Basically i earn 2.5k
potong epf and sokso 2.3K

With 2.3k

Im monthly spending on

CarLoan        : RM480
Internet        : RM184
Mobile          : RM 84
Parents          : RM 300
GYM              : RM 106
Petrol            :RM 140
Food              :RM 300
Entertainment : RM 300

I'm in my early 50s and looking at possible early retirement. I am looking at advice on how best to manage my finances so that it'll last me over the next 30 years or so.


- assets: apartment, car, ~RM2m in EPF, ~RM200k cash
- liabilities none. Kids have finished school etc.
- other income none
- monthly expenditures RM4-5k for a very comfortable living
- insurance none, have always been covered by the company and don't plan to take any in the future given my age, the cost, my thankfully good health (now).

Earning average nett 4.5k after epf and tax

monthly commitment
Car Loan        : RM1050
house loan      : RM700
Mobile            : RM 100 
gym                : RM 88
Petrol              :RM 300
Food              :RM 300
insurance        :RM200

Wow...most of you guys successful at young age...I think I gg man...

Age: 24
Jobless since April, worked for 2 years.
(Normal life before Covid-19)
Monthly Expenses:
Food: 300 ~ 500
Phone bill:  30 (U mobile unlimited data)
PTPTN : 195.50
Medical Insurance : 150
Housing Utilities : 120
Give Mum allowance : 200
Car petrol : Covered by previous company otherwise around 300~400

Total Expenses before covid : about RM 1k~ RM1.2k

Cash on hand : 9,327.77
FD :  3,124.5
PRS : 2,000
EPF : 18,193.05
Stocks :  3,000

Total Assets : 35k

Total Liabilities PTPTN : About 26k left

I live with parents right now, car using secondhand car already paid off...now my concern is to find a job that pays me well...sad that i quit my job then covid happens.    No choice now need to look forward ba

Hi all,

Looking for some advice building wealth as a young person.

Age: 23
Nett Pay: 4000 ( been working for about half a year)

Monthly Expenses:
Rent:                            1200 (Rent is very high because I work in KL and prefer to live nearby, rather than being in the car for 4 hours per day)
Food:                            600  (Every month since living alone have to buy groceries)
Phone bill:                      60
Other bills:                    130 (Electricity, Water)
LRT:                                60
Entertainment:                200
                                -----------
                                  2,250

Monthly savings: 1,750

Cash in hand:                21,000 (In a high-interest rate savings account)
ASM:                            1000
EPF:                            7000

Total Assets: 29,000 (although I don't like to count EPF as an asset at my age, what do you all think ?)

No outstanding loans.

I know the rent is high, but I don't pay for any petrol or car loan in this scenario. I do take grab sometimes but rarely.

Really appreciate any advice on how to improve my financial standing or grow my wealth.

Thanks in advance for all the help.