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

Hi bro,

1. Why use your dupe account to post here ? Scared readers here trace back to your background ?

2. If you are interested to know my background, you can just do a quick search in Property Talk, FBI, and Stock Exchange sub-section, and you will know quite a lot about me. BTW, I don't use dupe account to post like you. So, you can always read and look for consistency of what I wrote over the years. Anyway, it is substance of what I wrote that counts. Substance and knowledge is the best "testimonial". Not a dupe account

3. Do I sound like I "know all" ? If that is the impression to you, I am flattered. Because it is not my intention and I never felt so myself. But if you really feel that my comment is so impactful until you feel I "know all", I can only say thank you for the compliment

4. If you take the time to read back, bro ramjade actually said he can buy a house in 10 years from now. His choice of funding is from his relatives. 10 relatives each loan him RM30k, and he can buy a RM300k house. And that is interest free because his clan don't charge interest for inter-family loan ! How realistic is it to have 10 relatives who can loan a person in our modern society now ? So, it is inaccurate to say he can escape bank loan. Just that his source of loan is his relatives instead of banks

5. As for his car, the case is the same. He is using a Kancil from his family. So, he has a choice not to have car loan. For many people, there is no daddykasi. And they have no choice but to get a loan to buy a car. While bro ramjade has a lot of "dedication" to be bank loan free

6. My daddy go sell "salty" duck egg since my primary school days. Does it count as "salty" ?

Money is not yours unless you spend it. If you dont spend money then the money have NO VALUE at all.



I love it how everytime people talk about "rich" everyone wants to bring in the billionaries and use them as comparison.

So your definition of rich is Li Ka Shing and Buffett? Then everyone else is poor?

Cause pls understand there is a certain base amount you can spend before more money becomes irrelevant. So pls dont bring in Billionaires into the equation unless you want to bring the discussion to a different level.

Now, going back to spending habits, sure if you earn 50k and spend 10k, you will have more "savings". You will not be "rich". Cause if all you EVER do is spend 10k a month, regardless of how much you save its useless and pointless, you ever will spend 10k a month. How can you be "rich"?

Money in the bank that you NEVER use does not make u rich.

Anyone who insist on bringing in billionaires. See my above response.

Sure they spend "below" thier means, thats still a few gazillion times more then what you are spending. Understood?

Edit : Reading millionaire next door? Why bother? I might as well work hard to be one myself... oh wait I am....
Pls wake up, a million or 2 these days aint nothing. You still live in a terrace house while driving a proton japanese car (sorry forgot my wife upgraded recently)

This post has been edited by MeToo: Jul 24 2018, 05:31 PM

Bro, I know you never leave money in the bank because they are "blood sucker" giving you measly interest.

You invest when the brokerage reach minimum $10. So you don't save like 10k in banks

Why suddenly change tune already ?

1. Not a dupe acct, i'm just more active these days.

2. Not really interested in yr bg. what you wrote is the best substance to judge your characther - and it's abit narcissistic.

3. no need, your comments not impactful. and yes you sound abit, if its not yr intention then ok good job, give you another

4. i agree with this statement, borrowing from relatives unrealistic, impractical and possibly exploitative.

5. for many ppl with no choice, can choose NOT to buy car (yes you have comeback, but oh wells)

6. that one yr daddy salty. maybe you are too.

No need talk philosophy.

But i must rebut you because your thinking can misguide others.

Money is still mine if I don't spend it. It then becomes a choice of when I spend it. Being flexible is what being wealthy is, you have CHOICE not bounded by NECCESSITY.

Money in bank that you don't use, can be used to generate more money.

By your statements, I do feel you are not very financial savvy UNLESS you are a 70 year old uncle who wants to spend the rest of his life happier (go ahead and spend all your money man, live like a king). the rest of us will have to save and invest before we reach 70 so that we can spend all our money. We want to be financially secure for our future, and family

you been claiming.

"keep money in the bank, save, dont spend, you will be RICH".

Money in the bank can be used ot generate more money that you never use? Really? Thats a good plan?

What nonsense is that, whats the pooint of having figures printed on a piece of paper.

You feel rich? You feel good? You enjoy it? Nope... you dont enjoy it, you continue to scrounge like a pauper. Maybe after you expired your kids can finalyl take the money out and live an enjoyable life.

As for financially savvy or not, well, perhaps I'm not, but I would like to think I'm doing ok for myself. I live an enjoyable life and still managed to retain a 7 digit nett worth... not rich, but certainly not living like a "rich pauper"

Estimate ah?

