Kiyosaki: “Savers are Losers” – A Sad Truth with a Catch

One of principle that has been emphasized by Robert “Rich Dad” Kiyosaki is that “Savers are Losers“. Yes, you read it right: the one who saves money are the losers. This is actually a sad truth that nobody can denied. But why he even say that? Is that mean we don’t have to save money at all ? What’s the catch ? Since when ?

Although personally I do not really like Robert (try to sit on one of his seminar, not only he is swearing a lot, but he is rude to practically anyone publicly), but it does not mean that what he preaches is not good. On the contrary, many and many of his teaching is pure gold and something really need to be adopted by every one. This is one of them…. Read more

Be Careful With “Interest Only” Homeloan/ Mortgage: a Potential Problem You Should Know

One of the selection when you  take a homeloan/mortgage is that you can choose to pay “Principal and Interest” or “Interest Only”. On many occassion, I do recommend to take interest only whenever possible especially if you’re an investor, because the advantage is that you will pay cheaper repayment every month, and if you’re investor that extra money (the difference) can be use for other type of investment that give you more Return of Investment. However, before you really do choose “interest only” loan, you need to understand fully a potential problem associated with this type of loan. Read more

Improve Your Finance Position: The Big Picture

Most people will think that to improve their finance position what they do is just increase their income. Unfortunately, that is not true at all. When people get an increase on their earning, immediately they increase their expenses: new house, new car, new TV, holiday, an many more. After a while they will found out that they are in the same position like before: living from pay check to pay check, no or negligible saving, and I bet the debt in form of credit card debt or other debt is even higher than before.

You can see the same situation with all those instant millionaire who won a lottery of some kind. After few years or even faster, their financial position not only go back to where it was before the winning, but also many found themselves in much worse position.

On the other hand, for those who knows the secrets, even without any increase in their income,  their financial position can be improved significantly: less debt, financial protection, more saving, and improved lifestyle. So, what does it takes to improve your finance position? Read more

Effective and Smart Budgeting With No Hassle In 15 minutes!

When talking about budget and actually doing it, some  people seems to bother more about which software that they need to buy, which method do they need to follow (as in accounting method ), etc.  On the other side of the coin: some people only do the budgeting on their head, as remember everything on their memory. And the rest of us simply don’t bother about any budgeting at all….. Read more