How to Manage your Financial

Recently, i was flooded by Investment ideas from every aspect of my life.

When i attended HSEQ Training, there were colleagues discussing on investing in ASB through taking 20 years LOAN from Maybank.

I have a friend, Jess, who is an experienced and smart investor. She always think of ways of earning more and more money. And i believe, by now, she has actually invested and earned a mouthful amount of bread.

Until i visited David's Blog and he wrote about How to make $100,000 work for you. This statement sounds so familiar, and i believe it is generally used by most best selling books in the financial-related market. From his blog, it is manifested how smart he is in handling his money. Of course, not to forget that from each show he performed, it equivalent to my 1 month's salary. So, instead of investing in 2 apartments at one time, i might opt for half apartment as a start perhaps. :)
Here's the link to the Mighty Magician of All Time (Malaysia).

http://laidavid.blogspot.com/2009/07/how-do-you-make-100000-work-for-you.html

Anyway, from his blog, he has proposed several ideas in putting your money in good use. Among them are the well-known REAL ESTATE investment/ trades. We know that LAND/ PROPERTIES price will always go up (Proven based on 20 years statistic). Hence, it is never a mistake to make such investment. BUT, the one and only mistake you will commit is when YOU COMMIT YOURSELF TO SUCH BURDEN WHEREBY YOUR INCOME DOES NOT SUPPORT SUCH EXTRA AMOUNT YOU HAVE TO PAY FOR YOUR PROPERTY. Hence, unless you are financially sound, as in, stable income of at least 70% savings apart from paying the house, you are encouraged to do so.

However, looking at his blog, it makes me envious of how successful he is at the age of 23. If you could own 2 properties at the age of 23, in the next 10 years, i believe you will at least Quadraples the amount easily. Hence, wish you all the best David!!

Back to my case. I do not have any extra cash for investment now. Kinda regret i did not go all out in hunting/ saving money for future investment. 2 of my friends who have invested quite well are Dee and Jess. They have started investing years ago, and i bet they are enjoying the divdens payout. As for me, i have spent most of my money on things, luxurious, foods and etc. I have never thought of investment. So now, i would love to start some minor investment. Be it big or small, risky or conservative, i would want to start.

Hence, i bet the first step is in buying insurance. This investment obviously is an expenses instead of generating money. Yet, i am thinking of my loved ones.

Here's how the story go.

On 25th of July, Me, Syed and Jess went to Miri just to have a lunch at Mc Donalds. Oh my GoodNess!! THey tasted so great and delicious!!!Yum Yum YUM!!! Me and Syed ordered 2 sets each while Jess ordered 1 set. We finished the meals in just a short period of time - 7 mins. Then, we went down for a walk at Bintang Plaza. Then, we encountered this Maybank Roadshow promoting BIJAK MALAYSIA package. This is an Insurance Scheme + Investment. So, it depends on the age of entry, and the amount of contribution each month. After 2 hrs of talk with Joanna (Maybank Agent), the 3 of us decided to purchase the plan from Maybank.

That's the first move..

Next, i plan to gain some knowledge on the following investment funds

1. Public Mutual
2. ETF
3. Etiqa Takaful
4. Forex
5. Gold

Hurm..i believe that would be quite a sloppy journey. Hence, Discipline and Self- Control is very important, especially emotional management. Whoever would like to share their experience, or knowledge on how to invest in Malaysia, do share it here ok? I bet most of the fresh graduates would love to learn something from you.

P/S: I have always dreamt that someday those RICH would lend me RM10 mil to save in FD. Hence, i can earn at least 200k per annum. Hurm..sounds sweet and tasty isn't it? Well, you keep on dreaming and do nothing to it, you will end up the way you are now.