You are young,... try to do a business, don't dive into investments yet. Make more to be used as bullets for future. After building your warchest, then you learn investments.

My background was like yours.

Thank you for your feedback! If our background are similar, you would understand our struggle to find ways to improve our financial situation. I think you found your way through building your business  . Hope this motivate me to try my best as well to think of something that can help generate some side income.

I think safe investment like ASNB can work with dividends of 5% every year.

You are welcome, young bro,... 

Emm,... some businesses needed cashfow to start and to develop, if the young man gets involved in such a business for which he feels he is capable of doing, then it would be best put to use in the business to earn more money. LIke leveraging,....

Earning 5% per year shld be the last way for him to earn money with,... at his age. JMHO,.... I did not play safe when I was younger,...but that's my way though,..

I guess everyone's risk appetite is different. I used to be a super risk taker until I got burnt hard last year, now I switched to be conservative, only investing in safe stuff.

Okay,... it doesn't chg the fact that one needs money or warchest to invest.

Hi All. I have been following this thread for sometime now.
Would appreciate greatly if I can get some advise on achieving my financial goals (get a car, married and own house to stay).

28 years old
Nett Pay: RM6,400
Other Income from Rental: RM 1,500
(Own 2 properties - low cost flat renting for RM 500, condo renting for RM 1,000)


Monthly Expense -
Property Loan: RM 3,500
Parents: RM 500
Food: RM 850
Petrol: RM 150
Insurance: RM 500
Misc. (Travelling, Yumcha/Alcohol etc.): RM 1,000

Savings: RM1,400 a month roughly

Investment Portfolio: 20k in stocks, 20k Cash as backup, Fully paid off low cost flat worth 120k, EPF 100k

Strategy should be to increase income and lower costs.

A brief summary of myself. Working in MNCs for the past 6 years and still living with parents.
I am currently in a relationship which explains why there is some travelling and higher than usual food cost.
Owned an old car for more than 10 years fully paid for, breakdown occasionally and planning to get a new car soon.

Had ventured into multiple "investments" that you can think of: stocks, FX trading, FD, MLM, properties, unit trusts and even some gambling activities, as I was willing to take huge risks since I was young at that time.
Only get burnt from these so called "investments" and the only 1 out of those that help generate some money is properties due to rental collection and even then I regret in purchasing a condo that is really far away and only get little rental yield from that.
Still losing money from stocks but planning to diversify my portfolio.

Planning to get married soon and I am worried that I will fall further into debt after getting a new car. Might even delay few years in getting a new place to stay even.
Having high salary increment/promotion could be difficult, as my company struggling in this current economic climate. Might even considered to move on to increase my pay.

Would really appreciate your thoughts/advise on how I can improve my own financial management.

Thank you.

The art of balancing Money for investing, emergency saving and downturn money, is the secret we all need to find.

Hi guys,

Would appreciate greatly if I can get some advise on how and where to grow my money. Dont have a big risk appetite

Age: 25 years old
Nett Pay: RM4,600 - RM5,000

Monthly Expenses:
Property Loan: RM350 (after deducted rental returns)
Food: RM 300
Petrol: RM 300
Insurance: RM 250
Phone bills: RM240
Misc. (Dating, yumcha/Alcohol etc.): RM700

Car: Paid off (looking to upgrade but i think it will still be problem free for the next 1 year or so)

Savings per month - RM2300-2500

ASNB - RM25k
Cash - RM35k
EPF - Did not check

Hi guys,

Would appreciate greatly if I can get some advise on how and where to grow my money. Dont have a big risk appetite

Age: 25 years old
Nett Pay: RM4,600 - RM5,000
...........
Savings per month - RM2300-2500

ASNB - RM25k
Cash - RM35k
EPF - Did not check

WTA guys,

If lets say I have 2 credit card debts (both are 18% p.a. if I’m not mistaken):

Card A : RM5,000
Card B : RM5,000

And now I have RM2,000 to pay off some of the debts. How should I allocate? Should I do:

A: Put RM1,000 to card A and RM1,000 to card B. Next months pay equally also

Or

B: Pay card A minimum and the rest pay to card B. Then continue paying more to card B while A Pay minimum (making it something like snowball effect)

Hi guys,

Would appreciate greatly if I can get some advise on how and where to grow my money. Dont have a big risk appetite

Age: 25 years old
Nett Pay: RM4,600 - RM5,000

Monthly Expenses:
Property Loan: RM350 (after deducted rental returns)
Food: RM 300
Petrol: RM 300
Insurance: RM 250
Phone bills: RM240
Misc. (Dating, yumcha/Alcohol etc.): RM700

Car: Paid off (looking to upgrade but i think it will still be problem free for the next 1 year or so)

Savings per month - RM2300-2500

ASNB - RM25k
Cash - RM35k
EPF - Did not check

WTA guys,

If lets say I have 2 credit card debts (both are 18% p.a. if I’m not mistaken):

Card A : RM5,000
Card B : RM5,000

And now I have RM2,000 to pay off some of the debts. How should I allocate? Should I do:

A: Put RM1,000 to card A and RM1,000 to card B. Next months pay equally also

Or

B: Pay card A minimum and the rest pay to card B. Then continue paying more to card B while A Pay minimum (making it something like snowball effect)

Hi guys,

Would appreciate greatly if I can get some advise on how and where to grow my money.

Age: 33 years old (next year)
Salary : RM 2300

Monthly Expenses
Food: RM 300
Petrol: RM 50 (using motocycle to work)
Phone bills: RM45
House internet: RM30
Car loan: RM 800 (already pay more than 5 years)

Asset : got house market value RM800k

ASNB - RM200k
EPF - around RM50k

I might getting married and settle down next coming year.. if everything goes well..

looking at your provided data you have abt RM1k surplus per month
you planned to get married next year.
how much do you plan to spend on marriage....
try to save for that first?

btw, how much cash & fd saving do you have now?

" looking at your provided data you have abt RM1k surplus per month " - yes correct

" how much do you plan to spend on marriage." - for hantaran and kenduri kahwin all RM 20k. Yes i also thinking need to try save for hantaran first

" how much cash & fd saving do you have now? "
Currently my cash in ANSB.. RM 200k
I no fd saving.
And i no and never ever took any personal loan

Yes... Try save for the hantaran first... Then the expenses needed for the ceremony... Then discuss with Yr wife what are needed to buy for the inside of the house.
Try not to touch the ASNB if possible

Hi guys,

Would appreciate greatly if I can get some advise on how and where to grow my money.

Age: 33 years old (next year)
Salary : RM 2300

Monthly Expenses
Food: RM 300
Petrol: RM 50 (using motocycle to work)
Phone bills: RM45
House internet: RM30
Car loan: RM 800 (already pay more than 5 years)

Asset : got house market value RM800k

ASNB - RM200k
EPF - around RM50k

I might getting married and settle down next coming year.. if everything goes well..