Turning 24 this year and entered the workforce somewhere in May of last year. Here's the breakdown of my monthly ins and outs;

Salary + Allowances: RM2,500 on average (nett)

Makan: RM500 (inclusive of eating out with the GF during weekends)
Insurance premium: RM200
Parents: RM500 (refused to accept it at first, but I believe its my obligation as the eldest son, seeing as they put me thru my entire life and university)
Phone: RM60
Supplements: RM130
Entertainment: RM200
Transport: RM80 (take public transportation to work on weekdays)
Petrol: RM100 (take the car out on weekends)

So after taking into account the expenses, I've got roundabouts RM730 left. No financial obligations at the moment in time, staying with my parents, using the car they got for me when I was in college. Its not as high as I like, but that'd do for now I guess, until I get a bigger paycheck.

What I have stored as what I consider as my personal wealth is;
1. Savings: RM1.8k
2. FD: RM12k on a 3 month rollover
RM5.1k with a one month maturity (to credit back int + principal into my savings upon maturity - I generally keep this as emergency funds, but if I don't need to dive into them I'll throw them back into a 1 month FD again.)
3. No credit card debt. Firm believer of spending only when I have cash in hand.

Rule of thumb when managing my funds are;
1. Excess cash for the month along with my 1 mth FD int + principal will be thrown back into a 1 month FD.
2. Keep my savings at least around RM2.5k for the month ahead.

Personal goals? Well, I plan to do a little Euro trip in 2015. Need about RM16-18k for that. Lolz. And to get a decent apartment and get ready to settle down by 30. Achievable? Hope so. More advice from the sifu's here would be awesome. Mum has adviced me to dabble in shares, but I'm waiting for the right time to start. Maybe in the next downturn perhaps? where cash is king and stocks are cheap. Haha.

BTW, why so shy to share here ar if it's a good investment? At least the gist or structure of it lar if too convoluted to go into details. I'm sure if it's worthwhile, lots of interested parties 

well it hard to tell in here cause you will not really understand how it work just by reading the whole stuff. you need to see it your self how it work though what im gonna said face to face...

And if anyone are interested, just set a date and we meet. I tell much more details.

THX

Heheh - sounds WAY TOO COMPLICATED for a simple investor like me.
My momma told me not to invest in things which cannot be explained to a child or a baka like me, else i wouldn't understand and be able to manage & track them.
Thanks anyway.

Hi Hevrn.
IMHO:
a. Good $ management habit U've got there and at 24!

b. Definitely can go for Euro trip by 2015 and buy an apartment. However, the question begging would be how "decent an apartment"

c. I've done up 2 scenarios in Excel (i hope U have Excel - else use OpenOffice or StarOffice heheh) for your easy visualization
+ one based totally on FD
+ one based on FD + Bonds + REITs +Stocks of good companies
Please do play around with the variables in YELLOW cell - can change easily without screwing up formulas
If U understand the formulas (simple ones used anyway), please go ahead and change anything
NOTE: I've only used VERY conservative expected bonds/bond funds + REITs/stocks returns.
eg.
Bond Funds can hit 10%pa+ and even now, mine's showing 5%pa+/- to 9%pa+/-, BUT i used 5.5%pa only as the expected returns
REITs' dividends ALONE can hit 10%pa+ if bought cheap, even now, mine's showing 6%pa +/- to 8%pa+/-

d. Bottom line
I'd suggest U do as yr mum says - start learning and "dabbling" with shares (normal stocks & REITs) WHILE plonking of 50% of yr 3mths FD in bonds / bond funds. Dabble = put some skin in the game, track and learn hands-on WHILE continuing book/online learning
Why?
Coz keeping yr $ in FD until U get a chance to buy deep discount/lelong stocks/REITs may be a LOOOOOONG wait.
Why not participate a bit first, while keeping some ammo dry for deep discount buys?
Asset Allocation and resource allocation comes into play here .

Heheh - sounds WAY TOO COMPLICATED for a simple investor like me.
My momma told me not to invest in things which cannot be explained to a child or a baka like me, else i wouldn't understand and be able to manage & track them.

i dont think he interested. lol
Correct me if i am wrong 

your mom are right. You must know the nature of what you invest in. I admit it way to ridiculous and a bit unsecured if you not know well what the program is. That is why im here to help you to know what am i doin. and how does it work. how long it goes.

If you are really interested what im gonna tell you, i invite you to my company for you to judge. I`m just messenger from my company to tell you this is an opportunity.
I not forcing anyone. Just to share with everyone.

The capital are RM35,000. The return about 15-17%. The period about 5 years - 7 years (depends on the project).
So again, if anyone interested, you can pm me, i explain more on it. "The best investment on earth, is earth!"

Agreed - never invest in something you do not fully understand or "too difficult to understand". You are just so polite as usual to avoid telling him off. I am sure you are smart enough or have sufficient financial knowledge to understand the salient points of va1kyr13's "financial product" (most consumer financial products offered in M'sia are not that complicated).

Anyway, va1kyr13's original post: "Well if anyone here got RM35,000 (sound to much huh?!) to spend in investing, would you be interested if i said you can get 15% - 19% return (sound to good to be true huh?!) annually for 4 - 7 years of investing?" When I read the paragraph, RED FLAGS appear immediately - call it instinct or whatever...

15% p.a? or 5 - 7 years return is 15%?

What do you meant by RED FLAGS? You never the things yet and you just judge the things?
Man be real, i know there are many scammer out there who really like to tell lies. But trust me, i not one of them. I just sharing what i know, and if you really know what im gonna to tell, you not gonna regrets. This not as complicated as it look. (I just wanna tell people who are really interested in it, not just someone who just want to know what it is.)  

RED FLAGS mean "a warning signal" - source: http://www.merriam-webster.com/dictionary/red%20flag
- it's a natural instinct (15%-19% p.a. returns will involve significant RISKS) since I have seen/read enough with more than 20+ years in the financial/academic (lecturing in finance) industry. Kindly note that I did not say it is not achievable but the RISKS have to be known/evaluated

All I ask for is more information...like what Wongmunkeong did. I just wanted to help out fellow forumers to understand the RISKS, instead of just focusing on the returns. Understanding the RISKS is as important as knowing the potential returns... A lot of investors only look at the upside without evaluating/knowing the downside (some do not even bother or too lazy to assess/know the risks involved).

speaking of the risk, i also aware of that. But in this program, the risk are low cause of the plan made by the company CEO. It secure even the world economic are bad. Maybe this is kind of new investment product that you never come across before. Well if you really want to know, you can meet with me.  I want you just hear or know what the plan made so far. And give you opinion after hearing one of our seminar.

speaking of the risk, i also aware of that. But in this program, the risk are low cause of the plan made by the company CEO. It secure even the world economic are bad. Maybe this is kind of new investment product that you never come across before. Well if you really want to know, you can meet with me.  I want you just hear or know what the plan made so far. And give you opinion after hearing one of our seminar.

speaking of the risk, i also aware of that. But in this program, the risk are low cause of the plan made by the company CEO. It secure even the world economic are bad. Maybe this is kind of new investment product that you never come across before. Well if you really want to know, you can meet with me.  I want you just hear or know what the plan made so far. And give you opinion after hearing one of our seminar.

[QUOTE]
Good plan... but i notice all  is abt investment( all abt making money). i think u lack of protecting ur wealth..