EPF Retirement & Your Savings

EPF Savings & Your Retirement

See actual KWSP pdf brochure here

*Note that the Basic Savings quantum on pg 9 of the brochure has been revised UPWARDS effective 1st January 2014

Eg for age 55, the minimum amount will be raised to RM168,000 from current RM120,000 . You may contact me for more info

Rama Krishnan

+6012 – 320 8475


Stubborn behaviours can hurt our goals to become rich

13moneymistakesMany years ago I helped someone solve a bad credit problem that saved her a few thousand ringgit.

My advice was that she should place her ‘newfound’ savings into a safe portfolio to build up her emergency funds.

To my dismay, I found out later that year that she had used all her savings to buy another luxury car and her debts started to pile up again!

This is an excellent example of financial stubbornness when the habits in our lives are beyond control.

Such behaviours are financially fatal and if change does not happen, the only way is downhill.

Besides behaviours, there are also stubborn perceptions which can rob us of our wealth building goals.

* Investments are always bad for me.

Investors who do not understand how investments work and have lost money think that investments are not for them.

Losing money does not make the investment “bad” but such perceptions can keep your money from growing.

Create portfolios which are aligned to your life’s goals.Avoid being sold merely on products.

* Insurance is only out to cheat me.

Some may have listened to a bad sales talk, resulting in being under insured and exposed to financial losses due to unforeseen events

Make sure that you understand what insurance you are buying. Normally, a good insurance would provide you with the highest coverage at the lowest premiums.

* I am more clever than the market and hence I can beat it.

No one can ever predict the market movements even with the most sophisticated tools! Even if they can, why would they want to share with you the trade secret? Time, strategy and a purpose should be your focus in building wealth.

* I am too young to plan for retirement.

Retirement isn’t about retiring due to age but retiring from the work you don’t enjoy.

You can ‘retire’ even if you are in your thirties or forties.

If you are not planning early, there is really no time to accumulate when you are ‘forced’ to retire in your later years.

Being financially stubborn also means being financially arrogant. There is no point being arrogant and yet ending up poor.

16 money mistakes you are making

1) You don’t save
2) You don’t have a budget
3) You don’t have a rainy day fund
4) You buy unnecessary things
5) You don’t have a retirement goal
6) Paying unnecessary fees
7) You have inadequate insurance
8) Falling for gimmicks that make you spend more
9) Not looking for better prices
10) Making bad or emotionally-driven investments
11) Falling into credit trap
12) Not investing in career advancement
13) Applying for bad loans
14) Spending too much on habits
15) Ordering drinks when eating out
16) Eating out for lunch

Read full article here

Rama Krishnan

+6012 – 320 8475

A day of hikes

Pay & Electricity hike“Focus more on increasing your income than controlling your expenses” From an earlier blog

Ask us now on how you create your own SALARY HIKES many fold by working part-time or pass-time CONSISTENTLY ( quite different from working VERY HARD)

Rama Krishnan


BANKER, 41, can afford to retire in the next 3 years: HOW ABOUT YOU?

bankerThe diversified investment portfolio that Australian banker Anita Yadav has compiled with her architect husband over the years will allow them to retire some time in the next three years – before they both turn 50.

Instead of planning to retire at a certain pre-determined age, Ms Yadav, who has been living in Singapore for about three years, told herself that she would do so only when she earns about $250,000 a year on passive income on all her investments.

……We are biased towards property because my husband is an architect and it does not require intense monitoring on a daily basis. With two children and demanding careers, we are normally short on time for day-to-day monitoring of the portfolio.

I like investing in direct cash bonds and bond funds over shares mainly for their running yield and low risk.

Insurance-linked unit plans provide insurance benefits and help to set aside money for the children’s education and their personal expenses…….

…..Q: What is your financial goal?

It is to achieve at least 8 per cent returns on investment in order to retire on my passive income within three years. God is merciful and we seem to be on track to achieve this. However, my lifestyle needs keep changing…….

….I think it’s better to actually make a small investment than to keep on thinking about and planning a big investment.

Q: What advice would you give to others?

Don’t wait for a sizeable pool of funds to build up before starting to invest.

Money can be made in every field and every asset. Focus on an asset class that you understand.

Focus more on increasing your income than controlling your expenses.

Focus more on your money working for you than on you working for money.

Read full article here

Rama Krishnan

+6012-320 8475

How to waste £10,000 on life cover

st-money-scamBuying a life insurance policy from a bank or building society could mean   wasting tens of thousands of pounds.

