gaji 14k

take home rm10500


house loan rm2500

food expenses rm1000

other expenses rm1000

house 2 loan rm2000 (under contruction)

saving pm = rm4000

car proton iswara sports turbo = fully paid off

so ok boh?
continue just save rm4k consider ok or not?

You are overspending.

ok. but iswara maintenance high or not? turbo summore.

cheap
engine is proton magma only

turbo is the logo outside on booth there

proton iswara turbo is too ah beng.

pls change to perodua viva

ok la tu. save 1k. invest 3k better.

bodykit+sticker > turbo

heavy house loan ..but ok la...consider it as saving

trying to reduce other expnses but cannot


like astro rm160 pm
streamyc rm130 pm

hp rm150 pm

electric rm150pm

those cant reduce

alhamdulillah...

waa gaji 14k, boss u senior manager at kroni bhd ah?

girlfriend(s)?

another /k-tard who got more than 9999 > salary

i am 35 yrs old

one wife one kid

wife and kid expenses where?

The remaining 4k I think not enough for them..

no insurance?

pakai iswara oso good enuff..can save more then 4k

wife cover all that

Save it, live modestly, later when your child has grown up his IPT studies will cost you 300k at least

what are you using the saved money for?

if your returns is less than the interest you have to pay for housing loan, you might as well dump back into the housing loan

no point to save separately but to dump back the money into a flexi housing loan. so when you need the money you can withdraw back

cut down on food and other expenses, sell the 2nd house for a profit

get another few more wife. good mang like that

sell but then do what with money?
better keep the house for copital appreeciation rite? sicne can save rm4k per mont

somemroe bonus not included about rm40k++ per year

wait

bubble gonna burst soon

after bubble burst, go buy a larger, cheaper house

i envy

butt hurt liao

wa basic 4k

house loan 2.9k
car 700
credit card 1-2k
food 1-2k
drink 1-2k
travel, jln jln, main main 1k

ok what.. still alive

This post has been edited by ed0gawa: Jul 4 2013, 02:01 PM

yap

extra dump into hosue loan now .. but not full flexi.. semi flexi PB

when wan withdraw, have to pay rm50

Drill of your pay cheque plox... 1400 tak sampai cakap 14k..

Work as what gaji 14k??

this

car proton iswara sports turbo

senior it engineer

Lol you save majority of /k/tard monthly pay liao

gaji 14k,
but asking advice from kopitiam. seems legit.

how much is your cash in hand? you should be able to sustain at least 6 months of house installments for both houses

at your age.. i think should be around 100k at least of buffer cash

just use the remaining 4k to lure girl for nekkid hotel photo

actually if plus bonus all, its about rm7k saving i can make per month

think wan buy another property but dont want tie up with so many loan.

so i just dump money in existing property reduce interest. unless got new amanah saham cina launched

new car also dun wan since i drive only nearby in penang island. from bayan baru to intel.

car is a liability and i no intersted fancy car

got some 70k in asm

got excess payment paid into housing loan rm100k

too many ppl are putting too much $$$ into housing

and too many ppl are buying 2nd/3rd/4th house and they treat all these as "investments"

housing market in malaysia are getting more and more saturated, with more and more built-up-units vacant

too many such unhealthy signs are propping up everywhere

Hmm.. My gaji So little.. Veil sad Liao.. I plan to be drug pusher.. Opps.. Forgot Ada supercop at here...

thats is why i think 2 units is good enuff for me

not interested getting more prop as penang price so high

when will finish 1st house loan?
i think you are in the right track

how old r u?
as u get older n more experience, u will get higher salary

Boss.
wat job u do?
what position?
what industry?
age?

loan 30 yrs

so far paid for 5 yrs

at 14k salary, he is well capable to own a second house.

nothing wrong with that

bubble doesn't happen when someone paying for 2 house can still save 4k every month

bubble happens when someone earning 5k tries to buy 2 houses

i am not sex kaki

not so interested in sex .. maybe old liao

is time to upgrade to saga SV!!!

somemore epf also very high since rm2500 a month easily saved


so retire time also a lot money

this u need to consult lonelyhunter

extrapolating your current salary, annual increment, naik pangkat and all, you should be fine (stable and steady for future and emergencies)
to be rich, have to invest it somewhere though.

if u from penang buy land, don't buy house

land is scarce, very scarce in penang

i am eyeing the land beside my kilang, but the owner wants arms and legs for it, so i ffffff him kaw kaw

but i am still eyeing it, because i know the owner is up to his nose in debt - once the bubble burst, he gonna end up having to dump some of his properties and at that time i'll go in and gasak

land is important --- house can burn down, land will still be there, even after a fire

this thread make me feel greater loser .....

was planning but think dun wan waste money

wait najib announe buget 2014 first

car is liability

somemore my iwara is very good condition
leather seat somemore

If u drive potong, people will say u gila

Agreed!
Good.

wat i mean is, when bubble datang, house will be much cheaper

that is why i ask ts to wait, to be patience, and to keep himself in liquidity

he is in penang, if he sells his 2nd house right now he will get a very comfortable profit already

ts should keep his profit, and wait, and when the bubble come, he can use his cash (original + profit) to buy a much bigger / nicer and cheaper house

i did that in california, back in 2009

i pay cash so why i care what ppl say?

better than ciku earning rm3k driving vios paying rm1500 pm car loan + rm300 petrol n rm150 maintenance + eat roti

you planning to buy the land cash? if bubble burst, then banks will be stricter to loaning money to a depreciating collateral. with high number of NPLs during the 97 recession, house prices was cheap.. but it was quite pointless since nobody can get a loan.

