Riding bike to work and with no insurance. It's either your body is made of metal or there will be someone to take care of you if you are struck with bad luck.

I guess you just don't understand why people or even Companies buy insurance.

For someone who has the luck to graduate by using parents money, will not understand people who works at the age of 19 and studied part time after work.

Like someone mention before, not everyone have the luck to have everything provided and then start work with a bucket of cash from your parents hard work.

If you already have the mindset of girls = waste money, good luck to you.

Anyway on the salary, since it's stagnant for few years - would it be better to start looking for better opportunities, or to spend the money / time to up skill yourself then look for better opportunities?

Bro,  let me break down to you
RM3.5k
In my case petrol RM30/month.
Insurance Nope.  Never believed in them. No point I pay them and can't claim any money back from them. Money saved for insurance I pay myself as insurance.
My lunch and dinner consist of wholemeal bread with scramble eggs/tuna+ generous helping of veges. Under groceries section. Make myself. Yes,  I bring water from my house.
Telco  RM30+RM45= RM75/month
PRS RM250/month
Giving back parents RM300
Groceries RM300
Rental = RM700
Spending = RM1655
CASHBACK = RM50

Savings = RM3.5k - RM1655 + RM50 = RM1895 left over.

No GF. GF is huge waste of money provided. That's why only interested I  girls who can save.
Not staying with family
No study loan
Got passport but no need for overseas holiday.
Bro,  I shop clothes at bundle shop. RM1/clothes all branded. All my friends thought I buy new clothes. Can't even tell the difference between new and used clothes. Buy pasar malam slippers. Clothes can last min 3 years depending on how you care for them.
People ajak you go la. Spend max also RM50. I don't drink or smoke or go to pub. Is basically poisoning your own body.
Bro never had astro since small. No need for astro in this time and day of interet.
Car I settle everything. You drive you settle everything la.
Bro I pay utilities la. My electricity is free as below RM20.  Water only RM10.
Groceries and toiletries are under groceries spending.

Come on try me.

1. RM1895 x 12 does not equal to RM30k 

2. RM30 for car petrol ? You drive a highend PHEV don't need to pump petrol ?

3. Rental RM700 goes to bank indirectly  Can buy a low cost flat and own the unit already

1. Yes does not equal. But close enough.  With few years of compounding via amanah saham, RM30k/year is doable.

2.Yes. Rm30. That's the advantage of driving kancil. Not gasoline sucking beast, able to squeeze anywhere for parking. The trick to keep fuel consumption low is off the air con. Won't be a problem if you are leave house before sun is up. That's why I never aim for big cars. Big cars = more money wasted on fuel, maintenance, road tax.

3. No choice. My place rental all RM1k. This was the cheapest and closest  to my working place. But like I said no need to pay for electricity. Only pay for water.

Bro,  let me break down to you
RM3.5k
In my case petrol RM30/month.
Insurance Nope.  Never believed in them. No point I pay them and can't claim any money back from them. Money saved for insurance I pay myself as insurance.
My lunch and dinner consist of wholemeal bread with scramble eggs/tuna+ generous helping of veges. Under groceries section. Make myself. Yes,  I bring water from my house.
Telco  RM30+RM45= RM75/month
PRS RM250/month
Giving back parents RM300
Groceries RM300
Rental = RM700
Spending = RM1655
CASHBACK = RM50

Savings = RM3.5k - RM1655 + RM50 = RM1895 left over.

No GF. GF is huge waste of money provided. That's why only interested I  girls who can save.
Not staying with family
No study loan
Got passport but no need for overseas holiday.
Bro,  I shop clothes at bundle shop. RM1/clothes all branded. All my friends thought I buy new clothes. Can't even tell the difference between new and used clothes. Buy pasar malam slippers. Clothes can last min 3 years depending on how you care for them.
People ajak you go la. Spend max also RM50. I don't drink or smoke or go to pub. Is basically poisoning your own body.
Bro never had astro since small. No need for astro in this time and day of interet.
Car I settle everything. You drive you settle everything la.
Bro I pay utilities la. My electricity is free as below RM20.  Water only RM10.
Groceries and toiletries are under groceries spending.

