30 yrs ago, when the starting pay were just about 200 pm, to hv 1 millions saved at age 55 seems like really rich.
30 yrs later, now 1 millions, is still 1 million but just in numbers only.

Not everyone is fortunate to keep EPF without withdrawal till age 65 years. especially during MCO. if no withdrawal , i ady eat grass.

ok la. back to the the thread.

so guys, how much your net worth?

Exactly, life is not theory so you run your race la bro. Don't measure against others, else you will never find the happiness line.

I think the members here all preach the same. As long as you met your goals in life, it's worth celebrating.

couldn't agree more man.

This post has been edited by BboyDora: Dec 27 2024, 06:14 PM

No lar... 30 years ago was 1994/5. Starting pay should be around 1K rm already for many... uni grad may even get 1.5K.

Nonetheless, yeah, 1 million ringgit was a lot of money back then... if at 55 have 1 million ringgit, one would feel very well off.
if I use chicken rice cost as multiplier (1.5rm in 1995 for a plate vs 8rm now), that is like having 5 million now.

1995 fresh grad already 1500?

then now we know another reason for those started working back then is no salary growth because 2005 fresh grad still got offered 1500

yeah, there were practically no salary growth from 1995 to 2005... heck, even until 2010.

2005 fresh grad maybe get closer to 2K, but I won't be surprised if 1.5K is being offered by some firms.

2010 fresh grad at my former company was getting between 2 to 2.5K rm. (this I can 100% confirm cos I was a hiring manager and I had to write a long story and get my boss to support me in paying one of my hire 2.5K, even though HR told me the range was 2 to 2.5K rm).

I wonder how much a fresh grad can get on average nowadays?

Exactly

Now? Dont be surprised still got 2500 one

But generally 3k plus or even 4k if big co or MNC is a norm

because like audit which high OT is expected once cross 4k line cant claim. but dont expect those small ones other than Big 4 to pay that amount. how they handle the OT part... I am not 100% sure but been in corporate before can agak the trick those bloodsuckers will pull

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

This is why having a separate emergency savings fund is a must.

I found myself unemployed back in 2020. But I had emergency savings to cover 18 months of expenses.

Lucky I was able to find a job after 8 months (had to accept a big paycut). There was also the loan moratorium. Also I did some part time jobs that cover some expenses as well.

It was fine and I didnt have to withdraw Epf at all. I also didnt touch my DIY investment portfolio and was able to profit from the big bull market that follows.


This post has been edited by Cubalagi: Dec 28 2024, 08:22 AM

My starting pay was 900+150 in 1993 if that is any consolation. The norm was like 2k for big 5 those days. Local fresh grad also get about same.. maybe 100 lesser.

hearsay big 4 now minimum 4k

imagine SG also minimum 4k.

it should be nowadays right?

pre-covid also I know banks in SG were offering very close to 4K as starting pay for uni grad.

depends on sector.

some less some more.

average is around 3.5k.

It is nothing compared to the hours they need to put in

If divide with total hours worked most probably way lesser compare to F&B

But I know lar, ppl will say it is the future $$$ they are looking it

Curious where you all investing your money in right now? Last time have been consistently putting in S&P500, but lately a bit hesitant, as it is around ATH.

S&P 500 is for long term, why worry about ATH?

Mainly in stocks, approximately Malaysia 40%, SG 20% US 18%, HK 17%, Indo 2% and Philipine 3%.
Stock:Managed Fund:Cash ratio = 10:5:1

Do you have a specific strategy for Malaysia stock? Like focus on steady growth stock vs small cap stock vs dividend stock