when u expect bubble burst? can happen in penang? so many rich ppl

Other expenses RM1000? got so little or not?

iswara is a good car, especially the one with the magma engine

continue to use that car

penang is not a big place, u dun need to drive very far, so u dun need to buy something like "hybrid" or something in order to cut down on fuel cost

my work car is already 17 year old, and it is the oldest car in my business parking lot, and yes, the boss (that's me) drive the oldest and cheapest car in the company

almost the same with my fren.. 11k gaji. own a saga aeroback only. have 2 house right now. planing to get another one.

better invest for house than a car.

u are overeating.

u makan apa 1k per month?

overeating? it is also considered budget spending

only think drive this iswara is neighbous no respect...see u as sampah. since they drive benz, bmw, passat, vios, crv n so on

Property bubble in Malaysia? What weed you smoking mate?

a lot of ppl are "rich" in exterior only

they drive big and fancy cars but they are debt ridden

u are very much like me, prefer to be practical rather than showing off, so, to many others, we are not rich

when the bubble come, so many of those "rich ppl" will get squeeze, and when they got squeeze, they need to dump the properties that are bleeding them dry

that's the time to go in for a kill

u need to be patience in this kind of game, jgn terburu-buru

foo lye cheung, your salary 14k ?

property bubble is actually an illusion created by property speculator

i like it when more and more ppl are saying the things you say

when the majority of ppl think that something won't happen, that something *WILL* happen

when everyone and their great-great-grandmother think that the stock market gonna jump up, all will withdraw cash from bank and start buying stocks

and what will happen next ?

market crashes

it happens ***ALL THE TIME***

same with property market

the more ppl say "malaysia property bubble will never happen" the closer the bubble is

owh u sure kenal fantasy1989 la?

post pay slip

invest la bro.makin more money

if/when bubble burst, you will only benefit if you do not need a bank loan

otherwise burst or no burst is still same. when got bubble, easy to get bank loan

when bubble burst, banks won't give out loans due to high NPLs

bubble burst usually coincides with recession. during recession, buying cheap house is the last on your priority list

i'm not saying it won't happen, but if you just have to strategize accordingly to benefit if and when it happens

afraid to invest anymore since i am tied with 2 property loans @ rm4500 pm

better keep high cash flow a bit to reduce any worry

14k is more than 25% below /ktard average salary.

true story. everyone here is 20k avg.

who cares what others think ?

i drive my old car, see polis road block also no scare --- polis look at my old car always wave me off one --- thinking this guy with old car poorfag, no way to get kopi duit from him, so off he goes

and every time i see the same polis stop ppl driving bmw, benz, and all kinds of fancy new cars in the same road block

padan muka la ...

as long as my pocket got money

as long as my bank account got money

as long as my businesses are making profit, who cares what others are looking at me, and my good old car ?

agreed

change to proton saga sv

super velocity
super value
super virgin

lye cheung, why don't you rent out the house which you are not staying?

lol... It won't ever happen. Even if does, it will short "fall" rather than a massive burst.

The reality is, expanding population, more youths are going out to work, government controlled banks, property market dominated by crony companies and etc... You think they will allow a bubble?

Why do you think the loan tenureship has been expanding? From 15 years, to 20 years, to 25 years, to 30 years and now 40 years. If they ever feel its going to burst, they will push it to 50 years. They have a strong grip over the whole thing.

Don't compare the stock market with property market. They don't operate in the same manner. Everyone goes into property market seeing a house can be both a necessity and an investment, while the stock market operates in the investment capacity.

what car?

my other coliq same level drive 5 series bmw, another just drive livina, one more drive wira only

other house under construction so cannot rent out

You are saving more than 1/3, you are doing very well

got vacancy for junior IT ?

the thing is, when the bubble burst, ppl are dumping their property like mad

and all the while there are gems that can be picked up very cheap

that's when ppl who got CASH who untung

that is what i am telling ts --- keep the cash handy

sell the 2nd house for a profit (a big profit for ts since his properties are in penang), and then wait

the bubble is coming, i can't tell you the exact date, but i know it's coming

the whole thing is converging --- from the "hot money" pulling out, to the lack of economic activity in malaysia, to the drying of funds from the malaysian government, and so on ... ---

the property bubble of malaysia is a question of when, not if

a 17 year old toyota

at least a toyota

mine is 17 yrs proton

u were not there in california back in 2009

u dunno what u are talking about

i was there, i got to pick up some really nice properties

respect sama u, if i got 14k salary, i will be driving r35 d

but the cheapest model toyota, the one which they only sell in malaysia and indonesia

ahahaha, u know which model already, right ?

Buying props depends on the price you buy and the location.

Good location will retain its value, regardless of ups and down market.

Take Subang Jaya where I stay for example, the during the 97 crisis it went down slightly, now it is very high up.

I seen the prices stagnate, but never collapse.

must always remember car is liability

my classmate is a specialist in adventist earning rm80k per month yet just drives a 2007 camry

those srive new big cars are just the outside... poket kosong, so much worries.. always not enuff money, underwear koyak

assthrow can cut down.
Everything you need is in the screamyx, better yet change to unifi.

How come no insurance?
You or ur spouse die how your kid/family going to live?

KL tu kat California ke setan?

You're comparing a hardcore capitalist nation with a overprotected Malaysia.

insurance all included at prorated rate

basically after deduct all, can save rm4k pm + 3k ..bonus

saving rm7k per month

looks healthy for me, if you got another hundred grands in bank then you should spend another rm2k in property. like you said you wife will cover another part