Oh okay. Didn't know that rate is considered promotional rate.

BSN Bank - Fixed Deposits/ CM Deposit-I Account. Minimum Fresh Fund RM1K. Promo until 31 March 2016. - Contributed by yowhoong

12 months - 4.50%p.a.
60 months - 4.75%p.a.


This do look like a good deal.

Just a share on EPF and how much a "typical" employee may accumulate.
Assumptions used:
Starts working: 23
Retires: 60
Starting Gross Salary: $2,500 pm

Increment pa: 5%
Increment month: Jan
Bonus pa: 2 months' gross salary
Bonus month: Dec

End result: $2M+

Imagine if spouse +self, if managed properly...
Goal of this share:
a. Even if so-so earnings, not bad leh IF manage expenses well
b. Tool for own projections / visualization

Just a thought - no absolute right/wrong.
Note - U can copy/download the google sheet and play with the variables in YELLOW CELLS to project / visualize your own data at your own privacy.

https://docs.google.com/spreadsheets/d/1XN5...dit?usp=sharing
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AssUme-d ma, for projections.

usual folks jump here there, get more than 5% pay increase pa.
usual folks that stays around get 3% to 10%+ (no new post vs new post)
thus, since it's a projection, take near inflation rate lor

IF my gross salary's long term increment < general inflation (don't lar pick atas punye inflation) for several years, i'd look for better offerings right?
OR do i just sit there and accept "fate"?

Also, one can take the spreadsheet and monkey around with the variables to fit one's specific situation to "see see", right?

ya - nowadays...
nowadays = past 2-3 years?
vs
30+ years of slogging/work ma - thus, averaging out, still pessimistically optimistic lor that 5%pa increment.

again, it's just an assumption by me, pessimistically optimistic
if one is dreaming (heheh jibe at dreamer) pessimistically only, then can adjust the % and see the downside
OR do like what dreamer did, went to where it pays more and not wait for fate 

+1. that kinda of high hope and good feeling about future back in 199x no more.... but future's looking dim.

Of course la. As I said long time ago, never hand them ready money as they will never appreciate it. Hand them ready money,  be prepared to watch them spend it all away. Why?  They never learn the value of money.

Make them work for it. Then only they will appreciate it and want it.  If they never tasted hard life,  they will think ah, for what want to learn so much/manage this and that when I have ready money waiting for me. Make them work for it and you will see the difference.

That's normal human nature. That's why there is a Chinese saying, money never last more than 3 generations.

Can I sign up for this handing down of investment-knowledge? Will happily share my life story (in private) lol

Not if the place you need to pay cash doesn't accept CC.

Mana I tahu ada fees. Thought is just normal payment few days later.

Hi all,

I'd like to seek advise from you guys. To. See if I miss any major areas in planning for my finances.

I'm 32, married with a kid.

My monthly pay is 10.6k

My expenses are :

1. House 2.5k
2. Car 1: 1.3k wife use
3. Car 2 : 400 own use
4. Insurance 1k for the 3 of us
5. Household : 500
6. Utilities : 100 +20
7. TM: 147
8. Digi : 53
9. House 2: 800 ( will dispose by year end)
10. Epf 1166
11. Pcb : 1.3k
12. Kid daycare 350
13. Petrol : 350

Wife earning 2k per month but I am letting her use it for her own

By year end, I am expected to receive 100k from the sale of the house, and by March next year expected 30k bonus.

My question is that, what is the better use for the 100k?

1. Use the 100k to pay off all the car loan?
This will free up around 2.5k of monthly cash flow
1.3k +400+800 (disposal of House)

2. Keep the 100k, put in ASB, earn 6k per year

3. Sell off expensive car, get a cheaper one. But have to bear the loss of selling while under loan. Currently hrv, planning either city or myvi or persona

I'm not a very good investor, very bad at it.

Any advise?

Post like that must give a bit more detail/pointer right =)

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

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.

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.

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.

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.