just to comment about the top 1% of the world. it should be a much smaller number than Monaco's 13 million usd. need to include poor countries too to average out the 1%.

don't know to be happy or sad to be a resident of Malaysia...
on one hand, its way easier to be top 1% here if one has 2.x million ringgit.
but on the other hand, we are poor poor "rich" 1%. lol

This post has been edited by Wedchar2912: Oct 16 2024, 04:01 PM

Exactly, based on country, i used Singapore that 5.22mil as an example for Singaporean to be in that Global 1%.

I was trying to explaining to him the meaning of the 1%, if Malaysia has 30milions population, doesn't mean 1% of this population is in the global 1% club.

This is just how much you need to be considered in the top 1% of the country. For Malaysia, roughly RM2.2mil in net wealth you would be considered in top 1%.

https://malaysia.news.yahoo.com/malaysia-ju...-102955555.html

If you are saying just by sheer number of people, of course we might have more rich people vs Singapore due to our population differences.

But top 1% is very different when you start to break down within it.

Wow really?
2.2m already is top 1% ?

Dam why i still feel so poor one..

Wait until you hear about the new definition of rich.

https://www.ft.com/content/b677d2f1-fe7d-47...ec-b23424331d10



You don't have USD100mil you don't even exist in their eyes

Coz top 1% is still nothing.

Knight Frank says there are only 754 UHNWI in Malaysia. Thats like what? 0.0025%?

This post has been edited by Cubalagi: Oct 16 2024, 06:45 PM

Ya man..
Give u 2m

Semua masuk fd, u also is taking a salary of 6k a mth only.. enuf for ur own solo living.. family also susah

so few only? we have like 222 MPs... didn't count senators yet... and the aduns of each one of the states should sum up to at least another 200....
and royalties too....

Because your appetite is getting bigger when u r getting more money

When i had 300k cash, i felt like i was quite "rich" compare to others. When i had 1mil, i felt like i have damn a lot of money. When i reaching 3mil i started felt not enough, i need at least 4mil, when reaching 4mil i felt 1 more mil extra would be very nice, when reaching 5mil, i again thinking if save another 1 more mil baru safer, and so on... And from Mercedes 300k, i started looking for 500k range mercedes, then i also check Porsche Cayenne with 600-700k range, then i saw Lamborghini 4 wheel drives, then i tried to check if i could afford it or not... i felt my money is getting smaller and smaller I think a lot of people non-stop chasing for money is due to their appetite is getting bigger, they tasted luxury life and want more money to maintain such life. You are feeling 2mil is poor, some people has 20mil also feeling poor because they are surrounded by people having 200mil.

So if 2m stay in ppr flat drive saga and sendiri will be happy?

well, if have many dependants, 2 million is not that much as safety net... eg say 2 adults with 4 young kids.

different story if it is 2m per person in the family... so 2+4 persons = 12m. now that is nice...

Difference for each person. I am not sure how you define happy.

My Ukraine friend saved rm 200k, he had 4 gf, 4 apartments, he lived happily and he thought rm 1mil was damn a lot.

My ex-colleague felt damn happy when he got 1 month bonus (few K). Now he told me give him a few hundred K as gift he also no feeling, he is at another level now due to a chance.

Some friends told me if they have 100k, they considered it as "fatt jor datt".

Everyone has different requirements, the argument of 1mil, 2mil, 4mil, or 100mil only enough or only will feel happy, all depends on individual.

I couldn't agree more with your statement above, it is all about how you define happiness.

Money is merely a tool to acquire things and solving various problems. I believe that there are wealthy individuals who lack time for their family, which they often wish they could have one. Conversely, some people living in kampung with an monthly income of just 2K for the entire household can still find genuine happiness.

As we earn more, stress and responsibilities often increase. Ultimately, we're all here playing a game until our time runs out. What truly matters is living "rich" in happiness, spending quality time with loved ones, and having the opportunity to enjoy that time with them.

In my opinion, the keys to winning at game of life are, first and foremost, happiness; secondly, longevity of life; and lastly, wealth.

I used to earn RM 24K annually after graduating, and I encountered bumpy roads along the way, including a near brush with bankruptcy. Now, I aged 35, I earn over RM 3M ++ annually, yet I still feel it's not enough. I constantly remind myself that money can never truly be sufficient, the most important thing is to find happiness and to share my time and resources with my loved ones. I often ask myself, 'If there were no tomorrow, would I have any regrets?' So I strive to make the most of my time and pursue happiness.

This post has been edited by furuku89: Oct 18 2024, 10:16 PM

del


This post has been edited by guy3288: Oct 18 2024, 11:42 PM

whoa bro,, sure or not you...

your income RM250,000++ a month

still not enough?
what things you need to acquire?
what various problems you need to solve??

Recently, I've developed an expensive hobby which is watch collecting. I believe every businessperson or entrepreneur faces various problem and challenges, and it often comes down to how they manage the stress of overcoming them.

Shopping helps me relieve stress, and I purchase luxury clothing, jewelry, and more. I also indulge in leisure travel every 2-3 months, which can be costly, especially with tax refunds encouraging me to spend more. FYI, I am more shopaholic than my wife

The more I spend, the harder I work, which brings even more stress. Then, I shop again to reward myself.

I have a close friend who earns 5-6 times my income, yet still seeks more. I try to slow down my desires, but they seem unending. Now, I'm staying in my comfort zone, spending more time with my family.

Exactly same as mine.

I constantly remind myself that money can never truly be sufficient <--- I also keep reminding myself do not fall into the never ending loop to chase for more money and should stick to my plan to retire. The case that from seeing Merc, then Porches, then Lamborghini, i knew something not right about me already and i need to do changes.

If there were no tomorrow, would I have any regrets? <--- i asked myself about this too a few time. The answer is, i would have many regrets

I know someone monthly's fixed deposit return already can hit rm 200k-300k range, yet he still feel very pressure and want more...

This post has been edited by HolyCooler: Oct 19 2024, 01:08 AM

I might be experiencing what you felt before. I often wonder, 'What if there's no tomorrow?' I wasn’t enjoying the money I earned, which is why I spend. I'm trying to control my desires, but my job doesn’t allow it, as maintaining a certain profile is necessary in my industry.

Appetite bigger aka keeping up with the Joneses is the main issue, we had the same issue with my family too. As time goes by, we decided to downgrade stuff that takes too much to maintain, bungalow, club memberships, porsche, range rover all sold, now tukar to rare no. plate + mid level conti car, few nice watches, a nice landed within a club etc. At least still can flex with no. plate and postal code. K-hill is so isolated and scary we feel so much better and cozier in our new place.

lets be realistic, look at the other side.
if one earns RM2500 said money not enough, we can understand.

but you guys with income like that saying money not enough is audacious
if not contemptuous to them.

you rat-raced into a vicious cycle, spend more and more and then
force yourself to work harder and harder.......no end lah

like that no matter how much you earn also no use.
patutlah money forever not enough
you spend more than what you can afford
at the end have to downgrade..

the fear you guys have is also morbid. scared there is no tomorrow?
so must spend spend now----- better to think positive and be optimistic
tomorrow will be better than today.

slippery slopes in life we got to avoid. if not we would fall.
living that flashy lifestyles is nice but dont forget to also spend on bodyguards as well.