Sep 13 2013, 05:13 PM
QUOTE(motherlover @ Sep 13 2013, 03:18 PM)
Taiko-taikos, any advice?
Let said your earning rm6k - 8k, profit...i believe you have deduct everything is your net income.Mortgage Loan is rm2.2k. is long term liability you wont settle in short term except you got big project settle all your debts.
What you have rm6k - rm2.2k = rm3.8k
Is your mortage is Full Flexi/Semi Flexi mortgage ? You can pay more toward and also flexi able withdraw when you needed.
Allocate paying more to mortgage of rm1k. You able to reduce the paying term of 10 year, when you don't withdraw.
Since your income based on business, i prefer reserve more cash in flexi loan for contingency of business unexpected. You save extra interest.
Leaving you rm2.8k. after deduct/Minus Mortgage + Extra of mortgage buffer.
May think to use rm1.8k either for UT, Stock diversify your egg, rather allocated in single basket.
How to allocated depend how many investment/saving your like 50%UT - 50%Stock / 60%UT - 40% stock / 40%UT - 40%stock -20%FD.
I never treat FD as investment, but as temporarily to use when there opportunity when there is Financial Correction aka crisis.
About investment maybe variable to each individual either UT or stock have high risk/opportunity growth or low risk/stable income.
If want exact to invest, then you need to study each investment which have cons and pro that meet your personality or profile.
Leaving your rm1k..for you to spend with i believe is sufficient. Without gadget, gf, beer time..you can save much more.
Hope you don't mind deduct the saving/ asset/liability first leaving you the amount is your real expenses/surviving for own self.
It juz suggestion of different ppl, may not the same with other or agree by own self.
By the way, even i older few year..my asset & income not as more of you.
Becoz i juz a slave worker..never take a big hat to wear...becoz my head very small to think.
This post has been edited by felixmask: Sep 13 2013, 05:17 PM
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