QUOTE(alexcky @ Mar 18 2014, 09:44 PM)
i would like to join as well! count me in,!My Thrill of Earning RM50k a month, I want to share how I did it
My Thrill of Earning RM50k a month, I want to share how I did it
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Apr 23 2014, 01:53 PM
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Junior Member
63 posts Joined: Nov 2005 |
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Apr 23 2014, 02:59 PM
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Senior Member
5,691 posts Joined: Mar 2006 |
QUOTE(Fiona Chin @ Mar 31 2014, 11:43 AM) EPF contribution doesn't have a ceiling cap? Malaysia one don't have cap. |
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Apr 23 2014, 06:07 PM
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Senior Member
503 posts Joined: Jun 2008 |
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Apr 23 2014, 08:34 PM
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Senior Member
6,624 posts Joined: Jul 2006 From: singapore & ipoh |
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Apr 23 2014, 08:44 PM
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Senior Member
515 posts Joined: Jan 2005 |
QUOTE(Jadedbanker @ Mar 30 2014, 02:22 PM) RM50k a month sounds like a lot but in actual fact is not a lot. Ppl wants increased with their income and 50k a month will not go very far... no lar, your budget is really too much...even driving a lambo, you wont use 2k a month in petrol etcGross salary :50,000 EPF deduction 5,500) (11% of income) Tax : (11,000) (circa 22% of income) Housing loan : (10,000) ( 2 million loan at 4.5% for 30 years) before ppl bashed me saying don't need a 2m house, note that at today's price, 2m - 2.5m don't actually buy you that much. A semi d in puchong is already around 2m 2 cars 4,000) (one car around 350k (audi a6/5 series) and another 80k car) Car running costs (2,000) (petrol, toll, parking, insurance etc) Utilities (1,500) (electricity, water, Astro, broadband, 2 handphones (own + wife) Private school fees (2,000) (2 kids at 1,000 a month) Wife and household allowances, insurance (3,000) Kids allowance (1,000) Own spending (2,000) Net for savings and holiday etc. : 8,000 So there's actually not much left 8,000 a month is only 96k a year and it will take you 10 years to save a million ringgit. And have not include the children tertiary education fund. you are also assuming the wife doesnt work, in most modern families, the wife would work as well, no matter how much the husband brings in. 1k kids allowance? thats the road to bringing up very very spoilt bratty kids. Private school fees. You will be surprised, many HNWIs send thier kids to SRJKC, not all send to gardens/KTJ/alice smith etc |
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Apr 24 2014, 03:08 PM
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Senior Member
1,172 posts Joined: Apr 2013 From: Singapore / Sabah |
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