Thanks dude. Will get those books and read. I guess it's time I start. Hopefully can strike lottery also.

gark,

Yea, as stated in my contract, I am on secondmend.
All payments including allowance and incentives are made in Malaysia.

Btw, I am in YTL, how bout you? Which company did you work during your oversea stints?

---

Added on May 4, 2010, 9:38 am

soul2soul,

You managed to save 5000nett/mth, how many % does that account to from your salary?
I understand that you are still a bachelor, and you don't plan to start a family.
With your age of 34, your pay is considered above average.

I think you may feel demotivated with the current job due to it's nature. Maybe because it is routined?







This post has been edited by stupidbump: May 4 2010, 09:38 AM

soul2soul,

Path to happiness is filled with CONTENTMENT. Kiddo, you are long way from ENLIGHTENMENT.

My uncle A won the lottery 3 times. My cousin inherited a few hundred acres of Palm Oil Plantation from my uncles and NEVER have to work. He drunk himself to death at 43. Died of kidney failure. Wife and kids left him long ago.

My uncle B was a poor rice farmer. Family work together on the Palm Oil business. My cousins never enter high school. They ONLY have SRJK© education. They worked hard and they are rich now. Family still work and stay together.

This is Karma.....

If you do not EARN it, you do not get to KEEP it, You will not appreciate it and you will lose it eventually.


<< http://www.101zenstories.com/index.php?story=31

Everything is Best

When Banzan was walking through a market he overheard a conversation between a butcher and his customer.

"Give me the best piece of meat you have," said the customer.

"Everything in my shop is the best," replied the butcher. "You cannot find here any piece of meat that is not the best."

At these words Banzan became enlightened.>>

Dreamer

Dear stupid bump,

About 70% of my salary I am able to save. I am a frugal person, I live simple life. Yes my work is routined, and it's commissioned based and it's very busy. I don't like to be so busy but my company really uses me kao-kao and I got a bit tired. Tendered my resignation a few months ago, but retracted when they promise a higher pay. But I don't see myself getting happier with this. With more pay = more work = more busy = more stress.

Initially I planned to quit this job, and take a few months break. I figured I got enough cash reserve to take a well deserved break for a few months. But then again, my company allowed me to take 2 months unpaid leave ... hmm...

This post has been edited by soul2soul: May 4 2010, 09:49 AM

soul2soul,

Making a wild guess, you are in sales?
If that's true, your income is propotional with your monthly sales?
More sales, more money; No sales, no money?

This post has been edited by stupidbump: May 4 2010, 09:53 AM

If you always compare with others, you will never be happy and satisfied. But of course it will make u more competitive. There are many poorer ones in their 30s struggling to feed their family. Just keep in mind not many ppl at your age can save 5k a month.

Jobs are just jobs. They are all the same. You get bored or become 'routined' after a few months at the same job. Maybe u should have some hobbies. Or make investment your saving your part time job/hobbies. Go and read up first, test your skills first before you commit your asset fully. There's no easy way to earn money, either you work hard or work smart, or better, both.

Dont quit your job to study. Do it after work. You need your stable income to generate more capital. I am no financial guru, but that's how I do it.

This post has been edited by newbie99: May 4 2010, 10:01 AM

Yes. haih, that's the part I dislike very much. I work on saturdays half-day too. So you can imagine my quality of life. Sometimes have to work on weekends. Haih. PUblic holidays too if they lack staffs.

Anyway, how would you have invested with 5K a month? buy a house ? buy stocks? How about property?



This post has been edited by soul2soul: May 4 2010, 04:00 PM

soul2soul,

Everything should start from the very basic and fundamentals.
Myself is still a novice in terms of investments.
My dad is quite a good mentor though. But at times I could be more aggresive as I have higher risk tolerance.

I started investing in Trust Funds when I was 19. Went into stocks at 21.
And at 26, I am still not confident with my knowledge in these.

Your 3rd point sometimes comes into my mind as well, that's why the thinking of buying a better car arised.

At present I have no intention to attain FIRE as what Dreamer quoted.
Maybe due to the age gap difference.

So hard work = more pay, the world is always like this, you work less you get paid less. There is no free lunch in this world.

During project or commissioning period our team occasionally works 16 hours a day, 7 days a week for like 2-3 months. Everyone tend to look like zombies during this period. But we work hard and then we play hard.

Go take a long vacation if you think your work is getting into you and de-stress for a little bit. Put a small portion of your income as your 'luxury' money and let it accumulate month by month. This way you will have some funds for enjoying yourself but will not feel guilty about it. Life is about balance.

---

Added on May 4, 2010, 12:08 pmThere is no right or wrong investment, everyone have their own styles or risk tolerance. Every investment has it's place and time, sometimes certain investment will perform for a certain period and then fail for several period depending on it's risk factor. There is no bad or good investment.

Sounds like you are impatient to invest yet you do not know where to go and wants everything. This is the easiest way for you to lose your shirt. Investment must start with a plan and target and then you will need to see through with your plan for the longer term. Do you want capital appreciation? Do you want Income? Do you want interest?

