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
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.
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! 🙌
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 insightful protips on managing your finance. You just got yourself a subscriber sir! Keep the good work. Keep on educating people on the importance of financial management.
This was explained in such a simple manner, thanks man!! I'm not a fresh grad anymore but its still super relevant for people who still don't have any major commitments + haven't learnt this before
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 😂
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.
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!
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)
To add on the partner part, find a partner that can manage their finance well. Sure, it's nice to be someone that your partner can rely on financially, but if it happened too often, it will start looking like a burden to your wallet, despite your feelings on said partner.
my first paycheck, I gave my parents rm1000 and thats about 30% of my salary. It's been three months since I entered the workforce. Many external challenges have come my way, forcing me to constantly calculate and create budgets, but these are all challenges that will make me more prepared for the future. Thank you for creating this video; it’s very beneficial for beginners like me.
Concise and filled with useful tips. I would recommend this to anyone, regardless of age as a basic knowledge about you finances. Thank you for the effort good sir.
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.😅
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.
I thought I was budgeting the entire time but never bothered to really note down how much each category I should be spending on. Needless to say, I'm quite sure my Wants portion definitely is higher than 20% haha.. Will definitely be trying to start this immediately. 12.12 hit me hard lol.
New year new resolution haha! But better late than never, you'd be surprised on the net worth growth you'll get if you focus on growing the asset portion every month (even just by a little)
my first paycheck i brought my fanily out for a nice dinner! freshie here and this is my current breakdown: 60 - savings/investments 20 - needs 20 - wants since im young and live with my parents, im trying my best to maximise that 60% by watching your other vids 🥳
Hey Ziet, I rarely comment but I've gotta say that you're a solid dude! I will be graduating in a month and I have already secured a great job. This video couldn't have come in a better time. I like how your content is tailored to the Malaysian experience and it feel like eveything you've said is directly applicable to my situation. I especially appreciate the nuance points you made that hardly anyone mentions, that is, YT premium, a gym membership, and a great partner. I 100% agree with you, thats why I have successfully secured them all buahahaha! Anyways, thanks. Also, I'm looking to get a credit 3 months after my job begins. Mind helping me (us) out with that?
Awww thank you for the lovely comment Zachary, can’t be happier for you🫶🏻 Credit in 3 months? That’s a little bit rushed, credit card/car/house loan usually requires 3-6 months salary slip upon employment confirmation. Non-bank sources could be something like personal loan, pay later - though i personally don’t encourage it, unless reallllyyy necessary then…
I pay my fresh grad employees >3.5k starting (even with diploma), but it's sad to know there are companies taking advantage of fresh grads not knowing the market
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)
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
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 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.
Hello ajiqko! Appreciate the questions you've sent in, and dont worry there's no bad questions! 1. Both ASB and ETFs have their benefits. ASB gives stable returns (~5-6% annually), while ETFs like the S&P 500 offer higher potential growth (8-10% historically) but with more risk. Since you already have a large portion in ASB, diversifying a bit into ETFs (in my opinion) is a good idea to balance growth and stability. 2. Can check out this video i've made before, a bit outdated but most of the details should still stand: ruclips.net/video/tLlnkbeGkVM/видео.htmlsi=cPWfw53FcGR117yR 3. Personally i'd start with DCA for smaller amount of capital, lump sum works too down the road, but historically DCA is an easier to follow strategy for starters! 4. I'd say a mixture of both is good, maybe half/half but then again, it depends on your personal finance situation which I may not have full detail of. What I say can just be used as a general guidance, most importantly, you know your own finances and situation better so tweak accordingly - good luck!
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!
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!
Hey Ziet awesome video helping freshgrads like us to start budgeting and managing our finances! On that note, is there any point to adding voluntary contributions to my EPF? I still live with my fam and I end up saving about 80% of my income
Good question! I don't do that personally (just contribute the statutory minimum) because cash to me is opportunity cost, which i know i can utilise it better - in my business/stock market. Hope this helps!
