RM5k is really not much if you are married with car loan, house loan and childrens. That is why these days both married couple have to work to share the burden

Also it is not how much you can earn that matters. It is how much you can save. The more you earn the more expensive things get.

For my case, I'm just very lucky to join in oil and gas company after i graduated with Electronic Engineer last year. Currently 25 years old. Annual income = Basic + Allowance =RM 72400. So monthly salary, after tax and epf, 5k. Just nice to qualify in here.

careful, Melon could be a guy

No offence here! I am sometimes baffles on people's salary. Most KL people salary about Rm 4 to 6k per month based on managerial position, could be higher if diff field which includes commission.

No offence to you, jinyee. Those who getting ridiculous salary, which not only thru hard work but also have some connection with the boss or relationship with family or share holder with that company. Imagine, working for just 6 to 7 years command that type of salary is no mean feat. I got frens graduated from Cambridge or havard dont command that salary even in 7 years unless u are working overseas.Or you are married with somebody in the company 'hot shot' or 'someone' in top management eyeing u for marriage with his son. 

Even u getting alleged 'salary' you wont need to sell things u dont want in Lowyat.net. You could even give your personal things for free or something. It wont hurt u abit, just your change.

If you are the VP, you wont have 'so call' time to chit chat in here and spend to kill time. Whereas time is money. Unless you are earning so called 'blind' money while doing nothing.

No doubt you are a banker, your salary is fixed plus sales comm. which can fluctuate based on the loan returns based the company performance.

I hope my words doesnt offend you but based on my experience, your statements doesnt make sense or logic.

definitely for VP at age 27 must not be from the IT field .......

if u have doctorate at 26, u can get starting rm8k as a lecturer even u r fresh graduate

even gov uni can give that rate.

Sales? Marketing is it? I dont know much about marketing. How do i know whether im a marketing material ? My potential is that i think ALOT.

I wonder what course should i take.......account,fiance,marketing,business.... I just to be successful at early age. Im very confident at myself

Give me more advise ,i enjoy reading this topic sooo much. Gain many things from it

if u have the guts, why dont u try off shore for instance.. heard that for a beginner, they'll pay u rm100 a day excluding allowance..

Well,i promised my mom that i'll bring her to Paris when im 25-27,i just want to make that happen ! Thats y im seeking as much advise as possible now.

He means any kind of useful advice that could guide him.

Defination of financial independent = Income- expenditure = +ve

That would be financial independant. Nevertheless, My own defination will be = Well fed, wont die of hunger:)

Lets put it in an example...

Mr. A is alone in KL and his Salary is Rm 1500

Calculation based on month

Food ( 300) + Car Loan ( 350)+ Petro (300),room rent(300)+ phone bill ( 100) + Streamyx(100) +Electrical/water bill (150)+ parent allowance ( 200) + Study Loan (200) = Rm 2000
That is not financially independent.

if you have the opportinity to work in a oil and gas industry..especially on their production side..by all means go ahead.im 23 with salary more than double what is stated in the threadstarters post.High risk job.2 weeks rotation offshore and then 2 weeks holiday.basically working for 6months a yr.

He got the point there. The example given on Mr A was common for most fresh graduates in Malaysia nowaday. So looking at the situation, A fresh graduate should be paid at least RM 2200 as minimum wages to be financial independant.
Stop talking about those learning first and money thingie later bullshit. Who doesnt understand that. In order to motivate a worker, you have to put yourself in his/her shoe. Mr A simply cant tell the landlord/bank about he's earning lesser now , so he can pay lesser...... landlord will tell you to find another place and bank will charge u more interest rate.

Many are consider lucky as they have no commitment to bear. I have friends like Mr A who need to work extra work after working hours to support his living.

I am going to graduate with a degree in management with majoring in finance,in what particular sector should i venture into to find the biggest prospect for advancement and satisfaction ? Should i venture into the industrial sector ? or should i keep on focusing my attention in landing a job in the financial sector ?

I've seen good paid brokers,financial analyst and also higly paid financial executives for MNC production facilities and these lead me to the dangerous waters of uncertainty as there is vast opportunity for me out there and not forgetting the banking sector as in investment banking or retail banking ? I'm quite uncertain,for now i'm still on general/neutral grounds.

If you take a close look at my example. I did not include entertainment cost at all.

For petrol, car loan, masterbed room, streamyx. Those arent avoidable and I have gave a very very minimum standard for it. And as I mentioned, Not everyone doesnt have commitment in LOAN & such. I am pretty sure you friends doesnt need to pay for CAR LOAN, OR STUDY LOAN ( since it was not mentioned in your sentences)

I dont think you factor those into consideration at all.

Hmm, I am 20 and I earn around RM5000++ per month. Well, I personally don't care about how much I earn, but I hate people who owe money for a long time. I just have passion to do what I am interested in. That's more important to me, enthusiasm~

By the way, RM1200 per month for food expenses isn't that a bit crazy? I am refering to a previous thread.