Hello guys. Been following this thread and felt that I need to get some comments/opinions/ideas. Is a total stranger to finance related matters. Age 30 years old. Thank you.

Salary: RM6,600 (Net: RM5,450)

Monthly expenditure. Total: RM2,830
Car loan: RM750 (ending in 2 years)
Education loan :RM400 (ending in 25 years)
Phone: RM30
Petrol: RM150
Meal: RM300
Life Insurance: RM200
Parents: RM800
Miscellaneous: RM200
Credit Card: Fully paid

Savings: RM80,000
Savings account: RM30,000
FD: RM50,000

This post has been edited by Kurt Cobain: Mar 8 2012, 10:59 AM

Thank you Sir for your kind words and analysis

You are right. I only have these Fixed Income only with no property investment/stock/equity (which led me to post here as rather concern on my status). I exclude bonus because I consider it as can be used for those one time buys like watches/travels etc.

By asset allocation, it means I should try looking outside FD right? I have been considering alot about buying a property for investment/renting purposes. Will need to read up more on this topic.

Can you please elaborate briefly the term 'financial freedom'? Does it mean no debts/loan?

I am looking at the numbers at the excel screenshot and will ask again when I am in doubt.

Again, thank you so much for your time

Thanks a lot bro. I understand what your explanation well