The one who sent me to hospital was a closed friend that we didn't see each other for many years, when i gave him a call, he came and helped me and cancelled his job travelling to Penang that day. Really appreciated it.

My plans are full i have too many hobbies. And for the past 40 years, i almost never stop gaming (yup, i started gaming very early, during Atari and handheld era), and until now i still play 1 to a few hours of games a day.


I thought i would say no to anyone who came to borrow money from me, but these 2 guys were quite closed to me, we talk, come out having foods, and play games together quite often, when they came to me, i just thought it would be ok and assumed they will be difference from the rest, turned out to be the same (they do have the money to pay me back, but just don't want to pay back may be thinking those are small money for me and thought i wouldn't mind).

After these 2 guys, i will firmly say no to anyone who comes to borrow money from me

This post has been edited by HolyCooler: Nov 20 2024, 04:51 PM

Ahh, i missed out this part. This friend i will definitely help him with the 50k, he saved me a few times in crucial situations. There should be a few really outstanding friends which should be excluded from the rule.

Very similar to me, also a few years went thru HUGE changes (only diff was i had 5 digits salary for a long time). All of these were the combination of hard work, smart work, and i think most importantly, is the LUCK. For my case, without the LUCK, no matter how hard and how smart i worked, wouldn't have such big difference now. I appreciate everything i have, i never look down anyone and i try to help people as long as i can

The way i am counting it probably is different from most people, i always trying the best but expecting the worst.

1. Even if EPF is > 5% and FD is > 3.5% now, i always calculate the return using lower %, so far i am using averagely 3%. For example, if i have 2mil in EPF and 2mil in saving, most people will calculate EPF return to be 5% and FD return to be 3.5%, but i combine them together and calculate as 3%, so my case, i expect my yearly return is 4mil x 3% which is 120,000. And assume i have 10k return per month.

2. And if i have 5mil, i wouldn't take all this 5mil into calculation, i would take out 500k, and only count 4.5mil to have return. The 500k i will put aside altho they are generating return, this will give me some buffer / safety feeling.

3. I wouldn't use salary as a gauge, i will use my expenses as a gauge, example, if i am spending 6k per month, i will mark up it to be 8k (if my electric bill is 300 averagely, i will calculate it as 500, if phone bill is 200, i will make it 300, i exaggerate everything), and to make me feel even safer, i will increase 2k extra and assume my monthly expenses is 10k . And then based on this 10k, i need to make sure my passive income is at least 15k based on the 3% return rule i set for now. This way, not only i have more buffer, i know i can save a few k per month or i can spend a few K extra to do anything.

4. Besides the 500k mentioned on (2), i will also reserve some money for me to buy a new car every 6-10 years. This money wouldn't be calculated into the return too altho they do bring in return. So it would be 500k reserved + some money for cars to be reserved + the 4.5mil treats as having actual return.

I am playing very safe before i move to FIRE (retiring at 40+ seems to have quite some uncertainties, so better plan really safe). My passive income will be generating from FD, ASM/ASNB, EPF, foreign currency FD (in case RM really having big troubles 1 day, i can still survive).

My parent never support me for car and didn't want to financially support me anymore after i started working, at first i was unhappy, but i appreciated their decisions now. They made me a stronger person who know i could only rely on myself instead of kept dreaming to get helps from someone else.

Life isn't easy, i went thru a situation for a long time that every night i slept only 1-2 hour and would suddenly woke up, felt like i never slept, and my head was full of my FK-ing boss' face and his FK-ing attitude toward me, but couldn't escape due to car / house loans. Luckily i didn't felt into depression, and I survived.

2002, that time IT field was offering around 1.5-1.8k. Had a friend was offered 2.2k working in a bank as a programmer, i think his case is quite rare as i heard most getting 1.5-1.8k. Banks were treated as high-class working companies that time, and it was very hard to get hired by banks.

As for those not graduated from degree, i know many of them only getting rm 800-1k, as a clerk, as sales person, etc, some slightly higher but mostly lower than rm 1.5k. If working at non-KL areas, even lower.

This post has been edited by HolyCooler: Dec 28 2024, 04:34 AM

How Many Millionaires Are There in Malaysia (2025)

https://madeinmalaysia.com.my/how-many-mill...0to%20164%2C839.

What Does “Millionaire” Really Mean?
Before we dive into statistics, let’s clarify the definition:

Net Worth = Assets – Liabilities.
Own RM2 million in property but owe RM1.5 million in loans? That’s only RM500k net worth — not a millionaire.

Ringgit vs. US Dollar Millionaires.
Locally, people often say “millionaire” at RM1m, but globally, it refers to US$1 million in net wealth. With the exchange rate, RM1m is about US$210k. For this article, we’ll focus on USD millionaires.

Liquid vs. Illiquid.
Some banks count only liquid wealth (cash, stocks, bonds) and exclude your own home.

So when we ask how many millionaires are there in Malaysia, we mean people with at least US$1m in net wealth.

Is RM1 Million Still a Big Deal?
In Malaysia, being a ringgit millionaire doesn’t carry the same weight it used to.

In KL, RM1m barely buys a condo, let alone a bungalow.

Retirement experts say you need at least RM2–3m for comfort.

Globally, USD millionaires are still rare, but ringgit millionaires are becoming common.

So yes, it’s still an achievement — but not as exclusive.

Conclusion
So, how many millionaires are there in Malaysia? Around 85,000 today, and likely 165,000 by 2027.

That’s a small club in a nation of 33 million — but a growing one. Most of Malaysia’s wealthy got there through property, business, and smart investing, not luck.

For everyone else, the message is not envy, but inspiration. Learn their habits, adapt their discipline, and maybe one day, you’ll join the count.

Because the next millionaire in Malaysia might be closer than you think — maybe even you.

This post has been edited by HolyCooler: Dec 1 2025, 05:00 PM

My case was difference. When my EPF had > 400k, my other saving was only 100k+. My money spent on 2 houses' loans and other things, other saving was unable to surpass my EPF saving. And i know some closer friends/colleagues were similar too. That time i was expecting when i was reaching 48 i would have around 1mil in EPF and around 200-300k+- in other saving, and that time i still needed to pay loans for 2 houses until 65 yo.

No investment that time. Didn't even have much money to put in FD, no self-contribution into EPF too.

The 2 houses were negative properties which i owed bank 1mil+. So my cashflow/saving was far lower than what i have in the EPF saving.

I was quite good in saving, and my salary already hitting 5 digits 10+ years ago, and i never missed my yearly bonus. But good in saving also a big mistake that time, i kept on saving money and thought i could get a house easily any time i wanted because that time i think house price was only around 150k-200k+-, but when i realised the house price already surged so much faster than my saving speed (around 2010-2013, i saw the house price surging from 200k to 300k to 400k to 500k), it was too late, else i could saved even more money if i bought my first house earlier.


Life changed drastically at a certain point. And i am still keep saving non-stop. Networth not as high as most of the taikors here, but i am satisfied and be grateful.



This post has been edited by HolyCooler: Yesterday, 12:21 PM