I don't think it's feasible for any family to survive with single income at this age and era, unless of course if your husband/wife happens to be a millionaire (or equivalent) then by all means, as you wish.

For me I will totally continue climbing my career ladder after marriage/birth. But that's partly because I prefer working over staying home taking care of kids. Kids are expensive these days, if we don't work when we are young and able, when else can we generate income to raise our kids properly?

well, he's earning 4k now at age 24. I expect him to reach at least 10k by 30. Otherwise not enough to pay housing loan and insurance etc...

more than 15 k ! lol

no lah rm3K ++ oso afford to pay housing and insurance and car loan lah. but cant marry lah. LOL.

im earning 3K++ at the age of 23. only 1 year working experience. my target is >10K before 30. if not cant live in KL!!!!!

and how many people you know earn 10k by 30? this kind of expection on a guy is unrealistic.

don't jump into any long term commitment (car loan, house loan, insurance..... ) without undergoing proper consideration.

even earning 1.5k can live in KL.

3k can live even more comfortably.

goldfries is right. RM1k can live in kl. ppl want more so can enjoy the pleasure of life. eat at posh restaurant. friday nite clubbing open bottle. saturday and sunday shopping see movie drink coffee at starbucks 3 times a day. thats when u need RM10k to survive.

not many ppl can reach this goal @ RM10k at 30 years old. i think possible 2 upon 10 can reach la. ah well... thats y we have so many single ladies out there.

i suggest we thank god that we even have a job to cling on to. there are those less fortunates that can't even get a decent job.

1k can live in KL? 1k gross or net income?

stay with parents, eat on parents, internet on parents, parents drive you to work (means no petrol, no toll, no parking fee), phone bill on parents, no gf, no insurance, no savings?

can show some calculations? figures can tell a lot

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Added on March 27, 2008, 2:23 pmfood - RM5/meal - lunch and dinner - RM200/month
insurance - RM50k sum insured - RM150/month
phone - prepaid with very minimal usage - RM30/month
bus - assuming your area covered by Rapid KL - RM100/month
about RM500 already... RM500 savings... everything else there's FAMA?

This post has been edited by kenji1903: Mar 27 2008, 02:23 PM

Yup agree. How many ppl out there earning RM10k by 30???? To get ppl earning RM5k also not much.....Yes it can be estinmate with calculation but the fact is i seen a lot & a lot ppl no matter chinese, malay & indian is living that their main sole breader(man) earning abt only <3k......We dont require to see to far, just review those ppl nearby you like ur collegues, relative, frens & bla bla......The Fact Is there?....Non of them is earning RM5K.......having 2 kids, an apartment, an old car.......
i have a collegue having 3 kids,house,car & wife not working....somehow he manage to completed course like MBA & PMP.....i alwis curious how he doing that....he is just a assistant manager(39years old).....Will his pay will be Rm10K?i bet is NO!!!...but he is surviving....Im just putting an example & there is much more...Not i say or calculation base....is real life sharing.....

I alwis found that we(human) live in a "ASSUMPTION ATTITUDE" world.....There is too much this & that cannot survive laa.....& i alwis heard ppl got increment RM100, & complaint so little(think company threat them like beggar)...but i dare to challenge in the street, if u to ask how many ppl can fork out RM100, it will be NO or very less.....claiming RM100 cannot do anything but the fact is it can be buy a lot of things.....

Just my 2 cents point of view....

This post has been edited by DerekKuah: Mar 27 2008, 04:15 PM

wow...this is the first time i came to this section of the forum..then I found this kind of thread...haha

It's scary to see people nowdays have high expectation..
I know it's just a guide..but still..unbelievable

earning 1.5k can live in kl provided u go out by bus, stay and eat with parents. no need give parents even 1 cent. then u can live in kl.

for me i owned a condo now (of course i have considered many factors and do analysis and oso my financial ability before i buy the condo) and need to pay monthly installment plus miscellaneous expenses. 3k net is just ngam ngam for me. im a professional tax consultant / future chartered accountant with my professional qualification, i confident enough i can earn 10k when i reach 30. o even more. i can see a bright future and i plan to own an accounting firm when i able to do so.

