Money Slave To Money Master

Money Slave To Money Master
What Your Teachers, Parents and Banks Didnt Tell You!

Money Slave To Money Master Page 1
DISCLAIMER AND/OR LEGAL NOTICES
The information presented herein represents the views of the author as of the date of publication. Because of the rate with which conditions change, the author reserves the right to alter and update their opinions based on the new conditions.
This report is for informational purposes only and the author does not accept any responsibility for any liability resulting from the use of this information. While every attempt has been made to verify the information provided here, the author and their resellers and affiliates cannot assume any responsibility for errors, inaccuracies, or omissions.
Any slights of people or organizations are unintentional.
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Table of Contents
Introduction Chapter 1 : Money and I During Primary School During Secondary School During University 4 7 8 11 14
Chapter 2 : Debts and I Working Life My First Car My First Credit Card and Second One and Third One
17 17 19 24
Chapter 3 : Managing Debts, Efficiently Why Do We Hate Monday Mornings? List Out All Debts Pay Debts with Lower Interest + 10% more Pay On Time Reduce / Stop Usage / Delayed Gratification
28 28 29 31 32 33
Chapter 4 : Savings Pay Yourself First The Eighth Wonder of The World
35 36 39
Bonus Chapter 10 False Beliefs About Money 44
Recommendations Websites Books 46 47
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Introduction
Money Slave To Money Master is a book that tells a true story of the relationship of the author with his money.
Reading this book you will learn how to: Identify your relationship with money Manage your money better Create wealth using the power of compound interest Maximize your income and minimizing your debts
What this book is not intend for: To provide financial services advice
As a solution to serious debts. However, the tips in this book
should help.
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This book is intend to remind you of the things that you already know, however the institutions that like to lend money are happier if you, like many others have forgotten.
The institutions that we borrow from do so to make a profit. They make a huge profit out of us. If you consider some of the statistics on bad debts you will realize just how much money they make to accept risks such as bankruptcy at young age.
THOSE under-30 are the leading age group for people declared bankrupt due to credit card debt. This startling finding reveals the other dimension to the general problem of credit card debt which has now reached RM23.3 billion.
Out of the 3,548 people declaring bankruptcy by credit card, 1,774 belong to those aged 30 and below, said Datuk Abdul Karim Abdul Jalil, director-general of the Department of Insolvency Malaysia. That works out to a staggering 50 per cent.
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It is only when you understand this money making principle that you will be able to take that same principle to reduce your own borrowing habits and become totally debt free.
Last but not least, take your time when you read my story and when you have finished reading, dont forget to take action!
Towards Being A Money Master, Andrew Stephen Lau
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Chapter 1: Money and I

I was born in a popular town called Ipoh. Both my parents are teachers at that time. Due to family obligations, we moved to Bukit Mertajam, Penang, some 2 hours from Ipoh, to stay with my grandmother.
My father then became owner of a bookstore together with my uncle. My mother is still a teacher since then. My grandmother was the one who took care of me and my younger sister when my parents are at work.
If my memory serves me well, my first encounter with money was when I was in Standard One, primary school. That time, a plate of rice with minced char siew (barbecued pork) only cost RM0.40 at the school canteen. Surprisingly, soft drink back then is more expensive than that plate of rice! RM0.50 I remembered.
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During Primary School I still remember a few incidents where I got ripped off by my classmates.
I have purchased a piece of Garfield sticker that is a size of my left ear (for your information, both my ears are the same size) for RM0.50. My pocket money that time was only RM0.50, just enough for a plate of rice with minced char siew and RM0.10 to save.
My mother was furious when she found out I had to starve for that piece of sticker. She said, Why you so stupid? You got ripped off! (Of course that werent the exact words she used as it would be too tough for a 7-year old boy to understand. But you know what happened, ya?)
To me, money is just something that can exchange for things that I like at that time. Although that plate of rice is one of my favourite food during recess, I liked the Garfield sticker more as it was huge. Most of the stickers I had at home were as small as a RM0.10 coin.
I also had an experience where my friends mother actually came to school to ask me to give back the RM1.00 I borrowed from my friend
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a day before. I was going to give him back the next day but his mother took action first.
To me, back then, money seemed to be very important and I became very afraid of money, especially keeping it.
I was appointed as the treasurer for my class fund. We collect RM1.00 a month for miscellaneous expenditures such as photocopying extra worksheets, class year end party and such.
Every day I go to school with fear that I would lose the class fund. I bring it to school and lock it in the cabinet which only I had the key. I take it out and bring back home end of the day. I was very scared when the class fund got more and more every month.
