Indeed buying price more expansive than malaysia props...... Not to sais the subsales.....

Parents own >10 properties all loan settle. Last year dad just get another condo in KL RM500K+

They should have achieve millionaire status..coz I see my dad go bank no que one..the branch manager always invite him in drink coffee one..They go on world tour must got money only can go travel so much ma..1 year go few months is a lot oledi..

I dunno the returns, I never ask...anyway it is my parents money not mine...

I independent do not like to relly on parents much that is why I choose to move out and earn a living on my own when start to work..

bro,

Not to take credit away from u, your lifestyle and savings habits certainly worth emulating
But being not required to support parents is already a major "negative handicap" for u, u start the football match with your opponent scoring 2 own goals within the first 10 minutes, or u=Spain vs Malaysia

Whereas most of us who had to support parents, we are like England vs Germany

I rather make it on my own rather than depending on parents..

That is why I take ptptn loan for my diploma.

Then I come out work already and pay back my loan.

Life maybe hard and suffer at the begining, but without help the struggling will make u a better person.

If depends on parents, can be next CEO or smtg like that without going thru hardship, meaningless life to me.

I already live a lifestyle like most average common ppl already...Don't u agree?

I make an honest living and savings. It is just I do not support parents. Giving them money every month is very little money to them.

Better if I sometimes bring them out eat hawker stalls, accompany them go holiday being bellboy carry laguage, bring them jln jln., go temple pray, etc. Money is not everything. If rich can give money, if poor like me I give them my time and energy.

It is the same as doing charity. IF got money gives money, if do not have participate give energy and time - still helping right?

Maybe u do a simulation, see how much can u save IF u have to support ur parents.

I only got my dad left, pocket money alone already RM700. Then household bills, telephone bills, his car service bills...easily RM1,000 a month. In other words, if I don't have to support my dad, I also can save RM2,000 a month like u!

You inherit 1/2 house. Not many children inherit such thing. One of them is me.

But if your parent did not support you, he could be easily a millionaire now without your bantuan

At least, his investment starts to bear some fruits .......congratulation goes to him.

I mean he is farsighted than many others ........

This post has been edited by SKY 1809: Apr 13 2013, 02:37 PM

sky gor,

you got children ?
Sorry off topic.

1 child - 1million spend on them until 22 year old.

how many child you hv then how million you hv spend on them already.

Going to bill them back? must hv resit one.

Well, using children as an investment tool is one very old ancient Chinese financial planning method.

But now using this method , likely to get a negative return on the investments.

please don't make an excuse. He is just diploma holder and technician holder with RM 2.8k only.
I saw many degree holder yet no have saving like him.
He does not need to support parent since he does not live with parent

don't think 1 child=1 million maybe less maybe more.
my gf from elementary school till JC got scholarship.

my parents even support his brother..
how about someone has dogs?

your parents are very rich. they let u become a technician kor? no give u business? or not give u inheritance to u?
may i know how many siblings do you hv?

This post has been edited by leonhart88: Apr 13 2013, 07:13 PM

I did say that I did not intend to take ALL credits away from him.

Just a comparison...

AAAABBBB works as a technician with 2-3K salary, then he also can get some side income from his hobby of fishing.
Let's say it all adds up to around 5K, which is a bit more than my salary as a graduate. HAD HE NEEDED to support his parents/household, his savings and mine would be quite similar.

Just trying to emphasize a point here that its not an easy feat to support parents, not that I'm trying to ask everyone not to...

The most ideal situation would be parents having enough savings to sustain themselves, which AAAABBBB has the privilege of finding himself in.

Overspending on kids until no savings for retirement years > rely on kids > kids burdened to support parents > no savings > kids have to rely on grandkids

Its a vicious cycle.

that is old day. Present and future will cost 1millon for a child.

I have two, so I need RM2m??

Don't worry about the number, just do it accordingly.

No point to worry too much on the future, just work harder and smarter for improving the earnings and manage your money accordingly.

Working hard and smart may not be enough.......in Bolehland

U may have to Vote smart, then you may be able to save some money ( a million or 2 ) on child education funds........

Even saving a couple of few hundred K is worth a smart vote.

Regards.....

This post has been edited by SKY 1809: Apr 14 2013, 04:25 PM

hi..maybe you can think if investing in unit trust which could give you higher returns than normal savings account or even FD. If interested kindly contact me at nitznit@yahoo.com

Furthermore, if you interested in getting tax redemption up to RM3k, you can consider investing in Private retirement Scheme (PRS).

regards
nitz