Replacement of Old Furniture is Tax Deductible for Rental Income

Reminder: Although the initial cost of buying furniture and furnishing a rental property is not tax deductible, do keep all the receipts; because just in case you are going to replace the old furniture in future, then the replacement costs are tax deductible for your rental income. Click here to read more important tips from [...]

MBSB Loan for My First Home Buyer Scheme up to RM500K

“MBSB My First Home Buyer Scheme” launched by Malaysia Building Society Berhad (MBSB) on 30 March 2012. The scheme is designed exclusively for the first home buyers to buy their first house with a ceiling price of RM500K by paying nothing! 100% financing and the normal 10% down payment will be exempted. You will, of [...]

Property Investment Strategy for Husband and Wife on Housing Loan

For young married couple who want to maximize their credit ratings to get more housing loans and if you are just about started to do so, here is some key points to be taken into consideration: 1. Individual Savings / Fixed Deposit Account Avoid joint account. Bank feels uncomfortable with money that you do not [...]

EPF Malaysia declares 6 percent Dividend Rate for 2011

The Employees Provident Fund Malaysia (Kumpulan Wang Simpanan Pekerja) has declared a dividend rate of 6% for financial year of 2011 on 19 February 2012. EPF Dividend Rates History From 2001 to 2011 How to Check EPF Online? Step 1: Visit any nearest EPF Kiosk (KWSP Kiosk) or EPF Office to get an Activation Code. [...]

Home Loan for Low Income Earners and First Time Buyers

Is it possible to get a home loan if your monthly combined household income less than RM1,200? Yes, it is possible! Skim Pinjaman Perumahan (SPP) Basically, this program has been launched since 1976 with the purpose in helping low income earners, who are unable to secure any source of housing loan to finance their first [...]

How to Build A Budget For My Income

Debra has made a wise decision to create a budget to organize her finances and prepare for any financial emergencies. Her first step is to determine her net income. The net income is how much money Debra has left over at the end of each month. This amount is found by using the following equation. [...]

What is Compound Interest

Compound interest is the interest an investor earns on his original investment plus all the interest earned on the interest that has accumulated over time. Compound Interest = Interest On Interest It is easier to think compound interest as interest on interest. To understand compound interest, let first look at simple interest. Simple Interest = [...]

What is Gross Domestic Product

What is GDP? The letters GDP are fling around often by president, the Federal Reserve Board (FRB), generalist and many others. They stand for, Gross Domestic Product, which represent the overall market value of all the goods and services a country produces. Formula of GDP In a way, it is like a price tag on [...]


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