+1

Instead of earning rm2.8k save here and there for food, why not think of how to earn rm28k or more?. To a certain, I respect few pages how the forumer list down how their food being served with fully utilised the owen.

What if B earn rm10k/month, save rm6k? Still have rm4k to spend a fine lifestyle?

In financial freedom, the key is to "save". Not to forget "increase ur income + save". Instead rm2.8k income save rm800, why not think how to increase ur income with 2x, 5x or even 10x and save rm800. Seee the difference.

What if B earn rm10k/month, save rm6k? Still have rm4k to spend a fine lifestyle?

In financial freedom, the key is to "save". Not to forget "increase ur income + save". Instead rm2.8k income save rm800, why not think how to increase ur income with 2x, 5x or even 10x and spend rm800. Seee the difference.

What if B earn rm10k/month, save rm6k? Still have rm4k to spend a fine lifestyle?

In financial freedom, the key is to "save". Not to forget "increase ur income + save". Instead rm2.8k income spend rm800, why not think how to increase ur income with 2x, 5x or even 10x and spend rm800. Seee the difference.

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.

*is this true what u said?* hope this is just an excuse statement*.


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?

*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.


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.

*I have to agree u have positive attitude towards financial management. But ur main problem is ur income power.*

[/quote]

+1.

AB

IMO, still the same advice. Upgrade yourself with a degree or higher. Get a decent high income job. Slowly start your business simultaneously. Then you will capable to build up capital to start the business you want.

You can have tonnes of business idea that you mentioned, and just make sure you are prepare to take the risk of "fail" and back to square life.
But life is magic as such facebook owner, bill gates & etc and wish you will success as them.

We (husband & wife) has not much investment portfolio and these years just saved and accumulated emergency fund of 16 months of our total gross income. All into FD and ASB only.
We have one children, and one to be due end this year.

My question is:

1.) Do i still continue keep saving or shall i start to invest in shares, properties & etc? Do 16 months emergency funds sufficient for rainy days?

You see these years we only put into FD and ASB already know we are conservative, rite? Recently, we have thought into shares and properties. Had surveyed properties and the price is expensive and seems some sell like hot cakes. All sold out.

We will definitely will not touch the 16months emergency funds, we will newly start to save again for any further investment.

I am the wife, using hubby account. Yea, my hubby is 32, but I am elder than my hubby. Throughout the years, we felt that 6 months buffer not sufficient for emergency especially for family that have children. That's lead to after 6months and continue now till 16months.

This emergency funds is purely capable to support all expenses if both of us jobless for 16months.

We are non bumi, to say that my buffer funds is 90% FD and 10% ASB.

Yea, we have a house loan which currently we stay at, a car with loan. Hubby has company car.

We saved abt 40% monthly nett income.

Sorry. It is ASM.

So u guys invest in properties as such condo, is it for ur children education? I seen ppl mostly buy condo and wait after 20 years and sell it off for children education.

AAAABBB

Just wondering do u plan to get married? Do u think u can still save rm2k with ur low income? U do not require to pay ur parents?

Your monthly income RM2.8k is consider low income at ur age 32, but you are hardworking to earn more with OT and outside business. BUt that contribute to your long working hours. It is ok that now you are single, it will be different when you are a family man.

Do you have a figure that require for marriage and a house? You need to figure to start initiate your plan and achieve it.
Increase your income = increase your savings. Most people save here and there, but why not think of how to increase your income.
For house, you may discuss with your future wife to share if both you has plan for the future.

Provide all this expenses detail to any bankers. They will let u know whether both of u entitle for loan. Simple as that. If no, then work harder.

Is the investment return that initiate ppl BBB. Perhaps is not "need", it is "wants".

Angpow money since newborn....

When compare this guy with rm150k to a guy that a millionaire before 30, this rm150k is nothing. So, don't compare others to yourself. Just do it what is capability and advantages. Find ur own way and duplicate the success that u perceived is right strategy.

Nowadays ppl tends to use personal loans to fullfill their plan. I thought already suffer with car and house loan....Wedding also get loan, renovation house also loan, later give birth also get loan.