I resigned as the treasurer one day when the class fund reaches more than RM100. When my class teacher asked why, I just couldnt tell her the truth. I said I just dont want to be the treasurer. Thank God she appointed someone else.
When I think back, I wasnt very savvy with money during my primary school years. In fact, I was even afraid of keeping money! Nothing
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was taught to me about money by my parents or teachers, apart from the usual mathematic operations.
My thoughts about money during primary school days: Money is to exchange for things that I want but it is also causing trouble!
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During Secondary School Then I grew up (duh?) and there I was, enrolled in one of the famous secondary schools in Bukit Mertajam, Penang.
As usual, I didnt take up any of the positions offered in class (class monitor, assistant class monitor and especially treasurer) because I was simply afraid of taking responsibilities. However, things started to change as I was entering Form 2.
At that time, my dad was a salesman because the bookstore has to close due to strong competitions (the arrival of MPH, Popular Bookstore and such). Besides books, my dad also sells some other related stuff.
It was 1997 when Malaysia was struck with haze because of the forest fire in Kalimantan. My dad had order boxes of facial mask for sale. He gave me 2 boxes of 50 each to be sold at school. I was so nervous but I had to do so because my dad told me the sales I make will be my pocket money.
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Selling wasnt that hard for me actually because during my primary school years, I helped my uncle in his bookstore (my uncle operates a small bookstore in one of the schools).
So I sold all 100 pieces of facial masks and I made RM40.00 after paying my dad the cost. I was very proud of myself and I thought Hey, this is easy money!
I was a stamp and First Day Cover (FDC) collector since 13 years old. My mother subscribed the FDC for me from the local post office. Then I realized that I can purchase them at the post office whenever they release a new series without subscription.
To my surprise, I was not the only FDC lover in school. So I volunteered to purchase the FDC for them for a fee; and those fees collected are enough to cover my FDC and transportation cost. Boy was I happy that not only I get to have my FDC for free; i actually have some extra to put in my piggy bank!
Many things happened in year 1998. I was in Form 3, the movie TITANIC was aired, and not to forget Commonwealth Games in Malaysia.
I had a classmate that has the same mindset as me at that time. At that time, the movie TITANIC was a hit! Everyone is talking about it, all the girls are crazy about Jack and his postcards and photos are everywhere!
So, we thought, why not we also start selling photos of TITANIC casts? That was the time we learn the concept consignment. We took catalogue from one of the seller, we took orders, collected money and we only pay the supplier our cost price. We wait for the order to come and we just deliver. All that without a single cent spent! At the end of the day, we make about RM80 each.
Other than that, I also started selling books from my dads stock to my classmates to earn pocket money. 80% of my pocket money comes from selling books and various sellable stuff. I consider myself very smart, uh?
My relationship with money during secondary school: It was easy making money by selling stuff that people want and I dont mind earning money from my friends.
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During University University days were very much different from my secondary school years. Apart from the syllabus, friends and environment, I no longer sell stuff to get pocket money. In fact, my parents paid for my hostel stay and gave me pocket money every month.
Coming from a not-so-rich family, my pocket money was only RM300 a month. I studied in one of the famous college in Nilai, Negeri Sembilan. Food cost almost the same as Kuala Lumpur so I guess RM300 wasnt that sufficient.
With RM300 a month, I am expected to spend on food and my mobile phone prepaid credit reload of RM30. I am left with RM270 for food and other expenditures such as photocopy and books. Sometimes, I had to ask for more money from my mom because books in university are really expensive.
I was very active in extracurricular activities in college. Almost everyone who joined clubs knew who I am. Besides, I was also given a chance to be Master of Ceremony (Emcee) for some big events and that had given me an advantage.
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Soon, I volunteered myself to be emcee for many events organized by other clubs in exchange for meals! I had about 10 20 dinners subsidized by other clubs in exchange for my service as emcee.
There, I saved on my pocket money! I am a big eater and that was the happiest news because with the same amount of pocket money, I can have more meals or bigger portions! That goes on until I finish my degree.
My relationship with money during university days: I exchanged my service for things that I need to buy with money. With that, I can afford more things with the same amount of money.
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Summary I wasnt taught much about money when I was small . Only thing I learnt was that I can sell things to earn more money.
My parents also emphasized on saving. So I had quite a substantial amount of savings from money I got during Chinese New Year and my part time job wages.
I got my first mobile phone with my own money!
Generally, my relationship with money before I start working was quite a pleasant one because I was never in debt.
