Jarod Lee Notes

I recently had a conversation with a university friend whom I hadn't met in 25 years. During our conversation, my friend, who has two children, mentioned an intriguing question asked by one of their children: "Why should we study so hard when the government approves a minimum wage starting at RM 1,500 per month?" My friend was stunned by this question, and I couldn't help but smile. Determining Your Future Salary The real question to ask is, "How much will be your last drawn salary if you start with RM 1,500 per month now?" Let's assume you begin working at age 20 and plan to retire at age 60, giving you 40 years of working life. For the sake of simplicity, we'll assume a permanent annual salary increase of 4%. The answer is that your last drawn salary upon retirement at age 60 will be RM 7,201.50 per month! In contrast, considering an article that suggests a fresh graduate's starting salary will be RM 2,500, and assuming a permanent increase of

I am aware and acknowledge that I have room for improvement as a salesperson. In the past, I have successfully sold myself to a few individuals, particularly my superiors and my wife. However, I feel that I still have work to do in effectively presenting (selling) myself to participants However, I thoroughly enjoy sharing my experiences with like-minded individuals who have similar interests. Currently, I find immense pleasure in exploring the realm of social media marketing. Moreover, with the emergence of Generative Predictive Text Artificial Intelligence, such as Chat GPT, this field has become even more exciting What exactly is social media marketing?  This question often sparks curiosity and confusion. Many of you may be familiar with terms like Facebook marketing, YouTubers, TikTokers, and other platforms associated with marketing. However, it is crucial to grasp the broader concept of social media marketing. Social media marketing extends beyond specific platforms like Facebook,

Meet Mr. A, a hardworking family man. Tragedy strikes when he unexpectedly passes away, leaving his loved ones with a significant burden. While he had purchased life insurance, there was one critical aspect overlooked: income tax payment for the current assessment year. Mr. A's sudden demise leaves his family grappling with a complex situation. Besides dealing with the emotional toll, they discover the looming issue of unpaid taxes. As a partner in a small online business, Mr. A had additional tax obligations. Failing to settle these taxes would have consequences for his family. The responsibility for settling the unpaid taxes falls on Mr. A's beneficiaries. Without sufficient life insurance coverage, the family faces a financial strain that could have been avoided. The story of Mr. A serves as a stark reminder of the importance of comprehensive tax planning and adequate life insurance coverage. Don't let the unexpected burden of unpaid taxes add to the hardships faced by y

I love planning because it's like bicycling in the mind, keeping my thoughts active. However, I'm not sure if it fits the definition of mindfulness in helping me focus on the present moment. Nonetheless, I enjoy exercising my brain consistently, which might explain why I have more white hair than others my age. Today, I want to share with you my thoughts after reading Robin Sharma's book, 'Discover Your Destiny,' and how it relates to the concept of mission and vision statements. If you've read Sharma's previous book, 'The Monk Who Sold His Ferrari,' you're likely familiar with his writing style. In 'Discover Your Destiny,' I found myself struggling to finish the book as I prefer a more structured approach with step-by-step guidance rather than excessive storytelling and bombastic English words. Admittedly, my English grammar and vocabulary skills are not as strong as they should be. About the book The book is divided into three parts and

Hey there! Have you heard of Warren Buffett? He's a pretty famous guy, but did you know that there's another well-known person named Jimmy Buffett who isn't actually related to Warren? Jimmy is a well-known songwriter and singer. Anyway, the reason I wanted to chat with you today is that I came across this book that caught my attention. It's called "A Money Manual for those who haven't Won the Lottery" and the subtitle really spoke to me. I mean, who hasn't dreamed of winning the lottery, right? What are the chances for you to win a lottery prize? But before we get into the book, let me ask you a question - have you ever thought about your chances of actually winning the lottery? I did a quick search and found out that the chances of winning a lottery prize are roughly 1 in 10,000, and the chances of winning a grand prize are 1 in 43 million! Crazy, right? And if you're living in Malaysia, where the estimated population is around 33 million, that m

Mr. A has a son and his name is Ah Boy. Ah Boy has a bad posture, which requires regular visits to a chiropractor. Although Mr. A has been taking Ah Boy for treatment and encouraging him to do daily core muscle exercises, the chiropractor suggests a more intensive rehabilitation that comes with a higher medical fee. Mr. A is upset and stressed because of the current economic situation and higher inflation impacting his household expenses. However, he doesn't want to burden his son with his frustration. Mr. A takes this opportunity to involve Ah Boy in financial planning by asking him to calculate how much they need to spend on treatment every month. Ah Boy realizes that the intensive rehabilitation will cost them a few hundred dollars more each month. To avoid the additional expenses, Ah Boy promises to practice the core muscle strength exercises regularly at home, which will make him stronger and better. If you are facing a similar situation, whereby your expenses are increasing f