Need advice for the next 5 years

[amberzon]

@yourfatcousin you can definitely cut down at least half from your food expenses alone

 

[wingnut0731]

@amberzon Eat maggi everyday

 

[amberzon]

@wingnut0731 not like everyday but thats an option as well

OP mention they spend about rm36/day on food, id like to think there are probably other slightly cheaper meals if they cut down like rm10-15 to rm25ish/day and save about 300 per month

 

[reallivegirl]

@amberzon There's always rahmah meals.

 

[tammy2446]

@yourfatcousin You have a gold digger gf or something? Otherwise what are you eating as a bachelor to need to spend over 1.1k just for food?

 

[davidjgreen]

@tammy2446 Dude, he’s here to get some ideas and advice. Why the need to unnecessarily bring in people GF?

Spending 1.1k for food is alot, but without asking the details or context of it is hard to judge his spending at the moment. Also you can ask in other way right? No need to go insult people

 

[tammy2446]

@davidjgreen Lighten the fuck up bruh. You're on reddit.

You can't take a few light hearted jabs? What strawberry generation are you from?

 

[davidjgreen]

@tammy2446 I don’t get which part of your sentence is regarded as a joke. You immediately started off aggressive and went all vulgar like “wtf” need to spend to much etc.

Also you know how to say it’s on Reddit, but nobody can read sarcasm over such aggressive writing tone. Especially online. Get off your bloody high horse

 

[tammy2446]

@davidjgreen hey alright

ain't reading your 200 word dear diary essay

 

[pmmg]

@tammy2446 Hahahaha I came late for this.

 

[gtfox26]

@tammy2446 second this, why the downvotes, B40s?

 

[jibs]

@gtfox26 Maybe OP eats sashimi everyday.

 

[pmmg]

@yourfatcousin Kasi hoot crypto bro. Go big or go home.

 

[georgiew]

@yourfatcousin Stop your unit trust, and divert that monthly RM200 to a StashAway Flexible Portfolio one-fund portfolio consisting of 99% ISAC and 1% cash. Build your emergency funds with your ongoing FD and Versa Cash deposits.

 

[reallivegirl]

@georgiew Why stop the unit trust?

 

[georgiew]

@reallivegirl On Day 0 itself, you already start with -5% P/L due to sales charge. As unit trusts tend to be actively managed funds, over the long run active funds tend to underperform passively-managed index funds, after fees. It is also unlikely one is able to pick a long-term top performing active fund.

further reading: https://www.spglobal.com/spdji/en/research-insights/spiva/

 

[smilesandsunshine]

@yourfatcousin

1. If you single have emergency fund for at least 3x of your expenses. If you are married, have 9x emergency fund. Married and 1 kid, have 12x emergency fund. You cant touch this fund unless its really really really emergency.
2. Do you have health insurance? If not yet, then i suggest you to get 1. For me, this one give me peace of mind. I dont have to think how much money will i spend if i sick. If your company give you health insurance, you can postpone this one at least until you reach your emergency fund goal.
3. How many % for saving? For me min is 20% from your salary
4. If you still have money left, you can save it to treat your self. Maybe traveling or buy something. But only when you really achieve something. Not just because you want.

 

[karmel]

@yourfatcousin Whats your job?

 

[rankdtv]

@yourfatcousin

1. Build up emergency fund (6month salary in case you lost job)
2. Increase your income.
3. Lower living expenses
4. Budget your savings for near term purchases : a. House b. Car. C.wedding , d. Children
5. Then you consider invest