Maybe for some of you getting 1 million in EPF is easy because you have big salary and easy job. Not me. Coming from a poor family, unable to go to university no money only SPM, my option is to go for sailing as seaman at high seas, leaving family for 9 months in year. That is why savings for retirement is important. Nobody want to sail until old. You want to become a seaman? Only people with no choice become a seaman from my experience.

Then save money and divesifed. Leave below your means. And don't follow your friends lifestyle. Kena kutuk buat derkk jer...

Age: Coming 44

Wife: Government officer

Children: A dotter

Asset:-

EPF: RM1,127,092.45
ASNB: RM2,096,195.19
Total cash: RM3,223,287.64

Dividen per months from the above: RM12,750.00

Properties:-

1 Semi-d Shah Alam
2. Double Storey Terrace Sentul
3. Condominium in Cyberjaya
4. Banglow lot land near Putrajaya
5. 1 acre kebun in Rembau
6. 1.12 acre kebun in Bukit Rambai

All above loans already finished.

Car: MYVI 2016, wife Proton Wira 2005 (Car loan already finished)

Monthly expenses for familu and self: RM4,000 (Food + Grocery + Electricity, etc etc)
Parent RM 300 ( My mom don’t want because her pension is 10K/m from government) But I still gift.
Rental RM 0
Car loan
Car Petrol - RM350 per month
Renew road tax + Car Insurance = RM125/month
Car Maintenance average RM100 per month
Insurance RM62.50 per month
Phone RM 120
Internet RM 138
PTPTN Loan Nil
Total Expenses Exclude Credit Card and Personal Loan Debt = 1000/m on CC for minyak and medical isurance premium.

Mininum Credit Card Payment Per Month = Nil

Who said makan gaji cannot become a millionaire. Just need to keep savings and kerak kasi kecil regardless you have big salary. We will not know when we will be retrench, vss or sick cannot work anymore.

Yang penting kerak kena kecil dan hidup di bawah kemampuan.

Keep liability to low such as cars, rumah juta-juta please avoid.
If you work offshore outside Malaysia water, no need to pay tax if you are out from Malaysia for 180 days.

Foe seaman special rules. to encourage Malaysian to join the seafarers industry, regardless you sail with Malaysian Companies ships or foreign ships companies, if sailing more than 180 days, you are exempted from LHDN.

However, regardless you are exempted, you need to have an account with the LHDN and every year you need to fill up the BE form but declared no income in Malaysia and also keep the supporting documents from your company.
I just highlighted that makan gaji can also become millionaires provided even though my academic is not good. Only SPM with grade two:-

you choose the right career. Usually, job that people don't like and for somebody to replace you it is difficult, they need to undergo the same process of certification, seatime (like pilots collecting fying hours) exams, modular courses, etc etc.

To emphasize that you need to control your spending even if you have high salary.
This what I observed from my colleagues during our young days working:-

1. Most of my friends (mostly the malays) starting work already bought the new Perdana V6. That time V6 and the new honda civic were hot selling cars. Some bought AMG cars.

2. Buy house more than a million loan. Then renovated and furnishing the house by the designer at a cost of 200K and above cash.

3. Every year came back from sailing, renovated kitchen for 60k cash. holidays in fie stars hotels and taking business class flight.
I am ok with the above, if you dont kacau me, i dont kacau them. But unfortunately it is not true. This is what I encountered during my working days as a seaman and overseas:-

1. I drove wira and later myvi.

2. During gathering, teh tarik or during modular courses, my colleagues always kutuk made jokes such as.

Duit tak boleh bawa ke mati, you need to enjoy life, u mati nanti somebody else will enjoy your money.
Now how? with this covid-19, no job, we nee to have savings to survive. Furthermore as seaman or working offshore, stringent medical check up is required yearly. Kantoi and you are grounded. If you are luck to find another office job the pay will be lower and unable to pay the loans.

I still remember there was on teh tarik session at mamak, mostly came with big cars, but when come to pay all look busy looking at the phone. The owner of myvi lah yang pergi bayar.
Yes is is true duit banyak-banyak tak boleh bawa ke mati tapi masalahnya duit dah habis tapi tak mati-mati lagi. So how?

so....any good suggestion on how to spend the money beforelife ?

EPF dividend doesn't come from gomen.

This doesn't say EPF dividends come from government.

EPF dividends come from the EPF fund performance However the goveement guarantees a minimum 2.5% return if the fund doesn't achieve that. (and this is only for convetional, not shariah).

Just for kicks...

last year GDP for malaysia up 8.7%

https://www.thestar.com.my/business/busines...expands-7-in-4q

"For the entire 2022, Malaysia's GDP expanded 8.7% as compared to 3.1% in 2021."

Does this mean EPF dividend up to 8.x% is also possible?

9.99% and run nekid around KLCC? 

Never ever in EPF history did they paid above 9.99% dividend rates....

The highest & best dividend rates is 8.5% for the year 1983 - 1987 period

🙏

If 9.99, your housing loan would be 8%