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 Personal financial management, V2

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SUSleonhart88
post Apr 13 2013, 07:04 PM

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QUOTE(Pink Spider @ Apr 13 2013, 11:37 AM)
bro,

Not to take credit away from u, your lifestyle and savings habits certainly worth emulating notworthy.gif
But being not required to support parents is already a major "negative handicap" for u, u start the football match with your opponent scoring 2 own goals within the first 10 minutes, or u=Spain vs Malaysia tongue.gif  thumbup.gif

Whereas most of us who had to support parents, we are like England vs Germany sweat.gif
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please don't make an excuse. He is just diploma holder and technician holder with RM 2.8k only.
I saw many degree holder yet no have saving like him.
He does not need to support parent since he does not live with parent
SUSleonhart88
post Apr 13 2013, 07:07 PM

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QUOTE(felixmask @ Apr 13 2013, 02:43 PM)
1 child - 1million spend on them until 22 year old.

how many child you hv then how million you hv spend on them already.

Going to bill them back? must hv resit one.
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don't think 1 child=1 million maybe less maybe more.
my gf from elementary school till JC got scholarship.

my parents even support his brother..
how about someone has dogs?
SUSleonhart88
post Apr 13 2013, 07:11 PM

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QUOTE(AAAABBBB @ Apr 13 2013, 11:27 AM)
Parents own >10 properties all loan settle. Last year dad just get another condo in KL RM500K+

They should have achieve millionaire status..coz I see my dad go bank no que one..the branch manager always invite him in drink coffee one..They go on world tour must got money only can go travel so much ma..1 year go few months is a lot oledi..  tongue.gif

I dunno the returns, I never ask...anyway it is my parents money not mine...smile.gif

I independent do not like to relly on parents much that is why I choose to move out and earn a living on my own when start to work..
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your parents are very rich. they let u become a technician kor? no give u business? or not give u inheritance to u?
may i know how many siblings do you hv?

This post has been edited by leonhart88: Apr 13 2013, 07:13 PM
SUSleonhart88
post Apr 14 2013, 11:51 PM

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QUOTE(Pink Spider @ Apr 13 2013, 09:09 PM)
I did say that I did not intend to take ALL credits away from him.

Just a comparison...

AAAABBBB works as a technician with 2-3K salary, then he also can get some side income from his hobby of fishing.
Let's say it all adds up to around 5K, which is a bit more than my salary as a graduate. HAD HE NEEDED to support his parents/household, his savings and mine would be quite similar.

Just trying to emphasize a point here that its not an easy feat to support parents, not that I'm trying to ask everyone not to...

The most ideal situation would be parents having enough savings to sustain themselves, which AAAABBBB has the privilege of finding himself in.

Overspending on kids until no savings for retirement years > rely on kids > kids burdened to support parents > no savings > kids have to rely on grandkids

Its a vicious cycle.
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Can you elaborate overspending on kids? What I saw now : Parents give everything to kids>kids prefer support wives and their families>kids no support parents>continous cycle
SUSleonhart88
post Apr 15 2013, 11:07 AM

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QUOTE(Pink Spider @ Apr 15 2013, 01:31 AM)
I can only say padan muka.

I fully agree and support what AAAABBBB's dad did, only provide for his kids' NEEDS until high school, then leave them to support themselves. In the same manner, don't rely on kids to support. nod.gif
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then what is the difference you support your parents through money giving each month with you settle PTPN loan?
Imagine you study for medical degree, how long will you settle the PTPN Loan?
SUSleonhart88
post Apr 15 2013, 11:09 AM

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QUOTE(Beachkid @ Apr 15 2013, 06:13 AM)
Wow more than 10 is a lot. Your dad worked as a technician as well? Because 10 would be around 5 million in investments or more altogether since the loan has been settled.
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10 properties in Ipoh not good yield. My father also has 10 properties in ulu, the net worth only about RM 1million.
SUSleonhart88
post Apr 16 2013, 11:00 AM

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should marry by being fillial

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