Foreigners / Expatriates :Life Insurance Guide

Posted on July 7, 2010 by admin

In Malaysia, some insurance company extended their life insurance protection to foreigners and expatriates that are residing in Malaysia either on a work visa or Malaysia My 2nd Home Program (MMH2).

Normally the company will not be accepting proposal from foreigner who does not have any business dealing in Malaysia. However, the company may consider the foreigner’s proposer if he/she possesses any one of the following documents :-

  1. Work Permit
  2. Register of Company /Business in Malaysia
  3. Marriage Certificates ( married to a Malaysia who is residing in Malaysia ).

Besides the above, the following rules and requirements must be adhered to:-

  1. The Life Assured’s correspondence address must be in Malaysia.
  2. Life Assured must be in Malaysia at the time when the Proposal Form is completed.
  3. Life Assured can be an adult or child. For child, there must be proof that the child has studied in Malaysia for a year and will continue to do so for the next 1 or 2 years.
  4. Proof of legality stay in Malaysia must be submitted.
  5. Sum Assured for the spouse should be the same as the Sum Assured of the applicant’s life.
  6. For female foreigners ( who are married to Malaysian, and are  residing in Malaysia for at least 1 year) are allowed to purchase supplementary riders.
  7. All proposals on foreigners lives are subjected to a medical examination irrespective of the sum assured.

* Buying a standalone medical card won’t be subject to the above requirement.

If you interested in having life insurance coverage or a medical card, don’t hesitate to contact us at 013.2065756 (Nick)

Posted in life insurance, The best medical card | Tagged , , , , , , | 1 Comment

Making Money With Forex

Posted on June 21, 2010 by admin

Forex is a business of making money through trading foreign currencies. It is simple in fundamental basis whereby you long  buy a currencies which you think will increase in value or you short  sell the currencies which you may think the value will decreased.

Long Buy

For example If you buy GBP against USD when each GBP is equal to $1.9554USD and then sell it when it is $2.0235USD, you have made a profit.

Short Sell

For example If you sell GBP against USD when each GBP is equal to $2.0235USD and then buyl it when it is $1.9554USD, you have made a profit

You see,  we can make profit in both when market is up and down. Of course you need to aware of the risk. Forex market is very volatile and invest in it without much analysis or knowledge can lead to big losses. Minor changes in economy or political in some countries may also create an impact on the market.  The big question is that how you can find out the best time to buy and how you can predict that if you buy, the price will go up and you will make a profit? This is the most important question that makes you a successful trader.

But the big question is that how you can find out the best time to buy and how you can predict that if you buy, the price will go up and you will make a profit? This is the most important question that makes you a successful trader.

There are two methods to know the optimum time to buy and sell: Technical and Fundamental Analysis.

In technical analysis, you can predict the direction of the price using the the price chart analysis and also with the help of some special tools that are called Indicators. Technical Analysis is a science and if you want to start working on Forex, you have to learn it properly, especially if you want to work as an intraday trader. It is not too hard to learn the technical analysis. If you are a focused and a serious person, you can learn technical analysis in a few months. There are a lot of free resources over the web that you can use to learn or you can log in to babypips.com tutorial

The other method is the Fundamental Analysis. This method is used to predict the future movements of currencies’ prices, according to the economic and even political situation of the world and important developed countries like USA, UK, Germany, Japan and…

How Do I Get Start It?

Easy, you can start invest as low as RM 3.70 or USD 1. I suggest using Instaforex as broker ( if you in Malaysia ). Instaforex allow clients to start trading as low as USD1. They recently received an award for ” Best Broker In Asia” in World Finance Awards for 2009. For those who don’t have a credit card, you still can invest by depositing your fund through Instaforex Introducing Broker here in Malaysia.

Open your forex account : Instaforex.Com

What Is Forex and How to Make Money with It?

by Vahid | Forex Basics | Wednesday, July 25th, 2007

What Is Forex?

Forex is the knowledge and business of making money through trading foreign currencies. Forex is not a new business and its history is as old as the history of money.

What is forex is a question that people ask a lot these days. There are people who have been making money through Forex from many years ago. Fortunately, with the help of computer and internet, Forex trading has become much easier. You can sit at your personal computer and trade from home without having to make any phone call or referring to any bank.

How is it possible?

There are brokerage companies that enable you to buy and sell different currencies through the Internet and some simple softwares. For any trade that you make, you pay a small commission to the brokerage company that you are trading through it.

