One good point to ponder ..... or maybe two

I got test today and glad that I could answer to all the question. Although the answer was not 100% correct, at least it meet most of the expectation the lecturer wants. Phew................... I relieved.

Last night I tried to concentrate with the study. Hampeh .................... Arc watched TV inside the bedroom eventhough what she watched is similar with azfar in the family hall. The only different is that Arc likes to switch TV from one program to another. I got disturbed as the sound of the TV gave the nuisance.

So I decided to have a glass of coffee at Mamak restaurant in a hope I could stay up until 2am in the morning, when everybody has fallen to sleep.

When I reached to the restaurant my old friend shouted at me and called me to join him with his brother which I did. We had a chat from football to business from corruption in the business and in the sport. He even telling story about our Budak Disco friend who recieved bribe while he was playing for Selangor and it really shocked me. Have you ever heard a story when in a one day match, there are 3 groups gave bribe to 3 different areas in a field. One group bribe the strikers and midfielders to score goals, one group bribe the defenders to let loose the defend and the last and definitely not the least the goal keeper. In somewhat game shall be played in entertaining manner and sportmenship, these 3 groups played their role. My Budak Disco friend just got luckier because in the first leg in Singapore he was red carded and he didn't play the 2nd leg match. Selangor lost to Singapore with agregate 2 - 1 and a week later its became history. BPR stepped in and found several player of recieving bribe. They were Malek Abd Rahman, Gunalan and Hasan Miskam ( buat malu jawa ajer). The whole team were bribe but only 3 of them were found guilty. My friend told me that The Budak Disco had mentioned to him that Hasan Miskam recieved huge amount of money (I knew the figure and its really granddddddd) for letting Selangor lost. I am glad that I once a die hard fan of Selangor.

I cheered for Selangor until Datuk Mazlan Harun was forced to step out from FAS. Today no more ........ I don't see any value if I cheer them or even other team in Malaysia as I believe the players don't play for the sake of sport, they play for the sake of their own pocket with bribe money, It happened once with Azizul Abu Hanifah, It happened twice with Malek Abdul Rahman and I feel it happen over ond over again since the persons who were caught were little but the other culprits still at large.

Other than bribe in business and sports, we chatted about value of money. Well my old friend is a young business man chaps. His father hand over the business to him 3 years ago and ever since then the company has growth. He now have one shop lot cost almost RM700K and to me its a milestone in his business. His company became a sole agent for several instrumentation tools from Japan and Korea and since he can communicate in Japanese, most Japanese companies buy instrumentation tools from his company. Now he has diversifed the business into engineering and have secured some project under UEM.

My friend gave a perspective of buying cars. I like the way he presenting the idea. Initially, I didn't agree with his thought and I challenged his idea. As calm as he always be he gave his opnion.

In his opinion, he said that there is no point of dumping high down payment for a car. He gave an example of one of our friend who recently bought Toyota Innova. He put RM32K for his down payment for a car cost RM100K so that our friend only made loan of almost RM62000. He asked my opinion which I said that is good as he dont have to pay high installment or he could shorten the loan period thus reducing the interest. That answer is very typical to him and he asked me to rethink again whether or not it is a wise move. I didn't hessitate and said the higher downpayment the better so people could pay less installment or shorten the loan period. He finally gave his opinion.

According to him, the moment we sign the S&P with the dealer and bank, the value of that car drop 20%, which mean the value of the car now become RM80K. Now, if we pay RM32k downpayment, we basically have pay RM20K depreciation values to the bank upfront, which according to him is not wise. He said why not the RM20K use for investment, save in the unit trust or make small business that a return beating the interest the bank charge to us. He believed that it is a wise decision than dumping all the saving we have just for a reason to pay low installment without thinking other thing that is more profitable.

I said not many people could run a business with RM20K and he disagreed with me. Many things could be done with that RM20K if we really open our eyes. Oppurtunity always cross our sight and we just look at them and never try to see them. When we finished the conversation at 1.00am, I didn't seem to agree with him. Although the numbers seems logic, I didn't believe with his idea/opinion.

While bathing in the morning, I tried to think again what my friend is trying to teach me and later I got what he meant. He is a business man and that RM20K is basically usefull for him to roll the cashflow and subsequently grow the business. That is for him as for others he is trying to sink and idea whereby the money if we invest properly will compound and beating the interest the bank charge us. This will enable us to beat the depreciation value and interest rate.

Well I dont know about you, but I think this is something worth to ponder. The idea really makes me thing twice or even more before I really want to change car in the future.

Something good to ponder