How To Find Calgary Oil And Gas Insurance

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oilfieldinsurancequotesWhether you are the owner of the gas rig or a mere investor, you want to make sure that everything about your business is insured. From the driver to the mechanic to every person working to ensure that your business is going the right way, you have to get them insured. More than protecting your financial assets, the Calgary oil and gas insurance package that you should get is to protect you and your business investment and everyone else around it.

You’re a professional doing business. All that you is to need to protect yourself. You may be an expert in your handling business, but when it comes to insurance and what coverage you should get, it is best to ask an expert to give ideas.

Your business allows you to reach out and help other industries thrive. With the oil and gas deliveries that you have, you are helping the entire business industry to survive. After all, without gas or oil, no industry will ever be able to move forward and take care of their deliveries. Many clients of almost every type of industry would only be kept waiting for nothing. The gas and oil products that you provide are always all the fuel that keep putting their businesses forward.

Much like the process you follow to get things done, you, as an investor, also need to follow a process to be able to protect yourself and your practice. Apart from the proper training and licenses that you have to obtain, you must get yourself the right gas and oil insurance for the products that you provide. Without insurance, you might lose everything you have worked so hard for to pay off third party who couldn’t care less what you lose.

Apart from that, you may need money to pay off your legal team. Without insurance, you may have to deal with out of court settlements and get the money out of your own pocket. In truth, if you want a higher the coverage for your insurance, you have to be able to pay the higher premium every month. While the coverage for the gas and oil may be a lot more expensive, it surely is better than losing everything you have invested in. After all, it is your protection that you are investing at. There is nothing you will not do to make that is always safe and sound.

Five Behaviors Of A Cohesive Team: Is It Important?

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fivebehavioursWhat is the secret to success of most businesses? Those who are just starting out, this may be one of the things that they wonder about. Who wouldn’t be interested to know, right? Understanding how a successful company has worked its way up and achieve the kind of success that everyone wants is indeed a gift. If you want to have a company that is as successful as theirs, then the only thing that you need to know about is how they are able to achieve it with each other’s help.

Company owners who are going through trouble right now could only wish they knew how to deal with it properly. Expert business advisers have talked to them about the importance of achieving the five behaviour of a cohesive team. They have been repeatedly told that in order to find success in doing business, the owner must work hard to achieve the kind of cohesiveness that every team must have. Perhaps you too are wondering why, if the point of doing business is to make money.

Here are facts about businesses that you should be aware of:

  • A cohesive team understands what would make each one tick. Because of this understanding of their colleagues, people within the company know exactly how to approach each other. After all, the people within the company are the very ones that can tell whether it would spell them success of not. When they know each other all too well, they can help each other and provide assistance when needed without even asking.
  • A cohesive team respects each other. With this mutual respect comes responsibility to only do what is right and what is best for the company. A team that respects each other knows the value of each one in the company. From the upper management team up to the housekeeping staff, each one in the company must recognize that the work that they do is valuable to the company as they are.
  • A cohesive team should be able to lighten up the load. Because they are there to help each other out, they can be open to new learning on how they can be better at what they do. When they continue to improve themselves, they can continue to help each other the best way possible.

How important is it to be a cohesive team? It is a matter of survival – that simply says it all.

Q2 2013: Net Worth & Spending Update

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When I reviewed my spending for the first quarter of 2013, I was concerned about balancing my spending for the things I care about i.e. family, friends and pets.

I set a single goal of having RM15,000 in savings on top of my retirement fund in 2013. In order to do so, I resolved to be conscientious with my spending.

These periodical reviews are not only useful to see if I’m on track on my savings goal, but for me to be continuously on top of my spending patterns.

Am I spending too much? Can I still afford to have fun once in a while? Should I save more?

Spending

Q2-Spending

HOUSE – I upgraded my lease as the sole renter of existing apartment, paying $950.00/month (from $650.00/month).
GROCERIES – Two-fold increase in groceries expenses in Q1 because I was attempting to bring lunch to work. It’s cheaper to eat out in my case.
CAR SERVICE – I replaced the tie rod for my car wheels after 4-5 years.
TAX – I owed the inland revenue board for income tax the first time -$269.58.
PETS – Spending for pets increased in Q2 due to vet bills for vaccinations and spaying.
MISCELLANEOUS – I have learned to be smart when spending for families and friends.

