I am 32 years old, still noob and need your help. Here's my summary of my earning and deduction:

Salary: 2800 (after deduct EPF + Sosco)

Internet: 88
Utilities - RM100 (Electricity + water)
Apartment maintainance fees - RM150 ( I usually paid in advance quarterly coz I hate go every month pay)
Petrol: 150
Phone credit: Digi Prepaid balance RM650+, super long talk time.. I think cannot finish credit, I seldom reload..
Food: 400
Car loan: No (settle) - BLM
House loan : No (settle) - Living in Condo
Education loan: No (settle)- PTPTN
Credit Card: No
Personal loan: No

Basically I just spend RM800+ a month, sometimes work OT got a bit more money ok to pay the Indah water, miscellaneous bill, dunno wat bill wat bill, bill come I just go settle them..

Net savings per month: RM 2000 / I just make it easy count, I dump in extra RM1K into savings making it RM25K per year.

Rough calculation today I have around RM150K cash in FD, Sukuk, etc.. use the intrest go holiday jln jln around RM3K per year

I take old ppl advise practise - "AFISH". I do not like risk, no investment. Money must be protected by PIDM up to RM200K.

A - ASN, Wawasan 2020, Sukuk, etc
F - FD
I - Insurance
S - Shares (Dare not buy)
H - House (Done)


Can I retire at 50 years old?

I read about this
http://budgeting.about.com/od/Why_Budget/a...Millionaire.htm


If You Save: $2000 per month

You'll Be a Millionaire In: 19 years and 7 months.

This post has been edited by AAAABBBB: Jan 1 2013, 11:20 PM

Boss check and see whether I can retire earlier in 10yrs + time, coz need to take care of aging parents by then.

AFISH - This is my practise

1st priority go for ASN, Wawasan 2020, Sukuk, secure bond etc if can get,

2nd If do not have 1st priority, go for FD every month

3rd Plan to take a personal insurance Public Bank offer with ING - RM57 monthly accept until age 70 (RM57 fix no increment), RM200K insured, hospitalization- RM200 a day max 90 days, ICU - RM400 a day max 30 days, ...Sifu this one ok?

4th -Go for shares during bearish time, sell during bullish time...2013 potential very bad year, potential shares will be affected.. Thinking of getting Public Bank shares as they offered high dividen return..Buy when stock price go low...ok?

5th - House - Plan to take PR1MA if can get, range between RM100K to 400K. I applied for landed double storey hse in Penang island. Let say I go for the Max RM400K. I intend to pay RM200K downpayment.. Borrow RM200K from bank..Repayment should be roughly around RM1K per month right? I rent out my current Condo at RM1300-1400, and move in new landed house. Rental should be able to cover bank installment. The extra RM300-400, I use them pay maintainance fees, etc - dunno got lots of bill one Indah water, Cantik Api, etc. PRIMA condition is must move in and stay 10 years. Ok I move in and stay 10 years. Then I sell the hse.

Current market price I check landed property double storey is RM700-800K in Penang. If PRIMA let me buy at RM400K untung already. I stay 10 yrs, due to inflation - construction bricks, cement, steel allshould increase. After 10 years, let say the hse is value at RM1.4 million, I sell it lo...Untung RM1 million, the RM400K I pay back bank. I do not think need to pay RM400K that much since I borrow RM200K only. I calculate I will only be paying bank RM400K if I pay installment every month for the next 35 years or less right.

Current condo I am staying market value - RM450K, buy cheap during economic crisis 2008. Sell this one too in 10 yrs time, maybe price at that time around RM700K, or else continue renting..

Then I move back hometown Ipoh lower standard of living, better food, take care of parents.

I calculate my total net worth - RM1 million from landed double storey + RM700K from Condo +RM25K savings per year x 10yrs = RM250K + RM50K from the balance after paying back the RM400k in 10 yrs time.

I should have roughly 2 million...Enough to retire?

Follow AFISH formula learnt from old man millionaire that put every penny into savings, either u suffer now early or suffer later when old..

Easy formula ...Let say u grad age 24yrs old. Save RM2k a month, make it easy calculation RM25K a year like me. If cannot earn that much do part time job, OT , etc to make sure u save RM2K Ok..

Your girl friend do the same ..RM2K per month RM25K per year..