You need to find a good, reliable and well-known brokerage company and sign up for an account with it. Then you have to fund your account. You use the money you have in your account to trade. Any profit that you make, will be added to your account and visa versa. Then you can withdraw the money you have made.

What currencies can you trade?

In Forex, you deal with currency pairs. There are four main currency pairs: British Pound and USD (GBP/USD), Euro and USD (EUR/USD), USD and Japanese Yen (USD/JPY), USD and Swiss Frank (USD/CHF).

In each currency pair, the first currency works as commodity and the second one works as money. For example when you choose GBP/USD to trade, if you buy, you buy British Pound against USD and if you sell, you sell British Pound against USD. It doesn’t matter what currency you have in your account. The trading software takes care of the exchanges and transactions automatically.

How can you make money?

Buying low and selling high or selling high and buying low is the base of making money in Forex. For example If you buy GBP against USD when each GBP is equal to $1.9554USD and then sell it when it is $2.0235USD, you have made a profit. I don’t want to focus on more details in this article and explain how the profits and the money you make will be calculated. I will talk about these topics in other articles.

But the big question is that how you can find out the best time to buy and how you can predict that if you buy, the price will go up and you will make a profit? This is the most important question that makes you a successful trader.

There are two methods to know the optimum time to buy and sell: Technical and Fundamental Analysis.

In technical analysis, you can predict the direction of the price using the the price chart analysis and also with the help of some special tools that are called Indicators.

GBP/JPY price chart with three indicators: RSI and  MACD

What Is Forex

Technical Analysis is a science and if you want to start working on Forex, you have to learn it properly, especially if you want to work as an intraday trader. It is not too hard to learn the technical analysis. If you are a focused and a serious person, you can learn technical analysis in a few months. There are a lot of free resources over the web that you can use to learn. There are some expensive training courses but those who sign up for them are not happy and believe that they have learned nothing. So don’t waste your money. If you are serious to learn, there are a lot of free resources over the Internet. You can also visit this weblog every now and then or subscribe for my RSS feed. I will try to share my experiences with you.

The other method is the Fundamental Analysis. This method is used to predict the future movements of currencies’ prices, according to the economic and even political situation of the world and important developed countries like USA, UK, Germany, Japan and…

Posted in Forex | Tagged , , , , , , , , , | 2 Comments

Dapatkan Nafkah Berterusan Dari Suami

Posted on June 17, 2010 by admin

Apa yang ramai wanita tidak tahu, walaupun suami Puan menamakan Puan sebagai penama Insuransnya, Puan bukanlah penerima 100% pampasan tersebut. Sebaliknya, mengikut hukum Faraid, Puan perlu membahagi-bahagikan pampasan tersebut kepada pewaris-pewaris sah seperti ibubapanya dan anak-anak. Dan bahagian isteri dalam hukum Faraid (pembahagian pusaka Islam) ini hanyalah 1/8 dari harta pusaka tersebut.

Oleh kerana bahagian Puan cuma 1/8 sahaja, pastikan jumlah insurans suami puan tinggi. Ye lah, kalau ikut logiknya, pampasan cuma RM 20,000, hak pusaka Puan cuma RM 2,500 sahaja. Puan nak hidup macam mana dengan pusaka cuma RM 2,500 sahaja? Cuba Puan bayangkan? Tidakkah hidup Puan akan sengsara?

Kalau pampasan insurans suami baru RM 100,000 pusaka Puan cuma baru RM 12,500 sahaja. Saya rasa tak sampai setahun pun duit tersebut sudah habis dibelanja oleh puan untuk sara hidup. Ini pun belum termasuk hutang hutang yang dimiliki oleh suami yang perlu diselesaikan seperti pinjaman kereta, hutang kad kredit, pinjaman peribadi, hutang orang, hutang Courts Mammoth, hutang koperasi dan segala macam hutang lagi. Saya rasa, silap gaya, Puan yang kena tanggung hutang tu semua bila suami Puan langsung tidak buat apa apa persediaan.

Jadi Puan perlu tanya diri puan sendiri, samada berbaloi kah insuran yang suami puan ambil itu dengan pergorbanan dan kesetian yang puan curahkan kepadanya.? Berbaloikah kalau pampasan RM 100,000, Puan cuma dapat RM 12,500 sahaja sebagai hak Puan?

Bagaimana agaknya Puan boleh melindungi kebajikan diri Puan dan anak-anak dengan memaksimakan harta pusaka suami puan pada kos pengurusan yang sangat murah tanpa perlu membuat wasiat atau melantik trustee yang kos beratus ringgit?

