Part 2: How Banks Secretly Earn Easy Money from your Mortgage
Continue from part1 of the same title - narrating the behind-the-scenes of how our client serviced his mortgage installments for more than 1 decade, only to discover his outstanding loan
General
Wicked! How Banks Secretly Earn Easy Money from your Mortgage
Real story of how our client serviced his mortgage installments for more than 10 years, and then realized the outstanding balance is even HIGHER than the original mortgage amount! Seeing is
How Devil Property Gurus Con their Followers (Kisah Benar)
Malaysians who had been blindsided by notorious property gurus running rampant in the property investment industry came out and shared this to others - hopefully it helps to heighten the
“Why insurer call for medical exam even when I declared I am healthy?”
Oh, the hassle of going to the doctor's clinic or hospital to do medical check as instructed by the insurance company when you apply for insurance. Yet, you may have seen
Got insurance but no assurance?
How is assurance difference from insurance? Do you know that some people have multiple insurance policies but actually very little or invalid assurance? How can that be? And how to check and prevent
How much you can earn from a YouTube channel (passive income that Grows FAST)
By revealing to you behind-the-scenes of CF Lieu YouTube channel No Holds Barred Here's the thing: Subscribers count does NOT matter (aka 'vanity metric'). You will see that CF Lieu channel earns
True Signs you cannot afford your approved mortgage(s)
Purchasing a property (and getting a long term loan comes with it) is one of the biggest adulting process you can never be too prepared for. Getting approved for the home
This Almost Caused a Market Meltdown (how you can escape unscathed)
This is High Level Investing knowledge. Read the background story HERE first Then watch the below for my commentary where I break it down into layman explanation for your understanding.
Why Value Investing Strategy is Dead (since 2020)
And why should you care? Now that Covid19 has changed the world like never before? More details, watch below.
How Free-for-All EPF Withdrawal (i-Sinar) can affect you
...in terms of future EPF dividend returns ....even if you don't need to withdraw a single cent from your EPF account 1 (aka not participate in i-Sinar) More details, watch below.
Shocking! Cheated for 5 Figures by Insurance Agent
When I first heard my client related his kisah benar to me, even I was surprised at how this happened The audacity, notoriety and blatant disregard of ethics of the insurance
Special 2020 Tax Relief you may have MISSED
Below, this 5 min info will be the best time spent this month Only if you want to buy a desktop computer: How to avoid getting non-compliance penalty if you are
how much insurance can you buy (if budget is not a constraint)?
Yep, we are going to answer that today. If you're retired or unemployed, what kind and how much of insurance can you apply for? How much can you buy for your
Unit Trust vs ETF vs Robo Advisor
If you are confused with the many conflicting opinions or claims you heard so far on which one is better for you... …then this video will clarify EVERYTHING. Watch below. Highly recommended that
The Best Instrument to get 3x FD Rate now
These are the Exact Fixed Deposit Substitutes you can use to 1.2x to 3x your FD Rate (1.7x percent) Safely & Consistently going forward …without needing to invest in stock market,
Do you really need P.A.? Y/N? (Answer inside)
Yes, Personal Accident policy is relatively inexpensive. Most people don't even bat an eye on the premium cost. Some who do have it, do not realize how useless it is. Because your PA
REVEALED: Our Insider Insurance Appeal Process
We regularly get compliments from clients on our seemingly uncanny high success rate when it comes to insurance appeals. In case you aren't aware, it is a negotiation process where we
Medical: Rider vs Term ~ which one is REALLY better?
You may have heard someone said a medical card in the form of rider is better; on the other hand, someone else probably told you the complete opposite, stating a
Risk Management Approach for Investing in 2020
This month, I wanted to give you a high level overview of what precautions to take based on what has transpires so far. Specifically, insights on equities and property market. First,
Endgame: ILP Sustainability in Jeopardy [Case Study]
This is a very good example on what happens to your investment-linked policy sustainability when you are over 70 years old. It's so important for you to plan and allocate funds
Hike in Insurance Charges – what’s that & how to handle?
