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How much is your net worth?, gauging your financial performance.
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hitokai
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May 9 2011, 11:42 AM
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hey guys... i wonder wat the best for 30k liquid cash at hand and i can save bout 7k per month ...
im 22 this year ... any investment worth making atm?
mutual fund or stock option?
gold? or start a biz?
been having sleepless night naw ... thinking over n over again for my future ...
currently im working on my tutoring center
vehicle = car 80k ( fully paid, so x loan ), van 35k ( outstanding )
properties = none
stock = none
mutual fund = 15k
ASN = 3k
moneh in hand = 30k ( current account )
monthly wage = > 8k
i wanna knew the feeling of money begets money tho ... ^^ thank you for all the sifu for da comments
This post has been edited by hitokai: May 9 2011, 11:46 AM
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hitokai
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May 10 2011, 11:41 AM
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QUOTE(michaellee @ May 9 2011, 01:54 PM) My advice would be to re-invest your money into opening a tuition centre since it is a business you know quite well and seemed to be generating good income for you. Hire more teachers to leverage on them. Then instead of saving RM7k a month, you might be saving RM70k a month. well say but as i said earlier i manage my own center meaning i have no time to built another one. By built i mean starting off again by scratch ... promoting ... getting credit from student and such ... i have in mind a few location to open some branch but the key factor in a successful biz no matter what is the manpower who runs it ... therefore now my main concern is i get the right admin to do it ...
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