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 How much is your net worth?, gauging your financial performance.

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mois
post Oct 7 2010, 10:58 AM

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Age: 18
Occupation: student. part time farmer(parent bird house)

Marital Status: Single

Asset(s): gadgets around 10k tongue.gif

Study loan: parent support

Insurance: Coverage until 18


Cash in Bank: rm2-3k(monthly allowance rm1.5k. Can save up to rm800 monthly.

I go back my hometown once a month to harvest bird nest though. My parents cant harvest as it is abit rough kind of works.

This post has been edited by mois: Sep 20 2021, 05:37 PM
mois
post Oct 8 2010, 08:40 AM

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QUOTE(N~R @ Oct 8 2010, 07:20 AM)
Then should be your loves one  biggrin.gif
Anyway,here is mines:

Age: 18
Occupation:Quit my job with pay ofRm 4.8k-5k.So,Jobless now.

Marital Status: Single

Asset(s):Rm5k of gadgets i guess rclxub.gif

Commitment:Currently,Just gave parents some money,but going to get a house for parents as they fall down from business and went bankrupt.No worries,Dad back to managers lifes.

Insurance:No,I dont think so.

Automobiles:Not sure yet,but i need it as i am going to starts my business soon

Investment:
Foreign FD:7k euro,3k euro in wallet

Cash in Bank:Around Rm40-45k

For the 40-45k,I will going to invest into business soon and leave Rm5k with me.Hopefully,1st step will get a decent pay with Rm3k.
*
at age 18 got salary 5k? At 18 buy house for parent ah? Wow
mois
post Jan 26 2011, 01:42 PM

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QUOTE(prophetjul @ Jan 26 2011, 10:42 AM)
Here goes mine, pls comment:

Age: 48
Salary: 350k p year

Properties: 2.5m  (no loan)
Cash: 500k
Rental income : Approx 45k p year
Preciousmetals/commodities:  2m
Stock mkt: 1m
EPF: 1m
Insurance- Accident-2.2m.....Life......1.5m.....hospitalisation

2 kids- 16yrs & 12yrs

i need to provide 1 m each for their education.

Hows my portfolio?
Can i retire by 56 yrs old?

TIA
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Uncle, u are planning to send your kids oversea to further their educations? If local, i think not need 1m, probably need like 300-500k for medical course. thumbup.gif
mois
post Jan 28 2011, 11:40 AM

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QUOTE(edyek @ Jan 28 2011, 10:19 AM)
biggrin.gif Maybe inheritance? or Maybe support from Family or Uncle George? or Maybe stock/hedge fund investment?
I don't know what business in East Malaysia can actually generate that much of cash except oil palm and construction, but not surprise about the RM 700k profit. The age? I've no comment about it.

Maybe the tech start-up or those invest in stocks can do it.
Who told you earning RM 700k per year is consider ok?  sweat.gif
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In East Malaysia, swiftlet farming actually can produce quite alot. In my area there are like 2-3 folks operate their Bird House for 8-9years and currently producing 8-10kg bird nests monthly. Might be more than that depend on season too. 10kg x RM4500 = Rm45 000. Sadly mine is not that much tongue.gif .Property master like you sure can earn more than 1 mil p.a tongue.gif
mois
post Sep 5 2011, 08:42 AM

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QUOTE(prophetjul @ Sep 5 2011, 07:30 AM)
i am 49 years young.

Using Wong's spreadsheet

Assets

a) Fixed Income = 1.6 mil
b) Stocks, Equities = 1.2 mil
c) Investment Properties = 0.9mil 
d) Alternate = 1.35 mil

Liability

a) property = 0.15 mil

Income = 25k per month

Insurance = 1.2mil life cover

i plan to send my two children 12 and 16 years for overseas studies. - set aside Rm1mil each present value.
Plan to retire 58 years old with annual expenditure of Rm120k present value.

