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

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poolsurf06
post Jul 26 2011, 08:28 PM

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QUOTE(jeff_ckf @ Sep 11 2009, 01:30 PM)
Very rich friends you have there  blush.gif 36 months of saving and investing coming out with 300K  notworthy.gif
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he's right.. most of my friends are too.. not easy but not tat impossible either.. some of them degree is not even second upper..


Added on July 26, 2011, 8:29 pm
QUOTE(rakyat @ Sep 11 2009, 02:01 PM)
Rich parents kuah..... lets get real in M'sia nobody makes RM300k during their 1st 3 yrs of working (put things in perspective - the starting pay of an engineer is RM3k)
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with overtime they would double their monthly pay..

This post has been edited by poolsurf06: Jul 26 2011, 08:29 PM
poolsurf06
post Jul 28 2011, 02:52 AM

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Junior Member
56 posts

Joined: Nov 2008


i intern b4 in a company where spm holder would get ~10k after overtime..driving toyota estima to work.. like they say..the world is not that small..


Added on July 28, 2011, 2:54 am
QUOTE(ntdote @ Jul 27 2011, 11:01 PM)
Hi all sifus,

Age: 25
Occupation: xxxx Engineer
Marital Status: Single with gf

RM2950 take home pay.

Asset(s):
None

Liability (ies):
None. Staying with parents. Car loan by them as well.

Insurance:
None by myself. Parents paying for me.

Investment:
None

Savings account
RM48,000

Monthly spending:
1. RM650 for petrol and toll to work (100km/day)
2. RM250 car maintainance (about 3k/annum to maintain this japanese car)
3. RM500 for food
4. RM300 for entertainment
5. RM250 Miscellaneous

Monthly savings only about RM1,000. If one day my parents unable to support anymore i will be in deep shit.

I just started buying books and reading about investments. Please help me.
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no tax/epf? tongue.gif


This post has been edited by poolsurf06: Jul 28 2011, 02:54 AM
poolsurf06
post Jul 28 2011, 12:09 PM

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Added on July 28, 2011, 7:02 am

Bro, thank U for reminding me that the world aint that small. I'm sure well connected peons/bankrupts have millions of $ too but they arent the norm lar tongue.gif.
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[/quote]

well, am not sure about those who does not follow the laws, aren't interested in them either. let God deal with them, we have our life to care about. tongue.gif

am still studying so this just a thought but i think these company will be found in 1. energy related field, 2. consultancy related, 3. sub-con jobs 4. work oversea. Reason being: No company beats 1st benefits and how far an employee could go, 2nd is best because ur pay increase as ur experience level increases, and generally no such thing as retirement due to age. 3rd has the lowest entry barrier but it's also the most fragile in terms of job security. 4th is for the person when he/she is young.

forget about S&M process industry...those are for u to gain 1/2yr exp or when u need a job instantly but can't find one.. by the time u pay ur life to help those company gets top500 in forbes, chances are u are not longer required - the ugly truth.

i know there are news around broadcasting that graduates demand too much etc, but put on our cool.gif because we know if we can communicate in quite proper English here (oh yes, those spm holders that I mention, could, they were trained by the company in technical and soft skills, no relations required. smile.gif ) , we just need to step out and try, and if all fails, at least we have tried. hope to see you in the top of the world. smile.gif


Added on July 28, 2011, 9:49 pm
QUOTE(a6meister @ Sep 16 2009, 02:34 PM)
wow, ur monthly taking is about 42k. i think u are not engineer, u are the director of the company. so, u must know one of the director of UNISEM. I think u earn more than him.
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lol..there are engineers with this pay at this age..assuming his pay start flourishing at 35, he saved ~2million in total, not bad huh.. respect smile.gif

This post has been edited by poolsurf06: Jul 28 2011, 09:49 PM

 

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