#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 1...
Have you ever gotten one lump sum of cash that you don't know how to keep to multiply? In 2011, I got an arrears of RM28k (but it all disappeared without a trace now). I bought some gold jewelleries and gold bars from a well known gold shop but the prices were inflated by high per gram rate and workmanship!
Those days, I was looking for a safe and easy way to save in gold. Easily liquidated, low buy-sell price difference (spread) and could be deposited or withdrawn online. I thought it would be great to be able to convert all my RM to grams of gold and have the choice of keeping it safe before having to handle it physically when I need it. But that is all history now...
This end of May, I stumbled upon Hafizul Hakim's blog about such kind of saving. That is how I ended up being a customer and a few days later, a dealer! Frankly, I could only afford 1 gram. But Public Gold has a facility called EPP (Easy Payment Purchase) to help me secure my dealership to gain commission from every transaction that I make by myself and those under me.
Sounds familiar, right? If you want to save right, gain some extra right and plan right...choose #PublicGold.
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 2...
When we buy gold at a gold shop, we are charged the gold price (higher than Public Gold price) and workmanship. When we sell back, the price is cut 18-25%! We as customers ALWAYS LOSE!
At Public Gold, the difference of buy-sell price (it's called SPREAD) is low (6%). So, we don't lose much. Actually the loss is subsidized by our own commission (1% for buying, 0.3% for selling) gained from the transactions. Choose well when it comes to buying gold or investing in gold.
Be like me, choose #PublicGold.
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 3...
I usually spent my money on groceries, bills, babysitter's service and home cleaner's service before I even thought about setting aside for savings. In the end, after unplanned spending..I didn't have any for savings anymore. I think, most of us with low to medium income are like that.
After knowing I could convert my RM to grams of gold in #PUBLICGOLD with LOW INITIAL DEPOSIT and NO CHARGE SAFE DEPOSIT FACILITY... unlike banks that offer gold investment services, I tried with 1 gram.
After that initial 1 gram, I felt excited to see the gram increase in number. Believe me! For a spendthrift like me, being "addicted" to save is a MIRACLE! Now, I see every spending in possible grams. Hence, I limit or am more selective on my spending and try to find ways to add up my grams.
Try to start small with RM100 and see what I mean. Ask me if you want to know further.
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
Hp: 0168980629
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 4...
I get irked whenever I find coins in the washing machine tub, on the floor, under the car seats, in the bathroom sink or wherever possible for a coin to be! Kids nowadays don't care for the value of coins. I used to collect all these coins while nagging about how ungrateful the kids are and insert them into the family piggy bank. My husband too dislikes keeping coins and would just leave them on the dresser for me to collect.
Now, after opening the GAP account for all 4 kids under me..I set a challenge for them. They are to save all the coins they can find into their own piggy bank. Once the amount reaches RM100 or more, we would deposit it into their GAP account into grams of gold. Talk about killing many birds with one stone!
GAP (Gold Accumulation Programme) account under #PublicGold lets you save as low as RM100 (about 0.555 gram of gold) and later withdraw in the form of physical gold bars or dinar coins. I liken it to pinching bits of gold as we deposit every RM100.😀
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 5...
Coming from a family with one breadwinner made us aware of the value of my dad's salary. My mom never went to school but is a frugal wife. She would keep the balance of the monthly grocery purchase (back then, grocery shopping was done after payday). So, when my dad or us kids needed money for adhoc needs, mom was the person to go to! 😂😂😂
Now, dad has his own pension and still gives mom her share but smaller. Both top up with earnings from their lemon and lime groves which are sold at Tamu Bandar Riyal. Mom mentioned to never look down on people who sell their produce at the tamu. They roughly earn at least RM100-200 daily. Hafizul Hakim shared about one of his customers who would deposit RM200 daily into his/ her GAP account from selling midin. How cool is that?! If a midin seller can, RM100 monthly for us with fixed income should not be a big deal...!
It is still not too late. Start now.
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
0168980629
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 6...
