such a solid guide for fresh grads! Totally agree on the part about setting up an emergency fund early and starting small with investments . The mention of the 50/30/20 rule is gold-simple yet so powerful for budgeting . Also, love how you broke down the importance of investing in yourself, like gym memberships and credit scores. Small steps, big impact . Quick question tho-what's your take on digital banks for emergency funds compared to traditional ones? Would love your insights! 🙌
At the moment I try to save RM 500 per month. RM 400 to low risk investment such as ASB, money market fund etc and another RM 100 for commodities such as gold to ensure diversity in my current investment portfolio. I believe the most challenging part is to build discipline and consistency for saving and investment 😅
Well said! It’s harder at the start but down the road all these thumbrule will be muscle memory, and all we gotta focus on is on the growing income part ☺️
Thanks again bro!! U make another solid video 2 cent for the folks, whether you're young or old, consistent investing is the key to success. Think of it like paying rent or a mortgage - a regular commitment. Once you make that mindset shift, you'll see the results sooner rather than later. Consistency is crucial!
Hello neighbour. Am a fresh grad from Singapore and I'd say the info in this is quite helpful for me too but hopefully I can do well in this area in the future!
Insightful video indeed. To add: 1. Average increment (same company) in Malaysia is around 3% -10%, you can have an idea if you are in a good company that offers that. 2. Average increment (job hop) in Malaysia is around 15% to 25%, demanding sectors like IT, engineering or finance can definitely gave out 30% or more.
Thanks for sharing Ziet, I have a similar background as you now. I just graduated from ME and just recieved my first few months of salary. I am glad to that I done 80% of your advices just the investment on ourselves. I will listen to you to upskilling myself and position myself for a better career pathway before thinking of jumping to a new company.
Job hopping in tech in the early career was beneficial for me, it adds 20% - 30% increment from my RM3100 starting salary. My goal was to hop every 1 to 1.5years. Some of my seniors who are in 12K - 15K salary bracket seems to have stopped hopping because they bought a big house. Otherwise, if you're 4 to 5 years in IT(coding/testing) job and if your salary isn't 9K above, I think its a lil slow, at least for the current economy. Plus, you get to learn how others performance, and other industry works as well. So go for hopping, you can gather years of exp later once you have secured big pay.
I’d think save enough, then switch to investing mode, because our brain is wired to progress and survive, not stay stagnant (like seeing cash sitting there in a pile)
In 1975 as office boy in a private sector starting salary was RM250-00 a month . ( In 1975 its a reasonable sum) As a photography fan with my first salaryI went to Jln Bandar (now Tun HS Lee) and bought a Catridge Film 110 Camera Brand Fujica Camera size like a remote. Costs RM120-00. I think that small road turnning left to the flower stalls then was Jln Cecil and the popular Hotel Malaya. I hv till today lots of photos on 110 Catridge black n white pictures taken almost 40 yrs ago.😅
6 years, I never had any education about managing my wealth at that time, and now I'm 32 and just realise that spending everything that expensive just to impress people really makes me terrible. Now I'm happy with that. i can save $1000 per month
Thanks for sharing, its very informative! Regarding the investment link insurance, I had subscribed for PB Max Advantage for about 5 years when I started working. Like you said , I do kind of regret it as the return has been subpar. Not sure if I should minimize the loss by cancelling it and invest the amount in other places, or let it continue for few more years. Kind of in a dilemma. By the way, I am also a Mechanical Engineer graduate. 🙌 cheers
The 1st item i bought when i got my 1st salary was a smartphone, about rm700. I didnt plan to buy it at first. But my old smartphone suddenly damaged on the next day. So i had to buy new one, anyway it was a self reward for the 1st big job after graduated 😂
Hi Ziet thanks for the video, much appreciated. Have a quick question, how did you transition over to investment banking with a degree in mechanical engineering?