I take sukuk - 100% safe as this is not investment, principle is gurantee

First year - RM50K go buy Sukuk gurantee 5% interest - RM2500
2nd year - RM50K go buy Sukuk, Now you have total RM100K, 5% interest - RM5000
3rd year - RM50K go buy Sukuk, Now you have total RM150K, 5% interest - RM7500
4th year - RM50K go buy Sukuk, Now you have total RM200K, 5% interest - RM10,000
5th year - RM50K go buy Sukuk, Now you have total RM250K, 5% interest - RM12,500
6th year - RM50K go buy Sukuk, Now you have total RM300K, 5% interest - RM15,000

Total intrest collected is RM52, 500

RM25k x 2 persons x 6 years = RM300K...Go buy property at age of 30 with the RM300K, take the interest go get married lo..RM50K more than enough ..If not enough save another year + N or else take the interest buy a car ... Cash is king ! Buy hse cash, buy car also cash !

Ask yourself and your gf this question..Do you want to be bank slave for the next 28 years? They vampire suck your bloody hard earn money...Let say u borrow RM200K, pay installment RM1K per month, 70% -RM700 is intrest and 30% - RM300 is paying principal..

I really think suffer 6 yrs and get back the 28 years of suffering is worth a lot...

This post has been edited by AAAABBBB: Jan 2 2013, 08:56 PM

SUKUK now no more...that time govt offer 2 times only if not mistaken for 2 continous year..Now I think Bank Rakyat FD highest around 4% for keeping 1 year..

since u bumi ..ASB should be ok return 7% or more..


Amazing.

What about the following items?

* Household consumables, washing power/liquid, toothpaste, shampoo, toilet paper etc? Buy cheap cheap one from China, buy and stock up a lot during sales..
* Household furnishings, chairs, tables, fans, TV, air-conditioner, washing machine, stove, frying-pans, fridge, etc? Buy during warehouse clearance..If can live without live without it..or buy 1 piece at a time....Poor ppl do like this ma,,
* Clothing, shoes etc? Wear cheap cheap one...No branded...I wear till got holes, tampal here and there...
* Insurance for your medical, apartment, car etc? Work la OT, or do part time job - baby sitting, wash car, walk the dog, marketing research CATI, etc
* Car maintenance, servicing, tyres? Work la OT, or do part time job - baby sitting, wash car, walk the dog, marketing research CATI, repair computer, etc
* Computer/s? How do you access the internet? Streamyx RM88 student package 4MB, free netbook given by TM
* Council rates/assessment? this is what I mention the dunno what bill what bill - Indah water, cantik api, etc..Always pay all bills first, never owe anything as the interest can kill u..Then if u notice remaining cannot save RM2K per month, you work harder
* Misc like gifts, ang-pows when you are invited to weddings, birthdays, etc? Work harder lo...

Just do not give too many excuse and mention it is impossible to do saving RM2K a month...It is all about discipline..If u think u can u can..

sikit-sikit lama lama jadi bukit..

I just sharing a method of getting rid of liabilities that work for me, if it does not works for others do take note I am not getting any profit or asking u buy anything from me...I just provide some guideline how to be free from house loan and car loan.

Internet: RM88 - Fix need to pay RM88 per month..
Utilities - RM100 (Electricity + water) Not fix..My electricity around RM70+ and water bill RM5.. i put extra coz sometimes got relatives come over stay bill increase a bit..
Apartment maintainance fees - RM150 ( I usually paid in advance quarterly coz I hate go every month pay)..Fix ...I pay in advance..So if no money I work harder..
Petrol: 150.. Not fix...1 week I pump RM30 ..still got left over one..so RM30x 4 weeks = RM120 normally I pump..I calculate 5 weeks coz some month got extra 1 week..
Phone credit: Digi Prepaid balance RM650+, super long talk time.. I think cannot finish credit, I seldom reload....
Food: 400 .. I do not eat RM10 a day..Company got subsidi RM50 per month some more..Breakfast I usually skip, lunch - RM3.50, dinner - RM4.00.. so roughly I pay around RM225.. I put RM400 coz need to eat KFC, RM30 angpow money for wedding, or stuff like that..understand la..
Car loan: No (settle) - BLM
House loan : No (settle) - Living in Condo
Education loan: No (settle)- PTPTN
Credit Card: No
Personal loan: No

so just ignore how much I spend..the important point here is no matter what happen must save RM2K per month...so I put work harder lo to achieve RM25K savings per year.

