I’m having a chat just now,

My collegue were talking about anything that relates to everyone’s interest. But the one that caught everybody is about the personal money.

My Friend (1)

Say that you can cut your debt lifespan if you can pay monthly debt commitment twice a month by dividing your monthly payment . In conventional way, 2 times a month paying your debt would amount up to 24 times of paying a year, but it is not going to happen like that, you are actually paying 26 times a year.!! Great huh?? Thats what my friend says according to the computation of the bank. At the end of the year, your statement could have been recorded 26 times of payment made for that particular year

My Friend (2)

He says that if you have a RM100,000, then you should be able to deposit your money in a Foreign Fixed Deposit for a day and reap its return of about 7 % with CIMB bank….Is it true!!! Where’s my calculator??

Just for poinders….