October 2nd, 2009 
DianaI have constantly been reading Personal Money magazine since 3-4 months ago. I don’t subscibe it yet but read it for free in MPH, Gurney Plaza in Penang. It sells for RM9 per copy and I must say that the articles are noteworthy. Because of reading Personal Money magazine, I have decided to put in more money into my EPF (employees provident fund) account from 12% to 50%. So that means, I save about half of my basic income every month just to earn higher interests compared to putting my money in Fixed Deposits giving me only a measly 2% return annually. Last year in 2008, EPF or KWSP (Kumpulan Simpanan Wang Pekerja) in Malay gave a return rate of about 4.5% to the depositors.
Personal Money magazine also have articles on choosing the right unit trusts and financial instruments to invest, being your own boss and success stories, money tips from featured writers, buying insurance policies and comparisons of the various public companies traded in Bursa KLSE and their profits. The magazine also teaches you how to grow your money and to cut down on credit card spending – and never to owe money via credit cards because of the 18% interests charges annually.
Yesterday, I was in MPH Gurney Plaza looking for the magazine but it was not found yet for October issue. Today I am going to check again but I am sure it will be displayed soon on the shelves. The magazine gives you insights on how to manage your money smartly and never to owe Ah Longs (illegal money lenders) money. It also introduce the use of debit cards so that you will spend within your budget. As long as you put in money into your debit card, you can spend up to the limit put in and not beyond that. Debit cards are useful for those who want to enjoy the priviledges of using credit card but you have to initially put in money first – as opposed to credit cards where you spend on borrowed money from the banks.
This year, I applied for Public Bank Visa Electron Debit card to withdraw money from my Paypal account and I manage to take out cash successfully after some difficulties and problems initially. If you like to know more knowledge on smart money management, then you can start reading Personal Money magazine or even subscribe to it. Every issue is different and there are many interesting articles written on financial matters. If you want to grow your money, then this is the magazine that you should not do without.
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If you need some help on the EPF from the private sector, I can represent OCBC to share with you little of it.
Waiting to hear from you soon.
Getting more financial intelligence through relevant reading and action is good.
Personal Money is excellent.
Tapping the right channel is even better.
We have a turnaround management process to help investors get better returns from their hard earned money.
Usually more than double the EPF rate, even through the recession!
Learn how to ride on a tried and tested process. Happy investing.
1moneymgr@gmail.com
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