Savings

Spending-Savings-2013

My savings received a healthy boost with the annual bonus I received in June. This gives me a healthy savings rates since I have no major purchase planned for the bonus apart from vet bills and a few small deferred spending. Until June 2013, I saved:

$8,237.92 in retirement fund.
$1,500.00 in a local equity fund.
$8,238.95 in online savings account with 2.1% interest for emergency and travel purposes.

Net Worth

Q2-Savings

Moving forward, while I know my income and net worth will not drastically increase as it did in June, I am optimistic about keeping the momentum to meet not only the $15,000 savings goal, but also to go above and beyond my other financial goals like increasing my investment.

What Does Financial Freedom Mean To You?

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DailyWorth today has a great feature of stories about how women across U.S define financial freedom and how they achieved it. My favourite highlight of the article is how much our money in the bank says very little about how free or empowering we feel in regards to our finance.

We could be earning RM10,000 a month and feel like we still don’t have enough, or we could be living in a 400 sq. ft. house and feel like we are the luckiest person on earth. It’s all about mind over matter.

How I define personal freedom: A peace of mind, and the ability to live life on my own terms.

I am lucky enough to learn by example from my parents that money is only important as far as it meets our needs. You need to have shelter, clothes, food, and education – and the rest of the stuffs are just frills.

More importantly, what you do with your life and how you live it matters – YOU, not anyone else.

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My mom was ahead of her career when she quit her job from the Central Bank to move across country with our family. 20 years later, a family crises put her loyalty and sacrifice to a test. She got through it with gumption, and on top of it all, she still managed to have her own retirement income and buy her own house.

This was the greatest lesson my mom has taught me, that you have to look after yourself, that you are responsible for your own life, that no matter what happen, own yourself.

How I achieved it:

Like my mom, the family crises we went through made me question my life. At 18, I learned with a terrifying realisation that I can no longer rely on anybody except myself. It’s terrifying, but when I came out of it it’s also the best feeling in the world.

From then on, nothing else matters. Every time I make a decision, I would ask myself: what do you want?

I changed my major from Pre-Pharmacy 1 to Pre-Biology because I want to work in the forest like Simon Jackson. I shunned any thoughts of doing paid internship because I want to work with the wildlife department in the forest, with no mobile or internet coverage for three months. I went on to do a graduate degree in policy analysis because I prefer looking at the big picture instead of working in the lab. Instead of working in the public sector or academia as I thought I would/should, I am now working with a donors project and local companies.

Do you know the best part of it? Deciding for my own education and career has an impact far and beyond what I can imagine.

I am enjoying my work, and I’m rewarded for it (my income has increased 100% since I started). My classmates and I became the best of friends until today, some of them from all corners of the world from my postgraduate stint in Sydney, Australia. I went on a journey of acceptance and forgiveness during my year abroad and I am far better off emotionally today than I was at 18.

I am content driving an 8-year old car, I don’t care about the latest fashion, owning branded handbags or matching shoes and I have no plans to buy an RM400,000 house. I have the comfort of four cats I rescued from the streets, I enjoy spoiling my nieces and nephews with books, and games and trips to water parks and zoos, and I take my friends to hikes when they come visiting. On top of it all, I am saving for my retirement and my overland trip project in 2015.

People often ask themselves, how do you know when you have made it? I didn’t know it then, but that moment when I went to see my course advisor to change my programme from Pre-Pharmacy to Pre-Biology and he exclaimed jokingly, “Everybody who came to see me wants to move up 2, and you want to move down? Well done!”, that was my first step.

What does financial freedom mean to you?

Notes:

  • I didn’t get into the Pre-Medicine programme, so Pre-Pharmacy was the next option. It’s one of the best paid job after medicine! My relatives were saying).
  • Most students who didn’t get to Pre-Medicine programme often try to perform well in their programme and apply to it during the foundation programme.

Contrary To Whatever You Think, You Have A Choice In Your Life

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“He told me how much he hates doing it. I’ve been saying the same thing too. I’ve been saying it for years, and I’m still here.”

“We talked about breaking up. But I think it’s too late now. The wedding is in 3 months.”