That is because lenders – without telling the customer – add their own markup   of as much as 50pc to the price available elsewhere. Even going direct to   the insurer will, bizarrely, sometimes end up costing policyholders far   more.

The difference between the best and worst prices for the same cover, if you   add up the premiums over the term of the policy, can run to many thousands   of pounds.

So where is the best place to buy your policy?

Read full article here

Comment from the Sales Adviser, yours truly  ” Well, this seems to be in the British context. How it is in the Malaysian scenario, I’ve yet to be updated. What is important is that your whole life could be riding on how well you secure yourself financially…” 

Rama Krishnan

+6012-320 8475

Protect yourself from the cost of serious illness


cancer………”The choice between the two depends a good deal on whether you   are a man or a woman. Around 75pc to 85pc of critical illness claims from   women across the industry as a whole are for cancer, and about half of these   are for breast cancer, but the proportion of men claiming for cancer is more   like 45pc because they are much more prone to cardiovascular and other   conditions.”…….

………Another option worth considering is income protection, which pays a regular   income in the event of being unable to work because of long-term sickness or   disability………….

Read full article here

Rama Krishnan

+6012-320 8475

Wise Words

Some words of guidance are to be taken with a pinch of salt. For clear and precise guidance on life and medical insurance, contact Zurich the expert guide on insurance for 140 years.

Zurich, putting the ‘sure’ in insurance.

Rama Krishnan

+6012 320 8475

5 Things Super Successful People Do Before 8 AM

Thatcher-locRise and shine! Morning time just became your new best friend. Love it or hate it, utilizing the morning hours before work may be the key to a successful and healthy lifestyle. That’s right, early rising is a common trait found in many CEOs, government officials, and other influential people. Margaret Thatcher was up every day at 5 a.m.; Frank Lloyd Wright at 4 am and Robert Iger, the CEO of Disney wakes at 4:30am just to name a few. I know what you’re thinking – you do your best work at night. Not so fast. According to Inc. Magazine, morning people have been found to be more proactive and more productive. In addition, the health benefits for those with a life before work go on and on.




Let’s explore 5 of the things successful people do before 8 am

1. Exercise

2. Map Out Your Day

3. Eat a Healthy Breakfast

4. Visualization.

5. Make Your Day Top Heavy

Full Forbes article here

Subsidy CUTS to continue, GST on the way, BR1M to be tightened

The subsidy rationalisation programme (SRP) will continue to proceed  gradually over a reasonable period of time, said Maybank Investment Bank  Research.

Its economics team, in a meeting with Minister in the Prime  Minister’s Department Datuk Seri Abdul Wahid Omar, together with other research  houses, last Friday said subsidy was the session’s “hot topic”.

The  question was on  the subsidy rollback going forward – whether  the government  should announce a detailed timetable for the sake of transparency and  credibility.

“In response, the minister stated that subsidy  rationalisation would proceed gradually over a reasonable period of time, that  is, we quote,  “not too short or not too long”.

“We interpret this remark to mean that the original SRP target of ending all  subsidies for essential food items (sugar, flour, cooking oil), fuel (petrol,  diesel, LPG) and energy (gas, electricity) by 2015 is no longer applicable.”

Read more:  http://www.btimes.com.my/articles/rup148/Article/#ixzz2hprCXOFE

“When the going gets tough, the tough get going”.

If you are maybe thinking “enough is enough”, then a career in life insurance may be just the vehicle to enable you to earn a lucrative income, while serving the community at large. Done right, paid holidays, recognition and enhanced knowledge are only consequential. Contact us below to find out just what it takes to be a life insurance adviser with ZURICH

Rama Krishnan


iPad Minis, iPod Shuffles and limited edition Zurich caps up for grabs daily!!!

Crack the Code with Zurich MobileWealth!!!

Another pillar of the Guidance and Surety Roadshow will be launched this Saturday, 12 October 2013. This activation is called Crack the Code with Zurich MobileWealth and will be actively driven by the radio stations- MixFM, Raaga and 988 FM. During our segments, the DJs will announce the venues where we will be located. Participants will have to visit our roadshows, in order to gather and decipher the clues that will eventually lead them to a correct 5 character code that will enable the safe to be unlocked. Participants stand a chance to win iPad MInis, iPod Shuffles and limited edition Zurich caps daily.

Kindly refer to Contest Locationshttp://www.zurich.com.my/mycampaign/ for more information. 

Contact :- Rama Krishnan

Mobile : 012-320 8475