Come on try me.
Not in my case where salary is stagnant for few years. Mine job got no overtime pay. Of course we are not talking about investment merely salary from company.

Dude stop it you are embarrassing yourself. Even I ride bike to work everyday also Petrol more than rm 30 a month. Kancil RM30 u can go around 200km top. 200km divides by 20= 10 km per day. That’s assuming that your office is 5 km from where you stay. Doable yes. But is it viable? Unless you don’t go anywhere except to and from office, which is pretty lifeless I would say.

1. Yes does not equal. But close enough.  With few years of compounding via amanah saham, RM30k/year is doable.

2.Yes. Rm30. That's the advantage of driving kancil. Not gasoline sucking beast, able to squeeze anywhere for parking. The trick to keep fuel consumption low is off the air con. Won't be a problem if you are leave house before sun is up. That's why I never aim for big cars. Big cars = more money wasted on fuel, maintenance, road tax.

3. No choice. My place rental all RM1k. This was the cheapest and closest  to my working place. But like I said no need to pay for electricity. Only pay for water.

I am lifeless.  Like I said I work >12h/day with only 1 off day/week.

I don't mind people knowing how I live as I am proud of the way I live. I don't need YOLO lifestyle. What's there to be a shame of.

Again as I said, getting second hand car is very easy. Just save up few months worth of salary and one can easy get a second hand car fully paid for in cash. Who ask to go buy new Honda or Toyota on first pay? That's asking for trouble. Owns elf dig their own grave aiming for RM50-70k car.  A car is a depreciating item and as long as it can serve it's function it's good enough.

I am lifeless.  Like I said I work >12h/day with only 1 off day/week.

I don't mind people knowing how I live as I am proud of the way I live. I don't need YOLO lifestyle. What's there to be a shame of.

Again as I said, getting second hand car is very easy. Just save up few months worth of salary and one can easy get a second hand car fully paid for in cash. Who ask to go buy new Honda or Toyota on first pay? That's asking for trouble. Owns elf dig their own grave aiming for RM50-70k car.  A car is a depreciating item and as long as it can serve it's function it's good enough.

1. Difference of 24% / almost a quarter is close enough ? You think so because you know you have daddykasi. For ordinary people, without bank loans, they will never be able to buy a house

2. I will ask my youngest son to drive my spare PHEV. Only need to fill up petrol once every 6 months because his office is only 15km away. So that he can brag among his friends he only use RM20 petrol per month

3. So, bank still makes your money regardless, despite not having a bank loan
Bro, you are lucky to have a good daddy  :thumbsup:

1. Bro the trick is not to take full loan from banks. Borrow as much as possible from relative as they are willing to lend you.
Then topup using your own cash. Then the remaining take loan. That one no choice. Taking a RM250k loan is much more manageable then taking a full blown say RM500k loan.

Of course repay the favour when relative ask for money. Don't be selfish.

2. Bro cost of PHEV > price of kancil. But since kancil no longer in production, the only choice now for regular folks would be axia. I was amazed with kancil fuel efficiency. A normal trip with air cond 1.5L car usually cost RM50 for 2 ways. But with kancil withiut air cond  the trip cost only RM5 for 2 ways. Freaking RM5 vs RM50. That's super large savings.

As I told you in the other thread,  I need to find ways to squeeze as much money as possible hence I need to be creative.

3. That's why I intend to repay them. Hopefully can take them go on overseas holiday before they are too old.

1. Ok, now you said "no choice" to take loan liao......so, you finally agree to let banks suck your money ?

2. My son got dedication just like you. You did not factor in the cost of your kancil, so didn't he 

3. You did not budget in your unselfishness to repay your parents and relative back....Overseas holidays for 3 person cost 5 figures

1. Bro the trick is not to take full loan from banks. Borrow as much as possible from relative as they are willing to lend you.
Then topup using your own cash. Then the remaining take loan. That one no choice. Taking a RM250k loan is much more manageable then taking a full blown say RM500k loan.

