehehe!

And, how about the other way around? What we shouldn't do in managing wealth?

One : Unnecessary liability. Of course, this is individual view. But, for me, car is a liability. Unless, you are earning so much more than your monthly expenses, yeah, spend them on your car. But, if it is your first salary, you do not own any feasible asset or fund, `investing' it on expensive car, does not help. 

Two : Apply for personal loan. Be very smart with personal loan. Remember, money makes money? If you apply for personal loan to invest into something definite such as starting a business or your first time to buy an auction property etc, that's cool (but you still need to really study whether the dividend or keuntungan outweigh the interest from the personal loan). Not for shopping or to pay your amounting credit cards.

Three : Credit cards. Do we really have to talk about this?

As conclusion, I do not believe in short cuts or too good to be true investment offers/proposals. Be smart, read, ask and share. Most of our people, we have always dengar cerita org je, have no effort to read and ask for information from the right source. At the end of the day, we start pointing finger to others. So, think about it.

I am not an expert tau, what I am doing is just sharing my knowledge and what I know from reading and discussing with some good friends. And of course, you are invited to share your knowledge too! Please do =)

Hanie Adzman



Ukay Perdana + Membuka minda!

Hubby and I were just going around Ukay Perdana this morning, checking out what's happening `up there' since I have one of my office mate and her fiance bought a 2.5 storey terrace house that looks adorable thru the internet. Since kitaorg pun dah lama tak pusing-pusing tgk property (sbb hubby is working `time kerja kilang' ;p),  so what the heck, marilah kita menaiki Mini Cooper Kelisa Perodua ke atas Ukay Perdana yang sgt berbukit-bukit itu ;p

So, we basically drove along Ukay Perdana, turned to Ukay Perdana 3, headed to UP 3/1, then we saw some housing area yang dah develop (yg depan mostly dah occupied, quite attractive), drove along the road, and you saw rumah yang i think dah about 2-3 years dah siap, tp unoccupied. Hem, we were both were wondering, why were all unoccupied? There were about 2-3 designs (Sommerville, Blossomville,Sri Hijauan and etc) with mostly are 2.5 terrace, with parking garage (certain design), good view, not anywhere near the slopes, what not (the build ups were quite small, but since it is a 2.5 storey, so, consider ok la,kan?). I think this is a take-over project from Talam to IJM because apart from Ukay Perdana 3, there is the Sering (or Serenia) UK; developed by IJM, pretty near by. If you were to look in iProperty, many units are up for sold/rent. It just happen, the area are secluded, so if you are a private person, appreciate good, green views, this is the area to look for. Subsale price is at RM 550K and above,the semi-D mostly touch 1mill.

If you were to google abut this prop, you will see all postings, entries and forums were back on 2007, selling @ RM 300-400K, now after nearly 4 years, agents had it sells @ RM 500-650K, you never loose with property, kan?  Very much near to the MRR2 highway, so it is very, very accessible, it just that you have only one entry which is the intersection from MRR2. I am not sure if there are any other exits,  (tp kalau u all tau rumah Dato' CT, u blh keluar ikut Bkt Antarabgsa @ kwsn tanah runtuh dulu tu, jumpa MRR2 jg la). Too bad, tak blh nak masuk, tgk mcmana finishing rumah tu (kena tggu this office mate of mine to do her house warming la nmpknya ;p)

Can't wait to see the progress of the area in 2-3 years time. However, during the driving, there were already 2-3 units occupied, the rest still as they are. I bet, many more will be moving in. Because,  on and all, Ukay Perdana is very, very near to MRR2, yup, morning traffic was a bit worse, but once you reach MRR 2, to enter any other highways is very easy (blh masuk Duke to Jln Duta, Plus Highway, blh pergi Penchala Link to Ikea,  Akleh pun blh smp KLCC) . So, for those who are looking for very developed, land property area, with all kemudahan sekolah, klinik, hospital  available, this is the area to look for. I think, you still can get Sommerville  @ RM 550K, buatlah combined loan dgn partners. Even ada area UK 4 ke 5, rumah second hand la, selling @ RM 480 K.

