Going through this thread, I can't help but feel there are so many ppl humblebragging here. Those earning >10k have no business sharing or pretend to ask for advice here, you are only bragging and trolling trying to make ppl here feel bad.

Earning > 10k, you are totally not in a pinch needing help managing money, you only need to not fuck up your business and income source, and don't waste money on lambo or mont kiara condo.

Hi, thank you. Referring to number 5, actually Im wanting to build the 6 months emergency fund in ASB.

Going through this thread, I can't help but feel there are so many ppl humblebragging here. Those earning >10k have no business sharing or pretend to ask for advice here, you are only bragging and trolling trying to make ppl here feel bad.

Earning > 10k, you are totally not in a pinch needing help managing money, you only need to not fuck up your business and income source, and don't waste money on lambo or mont kiara condo.

Hi, thank you. Referring to number 5, actually Im wanting to build the 6 months emergency fund in ASB.

After building that, I thought of reducing the loans which is the PL and the car. If possible, finish paying by end of next year (very tight but possible) so we can be financially free in 2022,
So for year 2022, we continue saving and partly will become our downpayment for a house, in 2023.

To be honest, when times were rough i thought of letting go the car. husband has a bike and I commute to work. We only use the car only on weekends. But husband adamant not to let go of the car in the past.
As of now I guess I will be driving back and forth to work since  covid.(Im a high risk as I have asthma)

4. Robo advisors.
https://www.google.com/amp/s/www.imoney.my/...-comparison/amp

Hi, yes. Currently looking for alternative for phone bill. Actually its shared between 3 people. Husband, FIL and me.
Unfortunately renting a room will be the very last option. Or even renting the vacant room we have.
We value our privacy. We were younger when we rent with friends and strangers. enough to say, we're done with all the drama. Stealing,arguing, not paying eg eg.
Secondly, my mum has a room of her own here. My mum is nomad and comes and goes. She frequently comes to stay, cause its convenient for her. Nearer to KL, nearer to her friends too.
Actually, she dont mind "renting a room" and did so when we started to rent here. Early this year i told her we should be fine, and asked her not to pay anymore. I always feel guilty mother have to support her 32 yo daughter, even I know she more than capable.
My sister may come and stay too,she's studying in Indonesia and sometimes comes back
lastly, very rarely my in laws come here and stay.Enough to say, its kinda a family unit already.

In the beginning, we didnt mind to rent a unit cost RM800, but the places we scouted is more like PPR. My mum disagree to rent this kind of places.
Actually, the unit im renting is a modern version on PPR. Its just so happen its new and i got a corner unit which my mum likes. in 10 years time in 100% sure this place will change to a PPR

Also, if i were to lose my job, im 100% sure my mum will support bypaying half of rental. Worse come to worst, we just move back to my mums place in Kajang.
Actually yes. My bosses are very supporting if anyone wants to continue study and I was thinking heavily about it. Spoken to my husband a few times and have surveyed a few places.
For education, i will withdraw from KWSP, otherwise as what you mention, maybe PTPTN loan.
Actually, I am sharing my account with friends. husband and i using 1 account, and the other 3 account rented out to friends. So is spotify. You're right, my cost should be 13.75‬ for Netflix and 7.63 monthly for spotify
Wahed & Stash Away Malaysia.
Investment.

Hi, thank you. Referring to number 5, actually Im wanting to build the 6 months emergency fund in ASB.

After building that, I thought of reducing the loans which is the PL and the car. If possible, finish paying by end of next year (very tight but possible) so we can be financially free in 2022,
So for year 2022, we continue saving and partly will become our downpayment for a house, in 2023.

To be honest, when times were rough i thought of letting go the car. husband has a bike and I commute to work. We only use the car only on weekends. But husband adamant not to let go of the car in the past.
As of now I guess I will be driving back and forth to work since  covid.(Im a high risk as I have asthma)

Going through this thread, I can't help but feel there are so many ppl humblebragging here. Those earning >10k have no business sharing or pretend to ask for advice here, you are only bragging and trolling trying to make ppl here feel bad.

Earning > 10k, you are totally not in a pinch needing help managing money, you only need to not fuck up your business and income source, and don't waste money on lambo or mont kiara condo.

Hi all, I was wondering if anyone can help us to further save more and maybe earn more

Husband and i both 32 years old, SPM and working in Private Sector.
I work in finance sector, non bank
Husband work in property sector.

Breakdown

My Salary - 3968.1 (after deduction)
Husband salary - 2472.25 (after deduction)

Monthly deduction
Car - 471 (Axia, 7 year loan, ending March 2023)
Phone bills - 250.16‬ (combined)
Internet -147.34 (no choice, only Time in the place im renting,and i signup before they changed the package pricing  )
PTPTN -101.07
PL loan -382.53‬ (4 more years left, ending May 2024)
Rent  -1100
Insurance -221.7
NETFLIX -51
Spotify -22.9
Allowance -1300
Groceries -300
Wahed - 200 (total invest atm 600)
SAMY  - 300 (total invest atm 760)
Variable - 300 (for others such as, shopping, leisure etc)
Bal : 1,292.66‬

Cash in hand currently 7,662.85‬ (6k will put in ASB soon, the rest for emergency cash..currently only RM100 there, no loan)
My KWSP = 95,269.77‬
Hubs KWSP = 40,577.37