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Chapter 2: Debts and I

My Working Life I graduated from university and soon got a job. I was working in my University College (upgraded from college status) as an officer of Student Services Division. In fact, that is my first encounter with debts. I was bonded for 1 year as part of the repayment scheme for taking a loan for my final year studies. Yes! I got in debt even before I start working. Luckily, it was a 0% interest loan.
Part of my salary will be deducted to pay off the loan. I continued to work there for another year and financially, I was doing fine. I had no debts after the 1st year, accommodation was provided because I was the hostel warden.
I had no car so I dont have to pay for car loan and petrol. In fact, I was financially sound that I changed my mobile phone every 6 months! (FYI, I only buy 2nd hand mobile phones)
I had a total savings of about RM12,000 in my bank account the day I left Nilai for another job in Petaling Jaya! That is when my expenses increase and debts started to appear in my life.
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Although I had been offered a nice paycheck for my new job, which I was excited about it, my expenses also increased. Now, I had to pay for rent, transportation to go to work, food are more expensive now, I had to buy new working attire and such.
I was still doing quite well before I got myself a car Perodua Myvi 1.3 EZi.
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My First Car It was about a year before I bought my first car. I carpooled with my housemate and luckily his office is about 200 metres from my office.
Sometimes, I had to take taxi because my working hours is crazy. (FYI, I was in event management) So, owning my own car would be a good idea as I can travel around easily.
My monthly salary was about RM2,700 (gross) at that time. I was looking for a decent car that is not expensive. Ultimately, I chose Perodua Myvi because I used to ride in my housemates Perodua Myvi. It is a spacious car with good review.
Oh, let me get it straight. The car didnt get me into debts; the car loan is the culprit. I went to the Sales Office and talk to the salesman. I told him my objective cheap and nice. Then he showed me this promotion from one of the local banks. It is a Step Up plan. Step Up Plan A plan where you pay less at the beginning of the tenure and it gets more and more expensive as you go.
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Of course I was so happy because it fulfills my objective CHEAP! During that time, my concern is I pay less so I can have cash flow. I thought to myself, It will not be a problem paying more in the future because my salary will surely increase!
I was wrong to think that way, unless I want to keep my car until the car is no longer movable. Now, I am stuck with this car because if I were to resell my Myvi, I will lose more money because of the settlement that I had to pay. Dont understand? Check out the figure below.
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Figure 2.1 The value of the car is always lower than the balance of installment one had to pay when they are into Step Up plan.
Looking at Figure 2.1, if I were to change car at Year Six, I can only sell it at RM20,000 (maximum) but my repayment still has RM25,000 to settle. Which means, I am losing RM5,000!
Lets see if I had taken a normal car loan plan.
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Figure 2.2 If I had taken up a normal car loan plan, the graph will look like Figure 2.2.
If I wanted to sell my car at Year Six, I will be able to sell my car at RM20,000. My repayment balance is also at RM20,000. So theoretically, I did not lose any money.
However, if I decided to sell my car only at Year Seven, I may have a little surplus.
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My Advice: If possible, try not to go for Step Up plan. Fortunately, I heard that this kind of plan is not popular in the market and thus, lesser banks are offering it now.
With normal car loan plan, your monthly repayment will be the same while your income increase, isnt that better?
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My First Credit Card and Second One and Third One I have heard of credit card during school days. However, I thought it was something that allows you to replace bringing cash wherever you go; something like a debit card.
Of course I have heard of people owing money to credit card companies or banks. I thought perhaps they didnt pay on time, least that I know there was interest rate.
I applied my first credit card when I wanted to buy a laptop. Yes, it was for the 12 months 0% interest installment purchase. The laptop cost RM1,600 at that time and with credit card, I only need to pay RM134 a month! That is so affordable!
So I got my card and happily purchased a laptop. Then I bought a back massager for my parents, then I use credit card for petrol, insurance and some grocery purchase.
Again, I was doing fine until I can no longer pay off my monthly credit card bills. It was affordable initially and it added up to an amount where I cannot clear the balance.
Then, I only pay what I can afford. But the balance is still there! Did you ever experience like Why is my credit card balance still there? I told myself, Its ok, a little bit of interest does no harm.
The day I went deep into credit card debts was the day I signed up another credit card with another bank. Why I did that? Because this other banks credit card offers 6 months interest free balance transfer!