Of course repay the favour when relative ask for money. Don't be selfish.

2. Bro cost of PHEV > price of kancil. But since kancil no longer in production, the only choice now for regular folks would be axia. I was amazed with kancil fuel efficiency. A normal trip with air cond 1.5L car usually cost RM50 for 2 ways. But with kancil withiut air cond  the trip cost only RM5 for 2 ways. Freaking RM5 vs RM50. That's super large savings.

As I told you in the other thread,  I need to find ways to squeeze as much money as possible hence I need to be creative.

3. Like I said if need to take loan from bank, make sure to minimise the loan as much as possible.

That's why I intend to repay them. Hopefully can take them go on overseas holiday before they are too old.

1. You can let banks suck your money but you have the choice how much to let them suck. I know I prefer to give them less profit. For me, is very simple. Do not let bank suck money from you if you can help it. If you can't help it, let them suck minimal amount.
That's why I don't take PL, I pay my CC on time and don't use them for transferring money. Use only the max amount eligible for Cashback and not a sen more. Don't give them chance to suck my money. If more people act that way, banks will be forced to lower their profit margin which is good for consumers.

2.Teaching kid about the value of  money is very important. Never give kid too much money as they will never respect money and will just burn it away. After all if you have lots of it,  why bother to be careful about it as there's always more.

3. Perfectly fine for my parents and future wife. Family first. After all it will be even better if passive income is paying for it rather than forking out via salary or taking loan from banks.

Not sure how can someone be so blunt and naive. Not saying that your trick doesn’t work, but you can’t just simply force your ideology into anyone’s throat.

Borrow from relatives? That’s a big Nono to me. Have you heard of the saying when you borrow money to someone you don’t expect to get it back? There’s a reason to it, look it up.

Axia best fuel efficiency also 21km/l. Assuming that you are really extreme and you follow the fuel saving steps to the max you can hit 20 km/l. RM30 can only give you 276 km. That’s only 13 km each day for twenty days. I have never seen someone who said that his car fuel consumption is RM30/month. You are the first.

Agree on your personal loan part, everyone knows that CC debt is never good. But property loan you can never avoid it. In fact sometimes there’s good debt that you should always go for. Your method is too extreme borrowing from relatives. Then? When are you repaying then? You think they are your personal bank that don’t charge interest?

For me,  that's how my cousins have been getting their house. They borrow from family members, then pay back in full. Hence borrowing less from banks and no need to pay interest. So if you want people to pay you back in full,  make sure you yourself pay it back in full

Bro,  I am using kancil. Try without air cond for one month. You will be amazed how much you save on petrol.

Same can be said for electricity bill. By removing air conditioning from your house usage,  electricity bill will drop drastically.

The question is can one stand the minor inconvenience so that their bank account is fatter at the end of the day.

You need to give up something to get something.  Nothing comes free.

Borrowing a few 100k to buy house its like a norm to him. That's a first to me.

Maybe your family and relatives keeps money like our former PM.

Im surprised you actually owns a car, and pays for something you don't believe, insurance. Wheres the cost of maintenance road tax and insurance? I didnt know kancil is free of maintenance.

You must be those people who thinks drive slowly on a mid lane its safe.

If you walk to work you can save even more and maybe even more safer.

Let's say you want to buy a RM500k house
Like I said, up to good will of your relative how much are they willing to lend you. if  you have 10 family members and each give you say RM20k, that's RM200k.
Then topup with your own RM100k cash.
That leaves RM200k to loan.
Servicing a RM200k loan is better than servicing a full RM 500k loan.
Then take your time to pay back your relative.