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)
LOL My first salary, I got myself nothing. Except paying mobile phone bill, transport petrol bills, road tax, vehicle insurance... etc., that's all. The leftover, just keep in bank saving account. I buy and pay all the necessities only. If I still can get my mum to pay it for me, I will. LMAO
Yeahh as for me never missed give my mother monthly allowance 10%of my gross salary … so far lah although sometimes she will give me back because my poor spending habits 😂😂😂… but it’s a good gesture… 😆😆😆
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
Appreciate the detailed video! Could you please elaborate on why you think investment-linked insurance is a waste of money and time? I was 19 when I first signed up for it under the influence of my parents. And now I had to pay for the insurance premium until I’m 24😢
Hi, it's not the worst case scenario, although its definitely not a good/great use of money to grow our wealth (in my opinion). The main issue with ILPs is that they combine insurance and investment, but neither is particularly optimized. The fees for the investment portion tend to be high, which eats into your returns, while the insurance coverage might not be as comprehensive compared to standalone policies. Essentially, you're paying a premium for convenience but may lose out on better returns and coverage elsewhere. Can read more on their fact sheet (the fees you're paying) versus the returns from general ETFs like the S&P 500 (VOO) or VTI. Hope this clarifies!
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!
In most cases (imo), nope, because of opportunity cost where you can get better returns on your cash (even with money market fund or just some diversified ETFs). But if one is not savvy with financial products at all, and might splurge/lose on the extra cash, then paying more cash for a car makes sense.
I'd say ASB is more like a hybrid-it’s a savings tool with investment-like returns. If you’re contributing RM4++ monthly, it’s closer to disciplined savings, but the compounding returns make it feel like an investment too.
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
@@fizyox1849 This video randomly appeared on my RUclips homepage, and honestly, it's frustrating. I didn't even finish watching it, and I immediately marked it as 'Not Interested.' It's just irritating that people like you are defending this kind of content really make it worse. Please think before you comment or defend it, use your brain wisely
No worries, if you'd think these guides are useless it just means you are not the target audience, or its a knowledge that's well past your age/current needs. There are tons of fresh grads/students that would appreciate the guide (if any, i'm sure i would if i were to rewind back in time) :)
that could work - but have you checked out the Honey exposé, the adblock plugin could be doing the same thing too (though to be fair their developer are not the same)
I grow up learning robert kiyosaki books. Im fresh grad last year. My salary is 6k. Unlike others, i save 4k every single month till today while finding an opportunity to grow up my money
my first salary i bought a Chelsea boots for Rm200ish 😂 i used that boots when i continue study and now im still using that same boot for my internship 🫶
![2025: Bukan tahun kau jatuh miskin! [Kewangan]](http://i.ytimg.com/vi/n47z1p0HuR4/mqdefault.jpg)
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
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!
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!
W editing W explaination. very details. even step by step where to start. Thanks man
awww thank you so much zaim!
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.
🔥🔥
loving the edit so much, got you a subscriber!
Thank you 🙌
Very good video not just for beginners but as a refresher to stay consistent. Income increase lifestyle don't increase.
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!
💯
2:20 I'm gonna borrow this book too when it is available at the nearest library.
Thanks, Ziet.
Go get it!
great video ziet 🔥
Like ur speech… its realistic but realizable… i am not facing any financial crisis but currently working on a way to boost my saving into next level.
Been there done that - take 1 step at a time, it's much better than not taking any action at all!
very insightful protips on managing your finance. You just got yourself a subscriber sir! Keep the good work. Keep on educating people on the importance of financial management.
Thank you so much!!
This was explained in such a simple manner, thanks man!! I'm not a fresh grad anymore but its still super relevant for people who still don't have any major commitments + haven't learnt this before
Saya buat semua yang awak cakap. Teruskan usaha untuk mendidik rakyat malaysia.
Terima kasih!
absolutely great video - exactly what i need
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🤭
Thank you for making this video!
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.
💯the industry in itself is super high-growth already, add that on top of your growth mindset = recipe for success!
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!!
Really need this, thank you
2:16 I'm gonna borrow from the nearest public library when it is available LOL
Thanks, Ziet.
💪🏻
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 👍👍
To add on the partner part, find a partner that can manage their finance well. Sure, it's nice to be someone that your partner can rely on financially, but if it happened too often, it will start looking like a burden to your wallet, despite your feelings on said partner.
💯
my first paycheck, I gave my parents rm1000 and thats about 30% of my salary. It's been three months since I entered the workforce. Many external challenges have come my way, forcing me to constantly calculate and create budgets, but these are all challenges that will make me more prepared for the future. Thank you for creating this video; it’s very beneficial for beginners like me.
Concise and filled with useful tips. I would recommend this to anyone, regardless of age as a basic knowledge about you finances. Thank you for the effort good sir.
