Hi guys,

This is actually not my main account. Main account created back in 2012 was locked out due to theres once lowyat got a security compromise on all user's password and require us to reset. Unfortunately I lost access to that account & Email.
I am feeling down everyday, not sure what to do. People around me and same age as me is reaching greater heights (EG: property purchase, Luxury/super car purchase) but I feel stuck..

Age: 27

(In MYR)
Liquid
Cash : 86 K (In High yield account 2.15% PA)
FD  : 127 K (A mix of fd range from 2.7 % - 4 % PA)
Rize : 23 K (4% PA as for now)

Iliquid
EPF: TBH I dont care about balance in EPF, not much, but i didnt withdraw before, let it be
(In USD)
Liquid : $ 27K
Iliquid: $ 22K +
Others
B Segment Car Paid off (Early settlement discount, bought in 2019)

Expenses varies really... Cuz i will pay expenses such as groceries, food and all. Usually around 2 K MYR
And then add on another 600 for Personal insurance, car maintenance and insurance etc

Salary
1) MYR 3,800/month (Gross pay)
2) Side income Varies month to month, sometimes 6k+, sometimes 1k +
No property nor luxury car, too timid to commit
Single with GF

Yes.. I could be better... And I was upset about myself..

KWSP - RM135k
Equities - RM295k
Cash - RM12k
ILP - RM9.5k
ASM - RM11k

Total - RM462.5k

Home MV ~RM470k / Remaining HL RM450k
Car MV ~RM70k / Remaining HP RM70k
* Will exclude these from net asset computation, the MV (slightly conservative) just about covers the remaining loan amount.

Age - 29 y/o

Not sure where this stands but I'm just doing the best I can.

Age 47

KWSP    50K
House  450K (No Loan)
Car1      15K  (market Value, No loan)
Car2

Age: 33
Marital Status: Single

Asset(s):
Current Assets:
1. Cash: RM2k
2. Tabung Haji: RM20k
3. AHB: RM64k
4. Insurance (savings): RM96K
5. ASB: RM3k

Fixed Assets (market value):
1. House 1: RM480k - Tenanted
2. Land 1: RM807k
3. House 2: RM750k - Tenanted
4. Soho 1: RM586k - Stay here
5. Car - NBV: RM16k

Liabilities:
1. House 1: RM379k
2. Land 1: RM384k
3. House 2: RM550k
4. Soho 1: RM460k
5. Car 1: RM nil

For the 4 properties,
1. Cukai tanah/pintu/taksiran, they cost close to RM3k p.a.
2. Maintenance fees - Close to RM12k p.a. for the 3 properties. For the land - No need to pay maintenance as it is individual title
3. Water & electricity bills - I only pay for Soho. The rest are tenanted, so tenants are paying.

Thank you!

I plan to sell House 1 & Soho 1 when the time comes. Sometimes headache to deal with tenants.
I plan to build a bungalow when I'm in the middle 40 and keep House 2 for rental.
and buy 1 last property for rental.

No need 30k for salary la. Can leverage on rental income when when I apply new housing loan, so my DSR still has not reached the limit.

Sure, will do. Looking forward for yours too! (I'm a new member, just in case I have missed your net worth )

I'm super impressed with your fiscal discipline - it's no small feat and indeed, it's mighty impressive to be able to increase your assets at the rate you are doing. Well done.

From bottom 1 percent family with socioeconomic problem, had been struggle in my life
Age: mid 40
Combined active gross income: 22k per month
Passive income: 8k per month(based on 5 percent return)
Marital Status: married with 3 kids
Asset(s):

House 1 apartment
RM450k  - ( outstanding loan 400k)

House 2 apartment
Rm450k ( outstanding loan 280k)

Car 1(japanese car) ( outstanding loan rm 30k)

Car 2( local car) paid off
Investment:
Bond: RM1.6 M
Asm: RM100k
Share - Msia: RM120k
Sspn-Rm150k

Cash in hand
RM50K

EPF combined
RM 800k

Total asset ~ 3 M
Target to achieve 10 M in early 60 when retire
Been able to save 5k permonth only currently from active income due to inflation and high family commitment.
Just grunting, it is very tired n exhausted to be sandwich generation and i already try my very best. Hope my kids will have better start off from their generation onwards.

i have a 5 mil home... you don't have to believe that 'I' have it... but 5 mil homes exist... SOMEBODY has it...

one can draw inspirations and motivations from ppl sharing their life story... no harm no foul... 

abandon family for the pursuit of money... not my place to say how one should live his/her life...

ppl abandon families too because no money...

you can have plenty of money and happy family... they not mutually exclusive...