Before you venture into any investment, you must know yourselves first, especially on your objectives and risk tolerance. Read up on the investment you are interested in and do extensive research before you buy, never be greedy and follow the crowd, have an original thinking of your own. Once you are ready and confident to invest you will know. Good Luck.

This post has been edited by gark: May 4 2010, 12:12 PM

I dunno whether it is allowed or not to do this at here........if it is not allowed just delete my post......

I am an wealth planner which planning the financial issue for whole family or individual so that they wont face any financial problem in the future......

Basically, what i provided is one account that include saving, investment, medical card and insurance which i think it is necessary for everyone. The investment in this account do give high return of about 10% per annum but is not guaranteed, which I think it is better to invest here rather than put the money into other place which give low interest rate.

BTW, if any further information needed or you interest of this account, you can PM me or CALL me for any inquiry or appointment to meet up and I will explain everything for you.
Thanks.

Vincent Tee
016-6668600
email : winter_win88@hotmail.com

This post has been edited by yw88: May 4 2010, 08:12 PM

yw88,

If you can DELIVER 10% annual return, why do you NEED any customer?? You can take a bank loan and make yourself RICH.

This is the PROBLEM that I have with this kind of post.

This is call "Bait and Switch" sales tactic.

Bait -> You tell people that benefit -> Huge profit, XXX percent and so on..

But,

Switch -> You do not tell people the cost and risk until people get caught and it is TOO LATE.

If you are NOT confident enough to tell people the WHOLE PICTURE, DO NOT SELL!!!

It is VERY SIMPLE.

1) If you CANNOT DELIVER 10% annual return to yourself, what is the LIKELIHOOD that you can do it for OTHERS.

2) If you CAN DELIVER 10% annual return to yourself, you DO NOT NEED customer

It is just take a bit of COMMON SENSE to see through this kind of BS.

Dreamer

Wah! So straight forward! No face saving chance.

---

Added on May 4, 2010, 7:22 pmIs your 10% guaranteed? whether the market is up or down?

This post has been edited by newbie99: May 4 2010, 07:22 PM

IF it is investment linked product from Life Insurance Companies, YOUR RATE could exceed the guidelines given by BNM . Otherwise , could come under the best possible scenario. This is only one part ( not the whole story ) of the presentations. BTW Unit Trust Investments would not promise people the return of 10% per year, after paying for the medical premium IF any.

Meaning, you and or your company could be fined too by BNM , if reported.

And I think you are very new in your job and investing world , so much more aggressive in a way.

Anyway, I wish you Best of Luck .

This post has been edited by SKY 1809: May 4 2010, 07:36 PM

of course the 10% is not guaranteed ...but based on our company previous performance, its actual return is more than 10% per annum.
OK, I din state clear here and that is why there is a need of appointment to make it clear. It is basically an investment linked account which must include insurance. And the portion of insurance and investment is 1 to 5, which mean u can invest RM500 per month with RM100 insurance per month.

BTW, personal loan is 12% per annum and i dont think i will purposely loan to invest lo.

Corrected.

Past year performance does not really matter. Eg anyone who bought shares last year would have gotten at least 50% return, when the world economy recovered from global financial crisis. It does not indicate it will perform close to that this year. It all depends on where u take the starting point in your calculation when u calculate the % return.

IF it is not guaranteed , then can use any " forecast" rate. 20% or more.

BUT FOR MARKETING ANY INVESTMENT PRODUCTS, THE AGENTS NEED TO WARN INVESTORS THAT THEIR INVESTMENTS MIGHT SUFFER LOSSES IN THE FUTURE TOO.

That is a fair statement, and shall be disclosed willingly.

---

Added on May 4, 2010, 7:53 pmThe fundamental essence of an insurance policy is to give PROTECTION. Investment is secondary.

Trying to sell AS IF it is better than Unit Trust, people would know how to judge according.

Consumers could be better educated than the agents , commonly in Malaysia.

This post has been edited by SKY 1809: May 4 2010, 07:53 PM

EXACTLY! I hate agents coming to me, telling me good stories, without painting the real picture. It's just a waste of time. I would like to know the downside of the policy rather than the benefits. Most agents, oh well, at least the ones that come to me, just trying to con their way through.. and that's what I hate most. Never do their homework and think that i am an uneducated old man that doesnt know anything..

well....thks for the information and i agreed with u that i am NEW in this industry......thks for teaching me so i wont make this mistake in the future.
I know BNM stated that all Insurance company using 9% and 2% for forecast, the 10% is just what i said to attract customer because the actual return realli got 10% mah. BTW, i shouldn't be so aggressive since i am just a newbie........

yw88,

<<the 10% is just what i said to attract customer because the actual return realli got 10% mah. BTW, i shouldn't be so aggressive since i am just a newbie.......>>

Just a FRIENDLY advice. What you said DID NOT attract customer. In fact, it QUICKLY show that you are NEWBIE and you have NO IDEA what you are selling and how to sell.

Dreamer