Difference between borrowing from bank is you need to pay back on time. With family take your time.

I work 6 days a week but the work place to my house is less 20km. But example I quoted was on a real trip driving 20-30km at 60kmph one way. Two way was about 40-60km. And as I said that trip was made fully without air con and it cost me total RM5 in that 3 days. That was why I said I am shocked at kancil efficiency.

Up to you to believed what I write. But what I wrote are all truth. You are free to doubt me and don't need to follow me. I am writing this so that people know that there's a way to save on petrol. Get the smallest cc car, drive without air con and one will have substantial saving.

If want to go for fuel efficiency choose BHP. If want best RM/L petrol, best brand is petronas. Can get about 10% discount with certain tricks (Cashback).

I think I will reply most of your comment.
1. Bro if you have been reading, I try my very best not to give banks free money either via loans, cc, FDs, investment, fees. Only if you cannot help it, then give free money to banks. But again as I said I try my best to minimise the amount I give.

2. Bro I know sarcasm but it's OK. Cause no one can believe someone is able to live such life. So what? Like I said I have no control over my income, but I have 100% over control over my expenses so I try to minimise my expenses where possible.

3. Bro one at at time. You don't need to bring them overseas every year. And as I said I am trying to make my passive income pay the expenses or at least part of it. If you try to juggle 2 at time, you are going to be in severe trouble. Again have not done it as I am Damn busy and will only be free after 2-3 years time.

He's right. Property price will never drop in KV. It needs a severe recession to bring price down.

Bro, up to them what they want to do with the money. I loan them out of good will. Have I ever don't get back my money? Yes I did. One of my family hot cheated in a business deal. Just let the money be gone. Money to relative can always be earn back but strain relationship are hard to be earn back.

When you have no one to help you out, you need to work harder. I have relative to help me but I work my ass off so that I don't need to depend on them. Only depend on them for really important things.

I don't keep track. But definitely less than 20km. I try to keep it to RM1k spending. Again I don't spend more than the max CB I am entitled to.
Maybank ikhwan + public bank Quantum (use PB to topup bigpay so that you can get 5% on any transaction any time, any place).
Pay parents utilities + groceries and they pay me back in cash as they don't want to apply CC. They love using cash even though I have advised them not to use cash. Told me if you want to earn extra pocket money from banks, you pay for us using card, we pay you full price in cash.

Combine that with my own petrol, groceries, mobile bill.

This post has been edited by Ramjade: Jul 16 2018, 05:37 PM

1. Actually they can escape for car and personal loan. Just save up enough until able to buy car with cash. Search for nd car also OK as mentioned. No need Toyota/Honda or in your case hybrid.

Personal loan well up to you. Ask why do you need a personal blown? Is it to maintain your lifestyle. Is it needed?

House doable but need a long time if really want to buy with cash alone.

2. Well, my salary is fixed. Salary increment is based on seniority and no bonuses will be given. Juniors have no say in it and just to accept it. Is take it or leave it.

3. That's why I said have to depend on investment income. While investment income increases, I maintain my current lifestyle without upgrading it. That way my free cash flow will gradually increase.

Er look at KV price. Did it come back to RM200-300k range? Nope. All house price hovering at RM500.

Bro, kancil without air con does wonder to your bank account. True story.

That's why you hear, if you want to save money buy a kancil.

This post has been edited by Ramjade: Jul 16 2018, 10:53 PM

Read my reply to Showtime747 and you will know why. My salary is based on seniority. So even if you are the most hard working person or the laziest person who always ponteng kerja, both of them get paid the same amount I have no option when it come to salary. But I have options in expenses and generating passive income. So again like I said, if you have control over stuff you can control, use it.

Stuff which you have no control, can't do anything about it.

Regarding girls, I have not yet met a girl who can save. Even those who initially thought can save, after they started working, they started living the YOLO lifestyle. So other eg. as a student in uni, is a macbook pro really needed? Do one need to dine out every other week at fine dining hotel/restaurant?