Age 61
Job Retired

Assets:

Property:

One high end condo 2,000,000. Paid off.

ASM/ASB Funds. >9,000,000

Cash on deposit: 1,000,000

Private pension: 6,000 pcm

We take 240,000 a year from ASM/ASB and looking to increase that to 300,000 per year once dividends return to pre covid levels. A nominal 1.5% reinvested as a token hedge against inflation.

No loans or credit card debt.

Leaving another footprint here...

Age: 36

Assets
EPF: 500k
Equities: 200k

Loans
Housing: 1.2m

Income (p.m.)
Active: 21k
Business: 1-2k

1. My savings rate is very poor due to high expenses (only about 5k p.m. from active income)
2. I'm trying to push my EPF to above 1m for the extra cashflow due to withdrawal eligibility above 1m.
3. I'm setting aside 3k p.m. for equity investment (DCA), mainly in StashAway, ETF, and a portion of dividend stocks.
4. I'm working hard to increase my business income (in hope that it'll replace my active income one day) but it has been extremely hard.

Hopefully I can. as now trying to max my saving and trying other type of invesment.

I've read through most of the replies in this thread and I'm impressed by the civilised, measured and mature responses. I'm encouraged to share my own story - and perhaps I'll look back in a decade and reminisce where I was, and compare and contrast to where I find myself then. Here's my own journey:

Age: 50
Occupation: Consultant Specialist Physician in private practice
Status: semi-retired (I spend 6 months in Singapore working, another 6 in Sydney to relax)
Income from work: variable, as I run my own practice

Assets:

1. Fully paid Properties in Singapore, Australia and New Zealand

2. Multiple Investment Grade bonds in Singapore and Australia – average returns 5% per annum

3. Multiple Structured deposits in AUD (higher interest, tax free as jurisdiction of issuance is in Singapore) – average returns 4% per annum

4. Insurance annuities (combined) SGD2,000,000 - payout will be SGD10,000 per person, per month upon reaching 65y of age
CPF savings (combined) SGD1,500,000 – Ordinary account returns 2.5%, Special account 4% - payout will be between SGD3,000 to SGD3,500 per person, per month upon reaching 65y of age, but I can withdraw the excess (leaving just the "enhanced retirement sum" behind in the retirement account) - so potentially, I can withdraw a combined total of SGD900,000 upon reaching 55y old

5. Legacy ‘Life insurance’ plans SGD1,000,000

6. Fixed deposits of SGD, AUD, NZD, RM, £ and HKD – average returns between 3 – 4% per annum

7. Savings/current accounts in SGD, AUD, NZD, RM, USD – average interest is 2% per annum (this is my ‘war chest’ where the income & returns go, to be reinvested. It’s a holding account & also acts as my emergency fund)

8. Cash in hand values of SGD99,000, USD10,000, £2,000, HKD100,000, ¥3,000,000, RM3,000, AUD2,000 and NZD1,000

9. Passive income of which the vast majority of which is reinvested

10. Inheritance from parents: dollar value 0, but they invested heavily in my education while they were still alive, and my mother saw to it that my education was her priority. The value of that early investment: priceless

Liabilities:

2 vehicles in Singapore, loan-free: the Macan cost me SGD380,000 & her S450L was SGD608,888 when new

2 vehicles in Sydney, paid for in cash: the Cayenne cost me AUD180,000 and the 911 Carrera GTS was nearly AUD400,000

Usual monthly outgoings around SGD25,000 (Fine Dining, travels, discretionary spending etc)

Income, rental and property taxes in Singapore and Australia and property & rental taxes in New Zealand.

Hi gashout,

SGD 25k encompasses the monthly maintenance fees on the condomiums, landed cluster homes both in Singapore and Sydney, and as you can see from the link I shared, we do enjoy fine dining (we've done all 3-starred Michelin restaurants in Singapore and we will do Les Amis again next week, simply because we quite enjoy the food). My home in Singapore also requires hidden costs like lift-maintenance (for the private lift serving the 4 storeys), and that's included in the SGD 25k as mentioned above. Don't forget the maintenance costs associated with keeping 4 cars - 2 in Sydney and 2 in Singapore.

