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 How much is your net worth?, gauging your financial performance.

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EddyHyip
post Jan 11 2011, 06:40 PM

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Joined: May 2007
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Age: 26
Salary:
Field: Oil and Gas
Net worth: Confidential
Location: Malaysia

Would like a general feedback... is it healthy to keep only 10k in FD as contigency and 5k cash on saving/current account.

I did not see much value in keeping too much money in FD and savings and I would prefer to convert my money to much valueable asset.
Tho' it means higher risk...

Do you feel that I lack the liquidity or doing just fine?
Current liability.. only 2 cars- 1 for rental and 1 personal use.
EddyHyip
post Jan 15 2011, 09:44 AM

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assets covers property and some company funds/shares.
planning to get 1 more car to rent out
EddyHyip
post Apr 23 2011, 12:30 PM

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361 posts

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i worked for almost 2 years now.
most of my money is placed in FD... around 10+k.
bought 1 kancil to rent to people and i am driving another national car.
finished paying for both car independently (both second hand la)
got 2k worth of share but not performing.. just to try out and collect dividends.

any suggestion on how i could improve financially? Seems that both my car is worth 40k but cash wise..i'm not performing.

minus the epf la... that's for my retirement tho long way to go..
EddyHyip
post May 8 2011, 10:49 PM

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How do u all manage to accumulate so much? I only managed to save 3-4k monthly average...
EddyHyip
post Jun 18 2011, 02:34 PM

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QUOTE(rzkb @ Jun 6 2011, 09:14 AM)
I really appreciate any input and feedback..what should i do to achieve financial and time freedom, i hate to work for other people, and plan to relax or do business by 35 birthday.

Age: 26
Occupation: oil and gas ( 1 year and half)
Marital Status: single with gf.
Asset(s):

House

House 1 - rm 400k (outstanding loan: RM 273k at BLR-2.4% 40 year loan, (monthly installment: rm 1120)
House 2 - RM 230k ( oustanding around 230k, complete by 2013, now paying progressive. blr-2.3% for 30 years)(monthly installment: rm 1101)
House 3 - rm 340k ( Oustanding loan: 237k, monthly installment rm 1010 for 40 years at blr-2.3)

Car (Malaysia)- market value 45k: fully paid
epf: around 10k or less.

Salary: rm 4500 monthly gross

Capital investment:

Precious metal trading/high yield investment (Around 30% per annum: RM200k( capital)
ASB (8.5%/annum): RM 260k( capital)
Investment income:

Rental income: rm 1300 gross/month
Investment income from precious metal trading/stocks/: approx rm 5.5k/month

Liquid Asset/Cash:

Savings/cash: RM 4k
Insurance:
Life and other:  rm 1800 a year(not sure what it covers, since been bought by parent since young and now i just continue the pay)

misc:
future inheritance: approx rm 4 million ( 60% property: 40% cash/unit trust)
Liabilities:
Cred card: rm 9k
Housing loan: all 3 house (approx : 3.4k monthly once 2 of the houses complete construction)
gf: rm 700/month
Dad: rm 2000 monthly payback to him because i borrow around 200k interest free cash loan
personal loan: rm923/month for another 10 months

expenditure: around 5k more or less (food, fuel, toll,, entertainment
thx
*
How did you managed to buy until 3 properties?? Are you buying where you are working/ staying?
I am having trouble looking for property to invest due to my work mobility... sad.gif

EddyHyip
post Sep 12 2013, 07:17 PM

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nice.. i wonder if i will reach 450k pa when i hit 40.

 

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