Apa yang Akan Gua Lakukan Kalau Punya Gaji UMR

Summary

In this video, the speaker shares how they would manage their life on an UMR salary (5 million IDR in Jakarta). Focusing on strict budgeting, they allocate funds for essentials like rent, food, transportation, and utilities, leaving 1.8 million IDR for investment. The speaker advocates for aggressive investments in assets like Bitcoin and local stocks to grow their wealth, bypassing traditional savings methods or emergency funds. This strategy aims for long-term wealth accumulation, potentially allowing early retirement within 10-15 years, based on reinvesting returns. The video offers practical insights for anyone seeking to maximize limited income.

Takeaways

• 😀 The video discusses how to manage a salary at the UMR (minimum regional wage) level, focusing on investments and financial strategies.
• 😀 The speaker was challenged by a friend to think about how to invest while earning UMR, which led to the creation of a detailed financial strategy.
• 😀 The speaker emphasizes the importance of using the current salary for basic living expenses and detailed budgeting without assuming higher future income.
• 😀 The speaker outlines basic monthly expenses in Jakarta: 1.5 million IDR for housing, 1 million IDR for food, 500,000 IDR for transportation, and 200,000 IDR for utilities.
• 😀 The video suggests no room for entertainment or leisure activities in the budget, as all funds are used for basic survival and necessities.
• 😀 A key strategy for managing a UMR salary is focusing on aggressive investments to grow wealth, despite not being able to increase income through side hustles or overtime work.
• 😀 The speaker considers trading and investing in volatile markets, like Bitcoin, to achieve high returns. They aim for a 30% annual growth rate from their investments.
• 😀 Half of the speaker’s 1.8 million IDR monthly budget would be invested in Bitcoin, based on its historically high compound annual growth rate (CAGR).
• 😀 Another strategy involves splitting investments between Bitcoin and stable local stocks, like Bank Mandiri, to ensure long-term growth with dividend returns.
• 😀 The speaker concludes by envisioning long-term financial growth, predicting that after 10-15 years, their portfolio will surpass their UMR salary, allowing them to retire early and live off investment returns.

Q & A

What is the main challenge the speaker is discussing in the video?

The main challenge is managing a salary based on the minimum wage (UMR) while trying to build wealth, considering the speaker's current financial limitations and skills.

Why does the speaker mention not being able to invest in self-education (leher ke atas)?

The speaker is restricted by the challenge they set for themselves, which does not allow them to invest in personal development like learning new skills or buying books. They must focus on investing the existing money with limited resources.

How does the speaker plan to handle living costs in Jakarta on a UMR salary?

The speaker budgets for essential needs, including rent (1.5 million IDR for a modest kos-kosan), food (1 million IDR), transportation (500,000 IDR), and utilities (200,000 IDR), leaving them with approximately 1.8 million IDR for potential investments.

What is the speaker's approach to investment when their income is fixed?

The speaker suggests taking an aggressive investment strategy, primarily in high-risk assets like Bitcoin, aiming for long-term growth. They focus on aggressive strategies because their income is stable and predictable.

How does the speaker view the role of income stability in choosing an investment strategy?

The speaker believes that with stable income, an aggressive investment strategy, such as in Bitcoin or stocks, is appropriate. However, if income were unstable, a more conservative and stable investment strategy would be needed.

What type of investments does the speaker consider with the remaining 1.8 million IDR?

The speaker would allocate 50% of the funds into Bitcoin due to its high historical growth rate, and the other 50% into stable local stocks like Bank Mandiri to benefit from dividends and long-term growth.

Why does the speaker emphasize saving and being frugal?

The speaker emphasizes frugality because they are working with a limited income (UMR) and must minimize unnecessary expenses to focus on long-term investments. They avoid spending on entertainment and luxuries to build wealth over time.

What is the speaker’s long-term financial goal?

The speaker's long-term goal is to grow their investment portfolio to the point where passive income from their investments surpasses their UMR salary, allowing them to achieve financial independence without having to rely on their salary.

What is the rationale behind the speaker’s decision to avoid emergency funds or insurance?

Since the speaker is focusing on aggressive investing with their UMR salary, they believe they can manage without emergency funds or insurance. They prioritize growing their portfolio and believe that financial discipline and investing aggressively will yield better long-term returns.

What does the speaker predict about the growth of their investments over the next 10-15 years?

The speaker estimates that their investments, primarily in Bitcoin and stocks, could grow to between 100 and 140 million IDR over 10 years, assuming a 30% annual return on their Bitcoin investments. They plan to continue investing aggressively and growing their wealth.