A Mercedes-Benz as a Graduation Present

When I first started trading and going into small-time ventures here in Australia, I had set an objective. I told myself, when it’s time to return to Malaysia, I was going to bring back a Mercedes SLK 200 Kompressor with me. Hehehe 😛

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CPL/IR and ATPL as my Postgraduate Studies

There are a few who asked me why am I embarking on my flight training and aren’t I too old for it.

Well, to me, it makes a lot of sense. For one, I love everything about flying and the aviation industry. Secondly, there’s no such thing as being too old to achieve your dreams. Plus, I’m only 23 right now.

There were also those few who asked me, what’s the use of my accounting degree then?

My explanation is usually this. Not only do I want to fly, I would also like to be involved in the management side of things. Not only that, I plan to have my own business one day. At least, I have some background in business and not just the technical side of things.

Also, to put that into perspective, you’d see others doing Masters and PhDs as part of their postgraduate studies. Well, I see CPL/IR + ATPL as my Masters studies. For others who asked whether I’ll be doing any postgraduate studies after my bachelor’s degree, indeed I am.

For those who do not know:

CPL = Commercial Pilot’s License

IR = Instrument Rating

ATPL = Airline Transport Pilot’s License

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How to become a Unit Trust Consultant/Agent in Malaysia?

I’ve always wondered what is it like to become a unit trust consultant in Malaysia?

For those who are involved in the industry, do share your thoughts and ideas.

Some questions that need answering:

1. How to apply?
2. What training program does one need to go through?
3. What ongoing training does one need to go through?
4. Income prospects.
5. Can one become a part-time unit trust consultant and still be successful.
6. What is it like becoming a unit trust consultant?
7. What prompted you to become a unit trust consultant?
8. What prompted you to join the organisation you are in now?

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How to become a financial planner in Malaysia?

I’ve always wondered what is it like to become a financial planner in Malaysia? How do you become one anyway?

Here in Australia, you need to hold the Australian Financial Services License (AFSL) or be an authorised representative of that licensee to be able to give out financial advice.

How about in Malaysia? What are the procedures? Do you need to get a green light from the Securities Commission?

Also, is the Certified Financial Planner (CFP) qualification from the Financial Planning Association of Malaysia (FPAM) qualification imperative? How about wanting to become an Islamic Financial Planner?

Is there such thing as a part-time financial planner? Perhaps, on a freelance basis/work at home sort of thing?

For those in the know, please share your knowledge so the rest of us could benefit. Thanks guys!

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As a muslim, how do you get married in Malaysia? Especially in Selangor?

What are the procedures of getting married in Malaysia?

I had a look at the website of Jabatan Agama Islam Selangor and there seems to be a heck lot of processes that a couple needs to go through. Why the red tape? Why make it so difficult?

For those who have gone through this or about to go through this, share your thoughts below. It’d be interesting to have a discussion about this matter.

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Would you consider education/study loan as a bad debt?

What are bad debts? Well, refer to a previous entry on what I’d consider as a bad debt. Basically, when you take out a loan to purchase things that has no ability to yield anything towards your wealth-making journey, then that’s a bad debt. That’s my interpretation anyway.

Anyway, think about this situation. How about if you take out a loan to further your studies or skills? Would you consider that as a bad debt?

Now, let’s put a spin to that scenario. How about if you already have other qualifications and you are already working? Would the loan then qualify as a bad debt? For example, you already have a Bachelor’s degree in Finance and you’d like to fund your MBA studies through study loans. What do you guys think?

Reason I’m asking is this. As a lot of you might already know, I want to become a pilot. Unless an airline can take me on, the only way I can become one is by funding the training myself.

If I stay here in Australia, I can work (assuming somebody will actually hire me) and pay my flight training on an ad-hoc basis. If I return to Malaysia however, I need to train on a full-time basis, thus coming to the need of having a huge lump sum to fund the training. The only way to get that huge sum of money is through financing. Now the million-dollar question is, am I willing to include a RM250,000 long-term loan on my balance sheet?

Oh, by the way, ditching the flying bug is definitely not an option that I’ll ever consider.

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During an economic crisis, is it wise to invest in education? (Studying Financial Planning & Journalism)

With the exception of all the trouble we have faced in the past couple of years, I consider myself lucky to be facing such a severe financial crisis at an early age. Why? Well, I am able to at least learn a thing or two that may assist me in my future endeavours.

Anyway, setting that aside, let’s talk about investing in education. By that, I mean, furthering your academic qualifications as well as skills.

I have read quite a few articles supporting the notion of expanding your knowledge and skills during this troubled times, and I have to say, I am in full support of that idea.

Apart from university, I am also doing a couple of courses by distance education. One is Diploma of Financial Services (Financial Planning) and the other is Certificate of Professional Freelance Journalism.

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The more you give, the more you get back in return (philanthropic and charitable efforts)

The more you give, the more you get back in return.

Aiming for wealth is good but in my honest opinion, utilising the wealth for the good of others is also respectable, no?

We hear in the press about rich folks giving millions away for philanthropic and charitable efforts. Even Warren Buffett gave away a mighty proportion of his wealth to Bill & Melinda Gates Foundation. Very admirable.

Perhaps it’s time for us to do the same as well? Granted, we don’t have as much wealth as these guys do, but giving little by little will certainly make a difference in the long run, wouldn’t you agree?

For the past couple of weeks, I have been promoting 5 charity organisations that I currently support. I’m not able to give much financial support just yet but hopefully by advertising them on my blog, I’ll be able to give them some extra exposure. Anyway, to recap, here they are again:

1. PLAN Australia
2. Fred Hollows Foundation
3. Operation Smile Australia
4. Muslim Aid Australia
5. Human Appeal International

I’ve always been thinking to myself about giving back when I’m a bit well off. Often, when we are indeed “well off”, we always have excuses not to give back. So, instead of allowing myself to do that, I’m forcing myself to do my part. It’s not much, but at least it’s something. I urge all of you to do the same. It doesn’t have to be the organisations I’ve listed above. You can support any organisations that you feel comfortable with.

On top of having an investment portfolio, how about having a charity portfolio as well? Sounds fair? After all, the more you give, the more you’ll get back.

Do share in the comments section below of the charity organisations that you support.

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Muslim Aid Australia & Human Appeal International: Giving with a Purpose

Muslims and non-muslims, if you like to help others, these two organisations are the ones to look out for. They are Muslim Aid Australia and Human Appeal International.

These folks have a range of charitable programs that you can donate to. Some of the programs deal with education & skills, orphans, health & medical, micro enterprises, and many more. Do visit their websites here and here for a full list of what they do.

You can even pay zakat over there too!

Do lend a hand folks. Who knows, maybe in the future we’ll be the ones needing help.

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Operation Smile Australia: Make the kids smile again

Shunned by their peers, depleting self-confidence, and dim future. Sounds horrible doesn’t it? Well, these kids are not lacking in their intelligence department. They were unfortunately born with a different physical appearance than most of us. All that can be corrected with just a simple corrective surgery though. Only if they were given the chance…

Operation Smile Australia is another organisation that I support. Basically, Operation Smile Australia sends volunteer doctors around the world to perform surgeries on kids with cleft lips.

These folks can’t do it on their own. They need funding!

Lend your hand by donating. Go to their website here.

The cost of a single surgery is around AUD360. However, any amount is more than appreciated.

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