i enjoy reading your life journey

your kids are blessed. hope they manage your inheritance well

media has the tendency to ask opinion from half baked expert

stir shit is their motto to drive up view counts.

since when they are bound by ethical and professional principle

how about 45 and 40.

hardworking savers are hitting those numbers fast

good table there, looks more structured than the current acc1 and acc2

scary we need 10k for emergency to make people more disciplined.

to have 5 mil, our saving rate must be high, i know asian countries are high in saving rates, not sure about malaysia

ok, found it

Key information about Malaysia Gross Savings Rate Malaysia Gross Savings Rate was measured at 26.9% in Dec 2022, compared with 26.9% in the previous quarter. Malaysia Gross Savings Rate is updated quarterly, with data available from Mar 2010 to Dec 2022, and an average rate of 26.9%.

Countries Savings, percent of GDP, 2022 Global rank Available data
Singapore 43.22 1 1972 - 2022
Azerbaijan 42.47 2 1995 - 2022
Saudi Arabia 41 3 1971 - 2022
Uzbekistan 37.5 4 2005 - 2022
Indonesia 37.03 5 1981 - 2022
South Korea 34.05 6 1976 - 2022
Bangladesh 33.96 7 1976 - 2022
Cambodia 31.77 8 1995 - 2022
Nepal 30.55 9 1976 - 2022
Israel 30 10 1995 - 2022
India 29.84 11 1975 - 2022
Thailand 26.67 12 1975 - 2022
Malaysia 26.53 13 1974 - 2022
Hong Kong 25.5 14 1998 - 2022
Mongolia 24.1 15 1981 - 2022
Philippines 22.5 16 1981 - 2022
Armenia 17.62 17 1993 - 2022
Palestine 10.95 18 1995 - 2022

we still can improve on our saving rate...


qr code, ah haha

our currency sucks. thats the problem.

imagine our currency same like sgd, sgd 2.2 is super good.

currency sucks!

Any success in life is a very boring process

Put emotion aside, use brain, be discipline, stay consistent

I always tell people I'm B40 then everyone haha. So they don't feel bad for me.

I offer my input in this situation. I've counseled a female student post spm. Get scholarship for her. After talking for so long, she didn't study. She went to work to help fam.

Valid point..

But Chinese has a saying. Can poor anything but not education.

Parents who guilt trip their kids sacrifice their future just to help out with short term expenses are selfish. Dead selfish.

Rather hang on suffer a bit let your kids study then can help later. Than forever work as factory worker.

Selfish parents in this case.

I get this really. I'm in similar case but I'm glad my parents were gomen servant so my burden ain't that much. But I was really lacking. No money for breakfast, always worried for next semester money etc. And they're irresponsible.

Life is good now.

Many people talk shit about education and university. Don't join these people. It's always safe to have a paper with you, that's the least you should have in today's time.

Very selfish. Her future is finished, mostly. 20 30 years down the road, ask uncle kentang for help. Her parents literally destroyed her future.

That's why when I look at uncle kentang stories, i feel very sorry for the kids, I don't feel sad for the adults. There are exceptional cases as well of course. People who somehow got into deep shit and couldn't recover financially..but most I dunno what to say or what to feel. Even been through those period.


Don't poor education. Do whatever you need to get some education, be it paper, knowledge, or a set of skills.

Only ask those who wanna do acc 3 apply to move their fund. Don't affect those who wants the status quo to remain.

have 6 digit usd in crypto. cukur, can counter useless myr

not everything is always about you

you have tfx coin?... dun believe you are smarter than that degree and master in finance and law stupid guy what 120 mil AUM manager who rubbed shoulder with billionnaire then keep saying he is friends with them. but still need to go telegram look for new hamsters...

back to epf... talk about that also kek sim

this is great, the only thing to buck up is the strength of myr.

also something insurance agent will never show, cause it will rob them away their commission... and force you park in some money losing investment with lots of agent fee regardless of performance

zero accountability

up or down just pay.

they get to drive their ferrari. clients just wait ya. investment is for long term.

you are your best teacher, always teach yourself financial literacy.

otherwise, get scammed by insurance agent, UT agent, or money game people...

at the end of the day, no one gives a shit about your life,

live your life, look after your family and guard your money well.

agree, i really don't know how people survive.

i come back holiday every year, then calculate my expenses, no difference from where i am at.

a food panda order easily rm20 for a simple nasi goreng. ridiculous.

the only comfort food i can afford now is rm 1.50 nasi lemak at the roadside, still delicious. add egg, its 2.50. ate everyday during first week when im back and i got heaty body.

im still into street food, so still bearable. those going to cafes and restaurant. how do you afford with 3k salary.

grab also not cheap, one small journey also very expensive. so i take public transport.

save more when you can, you never know what tomorrow brings you.

watching now...

how will malaysians retire then

Common mentality among them is no savings. And why think about the future when I'm dying now. And let me withdraw one last time.

Acc 3 should be new fund. To be included in salary deduction like 9% to it. So 11% to acc 1 and 2. 9% to acc 3.

The idea is good, it helps people to save but epf better don't touch my account 1 and 2...

singapore also similar... dont see them die also

why doesn't epf let us choose the categories we want to be in

conservative

mid range

aggressive

we only have syariah vs conventional only and blanket the whole investment.