Salary do increase 2-3% per year, whatever can cut just cut...then can do lo..sometimes do get company profit sharing, shares, bonus, etc those extra income can use for buy the small small things essentials necessity..I use those pay maintainance fees for my condo in advance per quarter..


Read this story Ah Kau, I like the most...

A newspaper seller can drive a Benz, where a finance executive get lay off and still owe a lot of bank loan, car loan, etc

http://www.skorcareer.com/malaysia-eng/ent.../ahkaustory.htm

Read this too.. This is good advise
http://www.wikihow.com/Save-Money


Since u guys wants to know how to make money? partime? Aiya I give u a link lo....Partime photographer for friends wedding also can make money get paid,
http://www.wikihow.com/Make-Money

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Added on January 3, 2013, 9:31 pmThe Sukuk that I purchased RM50K is this one..
http://www.bnm.gov.my/index.php?ch=en_ssr&..._ssk_all&ac=671

The other Sukuk 1 Malaysia I buy another RM50K us this one..
http://www.bnm.gov.my/index.php?ch=255&pg=816&ac=840

Today I got talk to a Colleague, mention to me old aparment near his place near Bukit Jambul Complex Penang 800sqft price around RM160K..He few years ago buy at RM100K

so if u and gf cannot save RM50K a year but can save RM25K a year, after 6 yrs time, you should have around RM150K, and plus the interest u should be able to get a 2nd hand apartment at RM160K and still some money to buy a local car or 2nd hand car.

---

Added on January 3, 2013, 10:21 pmI think the RM2k per month saving not that hard...my younger brother working govt - teacher in kl primary school also able to do this savings..just start teaching only

Salary: 2700 (after deduct EPF + Sosco)

Internet: Digi - RM30
Room rental - RM250 include Electricity + water
Petrol: 150
Phone credit: RM100 for 3 months.. Digi prepaid.so RM33.33 a month
Food: 300

he also roughly la spend RM800 per month

This post has been edited by AAAABBBB: Jan 3 2013, 10:21 PM

I am not from accounting background.

Did I put my Total Income as RM2800? I put Salary: 2800 (after deduct EPF + Sosco), I did not include in partime income, OT, etc

Why must ppl look down on part time job such as baby sitting, wash car, walk the dog, repairing computer, take wedding photograph, etc? From hobby/ experience put to practical use to earn some hard earn money....even if u bake cookies or cakes and sell during festive season, or sell homegrown vege at morning market is an extra part time income lo..it still generate $

A lot of ppl tell me work smarter but not harder?

I no money that time, I work harder lo - acquire more savings $ cash

then I use my money work smarter - Money make money - with a RM150K cash in hand, getting a 5% intrest that will be RM7500 a year...Isn't it smarter already?

If let say I go buy a property that my colleague mention RM160K the price now in cash.. I can rent it out RM700 per month, a smarter return of RM8400 per year already...so my salary is RM2800 + RM 700 for hse rental already...

When young fresh grad that time need to use energy work harder coz not much money in savings less commitment, when got some money then only we say work smarter ...

yup lucky...my parents are a lot richer than me...but I am a good son too...I plan to retire early in 10 yrs time move back hometown and take care of them when they are aging instead of hiring a maid or send them old folks home..

so same goes for my younger brother also do the same savings formula RM2K per month..

My financial management a bit messy lo , that is why I give salary I earn working for company..

others i just roughly know how much I have lo..RM150K + more.. EPF account those all untouch yet..

To keep my mom and dad have a safe heart to sleep at night...

I put RM50K for my mom to buy senior citizen FD hong leong bank at higher rate intrest..she keeps the money for me..I seldom ask how much interest I got

Same i put RM50K for my father..You know la...old ppl when know their son got lots of money savings in their hand they also feel secure I am doing well , no need worry me so much

then I still got RM50K under Sukuk 1 Malaysia under my name, this is the 3rd year last year already...Ah...this I know coz I go get the interest 5% to pay my holidays and sometimes extra for maintainance fees..

got others RM10K in Bank Rakyat FD if not mistaken, another RM11K in BSN senior citizen under father and mother joint account, not remember how much $ in Wawasan 2020 and others...

