Do This EVERY Time You Get Paid (Fresh Grad Salary Routine)

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  • Опубликовано: 6 дек 2024

Комментарии • 55

  • @dausdk
    @dausdk 2 дня назад +6

    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! 🙌

    • @ZietInvests
      @ZietInvests  2 дня назад +1

      they can be a good choice too for the liquid savings + high interest yield!

  • @user-10YearsChallange
    @user-10YearsChallange 2 дня назад +2

    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!

  • @propertystories
    @propertystories 2 дня назад +4

    Very good video not just for beginners but as a refresher to stay consistent. Income increase lifestyle don't increase.

  • @rainserene
    @rainserene 3 дня назад +15

    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 😅

    • @cholafolotiya5811
      @cholafolotiya5811 2 дня назад +3

      You're absolutely correct. No matter the amount - building discipline is by far the toughest part of the wealth building journey

    • @ZietInvests
      @ZietInvests  2 дня назад +1

      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 ☺️

    • @Xereous
      @Xereous 5 часов назад

      Which platform you invest in gold ?

  • @shahrulrizal5992
    @shahrulrizal5992 3 дня назад +4

    great video ziet 🔥

  • @muhammadfirdaus5196
    @muhammadfirdaus5196 2 дня назад +3

    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.

    • @ZietInvests
      @ZietInvests  2 дня назад +2

      Being in a field that pays better + a company that values you = win win!

  • @ronrj1359
    @ronrj1359 2 дня назад +4

    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.

  • @raulgaming1000
    @raulgaming1000 День назад +1

    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

    • @ZietInvests
      @ZietInvests  День назад

      We’ve all been there, done that

  • @kdhfkrls
    @kdhfkrls 3 дня назад +1

    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.

    • @ZietInvests
      @ZietInvests  3 дня назад

      Keep it up! Engineers are one of the most versatile graduates☺️

  • @Tee.S.H.
    @Tee.S.H. 2 дня назад +1

    saving is a long term habit.... need a hard push on started and will get smoother along the way.🤑

    • @ZietInvests
      @ZietInvests  2 дня назад +2

      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)

    • @Tee.S.H.
      @Tee.S.H. 2 дня назад +1

      @@ZietInvests Agreed 👍👍

  • @shahnonziyad
    @shahnonziyad 3 дня назад +1

    Nice video ziet always delivers

  • @muthuvinayagamsivam3518
    @muthuvinayagamsivam3518 49 минут назад

    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.😅

  • @Whatexactlyispeace
    @Whatexactlyispeace 2 дня назад +2

    Great content. However, from my experience, 20% savings/ investment is barely enough. Aim for 40-60%

  • @leoyap123
    @leoyap123 День назад

    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?

  • @dannychong6688
    @dannychong6688 3 дня назад +2

    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

    • @ZietInvests
      @ZietInvests  3 дня назад +3

      Don’t ever regret from any losses - we still win from the lessons learnt (and its never too late to change)☺️

  • @christophermullen7539
    @christophermullen7539 36 минут назад

    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

  • @amirrashid-d2e
    @amirrashid-d2e 2 дня назад +3

    first salary fixed my crooked teeth haha

    • @ZietInvests
      @ZietInvests  2 дня назад +1

      And….it’s probably paying dividends until today, and forever!

  • @kyon7262
    @kyon7262 2 дня назад +1

    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~

    • @ZietInvests
      @ZietInvests  2 дня назад +2

      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!

    • @kyon7262
      @kyon7262 2 дня назад

      @@ZietInvests Alright! Thanks for the explanation!

  • @TanYuXiang
    @TanYuXiang День назад

    Hi, why do you not invest in the snp500? Where the annual return is around 8-10%

    • @ZietInvests
      @ZietInvests  День назад +2

      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!

  • @francisseling5032
    @francisseling5032 3 дня назад +2

    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 😂

    • @ZietInvests
      @ZietInvests  3 дня назад +2

      Oh hey it’s something we use day in day out right! That’s more like a “need” to me🤭

  • @punkagrrlzero
    @punkagrrlzero 2 дня назад

    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.

    • @ZietInvests
      @ZietInvests  2 дня назад

      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

  • @acm2125
    @acm2125 3 дня назад +1

    Oh my paying for youtube premium is such a BS advise when you can just install an adblocker for free of pc or mobile

  • @strongestapes
    @strongestapes 3 дня назад +1

    1:23 Langkawi mentioned Raaaah 🗣️

  • @Obaid90
    @Obaid90 5 часов назад

    Man, life is tough

  • @potatoez2149
    @potatoez2149 День назад

    What about when you're not so fresh anymore

    • @ZietInvests
      @ZietInvests  День назад

      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

  • @Mohonta-r7t
    @Mohonta-r7t 2 часа назад

    Bro im from bangladesh im work in malaisheya naw distim im joning your grop piz hillp me

  • @strongestapes
    @strongestapes 3 дня назад

    I thought Robert Kiyosaki doesnt like stock.

    • @samuelzev4076
      @samuelzev4076 3 дня назад

      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

    • @ZietInvests
      @ZietInvests  3 дня назад

      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

  • @jimmylingjiengming9415
    @jimmylingjiengming9415 День назад

    Pay debts

    • @ZietInvests
      @ZietInvests  День назад

      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!

    • @jimmylingjiengming9415
      @jimmylingjiengming9415 22 часа назад

      @ZietInvests exactly my point