Author: Charles Tan
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Making savings a ‘forced’ habit
I read from a comment in Facebook about an investor whose mother told him that savings is a must. Buy what you need and not what you want. Before you buy, step back and think whether you really need it. One thing I have never done is to follow the technology. I do love latest…
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Financial Freedom vs Financial Independence
A relative whom I met recently told me that he will be finishing paying for his condominium in KL very soon, maybe in just one or two more years. He has bought the condo just over 7 years ago. This meant that instead of the typical repayment period of 25-35 years, he would have finished…
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120% bank loan possible?
When I was driving home from Sitiawan to Ipoh home today, I saw a huge banner for a new development project saying that a 120% loan from the bank can be arranged. I believe banks no longer give more than 90% and it is even based on your net income. In fact for commercial, typically…
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Expert Series Q&A – Penang Property Secondary Market – Mr. Stephen Soon
Today, in our Expert Series Q & A, we have Mr. Stephen Soon. He is the Chairman of Penang’s Auctioneers Association as well as the Managing Director for MNP Auctioneers. He has always been seen as someone dynamic and has a very formidable team working with him in the real estate industry. Let’s learn from…
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Property Investment is not ‘everything’
A close friend asked me since I love property, do I invest everything I have into property. I told her, no. It is important to understand the limitations and cons of property. When you need sudden cash, property would not be able to provide you with such a flexibility even if you are willing to…
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New Baby? New Property.
One of my old friend said that having a baby means extra expenses. I totally agree. Then he asked me how am I planning for the baby since the education fees are getting more and more expensive especially when the baby is ready for university. While I do think university fees are going to get…