1) My EPF is low because i worked overseas for 3 yrs which had no income tax and no EPF contributions
2) Go check out the 2nd hand price of a 2003 Toyota Vios 1.5E
3) Yes im driving a cheap car because the car has given me zero problems and i prefer to invest in properties and gold. So unless the car starts giving me any trouble, i dont plan on changing it soon. Maybe next year.
4) My property is not located in Kinrara. That is not a prime area in case u didnt know. I live in an area where market prices are demand driven not market driven. There are only very few areas which can command such demands over a short period.

So before u accuse me know your facts first. From the points u have raised, i can contend that u have very limited knowledge about cars and properties. I dont lie and i dont feel the need to inflate my financial worth above and beyond its actual numbers.

Cheers!

car doesn't reflect a person's wealth, u will never know unless u dig out his info of all deposit and real estate

u go kampung, saw one uncle driving honda "kapchai", who will know he is the owner of 500 acre of rubber estate in that state?
same situation in KL, driving big car doesn't mean he is rich

Anyway, on something more constructive, I think I would like some thoughts from yourself too about those two mutual funds that you are heavily into. I am expressing the same request for some opinions from your goodself too on those two funds.

have read this thread with interest.

Here goes mine, pls comment:

Age: <35
Salary: not fixed. But say >700k pa
Field: Own business
Properties: 16m (Loan 13m).
Cash: 2m
Rental income : Approx 300k pa
FD + Unit trust: 200k
Stock mkt: 40k
EPF: 300k
Monthly instalments: 45k (cars + prop)

What would u do if you are in my position? have 3 kids all below 6. can retire or not?

hahah  nowday my pay check is another paycheck to other ppl end of days. Must ask my wife - how much my net worth. 

Wong Seafood, why strain my brain on my off day

See la when I free I try

I get your point, Unker gark's formula is like saying, to put it simply, "saving at least 10% of gross income". If we want a more comfortable retirement years, we should do a lot better than that.

U be in the >=1.49 of Stanley / Danko's stats, the median balance sheet affluence!

Hi Gark,
What is a good score based on Thomas J. Stanley's and William D. Danko expected net worth formulas?
Can include investment assets like auctionable gems, paintings and work of arts? Or just base on property, cash and shares?
What is the downside of the formula? I asked because mine is almost 5x the value calculated, and I am not feeling  rich.

ha. what pass pass pass? how to get %, why i calculate many zeroes.

my networth =  Liquid invesment exp Stock + UT + FD only. Exclude my wife and house.
yes i include my bonus. 

  tHANKS...I indeed not enought .... need to add another rm140k more to reach score 1.
Need to save another 10 year...

My salary is slightly below market average, but bonus cover balik the shortfall, if that's what u meant

thanks gark,

  If i added up the house and EPF is 1x.

the house is my wife and me - so i wont include, sell already no house; got money cant buy with current price. I prefer use liquide asset onli.
EPF i also exlcude, becoz i maybe die before can enjoy the money.

Agree with you on this. I found that this formula only works if you are property investor, but I don't buy the property investment theory. So, I am also average like you, but with slightly >1 pts. I believe we should look more on liquid assets rather than the non-liquid as the liquid asset is what you can use to spend on stuff. I seriously know some people who invested heavily in property, but because of this, their cashflow kinda clog, which in turns make their life miserable serving the loan.

Thus, it explains why I say the formula is made for property investors. The house price might go up, but in actual fact, you won't have the money until you sold it, right?

If have house and car loan means still negative net worth cos in debt?

wow like dat calculate 1 r.. then based on that my house alone will make me net worth 500k lolololol

Wwwwww.... /cry !

No lah... still need my daily starbuck latte..... my kid come along as well... and he always order food too ....