I rarely count the money in my savings one la...When money not enough I work harder do some part time or OT. Money not at my hand make me more discipline saver...I see I no money I no buy..

I no money I eat bread drink water, or cook porridge eat few days..

I stay discipline by withdrawing max from atm machine RM200 a week..Money finish that is it...if electric bill come RM70, I go pay RM70 so I left with the balance RM130 for the week..If the streamyx bill come RM88 I go pay too ..so I left RM42 in pocket... Breakfast I skip, lunch eat at company got RM50 to swipe for 1 month..and night time I cook maggi mee or make sandwich eat..

If inflations go up too high, I work harder..I do not declare my partime income as not consistent..sometime got do get extra dollar so I can make it through that week..If not I just stay at home and minimize activity of spending money in the weekend.

From the situation on top u know la,,ignore others detail

ManAtWorkIncome - Spending = Savings
RM2800 - RM800 = RM2000

Mom and dad tell me no need worry about those inflations thing coz later going to inherited property from them. should be able to cover inflations rate.
Dad tell me not to worry about taxes too, if I get tax a lot by govt I must be earning a lot more...Should be happy.

So basically I just worry now is can I save 1 million or 2 million in 10 years time and retire earlier.

This post has been edited by AAAABBBB: Jan 4 2013, 12:43 AM

It is good to have some cash liquidity in hands at the moment,,,

Reason?

It is really bad time at this moment, in Penang there are multinasional company closed down a week during Christmas and NEw YEar that time, there are company that working 4 days a week too, there are a lot of laying off VSS on-going

Even carpenter this Sep 2012 on wards, did not get any order to make furniture. Usually year end, they got too many orders that they cannot accept anymore coz overflow cannot finish on time..

With this info, now should be a good time to look at investment like which property is good - open a few portfolio for few good one -maintainance management is good, good location etc, look at which share is good one that gives lot of dividen - open few portfolio too. In another word during free time nothing to do browse mudah.my, property.com, those for more info. Visit those property too.

When chance come economic continue slow down, ppl get fired -opportunity come as a lot of sub fire sale property and shares plunged - good time to use liquidity to grab few good one..

Although I use AFISH method, You will see the 4th Priority is Shares and 5th is House. To increase $ in hand, I go for shares that grab during bearish time and sell during bullish time, I also invest in house when money in hand is sufficient to buy in cash...If let say not enough, short a bit for example RM50K, I just ask from father borrow first, I pay him back in a year or two..For property I am hoping can get the PR1MA one..a lot lower than market price, affordable and new property some more...Do nothing else but go register for one!
http://www.pr1ma.my/

I don't do credit card stuff coz likely get con more, they limit to give me cash back RM50 if I use RM1K per month. All the trouble going thru to pay the bills online, payback on time, etc. No credit card in hand make me more cautious not to spend unwisely. Like when I go pump petrol, I will take out RM30 pay in cash. Real CAsh go through my hand taken out from wallet, I feel the pain and not to pour full tank coz I do not have enough money left for the week if I do so. Pouring more petrol makes me itchy want to drive around more or go futher...

They call my hp and explain that plan from Public Bank and ING insurance plan. I forgot the name, but they say can check at Public bank website

Can call Toll Free Number at 1-800-22-9999 to find out more!

http://www.pbebank.com/en/en_content/perso...ance/index.html

my parents like kids a lot...If I got kid, I going to leave them with my parents for education and financial....I just cannot afford..or else I dun want kids, let the continue the family generation surname by my two younger brothers..They are teacher white collar, teaching tuition should earn a lot more than me...

that is why from very begining of the thread when I post, u see I put drink water eat bread, eat porridge, etc..

I am actually an non-exempt blue collar technician working in a factory, a small potato. I usually deal with operators, cleaner, etc. I no see sun just work work and more work. I struggling work a lot, few partime job just like Ah Kau, OT, only can get RM2800 per month. I am just like Ah Kau a stupid dog where other look down at me even I do some part time job.

http://www.skorcareer.com/malaysia-eng/ent.../ahkaustory.htm

I am sad when ppl look down on the part time job that I suggest/ I do one...To me it is still hardwork , I earn an honest earning...