Both conversations were real. These words were from people who are dear and near to me. They came with a resigned chuckle, shoulders sagged and eyes staring far ahead – a look I know so well.

There is no mistaking the feeling of resignation and abandonment. Like you have run out of choice. Like it’s always a dead end no matter where you turn. Like you want to jump out of your skin and dash forward, leaving behind whatever madness ruling your life at the moment.

I know. I was there. But then, I asked myself:

“What makes you think you don’t have a choice?”

In every situation, accepting responsibility and accountability to our own lives is always the hardest part.

It’s easier to shift the responsibility of actions to another person next to us. It’s easier to keep crying and cowering in the corner, rather than saying, “today is mine, and I choose to do X, Y, and Z”.

What we don’t realise is staying stuck takes a lot more effort than moving forward.

“No one has to stay stuck. If you are serious, you can change old patterns. You’re a human being – you’re not a tree.” – Andrew Matthews

Worrying and whining is tiring, but standing up and doing something energises us. Crying clogs our heads with dark thoughts, but going out and running clears our mind and actually makes we feel better about ourselves.

The next time you feel like a situation got out of control, and you feel like throwing in the towel. Ask yourself again, “what makes you think you don’t have a choice in this situation?”

If today is too much to bear, make it this hour, this five minutes, this sixty seconds. Own it, and make it yours.

August 2013 Spending Recap

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August-2013-recap-tableAugust is showing a better restraint compared to previous months, as I’m edging towards my preferred spending cap of RM2,500 per month.

My excess spending are nothing to shout for; they are generally caused by the lack of better planning and time, like eating out and taking highways instead of avoiding tolls. I bought a lot more pet food and litter than usual because I have a few more rescue cats at home, and planning is underway to address the addition in my household members.

August-2013-recap

I try to budget for recurring spending, and as there are times when my spending is one-off, I am not showcasing them in my spending recap because it will not reflect my actual spending patterns. Nevertheless, they will be mentioned under “things not budgeted for”, and they will be consequently reviewed at year-end.

Things not budgeted for:

Pets – RM623.00: Boarding bills during the week-long Hari Raya holiday and additional costs of set-up for bringing home another two family of cats.

Gifts – RM380.00: Duit Raya (an equivalent of ang pao for Chinese New Year) for my parents, younger brother and nieces.

Household – RM199.00: A steam mop cleaner – I finally gave in after more than 6 months of continuously working on all four; sweeping, vacuuming and mopping, to clean up after my cats.

Books – RM189.50: I cleared my wish lists from Book Depository. It’s not included in my monthly budget but it will be accounted in my annual expenses.

Personal Care – RM244.15: I topped up my skincare regiments. Similarly as books, it’s accounted in my annual expenses instead of monthly because it’s done every 4-6 months.

It Doesn’t Matter How Slow You Go As Long As You Don’t Stop

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If you ask me 5 years ago, I wouldn’t be able to imagine a PF blogger in me.

Sure, I had a (non-) working budget, I made plans every time I receive my 3-month allowance from my sponsor, I know how much should I set aside for rent and utilities, and I was aware when my balance in the bank hit rock bottom – but I had no notion about money and how it should work for me in the long term.

Retirement, investing and health insurance – who think about these things at 23? (Apparently, some people do).

My journey in personal finance has been slow and oblique. It took me six months or more to recognise buying a mattress is a need and Starbucks coffee is a want (guess which want I opted for, most of the time?), it took me two years to be comfortable with my own budget, and a lot longer than that to be confident with my savings capability (and I have no debt, therefore saying very little of my self-determination).

this-way-forward-4

Nevertheless, as many PF bloggers would concur, personal finance is, if anything,personal.

I recently went on bouts of spending money – both for needs and wants of different measures. I was apprehensive, at first, thinking if I’m indulging myself far too easily, worrying if I’m able to meet my goals in time, with highest possible number.

But I had to stop and give a slap to myself, what are you talking about?!

I find it funny even for someone as diligent as I am, who earns for her own living and who saves for retirement, emergency and other life goals – I’m still tricked into being guilty when it comes to money.

My friend and I were talking recently about turning 30. Our parents are beginning to worry we would get past our “Best Before” dates and remain single forever.