Ini link kalau nak tgk rumah tu.  5 bedrooms (2 masters), 4 bathrooms if I am not mistaken.

http://www.iproperty.com.my/propertylisting/329791/summer_ville,ukay_perdana_2.5-sty_Terrace_Link_House_ForSale

Ok, other than that.

Anyway, last night, I met  Kak Tahirah (ala, this physician yg menyedarkan I yang I must have own property, specifically Sime Darby property ;p), I terserempak dgn Kak Ana. She was this size; before (pinjam gambar ye, Kak Mai):


                    

Ni gmbr smlm, Kak Ana baru belajar tag org kat FB,hehehe! (she's sitting, pki grey blazzer and blue scarf). Anyway, she is so funnyyy! ;p                        


                                  

She was 98 kg before, now nearly 50 kg. Amazing,kan? I find her very inspiring!

So, jgnla segan nak approach me to try Premium Beautiful, promo price ends very-very-very soon! =)

                           Save up to RM 700 ++
Just text me, we shall meet, and you can try Premium Beautiful on your own body! cpt,cpt!

                         You never know, until you try it yourself! =)
                                      
                                                           019-3590533

Hanie

Auction property procedure and risk

Ok, let me share my real experience on my first ever property auction. It all started when a  collegue of mine told us that he already own 3 auction poperties which for me is amazing. I mean, we were at the same age, and yet I have not own any property. So, I started going through some related blogs, asked around and talked to these experience people.

Basically, what I did was look for through lelongtips.com. I set my target (which was to go for prop cost less than RM 50k) and plan which area that I am interested in. Of course, this shall take time for you to analyze and think what is the advantage of the area; i.e. near with LRT, near to highway, near to education instituitional etc.  Then, I go to property.com (you can go other property website too) to determine the market value of the property. The bigger the difference between the asking price and the markte value, of course la, better, kan? Because, on the event day, you will learn that this difference will become reduce since others will bid to their targets pulak, which mungkin lebih tinggi than you expected.

Ok, now you have spotted the prospect property.  Next, is to call the auctions bank or appointed company/agent to get the Proclamation of sale (POS). From this POS, you would know what is the status of the property, least ke free hold, auction venue, time and date, bank auction, ada caveat ke,apa ke. Sbb kalau ada caveat, susah skit bcoz caveat means there is/are other party (s) yg menuntut hak ke atas property tu. Dont ask me the details of this thing, sbb I have just learn abt it too,hehehehe! Nnt if I ada more knowledge on this, I'll do entry related to this.

Next, is to go to pejabat tanah and majlis perbandaran to check outstanding fees for the property(Strata property takde cukai tanah,ok? So, just check cukai pintu @ majlis perbandaran). I was lucky though with the Puncak Alam's property since there was a reminder letter of the outstanding fees at the letter box, on the prop's cukai pintu. On the maintainance fee, you have to check from the maintainance office.

Actually, you can skip all this hassle by hiring agents. For this part, you have to get a very trustable agent. But again, it is yr choice to do so, sbb at the end of the procedure, you have to pay this agent. So, you must ask the agent's rate (the Puncak Alam agent charge us @ RM1.5K-to help us to do the bidding/ RM 2K-facilitate in the arrangement with lawyer+bank).; that is if you win the the bidding.

Owh, do not forget to go and have a thorough inspection at the property. FYI, ada byk situation when it comes to inspection of auction property.

1) The house is empty, no tenant, abandoned- Macam ni, kira ok la.Sbb you have to understand, with auction property, no one has the key to the house. So, kalau pintu tak kunci, you can go in. Tlgla bawa companion, it is dangerous utk inspect alone, esp if you are a woman. For all you know, ada drug user in the house ke, bad people ke, apa ke. So, kena hati-hati. Kalau kunci, you can only inspect dari luarla..You can only enter the house once you menang bid, sign the contract, bawa mr locksmith utk unlock the door, yourself.

