Showtime747... you got your answer de
The last line about authority... works pretty well in well developed countries. Thats why I never questioned your brother's risk appetite, or his financial success in accumulating assets etc... His risk adverse strat works perfectly when the real return is positive (even though its small in percentage- his high networth offsets it).

In Msia... I think we should be smarter than just accepting the govt's facts on inflation.

(and pretty much everything else)... saving since young to buy diamond rings? Saving RM3k EACH DAY since birth?

Inflation is easily high possibility more than 3.5%. Wongmunkeong help me out if showtime still blur k?

Guys, I just get a new Debt last few weeks - Myvi

My current working monthly payment around RM2.4k per month, plus allowance RM1.6k (since is partner company, so i cant simply take money), so normally i would take up around RM4k nett

Here is my current Budget list

1. House loan share with sister - RM500
2. Utilities(H/p,Unifi, Electrical, Water, Maintenance) - RM550
3. Food ( 99% eat outside) - RM600
4. Entertainment (smoking, Movie, Shopping, Drink, Party) (Tried hard to quit smoking, mostly over budget on this) - RM300
5. Car loan (myvi) - RM550
7. Car petrol - 300
8. [Financial] kampung 会钱 (kind of gathering of kampung ppl money, who need money, who tender it, some ppl might know how it work here) - RM500
9. [Financial] Share - Very depends on how much left, my budget is RM500, but mostly, less than 100 cuz spend over on Entertainment
10. Parents - RM200

For some reason, i am taking around RM4k from company monthly, so let assuming i am not taking more in this 2 years...

is that a better way to reduce my expenses so that i can save more on my share portfolio

here is some reason i choose share, becuz fix deposit offer too low %, mutual fund is not under my control(either need in cash or the invest %)

i have no idea on all of this already, maybe just a share what KL single people expenses....
to survive, i can do that
to live lively~ i dont think so

That what is not inflation la bro.

Please reread what you have just typed. You are saying expenditure increase 50%. Cos from 2012 to 2013 for sure you bought MORE items. If its exactly the same items in same amount, yes inflation would have been 50%.

would like to suggest go google or yahoo for the meaning of "inflation", then read it up and try to understand the meaning of it. 

Thanks guys for clearing it up for our newcomer.

Let's all learn n develop together 

Recently there is low uptake of msian bonds due to concern bank negara will revise their lending rate upwards... Any comment on that? I know lots of people barely meet monthly payments for properties. if it goes up... 

Hi all,

Not sure if I am the right place to seek for guidance. 

Anyways, I am currently a full time employee in the [undisclosed] profession.

I intend to build up my income on paper by additional RM2,000+- / month (at least for the 1st year) by setting up an enterprise. The nature of business would be provision of business consulting services. 

As my real income i.e. salary increases annually, I will also increase the revenue of my enterprise gradually. This will show some kind of growth in my so called "business".

Let's just say the purpose is to build a strong personal financial record for my future business, investments which may require financing from the banks or purchase of own property.

Any advice for and against such move?
Any major tax impact if I were to do so?
Any legal consequences / risks to consider?

Appreciate and many thanks in advance.

Alright we are on the same boat then.    welcome...

Your fight is not with me. No need to compare epeen size here. The others n myself have shared our views.

Stick with the topic.

Any further aggression will not be tolerated.