Personal financial management, V2
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 Mar 8 2012, 01:21 PM
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#1
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Senior Member
804 posts Joined: Dec 2004 From: Kuching, Sarawak  
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Just wanna know, any comments from experts here. This year gonna be 30 years old... Leading normal lifestyle...
Monthly Salary RM2,300 (Net Salary : RM 1,981.25) Expenses Food : RM 350.00 HP Bill : RM 100.00 Petrol : Claimed from company Credit Card : No debt Miscellaneous : RM100.00 Saving + Investment Saving A/C : RM 7,400.00 Fixed Deposit : RM 20,600.00 PNB : RM 31,450.00 UT : RM 28,000.00 Every month got DDI for RM500.00 Anything to recommend? Thanks...  This post has been edited by kabal82: Mar 8 2012, 01:28 PM |
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Mar 8 2012, 10:03 PM
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#2
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Senior Member
804 posts Joined: Dec 2004 From: Kuching, Sarawak
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QUOTE(wongmunkeong @ Mar 8 2012, 01:52 PM) Monthly Net Salary: $1,981.25 Is it really nothing to sneeze at, sifu? Monthly Expenses: $550; 27.76% of net salary Monthly investments: $1,431.25; 72.24% of net salary!! +DDI: $500; 25.24% of net salary +Savings: $931.25 ($1,981.25 - $550 -$500); Investable / Investment Assets: $87,450 +Fixed Income type (Savings + FD): $28,000; 32% of Investable / Investment Assets +Biz Equity type (PNB + UT assuming all equity funds): $59,450; 68% of Investable / Investment Assets ----------- In my humble opinion: 1.  How do U save 72.24% of yr net salary, when yr net salary isn't like $20K or $30K?! 2. How did U accumulate $87K+ within 5yrs+, at $2K-ish net salary? 3. U'd be financially free 3 to 11yrs if U keep on going like that (excluding inflation)  [attachmentid=2726762] Dude - U gotta share with us what's yr secret in expenses control + investing. I'm ass-U-me-ing U live in Klang Valley lar, else heheh. PS: I baka - i didnt notice "Sarawak" on yr tag/from hehe Still - what U've done is nothing to sneeze at, especially the accumulation and growth of investable / investment assets   Yup, I've been working since December 2005... around 6 years++... And also from Kuching, Sarawak... The first few years not much savings... that time still a hardcore gamer & single... got $$$, spend it mostly on original software... didn't think too much about my future at that time... mostly can hang on there coz i stay together with my parents (both working & earned more than me)... I'm not into clubbing, smoking, boozes & other luxury stuff (more of a techie geek) -- thank God, still the same till now Only start saving by Sept 2007 (try to rise up after hit rock bottom, zero saving throughout 2007)... start investing in ASM at the end of 2008 and subsequently in AS1M the following year... can generate at least additional income of around RM2k PA by now Start my FD account early last year only... Can generate at least RM600 PA (3% for 1 month tenure)... not much, but better than nothing, i think... Start my investment in UT late last year only after my colleague introduce a consultant to me. Have been wanting to invest in UT but no knowledge about it... Also learn more about investing with a lots of sifu here... If u wanna know how I have that kind of $$$ in less than 5 years... Sorry, I also not that sure myself how i really manage to save that kind of amount 1) Mostly is due to own determination to have a proper saving (cannot live on a life where I spent more than what i can really earn) 2) Kick out my old habit & desires (no more hardcore gaming for me) - seldom spent on games nowadays 3) Try to spent wisely & adjust my lifestyle... start keeping record of my daily expenses (want to know where the $$$ is gone to)... mostly I spent more (food, entertainment & stuff) when I go out with my gf only Btw, my net salary is excluding my bonus & annual leaves buy back... and also when i just start my saving, my salary is less than RM1k at that time  I think what I practise here is a norm for most people, rite? Correct me if I'm wrong... |
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