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

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nik2
post Feb 2 2011, 08:02 AM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
Age: 22
Occupation: 3rd yr Software Engineering student/ Part Time Online Business
Marital Status: Single
Asset(s):N/A

Study loan: N/A, scholarship.

Insurance: Medical Card
Investment:
ASB: 30K
AHB: 55K
Gold: a few gold bar,dinar and dirham coins

MT4 acc: USD 2 were left.

Cash in Bank - RM2K

sad.gif

any suggestion how to gain the assets etc.

nik2
post Feb 2 2011, 09:36 AM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
QUOTE(cybermaster98 @ Feb 2 2011, 08:22 AM)
Its not about how much you earn but how much are your liabilities. You can earn RM20K per month but if ure paying out RM15K during the same period then u wont have much left to enjoy a decent life.

By the way, earning 8K+ wont really allow you to lead a comfy life unless you do not intend to own a property.
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for me, money generated by itself can give you comfortable live. but you need works harder toward it.. keep on work..work..work at young..after your age at 30 years old onward ,automated money machines will give you all what you want

- sorry for my bad english - biggrin.gif
nik2
post Feb 2 2011, 10:07 AM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
QUOTE(prophetjul @ Feb 2 2011, 09:57 AM)
WOW! Nik!
At 22 yrs young, you already have such high net worth!  Thats great going!  thumbup.gif
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try and error in business. smile.gif and also every sem break. working from floors and learn from there about the reality world nowadays..

from there, what i can learned, by doing the business and the right doing business based on nowadays demand ...i keep walking to learning from you all. smile.gif

dont forget making investments also ..it might be worth at upcoming years... smile.gif
nik2
post Feb 2 2011, 12:57 PM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
QUOTE(iWill @ Feb 2 2011, 11:40 AM)
Great. That's definitely not your pic there biggrin.gif Can share on what kind of online business you involve?
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HEHEHE...BTW,not my real pic.its just a gimmick! smile.gif

hmm..selling electronic gadgets and some accessories biggrin.gif


Added on February 2, 2011, 1:01 pmi am also trade in LYN. my new bisness plus help my friend to finish his stocks - Check this out by click here

smile.gif

This post has been edited by nik2: Feb 2 2011, 01:01 PM
nik2
post Feb 8 2011, 10:35 AM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
more income = more comfort

BUT MUST BE
when you didn't have any hutang from banks.(exception housing loan,car loan) smile.gif

no credit cards and personal loans in your life thumbup.gif
and make your strategy on your money to use for what and when depends on priority.

please asking AKPK for more info. whistling.gif
nik2
post Feb 10 2011, 04:00 PM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
QUOTE(anangryorc @ Feb 10 2011, 03:46 PM)
Hi all,
I've been working for 6 months and I am able to save around 1k per month.
Am I getting on the right track, and which way is the best way to start investing with 10k?? ASB? Starting a small business?
Thank you!!
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how about half amount just put inside asb and the balance starting your small business? smile.gif
nik2
post Feb 11 2011, 08:52 AM

Getting Started
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Junior Member
134 posts

Joined: Nov 2010
QUOTE(anangryorc @ Feb 10 2011, 04:22 PM)
I see, thanks for your suggestion, but I doubt I can start anything with 5k sad.gif
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with 5k, there is alot of products you can start with. before this i'm only start my business using only rm300 at the beginning.

find your supplier and your potential products smile.gif and try to sell it in our country first and then try market outside malaysia thumbup.gif

 

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