Finding the ideal partner requires time and effort. Make the wrong choice and suffer for life. Finding the right person is also another type of investment.

This post has been edited by Ramjade: Jul 17 2018, 12:19 PM

I am not asking someone to follow my lifestyle as it's too extreme (I like what I am doing) but the problem is cannot even save. First salary must get an iPhone. Then must go overseas for holiday.

This post has been edited by Ramjade: Jul 17 2018, 01:23 PM

It make sense especially people who are used to it. My grandparents had it worse than me. Yet they can save like crazy. I am nothing compare to their saving habits.

It's better to leave money in bank, collect significant amount first before start investing. Money put in bank will only be eaten up by inflation. Money used to buy rubbished things will be gone for good.

Partially agreed. It hits the middle income and low income people. The rich are spared.


MeToo see eg below. The rich purchasing power does not really decline.
This post has been edited by Ramjade: Jul 24 2018, 04:46 PM

Not if say all 3 spend the same amount. If all 3 spend the same amount, does the high income folks need to tighten their belt?

Getting hit by inflation for high income is their own doing (indulging and spending on high end stuff ).

For high income but frugal people, they can go on spending as usual as they have more than enough money to cover their expenses.

This post has been edited by Ramjade: Jul 24 2018, 04:57 PM

If one earns RM5k/month use to spend RM1k/month,
Then salary increase to RM10k, one increase one spending to match one's salary (get new car, buy bigger house, go for more fine dining, go for more freq overseas holiday)
One will come back to square one. Feeling that current salary is insufficient. Is all self inflicted.

But if they maintain their old lifestyle, inflation won't really bother them.

Sure why not? Warren buffet, ikea founder, Bill gates all live way below their means.

There's no need to scale your lifestyle up to match your salary. Money can't be bought to the grave but you don't need to go chasing after money if you have lots of it.

Try reading the book millionaire next door

Er bro,
4. I said RM10k from relatives. The rest from your own pocket. There are many places outside KV where prices are way below RM200k (Semi D).

5. Again I said a second car can easily be bought at RM5-10k. Do one need the latest car? Even if one decide to buy a new car, 2-3 years worth of saving aught to be enough to buy a new car in cash assuming price of new car is in RM40-50k range.

If you want to talk about Daddykasi, I pay my own income tax, my own bills, petrol, groceries, credit card bills, buy my own clothes ok. If daddykasi, no need to fork out a sen for those things ok.

You may want to give in to lifestyle inflation, I won't. Why should I increase my spending just because I can afford it? Why should I "upgrade" when I am perfectly fine with my current lifestyle? Giving in to upgrades means one is easily tempted.


Banks are still blood suckers. But it doesn't make sense if say you have RM1000 and you want to invest in bursa. RM8 x2 (commission for buy and sell) = 1.6% in cost alone. Better to wait until one have RM4000, then commission would only be 0.4%.
Same thing. With RM1k, which bank going to offer you nice juicy FD? THe only thing one can do with RM1k are
1) invest in amanah saham fixed price fund which works exactly like FD but you are getting 6% on the RM1k.
2) invest in UT
3) invest in stuff like funding societies.

This post has been edited by Ramjade: Jul 24 2018, 06:20 PM

Sorry bro. I have to disagree on that. If I have RM500k, I wouldn't waste it on a RM200k car. Not worth it as the moment the car leave the shop, price already started dropping. A car is to get you from point A to B. Period. If I have RM500k and IF REALLY IN NEED OF A NEW CAR, I would still go with a small proton or perodua. More money for me to buy healthier food, more money available to go overseas, more money to generate more money.

Otherwise, good gracious, I won't buy a new car if my old one is functioning well.

This post has been edited by Ramjade: Jul 24 2018, 06:26 PM

Well I am proud to be poor. Because being poor helps me teach me the value of money and have discipline over it. When you are not rich, don't act rich. When you are rich, don't act rich.

