Here my situation,

Just moved in to my new house and already fork out 50k for furnishing, kitchen etc.

Fully paid my car this month. No loan except house loan now.
Simple said, now my wife and I can save RM4k-5k permonth.
I have about 25k saving (tabung haji) and my wife about 50k saving (mainly in KWSP).

Both working as government servant with decent salaries (gross RM13k combined, yearly increment about RM600 combined)

How can we manage our financial better? Been doing online part time business but the profit not much and time limitation because having a baby.
Just wondering how you guys can do so much works. Any tips on time management?

And also wondering why you guys said insurance is useless? Health insurance particularly?
Because yes if you dont get sick it pretty wasted but mine have saving. Also got case one of my friend been hospitalized and the total bills worth RM15k been settled by insurance.

Thinking into investment or properties. But still dont have gut to do it because of the risks.

My target is to retire by age 40 with 20k passive income and all i can think that can achieve this is by investment and properties

Hello,

Currently i came across this idea of quitting my job and start my own business. Currently work as pharmacist in gov sector. Reason is I dont quite like the idea of reshuffling the workplace as this will disturb the whole timing of my daily routine/activity.

I dont know if this is the right thread to ask. But here are the pros and cons from my point of view:

Continue working as gov servant:
The pros:-

I can continue enjoying gov health benefit, 4% flat rate housing loan.
6k salary for 6 years working. Not a bad pay. The increment also not bad.
Pension benefit.
More secure.

The cons:-

Saya yang menurut perintah. If suddenly they want me to work somewhere else then nothing I can do about it
And if that place is operating 24h so meaning there will be night shift and less family time.


Quit and open my own pharmacy:
The pros:-

More flexible with my time. No more 8am-5pm routine.
With the right location, the salary can easily triple my current one.

The cons:-

Not secure. Risk of failing is there.
Lost all the benefit from working with gov.


What you guys think? And want to get advice from people with business background here, if i want to open my own pharmacy, what i need to learn first before starting up my own? As for now, except managing inventory i dont have any fundamental skills or knowledges in pharmacy business.

Let me know if my question is not suitable in this thread.

Thanks.