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 How much is your net worth?, gauging your financial performance.

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koaydarren
post Jul 31 2023, 12:03 PM

Mr D
***
Junior Member
430 posts

Joined: Feb 2011
QUOTE(hksgmy @ Jul 31 2023, 08:51 AM)
Thank you for sharing. Your story is very inspiring.
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I have been thinking that ASM maximum is 100k and ASB is 300k? How he can put 9million into them? Doesn't make sense.
koaydarren
post Jul 31 2023, 12:20 PM

Mr D
***
Junior Member
430 posts

Joined: Feb 2011
Thanks sifu for the information.
koaydarren
post Apr 26 2024, 05:46 PM

Mr D
***
Junior Member
430 posts

Joined: Feb 2011
QUOTE(newbie99 @ Apr 26 2024, 04:53 PM)
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.
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Seriously? How u manage to do that. Mind to share your investing journey? U r the top 0.1 percent in Malaysia.

This post has been edited by koaydarren: Apr 26 2024, 05:47 PM

 

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