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

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magika
post Mar 25 2022, 06:13 PM

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Hope you dont mind my ramblings.
When you can accumulate 2m networth in 10 years, that is considered a huge acheivement. Most salaried workers will just struggle thru it.

What demoralise you could be the past few years that you have sudden gains from stocks and cryptos, in comparision to your presume slow gains from your employment.

Once involve in gambling, salary seems inconsequential after that.

Based on 240k in epf after 10years, current pay should be around 8k plus. How did you accumulate more than 2million networth in 10 years?


This post has been edited by magika: Mar 25 2022, 06:21 PM
magika
post Mar 25 2022, 07:31 PM

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QUOTE(kakaroto1368 @ Mar 25 2022, 07:16 PM)
Hi Magika,
Its fine i am open to comment.
That might be one of the point but i guess my real concern is that i havent found something that i really passionate of, or something to do next.. even at current state the financial seems healthy and i am grateful of it certainly, but just that the “not sure” and “dont know how” overweight the others..

Maybe i should sit down and start to plan wisely on generating passive income like other sifus here, instead of thinking too much..
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Still havent answer how you managed to accumulate 2 million networth in 10 years with an estimated salary of around 8k.

Investment is mainly to protect your funds from inflationary pressure and considering your skillset is mainly from salaried employment, instead of depending on financial tools , you should be thinking on how to increase your funds with your existing skillset which according to your reporting to be more than excellent.


magika
post Aug 30 2023, 05:22 PM

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QUOTE(CommodoreAmiga @ Aug 30 2023, 05:10 PM)
Yep. Money isn't everything. When you realized money cannot help you, then its too late. Chinese says "Yee Fan Toul Sai Yeok Fai".
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Better be rich and sick rather than being poor and sick biggrin.gif

magika
post Oct 30 2024, 10:16 AM

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QUOTE(TOS @ Oct 30 2024, 07:38 AM)
This can help, probably. Income by percentile, categorized by state. 2022 data.

https://open.dosm.gov.my/data-catalogue/hie...tate_percentile
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So we need to change our IC address to state that has the highest.


 

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