If you are good in selling, sell insurance. Insurance has the highest commission comparing to everything else. And, everyone need some kind of insurance.

Dreamer

Sorry bout that. I meant that if you bought a home, you wouldn't need to pay for rent so you'd save on 4800rm. To get 4800rm a year, and thus not need to pay for rent through your salary, you'd need (according to colorola's 4% FD) 120,000 in the bank. Furthermore, the dividend you'll get will be taxed, so that means that the chap who's renting the house to you is actually making a nice profit off you. You might want to shop about for a home yourself, but you'd have to consider the mortgage if it's applicable and all that nonsense. Try going to this other post by jasondotcom over here to which dreamer has also contributed.

I apologise if what I write doesn't make much sense but I'm lacking sleep, sorry.

I do not use that kind of formula. The formula and system that I use according to typical rent versus buy decision is based on a very simple assumption.

Does it cost more for you to rent or buy??

So, if it cost you $4,800 to rent a house, the house need to cost you less than $4,800 per year to own. Or else, it is NOT worthwhile to buy. You may be willing to pay a bit more but not a lot more.

Dreamer

o.i.c ...that 's how you earn your 100k ...

sorry for my statement prior posting ..

but .. this is a special advice ( if i may ) to you biilycomesback ,

with all the hard work while at oversea .. you had no clue what is the actual happening here in town be in penang or in KL ....


your 100k now seems no big deal at all ( at this Moment of time ).... cos ... the actual facts is that the 100K will be down to nothing in no time....

just an example ... buying a house .. 100K or lesst is hard to come by ...unless in a very very small town ..... so if you are looking for investment in buying an house ... forget it ....

and if your invest it on "money market" also.. forget it .. cos .. the return its slow .. and will not be able to support you in time ... and needing ....

buying a car ...??? you must be really think twice .. !!! .. your 100k will even burn fasting ...

but if you are buying a car for the job requirement ....
then can consider ... but still it will lead you nowhere ..

with a car available ... you may look for a "sales" job ... in any fields that suits you ... then you
are taking about RM2.5K or more ....

but the company can be "cina ah peh" company ... whom are paying cheap and does not bother about your SPM status....


even open up a "watan mee store " will burn half of your 100K ...



conclusion to this :: It will be better to "Jump the Plane" again and work hard for few more years to earn another 100 K


believe me my friends ..I am in the fields of works .. that has the exprinces seeing thousands of this people whom works overseas ( Jump plane) ... and the results is all the same ...


well ..!! i guess this is the price you pay in life .. remember .. the phrase : you win some , you lose some...

so good luck to you ... take care ....

use that 100k to start a hawker food stall in singapore. can earn 5k per month if im not mistaken

How bout investment?
I think RM100k is enough for u to do land banking. Land banking is always better than invest in condominium or other property as land value can grow rapidly if u work on it.

yeh, the rental can kill u fast if no customer. My aunt rent a small shop below the HDB Flat for S$10k p.m that's RM23,000 p.m selling clothes.

i'm considering dis too. 35% commision is very attractive. but never know wether i'm gud in selling becoz never do. haiya wat to do. no harm to try but is it worth my time to try

There are 100,000 insurance agents in Malaysia. Most will drop out after a while. You need to be really good at sales to make a living from insurance.

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Added on February 14, 2007, 8:51 pm

To save cost ... why not just register your marriage and organise a small dinner party where only the immediate families and closest friends are invited? That's what one of my friends did. But of course, your partner and relatives might not be too happy, since the concept of face is very important in Asia.



This post has been edited by Addicted2Money: Feb 14 2007, 08:53 PM

Mucklampir,

From my understanding, the commission is 130% to 140% of the first year premium. It is NOT 35%.

Dreamer

i mean not really a shop, i said food stall. not really sure how much is rent, but the profit sure can get SG$5 - 6k per month. especially busy place like chua chu kang, toa payoh..

although i duno much bout economy...but i think money changer and air ticket seller make quite a money...

still young n already have rm100k, salute to u bro..
if u are not a risk taker : put yr money in FD, ASW2020 0r ASN..
if u are not : Unit trust n Stock Market

Addicted2Money,

Agree with you in that there is a lot of competition. But, it is the same everywhere. Can you really find any profitable job that has NO competition?? The difference here is selling insurance is actually highly profitable comparing to MLM, unit trust and so on..

Dreamer

This is a major burden to people getting married. In the West, nobody cares about the size of the wedding.

may I ask why you came back since life seems greener for u on the other side...

every job also can make alot of money if u r best in it. Even grave digger, corpse collector, executioner also can make lots of money. Type of job is not important, most important is the attitude toward the job.

It is greener because I earn more, but the reason I saved so much is because I have no life there. I saved where I can and hardly spend on anything other than the necessary. There are other colleagues of mine that have worked outside their country for so long that they don't even see their children more than 2 weeks a year. It becomes like a self imposed prison because the money is so good, it would be crazy to quit their jobs and go back home at their education level. I don't want that kind of life, so I decided to come back early when I'm still young to start myself new so I don't fall into the same situation. Money isn't everything. It's a means to an end but it should never control your life.

Thanks for your advice dreamer101 and also empyreal regarding house buying. I've done some thinking as well about buying a house, it will be a hard decision but most likely will involve some kind of beneficial loans from banks which I have family working in. Still too early for that at the moment but your advice will be in my head of course. I won't increase my monthly expenditure too much just to pay for a house compared to renting a house. I'm wondering though, is it possible to pay the entire amount for the house? Is it worth it? Because if I can find a medium cost house, I might share it with a family member to pay for the entire house in full so no loans will be applied. Just wondering if it is a wise thing to do.

Don't think I'll do insurance selling to be honest. I have a habit of avoiding insurance agent friends, not that I don't like them, but I treat them the same like MLM friends. Just something I'll try not to do, unless I have tried every possibility. No offence to any agents out there, I respect your job as a provider of a service, I just don't feel comfortable with certain sales tactics that are questionable. Maybe just me and my suspicious outlook.

Regarding wedding, absolutely impossible to have a small dinner with immediate families. It would be a PR disaster for me and gf hahahaha. My side would probably think I'm such a 'scrooge' and her side would think I'm trying to hide the marriage from public like as though it is something wrong hahahaha. So it would be a reasonably sized dinner, nothing pompous or extravagant, just simple and easy. Just need to convince the other side to do the same....

I thought about that before but money changer is a definite no-no because the capital needed is too big. Air ticket seller sounds like a credible business since Air-travel in Malaysia will be broadening with Air-Asia selling cheap flights but then Air-asia doesn't have plane tickets. They just give you the booking number and thats it.


Maybe if I can't survive in Malaysia after trying then maybe I would consider the option of "jump plane" again. I've seen people make it with minimum wage, I believe I can too. But if it really is bad beyond my expectation, I will probably look for other opportunities elsewhere then.

reserch shows tat in japan alone a person hv 7 policies but in m'sia only 10 out of 3 ppl got insurance.
so start think bout it now!

This post has been edited by janice87: Feb 15 2007, 03:27 PM

but dun forget that the 7 ppl is mayb 5 is conservative and unwilling to buy insurance...there are such ppl....