Siapa Yang Patut Merancang ?

  1. Isteri yang bergantung kepada sumber pendapatan suami, walaupun sedikit ( termasuk nafkah sendiri dan anak-anak )
  2. Isteri yang bersuamikan orang yang mempunyai risiko kehidupan yang tinggi, samada dari segi pekerjaan atau tabiat hidup
  3. seperti merokok atau selalu stress, gemar memandu laju atau selalu membonceng motosikal )
  4. Isteri yang bersuamikan orang yang mempunyai pelbagai jenis hutang
  5. Isteri yang bermadu kerana hak pusakanya menjadi lebih kecil apabila beristerikan lebih dari 1
  6. Isteri yang sedar kewangan keluarganya hanya cukup-cukup makan walaupun suaminya mempunyai pendapatan tetap
  7. Isteri yang bersuamikan orang yang tidak mempunyai pendapatan tetap seperti peniaga atau ahli perniagaan korporat
  8. Isteri yang mahu melindungi kepentingan dan kebajikannya dari suami yang tidak pernah kisah untuk mengambil insuran

Jangan biarkan masa depan Puan dan anak-anak tidak menentu seperti sekarang!

Inginkan Jalan Penyelesaian?

Saya boleh membantu Puan mewujudkan “emergency fund” untuk membantu Puan meneruskan kehidupan seperti biasa walapun di saat suami Puan sudah tiada dimana Puan akan menerima 100% harta pusaka darinya tanpa perlu membahagi-bahagikan se-sen pun kepada pewaris lain.

Jika berminat anda boleh menghubungi saya di 0132065756 ( Nik Hafidz ) atau email saya di nikhafidz@financiallyhappy.com

Apa yang ramai wanita tidak tahu, walaupun suami Puan menamakan Puan sebagai penama Insuransnya, Puan bukanlah penerima 100% pampasan tersebut. Sebaliknya, mengikut hukum Faraid, Puan perlu membahagi-bahagikan pampasan tersebut kepada pewaris-pewaris sah seperti ibubapanya dan anak-anak. Dan bahagian isteri dalam hukum Faraid (pembahagian pusaka Islam) ini hanyalah 1/8 dari harta pusaka tersebut.
Oleh kerana bahagian Puan cuma 1/8 sahaja, pastikan jumlah insurans suami puan tinggi. Ye lah, kalau ikut logiknya, pampasan cuma RM 20,000, hak pusaka Puan cuma RM 2,5,00 sahaja. Puan nak hidup macam mana dengan pusaka cuma RM 2,500 sahaja? Cuba Puan bayangkan? Tidakkah hidup Puan akan sengsara?

Kalau pampasan insurans suami baru RM 100,000, hak pusaka Puan cuma baru RM 12,500 sahaja. Saya rasa tak sampai setahun pun duit tersebut sudah habis dibelanja oleh puan untuk sara hidup. Ini pun belum termasuk hutang hutang yang dimiliki oleh suami yang perlu diselesaikan seperti pinjaman kereta, hutang kad kredit, pinjaman peribadi, hutang orang, hutang Courts Mammoth, hutang koperasi dan segala macam hutang lagi. Saya rasa, silap gaya, Puan yang kena tanggung hutang tu semua bila suami Puan langsung tidak buat apa apa persediaan.

Jadi Puan perlu tanya diri puan sendiri, samada berbaloi kah insuran yang suami puan ambil itu dengan pergorbanan dan kesetian yang puan curahkan kepadanya.? Berbaloikah kalau pampasan RM 100,000, Puan cuma dapat RM 12,500 sahaja sebagai hak Puan?

Bagaimana agaknya Puan boleh melindungi kebajikan diri Puan dan anak-anak dengan memaksimakan harta pusaka suami puan pada kos pengurusan yang sangat murah tanpa perlu membuat wasiat atau melantik trustee yang kos beratus ringgit?

Siapa Yang Patut Merancang ?

  • *Isteri yang bergantung kepada sumber pendapatan suami, walaupun sedikit ( termasuk nafkah sendiri dan anak-anak )
  • *Isteri yang bersuamikan orang yang mempunyai risiko kehidupan yang tinggi, samada dari segi pekerjaan atau tabiat hidupseperti merokok atau selalu stress, gemar memandu laju atau selalu membonceng motosikal )
  • *Isteri yang bersuamikan orang yang mempunyai pelbagai jenis hutang
  • *Isteri yang bermadu kerana hak pusakanya menjadi lebih kecil apabila beristerikan lebih dari 1
  • *Isteri yang sedar kewangan keluarganya hanya cukup-cukup makan walaupun suaminya mempunyai pendapatan tetap
  • *Isteri yang bersuamikan orang yang tidak mempunyai pendapatan tetap seperti peniaga atau ahli perniagaan korporat
  • *Isteri yang mahu melindungi kepentingan dan kebajikannya dari suami yang tidak pernah kisah untuk mengambil insuran

    • Jangan biarkan masa depan Puan dan anak-anak tidak menentu seperti sekarang!

