Forbes only reveal the top 40, here's my humble script on the upper part of this site that will generate your position in the rich list of Malaysia. Here's your chance to find out. Try them.

Well, I am not in the top 10% or top 15% richest Malaysia in the rich list, but I am grateful for what I am now, but I will not give up. Hopefully the Malaysia Rich list can provide you some visualisation moving towards your goals to financial planning. No matter you are rich or poor, I sincerely hope that you will feel grateful to everything even it seems to be out on your way. For example, if I am not in the 15% percent richest, I would put a goals to ahieve that in 5 or 10 years time to reach 15%. If you want to be happy, feeling grateful is the pre-requisite to happiness.

After all, the truly successful person doesn't come with only wealth but being abundant in all aspect of life.

Here's the list of data sources:

The Malaysia rich list is calculate using the break down of annual income for different income groups, in this

way, we can ensure the exact percentage and calculate accurately according to the group. Which mean if your annual income falls into different group income, the calculation will be based on the income group percentage to rank you in the Malaysia rich list.

Below is the break down of annual income and group:-

Income group percentage	Individual annual income (MYR)
Below 10 percent	< ~1,200
Below 20 percent	< ~1,700
Below 50 percent	< ~2,800
Below 85 percent	< ~7,200
Above 10 percent	> ~84,000
Above 5 percent	> ~112,000
Above 1 percent	>~156,000

Sources: Department Of Statistics Malaysia
Salaries & wages paid increased by RM91.3 million or 4.7% in November, 2007 compared with RM1,938.0 million spent a year ago. The total amount paid in November, 2007 was 0.8% or RM15.6 million higher than RM2,013.7 million spent in October, 2007.

Disclaimer:
The Malaysia rich list has no guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose. It was intended as a guideline. Million Ringgit Homepage and the owner of this domain assumes no liability for the use of the application and the information generated.

Have you played this game before? I have long heard about the existence of the board game but I had never play them before. I got the Egames 101 & 202 (you can see the screenshot here) from a friend and started playing it few month ago. Egames 101 & 102 really allowed me to experiment different scenarios dealing with money in a virtual environment, apart from getting to experiment safely, it also teaches me the fundamentals of money. Since it's computer games, you don't have a hard time getting others interested in playing the boardgames, you can actually played against computers.

If you are in the midst of getting started to get money working for you and aren't good in saving, you can get some clue from the games how to start off using different strategies at your choice. If you are new to stock option, you can actually get some basic fundamental concepts of trading stocks from the gameplay. Isn't that interesting?

Let's take a brief look into the game, in version 101, you can choose small deal(under $5000) or big deal(above $5000), while in version 202, it's either cash flow or capital gain. When I first started, I would always go for cash flow as I wanted to enter the rat race as soon as possible, but given that you may not have a lot of money at the beginning, I would look for capital gains, so that I can afford a bigger deals, given that majority of capital gains are stock purchases, you may either lose money in your investment or earn from there (you gonna take the risk). If you don't do that and play it safe, you may go round and round before you run across a deal that you can afford. Therefore, you need to have cash on hand, pretty much like real life, if you don't have money, even a good opportunity comes, you may not have chance to grab. If you don't start out with decent amount of cash on hand, you may not win the game fast or you may not achieve your financial goals soon.

Lastly, the game has taught use that no matter you are soldier, teacher or a rich doctor. You can win the game (financial independent) starting anywhere. It's not how much you earn that make the different, it's how you manage your money that make the different. A great learning environment that is good to apply some of those principles in your own life. Enjoy !

Everyone has their own way to manage their money, if you do not have one yet, probably you may want to starts off by picking one that best suits you and convenient to you. For years, I do not have a proper way in managing my money, I simply wrote them down in a piece of paper 2 or 3 days before the paycheck reaches me or sometime in an excel spreadsheet. I started off with a simple one, income minus expenses and the balance will be my cashflow, merely use for entertainment. It served the purpose for me to know how much I can spend on that particular month after minuses all my loans/debts and expenses. It works fine for me and sometimes it doesn't matches what I had planned earlier, how much I can spend and how much I can save, I would say most of the time, I'll overspent.

It's inevitable doodad or temptation would cause you to overspent that month, no matter how magnificent your plan is, without discipline, the plan won't succeed. I learned the hard way and earlier I had mentioned that I wrote them down in a piece of paper or excel spreadsheet, I do not kept or file them anywhere. I just memorized them and spent accordingly to the figure in mind. Although previously method served the purpose but it's not the way, because I do not know where the money goes. So, one free day I sat down and think, what's the best way to enhanced my financial situation to better track my money as well as saving more money. I came out with all these questions and answered them.

1) What's my objective for saving?
2) What's my goals after saving?
3) What strategies can I use?
4) What tools available that I can use to better track my money?
5) Am I wasting time planning all this?

After answering all the questions, now that I know what I want. I have a better picture of what is my objective and goals, I am better now to manage my money because I have a goal to achieve that would review back after 6 months whether I am wasting time or not. I scoured the internet looking for the best available software to track my money. You can find the best personal finance software here. If you find it complicated, you may want to start off with this excel spreadsheet that come with charts.

I had never tried Quicken, but I like Microsoft Money so far, although for Malaysian, we are unable to download our financial information to the application but we can manually create transaction and bump in all transaction from account created. It works perfect for me, now that I can track where my money goes with all the reports provided inside Microsoft Money. The only things that I need is disciplined to sticks to my goals and update it regularly.

There are many available free personal finance budgeting online, unfortunately, it was not meant to be use by country outside United States as these online personal finance site are able to let you download your financial details from the bank to your open account in the website and help you track your transaction and the good thing about it is that you can learned from other members of this site to exchange ideas and discussed.

1) Wesabe
2) Mint
3) Expensr

Lastly, how do you manage your money? whether is it necessary for me? I would say "YES", personal finance is for everyone, let's take a look at a bigger picture, a country need to have proper financial management to determined the in/out flow of money to ensure better economy. A company need to have proper financial management to ensure business sustainability. Finally, individuals need to applies personal finance to prevent money problems from happening to you. The no.1 stress in Malaysia is money, do you want to be stress free? I bet you would say "YES". Start now then…