TOP Money TIPS for Malaysians

If there is an easy and yet effective guidebook on taking good care of your hard earned money,
then please go for this one:



Title : Top Money Tips for Malaysians

ISBN : 978-983-3364-68-8

Author : Lau, KC; whom I met via googling at his http://KCLau.com.
His nice photo of a young face caught my first attention! Not sure of his age though.

Publisher: True Wealth Sdn Bhd, www.MillionairesPlanet.com.

List Price: RM29.90 (Please read on if you are interested to buy at a discount from me!)

Extend: 208 pages

There are a total of 24 tips which are organised under four categories, namely

• Smart Money Tips
• Money-Making Tips
• Money-Saving Tips
• Money-Protection Tips

These tips may sound mundane, but they are not to be ignored as they are simply practical yet seldom practised by most of us.

You may not believe that you could get your first car free! How? Make use of NCD, No-Claim Discount, of the motor insurance. In the example given in the book, you could earn your first used car of RM5000 eight years later. The gist of the lesson is how one can make full use of NCD when one adds himself a new expensive car, if one bothers to transfer the NCD to the more expensive car. I know of my money-savvy friend, CK, doing this. Read this practical guide in Chapter 13.

The above tip is a Money-Saving Tip. Let's look at a Money-Making Tip next.

I for one have been thinking of how to make money via Internet. Do a business by creating a website or a blog? The fear of time, money and effort to be spent and uncertainty of making any profit puts me off even before I get started! KC Lau has been getting more than USD5 monthly for creating a lens. You need to read Chapter 8 to find out what a lens is. I will try his method and shall blog on this again once I make my first US Dollar!

His last section of the book, Money-Protection Tips, dedicates entirely to the intelligence and advice on insurance planning. Practical tips on choosing a traditional or an investment-linked insurance; insurance switching; investment replacement; and how to choose the frequency of premium payment to your advantage are definitely very useful.

You may have noticed that I have not covered the first part of his book, the Smart Money Tips. I am leaving this favourite section of mine to the last. I am particularly proud of myself as this is one book that confirms my principle of earning versus spending money. Chapter 3 starts with a quotation credited to Lynson Forman that makes me happy, "Don't focus on how to spend less money. Focus on how to make more money." This chapter assures me that the risk management that I have been taking in dealing with money could be right only if I know how to find ways to make more money! And THANKS to the author, he has listed 50 ways on how I can spend less money as against 25 ways of how I can make more money! I guess what I need to do now is to look at each of these latter 25 ways seriously in order to live with a positive cash flow happily always.

I have found this book not an ordinary one as compared to the many titles on the book shelves, which are full of jargon and theories, that are far from practical. As a service to all my dear friends whom I dedicate this review to, I am offering you a special price for this book: you just need to pay me RM25.00 to have one copy delivered to your home within Malaysia. If you are interested, kindly email me at shpoh88@gmail.com. Offers ends before Christmas 2008.