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 Personal Financial Management V3, It's all about managing your $$$

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farizmalek
post May 5 2020, 12:06 AM

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QUOTE(KIP21 @ May 4 2020, 11:57 PM)
Strong financial. Now is relax time with family. Money is already good. Dont work too stress up. Since you mentioned overweight, i suggest you concentrate on health to enjoy all these savings. Try spend money on personal trainer in a gym. Start soft n target on weight lost a bit... try that out with wife. You will love the healthy journey. I am age 44 too..
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Thank you. Still need to work. If not otak can become kuku... And furthermore I have tried staying at home for 7 months and drove grab part time. Cannot lor, always quarrel with wife. She said I don't help her with the house chores smile.gif.

So now working again but in less pressure working environment. Since Tun M also working at the age of 93, I still need to work. Working not because of salary feel different bro. You just like to work. That is all.

Dieting is always in mind every seconds everyday. Difficult bang very very difficult. Especially in Malaysia, mamak 24 hours rest plus the malaysian foods, roti canai teh tarik dan nasi lemak.

But will try
farizmalek
post May 5 2020, 08:35 PM

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QUOTE(bronkos @ May 5 2020, 07:24 PM)
How much did you get a year from those rental income?
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not much
farizmalek
post May 5 2020, 09:33 PM

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LHDN: Offshore worker need to pay tax if work offshore in Malaysia Water.

If you work offshore outside Malaysia water, no need to pay tax if you are out from Malaysia for 180 days.

Foe seaman special rules. to encourage Malaysian to join the seafarers industry, regardless you sail with Malaysian Companies ships or foreign ships companies, if sailing more than 180 days, you are exempted from LHDN.

However, regardless you are exempted, you need to have an account with the LHDN and every year you need to fill up the BE form but declared no income in Malaysia and also keep the supporting documents from your company.


I just highlighted that makan gaji can also become millionaires provided even though my academic is not good. Only SPM with grade two:-

you choose the right career. Usually, job that people don't like and for somebody to replace you it is difficult, they need to undergo the same process of certification, seatime (like pilots collecting fying hours) exams, modular courses, etc etc.

To emphasize that you need to control your spending even if you have high salary.



This what I observed from my colleagues during our young days working:-

1. Most of my friends (mostly the malays) starting work already bought the new Perdana V6. That time V6 and the new honda civic were hot selling cars. Some bought AMG cars.

2. Buy house more than a million loan. Then renovated and furnishing the house by the designer at a cost of 200K and above cash.

3. Every year came back from sailing, renovated kitchen for 60k cash. holidays in fie stars hotels and taking business class flight.


I am ok with the above, if you dont kacau me, i dont kacau them. But unfortunately it is not true. This is what I encountered during my working days as a seaman and overseas:-

1. I drove wira and later myvi.

2. During gathering, teh tarik or during modular courses, my colleagues always kutuk made jokes such as.

Duit tak boleh bawa ke mati, you need to enjoy life, u mati nanti somebody else will enjoy your money.


Now how? with this covid-19, no job, we nee to have savings to survive. Furthermore as seaman or working offshore, stringent medical check up is required yearly. Kantoi and you are grounded. If you are luck to find another office job the pay will be lower and unable to pay the loans.

I still remember there was on teh tarik session at mamak, mostly came with big cars, but when come to pay all look busy looking at the phone. The owner of myvi lah yang pergi bayar.


Yes is is true duit banyak-banyak tak boleh bawa ke mati tapi masalahnya duit dah habis tapi tak mati-mati lagi. So how?


farizmalek
post May 5 2020, 09:36 PM

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QUOTE(bronkos @ May 5 2020, 08:51 PM)
WIth those properties in hand, can relax jer

What are you currently doing to make a living?
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Still working, but with much relax environment and small salary per month
farizmalek
post May 5 2020, 09:41 PM

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QUOTE(bronkos @ May 5 2020, 09:39 PM)
Your ASB dividend is more than enough to cover your expenses.

Anyways, thanks for sharing.
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No problem
farizmalek
post May 5 2020, 09:51 PM

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QUOTE(bronkos @ May 5 2020, 07:24 PM)
How much did you get a year from those rental income?
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Currently staying in Putrajaya. Since my wife is a civil servant, we stayed in the government quarters house. My properties I rented out. All for my kid later.
farizmalek
post May 7 2020, 08:29 PM

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QUOTE(leo_kiatez @ May 7 2020, 08:08 PM)
Out of curiosity, how is seaman salary calculated? How much do they  earn yearly?
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major shipping companies for Captain and Chief Engineer. 50k/m. Overseas about RM475k/year. In miidle east around 70k/m. Mostly on oil and gas carriers.
farizmalek
post Jun 17 2020, 02:56 PM

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QUOTE(tripleA+ @ Jun 17 2020, 09:57 AM)
Bravo bro! You are like one finding a needle in a haystack very rare to find.. against the norm of keeping up with the Ahmad/Ah Kaw, /Muthu.. looks like a lot of circumstances are stacking up in your favour (dual income/one kid /perhaps enabled to avoid BIG SCAM)  compounded with a good intentional eg influenced by parents upbringing.. there's a famous financial guru in US quote 'to live now like no one else so that later can live like no one else '..I like your statement.. 'masalahnya duit dah habis tapi tak mati -mati '..
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Thank you Tuan

 

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