Yes, shame on me! I have a credit card balance that I cannot afford to clear on my first card. I had to transfer the balance to another card so the interest wont kill me! (It was a frustrated experience, thats why you see all the exclamation marks)
Now, both my card has RM5,000 credit. I almost burst my first one so I transferred RM2,500 to another card, with 6 months interest free period. Only realized it later that I have to pay for 2 minimum payments now!
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Debt
Interest
New Debt
New Interest
Debt creates Interest. Interest creates New Debt. New Debt creates New Interest. And it goes on and on and on I was trapped by the time I realized that!
I got panicked. My income wasnt enough for me to pay all the balance. Then my friend introduced me to another credit card that offers 3 months interest free advance cash. I was like, Thank God there is such service. I can withdraw cash and clear my second card!
I applied and of course my application was approved! I withdrew RM4,000 from my third card and paid some for my first card and some for my second card. Now, thinking back, that was a silly move!
That time, I know I am in deep trouble as I have 3 credit card payments to be made every month! My debt is higher without me
realizing it. Then it came to my mind that I was borrowing money to pay off the money that I borrowed from someone else.
Meaning, I am incurring a new debt to pay for my old debt. Now, at that time, my parents didnt know I was in such situation. (I bet they know now if they read this book).
With all the 3 credit cards, I had a total of approximately RM14,000 worth of debts! My income that time was RM3,000 a month (gross income)!
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Chapter 3: Managing Debts, Efficiently

Why Do We Hate Monday Mornings? and Tuesday, Wednesday, Thursday Mornings? This table illustrates Mr & Mrs Averages working week based on a 40hour week over 5 days. Hour 1 2 3 4 5 6 7 8 Mon TAX TAX TAX TAX TAX TAX TAX TAX Tues TAX TAX TAX TAX TAX TAX TAX TAX Wed DEBT DEBT DEBT DEBT DEBT DEBT DEBT DEBT Thurs DEBT DEBT DEBT DEBT DEBT DEBT BILLS BILLS Fri BILLS BILLS YOU YOU YOU YOU YOU YOU
You work Monday and Tuesday to pay the tax man (this is direct and indirect taxes). Wednesday and Thursday to pay your debts. The rest of Thursday and Friday Morning for your household bills and finally Friday afternoon for YOU!!
Now I know why I prefer Friday afternoons, how about you!! Lets start by getting Wednesday and Thursday back in your pocket.
List Out All Debts The first step to efficiently manage debts is to find out exactly what you owe and exactly what your income and expenditure is.
There are 2 things you will need to do. i) Records every single transaction that you made. That includes ATM withdrawals. Jot down everything that you buy even if it is a cup of coffee or an ice cream.
The above will help you to monitor where your money goes to. Many people do not know where they spent their money. They buy things that they dont need and end up having lots of them.
Do the recording for a month and analyze how much you spent on food, transportation, leisure, groceries and such. Then, identify where you have overspent. Try to cut it down or see if you can replace it with something cheaper or better still, FREE!
Without spending on unnecessary things, you cut down your expenditure. Thus, creating more cash flow to reduce your debts!
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ii)
List out all debts that you know. Credit cards, car loan, mortgage loan, personal loan and money that you owe your friends.
List them all out according to interest rates, from lowest to the highest. If they are all under the same interest rate (e.g. credit cards), list them according to the balance left, from lowest to highest.
Lets use the table below as example for credit card:

Debts Interest Rates (per annum) Credit Card A Credit Card B Credit Card C Total 18% 18% 18% 2500 3500 5000 11000 125 175 250 550 Balance Min Payment
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Pay Debts with Lower Interest + 10% more The obvious way to do it is to first pay off balance for Credit Card A. The trick in this is to add 10% more to the minimum payment you make every month.
Which means, you will be paying RM375 instead for Credit Card A every month. Fix that RM250 extra payment. You will still need to pay for your Credit Card B & C but only the minimum payment.
What happen to your Credit Card A then? Every month, as you pay, your balance gets lower, which also means that the minimum payment is lesser. However, you still pay RM250 extra for Credit Card A. You will be able to clear Credit Card A in less than a year! (Provided you dont add on to the balance)
When it comes to Credit Card B & C, apply the same payment method. Add another RM250 to the minimum payment and you will see how fast you can clear your credit card debts.
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Pay On Time Another trick to lower your credit card debts faster is to pay on time.
Paying on time will stop the bank from charging you Late Payment Charges, which can sum up to a huge amount as time goes by. I am not saying that you cant afford such payments but it just doesnt seem worth it.
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Reduce / Stop Usage / Delayed Gratification The ultimate trick to get away from debt is to reduce the usage of credit cards or stop using it entirely buy everything in cash!
