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Personal Financial Management V3, It's all about managing your $$$
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ajin999
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Apr 2 2016, 05:44 PM
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Hi guys can give some advice on my financial :
Just started working Age 24 Nett income: RM3.5k
House rent: 225 Water + Electric : 170 ( Include parent house) Motorcycle loan: 431 Parents: 300 Phone + Internet : 140 Fuel : 80 Saving : 1364 Eat : 360 PTPTN : 80 Self spend + shopping : 350
Current Saving : Tabung Haji 3K ++
Planning to married next year.
Btw I'm thinking to invest some portion of my saving into high dividend stock. It is good idea or i need to save more before start investing ?
This post has been edited by ajin999: Apr 2 2016, 06:26 PM
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ajin999
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Apr 2 2016, 06:27 PM
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QUOTE(T231H @ Apr 2 2016, 06:17 PM) ok already fixed.
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ajin999
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Apr 2 2016, 07:15 PM
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QUOTE(T231H @ Apr 2 2016, 06:37 PM) normally, people would advise having some kind of "emergency" funds filled up before getting into investment. the amount of this emergency would have to "also" depends on your easy of getting another job of similar pay, your ease of getting loan from family members for those just incase situations.....(like yr bike kena major repair)...... and other considerations. btw,...you are looking into investment into high dividend stocks......found some articles about danger of high dividend stocks..... Everyone loves dividends, but reaching for yield can have disastrous consequences. http://www.fool.com/investing/general/2016...s-to-avoid.aspxThis Stock Has A High Yield Of 6%, But Are Its Dividends Safe? https://www.fool.sg/2016/03/11/this-stock-h...dividends-safe/just a note: there is always risks in investment...some are higher than others, and some may have changed over time..... thx bro. will read it
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ajin999
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Apr 4 2016, 12:04 AM
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QUOTE(Dividend Magic @ Apr 2 2016, 10:01 PM) You can and should start investing with as little as RM3K per transaction, ideally, the fees would be most efficiently utilised with RM7K - RM8K transactions. However, a majority of people just keep on procrastinating and end up not invsting until very late in life. I suggest you start right away at RM3K and reinvest those dividends. I'm a dividend lover myself but you gota do your homework as well. Don't just chase high yield stocks without knowing the company first. Start building your passive income (dividends) now. You're very young and with time and the magic of compounding on your side, you'll be able to be financially free faster than most people. I already read your blog and interested doing things like you. Can you give some guide on investing high dividend stock? Fyi i already have CDS account and buy some stock for experiment..but things not doing well. Btw thank you for your advice
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ajin999
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Jun 15 2017, 11:06 PM
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Gross income : RM 5,000 Net income : RM 4200
Monthly spending below:-
Medical Insurance : Company sponsor Me & Wife House Rental : RM 800 Mobile : RM 41 Parents + Wife : RM 600 Car / Motor : RM 431 Petrol : RM 100 EPP Phone : RM 164 House installment : - Food : RM 400 PTPTN : RM 100 Entertainment & Travel : RM 190
TOTAL Total Spending = RM 2826 Total Savings = RM 1374
Is this healthy?
What i can do more?
This post has been edited by ajin999: Jun 15 2017, 11:08 PM
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