I worried about turning 30 before. But then I thought, what the hell I was thinking? I have another 30-40 years to live – I’m not going to stop living and chasing my dreams just because I turned 30!

Similarly, in the world of personal finance – I could be earning $100,000 or reaching $250,000 net worth if I work a little harder by age 30 – but for what?!What’s wrong with right now, right here? Even when we are in debt, or have only three-figure net worth? Why do we even put our self worth to how much money we are making or how much money we have amassed?

I don’t think it really matters if we make a little error, have some debts, spend some money – we are human – we are not designed to be perfect.

Making it doesn’t mean having it all on a plate at the same time; high net worth, a house with a yard, a brand new car.

Making it may mean paying for that debt today, or bumping that savings tomorrow, or signing ourselves for a health and disability insurance later, or giving it all for a cause we believe in. It’s a work in progress. It doesn’t matter how slow you go as long as you don’t stop…

What Is Your Dream Life?

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“Right now, I have no further aspirations other than finishing my project until 2014″ I said solemnly to my friend.

We were having coffee at one of my favorite joints outside town. I’ve just finished my work, while he was on one of his treasured “mental health day” – both of us taking the rare opportunity to meet outside our work hours.

He was just telling me about his perfect life plans. He plans to get married next year. He is accumulating his project experiences to obtain his professional license in two years. He has already invested in property.

I was overwhelmed by his confidence in his life plans when I blurted out how aimless my life is.

Or, is it?

I know what it means to have plans. I had a 2-, 5, and 10-year plan before I graduated: to get published, to live overseas, to get a Master’s degree, to work in environmental and sustainability policy areas, to rise to a managerial position, etc.

I achieved most of them, and in consequent order – but I’m left with searching for more. Over time, I came to learn a life carefully planned isn’t necessarily a meaningful one.

“Put what, why, and who you love ahead of what, why, and who you don’t, and your roadmap will begin to write itself.” – Umair Haque

I worried if the steps I was taking were going to lead me to where I want to be. I fretted about whether I’m doing things right. I wondered if I’m connecting with the right people. I was scared if I didn’t talk to someone I like today I would lose my chance at happily ever after. It’s tiring.

One day, I thought to myself: sod it. Albert Einstein said “we cannot solve our problems with the same level of thinking that created them“.

I have tried the school handbook to being successful, but I am not exactly happy, am I?

Why not, for once, I let go and stop planning?

I came to a realisation that perhaps I don’t really want to do my PhD, after all. I thought with a shudder about committing my hard-earned savings on a new car which I don’t really care about.

Instead of planning to move for a more stable job, I plan for my overland trip instead.

Last weekend I went on a hike up north, going through six river crossings before reaching the top waterfalls with two of my good friends. I came home to receive a new family of cats rescued from a nearby factory, and spending the rest of the weekend setting up the place for them and familiarising them with my cats.

By the end of it, I was exhausted. But I felt good. I felt at peace, like I’m at the right place.

What is you dream life?

Saving Money on Books

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How much do you spend on books every year?

I don’t really have a budget for books. I am roughly guided by the allowance for personal tax relief for book purchase of RM1,000 per year, which I believe is a sensible amount.

So far, my spending on Books (RM690.33) comes third after Pets (RM1,913.20) and Travel (RM1,034.55), while leading ahead of Personal Care (RM499.34), Clothing (RM283.00) and Entertainment (RM200.60).

Thankfully, as much as I love books, I am a slow reader and tend to read books I love repeatedly over the years.

I don’t usually shop for books like there’s no tomorrow. Even though there are times when I go into a bookstore and start piling paperbacks ferociously – I tend to ration myself and put them back again (it’s a great exercise for self-restraint!).

Growing up, my parents took my brothers and I to the bookstore every school holiday, and each of us getting ourselves 2-3 books to last us until the next trip – I believe the experience rubbed off on me in a good way.

Over time, I also have found different ways to make my money stretch further when it comes to book shopping:

#1 Use CIMB Credit Card at MPH*

I didn’t realise it until after I had applied for the CIMB Petronas Mastercard. Basically, for every RM50 spent on books, you will get RM5 voucher – that’s 10% rebate!.

Since MPH Bookstores is one of the most prominent bookstores in Malaysia, there is a good chance 3 out of 4 shopping trips I make is at MPH, so why not save money while at it?