Hey! Just to set the record straight, i wasnt an investment banker, just that the line of work and the skills/knowledge required revolves around the investment banking role! Long story short, my ex company (an independent power producer) gave me the option to join either their technical (engineering) team or the commercial team, which i went for the latter! Both of the choices still involves engineering knowledge, since commercial agreements and financial modelling still requires basic understanding of a power plant/thermodynamics etc (before we can even calculate, decide on any commercial aspect)
Hello Ziet Im a noob guy that just started learning about investing and looking for advices. For context, I have applied ASBF for 150k so at the moment i have RM158 843 in my ASB. I have around 5k that im planning to put into investment somewhere at the moment. Just learned about S&P 500 and planning to put the 5k into S&P 500 ETF. Apart from that, I will have around RM 473 to put into invesment every month from my salary after all deductions including the ASBF. These are my few questions : 1. Should I even put the money into the etf or just stick to putting all of my invesment into ASB. 2. If i should invest in ETF, can u suggest any shariah compliance ETF that I should use that will be suitable with the RM473 i have for my monthly investment. 3. Should i DCA in or just do lump sum. If DCA, what amount should i put in monthly for the 5k. 4. what % of the monthly investment money should i divide between ASB and ETF.
Hey Ziet, may I know why we shouldnt consider savings or investment link insurance? Do you mind to explain it abit further? I believe the picture will be clearer if it comes with an examples. Thank you~
Hello, while they are not "bad" financial products per se, their returns are usually much lower compared to standalone investments like ETFs, since a portion of your premiums goes towards insurance coverage and fees. Can read up on lowyat forum about them too!
How do you keep track of say food, when sometimes you pay using tng, or grab food, which is charged to your credit card. You can have a budget of say RM1k, but it’s so troublesome to monitor how much you spend against your budget
Good question! And I can totally relate because I used a multitude of cards too (though nowadays i default >90% of my expenses into my maybank visa infinite cc haha). To answer your question, use Buddy app, free to download and use, and record every single transaction. End of month just take from the summary of the categories/sub categories! Wala!
I would like to disagree just a little bit regarding job hopping. In your 20s, don't worry about "over hopping" in your job career, with some caveat. If you job hop every 1-2 years in your 20s, it is very common nowadays. Just be sure you know how to answer the obvious question of "Why did you leave your last 1-3 companies?"
Mixed feelings about this, as headhunters always tell me they would screen and not prefer candidates that have stayed at 1 place for few years, then suddenly last couple of years switch in 1/2/1/2 years interval Though i see more youngsters getting away with it as long as you are able to explain and get around that 😂 (definitely not something im experienced with)
It will definitely be hard for a start, but with skills and the know-how to look for a job or company that compliments your growth mindset, you will be out of that in ~2 years post grad
Hello, back then it was 2018, the option to invest overseas was super scarce // as for now, yes its a solid investment, but not every fresh grad/first year employee have that disposable income to invest in stocks yet, let alone having the ability to stomach the volatility!
Hi, in the big picture both MF and UT is rather similar, save for some structural differences which is rather negligible, my main issue with them is their high management/upfront fees which will eat up a chunk of your potential return (if even any), hence why i would suggest for starters to progress like this: Cash > Fixed Deposits/Contribute EPF voluntarily > Money Market Funds > Index ETF investing (super low cost) It doesn’t have to be done 100% on either one, it can be a mixture of everything with different allocation to them PRS- suggest you to hit up investopedia and read about it, long story short, subpar retirement vehicle (like a forced savings, probably worse return than FD) but with a slight benefit of offsetting your annual tax deduction, but thats about it. Overall i dont feel the opportunity cost is worth it (just my 2cents)
@@ZietInvests thank you for your kind explanation..yet I didn't get that prs investment is under government right? but why the capital is not Guaranteed..yet during registration they told me that similar like EPF and you will not loss your capital..might have some fluctuation
Haha good question! That opens up so many avenue (that we actually covered here and there on our channel), maybe can check out these few videos I've made previously: 1. ruclips.net/video/gWpB-SoW2RQ/видео.htmlsi=Ic22OGsT1tC-SG23 2. ruclips.net/video/1clNRUsj-zs/видео.htmlsi=7jmP7Xlnf5GA3r4B 3. ruclips.net/video/T8UXstUYItM/видео.htmlsi=zGaEqLIm1cVD_F7i
He doesn’t necessarily like stocks because it’s too easy for people to learn to invest unlike hard assets like real estate where you have to really study the fundamentals to make a good investment but he’s not discouraging people not to invest in stocks but he wants them to have options and learn other forms of investing
I don’t necessarily fancy his idea of leveraging/investing either, but there are good fundamentals that we can selectively absorb esp when it comes to assets/liabilities
such a solid guide for fresh grads! Totally agree on the part about setting up an emergency fund early and starting small with investments . The mention of the 50/30/20 rule is gold-simple yet so powerful for budgeting . Also, love how you broke down the importance of investing in yourself, like gym memberships and credit scores. Small steps, big impact .
