Apr 29 2015, 11:48 PM
QUOTE(Musikl @ Apr 28 2015, 05:27 PM)
Hey everyone,
Need some opinions.
Heres my status,
Main Income
Net income: RM 3900 (just started work, 1 year in june)
Expenses
Personal Loan: RM 1136/m (100k, 10 years)
ASB Loan: RM568/m (100k,30years)
Commuting: RM 540/month (trains/fuel/parking)
Car maintenance/service: RM 100/month (using gramma's unsused car)
Maxis: RM 100/month
Food: RM 800/month (inc. parents dinner)
Brother's insurance: RM 200/month (self insurance under company)
Gym: RM175/month (this is abit high but i do enjoy the luxury)
Enterntainment: RM 50/month
Side Income
Bussiness A: min. RM 2000/month
Business B: min. RM 300/m
Investment A: RM 550/month (was RM1400, but then they had to restructure thier program and I lost some confidence, so i took out 60% of capital)
Investment B (ASB): Expected about RM 8500 for this year.
I am planning to buy an appartment in 1-2 years time for own stay. Am I on the right track? From my calculation, if everything run smooth. I should be getting all my capital in 2 years, and should have enough deposit for a 500k apartment.
Your loans seems substantial compare to your income. Your expenses list is short due to the support from your parents, hence you dont feel theres much commitment. Nevertheless, Your expenses will grow along the way. I doubt your entertainment will maintain at RM50.00. Being independant on your own including your own house will inccur new living expenses. Need some opinions.
Heres my status,
Main Income
Net income: RM 3900 (just started work, 1 year in june)
Expenses
Personal Loan: RM 1136/m (100k, 10 years)
ASB Loan: RM568/m (100k,30years)
Commuting: RM 540/month (trains/fuel/parking)
Car maintenance/service: RM 100/month (using gramma's unsused car)
Maxis: RM 100/month
Food: RM 800/month (inc. parents dinner)
Brother's insurance: RM 200/month (self insurance under company)
Gym: RM175/month (this is abit high but i do enjoy the luxury)
Enterntainment: RM 50/month
Side Income
Bussiness A: min. RM 2000/month
Business B: min. RM 300/m
Investment A: RM 550/month (was RM1400, but then they had to restructure thier program and I lost some confidence, so i took out 60% of capital)
Investment B (ASB): Expected about RM 8500 for this year.
I am planning to buy an appartment in 1-2 years time for own stay. Am I on the right track? From my calculation, if everything run smooth. I should be getting all my capital in 2 years, and should have enough deposit for a 500k apartment.
Keep your list of expenses real and be strict managing your 100K. Its easy to side track and influenced by friends, relationship and life style
I would encourage you to develop OD facilities for your side business.
This post has been edited by Sacrifies: Apr 29 2015, 11:53 PM
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