Thanks, I think so too because the dividend for ASB is 7%-8% (depends) I hope that along the years I'll be able to max my ASB and at the same time, settle my PTPTN

work with IT training provider. free development on certification track. save lots of RM. theory become practical. and less time spend to achieve it

Hi all, i also want some advice from sifu2 here..i'm 25 this year...want a tip for saving & living

INCOME:

Salary : RM 2500
Others : RM 600


LIABILITIES:

PTPTN :RM 180 p/m (15years, loan RM28k)
Car : RM 770 p/m (9 years, loan RM65k)
Food & Petrol & etc : RM400 - RM500
Phone : RM 30 p/m
TOTAL : 1480

SAVINGS:

ASB : I'm saving RM1000 p/m

left : 2500+600-1480-1000 ~ RM620

So I'm left with RM 600 A month...how to improve my financial management...any advise?

instead of deposit 1k per month to ASB
why dont you take ASB loan?
i take rm100k asb loan, after i calculate, the dividend that i get can cover all the monthly installment that i pay for last year

hi all...for those who work far away from parent..how many time do guys 'balik kampung'?...i'm working in KL and travel back to Penang every month...so i have to spend at least RM200 for toll and fuel..

I'm in the same shoe as you but I only go back when there's a public holiday. Sometime, I car pool while other time, I'll skip the highway and use trunk roads for certain stretches.

take a bus to balik kampung
at kampung,use ur parent car if needed

how many year you take that loan?

I think the longer, the better? I took 25years tenure...just make sure it wont be a burden later.coz we cant terminate the loan within a year...

Usually car pool during public holiday only...i guess taking the bus most convenient now...last time took the bus almost 10yrs ago when i was still a student..haha..tq

owh...but the disadvantages taking ASB loan, we cannot have the money or cash in hand before the loan is finish..have to wait untill 25 year...is it right?

what car you driving? 65k loan? u take 100% loan?

yes..u only get from the dividend at the year end...thats why I take the loan half the amount I can afford and just bank in the other half. As an example...u can now allocate 1k for ASB per month...so maybe RM 500 to pay ASB loan...another RM500 just put it in ASB like u r doing now...in case of u need money, just cash them out. But the proportion really up to you..50-50, 70-80..etc.


or u can also use fahrur_07 method...use the dividen to pay the loan after the 1st year...but then you wont get any benefit from compound interest...

i already some method about asb loan...the reason i don't take one becoz don't want that loan to burden me...btw..thank for suggestion..will consider ur suggestion about half loan & half cash saving

When I used to work in Penang, I travel back to KL once every 2 weeks. 6.30 pm leave Penang Workplace on Friday reach KL house at 11.00 pm, then on Monday leave KL at 4.00 am reach workplace at Penang at 8.30 am. But very tiring, sleep 1/2 hour at Tapah & also consume a lot of red bulls... . But that is the price to pay...

I am from Sarawak and i "fly" back twice a year... huhuhu

For bumi there is always ASB.
But for a pendatang like me, where can I park my money?
So far, I put into FD only.

There are many other investment options which are have good performance if you are willing to learn. But if you expect to be spoon fed, then stick to FD. The world is your oyster, never limit yourself to what you can't get. For me I never bother with any of ASN's products.

I wanna ask, will take up ASB loan make you harder to apply other loan say housing loan, car loan, and personal loan?

Thanks mang..
Actually, I also do not bother. But begin to take note after hearing how my bumi colleague is benefiting from it. A low risk steady return investment?
Just that feel it is unfair. Anyways, this is Malaysia. Nothing is fair to pendatang.

Life is never fair, if you want to be fair there will be no rich and poor people. If one opportunity is not available to you, why you do not choose to work harder for other opportunities? I am sure that you are capable of finding other investment in you have the patience and passion. I believe that my investments have exceeded ASNB's dividend yield, although I have work way harder to achieve it, I am satisfied. Why bother with all the restrictions, queues and disappointment? Heck, even some REITS pay higher yearly dividend than AS1M with almost similar risk (as long you don't sell).

This post has been edited by gark: Mar 22 2011, 12:36 PM