If you are severed by your company and you look for a job; you may be dissapointed i.e., your mindset may still be looking at the  same kind of activity in the same industry.

However, if you change your mindset and tell yourself to look for an income; perhaps your mind my think outside the box and see further horizon.

Let's take me, I worked in pharmaceutical industry as a sales rep when I first graduate from uni for five years.

Then I took over my dad's kedai runcit for the next ten years, when he passed away.

Now I am in the DIY goods distributor/stockist as a General Manager.

See, three different unrelated industry.

I was not thinking in terms of job or career, I was thinking along income, and my income was used to invest into purchasing positive cashflow assets to create passive income and multiple streams of income.

Hope my answer can give you some guidance.

With respect to giving to charity and getting good things back, well here is some little advise.

When you do charity, you get a lot of chance to meet good people, people who you can network and create profitable relationship. Sometimes I get to meet future clients during such activities.

When you meet people outside their formal role, they are at ease, they are more susceptible to listen to you.

Xuzen

Hi everyone,

May i ask what payment method did Public accept for monthly auto debiting.

currently my Public Mutual account is auto debiting my Public Bank saving account. Can it change to auto debit my Debit Card instead of saving account? Because i would like to close my saving account

Thank you

Does ur debit card is link to a bank account? If hv, just use that account. But I dun hv public bank debit card, so not really understand how ur debit card work.

My debit card is not linking to any saving account, it is the PB-ESSO debit Visa card.

gotta top up the card for cash

Ha ha. . . I'm refering to retirement bonus, not retrenchment package. Normally the bonus is like fixed for num of years of service, in my case rm10k. Some time my company would offer encouragement for older employee to retire instead of continue working and this package worth quite a fortune. I'm looking forward to it to enjoy early retirement and spend more time with family and work on something that I enjoy more. Else I need to wait until I achieve financial freedom like you 

When I actually focus on it, it took me less than ten years to achieve financial freedom.

And I am just a regular salary working person, I am nothing special.

The pre-requisite ingredients are: Have a sound plan then discipline, discipline and more discipline.

Xuzen

When I actually focus on it, it took me less than ten years to achieve financial freedom.

And I am just a regular salary working person, I am nothing special.

The pre-requisite ingredients are: Have a sound plan then discipline, discipline and more discipline.

Xuzen

would it be fair to assume that in your aim for financial freedom, the purchase and renting out of your shop lot is the biggest contributor to your income stream?

Rental income as defined under Income Tax Act Sec 4(d) makes up 1/3 of my total aggregate income.

Advisory Fee and dividend combined is roughly 1/4, the rest is employment income.

Xuzen

thanks for the insight.

in your quest for dividends, i assume that your stock portfolio mainly consist of dividend stocks. do you accumulate such stocks only when the market drops or you do periodic top up of such stocks, be it monthly or quarterly...

thanks for the insight.

in your quest for dividends, i assume that your stock portfolio mainly consist of dividend stocks. do you accumulate such stocks only when the market drops or you do periodic top up of such stocks, be it monthly or quarterly...

so i assume that your monthly expenses is around 50-60% of your monthly gross income, since you have achieved financial freedom.

When I actually focus on it, it took me less than ten years to achieve financial freedom.

And I am just a regular salary working person, I am nothing special.

The pre-requisite ingredients are: Have a sound plan then discipline, discipline and more discipline.

Xuzen

I will top up when there is a dip in the market.

I will have a shopping list of stocks.

They usually have at least 2x D/Y of 12Mth-FD; PER < 10 or at least the lowest in among peer.

Then I will look for TA for buy signal; such as RSI at oversold, touching the lower limit of Bollinger band and when the Fast MA cross the Slow MA from the top.

To be a little fastidious, sometimes I bring in the big boys such as the CAPM and SML formula to calculate the my long position (When I use to have more time, and to make sure I apply what I learn in my academic studies)

Xuzen

You are GM le... Your working salary can easily beat most our asses here without rental and investment
So you dont use DCA/VCA strategy but monitor market price? VCA not better for averaging meh?

Think of your personal income in business term. It will bring your mind into better perspective.

In Biz, there is a fix cost and variable cost.

Biz people always want to keep their fixed cost low so that profit is maximised. In the same vein, keep your personal fixed expenses low. That means, keep non-cash generating expenses as low as possible.

Trim away the wants until your excess return is able to pay for it. What I mean in simple term is for example you scuba dive, buy the additional dive watch by using the dividend, not from your salary. Your salary is used to buy more dividend paying stocks.

Don't look at me being a GM and say that I beat your ass, look at percentages. Don't look at absolute term. Look at my ratios instead.

Actually, I have no idea how to use VCA.... sorry.

Xuzen

maybe u not familiar wif the terms. How about dollar cost averaging? That u put in fix amount of money every month in your investment to get the best price and returns in your investment?

THe way u explain seems like u did not use this strategy. Is it the wat u monitor the market is a better strategy in maximzing returns?

Personally I don't use DCA on my own portfolio because I have a set parameter to enter and exit.