Investment property as a haven for your child’s education fund?

How’s this for an idea? Instead of saving money for your kid’s tertiary education someplace else, park that money in an investment property.

I’ve read in a few books talking about this as well, and as far as I’m concern, I’m going to use this strategy sometime in the future.

[Read more…]

What’s deterring me from staying in Australia

Previously, I wrote about the reasons that could potentially lead me to stay in Australia.

Now, I’ll list out some reasons that might bring me home to Malaysia.

1. I predict that it’ll be hard for me to get a job

The economy is pretty bad here. Many companies are laying off their workers. On top of that, I am pretty academically challenged (i.e. my academic results are not that great). So, I predict that it’ll be hard for me to get a job here. Also, to get a permanent good-paying job in Australia, you need the Permanent Residency status. To apply for PR, you have to spend a few thousand dollars. If I won’t be able to secure myself a job, spending a few thousand dollars would be a waste of resources, no?

[Read more…]

What’s deterring me from returning to Malaysia

Here’s another one for the ‘Australia or Malaysia?’ series.

This time, I’ll lay out the reasons that could potentially deter me from returning to Malaysia.

1. Spending Power

It is in my opinion that by staying in Australia, I have greater spending power than if I had gone back to Malaysia. Indeed, in certain areas, things are more expensive here in Australia (like rent, insurance, property prices), but generally, I dare say that you’ll be able to spend more in Australia.

Let’s assume that if I work in Australia, my starting pay is AUD4,000 and also assume that if I work in Malaysia, my starting pay is RM4,000 (which I think is hard to get anyway).

Now, let’s compare the prices of some ‘luxury’ goods (I’ll compare the prices of necessities in my future post). In this instance, we’ll look at a few items. Here they are.

– Toyota Yaris ($20,000 in Australia and $107,000 in Malaysia)
– Nikon D300 SLR Camera ($2260 in Australia and $4650 in Malaysia)
– Nikon 18-200mm Camera Lens ($1029 in Australia and $2685 in Malaysia)
– Nokia E71 ($575 in Australia and $1000++ in Malaysia)

Why am I comparing ‘luxury’ items? Well, once in a while, I will be purchasing these goods right? When that time comes, my spending power will be more in Australia.

[Read more…]

Where do I stand now? Financially speaking of course.

I’ve been blogging about financial freedom for nearly 2 years now. I’ve started my journey towards financial freedom for even longer than that. So, where do I stand now, financially speaking?


I’ve been trading stocks and CFDs for nearly 4 years. I’ve been able to stay profitable for all these years, and hopefully for a very long time.

I’ve reduced my trading stake due to the lack of certainty we’re having right now. I’ve already reinvested quite a significant proportion of my profits into a new business venture.

So far, for the past few months, my trading account has been advancing, but very very slowly. Snail pace.

[Read more…]

A 13-year-old Homeowner: Arguably the Youngest in Australia

Just now, I watched on Seven’s Today Tonight (current affair show) about something that really caught my attention.

Have a look at the title. Can you believe it? A 13-year-old girl owns her 4-bedroom, 3-bathroom, house. Not just that, she almost paid off the whole amount of her loan. The story was also posted on the Seven Network’s website. Here’s the article here.

Ok, fine, she might have a bit of an advantage over mere mortals like us. She might be paid “modestly” through her modelling career, but that’s not the point! The point is, a young kid actually has the intention to invest their money rather than spending on other useless things.

The best thing is, in Australia, it doesn’t really matter how old you are. All that matters is your income. If you can afford it, then by all means, go out and get it!

The second part of the feature was about this guy, Paul McManus, who just celebrated his 22nd birthday. As of today, he has AUD 6 million dollars worth of property under his belt.

[Read more…]

Return to top of page

Copyright © 2019 · Faliq Fauzi · Log in