great , u r genius. tht's called financially doomed.

Awesome achievement! You're saving a substantial portion of your salary, which is one way of achieving independence. Make hay while the sun shines, as things may change once you commit yourself to a mortgage, have kids etc.

Financial independence usually means that you can live off your savings/assets i.e. you have so much savings/assets that generate you interest, dividends, income that you can live on.

Say you have RM10 million in the bank, which generates RM400k in interest annually. You then live off that interest, and never have to work or worry about your finances. That's being independent. How much you need to be independent is completely subjective and relative to your current and future needs.

Typically for a finance student, you need to know where and how to look for a job. Often most finance or/and Economics students give up because on their line because of the failure to do the above.

There are 3 main variants of Analysts in the business world. 1. Accounts analyst 2. Research Analyst 3. Market Research Analyst. Note : Each of these can be called various different names often they end up having the same title but different job scope. Accounts analyst is typically an accounting type job, keep track of invoices, credit control, fraud detection and other things closely related to accounts. Research Analysts generally are people who research in listed companies and writes reports on them. However there are many other variants, the said one is the most common for Malaysia. They are normally known as either Analysts or Associates and sometimes called Equity Research Analyst to avoid confusion. Market research Analysts are often also called Analyst or Associates but their coverage is often more macro. They are more concerned about statistics and trends of an industry rather than a single company. Their activities are most active in developed/developing nations. They often carry out their research activities both locally and abroad.

Out of the 3 main variants, the 1st is the easiest job to obtain and find. These jobs are frequently advertised in jobstreet and jobsdb. The latter 2 are rarely found in public job postings and there are very few such positions. The job availability ratios are probably  around 400 : 3 : 2.

i m sorry but to say u once again abuse the word financial independent . n mind u to survive in KL , many ppl can make it with rm1500 salary, budgeting is very important , spend on necessary not accessary, b4 u earn big bucks perhaps u might wanto cut down on expenses like car, petrol, streamyx, master bedroom , high social bill....many of my frens  ( or most ) started with less than 2K but budgetted themselves well and 3yrs passed , now they can comfortably enjoy those BASIC needs tht u mention.

with or without commitment, we still work extra mile or walk extra mile to learn....so sad tht malaysian education didn't teach u to understand learning is the basic of earning , i heard this twice this week, coming from not -degree holder , earning 5figure ppl.

stop complaning n blaming and all the best for u .

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Added on June 29, 2007, 12:00 am

put aside the money factor, wat is ur interest and wat do u think ur strengths are? by having passion is ur career and maximising ur full potential in the area u are good at will bring u far and high.....each industry oso paying high if u do it right. put aside short term high pay...

my dear, my fren hav car loan n study loan as well , but they don choose to stay in master bedroom, streamyx , tht save at least rm200 oready.... if urs is minimum standard, they must be in hell....
wake up , face the reality n start do a better budgetting...

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Added on July 2, 2007, 12:49 am

bravo , bro........