Forex Course and Toyota Wish

Toyota Wish

Last Saturday 12th May, I went to Klang, car dealer to see Toyota Wish. I have choose one recon Toyota Wish year 2003. Its silver colour. Price after negotiation is RM125K. I already bring along with me all necessary documents like 3 months pay slip, EA form and EPF statement. All documents gave to the salesman for loan application and also RM500 deposit. I try to apply full loan.

On Thursday 17th May, received call from salesman informed that loan already approved but only RM120K. I inform that I don't want, because I need full loan. I only can accept if he reduce price. He will negotiate with his boss. At the evening 7.00 pm, he called to inform that his boss agreed to reduce RM2K only. I ask to reduce one more RM1K, if can not I reject it. Yesterday 18th May, he called that his boss agree. So the price is RM122K. Loan RM120k and I need to pay RM2K. I also need to pay RM1664.35 for insurance (after deduct NCD - NCD current car transfer to new car), RM279.20 for road tax, RM350 registration, RM350 inspection at puspakom and RM200 for Niki (custom purpose). Total I need to pay is RM4323.55. All this total is I not take from OD because OD almost finish. I use this from saving money. This saving is from sell Public Mutual unit trust (RM3K) and cancell ASB loan (RM5K). En Aziz ask to sell unit trust and cancell ASB loan during 1st time meet him. Maybe he mis look this amount during 2nd meeting.

Today I go there to pay and sign loan agreement. I bring along with me my wife, my daughter and my step son. I need this car before go back to home town next week. Salesman inform maybe difficult to get so fast because it take more time to deal with custom, but he will try his best.

Forex course

On Thursday, at 8.00 pm, I have Forex course. I don't have plan before to attend it, because I don't know there are the course on that day. My friend ask me to join it. The course is start at 8.20 and finish about 11.oo pm. Fee for this course is RM500. I don't know either RM500 for 2.5 hour course is expensive or not because for one hour appointment with en Aziz is RM650.

This course is organized by USS group speech by ustaz Sobri. This course is different from other courses I had attend before. Courses before teach about indicator, trend, when to buy or sell etc. But this course do not teach those things. This course is asking us to follow their decision to buy or sell by following some techniques. 5 techniques were given. Other techniques will give online.

There are also some job opportunities open for those who folow the instruction. To qualify it, need to submit 14 days trade report with no floating, and only use technique no 1 for trading. Salary 1st month - RM500, 2nd month RM1000, 3rd mth RM2K, 4th mth RM3K, 5th month RM4K, 6th mth RM5K and 7th month RM6K. On 8th month no more job but they give RM1K for trade. This job opportunities will give chance to other person after 8th month. As informed, so far there are 70 person under waiting list for this job. This job opportunity is no need for us to leave current job. I will try to apply job opportunities if trade record is meet the requirement.

After course finish, I go back and try technique no 1. I have got USD29.40 by using 5%x12 of my capital USD555.00. This profit is for 5 minutes make trading. Its really work. If this continuosly, in month 9th forecast income by ustaz Sobri is RM 300,000.00 for capital of USD 100.oo. USS group want to create more "jutawan senyap" online.

Bank's Matter

Today is Friday 11th of May 2007. Almost the whole day today I am dealing with banks. I have no plan before to deal with many banks today. It happen with last night plan. Why I am making last minute plan? Yesterday, after go home from work around 6.00 pm, I receive a call from RHB bank to mention that my 2nd OD already approved and I need to go there to sign an agreement, to open another current acount and other documents. I make appointment with them after Friday prayer. I plan to take a short time during lunch time after Friday prayer to go there.

Last night, after dinner and my daughter already sleep, as usual I make trading Forex online. During midnight, there are no forex trend or forex trend not so nice. I off PC and check documents related to the financial planning project which is the documents not manage well. I am startled after saw the OCBC power credit account statement. The payment due date is on 11th May that means today. I already saw the statement before but I thought due date is on 11th June. After check other documents BSN personal loan already over due (due date on 7th), HLB home loan also due today. If OCBC power credit I cannot settle today, there are interest charge and also late charge. If do not make payment late charge is RM90 (1% of RM9,000).

