Just wondering whether do you include your own residence market value (fully owned, no outstanding loan) as a part of your net worth?

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

Age: 50
Occupation: Work at a Bank
Martial 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

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 😆).

I used to think like Ramjade as well ... but I'm not more aligned with your philosophy, especially since I don't have that many days left to enjoy that which I've painstakingly built up over the decades. If not now, when?

Hence the number of 1xxK people have more than 1m seems a tad too low. There should be many mid level executives should be pulling easily 20k pm onward.

Everytime EPF release the contributors stat, I’m like can’t be so few….