those property i cepat2 settle the loan. the last i bought also loan 5 years only.
but most /ks here drive fancy car, Taycan la, 911 la, lambo la.
i pulak drive ciplak B40 car. can't even afford an Alphard which i like very much.
even when i'm working in corporate world last time, i drove a bezza which my immediate boss scolded me for driving a lousy car for a senior position i hold that time.

Frugal and successful

rich tycoon often have little money in wallet.

impressive.

Luckily my boss never scold me for taking mrt to work

This post has been edited by leanman: Dec 14 2023, 08:42 PM

Sell house buy lambo?

If you like Alphard very much, i would say go for it as you definitely can afford it. Sometimes we have to live a little.

Lousy boss. My brother drove kancil to work even with senior position. When people ask what he is driving. He replied, "Kancil"? People gave thumb up

Me like simple life. Work in local company. Although I just use Japanese and local cars, at least I bought all my cars cash.

Cars are a tool to get from A to B.

If you can take Public Transport. save even more money.
But make sure you save it instead of spend it.

This post has been edited by ronnie: Dec 15 2023, 10:16 AM

2023 has been a good recovery year for my portfolio. Coming back to this a year later 🤣

Age: 28
Occupation: Brand Owner

Financial.Assets (MYR value)
Cash : RM20k
Business Assets : RM380k
FD : RM450k
ASM : RM283k
VERSA : RM31k
US STOCKS : RM 1,38M
BTC : RM3,82M
EPF : RM219k

Total : RM6.5M

Liabilities
Housing loans = RM2M house (RM10k loan in 2025)
Insurance = RM300 per month
A girlfriend that I absolutely adore and hopefully to wife up in 2026.


I hate having bills and loans to pay so I’m thinking to dump RM2M inside the loan account to reduce the interest to 0. Worth it?

This post has been edited by Nutbeater69: Dec 15 2023, 11:12 AM

Just a note, some loan agreement does not allows that.
I think I read before, you can lump sum up to a certain %. Must maintain certain % of loan, else they will ask you to terminate that argeement (close that account)

I can dump everything after 3 years of financing the loan. So I’m going to put 90-98% inside in the first 3 years.

check your loan agreement to confirm that balance allowed amount....

Yes double confirmed, it’s allowed

Just sharing my portfolio

Age:25
Salary: 67k + allowance 12k + incentive/bonus 41k

Asset
Cash: 3k
FD: 30.5k
ETF: 117k
ASM: 22k
Total liquid asset: 172k

EPF: 32k
PRS: 2.5k
Total asset with epf: 207k

Liabilities
Car loan: 42k left
Ptptn: 26k left

I know I'm doing slightly above average, but seeing many here business owner with millions , it really makes me think business is the only way to wealth. Drawing salary and invest in etf is way too slow.

This post has been edited by bogletails: Dec 15 2023, 01:23 PM

Your salary must be high

67K per month? slightly above average? EPF 32k?

I assume per year

It's per year. Incentive and bonus are not fixed every month so just put the yearly number

Successful business owners are outliers. There are many unsuccessful one like myself who can't even earn more than 10% of my employment income.

hksgmy would disagree.

There are more failed business owners than successful ones, they just don't come to this thread and talk about it.

And also, comparison is the theft of joy bro, you are doing well so just keep going.