After go through all the document, I must settle all OCBC, HLB and BSN payment. After consider all these and also RHB bank for OD, I decide take leave. May be no need for me to take leave if I plan well before. My plan to do today are as below,
1) go to HLB Shah Alam to make payment of housing loan (cheque deposit machine)
2) go to OCBC at puchong to make payment. Total need to pay is RM9008.28.
cash RM500 and cheque RM8508.28. Use cash because I am afraid cheque can not clear by
today to avoid late payment.
3) go to HSBC puchong to make refinance home loan
4) go to BSN Shah Alam to make payment of home loan
5) go to RHB bank at Giant Shah Alam to sign agreement of OD
6) go to Telekom to settle telephone and internet bill
7) go to EPF to ask status of withdrawal application which is made on 2nd April
8) go to MBSA to pay "cukai pintu" - help landlord

All are as per plan except item no (8). I arrive at MBSA around 4.30pm. Door already lock and their inform close already and ask to come next week.

At Puchong untill 12.45. At HSBC it take around 1 and half hour. Its take long time because of waiting officer incharge is still with other client. During discussion about refinance, I inform him that if loan approved, I need to wait EPF withdrawal 1st to give to HLB. I mention to him that I already apply for EPF withdrawal to reduce homeloan since 2nd April, and EPF officer inform it take about 2 months to settle. Bank officer told me that normally for EPF withdrawal it take ablut 21 days only and ask me why so long. I have plan to go to EPF today and will ask about it. HSBC bank officer inform that for processing of refinance it take about 4 to 5 days. He also will check the market value of my apartment.

I arrive at EPF department around 4.00 pm. I ask the EPF officer about the status of my application. After she check inside her PC, she inform me to go inside to take cheque. My application already approved on 19 April. Today 11th May. That means its already long time my application already approved but I don't know. What OCBC bank officer inform me is correct because its less than 3 weeks. I took my cheque. Its more than RM51K. I have no time today to go to HLB Klang branch to submit EPF cheque. If I know EPF already approved quite long time ago, I can settle this matter early.

OD - limit RM32,300. Yesterday I check more than RM9K already used. Today I make RM8508.28 for OCBC, RM635 for HLB and RM442 for BSN. That mean already more than RM18K already used. Today receive statement from Citibank. Bill is about RM11K. Need to pay before due date on 27th May. If this amount also I use 1st OD, my OD almost full utilized.

How to pay back OD already used???? Next week I will call Kak Lin to make appointment with Mr Aziz. Need to meet him as soon as possible.

Tomorrow I will go to Klang with my collegue, mr. Yusof Salleh to see Toyota Wish. Base on OD balance and how to pay it, actually I am worried to buy it, but I believe that Mr Aziz have the solution.

Income Tax

One thing need to remember is to include income tax on our financial plan. In Malaysia, all individual who has source of income need to pay tax if after calculation its income reach the taxable income. Source of income includes income from business, salaries, dividend from shared, interest or discount, rent, royalties etc. The rate of tax depend on amount of total taxable income.

Today is the last day to submit BE form to Inland Revenue Board (LHDN). I plan to submit it on early morning, but at 8.30 received call from collegue to open office door. Today my office is declare as public holiday (replacement) and nobody come to office except who need to work overtime. They called me because I stay quite near to the office and I also have the office key. I stayed at the office until 10.oo am. After that I go back to take document to bring to Inland Revenue. Arrived at Inland Revenue around 10.30 and take pin number at the counter. This pin number is need to make e-filing to submit BE form online. I decide to use PC the Inland Revenue office because this is the first time I use it and also there are officer to help if there is any difficulties and also this is the last day to submit. I don't want any problem in the future. I am waiting until 12.00 noon to use the PC. I completed to fill in the form at 12.15.