    Saya boleh membantu Puan mewujudkan “emergency fund” untuk membantu Puan meneruskan kehidupan seperti biasa walapun di saat suami Puan sudah tiada dimana Puan akan menerima 100% harta pusaka darinya tanpa perlu membahagi-bahagikan se-sen pun kepada pewaris lain.

    Jika berminat anda boleh menghubungi saya

Posted in Harta Pusaka | Tagged , , , , , , , , , | Leave a comment

Medical Card Murah Untuk Anak

Posted on June 16, 2010 by admin

Dengan premium serendah RM 43.87 sebulan untuk anak lelaki dan RM 40.40 sebulan untuk anak perempuan, para Ibubapa boleh menarik nafas lega jikalau anak mereka terpaksa dimasukkan ke wad hospital akibat penyakit atau kecederaan akibat apa jua kemalangan.

Ini kerana kad perubatan (medical card) dari AXA Affin akan menyediakan tabung perubatan berjumlah RM100,000 setiap tahun sehingga anak tuan/pun berumur 80tahun. Dengan kad perubatan ini juga, bermakna setiap tahun pihak syarikat AXA Affin akan memastikan jumlah RM 100,000 sedia ada untuk digunakan jikalau ditimpa musibah, tidak kira berapa banyak tuntutan telah dibuat tahun sebelumnya.

Dengan lebih 88 senarai panel hospital di seluruh Malaysia, anda dijanjikan yang kad perubatan ini diterima di kebanyakkan hospital swasta. 100% bil akan ditanggung oleh pihak syarikat.

Tiada co-insuran atau co-takaful seperti kad perubatan lain dimana tuan/puan terpaksa mengeluarkan wang poket sendiri untuk membayar 10% dari jumlah bil perubatan anak anda.

Dengan premium bayaran serendah ini, semua orang boleh memiliki kad ini. Jadi kepada ibubapa di luar sana, anda boleh menghubungi saya di talian 0132065756 (Nik) untuk mendapatkan nasihat secara percuma tentang kad perubatan ini. Lokasi saya di KL & S’gor sahaja.

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Free Seminar – Break Free Financially

Posted on June 14, 2010 by admin

Looking for a business that can FREE you from your job?,or if you aren’t happy with existing business, look no further, this is one seminar you MUST GO!

Presenting to you

FAITH LIN

Entrepreneur, Trainer & Successful Business Owner
” Building a million dollar residual income with minimum time & money “

Admission : Ticket is Only RM 20. If register before 17 June 2010, the ticket will be F.O.C   ( Refreshments Provided )

Date : 18th June 2010 ( Friday) Public Holiday

Time : 6.30pm to 9.00pm

Venue : Dataran 3 Two Square, D-19-01,
Block C, Jalan 19/1,
46300 Petaling Jaya,
Selangor Darul Ehsan

( Besides Oldtown Kopitiam )

For those who like to confirm your attendance, please sms to 0132065756 your Full Name. This seminar is open to 21 years old and above.

June 5, 2010

Contact Us

Our Office

Dataran 3 Two Square, D-19-01,
Block C, Jalan 19/1,
46300 Petaling Jaya,
Selangor Darul Ehsan

Phone : 013.2065756

Posted in Uncategorized | Tagged , , , | 2 Comments

How True Is EPF’s Statistic?

Posted on June 6, 2010 by admin

Newspaper or even your own financial consultant have told  you many times about the statistic from Employee Provident Fund ( EPF ) that majority of the contributor used up all their saving within 3 years after their retirement.

Today, I’m gonna proof to you all if the statistic is a myth or a fact.  Something like a mythbuster project.

By now you already understand what inflation can do to our hard earned money. Read my previous article called ‘ How Inflation Affects Our Buying Power” as it is directly connected to what I’m gonna show you .

Okay, let just assumed that  you have RM 100,000 from your EPF when you retired. How long will your money last if you have RM 100,000 and wish to withdraw on a monthly basis.

