Hi advise needed,

Currently my portfolio, I'm 33 yrs old.
2 prop in kl.
1) 1st gng landed prop own stay fully paid acquire at year 2006.
2) 2nd prop service apartment acquire at year 2012, 10% down, 40% cash on hand in Malaysia fd. (under construction dibs scheme) - for rental income.

Income
1) Annual around RM 250k - 300k, monthly around RM15k (in sg)
2) Some shares around RM50k(slow growing sum montly) at 5% dividend.

Expenses
1) Tax monthly RM 2600, rental RM 2000,
2) Wife RM 2500,
3) Parents RM 1200.
4) Personal expenses around RM 2000

I'm thinking of leaving sg and move back to Malaysia once I fully paid my 2nd prop as wife just pregnant. Due unable to acquire property in sg and dislike the concept of living in bird cage.

If in Malaysia,

Income expected:
1) Annual income after tax around RM120k
2) Monthly around RM10k.
3) Expected rental income around RM2.5k

Expenses expected:
1) Wife RM 2k
2) Baby RM 1k
3) Parents RM 1.2k
4) Personal expenses RM 2k

I totally do not have any ideas on how to survive in Malaysia as I work in Singapore once graduate. Besides my wife constantly nagging why need to stay small rented flat, since we have baby coming soon. Shall I stay or shall I move back to Malaysia?

This post has been edited by re_freako: Jul 13 2014, 08:40 AM

In sg I spent around sgd4k. Hard to reduce. Reminds me of robert kiyosaki. Poor dad, earn more tax more liability more. Need to find ways to escape this rat race is tough.

This post has been edited by re_freako: Jul 14 2014, 09:36 PM

My passive income not enough. Might sell my 3 storey landed and break it into 3 self funded condo, rig it to the point of breakeven from rental enuff already. Increase monthly income in Malaysia means increase personal tax. As for my wife she interested in business but I got no confident in her business skill yet. Just take care kids okie already. Also help me to offset my tax. Malaysia tax is super scary, earn little pay a lot of percent. Now my tax hit around RM 26K per annum in sg. If in Malaysia I do not know how much it will cost.

Currently house around 1.2mil. Break into 400k 3 portion.( estimated 70% of unit price. By that time total 4 condo. 2 at 70% paid, 1 at 100% paid, final 1 for own stay. Monthly income still Rm10k. Car full paid Normal japan car. Should be able to withstand any storm even all unit nobody rent. I just want to generate asset during retirement. I'm not spendthrift type. The estimation if expenses is 10% extra of what i would spend. The income quoted is 10% lower then what I earn. I never over optimistic in my calculation. Just thinking my wealth progression suddenly become so slow after married.

Based on your post I like your LIFEstyle.

This post has been edited by re_freako: Jul 15 2014, 03:33 PM

Last time I saw some where the percentage ladder SGD 100k around 6k tax. More than 1st 120k around 8k. Subsequent at 15%. More than that will be higher. Last time see website Malaysia at rm100k need to pay rm14.7k.

U save a lot of financial trouble for being gay. If I were to be u, I throw in rm700k into a good condominium by not taking loan. Monthly rental shall let you have 26k per annum while you still enjoy capital appreciation in long run.

This post has been edited by re_freako: Jul 19 2014, 09:35 AM