Is there any other platforms that allow for holding of different currencies and spending with a Visa card overseas? I got banned from wise hence why im asking for alternatives. I did some p2p for USD without knowing that their T&C changed to be anti crypto and they closed my account. Hence im looking for alternatives now.
Long story short , my uncle is in his 70s , no children (that is alive) , no income has a wife and a house fully paid worth around 1.5m.
He's been on AKPK for the last year plus (unfortunately after burning through his cash paying only minimum card payments) & Currently the consolidated debt payment has increased.
Only option out i see now is to ask him to sell the house , clear debt and move somewhere else.
Would appreciate if any of you have other ideas , below is the breakdown of the debt
| Facility Type | Instalment Amount | Outstanding Amount | Tenure | ||
|---|---|---|---|---|---|
| Credit Card | RM 600.00 | RM 60,748.33 | 105 months | ||
| Credit Card | RM 280.00 | RM 26,014.89 | 110 months | ||
| Credit Card | RM 250.00 | RM 24,685.79 | 108 months | ||
| Total | RM 1,130.00 | RM 111,449.01 |
I know I'm late to this. Life happened and I only managed to start saving recently. Not going to go into details but it wasn't by choice.
I'm 31, take home RM5.5k a month, based in KL. I have RM20k saved and honestly have no idea what to do with it. Never invested before, don't know where to start.
I don't want to just let it sit there doing nothing but I'm also scared of losing it you know? I don't want to put it somewhere super risky but I also don't really know what counts as risky and what doesn't. That's kind of where I'm lost.
What would you do if you were me? how can I grow this 20k? Do I put it in separate saving account? How shall I invest this too? Open to any advice, even the tough love kind. I just want some change in my life.
Promised to open up more slots, here we are!
In short we're building a system that gives you better clarity about your finances. A system that:
What you get:
What we look for:
Who this is NOT for:
Who this is for:
Current state:
What we've updated since before:
Drop a comment down below if you want access, we'll DM you afterwards. (some of you requested access from our previous post, don't worry, we will reach out individually, we remember you :D)
[previous post]
https://www.reddit.com/r/MalaysianPF/comments/1sywmmq/were_building_something_free_to_help_malaysians/
Anybody from engineering tech careers, based on your experiences. How many years/times you need change company just to earn a higher salary increase?
I have been DCA in ETFs in the US market for some time. One of it is VTI and recently got on a call with an advisor at FSM and she mentioned a VTI-equivalent ETF in LSE with half the dividend withholding tax compared to US (15% LSE vs 30% US).
I’m still pretty new in investing and would like to seek advice on this matter. Is moving to LSE a good move even though my primary goal is capital gain and not dividends? Any reason to stay in the US market?
Hi everyone! Would love to get some honest opinions and personal experiences from anyone staying in or familiar with these condos.
I’m currently considering:
A. Casa Kiara 1
B. Lanai Kiara
C. Laman Suria
These 3 are within the budget range I can still afford for own stay. I’m aware that all of them are older projects, so renovation will definitely be needed, and yes… I already know the Mont Kiara traffic is crazy 😅
What I really want to know is:
1.How’s the community and neighbourhood vibe in each condo?
2.Which one feels more comfortable and pleasant for own stay?
3.How’s the management and maintenance? Any issues with noise, cleanliness, security, or tenant profile?
I did try to “spy” around Casa Kiara a little because I was curious about the resident mix. It seemed like there are few workers staying there, which personally may not be my preferred environment for long-term own stay.
Would really appreciate any genuine feedback, pros & cons, or things I should watch out for before deciding.
Hi guys. As the title suggests, im planning to buy a secondhand macbook but have no prior experience dealing with used laptops.
Would love to listen to your tips and suggestions like where should i look for trusted sellers or what should i check before paying etc. Thank you in advance!
Is it wise? Currently i work in gov sector (just 4months). Bought an apartment around Rm288ks. My salary around RM4ks. I’m 36 female and single. Since I loaned for 70% so my monthly payments will be around Rm950ish. Sometimes I don’t know this is the right move or not. I need advice
with a full time job, what's your personal 5-9 side hustle / passive income that you've found success in?
*friendly sharing so we could all benefit together :)
I'll start first: full time engineer side hustles: reselling locally and in the UK. Back in msia, started my own sports brand, started my own furniture & decor brand, offering educational services, affiliate programmes, sharing referrals
Hi fellow redditors,
This year, I have been offered multiple credit cards from multiple banks which I accepted at first due to their benefits, but then I realise for some of them, I cant get the full benefit out of em, so I am thinking to unregister some of them so I dont pay dozens of govt tax at the end of the year.
Current cards I have:
- Affin Duo Visa Cashback (One cashback, One point)
I am using the cashback card only, atm I can consistently get RM30 out of RM50 through ewallet reloads, sometimes can max out if i do online purchase
>First 3 years fee is waived but then RM75 starting 4th year.
- UOB One Platinum Card
At first this card is quite good, RM88 cashback, RM60 cashback every month. But heres the twist, I need a 1.5k min spend with the card to get the most cashback, which I dont. Furthermore, the cashbacks are categorized into 4 categories and the maximum cashback for each category is RM15 (which adds up to 60). Hence until now I still have not been able to get the max cashback but I heard from others that this card is good so I’m hesitant to let go.
>Not lifetime fee waiver
- Maybank 2 Platinum Cards (Visa and AMEX)
These were recently offered to me. AMEX card has 5x points on weekdays and 5% cashback on weekends, Visa has 1x points any day. But shops that accept AMEX are nit as many as I thought.
