December 2011
2 posts
What happens to my money if my bank closes down? →
I have bad news for you, friend. It’s bad enough that the bank doesn’t tell you the financial risks they’ve been undertaking to get you that “kacang putih” interest rate. The worse thing that can happen is if the bank goes bust, they do not guarantee that you’ll get ALL your money back; if your savings exceeds $50,000 that is.
So the “don’t put...
Bet your life this will never happen to you
Die too soon
Live too long
Involved in a non-fatal Major Accident
Getting a major illness i.e. cancer
The person you are caring for has met with one of the above (except point #1)
… if you can’t afford the bet, there are someone else who could take the bet for you. Who’s your guarantor?