When you buy with cash, you will eventually control your desire to purchase more as you only have limited cash. Even if you used up all your savings in cash, you will not end up negative!
Delayed Gratification is one of the most important aspects to developing your financial IQ. Take this as a hypothetical example.
Would you pay for a pint of milk or a cow?
If you buy milk, it is consumed and it is over. You will have to buy milk over and over again when it is finished. Even if the milk costs less than a cow, in the long run, you will still be buying milk again and again.
Now, if a cow were to cost 50 times more than milk, you might pay through your nose when you purchase the cow, but after consuming 50 pints worth of milk from the cow, you would break even on your investment and save more money in the future.
In fact, the cow might give birth to 2 or more calves and you could sell one of them for profit!
Get the idea?
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Chapter 4: Savings
Saving has always been a way of life for people who believed on its power. These people know that they have to save more money in order to create a more established future.
However, as time goes by, more and more people find it hard to save money. They said that saving is no longer a way of life but a resolution that they have to strictly adhere to just to put aside some amount of money.
Some people even insist that it is no longer possible for a person to save more money because most of them are already living paycheck to paycheck. With all the high-prices of commodities these days, saving more money seems like just a dream.
But the point is that people can indeed save more!
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Pay Yourself First The reason many people cannot save because they think that they dont have much to save. Have you heard of I dont have money to save, wait till my income increase then I will have extra to save!
Now, many didnt realize that when their income increases, so does their expenses. When you have more money, you tend to spend more because you think you can afford it. Worse, if you think you can pay off the loan / debts with your new additional income.
At the end of the day, you are back to square one broke! The figure below illustrates how people spend their income.
Figure 4.1 Income Expenses = Balance (Goes to Savings)

Most people practice the above model. They got their monthly salary, then they pay the bills, loans, debts, spend on food, leisure and then they try to save whatever that is left.
The activity of saving needs two things to happen motivation and habit. The amount of money is not the most important thing. No matter how much you save, be it RM1 or RM100, it is also a form of savings.
The concept of Pay Yourself First emphasize on the act of setting aside a certain amount of your income before you start spending. Thus, even if you spend all your money that is left, you already saved!
Figure 4.2 Income Savings = Balance (Goes to Expenses)

With that, you will have the motivation to save because it is achievable! Dont worry about the amount because eventually little is better than none.
Once you have the motivation to save, it is time to build a habit. Save a certain amount every day, every week or every month. Do it for at least 90 days and you will have the habit of saving.
But, how much every time?
As mentioned, the amount is not the most important thing. You can start with RM1.00 a day, then gradually increase as you go until an amount that you are comfortable with, maybe RM5.00 a day (which is equivalent to RM150 a month).
Remember! Always Pay Yourself First because it is YOU that has put in the effort to earn your income. Who else deserve the money more than you?
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The Eighth Wonder of The World Albert Einstein called compound interest as The Greatest Invention of All Time. It is also being referred as The Eighth Wonder of The World. The trick is to get this tremendous force to work for you rather than against you.
Let us look at basic interest, an amount that you pay a lender for the privilege of borrowing his money. Normally, this amount is tied to the original amount at an agreed rate. It is calculated on the balance owing plus any previous interest charges.
Thus, you find yourself paying interest on interest. This is the compounding effect and the element that compounds your debt and allows it to take on a life of its own.
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First, lets look at how compound interest works against you. We take credit card debts as an example.
Month 1 2 3
Interest Rate 1.5% 1.5% 1.5%
Balance 5000.00 5075.00 5151.13
Assuming if you do not pay your credit card debt for 3 months, in the above example, I leave out the Late Payment Charges. With only balance alone, compound interest has work against you by adding RM151.13 to your debts! It will be worse if I add in the Late Payment Charges!
If interest rate of 1.5% can do such harm to your financial health, imagine a loan with higher interest!
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Now, let us experience the miracle of The Eighth Wonder of The World when it works for you!
Say you have save RM150 a month for 12 months. You decided to put in an investment vehicle that generates 3% per annum. How much can you have after 10 years (without additional saving)?
Year 1 2 3 4 5
Savings 1800.00 1854.00 1909.62 1966.91 2025.91
Year 6 7 8 9 10
Savings 2086.69 2149.29 2213.77 2280.18 2348.58
You gain RM548.58, without extra effort!
Lets see what happen if you add on RM1800 each year (same interest rate as above).
