After deducting tax & epf... what's left every month I save 40%

My method is to force saving, if I didn't buy a house I would have spent the money

Next saving plan is to set aside my bonus to buy gold... because if need emergency funds house is slow to sell.

Not to mention if only need small amounts RM10k to RM20k its not worth to sell an entire house

This post has been edited by aaronpang: Mar 16 2011, 11:02 AM

Parents esp. Chinese parents view children as investment for their old age retirement.

Your birth is solely for commercial reasons... such practice is seen in the past and will continue in the future.

Interesting bit of history:-
Sauce http://en.wikipedia.org/wiki/Ospedale_degli_Innocenti
Others (mothers) would even abandon their own children at the Innocenti, get hired as a wet nurse and end up feeding their own child with pay. There was also continuation of salary from the hospital after the death of an infant.