If you've had an insurance for a couple of years, you are likely to encounter this - Hike In Insurance Charges (nope, it does not mean direct Hike in Premiums) This
How we get medical card application from Postponed to Approved
If you are in your 40's or above, chances are - it won't taking a stroll in the park when you apply for medical insurance (aka medical card). The worst outcome
Stupid & Smart Way to Buy Large Sum of Insurance
So here's the thing...like some things in life, you probably need to go to both ends of the spectrum to know the entire picture. How can you understand what's evil in
Timeless Strategy to Invest in 2019 & Beyond
You might have tried every investment vehicles out there - stocks, real estate property, unit trusts, and even bitcoin maybe. And you might have learnt every investing approach there are -
Why your Medical Card Reject your Claim (Why and what you can do)
Picture this. You pay for your medical card premium for n-th number of years. Then one day, you need to be admitted to the hospital. You expect hassle-free, cashless admission. But suddenly hospital informs
Kisah Benar on Cancer Treatments (the bill will shock you)
How High can Cancer Treatment Bills go? The subject line is self-explanatory and I hope this serves as a useful practical (not medical) perspective for your reading this. Withhold your judgement
Things that are inside the policy contract but isn’t in the quotation
If you've been admitted to a hospital before, have you wondered why the specialist come to see you twice a day, but not less and not more? That seems to be
How Banks Blindside you in Broad Daylight if you’re a Financial Idiot
If I were to offer you something that gives you 25% return in 15 years, would you take it? Most people first reaction would be - 'YES!' then they will be
KD+30M+IF = Insider Formula to Rapid (& Safe) Weight Loss
"But why I want to lose weight in the first place?" Because every few weeks, we got new AskCF members who asked in their very first question: 'I am in urgent need
How to Survive the Stock Market Post GE14
Impacts of Pakatan Harapan’s GE14 manifesto on sectors and stocks. Consumer goods sector to be resilient in 2018 and 2019 as the new PH government is expected to abolish the GST,
EPF-approved funds with foreign exposure: Complete performance comparison table
Updated 15/2/2018 This table is computing the total returns up to end 2017 if you were to invest RM 50k into the list of EPF-approved unit trust funds with foreign exposure,
Best cost efficient medical card for elderly parents
I always got an equal number of inquiries when it comes to buying a medical card for: Your childrenYour elderly parents In your opinion, which one should we prioritize over? Most people will
How we helped a client get his insurance approved without loading/exclusion
I am sure you are aware of the outcomes below when it comes to insurance application: Approved per standard case, as quoted (best case scenario, standard premium, full coverage)Approved with loading
Get your credit application Approved like a Pro
Don't underestimate this knowledge on how to get your credit application approved (or never rejected in the first place). Let me put you in a situation. You discovered a dream home for
How to help your parents get 2x FD returns from their savings
Have you been in a scenario where a retired/non-working elderly parents/relatives always hunt for the best fixed deposit deals from banks to park their retirement money? They are usually very risk-averse
How to ‘use’ your parents to get more money back from the right tax relief
In this month's episode, I answered the questions: What is the evidence required to claim the 3,000 parental tax relief from 2016 to 2020...(remember, you don't want to mess with IRB
A 92 y.o. was ‘slaughtered’ by an insurance agent 30 years ago; daughter helpless
Before all these money scams / pyramid schemes became popular, one of the common methods to save & invest for long term is via insurance savings plan (aka endowment plan) But
The lies you’ve been told about value investing practised by Warren Buffett
The "conventional wisdom" has always been that Warren Buffett's success can be explained by his stock-picking skills and his discipline. And that lead people to adopt his stock picking strategy aka
Copy & Paste this Framework to Construct your Financial Roadmap
People always asked "how do I know if I can sustain my lifestyle until my twillight years with what I already have?" In other words, they are looking to quit or slow
Webinar Recording: Shortcut to getting world class investment returns
Profitable + consistent annual returns in long term investing doesn't have to be a scary, frustrating experience. This is your ultimate shortcut to getting world class investment returns, matching even Warren
Private Equity Investment Update – case studies
Back in Oct 2015, I did a webinar with KCLau (recording way below this page), educating the public about the legitimate form of private equity investment in Malaysia. These are
[Case study] Is it still worthwhile to buy medical card when you are older?
Considering the cost of current medical procedures now and future medical inflation, is it more worthwhile to either self-insure myself or buy a medical card? I got asked the questions above
Medical cost & claim amount in Malaysia (2014-2015)
When we buy and maintain a medical card, we must know the estimated costs of common medical procedures in private hospitals. It could vary from one hospital to another. The
Insider information – Mortgage loan process and approval criterion
The below is a detailed scanned presentation slides outlines the following aspects in mortgage loan application & approval: Classification of high risk occupationsHow Debt Service ratio (DSR) is computed,especially how financing
Mortgage Calculator w/ Principal Reduction Visualization
The loan calculators you obtained online (like iMoney or Loanstreet) will tell you the difference in total interest paid when you change the interest rate variable, say, from 4.40% to
Savings Plan versus FD 2016
A member, Darren Chow, asked if an endowment plan from GE, Great Premier Wealth (GPW) is better than FD 3% in 2016. The GPW Plan needs you to pay 6k
Inpatient Hospitalization – how itemized medical bill looks like
This is a medical case which I could share with you - a 3 y old child who had emergency admission into private hospital on a weekend. Reason was -
The pitfalls of insurance due to customer negligence #2
The story below comes from my FB timeline - a case relating to AIA Singapore. Click to enlarge.