Use Home Loan to Buy Car ?

Matthew is refinancing his property @ 4.2%.  He will have an extra $100k.  So he is planning to buy a $100k car too.  The car loan is offering him 2.88%.

Should Matthew use his home loan to buy this car or should Matthew take the car loan ?

The answer, contradict to common comments, is actually home loan but . . .

21st century personal finance trap

Do you know Gabriel ?  'G'abriel actually represent  'god' within MalPF world.

• He worked for less than 10 years
• Then he runs some businesses for about 13 years, some of them making loses
• Yet he retires at 42 and live happily ever after (details)

The trick is . . .

The person behind the web site . . .

I love reading personal finance topics on line and there are so many GREAT sites out there . . . if you were like me, have you ever wondered who the person is behind the site ?

So I started trying to know more a bit out the person behind the web site - I asked for their permission for me to conduct an email interview with them.

First I sent out an interview request like this.  Not everyone replied of course, but I manage to get a few reply from the sites I love most ....

FREE education + Guaranteed JOB - by Taylor

Leverage 2.0 - How will you leverage ?

How will you use the power of leverage ?

LEVERAGE 1.0 : I have $1 and I know how to earn $2 from it.  But earning $2 is not interesting to me.  So I found a way to borrow $30 to do it.

Get ALL Your Tax back . . .

Visit http://howmuchtaxcanisave.co.cc/

Lets say this year your gross income is $20,000 ( about $ 1,700 a month ), you may start to pay tax.  ( about $10 a month ).

Click the extend + sign to see everything.  Then think of which item is relevant to you.  For below case, this guy can

• buy a life insurance of $ 3,800
• buy $500 magazines
• buy a $2,000 PC 

Make sure keep all the receipts and the receipt dates show 2011.  Then comes 2012 when you are filing your tax, you can get back all your tax deducted by your company !!

The web site is just an estimator or for fun or for educational purpose only.  Your actual tax plan and figures may subject to your very own unique condition.  Do consult a proper tax consultant or IRB is providing FREE advices when it is near tax submission date.

Enjoy !!

Robert Kiyosaki copied our article ?

Finally, even a guru like Robert Kiyosaki has to copy MalPF article and post as his own ...

just kidding, of course.