Looking at the above projection. I would say that the statistic that was mentioned by our EPF can be consider true. So what happen to this retiree once they used all their saving? Any idea ?

Before you give your comment, why don’t you have a look at this video. Is it funny or what?

Posted in retirement | Tagged , , , , , , | 2 Comments

The Best Medical Card In Malaysia

Posted on June 6, 2010 by admin

Finding the right Medical & Hospitalization Insurance (MHI) or Medical Card can be a daunting task. At present, we have over 19 insurance/takaful companies in Malaysia that offers such product. It will be a nightmare to go through all the offers from each company. It obvious, every client want to get the best plan.

At financiallyhappy.com, we always suggest our customer to opt for a medical card from AXA Affin Life Insurance Berhad. This is because we found that it is the best medical card in town at the moment.  Below, I have list down several reason on why we highly recommend taking this medical card.

No Lifetime Limit
It means that the card doesn’t impose any limit on how much or how many claims can be made in your lifetime.  Not like other medical card, which has a lifetime limit of 3 to 5 times of your annual limit.

No Co – Insurance

There is No Co-Insurance/Takaful impose on this medical card. Meaning you don’t have to share up to 10% of the total medical bill with your insurance provider.

Guaranteed Renewal
This medical card is guaranteed renewal until aged 80 years old regardless of how many claims been made in previous year. Hence, provide peace of mind to the client. On top of that, no loading or increase in premium due to your health conditions and claim record.

Wide Coverage
The card is  widely accepted in more than 88 panel hospital nationwide. Therefore, you don’t need to worry as the card is highly recognize and acceptable in major private hospital.

Affordable Premium

Surprisingly, with the highest coverage and the best deal that this medical card has to offer, we found that this plan is relatively affordable or cheaper than others. More value to our ringgit isn’t it?

If you are interested to find out how good is this medical card, please fill up the form and our world class consultant will get back to you within 24 hours. Don’t fret as there’s no obligation.  We are more than happy to share such great product with you.

Posted in The best medical card | Tagged , , , , , , , | 17 Comments

How Inflation Affects Our Buying Power

Posted on June 5, 2010 by admin

Inflation is defined as a sustained increase in the general level of prices for goods and services. When inflation goes up, there is a decline in the purchasing power of money. For example, if the inflation rate is 2% annually, then theoretically a RM10 pack of salt will cost RM10.20 in a year. After inflation, your dollar can’t buy the same goods as it could before.

So what are the causes of inflation? There is no one cause that’s universally agreed upon, but at least two theories are generally accepted:

Demand-Pull Inflation – This theory can be summarized as “too much money chasing too few goods”. In other words, if demand is growing faster than supply, prices will increase. This usually occurs in growing economies.

Cost-Push Inflation – When companies’ costs go up, they need to increase prices to maintain their profit margins. Increased costs can include things such as wages, taxes, or increased costs of imports.

I will not go into details on the definitions as I don’t want to confuse you all. What I am trying to explain here is how this inflation thingy is affecting our buying power. For easy understanding, I have upload a picture below.

As you can see in the above picture. Inflation is an evil thing. The value of your money is declining every year. This is one of the reason as why people should do their financial planning. People who wants to plan for their child’s education or retirement planning should consult a good financial consultant which  can help you to achieve whatever you future plan is. This is one of the services that our team of consultant can offer you.

Before I sign out, I have posted a historical data of Malaysia Inflation Rate for the past few years. This is something for you to ponder to.

Posted in Inflation | Tagged , , , , , , , | 3 Comments

Looking a rewarding career?

Posted on June 4, 2010 by admin

We are looking for a positive minded sales people who love to meet and talk to clients about financial planning. Your main role is to refer the right financial products for the clients in order to help them achieve their financial dream. Bare in mind that this is not a job, it is more towards career. Our consultants / associates is earning more than RM 4,000 a month within a year.

Benefits

  • Up to 35% commission
  • 6 years commission for one close deal
  • Quarterly Bonus
  • Annual Bonus
  • Recognition and Prestige
  • Fully paid local and international trips every year

Requirement

  • Male of Female
  • Must be 21 yrs old and above
  • Min SPM with 5 credits
  • Own Transport
  • With / Without experience
  • Stay in KL/Selangor

Interested candidates can come to our free career session every Saturday at PJ office. Please call 0132065756 ( Nick ) to reserve the seat.

Our Locations

Dataran 3 Two Square,
D-19-01,  Block C,
Jalan 19/1, 46300 Petaling Jaya
Selangor Darul Ehsan
( beside Oldtown Kopitiam )


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