There is another challenge that I have set for my kids. We are not paying for their first house downpayment. They are to save up in gold from now on to pay for the downpayment while we survey for a property below RM200k (with 30 years mortgage, about RM600plus installments and 10% downpayment). Meanwhile, I also need to ensure my eligibility for a loan.
Who gets to his targetted amount of RM or grams first, gets to buy first. With RM1k monthly rental, he gets RM300plus as monthly income. If he is prudent, this could be achieved even when he is still studying in the tertiary level. My second son is fired up about this. 😂
What is your goal? Discuss it with your kids. You never know that small spark could rage a fire!
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 7...
Those who know me, know that I wear my heart on my sleeves. So, what I write here is mostly from my heart.
I think most of us have the same problems.. when we have some money to spare, we spend on "rewards" like a new pair of shoes or dress or handbag (for women). I have this tendency to hoard on cook books and cheap but look-pricey clothes.
We Dayaks mostly spend money on food and drinks (during special events and festivals) but we don't care much about pricey trendy clothings (I am assuming this for us the middle aged and older generation). Enough to say that we have some cash to set aside for savings if we want but we lack the will and discipline..and maybe the "excitement" to save like our Chinese friends! 😃 I think it is time for the Dayaks to start emulating our Chinese friends! 😂
I can assure you, once you start saving in grams of gold...you would want to keep on saving more and avoid buying unnecessary things! If you are like me, afraid of keeping physical gold...save in the GAP account until you feel like touching your targetted grams of physical gold (you can convert the GAP to physical gold).
Pm me for more info.
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
0168980629
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 8...
It is Father's Day but I haven't officially wished my husband (he is snoring on the couch after a heavy breakfast just now). 😂 But to show I love him, I opened a GAP account for him.
He is a smoker. My wish is for him to convert the money he uses for buying his cigarettes to gold savings and for him to ultimately stop smoking (since our first date, I have never ceased preaching the "Quit smoking" module). At the moment any income he gets from his monthly rental next door, goes to this GAP account. Cool, ehh? Lest he buys another drone or other expensive toys!
Another wish..maybe that could be our Vacation Fund together later!
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 9...
When I first started working in 1999, my gross salary was RM1500plus. I had to send RM300 to my brother, Tom for his pocket money in UiTM (dad said the older sibling would help subsidise the immediate younger sibling).... RM200 went to mom and RM100 went to my sister Deborah Sian who was still studying in SM SainsKu.
I flew home to Kuching once a month (RM140 to and fro by MAS). Only on long holidays, I used the bus (RM120 to and fro). At my parent's home, I would pay for that month's grocery of about RM300. With the balance, I paid for my rental, bills and teaching aids. Looking back, I wonder how it was all possible! 😣
During school holidays, my friends were going for vacations but I spent the first half invigilating SPM or STPM. But I never had enough to save.
If you don't have family commitments.. unlike me (being the eldest of four), start a smart saving now in the form of gold. The value appreciates over time. Little by little you would accumulate a fair amount for your first house downpayment. Pm me if you are interested.
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
#SharingWhyIChoosePublicGold
#StartAsSmallAsRM100Or1gMonthly
Part 10...
If you don't travel a lot, lead a simple life and have an income of less than RM5k...CANCEL YOUR CREDIT CARD!
I was introduced to the credit card in 2005. I had two and these brought hell into my personal finance. I am a "natural" spender, so you can imagine how life was like with the credit cards. I finally had to consult my husband and he taught me how to get myself to settle all my debts and get a clean slate. You might wonder why he didn't interfere sooner..he is the type who lets you learn through your mistakes..knowing how stubborn and adamant I could be sometimes! 😂
Post credit card era has been blissful. Now I only spend what is in my debit card and am now learning to rein myself more. I am retiring 13 years from now, people! I don't want to be ridden with more debts! My aim before I retire is to settle all those personal loans (acquired during my ignorant 30s).
Don't be like the past me..be like the present me. The sooner you start, the sooner your wealth (what little you might have) would be protected!
Barbara anak Sian
PG00177435
Authorized Dealer
Public Gold
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