Why must ppl look down on part time job such as baby sitting, wash car, walk the dog, repairing computer, take wedding photograph, etc? From hobby/ experience put to practical use to earn some hard earn money....even if u bake cookies or cakes and sell during festive season, or sell homegrown vege at morning market is an extra part time income lo..it still generate $

That is why everyone, relatives, colleague know - they do not expect much from me. Don't talk about birthday those asking me to pay/belanja where got money? If wedding I give angpow RM30, they understand too, colleague engineer usually treat me makan, coz they understand too I low pay basic struggling to stay alive. My mom and dad also understand they do not ask money from me coz they got property to collect rentals.

Do you think it is human for them to take $ from me? Just like stealing money from the beggar bowl.

I am bring up in a very poor family. I last time stay in single storey hse, father is a boiler at factory. I got used to life eating white porridge with kicap. Mom went market buying left over veges etc and cook as meal.

Even today I practise going to Giant buying RTC - Reduce to clear , almost expired food.

To learn more on savings, can read from here..

http://www.fomca.org.my/kewangan/index.php...wangan-berhemat

http://www.duitsaku.com.my/index.php

http://www.bankinginfo.com.my/

http://www.insuranceinfo.com.my/

can also look at the Buku Pengurusan Belanjawan Keluarga - Inside got tips how to save water, electricity and petrol

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Added on January 4, 2013, 7:03 pmFocus in settling the loan first...Your brother loan is RM4500 per month need to pay installment is a lot..Usually hse loan should only be 33%. He is paying more than 50% oledi..

Good times job can secure RM7K...what if lay off? RM4500 - RM 1800 (from property rental) = RM2700 ( every month still need to pay RM2700) . He got prepare 6 months cash liquidity to survive?

Huge gambling... coz your brother entertainment also RM1K, his life stlye clubbing a lot? drink a lot or smoke a lot?

The more you earn, the more loan you get liabilities

Usually ppl jump aeroplane go US or Japan become dishwasher or cleaner at oversea, they try to save as much money as possible, come back can buy hse, car and shop and start a small business..

but your brother look like wanna settle oversea already..Thus u cannot convert to RM. How much he earn there is how much he spend..his spending above is around the RM7k already...

If ask him to invest some more is like putting deeper into the hole can go brankrupt if cannot pay back..Loose everything...Do not be greedy..

This post has been edited by AAAABBBB: Jan 4 2013, 07:03 PM

Agreed...But if u saw my post..earlier life i mention how to use the interest buy necessity ...

I owe hse and car already..

two years back in 2011, my mom and dad did give me a lecture on quality of life..They mention they old and aging alrady...

thus I decided to take out some intrest from the money in the bank go travel

parents going on a tour see around the world b4 pass away..they fully retired..

as a son duty I accompany them to travel, I pay for my own - I can only afford 1 trip oversea per year my budget around RM3K. Parents they can pay for themselves. I bellboy la help to carry the heavy laguage

Thus in 2011 - went for a tour 10 days to Kunming snow mountain, dali, Lijiang those lo (around RM4K i spend..Overbudget already..I work hard to earn back RM1K)

2012- went with parents to 10 days tour to Sabah, 8-9 days tour to Sarawak and Brunei, then I make a trip 8-9 days to Cambodia with friends. thus Angkor wat I see oledi b4 it ruin (RM4k like that coz fly air asia, some stay relative place but still overbudget, I need to work extra hard to earn back the RM1K too..)

I sleep in cinema one lo.. I maintain spending RM200 a week if got balance I go cinema watch movie to release some stress..I go first time watch the first half fall asleep already...so I go again next time watch the 2nd half of the movie...I am a supporter of local and international film industry!!!

eat good food? Aiya I am still poor...But I never mention my parents poor ok..I do eat good food when go back home town. Last year got eat abalon . If reunion dinner like for CNY RM600+ a table, I share lo with my brother

I maybe poor, but I choose to earn my 1st million the hard way...I do believe money can make more money..

I understand from economics recession happens every 10 years or less, economy good that time, I work hard earn more money and do more savings..preparing for rainy days later..

Recession that time, govt urge ppl to spend more money so can create more jobs to save the country economic..This is the time I spend- I buy hse, shares, etc to help country to boost up economy. I do my part ..

