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Millionaire Mind IntensiveMost people never become as financially successful as they could be and go through life never knowing why. They ask questions like: Why isn’t the government doing enough to help? Why aren’t our salaries keeping up with the rising cost of living? Why is life so unfair?

But instead of asking “why” the better question to ask is “how”.

HOW can you change your financial future? How can you BE one of those people who ARE rich?

It’s easy to point the finger at the economy all around the world. It’s even easier to cross your fingers and secretly hope things will miraculously get better for you.

The honest truth is your financial success has nothing to do with the housing market, the stock market or even how much money you earn. The ROOT of the problem isn’t external, it’s internal.

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EPF Announced 6.35% Dividend for 2013


The Employees Provident Fund (EPF) announced dividend rate of 6.35 percent for the financial year ended 31st December 2013 after obtaining approval from Minister of Finance. It was the highest since year 2000 and 0.2% higher than 6.15 percent announced in 2012.

Kindly refer to “Historical Employees Provident Funds (EPF / KWSP) Dividend Rate” page for EPF dividend rate table & chart since 1952. You may want to compare it with by using EPF Dividend Calculator.

The total dividend payout stand at RM31.20 billion from RM35 billon investment income.  The remaining are used for investment expenses, operating expenditures, statutory charges and net impairment allowance on financial assets. The payout representing an increase of 12.81 per cent compared to RM27.45 billion recorded in 2012.

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Statistics of Units Trust Funds in Malaysia

Units trusts are one of the most popular methods of investment. It potentially generates higher returns when compare to fixed deposit or EPF saving. In the past few years, the number of approved unit trust funds, growth steadily.

The table below are the statistics of unit trust funds in Malaysia, including the number of approved fund management companies, no of approved funds, total Net Asset Value (NAV) and its percentage to Bursa Malaysia market capitalization. The data was at 31st December 2013.

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RM500 Billion In Debt – Is The Malaysian Government Bankrupt?

Bankrupt“We are going bankrupt in five years time”

“The government has no more money and we have RM500 billion of debt”

“Mismanagement and Corruption has made us poorer”

These are the routine statements you may have heard regarding the state of the Malaysian government finances.  But do they hold any water?

A while back, in Book 3 of the 259 Trillion Vs 5 Trillion Series, my co-author and I have presented the calculations of the US Government assets and compared them to the so called “mountain of debts” and found out that the opposite was the truth, that the US has far more asset than debt.  People with their own agenda use half-baked statistics to propel “unsuspecting” citizens to become angry and extremely emotional toward their own governments, masking their true intention, which is mostly for power grabs.  As such, with such roaring emotional outburst of various camps on small issues, I will try to dispel a few myths on the Government of Malaysia.  One should view things with brains and facts and not on sensationalized half-truths and emotion.

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Tabung Haji Declared 8.0% Bonus/Dividend for 2013


Recently, Lembaga Tabung Haji or Pilgrim Fund Board of Malaysia announced bonus comprising 6.0 per cent annual bonus (dividend) and 2.0 per cent special Hajj bonus for financial year ended 31st December 2013.

This bring the total bonus to 8 percent. The total bonus is similar to the amount declared in 2012.

The Hajj Bonus is only to depositors who have not performed their Hajj and limited to the current hajj fee (RM9,980) or their average monthly deposit for 2013 which ever lower.

Kindly refer to “Historical Tabung Haji Dividend Rate” page for previous year dividend.

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