Category: Finance & Budgeting
-
Private Retirement Scheme (PRS): What’s the Deal?
This is just Part 1—stay tuned for more as the story unfolds. Don’t miss the next chapter! Click here to read Part2. I’ve been a PRS agent since the early days back in 2012 so let me share what I’ve learned about PRS over the years—and more importantly, how it can work for you. Have…
Written by
·
-
Attention Content Creators: Unpaid Collabs Could Be Costlier Than You Think!
Recently, I came across an unpaid collaboration offering only food vouchers. But here’s the catch: they required a TIN (Taxpayer Identification Number) for e-invoicing. This raised a red flag. Could this mean even unpaid collaborations—where we receive products or vouchers—are taxable? The answer isn’t great news for us creators. In Malaysia, any benefit received…
Written by
·
-
How I Started Investing in Unit Trust and How It Saved My Family
I started investing in unit trust when I was fresh out of university and just stepping into the working world, about 20 years ago. Back then, it wasn’t a consistent habit – more like whenever I had some extra cash lying around. Why? Because I had to juggle between two priorities: saving for emergencies and…
Written by
·
-
How I Got Caught in a Holiday Membership Trap in Bali
Looking back, one of my biggest regrets happened in 2010. My husband and I were barely a year into our marriage when we found ourselves saddled with a RM30K holiday membership debt. And no, it wasn’t because we were being extravagant – it all started with a cleverly disguised “reward” trip to Bali. Here’s how…
Written by
·
-
Harta Sepencarian: Protecting What’s Yours Without the Drama
Ever wondered what happens to your property when you’re no longer around? No, this isn’t the plot of a 7pm drama, but if you’re married, Harta Sepencarian (matrimonial property) is something you should pay attention to. Let’s get deeper – before your future becomes an episode of Family Feud: Syariah Court Edition. What’s Harta Sepencarian?…
Written by
·
-
Why You Still Need a Medical Card, Even If You Prefer Government Hospitals
Government hospitals are lifesavers when it comes to affordable treatments. But here’s the truth: not everything is free. While doctors’ consultations, basic care like room and board, and some medications or implants are heavily subsidized, certain treatments can still burn a hole in your pocket. For instance, if you need titanium screws or plates for…
Written by
·
-
How My Client Secured Her Family’s Home Without Conditional Hibah
Let me share a story about a client who wanted to ensure her family home stayed with her loved ones without financial complications. Passing on property isn’t always straightforward, especially when faraid and housing loans come into play. Why She Doesn’t Choose The Conditional Hibah Route At first, she considered a conditional hibah for…
Written by
·
-
Takaful as a Tool to Relieve the Debts of the Deceased
Takaful: A Practical Solution for Settling Debts After Death When someone passes away, any outstanding debts they leave behind must be paid using their assets, even if it means using up everything. This ensures their obligations are fulfilled before the remaining wealth, if any, is distributed to their heirs. However, if the deceased leaves no…
Written by
·
-
Does the deceased’s debt get passed on to their heirs?
If someone passes away and leaves behind assets, their debts must be settled using those assets, even if it means using everything. In this case, the family has no claim over the assets until the debts are fully paid. However, if the deceased didn’t leave any assets, the family isn’t obligated to settle the debts.…
Written by
·
-
Are Unit Trusts Suitable for Emergency Funds? Let’s Break It Down.
Yesterday, I met a friend who’s going through a rough patch in her career – her future feels uncertain, and she’s understandably stressed. During our chat, she shared how a unit trust agent approached her at the café she is currently working at. The agent, initially pretending to need her mobile number for venue bookings,…
Written by
·
Aliyawanders 