Low Chin Ann Blogspot

  Touch & Go now launches its GO Pinjam.   Look at the enormous interest charge it can impose on you? 36% pa max. 36% hellooo. 36%. And look at the illustration, it is trying to give you an impression it is cheaper to borrow even at 36% vs 18% when it quotes “RM21” vs “RM115”.    This is irresponsible illustration, because one is a tenure of 6-month vs 3 weeks.    We re entering a regime of easy credit, in a legal way, no splashing of red paints on your housewalls, but you will unconsciously work your whole life to be slave to these financial institutions. Noticed the emergence of “Shoppee Pay Later” “Boost Pay Later” “Laz Pay Later”…    The system is trying to make you live like you dont really feel any difference because it is all cashless, e-money, but in actual fact, the system is swallowing you bit by bit and you just “get used to it”. Beware lest that you are a Slave to this system.    Financial Literacy is very important.     Low Chin Ann is the founding Director of Genesis

SBL New Format from Sep 2023 Exam SBL was introduced back then in 2018 as a case-study paper. It was an undisclosed case study with a 4-hour exam. It was known as a combined ACCA P1 and P3 papers. Back then, we called it Professional Accountants (then changed name to Governance, Risk and Ethics) and Business Analysis paper.  Few years have passed and ACCA evolved to adapt into the needs of the environment, both the workplace and also the students. In conjunction, we will see further restructuring of the SBL, with very drastic change with effect from Sep 2023 exam onwards.  This video will give a quite overview of how the new SBL would be:  Mr Low Chin Ann is the founding director of Genesis Origo . He is also a lecturer for the ACCA SBL. 

Can a Nation Print Money to Solve Poverty? Student asked "Teacher, I am poor. Cant the government just print more money and let us spend?" This is a very popular question asked by my students whenever we talk about the economy. This may be a long read, but spare few minutes and read through. Currency is not money backed by Gold since the Nixon Shock (u can google it to understand the history of when nations started giving up Gold as a standard to back their money). So using a very simple analogy to explain the situation. Let's use "Teacher" as your government and "Students" as the people and exam marks as the money each of them deserves. Some work hard and brilliant, so they got themselves more marks than others. Some are contented with enough for themselves so they stopped there. Some are really really backwards and behind and never seem to rise up to the standards - and we have those in poverty. Let's say they only score 5marks in each exam and w

Finding Purpose  Why I am here? What is my purpose? Have you ever asked these questions? I did, sometimes I still do. It is very tiring when you have to work all day long not knowing what is your purpose and you can find yourself so exhausted, and still feel empty. I remember John Maxwell said this, to first find yourself, you must find your purpose and then lose yourself. What an oxymoron, contradicting statements? To find ourselves so that to lose ourselves. We want to know what our purpose is? Then we need to put our purpose greater than our own, thus we lose ourselves. I learnt about great men in the history, like William Carey - an English man who left his own country to India in 1973, bringing with him, wife and children with a lot of uncertainties but with just one great mission in his mind - to bring hope and change to different parts of the world. This man, was the man who founded the now, Serampore University and established 100 of schools for he believed through e

Free RM80,000 protection from the Malaysian Government. Want to know how? Since personal finance is a topic under Advanced Taxation (ATX), it might be of practical interest to some plan for your child's education and I would like to point out on this SSPN (National Education Savings Scheme). (SSPN-i plus) account. SSPN-i Plus is a savings scheme for your child (or yourself) which bundled with insurance protection. Why it is worthwhile to consider? 1) You get a max TAX RELIEF of RM6,000 (for the NET SSPN Savings)  (Increasing to RM8,000 in Budget 2019) 2) The insurance portion is affordable or would say is cheap . Let's say you start on RM100 monthly savings for your child, RM90 is your savings and RM10 is your insurance cost. What is your coverage like? (i) RM40,000 on accidental death or total permanent disability (ii) RM20,000 on natural/illness death or TPD (iii) 36-critical illness protection of RM10,000 (iv)

Our Future? The Wealth Gap is growing greater - that it is almost impossible for the ultra-rich and the ultra-poor to live in equal terms. This would result in greater stress to the mind - especially the society has been taught that success is measured based on "how much you made" when we see happiness does not correlate positively with wealth. Many are becoming Lovers of Money as they perceived that "Money" can create them a kind of status - where it is this status that can feed their desire. I have already noticed of uprising generations whom are: Self-centred - being considerate is becoming a skill to train onto them and no longer a value embedded since young. This is so noticeable when I observe the way they "speak or reply message". Risk-averse - a generation that does not have much living skills and does not have much entrepreneurial skills. Living in an artificial world that does not know what reality actually is and when they discovere

    I once told - the wealthiest man is not the one who owns the most, but to desire the least.. Do u agree?    Yesterday Mr. Sandy McEachern was giving us a sermon, and he preached on something that also touched on "material possessions" A good point to ponder really... the key takeaway from this part was that so many of us are so obsessed with material possessions, and we just love to indulge and to own more and more of these things. Be it, a good car, a good house, good clothing, good life and it goes on. We are telling ourselves to go for something BETTER. And each time we want it better, we work harder and most of us just never are satisfied and eventually - it has taken away the most precious thing of ourselves - Our TIME. Then it comes to a point that we realised - TIME is all gone and the real price we pay include we sacrificed our family members, we sacrificed building relationships with our loved ones, our friends and more importantly, with God. And does