Time money cannot buy, that is why I want to earn 1st million in 10yrs earlier..so I can take care my parents, then the remaining time I do more.. Ppl die younger nowadays maybe at age 70...So if I retired early at age 43+, I got another 27 years time to change smtg.

U rent a room right? Ask landlord to add a bed. Twin sharing double decker - can reduce by 50% thus u paying RM200 only. My brother in KL is sharing room la that is why room rental can divide by 2.

Parent allowance RM500 - ok, being noble son/daughter to support parents. I no comment coz I nothing to give, coz they are a lot richer than me.

Food - RM100 coz only lunch eat outside. Lunch cannot help it need to eat outside coz working. Breakfast eat bread or biscuit at home + a 3 in 1 cofee, Night cook your own dinner - Making sandwich or cook bihun put some choi sum vegge or eat oat. Cheap cheap only.

a loaf of bread, eat 2 slices for breakfast n 2 slices for dinner, RM3.20 Bonaza can last u at least 5 days.
buy eggs cheap only 10 AAA for RM3.20. Boiled them hard 100% coz egg in boil form after eat can tahan lebih lama.
buy magerin Planta instead of butter cost less than RM10
3 in 1 drink those Aik Cheong or get those Spirulina type with a lot of oats cost less than RM15
bihun 1 big packet RM2, choi sam get the 1 bundle RM2 type, cook clear soup bihun put some choi sim add some salt. Salted fish also cheap/ telur masin also cheap can consider add a bit..ratio it ok to last longer
Cook oat also cheap la.

Gas 1 tong 1 month also cannot finish one la..coz not boiled soup...just simple cooking less than 5 minutes each meal...

Transport - RM300 . Try to reduce to RM50. Take commuter and free bus Go-KL, walk a bit lo...
http://www.spad.gov.my/news-events/announc...-service-routes

Ha Now u achieve RM850+ monthly too....I salute you coz there u give parents allowance RM500...Congrats u just spend RM350+ on yourself..Unbelieveable!!!

I saw some ppl that eats a lot one...In order to save even more...They just took plenty of white rice + some curry will cost RM1.00, they bring from home 3 hard boiled egg S size one and eat together for lunch...If u eat like this..on the meal you can further reduce to RM50, thus should be Amazing achieve RM800+ montly spending same like me....

This post has been edited by AAAABBBB: Jan 8 2013, 08:18 PM

Car depreciate a lot one...Let me share with u my experiece

I very long time ago buy a Proton Saga Knight 1.5cc 2nd hand by cash 10K. It is year 1988 or smtg like that year manufactured.

Sit until here there got bubble karat ...hole here and there...like chicken pox

i park at parking lot other car also scared park beside me...anytime the car can blow up one the engine...I also think like that looking at the condition..

Park that car in front of Proton show room...Ppl go to show room, saw the car also shake head one then no buy...

then being offered RM5k to trade in...

thus I get the new Proton Saga BLM 1.3cc manual around RM35k...

until today I still feel regret I should have get the 2nd hand kancil 660 manual RM4-5k buy cash instead, then will see RM30K more in my account to help me generate more cash !!!

RM30K, 5% interest is like having additional RM1.5k per year, equivalent to almost additional RM125 bonus per month...

RM100+ is a lot of money..Just imagine if economic bad, company stay flat, no increment at all the RM100 comes in handly lo...

Bad if company no order, just 4 days work, less pay already - the RM100 is a lot of money to survive and stay alive...

Worst if company lay off u, just pay u 2 month compensate ....the RM100 extra is life or death already..

Let me share with u all, a way to cook good food, use little gas and is ideal for busy ppl like me never see sun one..

Use thermal cooker...I invest around RM500 to buy this ..buy during sale..the concept simple only..

Make soup, porridge, read bean tong sui, etc

1. Throw all in the pot. Closed the lid and cook for 15-20 minutes using gas fire.

2. Put the pot into outer insulated container...and it continue to cook the whole day without using any gas or electricity..it is hot and warm when u eat that time

It usually takes 4-5 hrs, rice become porridge...

I usually cook midnight dump everything in, morning can eat porridge already...

