EPF Clarifies Chain Email On Nomination Of Age 55 Members

There has been a circulation of chain mail regarding EPF members whom have turned 55 have to  renominate their beneficiary. Just like most chain mails, this is just SPAM!

In response to this mail, the GM of public relations released a statement on the KWSP website  that only members who have made an age 55 withdrawal before the 1st February 2008 needs to perform a renomination of their beneficiary and for members whom have made their age 55 withdrawal after the stated date remains valid.

Do your research before forwarding chain mails to avoid unnecessary panic.

Cheers~!!

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The Employees Provident Fund (EPF) would like to stress that the nomination of EPF members who have reached the age of 55 remains valid. This clarification comes in response to the recent chain email that claimed nominations of EPF members who have turned 55 are void and that they have to renominate.

We would like to clarify that an EPF member only has to renominate his or her beneficiary upon turning 55 years of age if he or she had made an Age 55 Withdrawal before 1 February 2008. Therefore, if this member were to continue to contribute to the EPF, he or she would need to make a new nomination.

For EPF members who have made Age 55 Withdrawal after 1 February 2008, their nomination continues to be valid unless a new nomination is made to replace the earlier one. This also applies to members who are 55 years of age but have not made the said withdrawal.

We hope that this statement will put to rest any confusion regarding this issue. The EPF wishes to assure its members that their nomination is safe and secure.

Source

What could 4000 dollars do for you?

Here's a thought... Have you been spending your money wisely? If you had a lump sum of cash, what would you do? When was the last time you made an investment that really paid off? And in how long did it take to mature?

Have you ever heard of the term 

“Let your money work for you”?

Financialrich.com says, “If you desire to become rich, you must let your money to work for you. We can’t become rich by working hard and saving hard. We only can become rich by investing, that is letting your money to work for you. You can always ask the rich how to become wealthy. The rich save and invest not save and spend.”

Hmm sounds pretty much like an entrepreneur!! Let’s name some famous entrepreneurs here...

Oprah Winfrey, a television host, actress, producer, and philanthropist, best known for her self-titled, multi-award winning talk show, which has become the highest-rated program of its kind in history.

Walt Disney, a film producer, director, screenwriter, voice actor,animator, entrepreneur, entertainer, international icon, philanthropist, and founder of the Walt Disney Company.

Steve Jobs an American business magnate and inventor. He is the co-founder and chief executive officer of Apple Inc. Here's an epic picture of Steve Jobs with his 1984 Macintosh.

Clement Cheng or better known as GapNap to some, a Malaysian entrepreneur who started off selling guitars and music equipment in his blog site (www.gapnap.com) and has formed one of the most well known music shops in Malaysia, Music Master.

What did these people have in common? They all worked their asses off and had to invest tons and tons of time, sweat and money! But no one in history can compare to the great Georgina Kelly!!

WHO THE F*** IS GEORGINA KELLY????

This overly under-rated entrepreneur has invested a mere 4000 dollars and has received worldwide recognition. This includes over 135 million YouTube views, a nomination in the MTV O Music Awards in the same category with the famous hip hop artist 50 Cent and even featured in a Jay Leno show. And her investment has paid off in a mere three months since the investment.

INTERESTING EH?? But who the hell is Georgina Kelly??

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Here is what Georgina Kelly has created!

Yes that’s right!! Mrs.Black paid USD4000 to a record label, ARK Music Factory, to write and produce a single accompanied by a music video. On the 10th of February 2011, the single “Friday” was released on YouTube and since then has made many accomplishments.

- Receiving over 135 MILLION views on YouTube

- Black appearing on “The Tonight Show with Jay Leno”

- Peaking at number 58 on the Billboard Hot 100 charts

- Making it to the top 50 in Australia (#40), Ireland (#46), New Zealand (#33)

- Nominated in the MTV O Music Awards for the Favorite Animated GIF with 50 Cent and Bert

- Parody of the song played on Hitz.FM every few hours

- Recently announced that the Cast of Glee will be covering “Friday” in their upcoming episode

Don’t you think that’s a 4000 bucks well spent??

And that it all paid off in a mere 3 months!! DAMN!! Compare that to Paris Hilton’s “Stars are Blind” which only has 1.6 million YouTube views and no other achievements other than peaking higher on the charts… (don't get me wrong, I personally think that it's a good song and I really do like it a lot)

Wouldn’t you agree that this is just pure genius? Imagine creating this little monster rising star with just four thousand bucks… Imagine the possibilities with more?

Makes me think,

what have I REALLY DONE WITH MY MONEY…

Weddings?? Funerals?? Still got money for TV???

As the year comes to a close, I've got friends who are complaining that business aint so good this time of the year, which I found rather interesting. I seem to be going through a hell of a hectic time at work and business is shooting up like crazy, well I guess people are turning to be more self and health conscious as time flies us by. One of my bestie, who works in the electronic appliance line told me that regardless of his road show and all, the sales of TVs hasn't been that great... I came up with a theory for that which he entirely rejected and thought I was crapping.

Alright here was my theory, short and simple:-

Haven't you noticed how there are so many funerals and weddings this year in particular? I'm not sure about you guys, but I've had at least 5 or 6 friends I know who got married this year or these few months actually...  and it saddens me also that there have been so many passings this time round as well, be it friends relative or a friend in particular or a distant relative or someone who stays near you... but I guess thats how the cycle of life goes, only God knows the bigger plan! So back to the theory... Well with all these weddings and funerals going on, who got so much money to spend on ten thousand dollar tvs anymore??

Think about it, I was talking to my customer, who happens to be a Nirvana Agent, he told me that a simple Christian funeral can cost you around RM12k excluding the grave, and it costs more for a chinese funeral with all the *tong changs* and ceremonial monks and everything... what's more expensive than dying? being sick, imagine a surgery to remove a tumor can easily cost around THIRTY THOUSAND!!! I figured thats why my business in the health line is going up as people tend to become more health conscious. I always share this statement with my customers, "You have to be rich to be sick", and that is no joke! The costs of medical bills are going up by the year and the number of people getting sick is also ascending! Even insurance coverage can only cover you so much based on you premium... therefore prevention is better than cure when it comes to your health!

On the other hand, I recall having a conversation with some of my friends, over chicken wings, about the costs of getting married... gosh if you are planning to marry a girl, you better be ready to put aside some savings -  for a dowry to give to the bride's family, a traditional BIG DINNER (which you would eventually get back about half or more from the ang paus), Honey moon, photoshoot, video shoot, dress, etc etc etc... - it all adds up to a large sum which I cannot imagine yet! Well, I've got nothing against this, as I do want to get married in the future but maybe not such a traditional in-the-church kind of marriage, maybe something more exciting like a simple marriage by the beach or underwater or in the sky, but yeah we'll see how that goes. Well back to topic! Yeah!! after spending like tens of thousands for these ceremonies and all, "where got ppl still got money to buy tv oh tai lo... all the pocket all pancit edi oh!!!" <---- me telling my friend in a very china man tone...

Therefore, a word of encouragement to my young friends, start investing and saving because when the time comes for you to get married (or go), it's gonna costs you some big bucks!!