Ok here's my comments:

1) Haven't filed your annual taxes or filed it in good faith to LHDN.

2) You forgot one important asset. The value of your company.

3) If you just move funds to and from company account to personal account, as you need, without accountability tracking, it's bad for company books, and shows lack of financial management at the company level.

4) Great investment portfolio. KWSP savings is low based on annual income at early 40's, meaning pretty low self declared monthly salary all this time.

I'm also a business man in my 30's, with my own Sdn Bhd, and our financial management principals for our companies differ significantly. Company generates net profit of RM1.7-2+ mil each year and annual turnover of Rm 8-10mil. I know exactly how much my company cash balances and personal balances are thanks to bank statements and financial software!

This post has been edited by GeekinE90: Sep 21 2009, 10:13 PM

I'm in that age range, and if you minus the folks who are still somewhat dependent/supported by their parents (yes there are many late 30's folks still dependent on their rich daddys and mommys), the regular guy who supports his family and his parents/in-laws financialy, are no where close to some of the numbers being posted here.

What I always find amusing, is guys in that age range who have friends who know them all their lives, can guess how much he has or has not. However, some with the rich mommys and daddys will try to project that they have made it on their own and most of their peers/friends won't say anything in their face, but we all know its not true. This is the amusing part. They are typically without a real job, dabblling in small business here and there, and rarely have a lot of cash to buy big things on their own. Buying a new car always involves some "conversations" with their mom and dads. Houses are never bought by them but given. Asset wise, they will boast of the offices, condos, houses, factories, land etc which their parents bought or bought for them as their own purchases.

Over here we are all behind nicknames and no one knows you in real life. Some fantasies are lived out in this tread while I am sure there is also the common trend of boasting about parents wealth as their own. A good amusing read

This post has been edited by GeekinE90: Oct 16 2010, 02:24 PM