So if make soup also same morning cook, night time come back can drink soup already...lunch time actually the soup also ready,,can drink too..

http://thermalcooker.wordpress.com/2008/09...thermal-cooker/

how did I eat?

morning
1. Go offis got free either one of this curry/ sardine bun, cakes, biscuit, etc . They rotate can take 1 or 2 in the morning. Drink Milo, White Coffee, Cappucino, etc for free at cafe

lunch
1. Company give RM50 to swipe for food per month. finish the RM50 ownself need to pay. Company give 1-2 free fruit per day.

Tea
1. Eat maggi or drink mushroom soup, eat biscuit, etc. Company give yippie

Dinner,
1. Using the thermos cooker like magic lo...can do so many good food..very cheap...can even cook bak kut teh

it can do miracle

http://thermalcooker.wordpress.com/categor...pes-main-meals/

http://unclephilipsg.blogspot.com/2009/04/...rmos-flask.html

I like this

How to Live Cheaply
http://www.wikihow.com/Live-Cheaply

How to Retire in Your 30s
http://www.wikihow.com/Retire-in-Your-30s

How to Calculate How Much Money You Need to Retire
http://www.wikihow.com/Calculate-How-Much-...-Need-to-Retire

I do all u mention above, true I slowly financial independent, but how can I get 5 milion by then? I calculate max I can grow to 2 million max. I noob need advise lo.

An old man , millionaire just tell me this Golden Rule

A person is judge is wealthy or not by how much he saves

A earn RM1k a month, he saves RM600 - he is wealthy
B earn RM10k a month, he spends RM12k - he is poor.

B earn 10x more than A.

B spends on fine F&B, Porsche Car, credit card, etc - every month he is in debt -RM2K

A earn less, he manages his money well as every penny is a hard earn and spend on neccessity.

This post has been edited by AAAABBBB: Jan 12 2013, 11:08 PM

i do not agree. A birth cert in M'sia with the word bumi can buy up to max RM400K ASB with a return higher than 7%

i cannot buy


Count the ratio, if B is saving RM6K too, B is saving 60%, A is also saving 60% too. They are both wealthy.

Easy for you to say increase income by 2x, 5x or even 10x.

I want to live a honest living earning honest money. I no do illegal stuff rob ppl, lie to others or cheat ppl to increase my income.

I already doing my very best to increase my income by doing a lot of OT, part time, etc . I work till no see sun oledi. What else u want some more?

Do give some financial management guidance how to increases wealth not by investment. I few times hit the wall already lost much that is why I more defensive and go for savings more.

This post has been edited by AAAABBBB: Jan 12 2013, 11:25 PM

[quote=Gary1981,Jan 13 2013, 12:17 AM]

*U are a technician(correct me if I wrong). Have u thought of upgrade urself to become a service engineer or service manager? Service engineer can earn rm7k above, and mgr above rm10k. How much part time $$ contribute to ur earning that cost u to work no see sun?

Ur income limitation that drag u towards financial freedom. Invest something that related to ur skills for long term success. *
Perhaps, starting up a business related to ur service skills may increase ur income power.
*I have to agree u have positive attitude towards financial management. But ur main problem is ur income power.*


but dunno...I think working for company like a lot harder to earn $ compare to start business... I look at Ah Kau news paper seller also can become so successful..Still thinking is it worth to come out n start own business or not..I also think small coz $ not enough, like open a stall sell stinky tauhu at pasar malam, or start a small stall sell food like hawker. If sugar increse 10 cent per packet, drinks also increase by 10 cents and food increase by 20 cents..

So I think food industry can coupe up with inflation..

What I worried is if I start part time at pasar malam selling stinky tauhu, I may not have enough rest, then daily work at Technician may not perform and get terminated

.Becoming service engineer or service manager needs qualification..diploma in E&E .. To take a degree I need to study another 3-4 yrs..that cost me more $ need to get a ptptn loan or ownself fund....I completed my diploma ptptn loan

if think big F&B, I do not have enough $. I wanna open a McD near Kampar TAR, sure business good so many students around..How much needed fo open Mc D franchise? If not sell Ramly burger during night stall there not sure can em RM3k+ or not..

http://www.skorcareer.com/malaysia-eng/ent.../ahkaustory.htm

This post has been edited by AAAABBBB: Jan 13 2013, 07:27 AM

"It's your own job to make you rich."