2) The house ada tenant, and the tenant is the owner- Hem, mcm ni,susahla kan?How are you to halau the owner from his house (on law, it is no longer theirs) if you were to win the bidding? So, you might want to reconsider on investing for this property. Unless, you rasa you can nego with the owner to sewa from you later, or blh minta baik-baik for him to leave.

3) The house ada tenant, and the tenant is renting the property- I guess this is,lucky you! You win the bidding, dah ada org nak sewa property you ;p Tp, nnt you kena la nego dgn dia, the rental pay, contract ke,what not..

Now, you dah inspect and analyze the pros and cons. Decide to join, pergi bank, buat bank draf 10% of the price that you target. I.e asking price @ RM 49K, you nak bid smp RM 55K je, sbb market price is around RM 75-80K. So, your bank draf RM 5500 under the auctioner bank. Let say, at time of bidding, you feel like to go more than your bank draf, you must pay the difference (if you win) on that respective day jg.

Basically you will have 90-120 days to settle the contract (auction prop tak guna SnP) + loan with bank. Please check with yr POS.

So, roughly, that's abt it la. Takla susah sgt pun,kan? =)

Ok, capital plak. So, from my calculation, you have to prepare capital for this:

1) Outstanding maintenance fee (for strata prop)- if the prop is going thru a first time auction, usually bank will bear this fees.
2) Cukai pintu (both landed and strata prop)
3)Cukai tanah (landed prop)
4)Fees utk sambungan semula air, elektrik dan tunggakan (biasanya dua-dua ni reach 500, TNB potong dah)
5) 10% bank draf
6) Agents' fee (if aplicable)
7) Lawyers' fee (for contract and bank loan agreement) which runs abt 5-10% of the prop price

Sounds handful sgt,kn? That is why you must really plan your auctions plan. Because for all you know, these properties are good investment, especially if you really get price so much lower than the market value. And that is the reason why I bid for prop less than 50K =)

Ok, now to the risk.

You must learn that every investment owns its own risk. Org jual mknn, mungkin basi, org jual baju mungkin tak laku etc etc.

1) Risk during bidding: If you mmg dah sgt syok with a property, sometimes we tend to bid more than we expect, or plan on the first place. You must know that ada certain auctions, ada golongan yg dipanggil ULAT. I am not really sure abt this since I have never encounter one, but from my readings, these ULATS akan kacau bidding you, so that you will increase your bidding blindly. You angkat, dia angkat, you angkat lg, dia balas lg. Sbb tu you must be firm dgn your own target. Others plak, ada ulat yg tlg u by making sure takde org lain akan bid for the unit. So, you pay them for that. I dont whether legal ke tak, tp rmi je yg buat

2) You have closed the deal: You pun pegi prop tu, sbb you have already the contract saying the prop is yours. Bawa mr locksmith, buka pintu. Kalau kosong, takde apa-apa, just some minor kerosakan, takpela. But if, masuk2, ada benda/org/keadaan yg tidak dijangka, you have to bear the consequences. Nama you dah ada under the prop, apa2 pun bank akan cari you. So, it's a lost la kalau prop tu ada masalah utk dijual/disewa, what's more you are not planning to stay kat prop tu pun..

3) I have read from some other bloggers the prob with current ppl yg join auction is that they dont have proper preparationa and ilmu before going. At the end of the day, deal is closed at market price sbb semua mcm naik `sheikh' bidding, tak tau bila nak quit. One thing is that kalau u dpt blk market price, mmg rugi. lagi rugi drpd beli property biasa. Sbb jgn lupa you kena tanggung duit outstanding yg byk for an auction prop. So, jgnla segan nak bertanya dgn org yg experience, then baca la blog2 individual yg mmg kaki auction, mmg byk blog related to auction prop.

4) Loan tak approve- Hem, mcmana ni? If you cant really settle this, rumah mmg akan terlelong blk,ok? Or else, if you request utk extend, you kena byrsome amount of interest. You have to remember, mesti follow up dgn lawyer, sbb lawyer bkn handle hal kita je, punya bank file kt lawyer firm tu kdg2, diaorg terlupa (trust me, I worked there for 3 monthsm ;p)

4) Tak berjaya sewa/jual: Ala, ni biasala..you cannot expect return investment in one day time. Teruskan buat marketing! Hahaha!

