Not rich. But enough to survive. there's no 'we'. Its only you.

Actually what's wrong with taking in 14k a month and driving a 45k car? I take home more than him, and my father's 40 year old car, which i drive daily to work, is worth less than 1k (quotation from used car saleman). Since my work place is less than 5 mins from my house, and the car is still working, i see no point in spending extra for a new car.

Good luck in the working world, my young friend. The working world is never what you think it is, your big words and as you said it : talking too much, will haunt you when the going gets tough. However, you might get it easier if you joined your father's company.

Thank you, Edyek. You always have the very right to say that you are a self-made man. But, it's certainly harder to do it this way. I admire your courage, persistence and finally your method of achieving success.

Hansel,

I think you have just insulted Edyek.  I do not believe that he would say that he is a self-made man.  Behind every successful person is a lot of helps along the way by many people.  Nobody is self made.  To say that is to be UNGRATEFUL to all those helps that a person received along the way.

In this case, Edyek got his start with KEY SUPPORT from his mentor at the RIGHT time.

Dreamer

What business are your parents into mate? How old are you now friend? 40+ ??

The path you mentioned is known as "white hand rise house" bai shou qi jia aka in english... with empty hand, you rise your house

I did the opposite as you friend.... I left my career in MNC and give up professional career as Professional Engineer and go back to help my parents in their business and be a family man now. And looking back, some said I am foolish. But hey... no regret man... I have my own company, staeady income, ample of time spend with my wife and my little princess....

Ahaha..... its in your blood.... I took mech eng. During my join class with civil eng, I can tell you, 80% of the students` parents are eigher contractors, developer, or consultants
So, you start your career after nott?

So, you didnt finish tertiary education?
Want to back? try disclose your net worth

I believe people tend to create their value or create another new ID to post their actual net worth

Folks,

I am a 60/40 person.. 60% stock and 40% bond person.

For those people interested in my holdings:

...........................

Dreamer

5000 acre  , you must be freaking rich.

edyek,

This is a TOTALLY PASSIVE approach.  I just do not have time to be actively managing my investment.  I focused my time and effort on my job and family.

It is NOT necessary better or worse than what you are doing.  It is just a different way.

If I have more time, I probably join my family on investing in Palm Oil plantation.  They started a SDN BHD to do this.

Dreamer

P.S.: This is also a portfolio designed for retirement income.  Hopefully, in a few years, I can retired and start traveling around.  Then, I do not have time to be actively managing anything either.

1)
P/S I worked for my own company. All my expenses, car installments, housing installments are paid by "company"
that is a big wow

2)
Just visited a land broker just now(afternoon) went to see a piece of land that was deem a "great deal"

it is a 20 minutes from main road to the very rural area..... 10' road with great slope... then we reach it.... it was a hill... full of palm oil.....

7 acre for 800k

edyek.. interested ??

3)
friend, my business partner just purchased a piece of land in cat state. 1mill for 50 acre. Is that cheap there?

P/S I suppose you and I only disclose personal net worth, but not commercial net worth

your company`s net worth laa

any comments are welcomed. more urgent msgs, please PM me instead as i dont check back often

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.

How come sooo many high networth ppl around lyn??? Sumore dunno bout private bankers or wealth mgmt???
I never heard of businessmen with lotsa epf nor 20+ yrs old with lotsa epf???  

I think bankers will contact u personally (like visit u in your office/ home)to offer wealth mgmt services if u have RM500k in your account or draw salary of RM50k per month

CEO or GM within 3 years!!!    Like I said, if really CEO or GM means got steady & fixed income in bank account. The private banking or gold-club or priority banking department would have been red-flagged and some1 would have contacted him.

Put it this way, I earn bout 15% to 20% what he is allerge to pull in and I have been invited.

If u pull in RM350k per yr it is really difficult to give it up (assuming you r a salaryman).

Unless u have an alternate income source i.e. business or passive income, most ppl will continue until 'forced out'. In fact most will retire at 55 yo and then come back under contract coz the money is too good 

The other guy with a business (126126) generating RM700k profit and thinkin of retirement at 35 yo If u have a business what retirement u talking bout? Sell out/ cash out?  U feel money taste bland oredi-ah? 

BTW RM700k profit @ 35 yo wow!!! U r doing better then some public listed company infact I would not be suprise that u r nominated to be young entrepreneur of the year. Waitaminute u r one of the top developer's children interviewed by the Edge recently    Hopefully u were not the stupid sounding 1 

Actually earning 700K per annum is consider Ok in Malaysia.

My ex-roommate during University time which is an IT geek currently earning RM1-2 million per month. Currently, he owned 11 properties which is some located at NZ & Australia; also he owned 7 cars  ie: BMW X6, Lambo Murci, Porsche Panamera, Hummer H3 etc. He is only 29 years old this year.

Too Bad, he is in illegal business so currently he is busy entertaining all the "Declaration" Letter from LHDN, Bank Negara & recently Kementerian Hal-Ehwal Dalam Negeri also want to belanja him drink coffee at their Putrajaya office.

It's ok for me if I earn half of that a year 

heh... I was just browsing Groupsmore and says.com few hours ago. The two guys who started the site are only at their mid 20s, amazing.

I just got my site running early this year... a long way to go. I have 2-3 more projects coming on though. So I'll be busy

In East Malaysia, swiftlet farming actually can produce quite alot. In my area there are like 2-3 folks operate their Bird House for 8-9years and currently producing 8-10kg bird nests monthly. Might be more than that depend on season too. 10kg x RM4500 = Rm45 000. Sadly mine is not that much    .Property master like you sure can earn more than 1 mil p.a 

Private banker is a very loosely coined term. Most only offer basic UT or some DCI. I just want to know what else is out there.

My ex-roommate create the betting website for a bookie group in Cambodia. He only take 2% loyalty from the total bet in the website.

I prefer not to let my friend take care of me as u don't want get interview from Bank Negara to declare my source of fund.

Land is something i m looking into at the moment. This game is for very sophisticated invesntor with cash to burn. Unfortunately am not qualified as i didnt have nor will i have any inheritance money to play with, whcih is why my portfolio is mainly tangible real property where i can leverage with Bank borrowings.

But one thing i learn about land banking is you have to be patient. You hear a lot of ppl making tons of money from it, but there are equally as many (if not more) ppl who are still suffering from their cash being stuck in a piece of place which does not look like its gonna go anywhere soon..

Which is why the only land i m looking at are those where dev sells plot for bungalow plots.

As the land bank expert, care to share if you have any comments, esp for land around the klang valley?