Age: 34
Occupation: Financial Advisor working under investment banks
Working duration: 6 years
Commission earner: 1.1M on 2021, 1.6M on 2022, this year 2023 should be higher
Marital Status: Just married, 1 daughter
*Have some small other 7 F&B franchise businesses not collected any profit yet, I am a small shareholder of sleeping partner*

Savings/Assets:
1. Saving RM 100K
2. PRS 520K, (I pay alot PRS due to I no longer contribute EPF)
3. EPF 130K
4. Started collecting branded watches this year value: RM 230K, easily sell to any 2nd hand reseller at RM 180K (Audemars Piguet)
5. Myvi 2012, full payment mum driving
6. Crz 2013, full payment dad driving

Total Assets: 930K, (not including mum and dad’s car)

Liabilities:
1. Property A under loan repayment another 30 Years, monthly repayment RM 2000
2. Property B under loan repayment another 30 Years, monthly repayment RM 1900
3. Subaru BRZ 2014, under loan repayment another 8 more months, monthly repayment RM 2300 (this can be asset after 8 months)
4. Upcoming Brand New Porsche Taycan GTS 2023, under loan repayment another 9 years upcoming on Oct 2023, monthly repayment RM 8500
5. Insurance, RM 3600 per month, alot of life insurance
6. Maid, RM 1850 per month
7. Upcoming liabilities for next year seeking property at 2.8M loan @ monthly repayment around 12K per month on 2024
8. High maintenance wife 🤣, not declaring amount

Updating 1 yr 3 mths later (As of Dec 22)

Age: 28
Occupation: S.Exec in Listed Company
Salary: RM 5.5k
Marital Status: Attached

Liability:
Study loan: Cleared
Car loan: RM 18.9k
House loan: RM 295k

Assets:
EPF: RM 52.2k
Stock: RM 19.2k
FSM: RM 2.3k
ASNB: RM 2.8k
Robo #1 Stashaway: RM 6.2k
Robo #2 Akru: RM 1.5k
Robo #3 KDI: RM 1.1k
Cash in KDI Save (3.5% pa): RM 13k

Cleared PTPTN with a 15% discount in early 2022 by emptying the emergency fund. Signed S&P for a residential project in early 2022. Will be getting a promotion in Q1 2023 to AM with 8k salary.

To-do list:
1. Bump up the emergency fund
2. Review/consolidate contributions to ETFs
3. Budgeting & saving for reno + marriage

Age: 34
Occupation: Financial Advisor working under investment banks
Working duration: 6 years
Commission earner: 1.1M on 2021, 1.6M on 2022, this year 2023 should be higher
Marital Status: Just married, 1 daughter
*Have some small other 7 F&B franchise businesses not collected any profit yet, I am a small shareholder of sleeping partner*

Savings/Assets:
1. Saving RM 100K
2. PRS 520K, (I pay alot PRS due to I no longer contribute EPF)
3. EPF 130K
4. Started collecting branded watches this year value: RM 230K, easily sell to any 2nd hand reseller at RM 180K (Audemars Piguet)
5. Myvi 2012, full payment mum driving
6. Crz 2013, full payment dad driving

Total Assets: 930K, (not including mum and dad’s car)

Liabilities:
1. Property A under loan repayment another 30 Years, monthly repayment RM 2000
2. Property B under loan repayment another 30 Years, monthly repayment RM 1900
3. Subaru BRZ 2014, under loan repayment another 8 more months, monthly repayment RM 2300 (this can be asset after 8 months)
4. Upcoming Brand New Porsche Taycan GTS 2023, under loan repayment another 9 years upcoming on Oct 2023, monthly repayment RM 8500
5. Insurance, RM 3600 per month, alot of life insurance
6. Maid, RM 1850 per month
7. Upcoming liabilities for next year seeking property at 2.8M loan @ monthly repayment around 12K per month on 2024
8. High maintenance wife 🤣, not declaring amount

Age: 34
Occupation: Financial Advisor working under investment banks
Working duration: 6 years
Commission earner: 1.1M on 2021, 1.6M on 2022, this year 2023 should be higher
Marital Status: Just married, 1 daughter
*Have some small other 7 F&B franchise businesses not collected any profit yet, I am a small shareholder of sleeping partner*

Savings/Assets:
1. Saving RM 100K
2. PRS 520K, (I pay alot PRS due to I no longer contribute EPF)
3. EPF 130K
4. Started collecting branded watches this year value: RM 230K, easily sell to any 2nd hand reseller at RM 180K (Audemars Piguet)
5. Myvi 2012, full payment mum driving
6. Crz 2013, full payment dad driving

Total Assets: 930K, (not including mum and dad’s car)

Liabilities:
1. Property A under loan repayment another 30 Years, monthly repayment RM 2000
2. Property B under loan repayment another 30 Years, monthly repayment RM 1900
3. Subaru BRZ 2014, under loan repayment another 8 more months, monthly repayment RM 2300 (this can be asset after 8 months)
4. Upcoming Brand New Porsche Taycan GTS 2023, under loan repayment another 9 years upcoming on Oct 2023, monthly repayment RM 8500
5. Insurance, RM 3600 per month, alot of life insurance
6. Maid, RM 1850 per month
7. Upcoming liabilities for next year seeking property at 2.8M loan @ monthly repayment around 12K per month on 2024
8. High maintenance wife 🤣, not declaring amount