Anyway, i think that's abt it la. Ini info org biasa2 je, bkn pakar,heheeh! tp blhla nk buat panduan permulaan ;p

Kalau ada readers lain nak tmbh / betulkan pun takde masalah =) I am more than honor..

Hanie

p/s- Summerville @ Ukay Perdana selling @ RM 400-500 K 2 1/2 terrace house..Cekidaout!!

Auction props + Looking goooodddd =)

Fuh! It's all dusty in here, yup! teruk betul owner, once a month baru ada post, then summarize everything in one entry, dahla all wordy,hahahh! Sorry la, darls, my life is like running water after rain (apa punye perumpamaan ni??). If only everything can be done at one time. I always wonder, how other vloggers and bloggers had time to put up a fine pace entry (while I throw everything unaccordingly at once)... Owh, still, selamat hari raya!! still have few days to the end,kan? That reminds me I have yet 3 hari for Puasa Enam, so, chaiyok!

Ok, enough of introduction,let's jump into the sea , I mean content. So, yes, base on the title of the entry, I have participate in my first ever bidding for auction property. Yes, finally! I wasnt sure abt this sort of property (since I have always eyeing for under construction prop), but through reading and discussion with some collegues whom are so used with auction prop, hubby and I decided to give it a try.

Our aim was to go for prop under RM 50k. Ada ka rumah murah lagu tu??!! Of course la, there are. That is why ppl go for auction prop, basically this is where you can get a prop of 20-30% cheaper than the market price. My intention was just to have our first property for investment, and to learn and understand the whole purchasing procedure, so start small (lagipun my capital bknla byk sgt ;p).

So, off we to Puncak Alam, tempat jin bertendang. Nah, the area takla teruk sgt. Mind you, the McDonald is already there, it is basically 30-40 min from NKVE-Shah Alam exit. LATAR highway has basically operated. Puncak Alam has been abandoned for the past 10 years, if I am not misttaken. But now that UiTM Puncak Alam has partially operated and Shah Alam 2 is on its way of construction, so Puncak Alam has become the next place to be invested in.

We did all the investigation, inspect the unit, check the unpaid maintenance fee and cukai pintu, prepared the bank draft. Bersemangatla kononnya,hahahah! On the day, 4 bidders were there, and deal closed at RM 58K. Market price is around RM 70-80K. So, we pull off. Nvm, there are plenty of auction property, so, do not bid blindly.

As the conclusion, it was a fun experience, period. Since we were `entertained' by an agent whom was staying in Puncak Alam and had two units @ the same apartment, so it was very easy.I am eyeing for Damansara Permai, I heard it is a good place to invest. Let's investigate the area!

Okla, enough on property. Jom cerita abt sumthin else. I know many ppl look at me as a very thin,petite person. I am very small in size (plz dont read between the lines), yet I always face wardrobe malfuction. WTH?? It is when you feel your daily attire dont fit you the way you want it to fit (or at least, that's what I think). It is all started when I have gained weight , yess ppl, I gained nearly 8 kg for the pass 4 years. Since I have a small frame, the fat distribution was very uneven and `cocentrated'. I started looking at myself as a `fat' person, because I dont feel comfortable in my own attire, even in baju kurung.

So, what do you guys do in times like this? Diet? Go for motivatonal pep talk on dont worry abt how do you look, but what's important is who you are?Enrol for gym classes?I believe that everyone had their own way managing weight, and I would like to hear from you. Laugh all you want, but slimming and dietiting are a worth of millions, industry. Slimming products are all in the market, some works, some are absurd. Yet, every woman wants to look beautiful.

I have choosen a way too. Well, let's just say that I have just started using and doing it. Not only that I want a product that helps me managing weights, but also to give a good support and posture (I dont want to become all hunch later in life). The most important thing, I fit into my baju kurung moden,yay!! (baju kurung moden has been in the least-attire-to-wear list, recently), hence I become more confident about myself =)

So, share me your choice. For all you know, we might be doing the same thing! =)