It will be near impossible for a common worker in their 20's to earn so high in Bolehland. Our salary are kept low for some reason.

I don't know what is the commodities 2m. Ignoring that, you have 5m. Even if deduct 2m for education, you have 3m. 8 years left to 56 yr old. If save 200k per year, will get another 2m. Minimum 5m by 56 yr old. Even if earn 5% on it also got 250k. Yes, you can retire by 56 yo. But I am sure you already know that.

hi all,

can you comment on my situation? please provide some opinion as i wish to learn from some of you.

Properties

1. Link House-0 out of KL. RM250k (Outstanding Loan RM50k)
2. Condo-KL RM250k (Outstanding Loan RM200k)

Cars
1. Japanese car old RM 45k (outstanding loan RM24k)
2. Japanese car RM150k (outstanding loan RM90k) for my gf use

FD + Loose cash RM210k

My concern is my salary is used empty every month to service the loan for the above 4 items and my lifestyle..
I left only saving of few hundred RM every month...

I know u will suggest that pay off some loan but I will get penalty for the Link House (RM6k)

Hi!

Equity = Asset - Liability

Asset
======
Total in all checking and savings account --> RM2k
Current value of life insurance (cash value) --> unsure (this figure should be the amount you get if you surrender the policy today)

Current value of home ---> RM100k (RM300k divide 3 person)
Current value of any personal property and cash on hand (handphone, laptop, guitar etc) --> RM2000

Total Assets --> RM104k
Liabilities
======
None

Net worth---> RM104k

I really appreciate any input and feedback..what should i do to achieve financial and time freedom, i hate to work for other people, and plan to relax or do business by 35 birthday.

Age: 26
Occupation: oil and gas ( 1 year and half)
Marital Status: single with gf.
Asset(s):

House

House 1 - rm 400k (outstanding loan: RM 273k at BLR-2.4% 40 year loan, (monthly installment: rm 1120)
House 2 - RM 230k ( oustanding around 230k, complete by 2013, now paying progressive. blr-2.3% for 30 years)(monthly installment: rm 1101)
House 3 - rm 340k ( Oustanding loan: 237k, monthly installment rm 1010 for 40 years at blr-2.3)

Car (Malaysia)- market value 45k: fully paid
epf: around 10k or less.

Salary: rm 4500 monthly gross

Capital investment:

Precious metal trading/high yield investment (Around 30% per annum: RM200k( capital)
ASB (8.5%/annum): RM 260k( capital)
Investment income:

Rental income: rm 1300 gross/month
Investment income from precious metal trading/stocks/: approx rm 5.5k/month

Liquid Asset/Cash:

Savings/cash: RM 4k
Insurance:
Life and other:  rm 1800 a year(not sure what it covers, since been bought by parent since young and now i just continue the pay)

misc:
future inheritance: approx rm 4 million ( 60% property: 40% cash/unit trust)
Liabilities:
Cred card: rm 9k
Housing loan: all 3 house (approx : 3.4k monthly once 2 of the houses complete construction)
gf: rm 700/month
Dad: rm 2000 monthly payback to him because i borrow around 200k interest free cash loan
personal loan: rm923/month for another 10 months

expenditure: around 5k more or less (food, fuel, toll,, entertainment
thx

Or just keep "keeping up with the Joneses" and be green eyed? 

Buy ASB. Stock market are not for you.

House (2 stories)-
RM400k Outstanding Loan: RM 220k 7 years more

I also dont understand.. remain 400K or 220K outstanding loan?

My house fully paid. Bought RM400+k landed 5 years back.


What is the best way for me to invest now?

My passive income is nil. As I exclude sgd 20k of profiting share with dividend annually 4-6%

My tax is killing me, since I can't do much tax relief.

What is the best way for me to generate passive income now?

Age: 38
Occupation: Own Business (Oil & Gas)
Marital Status: Marry
Children: two (12)(14)

Asset(s):

Bangalow lot :-
  a) Damansara Kuantan (7.2k sqft) - Freehold
  b) Astana Golf Resort (12.75k sqft) - Leasehold
  c) Bkt Jalil Golf Resort (12.5k sqft) - Freehold

Car :-
  a) X6 M
  b) CLS 55 Amg
  c) R8
  d) Alphard
  e) A4

Liability (ies):
Loan Installment, not an issues cause Dividend/Interest can settle it every year...

Investment:
Saving: RM1.25m
Current: RM750k
FD: RM36m
Mutual: RM2.5m
Invest in Business: >RM5.0m

Best quote. The malls around the Bukit Bintang area also project crony. If you buy from them means you support the crony.

This is the most idiot one, just simply point finger to others.... my business nothing to do with kronies or politician, I supply to Hong Kong, Singapore, China & Middle East.. Not even once I got chance supply to Petronas cause they got Vendor Development Program (VDP) holder. Even though I have VDP contract for Pump & Valve but still in R&D (since Sept' 08, spend USD2.5m). My self not even think 2nd stage for API & Lloyd boards testing at this moment... Mechanical seal size 3" price USD62,500 each... USD62,500 x <1200 unit p.a (max) = USD75m @ RM3.00 = RM225m (profit 40%)