I know. My point is whose $$.

Hahaha. Bro, the expenses I am referring to is petrol and parking expenses.    As for the food, no worries I am a super big fan of nasi campur, considering the amount of food I eat. Though pretty skinny, I get hungry easily very easily so "chap-fan" is sure economical to me. (Add chicken, meat and plenty of side dishes only around RM10). Plus breakfast, supper and late supper I should be cooking at home, so little expenses are involved.  But thanks for the budget, our thinking are alike ! 

But now I am interested on the investment I could make with my RM 3600 a year savings. Of course the yearly savings will increase as the year passes.  Otherwise, could only dump it sadly in FD and wait for 5 years where my salary is enough to safely support a property investment (in case no tenant could be found) or when gold/silver hype is back again. So looking for all the finance experts out here to give me a small guide. 

As long I am in audit line, share investments is out for me. 

Alright, thanks for the info ! Will definitely take a serious look into it.  Any good websites, forums or books for me to build an adequate knowledge regarding unit trusts in Malaysia? Spend my past 3 years in university reading about shares and real property during free time, but not UT and Forex, unfortunately.    So will need info and much reading before deciding on my portfolios, investment strategy and risk appetite.  Hope you could provide some guide, since I believe you have much experience in UT. Terima kasih~ 

Thanks~ !! Like what I see in the website. Going to start investing in 3 months time after gaining enough knowledge. Thanks sifu ! 

Kenji-san, anoneh - never say never (for shares/stocks).
Try ETFs - they are baskets of stocks, thus similar concept to Mutual Funds BUT liquidity as per stocks (ie. via bids vs offers) and listed as per stocks.
local listed ETFs = CIMC25 for China largest 25 cap stocks, CIMBA40 for ASEAN 40 largest cap stock (methinks), etc.
plenty others in SGX and NYSE (but U need larger capital to hit "Economic Order Quantity")

ETFs have lower cost of purchase (sales charges VS brokerage & stamping) & holding (yearly mgt fees and stuff)
HOWEVER, not as liquid as Mutual Funds where Fund Houses buys back at NAV (ETFs sold off via bid vs offers as per stocks, thus if no meeting of price....)
+ need to save up to about $2.8K before worthwhile executing a buy (local stocks's EOQ cost, approximately 0.42% to 0.5% of value)

Just a thought 

eh? Jupiter has no more minimum $X or 0.XX% whichever higher now?
or just for special time-period or must hit certain amount of trades?
Interesting neh

HI PINK SPIDER,
  Are you refering stock broker fee?

Gomenasai - i thought stocks was a prob bcoz of the "individual company's data" that U may have access to,
unlike ETFs which are literally "basket cases of stocks", similar to UTs,
thereby bypassing that donkey ruling

Interesting, thanks for sharing on the auditor's need to report their own shares held, even ETFs 
<plans to discourage my children from being in such stifling positions are a brewing >

  Ok, thanks   

Hmm .. i got something to say hope dun kena bash lol .... I don't know what's the point of putting cash into a box? or keeping excel to keep track of CC spending and all .. UNLESS this dude is really spending for fun ... so dun tell me if money in bank is way more than CC swiped then you can go crazy swiping your card buying LV and things ? haha ..

You know what you're spending on and it's all about self control? For me I'm really thankful for the existence of CC because there was once my car gearbox suddenly break down and I really have no emergency funds ... so if my money in bank is not enuff .. are u saying i shouldn't swipe my CC then ? What will happen to my car then lol ... I still had to do it ... then I call Maybank to convert to 12 months payment then kena charge some interest ... I guess that's better than the interest kena if I don't pay the balance at the end of the month =/

I guess if a person has no self control by itself ... he/she will probably have no heart to keep track of the cash "piggybank" or the spreadsheet haha ... so i guess CC is not ALWAYS bad ... just how you use it ..

Sorry for interrupt. I know property investment is the best way to earn money. But dont you think with little money how to invest in property?

He really motivated me again last few years I was very hardworking in blogging for side income, almost spent all my time after work sitting in front of PC but last year end started lazy, so side income drops so much... I shld start hardworking again to earn more money 

Something to think about:
If your income is below RM1600:

Buy a low cost apartment in a desirable area. Eg. one that I saw recently is at USJ 1 at a reserve price of RM60K. 3 rooms at 657 sq feet. Assuming you bid and win at RM68K. Your cost is
RM68K for the price + RM1800 (Stamp Duty and Legal Fees) + RM1K for outstanding charges + RM4K for light renovation. So total cost is RM74,800.00.
Rental RM600. If the area is Wangsa Maju or Melati or anywhere near an LRT station, the rental can even go up to RM800

Rental/property price = 6K/74800 = 8% return. 
BTW this property's current market price is RM80-RM90K so when the purchaser buys it, they already make RM10K

So the possible return in 5 years:
(RM6K x 5 years) + RM10K current market price difference + RM10K future appreciation
=RM50K return on RM74800
= 66.84 for 5 years i.e. 13% per annum

BTW your RM50K appreciation for a 188K is IMO too optimistic base on current market trends. Perhaps more like a 25K appreciation.

I have done this sort of investment before but on higher end properties and larger current market price difference. In fact there was one property I bought which was RM80K below market.

Did you inherit via her passing i.e through a will?  If the will states that the 50% share goes to you then the stamp duty is RM10 regardless of value.  Only if it is transferred to a third party not part of the will, will it invite stamp duty.

Generally stamp duty is calculated as follows:-
1st 100K is 1%
Next 400K is 2% and
balance thereafter is 3%. So if the property is 600K, the stamp duty is:

100K is 1% = RM1K
400K is 2% = RM8K
and balance 100K is 3% = RM3K

Total is RM1K + RM8K + RM3K = RM12K

Hi all, a hypothetical question here.

Just wondering, is there any way for a salary-earner (RM60,000 per annum) to be able to move from being a low-medium income earner to a high-networth individual? I'm 26years old and I've seen how the wealthy live and its really sickening. Apparently I just found out that being wealthy and rich are 2 completely different things.

Its like they send their kids to high-end international schools, the type whereby the kids have to fly all the way to Germany as part of their history education (I also just found out that there are different classes of international schools too). I was told too that their monthly expenditure easily exceeds RM100,000 per month.

Are low-income and middle-income people kinda doomed?