I need to pay tax RM113.69 after tax rebate. I got tax rebate, zakat RM14.10 and buy new PC RM500.00. One thing I forgot to fill up in the form is tax relief of buying books. I have keep a total of RM186.00 resit that I buy books last year. I miss to include this one because today is too rush for me to do a lot of thing. I the future I will not waiting until last minute to submit the tax form.

After Inland Revenue Department, I go to the RHB bank seksyen 16 to make 2nd OD and to cash cheque to buy freezer and to buy ASB for wife. I also bank in RM550 from salary to OD. Last time already RM3000 already make online transfer. I write cheque RM4100 which is RM2600 I put on wife's ASB and RM1500 I keep to byy freezer later. For OD making, the officer I have met before is on leave, and I meet another officer. I request to make different current account for this OD than OD before but that officer inform can not. She inform for the same branch only one current account need for more than one OD. After that I called my seminar coordinator and he inform can make many current account. After discuss with bank officer, she ask her collegue at another branch, and I decide to go to that branch to make OD with different current account. I am lucky because the other branch is not far from this branch. I go there and submit the form. Waiting for approval, maybe next week. Around 3.15 pm I completed all this job.

I go back and took lunch. At 4.30 pm my wife and I go to electric shop, and we buy freezer RM1100 and tv RM400. Total RM15oo which is budget for freezer. My tv just broke down, thats why I buy new one.

KLIBF - Kuala Lumpur International Book Fair

Yesterday my family and I go to KLIBF to take a look of book and magazine. My wife buy some magazine and make subcription of MIDI for one year. My self buy 3 books (Blogger Blog Blogging, The True Power of Water and Kunci Bebas Hutang), my step child buy a comic and my niece buy a novel. We can improve our knowledge through reding activity and may be more chance to increase our income.

Goal of Financial Planning

To make our financial planning, we need to have our goal or target to achieve it. The common target is as below,

- to buy a new house

- to buy new car

- married

- education for our children

- vacation

- retired

- medical expense

- etc.

Priority of the goal is depend on each person situation and we need to make plan base on our priority.

There are three step to make financial planning,

1) Short term

What we are able to do in short term period, in one week or several month, but not ore than one year like to buy dress or saving for vacation.

2) Midle term

What we can do in the period from 1 to 5 years like to buy new car.

3) Long term

Is the longer period, from 5 years and above like to buy new house, saving for child education, etc.

Second Appointment

My second appontment had with CFP had done on 19th April. Appointment time is on 6.00 pm, but as 1st appontment it had delayed until 7.10 pm due to person before me not finish yet his discussion with CFP. My meeting with CFP is finish around 8.00 pm (about 50 minutes). This time I go together with my wife.

During this appontment, there are some updates of data given before. Credit card debt amount was increase from RM6372 to RM7922 (increase RM1550). No more monthly payment of ASB loan, ASB loan already terminate. Public Mutual unit trust already sold. My target to have new car also changed. Last time I plan to have Toyota Harrier, but I changed it to Toyota Wish.

I decide to change to this car is because I need to change to cheaper car and my life also not suit with me. What I mean by not suit with me is I stayed in low cost house and all neighbour also in low cost house and all neighbour is not use the expensive car. Even I choose Toyota Wish also still expensive compare with neighbour, the gap of price is reducing. Recon car of Toyota Harrier is about RM190K to RM230K, but Toyota Wish recon is about RM110K to RM135K for model '03 or '04. The other reason is in my work area there are seldom people only drive expensive car and they are almost manager level. Toyota Wish also still categorized as expensive car.

After restructure of my asset, debt and income, action to be taken are,

1. Must make CMS for balance budget

2. Salary(after deduct BRakyat PL)+other(RO machine) bank in to OD1 account on 26 April

3. Buy Toyota Wish(Recon) and take Max loan (RM125K), 9 yrs and 2.5% int.

4. Buy Myvi for wife and Trade in Satria (Max repayment is RM450) - Cancell

5. Buy Freezer RM15oo, take cash from OD1

6. Pay House loan and computer EZ payment 3 days b4 due date (use cheque)

7. Take cash RM2K from OD1 on 26/4 for daily expence until 25/5 (one month)

8. Take cash RM2.6K form OD1 to put in wife's ASB on 29/4

9. Issue cheque to put in OD1 (RM11K from citibank and RM9K from OCBC) - Done

10. After citibank and OCBC cheque clear, withdraw RM20K and buy ASB(certificate form) and make OD2.

Item no.2 I cancell after discuss with my wife due to we still have old car and we need to make more saving. May be later after all run in smooth condition I will proceed with this action. Our main target is to have better house around RM300K.

