Season's Greetings
from Tan Kin Lian and family:
Snowball fight
http://www.jibjab.com/sendables/view/N8CaKHrzwITtYjyoweeTH5yG
Office party
http://www.jibjab.com/sendables/view/sEd48avZftSdUKP26qaGk6mc
Logic Quiz
Technique
http://www.tankinlian.com/quiz/index.html
More quizzes:
http://www.tankinlian.com/logicquiz/
Thursday, December 20, 2007
Top up your relatives CPF accounts
From 1 Jan 2008, you can top up your and your relatives' Special, Medisave and Retirement accounta in the CFP (i.e. SMRA accounts). Relatives include parents, grandparents, spouse and siblings (brothers and sisters).
Last year, top-ups was allowed only for spouses and has to be made by cash.
Two new rules:
(i) You can now top-up using CPF money
(ii) if you use cash, you can usually claim tax relief.
My view: If you make the top up with cash, your relative can earn 4% plus 1% interest. This is the best "risk free" rate that can be earned today.
Last year, top-ups was allowed only for spouses and has to be made by cash.
Two new rules:
(i) You can now top-up using CPF money
(ii) if you use cash, you can usually claim tax relief.
My view: If you make the top up with cash, your relative can earn 4% plus 1% interest. This is the best "risk free" rate that can be earned today.
How to make your CPF money work HARDER
Larry Haverkamp (Doc Money) explain how you can take advantage of the recent change in CPF.
Read his tips on:
1) The first $20,000 in OA
2) The next $40,000 in SMRA
3) Top up relatives' SMRA
4) Defer your payout
Click here:
http://newpaper.asia1.com.sg/columnists/story/0,4136,144298,00.html?
http://www.tankinlian.com/drmoney/
Read his tips on:
1) The first $20,000 in OA
2) The next $40,000 in SMRA
3) Top up relatives' SMRA
4) Defer your payout
Click here:
http://newpaper.asia1.com.sg/columnists/story/0,4136,144298,00.html?
http://www.tankinlian.com/drmoney/
A new way to publish a book
My friend published a book on http://www.lulu.com/. It operates on an entirely new model, as follows:
1. The author puts up a soft copy of the book on the website.
2. The author decides on the royalty.
3. The price of the book is the printing charges plus the royalty
4. The buyer can order the book.
5. The book is printed based on demand and is mailed to the buyer
6. The unit cost is lower for a large print volume.
7. The author can request for the book to appear on several online bookstores.
This is a wonderful new way to publish a book. I will be publishing a book on Logic Quiz and on Logic 9 (Sudoku).
Lesson: The internet allows new way to do all types of business.
1. The author puts up a soft copy of the book on the website.
2. The author decides on the royalty.
3. The price of the book is the printing charges plus the royalty
4. The buyer can order the book.
5. The book is printed based on demand and is mailed to the buyer
6. The unit cost is lower for a large print volume.
7. The author can request for the book to appear on several online bookstores.
This is a wonderful new way to publish a book. I will be publishing a book on Logic Quiz and on Logic 9 (Sudoku).
Lesson: The internet allows new way to do all types of business.
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