#2 Big Bad Wolf Book Sale*

End-of-year sale when I can camp 24/7 and buy new books at 1/4 of its actual price. Range of titles may be limited, but it’s a good time to stock on those chick-lit paperbacks I’ve been dying to read but not willing to pay the full price for.

#3 Book Depository

Realistically, spending money on books in Malaysia doesn’t stretch as far as you would in the UK or the US. While paperbacks may cost you mere $9.90 in the US, it’s RM42.90 in Malaysia.

Nevertheless, I was content to pay the full amount for what they are worth. Of late, I have taken to ordering books online from MPH (free delivery) or Kinokuniya (RM8.00 delivery charge) to save on time and commuting, until my friend recommended Book Depository, an online UK bookstore offering free shipping worldwide.

Not only that, their price are also 5-10% off the recommended retail price. Deciding to give it a try, I ordered the same books I had sitting in the cart of my Kinokuniya account, and end up with more than RM60.00 in savings. Score!

 What are your money-saving tricks when it comes to spending for your hobby (although I may contend reading is not exactly a hobby, but a need and a basic human right…)?

The Evolution Of House Hunting

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9101087077-300x180I went to look at a house yesterday. It’s a new, cozy 1-storey terrace house with its own porch, about the same size of my current apartment (1100 sq. ft).

Why am I looking to rent a new place? Haven’t I just upgraded my lease last May to rent the entire apartment to myself?

Shortly after I looked at the house, I spoke to my friend – and we discussed how interesting it is that our needs and priorities for a house change as we grow older. Is this a case of lifestyle inflation?  

3 years ago…

My priority was an area with lots of greens – I don’t like living in a concrete complex – and one where I can run around the area. I also didn’t mind living with other people. I just wanted to have a place to go back to after work and re-orient myself – I was used to living with housemates and I have no problems zoning out and be on my own.

I rented a room at $250/month  in an apartment complex of quiet family neighbourhood. It’s quite a distance away from my office (25km), but as I was using the highway it’s only about 30 minutes commute. Since I also didn’t have any commitments, I was not rushed for time. I was able to run every morning and weekends and prepare to go to work in time.

2 years ago…

As my responsibilities grow at work, I look for convenience to my workplace. Additionally, since I started working in Kuala Lumpur my family visit became more and more often – and it’s apparent that having the space and privacy to entertain them is important. As I had to move out anyway from my first house because my housemate got married, I looked for an apartment nearer to office (10km), and managed to get a master bedroom with en suite bathroom as well as private parking for $400/month.

After a few months, I took up the smallest room in the house when it’s clear no one is going to move in and my rent increased to $650/month. Over time, my family had come visiting countless times – my parents, brothers, nieces and even my friends – I am glad to have a place for them.

Now…

I never had any plans of adopting cats (it was only a distant dream for when I have a house in the woods), but on New Year’s eve I’m left with a family of four cats and now I know I cannot imagine a life without them.

As they grow, I know I cannot compromise any spaces for them (it’s important for them to be able to roam freely in the house) – so when my housemate moved out from the middle room I immediately let my landlord knows that I want to rent the entire apartment. I’m now renting at $950/month.

Lately I have been thinking how nice it is to have a small parcel of land as an outdoor space for my cats.

My eldest cat (the mother) was an outdoor cat before she was adopted and she tends to get restless if left indoor for a while. Now she comes out with me everyday when I go to work and waits for me to come home in the evening. Since my apartment is a gated compound and she was an outdoor cat, I was quite convinced that she would be able to look after herself (she never venture out on the streets, just relaxing around in the middle yard and smelling the grass – even my neighbours and their kids have taken a fancy to her lately).

Now the two boys are also showing tendencies to go out, and it’s not helping that their mother is enticing them as well (she would walk halfway out the door and call the kids or attempt to play hide and seek with them behind the door from outside).

Which is why I’m contemplating moving to a landed terrace house. However, a lot of factors come into play in my decision – my travel plans, having to buy new furniture and appliances (my current apartment comes fully furnished), and safety (gated apartment is considerably safer for someone who lives alone compared to terrace house).

What do you think are factors I need to consider when renting a home on my own, with four cats in tow?