Quick question tho-what's your take on digital banks for emergency funds compared to traditional ones? Would love your insights! 🙌
they can be a good choice too for the liquid savings + high interest yield!
At the moment I try to save RM 500 per month. RM 400 to low risk investment such as ASB, money market fund etc and another RM 100 for commodities such as gold to ensure diversity in my current investment portfolio. I believe the most challenging part is to build discipline and consistency for saving and investment 😅
You're absolutely correct. No matter the amount - building discipline is by far the toughest part of the wealth building journey
Well said! It’s harder at the start but down the road all these thumbrule will be muscle memory, and all we gotta focus on is on the growing income part ☺️
Which platform you invest in gold ?
loving the edit so much, got you a subscriber!
Thanks again bro!! U make another solid video
2 cent for the folks, whether you're young or old, consistent investing is the key to success. Think of it like paying rent or a mortgage - a regular commitment. Once you make that mindset shift, you'll see the results sooner rather than later. Consistency is crucial!
💯
Very good video not just for beginners but as a refresher to stay consistent. Income increase lifestyle don't increase.
great video ziet 🔥
Hello neighbour. Am a fresh grad from Singapore and I'd say the info in this is quite helpful for me too but hopefully I can do well in this area in the future!
Best of luck!!
Insightful video indeed. To add:
1. Average increment (same company) in Malaysia is around 3% -10%, you can have an idea if you are in a good company that offers that.
2. Average increment (job hop) in Malaysia is around 15% to 25%, demanding sectors like IT, engineering or finance can definitely gave out 30% or more.
Being in a field that pays better + a company that values you = win win!
First salary went to get motorcycle license. 2nd salary depo for a budget and reliable motorcycle. This allows me to save big % of my salary.
🔥🔥
Thanks for sharing Ziet, I have a similar background as you now. I just graduated from ME and just recieved my first few months of salary. I am glad to that I done 80% of your advices just the investment on ourselves. I will listen to you to upskilling myself and position myself for a better career pathway before thinking of jumping to a new company.
Keep it up! Engineers are one of the most versatile graduates☺️
Job hopping in tech in the early career was beneficial for me, it adds 20% - 30% increment from my RM3100 starting salary. My goal was to hop every 1 to 1.5years. Some of my seniors who are in 12K - 15K salary bracket seems to have stopped hopping because they bought a big house. Otherwise, if you're 4 to 5 years in IT(coding/testing) job and if your salary isn't 9K above, I think its a lil slow, at least for the current economy. Plus, you get to learn how others performance, and other industry works as well. So go for hopping, you can gather years of exp later once you have secured big pay.