Goldfries. how many percent of frens u know cant earn 10k when reach 30? on wat basis u say its unrealistic? do explain more.

earning 10k when reach 30 is not unrealistic. its depending on ur planning. and remedies when ur plans are out. without proper plan don say earn 10k, 5k oso a problem when u reach 30. this is a competitive environment nowadays and because of this competitive environment, millions/billions of opportunities are out there. its whether u able to grap it o not. so don say its unrealistic.

10k by 30...........man i'm so behind. right now i'm earning slightly behind 3k and i'm already 28. your bf earns 10k and can't make ends meet??? he needs to seriously review his finances. i earn enuf for 3 decent meals per day,occasional mamak outings n shopping for necessities as well as housing loan. how come 10k can't make ends meet?

I can't speak for goldfries but if you take a look at Jobstreet and Jobsdb salary scale for all jobs it shows that getting an amount of RM10k is indeed difficult.

i cant comment on the salary listed there. however, this is just the quotation by them. if u have the ability and we so call "power", its depend on ur demand. for me, i got about 1k increment within 1 year - since the first day i joined (fresh grad).

but bear in mind, some position in some field will increase to a certain limit and stop, but some will increase non-stop as u move up... of course the older u r, the more sources of income u get, eg. dividend, investment etc (i assumed - unless u do the same thing n earn the same income for the whole life)

This post has been edited by Bank: Mar 28 2008, 09:25 AM

well....in my current condition,i'm just grad and salary around 2.4k.i think 7k by 30 is the minimum.

realistic or not, i believe it is up to my own judgement. I know what he is doing and what industry he is in. For me, I think it is achievable. Different line, different situation.

A single guy on 30 yrs old, it's doesnt matter, around 3k~5k is enough.
For a 30 yrs old guy with a family of 1 wife & 2 kids, i think he should get earn 10k ++ to a better life, below 9k sure can, just a little bit hard way to go only.

Better life meaning that living in bunglao? go out with BMW and got own private driver? I don't angry with you for a family with 1 wife & 2 kids must earn 10K++.....

Someone earn 2K per month and also wife earn 2K (Total 4K) also can have comfortable life with 4 childs.

Money no matter how much you earn is never enough, because everyone is always trying to improve their lifestyle. If you have a family with two kids, 10k per month is also never enough, my bet would be this family may actually own two brand new cars. THey have loans and credit cards to pay and so forth, taking family trips once or twice a year. Pretty much living their so called dream. Now here comes the danger, you will get involved in accident, the car need money for repair, kids need money for tuition, there goes ur money. When you hit ur late 40s early 50s retrenchment may happen at any time, you can afford to change job, or you work for those company until 55 years old, yet ur kids still have those University fees to pay, and you notice your health ain't that good anymore, u or ur partner may be diagnosed with cancer or heart problem, need a sum of money to cure.......life huh did you plan that far?

In the end it is how you invest your money that makes the difference.

This post has been edited by Avex: Mar 29 2008, 01:06 AM

10k for a bunglao, bmw, and a driver @@
I dun think so ...

Pls try calculate...
If ur kids below age 6, u need spend how much per month of their foods and drinks? u need spend how much for their wears?
If they are more than age 6, more higher expenses... Their tuition fees, their normally expensses...

For a husband and wife, need how much expenses again?

In age of 30, that's better have a own house and own car. Jus a normal terrace house and normal proton car. Need pay to bank how much per month?

Somemore, insurance? Repair payment? electricity and water expenses?
and many many ....

There is nothing wrong for a 6 ppl family living by 4k income, but is it really comfortable? For me, i dun think so =) Sure can living with 4k income, but just always headache about the future and current situation.

P/s : i dun know how to explain since my english quite weak and i lazy to stated out all expenses =) sorry

This post has been edited by eDwanD: Mar 29 2008, 12:58 AM