Its not about how much you earn but how much are your liabilities. You can earn RM20K per month but if ure paying out RM15K during the same period then u wont have much left to enjoy a decent life.

By the way, earning 8K+ wont really allow you to lead a comfy life unless you do not intend to own a property.

I remember my dad once told me when we were smoking together outside the house

"Son, you are on your own now. Your dad don't have any money to support you and don't have anything to give u. If you want something, earn it. As long as don't do anything illegal"

Oh well. I'm working hard working hard....

Saving 25% of your salary is not good at all. Everybody should target to save at least 40% with the current rising rates of inflation. Your 25% savings today might only be worth 10% in 10 years. So maintaining at least a 40% savings target now will provide the neccessary buffer against inflation.

For your info, im saving approx 55% of my salary every month and that is after taking into account the housing loans, insurance, bills and living expenses.

I was earning RM 1,500 (have not deduct EPF and SOSCO) per month when I was employed. I can't save any.

Kancil = RM 309
Petrol = RM 150~200
Apartment Rental = RM 400

The rest goes to my food per day.

Have not counted in my bills, entertainment etc.

I'm living alone, that why I can't save on transportation and accommodation. Lucky to have small business to support my lifestyle.

Needed at least RM 2,000~2,500 per month to break even. 

Hi all,
I've been working for 6 months and I am able to save around 1k per month.
Am I getting on the right track, and which way is the best way to start investing with 10k?? ASB? Starting a small business?
Thank you!!

2.8k.

Actually I was tempted to start a tuition business partnering my friend, but with 5k, chances seem slim.

Yes, the whole. A few years ago in KK. 

Wow, giving parents 750 when your salary is 3500. such a good son/daughter. May god bless you 

Worked for 2.5 years already. Just checked on my $$$ health:

Plain cash - 5.5k + 50 ringgit right nao in wallet
FD (emergency fund) - 20k+
Stocks - 53k + 35k(float)
EPF - 60k

Debt- PTPTN - 24k

*Sigh... house still dun have and car is pariah.

Please advise how to go on from here:
-Apartment for own stay im looking at 400k + 100k (reno and all). Haven't start saving for it yet.
-Looking at 90k car, car right nao is pariah but usable.
-Have invest 5k in startup brick and mortar/online business. Hope this can grow big.
-Hope to grow stocks big big also.

If people willng to mentor me for for either of the 4 key points, I be glad to become mentee. Especially the last two points.

Yup. If you have any advise on any of the four points of mine, I'm happy to learn.

Age: 27
Occupation: sales
Salary: RM 3.8k
Marital Status: Not Married and no gf

Assets:
EPF: around 20k
Stock: around 10k
BTC: around 2k
bank bal : around 70k
ewallet: around 3k
car: RM10k
property 1: 100k
property 2: 200k
property 3: 600k

Liability:
Study loan: RM 25k
prop 1: around 95k
Prop 2: around 145k
prop 3: around 320k

Graduated in June 2018; work as sales for 3 yr ++

Lessons learnt:
1) lose quite alot in stock market, get hand burnt in glove stock n warrants
2) getting a cheap car can save alot of money.
3) keep looking for cheap cheap property and continue buying n convert to rental collection.

looking for diversify more in other financial instrument/ any other biz to gain more passive income. any advice ya?

have side income and rental income mah.