Nice video ziet always delivers
saving is a long term habit.... need a hard push on started and will get smoother along the way.🤑
I’d think save enough, then switch to investing mode, because our brain is wired to progress and survive, not stay stagnant (like seeing cash sitting there in a pile)
@@ZietInvests Agreed 👍👍
very nice and informative sharing.always be smart with money
In 1975 as office boy in a private sector starting salary was RM250-00 a month . ( In 1975 its a reasonable sum) As a photography fan with my first salaryI went to Jln Bandar (now Tun HS Lee) and bought a Catridge Film 110 Camera Brand Fujica Camera size like a remote. Costs RM120-00. I think that small road turnning left to the flower stalls then was Jln Cecil and the popular Hotel Malaya. I hv till today lots of photos on 110 Catridge black n white pictures taken almost 40 yrs ago.😅
Wow that’s an epic story. Time frozen in that film is definitely kept forever👍🏻👍🏻
6 years, I never had any education about managing my wealth at that time, and now I'm 32 and just realise that spending everything that expensive just to impress people really makes me terrible. Now I'm happy with that. i can save $1000 per month
We’ve all been there, done that
first salary fixed my crooked teeth haha
And….it’s probably paying dividends until today, and forever!
Thanks for sharing, its very informative!
Regarding the investment link insurance, I had subscribed for PB Max Advantage for about 5 years when I started working. Like you said , I do kind of regret it as the return has been subpar. Not sure if I should minimize the loss by cancelling it and invest the amount in other places, or let it continue for few more years. Kind of in a dilemma.
By the way, I am also a Mechanical Engineer graduate. 🙌 cheers
Don’t ever regret from any losses - we still win from the lessons learnt (and its never too late to change)☺️
The 1st item i bought when i got my 1st salary was a smartphone, about rm700. I didnt plan to buy it at first. But my old smartphone suddenly damaged on the next day. So i had to buy new one, anyway it was a self reward for the 1st big job after graduated 😂
Oh hey it’s something we use day in day out right! That’s more like a “need” to me🤭
1:23 Langkawi mentioned Raaaah 🗣️
😂😂😂
Great content. However, from my experience, 20% savings/ investment is barely enough. Aim for 40-60%
That’s the goal!
Hi Ziet thanks for the video, much appreciated. Have a quick question, how did you transition over to investment banking with a degree in mechanical engineering?
Hey! Just to set the record straight, i wasnt an investment banker, just that the line of work and the skills/knowledge required revolves around the investment banking role! Long story short, my ex company (an independent power producer) gave me the option to join either their technical (engineering) team or the commercial team, which i went for the latter!
Both of the choices still involves engineering knowledge, since commercial agreements and financial modelling still requires basic understanding of a power plant/thermodynamics etc (before we can even calculate, decide on any commercial aspect)
Hello Ziet
Im a noob guy that just started learning about investing and looking for advices.
For context, I have applied ASBF for 150k so at the moment i have RM158 843 in my ASB. I have around 5k that im planning to put into investment somewhere at the moment.
Just learned about S&P 500 and planning to put the 5k into S&P 500 ETF. Apart from that, I will have around RM 473 to put into invesment every month from my salary after all deductions including the ASBF. These are my few questions :
1. Should I even put the money into the etf or just stick to putting all of my invesment into ASB.
2. If i should invest in ETF, can u suggest any shariah compliance ETF that I should use that will be suitable with the RM473 i have for my monthly investment.
3. Should i DCA in or just do lump sum. If DCA, what amount should i put in monthly for the 5k.
4. what % of the monthly investment money should i divide between ASB and ETF.
Hey Ziet, may I know why we shouldnt consider savings or investment link insurance? Do you mind to explain it abit further? I believe the picture will be clearer if it comes with an examples. Thank you~
Hello, while they are not "bad" financial products per se, their returns are usually much lower compared to standalone investments like ETFs, since a portion of your premiums goes towards insurance coverage and fees. Can read up on lowyat forum about them too!
@@ZietInvests Alright! Thanks for the explanation!
How do you keep track of say food, when sometimes you pay using tng, or grab food, which is charged to your credit card. You can have a budget of say RM1k, but it’s so troublesome to monitor how much you spend against your budget
Good question! And I can totally relate because I used a multitude of cards too (though nowadays i default >90% of my expenses into my maybank visa infinite cc haha).
