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 ☺️
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 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!
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
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)
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 😂
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.
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 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!
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!
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
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 ☺️
Very good video not just for beginners but as a refresher to stay consistent. Income increase lifestyle don't increase.
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!
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!
💯
great video ziet 🔥
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.
🔥🔥
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
Nice video ziet always delivers
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)☺️
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 👍👍
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🤭
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☺️
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?
first salary fixed my crooked teeth haha
And….it’s probably paying dividends until today, and forever!
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!
Great content. However, from my experience, 20% savings/ investment is barely enough. Aim for 40-60%
That’s the goal!
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!
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 💪🏻
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
1:23 Langkawi mentioned Raaaah 🗣️
😂😂😂
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
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!