Just to stay on topic, how do you guys track your net worth performance?

I have a simple spreadsheet.  It's nice to see the growth on a graph.  I'm averaging 2% every month.

I think it's petrol station, high chance!

I just pumped at RM2.10/l at a Petronas, the receipt is issued by a SOLE PROP. (ABC ENTERPRISE)

So, i guess higher chance is petrol station.

24m/12 = 2m monthly.

2m/30 - RM66,667 daily.

Assuming 1000 cars daily, each car pumps RM67. Possible what!

It could be even better sales if the location is good.

August 2023 milestone
New chapter : Was the contract Medical Officer that participate in the ePlacement, god bless me with luck and able to transfer back hometown...

Good news : Gotta see my parents more often , no need to fly across South China Sea
Bad news : I need to re-establish my business network in my hometown

Age : 29
Single

Assets :
ASM FP : 107k > 188k
Stock : 8k > 43k (but performance is shit ... in net loss 2k at the moment)
KWSP : 29k > 59k

Liability :
Student Loan , none , parents clear for me (say 20% discount is worth) , and i decided to provide 1.5k cashflow per month to them as gratitude

Target 1 - completed (100k ASM) , in fact, way overachieved
Target 2 - still scouting property ... problem to buy real estate if working place keep on changing...
Target 3 - stock is shit , i buy REITs + Growth , not even gamble and already in red

Current
with 4% ASM rate = 7520 recurrent income per year + 1500+- dividend from stock per year

Venturing into SGD coz MYR is shit , currently owned 3.2k SGD ... target is to have 10k SGD so can get bank promo FD rate 3% instead of current shit 0.3%

Bro. Im Fasa 4.

Divert as much as possible to SGD and USD. MOOMOO is a good platform for keeping SGD or USD. The MMF is good.

Good that you are single for now. Earn earn earn.

Locum if have time. Im lucky to start invest when I’m in foundation in science. Now just autopilot.

Go for ETF.

REITS are still good, no worry.

No la.. per month our salary are 4500 to 5000 for junior dr.

Claims are very very subjective to location of the hospital. And whether u from west to east or east to west. The allowances are different too.

have more than rm400k net asset at the age of 27 and still feel down everyday?

Perhaps the primary reason for his desolate state isn't due to what he thought, but instead, could just be the bubbling to the surface of a deeper concern? Let's just hope he works things out rationally.

There is a level of comfort in being to share your success anonymously on a forum such as this one. Why not?

At the end of the day, it’s up to the reader to form his or her own opinions.

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.

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.....

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

Nearly end of 2023, let me add to this topic for posterity.

Age: 50
Occupation: Work at a Bank
Marital status: Single n available 😎 (Divorced with 1 kid)

Financial.Assets (MYR value)
Emergency Fund (ASB n Flexi) = 220k
DIY portfolio (stocks, bonds, etf, funds) = 1.3M
KWSP = 2.4M
PRS = 60k

Real Estate (est market value)
House 1 = 950k (own stay)
House 2 = 800k (parent stay, no rent)
Land = 300k

Liabilities
Housing loans = 380k
No other loans
Son already at uni n his funding separately provided for

Bravo. From his inspiring numbers, can you share with us, how did you reach to this level?


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?

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.

I think the finance sector is still one of the better paying economic sector. Epf employer contribution also tend to be higher (like 15-16%). But it can be back breaking work esp at middle management nowadays.

I plan to work until 55 and then call it quits. Contemplated of doing it earlier, but so far can still tahan. Personal financial target is to get the financial assets number above RM5m.

N yeah, Im sandwich generation, funding my own child and ailing parents who have little in way of retirement funds. A lot of compromises. One of the thing which drive me to accumulate is so that i dont financially burden my son and society in general in my twilight years.
Not really senior management.  Thats division head level. Im at dpt head level, of a small dpt. I guess Im like a branch manager level if Im in consumer banking.

Im a bit thrifty tho, just B class car n no designer watches etc. But since the kid is sorted out n retirement funds is on track, my life style is more yolo (single guy maa 😆).

50% gone just like that...

Much respect bro, same age so I feel ya.

Well, I have had an excellent year in terms of adding to my SGD net worth in bonds & savings... best year on record, really:

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But it only goes to show that I am a saver and a hoarder and I value the money I earn/make enough not to waste it.

Tks Doc

But you are VHNWI. I only "mass affluent". You are like Mount Kinabalu to me Bukit Timah.

Yes if I'm unable to pay the interest on time. That's how some ppl kena margin call.

2nd years can remain if u utilize at least few hundred k credit line. Up to discussion

my best advice is for you to find someone who owning 10,20,30+ properties and get them to teach you.
if current interest can be covered by rental. Imagine the increment of rental during the 30+ years loan tenure VS the interest. Can the interest increase that much?

best thing in property investment is bank leverage. Let's say you dump in 100k down payment and borrowed 900k from bank for a 1mil property, if immediately after VP you manage to sell at 1.1mil, your return is very close to 100%, not 10%.

It will be my first property
estimated rental 2.3k with price of 535k.
3 BR 2 Bathroom

It will be my home in future with 2 rooms rent out.
I gonna pay 700 for room/lodging anyway, so why not i buy my own house first.

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.

I couldn't agree more with your statement above, it is all about how you define happiness.

Money is merely a tool to acquire things and solving various problems. I believe that there are wealthy individuals who lack time for their family, which they often wish they could have one. Conversely, some people living in kampung with an monthly income of just 2K for the entire household can still find genuine happiness.

As we earn more, stress and responsibilities often increase. Ultimately, we're all here playing a game until our time runs out. What truly matters is living "rich" in happiness, spending quality time with loved ones, and having the opportunity to enjoy that time with them.

In my opinion, the keys to winning at game of life are, first and foremost, happiness; secondly, longevity of life; and lastly, wealth.

I used to earn RM 24K annually after graduating, and I encountered bumpy roads along the way, including a near brush with bankruptcy. Now, I aged 35, I earn over RM 3M ++ annually, yet I still feel it's not enough. I constantly remind myself that money can never truly be sufficient, the most important thing is to find happiness and to share my time and resources with my loved ones. I often ask myself, 'If there were no tomorrow, would I have any regrets?' So I strive to make the most of my time and pursue happiness.