To answer your question, use Buddy app, free to download and use, and record every single transaction. End of month just take from the summary of the categories/sub categories! Wala!
I would like to disagree just a little bit regarding job hopping.
In your 20s, don't worry about "over hopping" in your job career, with some caveat.
If you job hop every 1-2 years in your 20s, it is very common nowadays. Just be sure you know how to answer the obvious question of "Why did you leave your last 1-3 companies?"
Mixed feelings about this, as headhunters always tell me they would screen and not prefer candidates that have stayed at 1 place for few years, then suddenly last couple of years switch in 1/2/1/2 years interval
Though i see more youngsters getting away with it as long as you are able to explain and get around that 😂 (definitely not something im experienced with)
Most of us are on the 100 plan. As in 100% of our income goes to bills and the food closet is how we eat.
It will definitely be hard for a start, but with skills and the know-how to look for a job or company that compliments your growth mindset, you will be out of that in ~2 years post grad
Hi, why do you not invest in the snp500? Where the annual return is around 8-10%
Hello, back then it was 2018, the option to invest overseas was super scarce // as for now, yes its a solid investment, but not every fresh grad/first year employee have that disposable income to invest in stocks yet, let alone having the ability to stomach the volatility!
Hi , can you explain what is Mutual fund vs Unit trust in malaysia.
i already invested in prs for past 10 years..yet still I don't understand
Hi, in the big picture both MF and UT is rather similar, save for some structural differences which is rather negligible, my main issue with them is their high management/upfront fees which will eat up a chunk of your potential return (if even any), hence why i would suggest for starters to progress like this:
Cash > Fixed Deposits/Contribute EPF voluntarily > Money Market Funds > Index ETF investing (super low cost)
It doesn’t have to be done 100% on either one, it can be a mixture of everything with different allocation to them
PRS- suggest you to hit up investopedia and read about it, long story short, subpar retirement vehicle (like a forced savings, probably worse return than FD) but with a slight benefit of offsetting your annual tax deduction, but thats about it. Overall i dont feel the opportunity cost is worth it (just my 2cents)
@@ZietInvests thank you for your kind explanation..yet I didn't get that prs investment is under government right? but why the capital is not Guaranteed..yet during registration they told me that similar like EPF and you will not loss your capital..might have some fluctuation
Oh my paying for youtube premium is such a BS advise when you can just install an adblocker for free of pc or mobile
Power to you 💪🏻
RUclips revanced enjoyer 🗿
So you're saying I SHOULDN'T spend half my salary on dota, tiktok streamers, twitch streamers, blue archive pyroxene and online sports gambling?
I mean....if it makes you happy, add in OF girls to the mix too😗
@@ZietInvests oh, don't worry. that's where the other half goes
What about when you're not so fresh anymore
Haha good question! That opens up so many avenue (that we actually covered here and there on our channel), maybe can check out these few videos I've made previously:
1. ruclips.net/video/gWpB-SoW2RQ/видео.htmlsi=Ic22OGsT1tC-SG23
2. ruclips.net/video/1clNRUsj-zs/видео.htmlsi=7jmP7Xlnf5GA3r4B
3. ruclips.net/video/T8UXstUYItM/видео.htmlsi=zGaEqLIm1cVD_F7i
Man, life is tough
🫣
Man..i cant save with rm1500 salary 💀
Is ok we all start somewhere, saving is necessary but survival will always be the priority🤭
I thought Robert Kiyosaki doesnt like stock.
He doesn’t necessarily like stocks because it’s too easy for people to learn to invest unlike hard assets like real estate where you have to really study the fundamentals to make a good investment but he’s not discouraging people not to invest in stocks but he wants them to have options and learn other forms of investing
I don’t necessarily fancy his idea of leveraging/investing either, but there are good fundamentals that we can selectively absorb esp when it comes to assets/liabilities
Pay debts
i'd assume fresh grad would be debt-free, but you are right, those high-cost debts should be the first one to go away!
@ZietInvests exactly my point