Whoa bro you need RM40k to pay bills monthly,
and you have so little in cash compared to your RM1.6million income

And that income is not salary but commissions,
if me i would be very worried with so much  bills to pay relying on commissions

Age: 34
Occupation: Financial Advisor working under investment banks
Working duration: 6 years
Commission earner: 1.1M on 2021, 1.6M on 2022, this year 2023 should be higher
Marital Status: Just married, 1 daughter
*Have some small other 7 F&B franchise businesses not collected any profit yet, I am a small shareholder of sleeping partner*

Savings/Assets:
1. Saving RM 100K
2. PRS 520K, (I pay alot PRS due to I no longer contribute EPF)
3. EPF 130K
4. Started collecting branded watches this year value: RM 230K, easily sell to any 2nd hand reseller at RM 180K (Audemars Piguet)
5. Myvi 2012, full payment mum driving
6. Crz 2013, full payment dad driving

Total Assets: 930K, (not including mum and dad’s car)

Liabilities:
1. Property A under loan repayment another 30 Years, monthly repayment RM 2000
2. Property B under loan repayment another 30 Years, monthly repayment RM 1900
3. Subaru BRZ 2014, under loan repayment another 8 more months, monthly repayment RM 2300 (this can be asset after 8 months)
4. Upcoming Brand New Porsche Taycan GTS 2023, under loan repayment another 9 years upcoming on Oct 2023, monthly repayment RM 8500
5. Insurance, RM 3600 per month, alot of life insurance
6. Maid, RM 1850 per month
7. Upcoming liabilities for next year seeking property at 2.8M loan @ monthly repayment around 12K per month on 2024
8. High maintenance wife 🤣, not declaring amount

Ladies and Gentlemen, member of the press,

I am new here
May I ask you all the following questions. As LYN has very vast pool ppl from all kind of backgrounds, so this is going to be a good pool of
information sharing.

I want to learn if my existing financial status and net worth is healty, lousy, etc.

So I want to share my info and hope you can share your info too. Please follow the format. At the end of the sharing, you can add your comment/advice.
Age: 28
Occupation: Service Engineer
Marital Status: Not Married but got gf.
Asset(s):

House (2 stories)-
RM220k Outstanding Loan: RM 98k  15 years more

Car (Japanese car)-
Market Value: RM 60k Outstanding Loan RM 45k 4 years more
Liability (ies):
Study loan: RM115k -borrowed from my uncle and he say when he need money will ask from me, any moment(cash)!
Parents, sorry ah pa and ah ma to call you all liability

Insurance:
Life: RM20k

Investment:
Bond: RM20k
FD: RM 220k

Cash in hand
RM10k

Age: 27
Occupation: banker
Marital status: single

Asset:
Cash in multiple currencies = 30k
FD = 10k
Stocks = 24k
Unit trust = 23k
PRS = 12k
EPF = 97k
ASNB = 117k

Liabilities:
Property loan = 350k (already dumped in extra 50k)
Car loan = 68k

Income = 5.3k monthly + commission average 2-3k monthly
Commitment monthly = 5100 total

Am I doing ok for my age? Any advice? Thanks

Would like to review my portfolio's performance after two years time.
I am planning to purchase another property in next 1-2 years time with price around RM 650k. Is my current saving and spending rate healthy? any advice to further increase my wealth? Thanks

Age: 29
Occupation: Banker
Marital status: single

Asset:
Cash in multiple currencies = 24k
Stocks = 13.5k
Unit trust = 40k
PRS = 15.7k
EPF = 171k
ASNB = 142.5k

Liabilities:
Property loan = 338k (payment in advance 70k)
Car loan = 52k

Income = 7k monthly gross salary + commission average 2k monthly + rental income 1.5k monthly
Commitment monthly = 5500 total

Whoa bro you need RM40k to pay bills monthly,
and you have so little in cash compared to your RM1.6million income

And that income is not salary but commissions,
if me i would be very worried with so much  bills to pay relying on commissions

Question to you :-
1. Does your PRS returns win over EPF over the years ?
2. Why do you think the BRZ is an asset ?
3. Are Property A & B covered by their rental income ?
4. When RM millions commission dry up, what's your backup plan ?

Clearly "earn more spend more" mantra is not very safe strategy.

Living a very high life, lifestyle is being funded by commission. Once that water tap shuts, really 404.

If annual income around 1 mil, 6 years of work only getting less than 1 mil net worth. I am not sure where most money is spent.