Long story short, we had a business before and didnt go well.
We just paid all the mess in Feb except for that 1 PL loan left
Also, we never knew how to save anyway due to no proper guidance.
We learn the hard way and now want to start from 0

Currently, both husband and I took the 7% EPF. I figure to put in ASB so our salary is + 442.3
I request to withdrew from KWSP I-lestari RM500 too, again this is to set aside cause both of us in high risk industry. So this will increase us to+500
(If all goes well, i pump it back in KWSP in Jan 2021)

I want to build the 6 months emergency funds in ASB and thought we could achieve this by end of year, but Covid happens and we are uncertain in the next few months if we still have job

I was thinking to do side job but husband dont quite agree. He asked to focus on full time work and dont want things to happen again in the past.
Also we quite comfy with current lifestyle

We dont have kids yet. Planning to buy house in 3 years down the road, as we want to build wealth first.
both parents well, dont need help from us.
Occasionally go out and belanja them dinner, normal place nandos or somewhere similar level, nothing fancy

I know we started late, but we are looking forward for any advice or comments on how we can build our wealth
TY

Age: 30
Pay: 4500nett | Allowance: 500-1k (from outstation work)

Monthly Expenses
Car: RM200 (maintenance/insurance/road tax)
Petrol: RM500
Food: RM300
Phone: RM55
ASB Loan: RM2100 (400k@35y)
Parents: RM200
Entertainment + Misc: RM200 min. varies up to RM800 (netflix/spotify/shopping etc)

Accessible On hand
ASB - RM30k
Cash- 15k

Debt
Credit card - cleared off remaining 5k last month since had some time during MCO to go though my finances

Car-settled in full

Cash savings are pretty low as I've only started working for the past 4years. Pretty much spent all my cash during my 1st year in the work force. Late last year I had a job change from my previous salary of RM3600 nett. both ASB has been going on for 26months. Definitely struggle abit last year due to my lower salary. Initially used ASB loan as a forced saving for myself.

This year I have additional funds to spend due to increment from new job.

Currently, I'm thinking of using 20-30k of my funds for a small business investment while I still have the mindset & flexibility to do it. Initial returns are looking at 6-8k from the stats of prev. franchise. however I project the initial profit to be 50% lower due to the recent covid.

other than that, would stocks be a good place to venture into? I'm looking to allocate about RM500-800 every other month into it.

Petrol fees are high as I opt to live with my parents rather than renting a space nearby. Looking to getting a property within the next 3 years.

Would be great to hear your thoughts. I'm looking to grow my finances while I can still manage some risk.

Hi! & Thanks in advance!

Age: Coming 44

Working: Manager

Salary: Use to get RM50K/m tax free (working overseas), RM22K/m in Malaysia and after 24 years working, applied VSS and now settle down with less burden work with a salary of almost to RM9k/m contract  (epf)with a Government agency.

Wife: Government officer (Gred 52) about 8k/m (pension scheme)

Children: A dotter of 16 years old.

Asset:-

EPF: RM1,127,092.45
ASNB: RM2,096,195.19
Total cash: RM3,223,287.64

Dividen per months from the above: RM12,750.00

Properties:-

1 Semi-d Shah Alam
2. Double Storey Terrace Sentul
3. Condominium in Cyberjaya
4. Banglow lot near Putrajaya
5. 1 acre kebun in Rembau
6. 1.12 acre kebun in Bukit Rambai

All above loans already finished.

Car: MYVI 2016, wife Proton Wira 2005 (Car loan already finished)

Monthly expenses for familu and self: RM4,000 (Food + Grocery + Electricity, etc etc)
Parent RM 300 ( My mom don’t want because her pension is 10K/m from government) But I still gift.
Rental RM 0
Car loan
Car Petrol - RM350 per month
Renew road tax + Car Insurance = RM125/month
Car Maintenance average RM200 per month
Insurance RM62.50 per month
Phone RM 120
Internet RM 138
PTPTN Loan Nil
Total Expenses Exclude Credit Card and Personal Loan Debt = 1000/m on CC for minyak and medical isurance premium.

Mininum Credit Card Payment Per Month = Nil

Who said makan gaji cannot become a millionaire. Just need to keep savings and kerak kasi kecil regardless you have big salary. We will not know when we will be retrench, vss or sick cannot work anymore.

Yang penting kerak kena kecil dan hidup di bawah kemampuan.

Keep liability to low such as cars, rumah juta-juta please avoid.

Pakaian buy at kamdar. Only kasut beli di sketchers because of overweight.

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..

Hi all, I was wondering if anyone can help us to further save more and maybe earn more

Going through this thread, I can't help but feel there are so many ppl humblebragging here. Those earning >10k have no business sharing or pretend to ask for advice here, you are only bragging and trolling trying to make ppl here feel bad.

Earning > 10k, you are totally not in a pinch needing help managing money, you only need to not fuck up your business and income source, and don't waste money on lambo or mont kiara condo.

Properties:-

1 Semi-d Shah Alam
2. Double Storey Terrace Sentul
3. Condominium in Cyberjaya
4. Banglow lot near Putrajaya
5. 1 acre kebun in Rembau
6. 1.12 acre kebun in Bukit Rambai

How much did you get a year from those rental income?