haha... not bad but it comes with great responsibilities...
in free time i must help my dad with family business...

but ur savings from rm5000 to rm80000 in 4 yrs time..

yeah, i think when u started working without having any liabilities, the savings will increase very much since u have more capital to invest and u dun hav to support anyone than urself... sure can get like dat 1....

does the 80k includes those invested in unit trust or fund?

Hi peeps,

Am not sure if we really want to start a new topic here - there's oredi an existing old old old thread - I'll leave it to b00n to decide if we should merge the thread or just leave this one

icic...no commitment eh...

engineer gets high pays...

Age: 22
Total capital: Fluactuating around 65k because of the inconsistent market shares price
Job: Student (2nd year business student)
Field: accounting and finance
Monthly Allowance: RM800
Part time: asistant accountant
Investments: 40% government bond, 10%islamic banking, 50%shares(Definately not FD because the FD rate is much lower than inflation rate)
Liabilities: None
Properties Owned: None
Vehicles Owned: hyundai elantra(from parents)
Planned ways to maximise weath: share market and business

I tot there is another similar thread existed

This post has been edited by leyley: Jan 15 2010, 09:52 PM

That depended alot on my part time and investments.
I loaned my savings to friends with interest.

---

Added on January 15, 2010, 11:29 pmThe thread was dead without response.
And the thread i started is more on survey on current financial savings.

---

Added on January 15, 2010, 11:31 pmWao..looks like >100k savings is leading...mind to share ur experiences and ways on saving and maximizing?

---

Added on January 15, 2010, 11:34 pmFrankly speaking, i normally only manage to save around RM1500 from my fixed income.
Most of the savings came from part time jobs and investments.
And partly was due to my current position working overseas.

This post has been edited by stupidbump: Jan 15 2010, 11:34 PM

@stupidbump,
This is going to be another one of those "show-off" threads in time to come; perhaps U should revive that thread and we just migrate all these posts there.

As long as it's relevant, I think people don't mind *smiles*

What's more interesting is guessing how much other people are worth

@wodenus,
Lol. In that case, everyone's prob worth more than me. My mom's always telling me I'm worthless!

Dude, work for a few years even with low salary can get 100K plus.. EPF considered net worth.

worthless ... as in priceless.

I think considering you very high earnings, your assets seem little for 40+ working and earning 500K pa, your EPF also seems too little.

You mentioned online selling for part time business. May I know what you sell online? How's the return like doing online business? You worked 2.5 years and you saved 80k, that's an achievement.

It seems there is a lot of High net worth people here. Not bad. It is a good sign. Lowyat breeds alot of high net worth people.

wow i have the same plan as u ! haha... but i'm juz 17 so i cant do much ... haha... i nid to wait for 8 years more 4 years study in aus and 4 years working for others... this is wat my dad told me to do so... sigh~ have to wait so long ... i wan to do construction business ... i hope it is worth the wait since every expenses is on my dad haha... but i donno by tat time i have enuff time to achieve my goal or not ... :[

I think some ppl who have posted their net worth here arent telling the truth. Its silly to see someone who earns so high and yet believes in putting tonnes of money in FD. For what? Plus some have so much money sitting in FD so why bother taking a car loan? U get about 3.5% in FD and then take a loan and pay 3.5% to the bank. Does this make sense???

Some say they earn 500K per annum but then keep almost 300K in gov bonds and FD but only has 1 house as asset? Anybody who knows investment well enuf will know that u should invest in property especially in prime areas e.g Damansara, TTDI, Bangsar, etc. Plus you have 2 Japanese cars with an outstanding loan of 40K for the next 3 yrs. U earn 41,600 per month so u can easily pay off the loan with about 1.5 months salary and save a little on the interest rite? So why dont you? He has a 700K house whcih is fully paid up but he decides to keep a 40K 3 year loan active despite his RM41K/mth salary???

On top of that, he claims he pays 40K premium for 4 members of his family. A person earning 41K/mth can only afford to pay RM 833/mth/pax for insurance? Most insurances now have the investment tagged to it so the more premiums you pay the more its invested for you and yet this guy only pays RM833/mth/pax?? But ke keeps RM110K in FD with rubbish rates?

I think this is all bullshit. Common guys. If u wanna share then tell the truth la. Why need to boast and increase figures just to prove what? Ure only using a nick name here. Nobody knows you. So just tell the truth.

Anyway the following rough figures are mine. Nothing great but im working on it.

Age: 32
Job: Engineer
Married with no kids
Income: RM168,000 / annum

ASB: RM 255,000
EPF: RM121,000
Gold: RM 60,000
Cash in hand: RM22,000

Property (prime area) purchased at 475K in 2009 but worth 680K now (based on recent transactions)
15 year housing loan to finish in 14 years or earlier if i choose to.

Japanese car worth 45K now but loan paid off in full.

Currently paying insurance premium of RM 1100 / mth