We also have a domestic helper, so that's also included in the outgoing costs.

I'm sure I would have missed out on a few other items, but rounding up and/or down, it's about there.

I close the clinic when I'm away to Sydney. My patients will wait for my return, or I'll direct them to my colleagues to tide them over for emergencies or urgent care until I return. And interestingly, it's quite the opposite. We love winter time in Sydney and we just got back from a month long break in June. Heading back again for September and October.

Thanks for reading.

iirc uncle monthly passive income around SGD 100k +-. they have alot excess...the 25k is peanuts 

At the moment, my Michelin adventure has just commenced, so I can only comment my experience in Singapore. It's a tie between Odette (voted 6th best restaurant in Asia, 3 stars in Singapore) and Les Amis (the granddaddy and Singapore's first 3-star Michelin restaurant).

Yes, we fly at least business class, whenever we can't get First or Suites - but that's for practical reasons: my wife has a slipped disc, and we prefer to arrive after a fresh night's sleep.

I have always been lucky in life.

My career was smooth - started with Uni Of NSW for 3 years and then been in Sydney Uni since 1988 until Covid. Work was easy and even though i was not an academic staff, my pay was equivalent to a lecturer's pay (unions in Aust are very strong and they believe in equality and fairness so admin staff gets very good pay esp at Syd Uni which has the highest pay scale in whole of Aust). I also got a very good payout during Covid staff cut (most of my payout were tax-free and in Aust, if anything is tax-free, that is usually unheard of because Aussieland has very high taxes!!

In all fairness, i have to say i inherited half the house in Bangsar and my unmarried sister the other half but she transferred her half share to me because i have been looking after her. I think i would have looked even without the money. Anyway the Bangsar house is worth pnly about 40% of the Sydney unit (property prices in KL is shit compared to Sydney. If you had bought a property in Sydney 20 years ago, your property would be worth at least 3-4 times more today - KL property prices are considered extremely cheap compared to Sydney.

On average, we save more than half of our monthly income, so I’m sure there are others who can do the same. It does take a lot of delayed gratification and self discipline but it’s definitely doable.

Yes, maybe i rephrase it, being at the right place at the right time.

As for me, i would prefer to have smooth and fulfilling career rather than to have high income by jumping between company. I have been in my current MNC for 15 years and although annual increment is not high but is sufficient for me to make a living.

Frankly speaking, i do not save that much. My saving portion is very small compared to others in LYN. I always belief in blessing others and spend money to make others happy. I also contribute substantial of my income back to God and blessing others in treating, buying gifts and contributing to orphanage/old folks. I think this is what makes me happy rather than showing how much i have in my bank accounts/assets.

Life is short , and an ex prominent badminton player Teik chai passed away because of heart attack at 40. Just do what you enjoy most. Remember the saying, no matter how much we accumulate wealth, we only get to enjoy 10% while our next generation will enjoy the rest of our fruits of labor.

thinking back...... when i just graduated and started to work....
with a miniscule rm1.6k basic pay per month. i could still save rm1k per month by strong self control.
as time goes by, and when my basic pay hits 5 digits per month, i constantly struggled to even save 30% of it.....
does most of you have the same "problem"?
lol.....

concur... That's why I find it hard to believe casual statements like oh having 2 million is not enough to retire.

T01 (i use this instead to avoid doubt vs T10 or T1) at 2.2 million ringgit assets, somehow maps to around 30K rm per month income (the DOSM data of T01 for household income divided by 2).

if just use 6% return on 2.2 million, that is like 11K rm per month.

I a bit malas to rebut those arguments la. 2.2mil is T1, means 99% of the country is living and retiring with less than that and most is doing just fine with it.

That's why I always love this story by Morgan Housel.
After a level, money is only not enough because our expectations exceeds our mean. 2.2mil means even if it does not generate a single cent more, one can afford to spend 110k a year for 20 years. Means it's 10k a month.

You telling me you can't live of 10k a month? Then how the 90% of the country survive? How 90% of the world survive?

If can't afford to live a 20k lifestyle, just adjust to a 10k lifestyle lo. One doesn't need much to have enough, but want will never have enough if he always wants more.