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I broke an egg…

Posted in Debts, Entrepreneurship, Malaysia Personal Finance |

Oops…while trying to make some french toast for tea break, I broke an egg.

That’s how it is. No matter how you can picture the egg being part of a nice delicacy, you can’t really say for sure until you have devour it into your mouth. In other words, you can’t count your eggs until you’ve eaten them.

That 30-year home loan is another example. Yes, you can pay by installments. When the times are good, no problem. But when the times are not so good, you might even have problem showing up. 30 year is a long time, long enough for anything to happen. Yet, you can always refinance, and stretch your debt even longer. Banks love customers like you.

Same goes to the the credit card story. There’s nothing wrong with the plastic, it’s just how you interact with it. When you swipe, you tell yourself, “Ahh…no worries, I just need to make sure I work harder this month and close the pending deals!”. The next day, your best clients just signed up with another competitor.

That car installment you are paying through your nose. You know you can hardly afford the 2-door Bimmer, but you need the ‘feel good’ factor and you probably find it difficult to pick up girls with a Proton Iswara. Suddenly, you find yourself retrenched from the workforce. And the bank comes knocking every morning asking you for the keys.

It’s so easy to spend and it’s even easier to over-spent. If you can solve the spending problem, you are half-way to debt-free. The next half is easier than you think- be enterprising and start something with your skills.

Remind yourself, what happens when you break an egg?





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  • i have been looking for egg replacements for years :D
  • Rajesh Mahesan
    I always wondered what will happen if i lose my job. If i get injured, its okie, i've got unions and insurance to back me up. Retrenchment? noooo help on that one !
    First and foremost 25% of my salary goes to various financial plans and insurance. Now the question is, what happens if i can't afford to pay up ? sure i can take it back (after the minimum 6 yrs) and not to mention that i don't gain anything. If a economical cycle is approximately 10 to 11 years, why do we buy plans beyond that period?
    And lets not forget our frens at the bonds n mutual funds, lolz paper loss, paper gain,(whatever dude, we still always lose in the end!) when the economy is bad, everything goes down. Stocks? buy blue chips ! yaaa... so you have blue chips stocks, everyday you look the the stock market and nobody wants to buy your stocks.
  • Max Ee
    Starting a car without a car is not so complicated la. especially, with high-tech encoded sensor keyless lock (use a device sense here, sense there can start liao). Also, those car onwer who car was towed will automatically appear in front of the loan manager. So no worries.
  • on the same subject, i was talking to a good friend the other day and i asked her did she manage to save the money that she was supposed to pay for car installments which has finished last october of Rm550 a monthy, meekly she told me, she could not.

    I was surprised with her failure to do so, and back to me now,i will finish my car installement this coming March of RM918 monthly, and i am so sure that a lot of self control is needed then to make sure i park that amount in saving when March finally arrives, and i am confident i can do it.

    It is always hard to save then to spend, and with the plastic it is even easier to spend.
  • That brings me to a question I wanted to ask for a long time. After they tow it, how they start the car?

    :-D
  • Max Ee
    Sorry, bank will not knock and ask for the keys. They simply tow it. TV programs always show that.. right?
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