The bank manager told me to invest in some insurance product and also some other investment
As I was a beginner in investment, I just sign the product form after the manager show me some chart, something like guarantee return
The loss was bad for me, almost a few 10k     
I park all my money in the bank

How do you save more than 90% every month? That’s something that’s hard to believe. Mind sharing more?

Age: 34
Occupation: Financial Advisor working under investment banks
Working duration: 6 years
Commission earner: 1.1M on 2021, 1.6M on 2022, this year 2023 should be higher
Marital Status: Just married, 1 daughter
*Have some small other 7 F&B franchise businesses not collected any profit yet, I am a small shareholder of sleeping partner*

Savings/Assets:
1. Saving RM 100K
2. PRS 520K, (I pay alot PRS due to I no longer contribute EPF)
3. EPF 130K
4. Started collecting branded watches this year value: RM 230K, easily sell to any 2nd hand reseller at RM 180K (Audemars Piguet)
5. Myvi 2012, full payment mum driving
6. Crz 2013, full payment dad driving

Total Assets: 930K, (not including mum and dad’s car)

Liabilities:
1. Property A under loan repayment another 30 Years, monthly repayment RM 2000
2. Property B under loan repayment another 30 Years, monthly repayment RM 1900
3. Subaru BRZ 2014, under loan repayment another 8 more months, monthly repayment RM 2300 (this can be asset after 8 months)
4. Upcoming Brand New Porsche Taycan GTS 2023, under loan repayment another 9 years upcoming on Oct 2023, monthly repayment RM 8500
5. Insurance, RM 3600 per month, alot of life insurance
6. Maid, RM 1850 per month
7. Upcoming liabilities for next year seeking property at 2.8M loan @ monthly repayment around 12K per month on 2024
8. High maintenance wife 🤣, not declaring amount

Bravo. From his inspiring numbers, can you share with us, how did you reach to this level? I mean you are a good son, and you look after your own retirement well, together with a child.

Would you say the industry you are in allow you to get this portfolio?  Or was it the right investment that led you to today's number?

Are you going to retire soon or are you in a very good position in the company that you are happy to stay there?

That's a commendable portfolio bro, and well done to achieve these at 50
You must be at senior management level in banking at the very least.

given your current status, you can definitely FIRE.
so may i ask what is motivating you to continue working?
I take it that life at the bank is tolerable hence your continuity to work?

Not having a spouse also helps, that's a real money pit :grin:

Much respect bro, same age so I feel ya.

Happy to share, but I'll take the photo down again - just drop me a note after you've had a chance to view the numbers. This is what I currently hold in SGD denominated bonds and FDs and instruments like FCNs and dividend stocks.

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.

=================================
New chapter of my life.

Age : 30
Single

Assets :
ASM FP : 204k FP - done, will let itself roll .
Stock : 41k --- still at minimal loss, small cap is shit, surprisingly banks and TENAGA make good runs.
KWSP : 77k
High-liquidity MMF : approximate 70k
PRS : 6k - just to avoid paying MAHALDANI tax LOL

Hi, want to share my experience…

My wife and I came from middle class families. Both of us graduated from Australian universities in the 90s, courses paid for by our parents. I managed to attain 1M net asset 7 years after working. However, due to financial obligations to siblings, parents from both sides and own family, wealth accumulation had been slower than I expected. Things only brightened up the last few years after obligations to siblings have been fulfilled according to my parent’s wish.
Now I work 11 hr day, 6 day week, including public holidays, down from 14hrs previously, will reduce to 8-9 hrs next year to spend time with family

Salary – 25% our monthly income.
Private fund management. – 75% of total income.

Age: 50+

Assets:
Five properties, estimated 22M
Two 10-year old cars worth 30k
Equities invested in various countries about 12M.
EPF 1M
Business – Not appraised.

Liabilities
Loan – 5.5M

Feel free to comment.

im 30y old in kuli IT career

i saw this tread and i seems "How the hell you guys can save a lot"
i came from b40 family from east cost, and something i need to gave some money to my parent & siblings not much just a few hundreds

Hope this can get align back on my mission to follow you guys step

i would love to get advice on this

Loan
House = RM460k - RM2100/month remaining RM420,000
Study loan = RM88,+++ remaining RM45,+++
Transport = RM45,+++ remaining RM24,+++

Assest
Physical Gold = RM20,+++
Cash  investment = RM25,+++

My current goal is to get RM100k worth of cash investment, pay up my transport -> study loan -> then house

you can refer to what Warren Buffett say about gold. That might change your perspective towards gold, who knows?

Do you know that gold outperformed most of the property in Malaysia over the past 10 years.

the key is balance. either extreme end might not be the best. some things are meant to enjoy when we are young. when we are older, perhaps other things to enjoy.

Hi jaguh kampung , 2024 wealth benchmark for reference and motivation ...

Wow really?
2.2m already is top 1% ?

Dam why i still feel so poor one..

the things I spend on now are the same as when I started working 15 years ago.

I maintained the same lifestyle throughout the 15 years even though current income/revenue/profit/what-ever-you-called-it multiplied compared to 15 years ago.

glad you realize that.... not like some ktards who think they are very special and will definitely and surely live way past 80.

i just took the picture verbatim from some website and it was written there to be 90.

i personally always set my expected lifespan at 80, ever since i went to uni. 80 is a good number and easy to divide and calculate a lot of stuff.
also, one need to realize that the last 10 diamonds are worser quality than the middle 10 diamonds. Plus I have used up the most valuable diamonds already, which is the 3rd and 4th row's. sad...