|Posted by Azim Azman on February 6, 2017 at 10:45 AM||comments (2)|
|Posted by Azim Azman on January 22, 2017 at 12:05 AM||comments (0)|
For many years I have been taking ACCA, I can see some patterns form from the students. Some can pass the paper, some still struggle to pass, some still do not know how to pass the paper, and some have already given up.
Before you can say anything about this course, you need to know it is a very tough course. The passing rate can be as lower as 30% to 50% for each subject or paper. Which means, every 100 students that take the paper, only 30 to 50 students will pass it. The rest will fail.
It has been a very struggle for the students that still cannot find ways to pass the paper, they do not know what it takes to pass the paper.
Taking ACCA requires your full commitment, it demands you to spend thousands of ringgit for the annual fee and exam fee. It need you to study hard and smart. And you also need a lot of support, from your parents and friends.
Due to this, I think I will write about on what takes to pass ACCA paper on the next blog post.
Stay tune guys.
|Posted by Azim Azman on September 21, 2016 at 9:50 AM||comments (2)|
|Posted by Azim Azman on June 11, 2016 at 11:25 AM||comments (0)|
Many of my friends started to get married lately.
Yeah, of course, we are already 23. Haha.
Because of that, I think it is very relatable to write about " Common Couple's Financial Mistake." I assume we all can or have heard many story like the one I will tell here.
Many people will start working and earning some income. Then, they will meet the one they love and decide to get married.
The 1st mistake that they make is to spend so much in their wedding ceremony. In Malaysia, we can see this so many time. Many couple even willing to make big loan for their marriage. That is just absurd. In Islam, small marriage ceremony is enough. I am glad and happy when I see most of my married friends spend less than RM10,000 on it. I think it is most approriate for most Middle Class Income people.
2nd mistake, they start to buy big house to stay. This will just take more money from your pocket every month.
3rd, one day, they looked at TV or heard on the radio those crazy promotion. " Installment for 60 months, without any down payment" type of promotion. They get so excited and went to the store. They bought furnitures, TVs, refrigerator and so much more as it is " No down payment and easy installment every month".
Few months after that, they realise that all their commmitment installement payment have cost almost 80% of their monthly income ! Every month, they need to pay for 1) House 2) Car 3)Marriage loan 4) Furnitures 5)Electric items
That leave them with only 20% of their income.
Next, they will realize that they have so much commitment to pay that they cannot stop working.
Even if they working and getting income every month, they cannot enjoy it, as most of them need to be paid to the banks. That is why most people have become the 'slave' to the banks. Every month they give most of their income to the banks.
They cannot stop! And they are so afraid to be fired!
They have just lost their FREEDOM!
Because they rely on only one income, their job! Before this they do not even care to create second and third income streams. All they care is to spend, spend and spend.
The main point here is most people has burden themself with lack of financial education. Thus, they buy many LIABILITIES instead of ASSETS!!!
Decide today to learn about financial more. It is one of big part of your life!
And take control in your life. Increase the control, do not depend too much on one people or one job.
Your financial risk will be greatly reduced when you decide to buy more income generating assets that will bring more money into your pocket every single month!
That is all for this writing guys, hope its helpful. If you think this is a great reminder, do not forget to comment and share it with your friends and family. Please do subscribe and follow me on my social media account and say "Hi". Thank you for reading.
|Posted by Azim Azman on May 14, 2016 at 11:25 AM||comments (0)|