Hi All,

sorry to interject, as i do notice there are some disagreements in the forums at the moment, is good there are debates but hope it will come to a healthy discussion ya.
Perhaps let's call it a day?

Need some opinions on investment and creating passive income. I'm a sole breadwinner, wife at the moment is not working taking care of our child. in terms of my monthly commitment, it gotten dangerously close of not able to save enough for our future. i need to find additional sources of income to increase my savings for the future, things wont get cheaper anyway.

Below is my expenses and savings.

Commitments Expenses Contribution
Car Installment (2 cars) (2,000) -18%
Car Maintenance (average months) (300) -3%
House Installment (1,000) -9%
Wife (Full time house wife) (2,000) -18%
Kid (Milk/ Diapers/ Play School) (1,000) -9%
Lifestyle Expenses (Food / Groceries/ Utility bills) (2,000) -18%
Health Insurance / Saving Plans (1,000) -9%

Net Salary (after EPF & Income Tax deduction) 11,000
Monthly Passive Income 1,500
Balance Savings Net 3,200 29%
Bank Savings 250,000

I'm thinking of taking out rm150k to invest, seeking 2-3% monthly returns ( I don't know, if it is plausible to find a investment that have a stable returns of 2-3% on a monthly basis).
This will boost up my savings to 50-55% from 29%.

Any advise?

yeah, it is actually quite impossible. Try luck only.