Settle your personal loan first. At least you still have extra Rm1.8k monthly to enjoy your life and less worried.

Your property still can appreciate slowly. But try to rent it out or sell off your property.

This post has been edited by bcteh: Nov 11 2014, 02:59 PM

Is grey area...

90% DSR?? what did you eat everyday bro? don't have money for entertainment la like this..

Ask your wife to help you since she insisted cannot rent out the house. Otherwise you got to sell the house.

You seem confident on your holding potential.

Don't underestimate the potential loss of income though.

Many people overestimate their ability to survive on a monthly income with no buffer, but a loss of income can lead to disastrous results.

Keep that in mind.

If you don't have any kind of liquidity besides the 50k, I would suggest to put that in short term, high liquidity investment product like FD.

If you already have a buffer and the 50k is discretionary, pay down the personal loan first.

loan for fun
coz interest rate low.
the bank officer keep calling me for the loan

thanks, learn a new trick

i come across a will that can transfer the asset to yr love 1 in just 2 week

ya.. thanks for yr analysis. i need to make up a better financial status . coz considering to do business later on. need to improve the credit rating

i took the PL not becoz i need it, i just take it becoz interest rate is low

technically is zero..

wife no issue- not much debt.

thanks for the intelligent discussion.
i had learned alot from u guys
there will be alot of solution to 1 problem. i will now had alot of choices base on yr feedback/suggestion

i will choose 1 which is the best for me at this moment.

thanks

hi what do u meant by that?

from what i read.... TS shud dump the 41k to a HUBLOT

good holding power = talk co** here...

Who mislead you that insurance is a must? But indeed you need if everyday you are eating junk since you will need to visit doctors often.
But if you eat food and do exercise everyday, then you no need to see doctor, thus no need insurance.
To free money up, use your rm50k to settle personal loan, balance to FD. rm17000 can yield some interest every month and you have extra rm1815 to use.
Cancel the insurance policy, another rm600 a month. This rm600 you shall open another account and keep there. Only use for emergency.
Dispose or rent out either of your property

How much is your insurance premium per month? 10% or more of your net income?

car for 1.8k per month, must be benz or BMW or some Porsche , u lived a good life, time to pay your debt boy. =X

Haha

Well, u are already in a hole u cannot come out from.... why not dig deeper?
Refinance both houses and dump into by 2 more houses/condos.
So you hv 4 hs ... rent it out

Only when you got into REAL financial problem. Come back here for advise again.

Houses say only good price but damn difficult to sell. Have to depend more and more bigger fools to buy in order to boost the price upwards. Want to rent out also lousy rate when compared to condos. Also not very popular with people looking for places to rent.

Aiyo guys

TS is not in a trouble at all (he thinks)
He already said he is "well supported" (papa mama loaded with $$$ kot)
U all give him A B C D E F advices, he also not keen to listen also

He just want "optimum way to use his RM50K cash"

Just let this thread die and help only ppl with REAL problems that deserve help

This post has been edited by Pink Spider: Nov 12 2014, 01:38 PM