Improve Knowledge

Update of my project

Last Wednesday (28th March), my overdraft (OD) already approved. During lunch time I went to the bank to sign OD contract agreement. Total of RM60.00 were paid which is RM50.00 for OD processing and RM10.00 to open current account. I've got bank card on that day. Bank officer mention that cheque book I can take if after four working day and money of OD will transfer to my current account after 2 weeks. I get 95% from total amount of ASB certificate. I get OD RM32,300 from RM34,000.

Today I have three plan to do. Submit EPF withdrawal form to reduce housing loan, Refinance housing loan from HSBC and to apply Charge card from Alrajhi bank. What I have done is only with EPF office. There are long time waiting there due to many people are queue. I have no time to go to the other place. Why I want to apply EPF withdrawal and then apply to refinance my housing loan? Because I want to take my EPF ad to use it to make 2nd OD. I need to apply EPF 1st and then submit to current bank housing loan (HLB bank). After get cheque from EPF I give it to HLB and then apply refinance housing loan from HSBC bank. After refinance I can get the extra money because from EPF money its already reduce current amount of housing loan. If I apply refinance 1st and then apply to withdraw EPF to reduce loan, I get nothing with that because EPF cheque is named to the bank.

Improved knowledge - To get more money online

Yesterday, weekend (1st April), I attend "Trade Forex Through Internet" course conducted by "Forex Information Technology" and "Concord Consultant (M) Sdn Bhd". This is the second course I attend about trading forex online. First course on last year, October (basic) and this second course is advance course.

I learned new tips to get money online through forex. I also learned the factors that I loose during trading Forex. There are nobody perfect on Forex trading. There are step that we can become millionaire in just 200 days with capital only USD100. Its possible and also impossible. It depend on our skill and experience. Now I am making plan to become millionaire through Forex.

Expense Record

One of the action I need to take is to make CMS. I need to record all of daily expense in a small note book (555 book). When do I need to apply this CMS? I need to apply this CMS after my platform ready. Platform can called ready when Overdraft already approved and can use it.

Today I apply this practice even my OD still not approved. I apply this activities as practice before actual time that I need to apply and it is not a wrong action. In our life, we need to do this activity at any time, not only limited to a period of time.

Why we need to make record of all of our expense daily?

From daily expense record, we can use our money effectively. Meaning of use money effectively is we can achive our goal that we already set up before and we can manage our money efficiantly. We can minimise usage of money to get maximise benefit of products.

With practise of CMS we can create our attitude to make saving of our money and control our expence. We can know our flow of money, for what purpose we use our money and percentage of our money use by category such as for food, health, wealth, safety, dress, cosmetics etc.

We also can know which shop give cheaper price for the same product and same quality. From this knowledge we can use minimum amount of our money to get maximum benefit of the product or service.

Back to the my CMS today. From morning my expense record follow as what I expect. But in the afternoon around 12:00, I received a call from my friend fiancee inform that my friend have road accident and now he is at Salam medical centre. There is nobody to help him, its only me. He is my hometown friends, my hometown neighbour.

I go to the clinic, I need to pay clinic bills (RM170.00) and also to pay for ambulance to send him to Hospital (RM200.00). Also pay RM20.oo to the person help to sent him to the clinic.

I follow him to the hospital and go back at home on 8.00 pm after he sent to ward from emergency section.

What I want to say here is not my expense to help others but I want to highlight the unexpected expense. What happen when this situation happen? Also what happen when this situation happen to ourself or relatives? This situation will effect to our financial planning. And if amount for this situation is too big it will effect our financial freedom.