Thanks for sharing!
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👍🏻👍🏻
Nice video ziet always delivers
be able to save money is a big win
💯
Thank you for the tips brother. My first item bought with my 1st salary was nintendo switch lite
Very good explanation
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☺️
maaan youtube algorithm so weird, but i like it. hahaha. tysm for sharing
first salary fixed my crooked teeth haha
And….it’s probably paying dividends until today, and forever!
I thought I was budgeting the entire time but never bothered to really note down how much each category I should be spending on. Needless to say, I'm quite sure my Wants portion definitely is higher than 20% haha.. Will definitely be trying to start this immediately. 12.12 hit me hard lol.
New year new resolution haha! But better late than never, you'd be surprised on the net worth growth you'll get if you focus on growing the asset portion every month (even just by a little)
Im only 16, and this video has been really helpful for me to prepare XD
nice!
Buy that gundam kit that you really really wanted when you're a student.
that's so true man, once you grow old and can afford it, sudah no more energy to do it T_T
Bro made getting a supportive partner sound so easy hahahha.
Nothing worthy and long lasting comes easy🤭 luck does play a part ngl🤭🤭
my first paycheck i brought my fanily out for a nice dinner!
freshie here and this is my current breakdown:
60 - savings/investments
20 - needs
20 - wants
since im young and live with my parents, im trying my best to maximise that 60% by watching your other vids 🥳
Woooo what a goal!
woah don't put investments and savings together. there are dumbos like me who assume investments as stock investments and throw in 60% of it in
Whenever i get my salary - i pay off my dues first and then I invest.
Leisure items will always come last
Pay Yourself First. Love it!
Hey Ziet, I rarely comment but I've gotta say that you're a solid dude! I will be graduating in a month and I have already secured a great job. This video couldn't have come in a better time. I like how your content is tailored to the Malaysian experience and it feel like eveything you've said is directly applicable to my situation. I especially appreciate the nuance points you made that hardly anyone mentions, that is, YT premium, a gym membership, and a great partner. I 100% agree with you, thats why I have successfully secured them all buahahaha! Anyways, thanks.
Also, I'm looking to get a credit 3 months after my job begins. Mind helping me (us) out with that?
Awww thank you for the lovely comment Zachary, can’t be happier for you🫶🏻
Credit in 3 months? That’s a little bit rushed, credit card/car/house loan usually requires 3-6 months salary slip upon employment confirmation.
Non-bank sources could be something like personal loan, pay later - though i personally don’t encourage it, unless reallllyyy necessary then…
Sad reality your getting 3k as fresh grad mechanical engineer 6 years ago when nowadays 2.6k is a pipe dream
I pay my fresh grad employees >3.5k starting (even with diploma), but it's sad to know there are companies taking advantage of fresh grads not knowing the market
very nice and informative sharing.always be smart with money
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)
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)☺️
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
Great content. However, from my experience, 20% savings/ investment is barely enough. Aim for 40-60%
That’s the goal!
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.
Hello ajiqko! Appreciate the questions you've sent in, and dont worry there's no bad questions!
1. Both ASB and ETFs have their benefits. ASB gives stable returns (~5-6% annually), while ETFs like the S&P 500 offer higher potential growth (8-10% historically) but with more risk. Since you already have a large portion in ASB, diversifying a bit into ETFs (in my opinion) is a good idea to balance growth and stability.
2. Can check out this video i've made before, a bit outdated but most of the details should still stand: ruclips.net/video/tLlnkbeGkVM/видео.htmlsi=cPWfw53FcGR117yR
3. Personally i'd start with DCA for smaller amount of capital, lump sum works too down the road, but historically DCA is an easier to follow strategy for starters!
4. I'd say a mixture of both is good, maybe half/half but then again, it depends on your personal finance situation which I may not have full detail of.
What I say can just be used as a general guidance, most importantly, you know your own finances and situation better so tweak accordingly - good luck!
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 🗿
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!
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!
Is a Medical Card still necessary for a civil worker?
Oh that depends on what kind of coverage your employer provides, some could be full/partial or minimal
thank you
Hey Ziet awesome video helping freshgrads like us to start budgeting and managing our finances!