I like this

It's not your boss' job to make you rich. It's not your parents' job to make you rich. It's not your spouse's job to make you rich. It's not your dog's job to make you rich.

http://www.skorcareer.com/malaysia-eng/ent...eneur-guide.htm


1. Stop doing what you are doing. In other words, take a break and assess what is working and what is not working. The definition of insanity is doing the same thing and expecting a different result. Stop doing what is not working and look for something new to do.

I wanna some sifu to advice..I want to take the first step above..

Priority

1. Continue my current job - Technician *blue collar - RM2800

2. Pasar malam selling stinky tauhu * small business, enough cash to start up. Night part time own business, still continue daily job as Tech to secure RM2800

3. Open a McD near Kampar TAR * Franchise require a lot of $. Any sifu got knowledge can share? how to do it? Quit current job as Tech

4. Open a Ramly burger store at TAR * small business, enough cash to start up. Quit current job Tech. Can burger selling earn RM2800+?

5. should I quit my current job, and be like Haji Tamin the famous kicap king....by start selling home made secret recipe cookies?

http://www.tamin.com.my/eng/our_story.html

This post has been edited by AAAABBBB: Jan 13 2013, 07:46 AM

Got read this too..Should I go rare chicken, duck,pig, goat or cow since it is higher 300% return compare to ASB 7%+ ?

http://www.skorcareer.com/malaysia-eng/ent...iesmalaysia.htm

5. Agriculture
　
The growth of agriculture industry in Malaysia is largely dependent on the wealth of natural resources in the country. In addition to contributing to GDP, employment and export earnings, the sector provides raw materials to domestic agro-based industries as well as food. The ministry of agriculture has provided a lot of incentives for the entrepreneurs in the effort to boost up the agriculture and the SME business. If done right, you can make it big in the agriculture business. For example, cow or goat-breeding business can allow you to gain a return on investment as high as 300%. That is higher than investing in ASB and Public Bank combined.

　

This post has been edited by AAAABBBB: Jan 13 2013, 07:59 AM

Impossible a white collar architect cannot survive, I am just blue collar technician that earn a lot lesser than u, but work some part time able to survive and live with no liabialities - free from hse and car loan..

Read the thread from page 86 onwards..

i just go through a website, and I like it..
http://pbskids.org/itsmylife/money/managing/index.html

go thru the sublink in the link above..Good and easy to understand, I like it too..

Managing Money:
Spending and Saving
Needs Vs. Wants
Set Money Goals
Expect Expenses
Track Your Cash Flow
Create A Budget
Make A Saving Plan
Bank It!
IML Money Tips
From the Mentors

I like the example of the market.

The market
In the business world, "the market" doesn't mean the grocery store. It means how well a certain product (say, lemonade) or a certain service (say, lawn mowing) is doing. If the market for something is "good" or "strong," you stand a good chance of doing well and earning money as long as you work hard. If the market is "bad" or "weak," it may be more difficult to do well.

If you want to make money at a certain job, you've got to learn to look at the signs and decide if the market for what you're offering is good or bad. Let's look at the two examples we already mentioned:


Running a lemonade stand
Signs that the market is bad:
• There are already lots of other kids running lemonade
stands in your area, so you would have to fight
for customers.
• The weather is very cold, so people may not want to
drink lemonade.
• You live in an area where few people walk around, so
there might not be enough customers.
• For some reason, people in your area don't like
lemonade very much.


Signs that the market is good:
• Nobody else is doing this in your area, so the customers
will be all yours.
• The weather has been very warm, so people will be in the
mood for lemonade.
• You know of a great spot for a stand where lots of people
wander by all day.
• Lemonade is always popular where you live.


Running a lawn mowing service

Signs that the market is bad:
• You live in a neighborhood where very few people
have big lawns.
• People in your area really like mowing their own lawns.
• Almost everyone you know pays a professional gardener
to do the lawn.
• There are already lots of other kids offering the same
service.
• The weather has been very dry, so nobody's lawn has
been growing.

Signs that the market is good:
• Your area is filled with big lawns to mow.
• Many people don't have the time or energy to mow their
lawns themselves.
• Few people want to pay big money to professional
gardeners.
• Not many kids are already doing it.
• The weather has been wet, so lawns are growing quickly