Last quote means Estima. At least u can enjoy driving a new car instead of stressing about another 750k loan to service.
Just hope that your kids won't take your fatherly love for granted.

15k cukup for kitchen or bathroom....
1 kitchen 2 bathroom can set you back 50k

but if you dont retile, just regrout and paint bathroom cheaper. replace with sink/taps if its too shit.
Me I just live with it. Do the kitchen only, if kitchen is acceptable live with it also.

stay for 5-8 years, upgrade and rent out the place... only spend money when necessary

When not rich, dont try to be rich. You dont need a mansion. You dont need fancy condo. You live within your means.

peasant should just act peasant.....

big boss like you then reno kaw kaw....

what i said is correct lah

assume both 15k.
10k for bedding, furnishing, storage, electrical appliances like fridge, cooker, washing machine, water heater ++?

it's already 10% of the apartment/flat cost

Why dont you just use your existing bed, furnishing, electrical appliances?

TS is staying with parents, you expect him to take their parents stuff and place it at his new house?

even better... continue staying with parents and rent out the place, unless parents is staying in kampung.


else go rent la... if cannot lower standards of living.

Mind share how to get more money? Envy 🥲

U rented 2 of your property to cover your 2 property loan + your current house’s loan that u are staying?

Friend 36 y.o, 2019 0 property, lockdown started, dunno what wind he caught, now on his 27th unit

i just salary man... reach manager rank @ age 35+
then i hv side business doing insurance but recently stop insurance since Bank Negara set minimum requirement target for every agent hard to hit the target as part timer.

yup, i rented out 2 property to cover all my loan...

as long as you spending wisely and not in to branded item... you should be saving a lot.

every year, i limit myself to buy 2-3 clothing and 1 pair of shoes.... even my wife and kid only buy new cloth during CNY and just few pair...
since we seldom travelling, we no need a lot of cloth..
most time eat at home cook which is cheaper than eating outside..
my wife and me, use to tapao to work from home
even weekend, we avoid eating outside.. however we will spend time walking inside mall but avoid spending unnecessary...
we sometime just sit at starbuck for few hours and ordering 3 cup and sharing among 5 of us
even traveling, until now, we farthest traveling we had is to bangkok.. most time we spend time in KL or Genting.. every 6 months.

anyway budgeting your monthly spending is need if you plan to save money..
regardless my salary even with increment every year, i just keep RM500 for monthly spending, while remaining will keep in bank saving and pay installment...
the RM500 will be use for petrol, food and weekend spending...
sometime, my wallet just left few dollar during end of month and my wife alway nag me

This post has been edited by stevenlee: Dec 14 2022, 01:57 PM

Wow the way u spend and save is really like unrealistic haha

But basically can see u saved up a lot

You have a good wife. Cherish her.

Buying and making loan repayment is different matter.

All +Ve cash flow

17

He is a genius.

ts dunno furnished for rental grade...different from furnish for own stay grade

unless the property is deem as a forever home, there is no need to furnish for own stay....

i just furnish for rental grade, own stay and move later and rent it out. Material have to last 10-15 years

Home cook, tapau to work is a tall order to many (including myself).

How much is your household groceries, raw food on top of your rm500 pocket spend per month? Don't tell me its inclusive 🤔

I assume, 5 with 3 kids or otherwise with elderly parents.

This post has been edited by jojolicia: Dec 16 2022, 08:34 AM

RM500 mainly for me monthly use.
household grocery all is handle by my wife.
my wife allocate around RM2.5k for food, schooling, tuition, house hold grocery and utility.

Monthly (family RM3k , excluding housing loan and other investment like PRS, i PTPTN, Insurance Saving)

phone bill and internet RM300 for 5 people
electrical - RM250
schooling - RM300
Grocery - RM300
petrol - RM400 (my wife and me)
Food - 950~1k for food


my parent are retired and they do hv saving to support.
in fact, what I doing now is the way how our several old generation teach us and did in the past.
my great and grand parent before pass away, they own several asset and investment more than enough to cover their daily expenses.

The same happen to my parent who own several asset and investment more than enough to cover daily expenses..
once the old generation pass away, the asset usually inherit down to next gen.

being the eldest among great , grand and son generation, i do inherit asset and investment from my several old generation.
however, that all is keep and unused until now. i only use the assets as my loan guarantor.
instead depend on the inheritance, i do add in another 3 more now at my generation.
so when i retiring, i dont hv to depend on my kid. hopefully in future, all my kid will continue the way we earn, live and pass down