Be frugal.
KV use umobile cukup. RM30/month with 7.5GB Internet, free 30 min talks. And I am not even in KV.

Car get 2nd hand car. In the range of RM10k can get already. Who asks one to buy super fuel Sucking car? Kancil, kelisa viva, axia are all super fuel saving car. Siapa ask to buy Honda or Toyota first hand. Even if buy a brand new 1st hand car. Buying big car only only cause misery.
1) higher petrol
2) higher taxes
3) higher price
Small car RM30/month cukup. I am living proof as my car only use RM30/month.

Breakfast drink fruit/vege juice eat drink oats. Super filling and healthy. Makan just pack your own food. Scramble egg/tuna in wholemeal bread. Makan also makan at economy rice stall. I pack my own lunch and dinner to work. RM300 for my makan which include groceries.

Do you even need pocket money? I don't. My excess goes into my savings/investment chest. I don't need anymore savings as I have already build up my emergency savings and they can last for min 2 years worth of expenses.

CNY only once a year. If you have saved enough, CNY won't be big issue.

Clubbing is ownself find fault. Easily can burn RM200 there. All alcohols and why should I burn money to prison myself slowly when the money burned for clubbing can be used to buy healthier food or make more money. Is clubbing really needed?

This time of day, you don't need movie nights out. If you need movies night out, how much do you spend? I only pay for parking + fuel + movie ticket. That's it. About RM10 total. Nothing more. No popcorn, no pepsi/coke. Again I am not paying money to prison myself.

My income tax and EPF is already deducted from my salary. Have no say in it. But what I do is make sure to claim back what is mine. Make sure my income tax is lowered hence claim some money back from govt. So many legal ways to reduce income tax.

Do you need yearly medical checkup? If you go clubbing, poisoning one with Malaysian food, then yes. If you choose to go for min 70% fruits and vege diet, then not needed. Majority of medical conditions in malaysia can be prevented by change in lifestyle and spending. Diabetes, hypertension, stroke, heart attack kidney problems are all a result of poor healthy lifestyle.

Again is that overseas trip really important? Can you survive if you never go for one? Is been years since I actually go on a trip. Imagine if you can save RM3k/trip. For 10years you don't go, there's already RM30k saved up.

If you have no money, there's no need to act like you are rich. If you are rich, do you need to scale your lifestyle up and give in to lifestyle inflation? Lifestyle inflation (the desire to spend more with increasing salary) is what's trapping middle class people. If salary naik, you think other things won't naik? Come back to square one.

You don't need high salary. You just need to know how to save and be frugal. Cutting out things from one's lifestyle is hard as it requires sacrifice. Not many people can sacrifice things. You don't get something if you don't give up something.

The below is best example for single person ticket.
Come come I teach you.
Movie ticket you don't buy weekends la. Weekends they jack up price.
Some shopping mall RM1/entry (not count by hours). Some got commercial parking opposite/near mall where got lots of kopitiam. Park your car there. Free parking after 5pm. Walk a bit la.
Always always pack a bottle of water with you when you go for movie so that you don't end up buying over price soft drink.
Always always eat something before going for movie. Make yours some bread or eat dinner straight.

After movies go home straight, no need to linger in mall around. The longer one linger n mall, the more tendency he/she will spend on first get food.

If you are staying 10-20mins away from the mall, your petrol cost is practically neglible for small car. If big car then

Use credit card for your movie ticket. Some offers like rebate RM2 off, some offer like free ticket with purchase so you drag your friend along and split the bill.

For me my principle is very simple. Live way way below your means. Don't deprive yourself. Find ways to have enjoy food or life but still stick to first principle of being frugal.

If income were to increase, stay with old current lifestyle. Don't get trap via inflation lifestyle.

Lastly try not to give banks free money.

This post has been edited by Ramjade: Jul 30 2018, 03:30 PM

Yes limit of your salary. But if you have no money, how are you going to generate more money or buy house? You still need a base to start of. Many people don't realised the power of savings and brush it off. Every single sens adds up even if is small amount.

