bsngpg

Hi : I came across this kind of articles few times already. I think it is危言耸听 and irresponsible. If say, RM5000/month is insufficient, those engineers who earning 2000-5000 within the 1-5 years of working are dying already. And most of the Malaysian are dying too. Just throw a stone to the street of KL, 9 out 10 of the people is earning less than 5000/month.
If you earn RM5000, you can do this:
i) Second hand car less than RM20K(purchased with cash after 1-2 years of working; it is unfair to quote an unrealistic example by buying expensive car)
ii) Apartment at RM400K or less. (unfair to quote unrealistic house loan at 450K)
Take your numbers on monthly expense =RM1250
EPF=550
Income Tax =200
House installment= 1800(400K, loan 360K for 30 years)
Education loan=200
Total expense= 4000
Net saving = 1000/month.

2013-08-18 17:48

spastok

Foods, Petrol, Toll, Parking, medical fees?, Utilites etc etc.... unexpected expenses...summons? the list goes on...

2013-08-18 17:53

kytan

what bsngpg saying is 400K apartment..but you can get 200K to 300K apartment too. The important thing is the person need to plan for future..like "rich dad poor dad" suggest. My salary start at 2k first job, after 12 year is 8.5K, wife no working 10 years, one 5 years old child. no taking money from my dad after start work and monthly still give dad money. I still can end up with one 3.8 ekar palm oil land 200K, 1 car 70K purchase price and fully install( my first car 660cc Kancil now 1.6 Nissan Livina). one 196K apartment (still 3 years to settle) one 236K apartment just start and rent at 900, monthly installment is 720, maintainnace 121 (still gain, only pay 30% downpayment and rent the tenant to install for me) and one 500K apt still under DIBS, will start installment at jun 2015. What I can say is plan your money wisely..my apt don't have sofa, using plastic chair, my handphone is 2nd hand nokia x3...what I looking is how to get more cheap apt and rent out so that when i retired still have income to support my family. Conclusion: get a rich dad poor dad book and read it properly..invest in yourself not others people company(you work hard, they earn more), government (high salary more tax)and bank (credit card interest, bank interest...house to expensive and you take long time to settle). I do enjoy my life...and traveling around.

2013-08-19 15:56

kytan

《富爸爸穷爸爸》
http://www.licaiabc.com.cn/Html/dushu/fbbqbb.html

2013-08-19 16:00

bsngpg

KYTan : I like you. When I have more time, I will add on your comment. Thks

2013-08-19 17:58

mmtalents

my first 2 years working I take bus to office.. u live within ur mean

2013-08-19 18:09

bsngpg

星洲（吉隆坡24日訊):普騰控股前董事經理拿督斯里賽再納阿比丁曾在日本旅居6個月，發現日本青年一畢業投入職場時，不是想著買車，反之是購買房產業及提昇個人投資能力，大馬青年應仿效。“新加坡、美國或日本人不會一直夢想擁有一輛汽車，反之他們在日常生活中乘搭地鐵等公共交通工具。大馬青年應作出這樣的改變。”
I echo the above statement.
Car ? Just buy a cheap second hand car will do.
Travel ? Just wait for few more years, the world is there for you forever.
Insurance? Buy minimum coverage as your risk of illness is relatively lower as you are still young.
Entertainment? Limit your $ and time on entertainment and spend more on learning investment.
Your limited income at the early working cycle should be primarily used to buy house, unit trust and maybe some blue chip. You will appreciate me 15-20 years later. I am talking to graduates who do not have Rich Papa/Mama and aim to become millionaire at 55 years old.
Thks

2013-08-25 11:11

super911

The main culprit in this high household debt issue is the lousy government that we have. Our income growth is just unable to catch up with the inflation. Why that happened? One word: CORRUPTION.

2013-08-25 11:29

charcoalman

@kytan....your small holding 3.8 ekar agriland located where? how much is the selling price per ekar now?

2013-08-25 22:36