Age: 24

Assets: 35k(shares)
Motorbike: 1k

Liability: None

I have worked since 21 yrs old. My first salary is RM500.
My average cost of living is RM500/mth. I don't live with my parents.
I don't contribute money to parents since they are well enough.
I have lost money in stock market about 65% of my portfolio because right issue thingy in bad companies.
I was inspired by WB.
Stocks, my gain from last 4 mths I invested in IDX. Comprise by BJTM. My first capital is about RM3k.
How about you bro?

is this sarcasm? because you're 30yrs old and already settled. You should have much much money than me.

Got 6 figure or not...?

To see if you have the required networth for your age use the following formula ...
Thomas J. Stanley's and William D. Danko's expected net worth formulas

    Formula 1: Expected net worth = age x 0.1 x gross income.
    Formula 2: Expected net worth = age x 0.112 x gross income.

Marotta Asset Management's expected net worth formulas

    Formula 3: Expected net worth = (adult years / 240 + 0.1) x adult years x gross income; where "adult years" = age - 20.
    Formula 4: Expected net worth = [(age / 166) - 0.15] x age x gross income.
Gross income is before tax per year.

You all can calculate if you all pass or fail....

Report here. 

I think it means you are average. Somehow I see that formula 3 and 4 very high, not sure why. Btw, when you calculate, do you include your "unknown" bonuses, or just the contractual? Cause it will makes a whole lot of difference if I do so compare if I don't

Networth includes assets but minus liabilities.

Example house worth 500k but loan 400k, then networth is 100k. Networth is all fixed assets and liquid assets minus all loans and liabilities.

Formula 1 and 2 is the highest, the bottom 2 is for younger people below age 25.

If you dcore below 1 then means you do not have enough savings and assets and need to add more

I think it means you are average. Somehow I see that formula 3 and 4 very high, not sure why. Btw, when you calculate, do you include your "unknown" bonuses, or just the contractual? Cause it will makes a whole lot of difference if I do so compare if I don't

The score required will move up as you age, by the time 10 years come, you will need a much bigger figure.

Have you included your EPF & house value (minus loans) ? If included then you might need to rework your budget a bit...

I am surprised a lot of wealthy people around can score 5x on formula 1 here...

its all relative

he work like a dog earn 10K save 1K

i work easy earn 5K save 1K

my "profit margin" is way better

Negative. 5K salary save 1K + 1K passive income from dividends better

P.S. - at current level, RM100 a month dividend already hoseh

This thread is a bit show off .

But since I am an anonymity, I would like share my information .

Age: 30 (Single)
Monthly Income: RM5,500 (Gross EPF & Tax)
Monthly Estimated Expenses: RM4,000
Expected Yearly Bonus: RM11,000 (about 2-month year end bonus of which I have been rewarded in the past year)
Expected Yearly Dividend Income: RM4,000 (2% dividend yield of the shares portfolio of which I have been receiving in the past years)
Expected Yearly Savings: RM30,000

EPF: RM60,000

Assets:
Unit Trust: RM2,500
Shares: RM500,000
House: RM100,000 (the house is fully paid and its market price is estimated to be RM200,000, shared 50% with my brother)
Land: RM300,000 (market price)
Total Assets = RM902,500

Liabilities:
Car Mortgage: RM41,000 (another 48-month installments)
Share Margin Facilities: RM300,000
Total Liabilities = RM341,000

Net Assets = RM561,500

Have you heard of margin calls? If not better learn up.

If later margin calls, you have no physical cash to back up, the IB will fire sale all your shares at very unfavorable price.

With very short notices, so u need lot of stand by Od or cash to cover them.

If not shares lelong liao.

No share margin call you have to back up with cash.. cannot use your land or house. You can however mortgage your house and get cash to back up the margin call, but usually you do not have the time. Usually broker will call you and ask you to inject money (cash) into your account right away or fire sale.

Margin calls is when your shares drop a certain % from your marginable (pledged) securities... playing with margin is a great way to earn with free money during an upcycle, but during market crash, your margin calls will kill you faster than a speeding bullet and wipe out all your holdings.

Just check my EPF and also liquidate the position in share margin to take profit and repay the share margin yesterday, so this is my update:

Monthly Income: RM5,500 (Gross EPF & Tax)
Monthly Estimated Expenses: RM5,000
Expected Yearly Bonus: RM11,000 (about 2-month year end bonus of which I have been rewarded in the past year)
Expected Yearly Dividend Income: RM10,000
Expected Yearly Savings: RM24,000

EPF: RM70,000

Assets:
Unit Trust: RM2,500
Shares: RM200,000
Cash: RM7,000
House: RM100,000 (the house is fully paid and its market price is estimated to be RM200,000, shared 50% with my brother)
Land: RM300,000 (market price)
Total Assets = RM609,500

Liabilities:
Car Mortgage: RM41,000 (another 48-month installments)
Total Liabilities = RM41,000

Net Assets = RM568,500

I pledged my RM200,000 shares portfolio to get the share margin of RM300,000. Now I am holding the RM300,000 facilities open ready for any opportunity in post-election.

By the way, I plan to buy a house for my own stay near my work station (I am currently working in KL and staying at PJ) after clearing the car mortgage 4 years later. Too bad that my salary increment would not be a lot because I am working in a NGO, hopefully with the return from share investment, what I can save plus EPF in the next 4 years and can outpace the price appreciation in property.

But u do not have a Plan B. i.e having enough liquid  assets such as a house with some standby loans.

Land is worst illiquid asset, can see and cannot touch, as far as your share margin  is concerned.

U do hope Jib gor to give you some free cows  to milk

Well there are red cheap China stocks listed in Malaysia , PE of 3 +- many.

U dare to buy 

Cannot say like that lor , U could be the next Billionaire in town if u make it right.

Highest record here is about 8 to 10m.

I got relative's parent bought lands/prop  in KL when almost everyone jumped ships.

May13 time

Now they are super rich.