QUOTE(DerekKuah @ Jun 11 2007, 07:55 PM)
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To share my experience here>>>
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On that year i replan my onother 5 years plan with calloborate with my carrer path. With these investment i had no any commitment somehow i gained pure interest form my FD(yearly abt 3k) & also monthly saving from my salary(no commitment as my car was paid in cash). For info my starting pay is Rm2k(for my first job). After 1 1/2 year i jump to new company with the higher salary (Rm4k) till current at age of 26. Within the year without any commitment i able to save abt Rm20K. Till to my new job i change my old car & started to have commitment into buying a new car(altis)....Till now im working in a mNC company & more stable career & somehow now only starting to eyes on some investment but not to house yet. I will only buy a house when my salary achieve Rm6k...Dont alwis drag urself when ur income is just sufficient only for a car & a house. Sometimes we dont know where is out career will end up with if we so fast buy a house & end up ur house us at north & ur working is at south.
Hope this can share with you.
Derek/Billycomeback:To share my experience here>>>
....
On that year i replan my onother 5 years plan with calloborate with my carrer path. With these investment i had no any commitment somehow i gained pure interest form my FD(yearly abt 3k) & also monthly saving from my salary(no commitment as my car was paid in cash). For info my starting pay is Rm2k(for my first job). After 1 1/2 year i jump to new company with the higher salary (Rm4k) till current at age of 26. Within the year without any commitment i able to save abt Rm20K. Till to my new job i change my old car & started to have commitment into buying a new car(altis)....Till now im working in a mNC company & more stable career & somehow now only starting to eyes on some investment but not to house yet. I will only buy a house when my salary achieve Rm6k...Dont alwis drag urself when ur income is just sufficient only for a car & a house. Sometimes we dont know where is out career will end up with if we so fast buy a house & end up ur house us at north & ur working is at south.
Hope this can share with you.
Say if you have 100K in FD that will earn you 3k/year, but don't you have to pay taxes on your interests too since it is your income as well?
This post has been edited by netfan: Jun 12 2007, 12:58 PM
Jun 12 2007, 12:53 PM
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