Good and a networth that can be an envy of many.
Just hope you had a good networth risk mitigation plan setup

Just beware, the info given by them the last time may hv changed substantially.
Also their decision made to buy and hold may not be the same as yours.

The saved money is NOT gone.
Just that you need to allocate that "saved" money into other places...
It is also taken out from your budget.

that money placed into other places is only supposely meant to cover future insurance repricing. Not meant for other purposes.

This post has been edited by MUM: May 29 2024, 11:42 AM

Wow, that alone is already 250 m.
Left with 950...about just 30 per day
No vehicles maint expenses
No petrol expense,
No expenses used for self cooking and cost of self cooking of meal too.
No cost of travelling to work,
No gas, no hair cut, no personal hygiene toiletries expenses,
No house rental, no alot of things

Yes, can be done with 1.2k pm

This post has been edited by MUM: Dec 24 2024, 02:37 PM

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.

👍👍 WOW! Cash in bank- 1,683,890 👍👍

Equivalent of how many months of emergency funds?

This post has been edited by MUM: Oct 7 2025, 01:28 PM

Maybe this data can help to add some factors in to the reason of why many had less than 1 mil in kwsp after working for 30-40 yrs....

Look at the educational level by % from 1984 to 1997.
Look at the starting salary for people from each education level from 1984 to 1997.

University graduates earned the most, started earning with <900 in 1997
University graduates is only some 4.84% in 1984, 6.21% in 1989 and just 11.19% in 1997 of the population


Inequality and Determinants of Earnings in
Malaysia, 1984–1997*

https://stonecenter.gc.cuny.edu/files/2006/...984-97-2006.pdf

(P/s, I don't hv an University education, and i started to work in 1981 with a starting pay of 180 basic pay, moved jobs and in 1989 reached abt 900)

This post has been edited by MUM: Oct 9 2025, 06:28 PM


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💯👍 some thing similar like what young Singaporeans are enjoying now.
The value of the Properties from Grandparents n Parents will end up with them .....