I guess, most of you are EXCITED with our country’s birthday celebration….So am I… 🙂 (gleeful smile)
Sms and emails have been widely spread encouraging Singaporeans to recite the Singapore pledge in one voice tomorrow at 8.22pm, 9 August.
I can feel the energy man….!!! 🙂
In this nationalistic spirit, let us stand proud as Singaporeans and recite our national pledge TOGETHER tomorrow at 8.22pm…. 🙂 🙂 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
I am in a process of engaging a telemarketer, to follow up my leads collected from roadshows, and also to arrange appointments for financial reviews for my existing clients.
I have done roadshows for almost coming 2 years now, collected over 1000 leads. I will get my telemarketer to call all these leads, and together, we will developed an IT BASED follow up system.
As time passed, I will be systematizing all my work, so that I can focus more on giving value to my existing clients and concentrate in completing my book.
I also engaged, marketing consultant, Bro Hafihz’s expertise, to help me draft out a marketing plan, on how to systemise my business operations, from alternative ways to generate leads (other than roadshows), to effective and efficient management of existing clients.
Lots of exciting events coming on the way… 🙂 🙂 🙂
Now, I am assembling a team of Malay Financial Consultants from NTUC Income, and gearing for our first collaborative roadshow at Mega Raya Bazaar 2009, Singapore Post Centre, outdoor atrium. We will be there from 21st August to 19 September 2009.
Its fun….Its fun….Its FUN…..and I am soooo…..charged up to get it started!!! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
In the study of Neuro Linguistic Programming, we understand that different people are wired up differently.
Different people have different favoured representational system.
We LOVE to learn, interpret and absorb information in a DIFFERENT manner.
Some of us are VISUAL. Some of us are AUDITORY. Some of us are KINESTHETIC. While some are AUDITORY DIGITAL.
If you are a visual person, and you want to set a goal and feel motivated to achieve it, you need to have a VISION BOARD.
If you are a kinesthetic person, you may want to carve your goals in a piece of wood.
If you are an auditory person, LIKE ME, you need to listen to lots and lots of motivational songs, to get yourself PUMP UP!!! (Vision Board seems not to work for me. I don’t feel the energy. The emotion is simply not there 🙁 )
These are some of the motivational songs mp3s in my PDA phone, which I listened every day. I listened to “One Moment In Time” while doing my visualisation exercise, every night. If you know any other songs, you can recommend and add at the comments section below. Enjoy!!! 🙂
No Boundaries – Kris Allen
Power Of Dreams – Celine Deon
Gloria Estefan – Reach
Diana Ross – If We Hold On Together
Freedom Song: Lighthouse Family
Queen – We Are The Champions
Queen-We Will Rock You
James Brown – I Feel Good
Whitney Houston- One Moment In Time
You Raise Me Up- Becky Taylor
Mariah Carey and Whitney Houston – When You Believe
Mariah Carey – My Hero
David Archuleta – Dream Sky High
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
I remembered 3 years ago, while I was in army, I helped coordinate the logistics operations for the military police, during their operations in the National Day Parade.
Because, I hold a “special” pass, I can literally go anywhere, I want….and snap pictures with “well guarded” celebrities… (evil smile)
It was fun….fun….and more FUN!!!
National Day Is Coming!
Now….Let us celebrate and enjoy NDP09, Theme Song, “What Do You See?”….
Happy Birthday Singapore!!!
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
Everyone in the globe dreaded this “outflow” called TAX.
This is my first time, I pay tax to the government…. and due to my hectic schedule (going for seminars, doing roadshows and meeting clients), I “forget” to make the payment.
They send me a letter, saying that I will be fined extra $28.10. However, because this is the first time, I am paying tax, they will waive it for me if I make the payment by 9 July 2009.
I did it on that very day, using AXS machine. (Victory Sign) 🙂 🙂 🙂
Btw, I’ve been brainstorming ideas, ways and methodologies where YOU CAN REDUCE YOUR TAX PAYABLE OR PAY 0% TAX IN SINGAPORE LEGALLY!!! (evil but innocent smile..hehe)
Note: The strategies that I am going to share with you is purely legal and ethical. (Information accurate as at 23rd July 2009)
Strategy #1) If you are employee,sole proprietor or in partnership, you just need to ensure that your chargeable income (income that is liable for tax) is less than $20,000, and you DONT HAVE to pay any taxes.
Chargeable Income = Total Income – Tax Allowable Expenses – Tax Reliefs
In Singapore, an average Singaporean brings home, disposable income (money that go inside your pocket) of about $5,000/mth or $60,000/year.
So, the first method is quite difficult to apply. Yet , YOU CAN ALWAYS REDUCE YOUR CHARGEABLE INCOME, by documenting and declaring your tax allowable expenses.
Tax allowable expenses are expenses incurred in order to GENERATE income.
Example, if you are a financial consultant like me. Document your roadshow costs, cost for printing namecards, cost for knowledge upgrading like going for seminars and other expenses related to helping you GENERATE your income.
When your chargeable income is lower, you pay lower tax, or no tax if your chargeable income is less than $20,000.
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Strategy #2) Claim as much “reliefs” as you can.
The first relief that every working Singaporean has is Earned Income Relief.
Earned Income Relief reduces the amount of Chargable Income, thus reducing the amount to be taxed.
Below 55 years of age $1,000, 55 to 59 years of age $3,000, 60 years of age onwards $4,000
Strategy #3) Contributions to CPF helps you to save tax
When you contribute your CPF, you can also reduce your tax.
Right now, you are required to contribute 20% of your salary to CPF and your employer pay 14.5%.
You can only get the money when you reached age of 55.
Example if, you earn $2000/mth.
$400 of your pay is going to CPF. You take home only $1600. You only need to pay tax for your take home pay of $1600. Money that goes to CPF is not taxable.
Supplementary Retirement Scheme is a savings plan that you can sign up when you reach 21 years old.
You can contribute up to 15% of your income. You can use this money to offset your total income, thus reducing your chargeable income.
(Btw, if you already have an SRS account, I can help you get BETTER returns, then leaving it there. Call me for appt! ).
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Strategy #5) Capital Allowances
The assets you buy for your business operations can be used to reduce your tax.
The assets you buy, depreciates in value every single year. Depreciation is an expense and thus tax deductible. The $$$ that you can use to write off differs than accounting term.
Accounting depreciation, takes into account the life of the assets you buy till it become scrap or ready to be disposed.
Depreciation or capital allowance for tax purpose is STANDARDISED!
Example: Computers, hardwares and printers, take 1 year to write off
Plant and Machinery, take 3 years to write off.
Commercial vehicles, take 6 years to write off
Example, for me, I buy laptop, printers etc2 for my business operations..If my laptop and printer cost, example $3000, I can just classify $3000 as my capital allowance and deduct it from my total income, thus reducing my chargeable income.
There are really many ways (like donations to approved charities, paying insurance premium etc2), that you can use LEGALLY, to reduce your tax. It requires planning and continual education.
Hope the above information helps!!! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
Michael Jackson died yesterday, at the age of 50 years old.
I remembered, when I was a primary school kid, one of the songs that inspire me most, is “Heal The World”.
Regardless, you like or dislike him, he has touched millions of life through his music and social work. Because he is popular, people are willing to listen to the noble message he intend to propogate.
May, he rest in peace. Michael, you have my respect for your contributions to the world. Ladies and gentlemen, may I present, “Heal The World”…
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients’ financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.
