alo - in that scenario, $ is the least of your worries neh.
Even water, soap, powdered milk + dry oats/rice is worth several carts of gold / cash then.
Heck, parangs, crossbows & guns will be worth even more

So.. how come fail the calculation? Means your savings not enough lor.....

1 Starbucks grande latte (RM 12? forgot ) x 30 days = RM 360 per month

Lets say you invest your 'latte' money at 5% profit, every month add RM 360, within 10 years = RM 63,249... can buy new car liao..

U mean other ppl pay for u right
I also never frequent it la.. unless when yum cha wif frens and they wanna go

whole life I only drank Sitabark kopi 2 times, 2 times also ppl pay. If u ask me go yamcha at Sitabark and ask me pay myself u gonna see a very black face

Wat if he spend more than u and in the end process also save more than u?? SUper jelly to da max

its all relative

he work like a dog earn 10K save 1K

i work easy earn 5K save 1K

my "profit margin" is way better

Its because at the moment, I am peak at my primary income . Well, maybe close to the peak .. probable could go higher.

And I started to work much later in my life ( Age > 24 yr old) due to studies. And 1 yr unemployed

Also, start family young , married at age 25 , and have 2 kids > eat up all my income during earlier part of my working life...(Sole income earner for the household)

With my kids growing up .. spend much much more lagi , but my income growth out pace my expenditure by a great margin. Hence.. if u use the PRESENT income > fail with flying colour !

This post has been edited by Halamdar: Apr 8 2013, 05:10 PM

Hi Pink Spider,

next target rm3k saving with rm5k salary ?

Negative. 5K salary save 1K + 1K passive income from dividends better

P.S. - at current level, RM100 a month dividend already hoseh

You can one. As anybody also can if they understand the money spend on unnecessay or save for future.

Nah inspiration for you, 30+ year old, super duper kiam siap accountant..

Passive income (from dividend) = SGD 120k ++ per year...

http://singaporeanstocksinvestor.blogspot....ome-from-s.html

This thread is a bit show off .

But since I am an anonymity, I would like share my information .

Age: 30 (Single)
Monthly Income: RM5,500 (Gross EPF & Tax)
Monthly Estimated Expenses: RM4,000
Expected Yearly Bonus: RM11,000 (about 2-month year end bonus of which I have been rewarded in the past year)
Expected Yearly Dividend Income: RM4,000 (2% dividend yield of the shares portfolio of which I have been receiving in the past years) <-- this should be RM10,000, forget to count in the 2% DY on the RM300,000 shares bought through share margin
Expected Yearly Savings: RM30,000 <-- should be RM24,000, with additional 2% DY on the RM300,000 shares bought through share margin, forget to build in the share margin interest

EPF: RM60,000

Assets:
Unit Trust: RM2,500
Shares: RM500,000
House: RM100,000 (the house is fully paid and its market price is estimated to be RM200,000, shared 50% with my brother)
Land: RM300,000 (market price)
Total Assets = RM902,500

Liabilities:
Car Mortgage: RM41,000 (another 48-month installments)
Share Margin Facilities: RM300,000
Total Liabilities = RM341,000

Net Assets = RM561,500

This post has been edited by noprogambler: Apr 8 2013, 04:16 PM

hi noprogambler,

Mind to share how you achieve rm500k stock.

This post has been edited by felixmask: Apr 8 2013, 04:05 PM

Look at my liabilities portion that the share margin facilities of RM300,000, which is 60% of my share portfolio. Haha .

But net assets of 500K...

u are my idol~

Basically mine almost everything similar to yours, except I got no land and house.

This post has been edited by Pink Spider: Apr 8 2013, 04:44 PM

Frankly speaking , for those who work earn 5K save 1K, they treasure their savings more.

For those who earn a lot and spend even more, and thinking their incomes would consistently going up in the future , sometimes may not turn out to be always true .

The good old days may not come back.

A bit luck on buying the land so cheap at a cost of RM50,000 few years back, but that also due to myself on saving enough capital to grasp the opportunity.

For the share portfolio portion, so lucky I am able to pick few super-profitable stocks since I started to invest in shares at age 21, that is how my RM200,000 share investment derived from .

Agreed .

You forgot to add your car value as an asset. However, the value should be amortized, unless your car has current value of zero.

All local shares?