Read the below articles to know about power of saving.
https://stestocksinvestingjourney.blogspot....-of-saving.html
http://investmentmoats.com/wealth-building...your-net-worth/
http://singaporeanstocksinvestor.blogspot....ive-income.html
https://www.mr-stingy.com/earn-little-why-save-money/amp/

Saving money is difficult as you cannot spend it. It takes effort, discipline and sacrifice. Spending is easier hence many choose to spend rather than save.

This post has been edited by Ramjade: Jul 30 2018, 08:35 PM

Don't need to mind about whether others are saving or not. If they are good for them. If not, prey for them. If everyone like prudent and frugal lifestyle, economy will be in serious shit as no one want to spend.

The real question you should be asking, am I saving enough?

This post has been edited by Ramjade: Jul 30 2018, 11:52 PM

People here have been generous in sharing their experiences. If you think blow water, they you are welcome to not try it out.
Whatever theories or those crap it only boils them to the following sentences.

To have more money, there's only 2 ways.
1) earn more money*
*provided you don't fall into lifestyle inflation trap
2) save more money.

If you can't save money, your only option is to earn more money and vice versa.

As they said you can bring a horse to the water but you can't force it to drink.

Same thing here. We have already show you countless way. If you still doubt it, then good luck and cont working and be in the rat race.

FYI, I do not know wong well enough but when he talks I listen cause he have more experience than me. His experience can be validated with the excel files he shares in his signature.

Somehow I am getting a feeling that you are not ready to attempt the FIRE lifestyle hence all the excuses. I may be wrong but I hope for your own sake I do hope I am wrong.

I already shared how one can avoid paying bank loan for house.
1) Don't buy house in KV. Plenty of house outside of KV going for RM150-250k (semi D)
2) Save as much as possible. Again the annoying word save isn't it.
- why is that so? I gave an example, say some one is earning RM4k, if can save RM2k/month (which is 50%), he/she will be able to get RM24k/year.
- Do that for 5 years, already have RM120k. Can shorten the time by investing to get it.
- after that just borrow from relative. One relative RM10k. Interest free.

A will give everything away. With a trust, you can control how much % the kids can get. Somethings can't be save. If your money is big enough, a will won't cut it. A trust would be a better options.

To get rich, there only 2 way.
earn more
save more

There's no such thing as spend more. To save more, well want to be ready to sacrifice things. Again I sense you are not ready to sacrifice some "luxury"/"wants" in life.

FYI, if you have been hanging out long enough, those people are tycoons/HNWI who are willing to share their life story to us ordinary folk. If you are open minded, you will learn a lot of things. I keep my mind open that's why I learnt lots of things from them.

1. I don't work in KV but I rent outside and it cost me about RM700/month. Why do you think lots of people spend so much time travelling to work? They can't afford to stay in KL. When you can't afford, live within your means. There is no hard and fast rule die die must stay near working place. For those looking to get first house, got so many choices in Selangor, PR1MA, Selangor home etc. See whether your face or your money more important.

2. Nett income. After minus EPF + all my expenses, I got RM2-3k.My other miscellaneous expenses cost only RM300+like that. One can achieve it if
- able to pack food from house
- no need for outside fancy dining
- not into gadgets/buying expensive thing every year eg baju raya/CNY clothes/branded clothes. My shoes are all RM25-30 Bata shoes, Bundle clothes at RM1/piece (all branded and looks like new)
- nothing to buy or spend. Nothing interest me so why should I folk out money to buy things I don't need?

As mentioned, get RM10k from relatives like that. Don't la like pinjam until RM100k. Everything pinjam must pay back la. If you have 10 relatives that already RM100k. Don't tell me one can't save RM100k after working for few years. Of course saving alone not enough. The money one save must be put to work. Risk free investment in Malaysia are basically FD and amanah saham and compounding interest work wonders overtime. Shorten the amount you need to save up.

It is about monthly expenses. And I am sharing how I spend so little. Not wrong to share.