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

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HumbleBF
post May 6 2020, 05:19 PM

On my way
****
Junior Member
501 posts

Joined: Apr 2020
Wow...most of you guys successful at young age...I think I gg man...

Age: 24
Jobless since April, worked for 2 years.


(Normal life before Covid-19)
Monthly Expenses:
Food: 300 ~ 500
Phone bill: 30 (U mobile unlimited data)
PTPTN : 195.50
Medical Insurance : 150
Housing Utilities : 120
Give Mum allowance : 200
Car petrol : Covered by previous company otherwise around 300~400

Total Expenses before covid : about RM 1k~ RM1.2k

Cash on hand : 9,327.77
FD : 3,124.5
PRS : 2,000
EPF : 18,193.05
Stocks : 3,000

Total Assets : 35k

Total Liabilities PTPTN : About 26k left

I live with parents right now, car using secondhand car already paid off...now my concern is to find a job that pays me well...sad that i quit my job then covid happens. mega_shok.gif No choice now need to look forward ba
HumbleBF
post May 7 2020, 05:41 PM

On my way
****
Junior Member
501 posts

Joined: Apr 2020
QUOTE(woonsc @ May 7 2020, 08:19 AM)
Don't give up start applying
*
Started already... but this time I want to choose the right job


QUOTE(victorian @ May 7 2020, 08:24 AM)
Your EPF is quite high, have you worked for 2 years now?

Any reason for quitting your previous job before securing another one?
*
Worked for 21 months to be exact. 1st company 15 months 2nd company 6 months.

1st company worked in a start-up. Well my boss has no prior experience in doing this industry (construction) but decided to jump in. Boss main business was a tech company, which I jumped from that tech company to here. As time passed I realize the commission they calculated went wrong every month, and brought up to them at the end they are unable to disburse back the comm owed to me(I brought in the most sales during my period here, which means a few thousands gone sad.gif )....then they have a new structure for comm calculations. Oh btw, this company no bonus, no one received bonus before. So i decide to leave.

2nd company worked as cold hard sales in start up again. False promises here again as boss promise X% comm but give 10% lower than promised. But the main reason I left was that they are many problems with the service, and they decided to just brush it off. The company has only hired 2 person which I am one of them and the only one doing sales which gets me lost easily. Company operated for 1-2 years and making losses every month, however they have other business to cover . But I could not take it as I see no future here.

Think maybe start-up not suitable for me...I'm applying to corporate right now hopefully land a role in finance. Problem is my work experience is all sales and it seems like no future sad.gif . I'll think I will start fresh in another role other than sales.

HumbleBF
post May 10 2020, 01:48 PM

On my way
****
Junior Member
501 posts

Joined: Apr 2020
QUOTE(hksgmy @ May 10 2020, 01:27 PM)
Yes, my wife and I’ve been lucky to both share decent salaries coupled with frugal habits. And we have also been lucky with some of our property purchases, before all these additional stamp buyers duties and taxes came into force.

Overall, we’ve started investing in IG bonds and blue chip stocks for the past decade or so, after we paid off all our property purchases in Singapore and Australia. All our properties are mortgage-free and are tenanted, which also makes for a good passive income stream.

Both my wife and I are a couple of years away from turning 50, so I believe we are much older than most of you here.

Good luck!
*
May i know at what age have you started working in the workforce? and what age did you start investing in properties?

 

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