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How much is your net worth?, gauging your financial performance.
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haicaramba
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 Apr 25 2013, 01:56 PM
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Getting Started
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QUOTE(squack88 @ Apr 24 2013, 11:32 PM) Guys, just wondering how am I doing? Age : 26 Own business Monthly Average : RM6,000 No assets nor liability FD : RM100k Savings / Cash in hand : RM80k No idea where to invest in.. properties seems to be out of reach. Very obviously u r holding onto too much ca$h here. Hope that you're not the kind who like to see lotsa cash in your bank account  With 180K cash in hand, u can easily acquire 2-3 condo/aprt properties for rental income. Max out your loan credit while you're still young (and can afford to)  |
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haicaramba
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Sep 17 2013, 07:40 AM
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Getting Started
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QUOTE(gooberhock @ Sep 16 2013, 03:32 PM) its a sole prop. so its basically all under my own name would be better if i could buy it under company, but cannot do so becaust it is an enterprise and not sendirian bhd. and i do not see myself as having much success. because there will always be many others far more successful than you . i am just lucky that my business has a high cash turn over, thats all. RM20mil a year and still SP??? I think it's time to hire a tax consultant or change the current one if you have one now  |
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haicaramba
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Sep 17 2013, 10:45 AM
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Getting Started
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QUOTE(gooberhock @ Sep 17 2013, 10:33 AM) sounds simple..... but for me, personally. there are risks involved to change to sdn bhd. i might lose my licenses if i do. because it is heavily governed by govt and they are looking for every excuse to take ur license away. Oooo.... heavily regulated by gomen & gomen is looking for every excuse to take your license away, and with rm20mil turnover a year.... roughly can guess what business your company is into  That's reali a cash cow u hv got there man!  |
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haicaramba
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Sep 18 2013, 11:34 AM
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Getting Started
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QUOTE(ck23 @ Sep 18 2013, 10:22 AM) 1 Money Changer 2 Petrol Station 3 Pawnbroker Mana satu boss? My guess is none of the above... wait for reply from the boss if he's willing to tell  This post has been edited by haicaramba: Sep 18 2013, 11:34 AM |
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