Formula 1: Failed badly... only been working for nearing 2 years and the amount surpasses my total combined earnings so far
Formula 2: Failed again... see above
Formula 3: Passed with flying colors (+100%)
Formula 4: Returns me with negative values. Guess my age is too low to apply this formula.

*not inclusive of EPF

This post has been edited by Hevrn: Apr 7 2013, 12:26 AM

Applies for those 25 and above.

Keen to know how I stack here. I feel pretty good about my position, but would like to hear from the experts here.

33 yrs old, married with a 2 year old at home. Expecting no.2 at the end of the year.

Assets
Cash at hand/ bank: RM24k+
FD: RM112k
FX: RM4k (mainly spare notes from travels)
Property: RM400k MV (shared equally with spouse)
Car: 3+ yr old with MV of around ~RM50k (RM800 monthly for another 3+ yrs)
Unit Trusts: RM90k
Bonds: RM7.5k (just got started on this)
Equity: RM1k (divested alot due to nature of job making it difficult to trade actively)
PRS: RM23.5k
SSPN: RM8k (started this year)
EPF: Around RM240k from 10 years of work (I dont count this as my asset as its something I dont wanna touch till I retire)

Liabilities
Credit cards: Nil (good paymaster)
Property above: Remaining RM300k outstanding

Average spend as a family man with a widowed parent is around RM5k/ monthly.

This post has been edited by Hevrn: Sep 20 2021, 01:28 PM

Saving about 25-30% monthly now, depending on whether any obligations come up. Hoping to still save about the same, given growth in income.

I'm spending about RM6k annually on my life and medical insurance. Another RM3k+ on the kid's.

Over insuring I know but medical costs are rising and I dont wish to be a burden to those who need to support me in the event shit hits the fan.