>Lifetime fee waiver
At first, there are agents who told me that govt tax will be charged if I have the card activated, if it stays inactive, I am good. But apparently thats not the case as the agent from Maybank says that as long as I am registered under the cards, I am charged for each card I own.
Meaning if govt tax is 25, I will be charged a total of 25*5=RM125 every year.
If you are here, thank you for taking your time and reading through my post, I appreciate it. So I would love to hear your opinion on this, which card should I cancel and which should I keep.
I’m trying to fully automate my FSMOne's RSP (using the Cash Account RSP [e-mandate] + ETF RSP). However, I've hit a timing issue with my payday:
If I want to fully automate this, my cash has to sit idle in my basic savings account from the 25th to the 10th of the next month just waiting for FSMOne to grab it.
Currently, what I can think of is just manually depositing the amount to FSM myself the moment my salary hits, then let the ETF RSP (probably set to 8th every month) do its thing.
For those of you with late paydays who use FSMOne's fully automated RSP, what does your monthly timeline look like?
Curious to know how you guys sequence your dates to keep things automated and smooth, and also if there's anything that I missed out.
newbie looking into FSMOne ETF RSP, eg VWRA which seems to be a popular option here.
want to confirm the fee structure. it says 0% RSP processing fee; however still have to pay exchange fees and stamp duty, yes? so for example if you RSP RM 100 every month, how much would you be paying in fees each time? or how does it work?
if there is an exchange fee each time, isn't it then better (from the fees point of view) to just do a lump sum every few months, and have less transactions?
sorry all this is very new to me, appreciate your help to understand.
Sharing the tracker I've been using since this question pops up sometimes. Pockita. MYR works, no bank link required, free tier is fine. Manual entry only so the daily friction is a few seconds per purchase. Smaller community here, curious if anyone else has tried it.
I’m on the fence using maybank as my primary bank (where my income goes). This is the first bank I opened when in Uni and till now it’s been the only bank I’m used to
Just wanna see if anyone has left maybank and went to another bank as their primary bank.
Would love to know why and which bank y’all went to
Main reason for me is the customer service is bad (for me) always down, there are few time where they froze my account, my cc application keeps getting rejected. But again on the fence cause I’m just used to it and the MAE app is a really good app
Hi. Long time lurker and first time poster. Wanted to share my situation and gauge what’s everyone’s thoughts would be on it. Single/Male/30
I’m fortunate to be employed in an industry where I’m provided with accommodation. Free utilities, an and transportation to work. Just that I get posted in different places every 4-5 years. Dont really mind it. Single and able to live in various places. Great in my mind.
Fixed gross annual salary would be around RM75k.
Annual bonus ranges from 4 to 9 months. Annual salary may hit up to RM120k/year.
So here’s what’s up. Based on my career. (And I do intend to stay in it for the long term) I have a portion of my salary that may be invested. Since I don’t have to spend on rent or living expenses. And I have been doing so in ETFs and stocks im interested in.
Recently I’ve been meddling in the idea of investing in property by renting it out in my home state. The thought process behind this is that I will be living and moving around with no expense. And the property will be able to pay itself with rental income. My immediate family would be able to hold the fort and handle the rental processes.
The property in question is a high rise right beside the causeway to SG. I’m heavily betting on the RTS line from JB to SG that’ll bolster rental properties. Price around RM400k.
On a side note. My commitments and expenses are at a minimum. I’m able to set aside RM3k a month for investments. Expected to grow since I don’t see a need to increase my commitments nor expenses.
Thank you.
I’ve always wondered this question. Land seems to require much less maintenance than property. Wouldn’t it be wise to purchase some while you’re young, and hope that the value goes up over time. In 1-2 decades, you either get yourself a plot to build your retirement home, or sell it at a margin. People do this all the time for properties, but it seems not so much the case for lands.
Is there a catch in owning and maintaining a plot of land?
———————————————————————————
Edit: I probably should’ve added some context. So, in short, I have no plans in acquiring a property anytime soon due to geographical uncertainty and my unwillingness to take out a loan (I like to keep my cash outflow at a minimum).
However, I have to admit I’m concerned with property/land prices going up. I can’t afford to outright buy a house but can probably purchase a small plot of land in full cash.
Would it be a good idea to buy some land just to ‘lock’ the biggest cost of home ownership once and for all? Of course I still need money to fund the building costs later but I’m not convinced that those will rise faster than my invested portfolio. Basically the plan is just to guarantee (or at least, maximise the chances) that I’ll have a roof under my head even if all hell breaks loose one day.
Hey guys . I have a question about my personal finances. I’m 28M (Seafarer) . I’m thinking of quitting that job as it causing me a lot in terms of mental health. I’m just wondering do you guys think my finances is average compared to the average Malaysian . I just want a gauge on where I stand
I have
- about 80k MYR in stocks
-20k in gold investment
-15k in FD
-13k in Counter Strike skins ( yes I know this is a really stupid investment please roast accordingly)
-5k in liquid cash
-I have no hard commitment only about 500 (phones and internet etc)
Just curious what is the normal range for fresh graduate engineering salary in Malaysia? Back in the 90s , It’s around 1800-2000 if I remember correctly? I have been noticing folks posting like $3000 or $4000 in Penang .
For context, say $1800 a month back then is not great but ok. A simple meal at hawker center cost less than $2. If fresh grad now making $3000, seems like the country is taken 1 step forward but 2 steps back. It’s not even keeping up with inflation.
I left in late 90s and visit occasionally. Hawker center can easily cost $8 -$10 ( a bowl of noodle + kopi) .
What am I missing? Or it’s really that bad?
Do you guys have a number or ballpark ie how much more should a property or car cost in relation to your annual income for you to be able to comfortably afford it ?