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Year 1 2 3 4 5
Savings 1800.00 3654.00 5563.62 7530.53 9556.45
Year 6 7 8 9 10
Savings 11643.14 13792.43 16066.20 18286.39 20634.98
Saving RM1800 a year for 10 years gives you RM18,000. With the method above, you gain RM2634.98, effortlessly!
Of course, the above is only an example of saving in an investment vehicle that generates 3% interest per annum. You will gain more if the investment vehicle generates higher interest.
See? That is only RM5 a day and you can save up to RM20634.98 after 10 years. It takes a little a day to go a long way.
Just to motivate you a little bit more, lets look at how the above saving method works on various interest rates.
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Year 1 2 3 4 5 6 7 8 9 10 Year 1 2 3 4 5 6 7 8 9 10
3% 1800.00 3654.00 5563.62 7530.53 9556.44 11643.14 13792.43 16006.20 18286.39 20634.98 7% 1800.00 3726.00 5786.82 7991.90 10351.33 12875.92 15577.24 18467.64 21560.38 24869.61
4% 1800.00 3672.00 5618.88 7643.64 9749.38 11939.36 14216.93 16585.61 19049.03 21610.99 8% 1800.00 3744.00 5843.52 8111.00 10559.88 13204.67 16061.05 19145.93 22477.60 26075.81
5% 1800.00 3690.00 5674.50 7758.23 9946.14 12243.44 14655.62 17188.40 19847.82 22640.21 9% 1800.00 3762.00 5900.58 8231.63 10772.48 13542.00 16560.78 19851.25 23437.87 27347.27
6% 1800.00 3708.00 5730.48 7874.31 10146.77 12555.57 15108.91 17815.44 20684.37 23725.43 10% 1800.00 3780.00 5958.00 8353.80 10989.18 13888.10 17076.91 20584.60 24443.06 28687.36
Saving does not always require a big amount to start with, what matters most is the willingness to start.
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Bonus Chapter
10 False Beliefs About Money by Steve Martile, Coach (http://www.freedomeducation.ca)
The most common reason that people are broke is because of their false beliefs. These beliefs come from the sub-conscious mind. The sub-conscious mind or the emotional mind works with the Law of Attraction. You attract based on the programming of your subconscious mind.
In fact, many people know how to make money; a lot of them do. They just dont know how to KEEP it! They dont know how to keep it because of their false beliefs.
Your programming may be putting the brakes on your efforts. These false beliefs are buried deep in the constructs of your mind. If you keep attracting debt, then you may have false beliefs about money.
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Here are 10 common false beliefs about money: I am not smart enough I am not good enough You cant trust people with money You cant be rich and healthy Money doesnt grow on trees You need money to make money Money making is a lot of hard work Having money just creates problems Having money isnt everything Money is dirty (Comes from, He is filthy rich!)
You cant change these beliefs because YOU ARE them. You are your beliefs. You wont be able to change them until you separate yourself from your beliefs. You do this by increasing your awareness. Once you are aware, you can change it!
Note: Having more money will not make you a more evil or a better person. It will only amplify who you are. Remember! It is how you build your relationship with your money!
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Recommendations
Websites http://lifeonapieceofpaper.blogspot.com
Life is like a piece of paper, whether the paper is interesting or dull, it depends on how you live your life. Many spent their entire life finding their purpose. "Life on A Piece of Paper" aims to shed some light on life by sharing different experiences and stories of fellow Malaysians.
www.zenhabits.net
Often we think of having very little as a hardship. Its bad to be poor, right? Its not easy struggling with low wages, with debt, with scarcity. And while all that is true, its also not true. There can be joy in getting rid of things, in living with less, in freeing yourself of debt and possessions. Its all in your mindset.
www.getrichslowly.org
Recently named best blog of 2011 by Time magazine and most inspiring money blog by Money magazine Get Rich Slowly is devoted to sensible personal finance.
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Books
Secrets of the Millionaire Mind In his groundbreaking Secrets of the Millionaire Mind, T. Harv Eker states: "Give me five minutes, and I can predict your financial future for the rest of your life!" Eker does this by identifying your "money and success blueprint." We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives.
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The 7 S.E.C.R.E.T.S. of the Money Masters The Seven S.E.C.R.E.T.S. of Money Masters goes where most personal finance books and financial advisors fear to tread, revealing the S.E.C.R.E.T.S. of Safety, Expense, Cash Flow, Rate of Return, Economy, Tax Efficiency and (common) Sense.
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What Your Teachers, Parents and Banks Didnt Tell You!

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Any slights of people or organizations are unintentional.