Is this achievable?
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Just curious, is your children excel academically?if they arent good, lo. cal is better n cheaper too. Otherwise basically you are sending your children to disneyland. 120k expense per year is 10k per month. With your current asset, it is possible. more than that.
mois
post Sep 13 2013, 09:57 AM

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QUOTE(rollover @ Sep 12 2013, 03:34 PM)
Good to see some successful folks out here. I'm way behind by comparison especially at my age/salary level but I'm thankful with what I have. I wish I had been more aware in my younger days.

Age: 40
Occupation: IT Team Lead
Marital Status: Married with 3 primary school going kids
Gross annual salary: 450k

Asset(s):

Current house (market value 1.8m)
Condo (market value 320k)
EPF 400k
Cash 150k

Liabilities:
Current house 900k
Condo 175k
Car loan 140k

Insurance:
Life: RM250k (not including what I get from work)

Investment:
Stock: RM20k
Mutual funds: RM60k
Rentals: RM1.6k
*
Nice annual salary there. It takes quite many years ahead to reach that figure for my bird nest farming industry if price still stagnant doh.gif
mois
post Sep 17 2013, 10:53 AM

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QUOTE(NoGrowth @ Sep 15 2013, 10:57 PM)
Age: 23
Occupation: Professional service
Marital status: In a rship
Annual income: RM70k
Duration of work: 10.5 months

Asset:-
Cash in bank = RM27k
Investment in share (cost of purchase) = RM25k (Market value RM26k)

Liability:-
Nil
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Your annual income is impressive. Try to buy property?
mois
post Aug 27 2020, 02:59 PM

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QUOTE(Zenph @ Aug 27 2020, 01:13 AM)


Source of Income :
Business Net Profit - RM80k-RM110k
Investment - Dividends of roughly 11k in a year and capital growth.
In this upcoming months, I most likely hit my milestone of achieving RM1million net worth. I set this life time goals of achieving it when Im 30 years old. I couldn’t be grateful enough to achieve it in 24 smile.gif
*
Nice. Top 0.1%.

By the way, mind sharing what kind of business you are in?
mois
post Sep 24 2020, 08:00 AM

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QUOTE(hksgmy @ Sep 23 2020, 04:09 PM)
I like to read stories like farizmalek - because truth is always stranger (and inherently more rewarding) than fiction. There's nothing that hard work (coupled with the right opportunities) cannot do, and IMHO, his story is proof of it.
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Can share the link to the story? I heard life as seafarer is exhausting for crew member. I have not read anything about the captain.
mois
post Sep 20 2021, 05:36 PM

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QUOTE(Hevrn @ Sep 20 2021, 04:07 PM)
Saving about 25-30% monthly now, depending on whether any obligations come up. Hoping to still save about the same, given growth in income.

I'm spending about RM6k annually on my life and medical insurance. Another RM3k+ on the kid's.
*
About RM500/month for your own insurance. That is quite alot.
mois
post Jul 25 2023, 07:03 AM

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QUOTE(ajin999 @ Jan 4 2023, 01:39 PM)
Age 30 : 400k net worth. sad.gif long way to go.
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Slow and steady as long achieve the retirement goal. Just dont compare.
mois
post Jul 25 2023, 07:17 AM

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QUOTE(hksgmy @ Jul 25 2023, 07:09 AM)
I fully agree. I take these forum posts as inspiration and encouragement to know what others have achieved - and for those who’ve achieved a level of success, they have my respect and appreciation.

For those still on their way, they have my support and best wishes on their journey.
*
True, your journey is inspiration for most of us as well. Porsche and S class brows.gif . Then your personal inspiration comes from those ultra rich (lambo/ferrari/yatch/helicopter). Then these guys look up to those billionaires. Never ending if want to compare. laugh.gif
mois
post Apr 28 2024, 10:08 AM

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Those who have 10m above networth, definitely life is good even for generations to come. I think some SME owner cannot even achieve this figure when they reach their 50s.

 

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