On that note, is there any point to adding voluntary contributions to my EPF? I still live with my fam and I end up saving about 80% of my income
Good question! I don't do that personally (just contribute the statutory minimum) because cash to me is opportunity cost, which i know i can utilise it better - in my business/stock market. Hope this helps!
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)
Thanks for the reply, much appreciated 🙏
LOL
My first salary,
I got myself nothing.
Except paying mobile phone bill, transport petrol bills, road tax, vehicle insurance... etc.,
that's all.
The leftover,
just keep in bank saving account.
I buy and pay all the necessities only.
If I still can get my mum to pay it for me,
I will.
LMAO
Yeahh as for me never missed give my mother monthly allowance 10%of my gross salary … so far lah although sometimes she will give me back because my poor spending habits 😂😂😂… but it’s a good gesture… 😆😆😆
That is so lovely to know! I'm sure your mum appreciates that gesture a lot❤️
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
Appreciate the detailed video! Could you please elaborate on why you think investment-linked insurance is a waste of money and time?
I was 19 when I first signed up for it under the influence of my parents. And now I had to pay for the insurance premium until I’m 24😢
Hi, it's not the worst case scenario, although its definitely not a good/great use of money to grow our wealth (in my opinion).
The main issue with ILPs is that they combine insurance and investment, but neither is particularly optimized. The fees for the investment portion tend to be high, which eats into your returns, while the insurance coverage might not be as comprehensive compared to standalone policies. Essentially, you're paying a premium for convenience but may lose out on better returns and coverage elsewhere.
Can read more on their fact sheet (the fees you're paying) versus the returns from general ETFs like the S&P 500 (VOO) or VTI. Hope this clarifies!
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!
is it wise to buy a car completely by cash?
In most cases (imo), nope, because of opportunity cost where you can get better returns on your cash (even with money market fund or just some diversified ETFs).
But if one is not savvy with financial products at all, and might splurge/lose on the extra cash, then paying more cash for a car makes sense.
Kawan saye share video ni
Jujur saye takut sebenar nye
Tapi saye cube....
Well harap harap li ni tak de masalah
all the best bro. sikit2 lama2 jadi bukit
@ZietInvests tq bang, saye dah masuk li dah ni
So far ok lah haha
Started from 1.5K up until 3K now I still dont have any savings because of my parents debt hahaha
🫣keep pushing and work hard! One day you'll look back and be glad you went through it, because tough times like these build your grit!
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
My first salary? It was my driving license.
Best investment (expenditure) ever 😆
hello, can i ask if asb considered as saving or investment? rought paid around 4++ monthly
I'd say ASB is more like a hybrid-it’s a savings tool with investment-like returns. If you’re contributing RM4++ monthly, it’s closer to disciplined savings, but the compounding returns make it feel like an investment too.
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
Man, life is tough
🫣
why people follow this guide as if it is guaranteed financial success? Hmmm
Why do u even end up here? Dont be such boomer or hater lol
@@fizyox1849 This video randomly appeared on my RUclips homepage, and honestly, it's frustrating. I didn't even finish watching it, and I immediately marked it as 'Not Interested.' It's just irritating that people like you are defending this kind of content really make it worse. Please think before you comment or defend it, use your brain wisely
It won’t guarantee financial success, but it gives new grads some direction to start with
No worries, if you'd think these guides are useless it just means you are not the target audience, or its a knowledge that's well past your age/current needs. There are tons of fresh grads/students that would appreciate the guide (if any, i'm sure i would if i were to rewind back in time) :)
ads block free, why need to pay
that could work - but have you checked out the Honey exposé, the adblock plugin could be doing the same thing too (though to be fair their developer are not the same)
Man..i cant save with rm1500 salary 💀
Is ok we all start somewhere, saving is necessary but survival will always be the priority🤭
hi Ziet how much does youtube pay u😊
Not much to be frank, few thousands MYR a month in adsense considering I run a small company (5 full-time employees) behind it!
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
8:25 can consider riding a motorcycle
Possible, but it does come with higher risk which i personally wont recommend thou, esp in malaysia 😂
I grow up learning robert kiyosaki books. Im fresh grad last year. My salary is 6k. Unlike others, i save 4k every single month till today while finding an opportunity to grow up my money
that's alot! good job!!
👍
❤️
my first salary i bought a Chelsea boots for Rm200ish 😂 i used that boots when i continue study and now im still using that same boot for my internship 🫶
wow damn that is a long-lasting pair of boot, well worth the RM 200+!