How the Bank (Staff) Sweet Talk and Cheat Your Money

I would like to share with you my personal losses due to the following bank technique:

1. Balance Transfer and Personal Loan.

I took a balance transfer program from RHB Bank 1 year ago, with 6% /annum interest rate.... This bank is cheating..... the 6% is "FLAT RATE" which translate to about 12% "Reducing Interest Rate".

Nevermind that, they have a staff call me up asking me whether to take the personal loan..... without carefully asking for detail, i being sweet talk into it. This was one of the painful lesson I learned. Because this bank "COMBINE" both Personal Loan and Balance Transfer Program into the same account!

The results.... every month, when i make payment, it pays the personal loan..... The Balance Transfer Loan just "Stuck There" and "Suck my blood" without being pay......

As a results..... I pay MORE than the amount as compared to not making a balance transfer at all. RXX Sucks.....

And I also make mistake before with OCBC Bank. I took a home loan with Standchart. During that time, I was paying RM 850/month. After moving to OCBC, we pay only RM 720/month..... but go to hell OCBC..... For the last 2 years, we were only paying the "Interest" only. out of the RM 720 we paid, RM 600 go to interest and RM 120 go to reduce capital.....

But, every year, about RM 200 was deducted from the account for FIRE INSURANCE..... as a result..... we feed the lion only.... Now, switching to EON BANK is much better.

Hope can get better and better everyday....

Norm'C

Not everyday is a good day!

As I was winning thousands a day, I started to sabotage my success. Recently, I loss thousand a day.

Share market is a gamble. Not everyday can be or will be a good day, a winning day.

I was not demotivated or dissappointed, as i was not excited nor motivated when i won big 2 weeks ago.

Will try to strive for better results.... soon..... next week....

(guess have to pay more attention to my salary paid job to avoid redundant)

The lesson from Money Mastery

Why aren't most people wealthy?

1) They never clearly define wealth
2) They make it a moving target
3) They define it in ways that make it feel impossible to achieve.
4) Consequently, they don't believe they can ever really achieve it.
5) They never make it an absolute MUST.
6) They don't have a realistic plan.