Age: 34
Occupation: Financial Advisor working under investment banks
Working duration: 6 years
Commission earner: 1.1M on 2021, 1.6M on 2022, this year 2023 should be higher
Marital Status: Just married, 1 daughter
*Have some small other 7 F&B franchise businesses not collected any profit yet, I am a small shareholder of sleeping partner*

Savings/Assets:
1. Saving RM 100K
2. PRS 520K, (I pay alot PRS due to I no longer contribute EPF)
3. EPF 130K
4. Started collecting branded watches this year value: RM 230K, easily sell to any 2nd hand reseller at RM 180K (Audemars Piguet)
5. Myvi 2012, full payment mum driving
6. Crz 2013, full payment dad driving

Total Assets: 930K, (not including mum and dad’s car)

Liabilities:
1. Property A under loan repayment another 30 Years, monthly repayment RM 2000
2. Property B under loan repayment another 30 Years, monthly repayment RM 1900
3. Subaru BRZ 2014, under loan repayment another 8 more months, monthly repayment RM 2300 (this can be asset after 8 months)
4. Upcoming Brand New Porsche Taycan GTS 2023, under loan repayment another 9 years upcoming on Oct 2023, monthly repayment RM 8500
5. Insurance, RM 3600 per month, alot of life insurance
6. Maid, RM 1850 per month
7. Upcoming liabilities for next year seeking property at 2.8M loan @ monthly repayment around 12K per month on 2024
8. High maintenance wife 🤣, not declaring amount

Question to you :-
1. Does your PRS returns win over EPF over the years ?
2. Why do you think the BRZ is an asset ?
3. Are Property A & B covered by their rental income ?
4. When RM millions commission dry up, what's your backup plan ?

Clearly "earn more spend more" mantra is not very safe strategy.

Latest here, I did try to adjust more saving ratio by lowering my entertainment expenses. The nature of my job required high spending to sustain my income to bring in more sales and overriding.

Saving/Asset:
1. Saving: 260K
2. PRS: 570K
3. EPF: 130K
4. Watch Value: 180K Min (AP)
5. Myvi 2012 full payment
6. Crz 2013 full payment
7. Brz 2013 full payment

Liabilities:
1. Property A, 30 Years, RM 2K monthly
2. Property B, 30 Years, RM 2K monrhly
3. Porsche GTS 2023, RM 8.5K monthly
4. Insurance RM 3.6K monthly
5. Maid RM 1850 monthly
6. Upcoming housing loan, RM 12K monthly on 2024
7. Still high maintenance wife

Nearly end of 2023, let me add to this topic for posterity.

Age: 50
Occupation: Work at a Bank
Martial status: Single n available 😎 (Divorced with 1 kid)

Financial.Assets (MYR value)
Emergency Fund (ASB n Flexi) = 220k
DIY portfolio (stocks, bonds, etf, funds) = 1.3M
KWSP = 2.4M
PRS = 60k

Real Estate (est market value)
House 1 = 950k (own stay)
House 2 = 800k (parent stay, no rent)
Land = 300k

Liabilities
Housing loans = 380k
No other loans
Son already at uni n his funding separately provided for

Nearly end of 2023, let me add to this topic for posterity.

Age: 50
Occupation: Work at a Bank
Martial status: Single n available 😎 (Divorced with 1 kid)

Financial.Assets (MYR value)
Emergency Fund (ASB n Flexi) = 220k
DIY portfolio (stocks, bonds, etf, funds) = 1.3M
KWSP = 2.4M
PRS = 60k

Real Estate (est market value)
House 1 = 950k (own stay)
House 2 = 800k (parent stay, no rent)
Land = 300k

Liabilities
Housing loans = 380k
No other loans
Son already at uni n his funding separately provided for

Nearly end of 2023, let me add to this topic for posterity.

Age: 50
Occupation: Work at a Bank
Martial status: Single n available 😎 (Divorced with 1 kid)

Financial.Assets (MYR value)
Emergency Fund (ASB n Flexi) = 220k
DIY portfolio (stocks, bonds, etf, funds) = 1.3M
KWSP = 2.4M
PRS = 60k

Real Estate (est market value)
House 1 = 950k (own stay)
House 2 = 800k (parent stay, no rent)
Land = 300k

Liabilities
Housing loans = 380k
No other loans
Son already at uni n his funding separately provided for

Bravo. From his inspiring numbers, can you share with us, how did you reach to this level? I mean you are a good son, and you look after your own retirement well, together with a child.

Would you say the industry you are in allow you to get this portfolio?  Or was it the right investment that led you to today's number?

Are you going to retire soon or are you in a very good position in the company that you are happy to stay there?

That's a commendable portfolio bro, and well done to achieve these at 50
You must be at senior management level in banking at the very least.

incredible. you are future tycoon.

1. assuming the house when u initial purchased is 220k, outstanding loan 98k, so
220k-90k = 130k DOWNPAYMENT.

2. BOND = 20K

3. FD = 220K

4. CASH = 10K

TOTAL = 130K + 20K + 220K + 10K = 380K

You 28, service engineer, assume u graduated at 23(the earliest), working experience = 5 years.

RM 380,000/60 MONTHS = RM 6333

RM 6333 excluding all your expenses.

this is very healthy, but, i think it is bullshit more than anything.