QUOTE(Lemonty0305 @ May 18 2013, 10:36 AM)
Thanks for your reply. Of course I have done plenty of research through net and agencies and even been talked to the dentists as well as my seniors. I am posting mainly to hear from the experience people. According to most of them, they claimed that besides gaining experience in oversea since you are far from home, and the qualification in India is much more valuable than that in Msia. Furthermore, Manipal is offering twinning which are 2 years in India 3 years in Msia, the tuition fees is about 300K, my senior living there he claimed that the living expenses is only RM600 per month. It will be so much cheaper compare to AIMST.
Yes even Medicine is also an inflated course especially in our country, If I were to use the 500k for this degree, I could make 1M after the 10 years, why not? Since my interest and abilities come along for this course.
If you are so confident you can make 1 million MYR after 10 year, go ahead.
Simple mathematics shows it's very difficult.
Using the highest co-factor of possible earning, averaged by years, multiplied by the number of years which is 10 minus your 500k investment and taxes, you need to make something more than 1,5 million in the 1st place.
1st year ~ 3rd year = Start of Career = 4k at most = 4,000 x 12 x 3 = 144,000
4th year to 6th year = Specialization process = Maybe 8k onwards = 8,000 x 12 x 2 = 192,000
6th year to 10th year = Maybe you become big shot already, 20k onward = 20,000 x 12 x 4 = 960,000
Total earned = 1.296 million - 500k initial spendings - ( Average tax - 20% at least ) = 536,000
It's theoretically possible to reach 1 million in GROSS earning, but very difficult to make 1 million in NETT earning
Plus, the 6th year to the 10th year's earnings are likely inflated compared to logical earning as a benefit of doubt to you.
QUOTE(zstan @ May 18 2013, 01:42 PM)
please PM me when you have made 1M after 10 years. i would really like to hear your success story
Lol, refer my calculations above and see if it's possible or not