50 Fuel
100 Electricity
200 Insurance
200 Monthly (old personal loan but malas to clear)
400+ Mobile with Unlimited Data (dad & mum mobile too) + Home Internet + Spotify + Netflix
200 Astro + Fiber (for parents house)
220 Gym membership
800 Self Allowance (usually for makan and recreational activities)
2-3k Credit Card spending (gadget/movies/games/makan) but always paid in full.

Soon
1k monthly house purchase. Most likely will tolak credit card spending a bit.

This post has been edited by emino: Jul 24 2018, 06:10 PM

Generating money passively is bad and nonsensical? Hmmm i guess the whole world doesn't want this since its nonsense.

No one is saying to live like a pauper, but I am asking you to money manage and live within your means. that means to also have financial security.

Does your seven digit include the cents at the back abit of joking there haha your 7-digit nett worth must be in your house and cars right. cause what you been preaching is keep your liquid asset (cash) low, and spend it? i assume your liquid assets must be low , in order to maximise your happiness.

Like I said, when I'm 70 and old, I will definitely try out your lifestyle. No use leaving money for my kids and wife. Spend all for myself. Because spending money on myself will make me happy. Spending money on my family members wont. Leaving them financial security wont make me happy too.

1. Haha, everybody here believe you

2. Coming from a dupe, that must be true

3. But you felt my comment, until you have to reply to me. It may not be impactful to others, but it is to you very apparently

4. So bro ramjade can choose not to have bank loan because he have access to generous relatives ? 10 of them !

5. For most KV people, if no car, you limit yourself to your job location, hence limit yourself to opportunities. Not practical

6. Come to think of it, I am very proud to have made it over the last 50+ years without daddykasi. It is definitely a higher sense of achievement compare to bro ramjade who have daddykasi but brag about how thrifty his life is

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

Ok, I give up trying to dispute your way of thinking, you live life the way you like.

But, pls do not leave money in the bank, thats the worse way to "grow your wealth" as you put it. Money in the bank will always lose its value over time, the bank interest will never keep up with inflation. As to where to grow your money, I'm sure you have your own ideas.

What I'm preaching is, upgrade your lifestyle as your income grows. DOnt be a penny pincher and live liek a pauper. When you have 500k cash , do you buy a 500k car? Not really... but go buy a 200k car, splurge a bit. Dont go buy a proton and think you are rich rich rich. It doesnt work that way. For all you know, you might die tmr.

Oh and wait until 70? U sure you can live until then?

1. thanks

2. but you said everyone believe me

3. you reply directly to my comments, its only courtesy i replied back. i think i was more impactful to you instead since you engage me in a conversation first.

4. bad ramjade have so many generous relatives. but again i agree its not practical.

5. Can take bus + LRT (alot of friends do it). if you have the skills, opportunities will appear. if you don't, don't get a car.

6. good job, i don't want to take away the fact you have worked hard. but im sure yr daddykasi you milk powder + pampers and even salted egg. its just that bro ramjade daddykasi him more stuff like kancil. that's life. btw so you wont kasi your children education and house to live in?

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

if you spend the way you do, you prob might not live till 70 cause you dont have money to live healthier and pay for medical bills

Bank CA interest ~1%, FD rate 4%, Malaysia CPI ~3%. Put FD, your money can keep up.

I agree, upgrade your lifestyle for sure - actually no one is saying not to - i'm always from start till now preaching money management and spending within your means. Its a choice, don't question ppl why they never buy 200k car when they have 500k. If could be they are only comfortable to spend 200k when they have 1m. When they are at 500k, maybe they are comfortable to buy only 100k car.

Again, if you have 500k in bank inflation you wont even feel it. (excluding big tickets items yeah , mostly real estate)

The way you answer, I'm pretty sure you still have a low income. None of my peers (whom let say fulfills the minimum /k earning of 20k+, usually multiples of) thinks that way.

Once you gets to a certain income level and/or networth, then we talk again.

Edit : Actually I wanted to summarie it and just say "spoken like a poorfag" but realised this is not /k

This post has been edited by MeToo: Jul 24 2018, 06:31 PM

Sir, i'm aghast at your financial literacy. I thought i was pretty bad, but your ineptness put me to shame...

To think that putting your cash in FD will "grow your money and outstrip inflation" is ... wow... i dont even know what to say.

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.

At one moment, i thought you are good with your money.

Untill i read this.

No wonder you would believe someone who drives a kancil and only uses rm30 fuel a month.