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

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yhtan
post Oct 6 2010, 09:59 PM

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From: lolyat


car doesn't reflect a person's wealth, u will never know unless u dig out his info of all deposit and real estate

u go kampung, saw one uncle driving honda "kapchai", who will know he is the owner of 500 acre of rubber estate in that state?
same situation in KL, driving big car doesn't mean he is rich
yhtan
post Oct 8 2010, 07:30 PM

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From: lolyat


QUOTE(dreamer101 @ Oct 8 2010, 07:20 PM)
edyek,

This is a TOTALLY PASSIVE approach.  I just do not have time to be actively managing my investment.  I focused my time and effort on my job and family.

It is NOT necessary better or worse than what you are doing.  It is just a different way.

If I have more time, I probably join my family on investing in Palm Oil plantation.  They started a SDN BHD to do this.

Dreamer

P.S.: This is also a portfolio designed for retirement income.  Hopefully, in a few years, I can retired and start traveling around.  Then, I do not have time to be actively managing anything either.
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u don't have to involve in daily business operation if there is someone in your family who is reliable and able to manage oil palm plantation

i myself owned a piece of oil palm plantation, all the daily work(harvesting,fertilizer etc) is done by my uncle, in return i pay him a fixed sum of amount

for my case, the family business is now at 3rd generation, which reach my father and uncle generation, i'm more worry at the time reach 4th generation, fortune will create havoc and dispute among cousin
yhtan
post Apr 9 2011, 05:06 PM

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From: lolyat


QUOTE(ycyip @ Apr 9 2011, 02:53 PM)
2.5 years = 30 months
30 months get 60k equals 2k per month (dont count dividend)
EPF contribution is 21% of salary (11% frm employer and 10% from employee)
so 21% is 2k....
his salary around 10k  biggrin.gif

first job already 10k? wow  rclxms.gif
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i think he work in sales line, from what my friend work for Bank, their employer contribution is 15% and all commission earned will be contribute EPF
yhtan
post Apr 11 2013, 06:44 PM

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From: lolyat


QUOTE(gark @ Apr 11 2013, 06:17 PM)
Wah a lot of people want these kind of work.  laugh.gif

If you want can apply for position of Plantation Executive/Manager especially based in Indonesia, many offers out there. They have constant requirements for people as many don't want to work in jungle. brows.gif
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this kind of job can be easily earn above RM10k per month brows.gif

 

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