I’ve just finished reading KC Lau’s first published book- Top Money Tips for Malaysians.

New Book by KC Lau: Top Money Tips for Malaysians

In this book, KC shares with his readers on the following main ideas:

1) Smart Money Tips
In this section, KC shared quite a few good debt management concepts which is somewhat similar to Robert Kiyosaki’s Rich Dad Poor Dad. In one of the chapters, he also mentioned on how you should be conscious about the way you spend your time and whether if you should considering outsourcing your toilet cleaning chores. The section also gets rather technical when he begins explaining on how ‘Felix Corollary’ works when estimating your return on investment.

2) Money-making Tips
This section starts off with KC explaining what he does best- monetizing online. A Squidoo lensmaster himself, he also showed his readers how anyone can also make some extra income from creating Squidoo ‘lenses’. While I’ve always dislike the way credit card companies focuses on increasing their subscription base but never spare a single sen on educating their customers on prudent spending, KC spends a chapter on how you can turn your plastics into friends.

3) Money-Saving Tips
This section starts off with KC Lau explaining how you should compare the interest paid for a brand new car and the maintenance paid for a used-car before deciding on which method will suit your situation best. I am a firm believer that a brand new car is 20 to 30 percent more expensive than their used counterparts because all that premiums are paid for the advertising expenses. There’s also a chapter dedicated on ‘fine-tuning’ your mortgage so that you can enjoy greater savings while financing your home loans.

4) Money-Protection Tips
Saving the best for last, this final section is where I believe KC excelled with his vast experience in the insurance industry. He offered many ‘hacks’ and ‘unconventional wisdom’ on how you can maximize your insurance premium allocation. He has also introduced readers to the term ‘insurance switching’, where he explained about how a policy holder can perform switching from investment-linked to non-investment linked policies and vice versa.

If you have been following KC Lau’s blog, where he shares his thoughts on prudent personal financial planning with his web audience, there is still a good reason to get this book for there are many gems in the printed version that I’ve not read about on his website.

Local cartoonist Comic Tan also contributed to the book with his hilarious depiction of various financial-related scenarios. I think KC and Comic Tan has got very good ‘team work’ going on as I find the cartoons are highly relevant with the terminologies explained. Unfortunately, the cartoons are only in black and white.

In his first book, KC has managed to cover many issues and shared many ideas. Contextually relevant to fellow Malaysians, this book can give you some insights on how you can maximize your financial productivity and efficiency.

You can also read about other readers’ reviews here.

The book is priced at RM29.90. You can get it from major bookstores or you can get it direct from KClau.com.

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