Oct 27 2009, 02:50 AM
QUOTE(jacboy @ Sep 10 2009, 07:07 PM)
Ladies and Gentlemen, member of the press,
I am new here
May I ask you all the following questions. As LYN has very vast pool ppl from all kind of backgrounds, so this is going to be a good pool of
information sharing.
I want to learn if my existing financial status and net worth is healty, lousy, etc.
So I want to share my info and hope you can share your info too. Please follow the format. At the end of the sharing, you can add your comment/advice.
Age: 28
Occupation: Service Engineer
Marital Status: Not Married but got gf.
Asset(s):
House (2 stories)-
RM220k Outstanding Loan: RM 98k 15 years more
Car (Japanese car)-
Market Value: RM 60k Outstanding Loan RM 45k 4 years more
Liability (ies):
Study loan: RM115k -borrowed from my uncle and he say when he need money will ask from me, any moment(cash)!
Parents, sorry ah pa and ah ma to call you all liability
Insurance:
Life: RM20k
Investment:
Bond: RM20k
FD: RM 220k
Cash in hand
RM10k
As you are still paying loan,why don refinance your loans?Take a part of FD to it.I think except you are taking rental from the house that are fully paid,if not the money in FD is a little bit too much.Fully utilize the money in FD. I am new here
May I ask you all the following questions. As LYN has very vast pool ppl from all kind of backgrounds, so this is going to be a good pool of
information sharing.
I want to learn if my existing financial status and net worth is healty, lousy, etc.
So I want to share my info and hope you can share your info too. Please follow the format. At the end of the sharing, you can add your comment/advice.
Age: 28
Occupation: Service Engineer
Marital Status: Not Married but got gf.
Asset(s):
House (2 stories)-
RM220k Outstanding Loan: RM 98k 15 years more
Car (Japanese car)-
Market Value: RM 60k Outstanding Loan RM 45k 4 years more
Liability (ies):
Study loan: RM115k -borrowed from my uncle and he say when he need money will ask from me, any moment(cash)!
Parents, sorry ah pa and ah ma to call you all liability
Insurance:
Life: RM20k
Investment:
Bond: RM20k
FD: RM 220k
Cash in hand
RM10k
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