Financial Review - Year 2011

It's a new year and a good time to look back on the year of 2011 to review my financial standings, i.e. what I have done great and what needs improvement. Here's the review for my financial situation:


The Great Stuffs:

1. Expenses: Compared to year 2010, expenses further decreased 8.6% despite the ever increasing inflation and larger spending amount during the year end sale 2011. Actually i surprised myself that i still manage to cut down expenses year after year.
2. Savings: Compared to year 2010, savings increased 20.5% over the year 2011. Again, this is great achievement despite the meagre increment and higher inflation in the year 2011. So far, I've managed to save on average 44% of my net household income.
3. Net worth: Compared to year 2010, net worth increased 31.2% over the year 2011. This is mainly due to the disposal of an investment property.
4. Stocks investment: Stocks portfolio has grown 2.5x mainly due to higher allocation to stocks investment. I cut some losses during the market riot in August, and yet still managed to churn out positive gains over the year 2011.

Tokio Marine Medic Plus - Affordable Supplemental Medical Card

Are you constantly looking for the best medical card in the market? More often than not, you will find that some of the available medical cards have pretty extensive coverage but always lack in some other aspects such as out-patient kidney dialysis and cancer treatments. Even if you can find the perfect medical card, the cost of maintainig this medical card could be too prohibitive over the long term.

An alternative to finding the best medical card is to find one medical card that is the most suitable for you, and then find another supplemental medical card that can cover for whatever that is lacking in the first medical card. That is where Tokio Marine Medic Plus medical plan comes into the picture.

AXA Affin Medical Care Plus Schedule of Benefits & Premium Table

Medical Care Plus from AXA Affin Life Insurance is a comprehensive medical rider that is designed to cover the cost of hospitalisation and surgical up to age 81 years old. AXA Affin Medical Care Plus medical rider can be purchased either attached to a level term insurance that last until 80 years old (T80) or as a non par medical rider attachable to investment-linked Life plan.

The unique features and advantages of AXA Affin Medical Care Plus medical plan is listed as below:

1. Guaranteed renewal
2. No co-insurance.
3. No lifetime limit, except for those coverage listed in the Section C of Schedule of Benefits below.
4. High annual limit, up to RM500,000.
5. A good list of panel hospitals, at least comparable to those from leading insurance companies.

How to earn side income from online surveys

Updates as of 20 Mar, 2012: New proof of payment at the end of the article!

Times are hard with the food and oil prices going up by the days. All of us are feeling the pinch and  worse thing is our pockets are shrinking while our income remain fairly stagnant for years. So, what does most of us do? It's most likely that most of us will start thinking of generating side income to supplement our income from our employment. The most common part time jobs that we can think of is normally selling unit trusts, selling insurance or even multi level marketing. Don't get me wrong! These part time jobs can be very lucrative if you really put in the effort. You might be seeing your first million if you are successful!

But, for those lazy bums like me, those part time jobs are not for me. Not that I'm not willing to put in the effort, but more of not too suitable for my personality. So for those fella who's shy and lack of initiative, so how do you generate a bit of side income while lazing at home?