Like I said your thinking is not practical because you are imposing your ideas into some one else. You mentioned that you dont work in KV which you should put it in your statement to qualify so that people will know you are not working in KV . Of course if one person not working in KV, he can opt for cheaper alternative place outside of KV. By the way, you have to specific which part of Selangor, because KV cover a relatively big region of KL.Selangor as well.

Are you saying that your total monthly expenses is RM300+? Is this figures only for food? is that inclusive bills?

Against you are assuming that everyone have 10 relatives that willing to borrow Rm10K and everyone are willing to wait for 10 years to repay the RM10K.

I didn't say is wrong to share I am saying the method is not practical.

I sincerely hope your statement is true because if one can spend rm300 on whatever I name it.

Against you are wrong, if you are not working in KV and how can your cost of living is equivalent to KV? And yet you can only spend rm300 per month inclusive of everything? I would said this sound like a fairy tale rather than a true story.

Since we are talking about extreme, it is only fair we see the other side of the scale. Following is NOT even talking about those billionaire type of expenses

Let’s break it down shall we ?
Monthly expenses include living in multiple countries during the month, so multiple houses, cars, everything...
Telco expense ~RM1k
Internet ~RM1.3k
Petrol ~RM5k
Water ~RM2k
Electricity ~RM10k
Food and stuff (home) ~RM8k
Dining out ~RM10k
Plane ticket ~RM60k
Houses maintenance ~RM20k
Cars maintenance ~RM15k
Healthcare insurance company pays
Personal and wife grooming ~RM15k
Shopping (wife’s, gadgets, electrical) depending on mood ~RM30k
Hobby (golf, flying, wine, audiophile, photography, sports equipments) RM30k
Ad-hoc (buy new car, holiday house, watches, antique) etc fluctuates
No loans, so don’t have installment to pay

Source : business and investment income.
Note : above numbers are from “my friend”

Ramjade say RM 300 with the above breakdown,
Prepaid RM30
Internet RM45
Petrol RM30 or less
Water RM10
Electric is free as I used less than RM20.
That leaves me RM185

The above also wrong calculation punya..... more than RM 300 already....hahahaah

Shows he might NOT know what is he talking about......

The electricity RM 20 no need kira?

Summore who will believe electricity RM 20 la....

Further RM 185 per month for food.... who will believe u ahh???

With these type of illogical expenses ....who would believe ?? talk cock la

Actually Rm20 electricity is possible. My neighbour back my hometown, a family of 3, they never paid any electricity (below a certain amount then no need pay) They never switch on fans or light at night. They all sleep on time like around 9pm. Use candle at night if they really wanna do something. BTW, Rm20 surely is no TV, No broadband running 24/7, No aircon. Only fans spinning during night, No water heater shower, no computer or laptop only use your phone.

Currently my house 1 apartment rent out to 2 students for whole unit. They only use rm35 per month. My apartment come with aircon and broadband, no TV only. Not sure how they use 1. LOL

I ride bike to work also RM30 petrol per month TS Say he drive car kekeke

I’m done discussing this with you. It’s either your travel distance is something unrealistic for KL people or your parents have been secretly pumping petrol for you. Period.

Wait...I ask my other UHNW friend for you....I travelled in his private jet to south africa to play golf....

Just about 10-15 pages back, I brought up the daddykasi issue for bro ramjade, who I doubted he can live in a modern society without bank loans....

Looks like my rich friend also got people doubted he can live their lives without bank loans. Conclusion : modern society must have bank loans !

ramjade is this called karma ? 

At fundsupermart threads years back, he took a bus to singapore just to get a cheaper bank account there for investment or something like that. So, he will use money when it's needed to. Also same reactions, people say why waste money take bus and time, go there to save the account fees but he feels worth it. He is pretty radical so just take his ideas as, he still lives, so it still works for him, so far.

But one can also argue that what he is doing right now is considered "living". I dont know of anyone getting rich form "saving money", its almost always better to earn more and invest wisely.

Majority of people who live well below their income is due to their income being relatively small. I think our bro RamJade ....could improve on his earning potential.

Its very very rare these days to see people who have 7~8 digit NW continuing to live like a pauper.

Why dont you show us where is your location and where do you work? Distance so we can know the distance you travel daily? By the way, since you want to be so frugal and some forummers have calculated the distance to work is about 6km then why bother to drive? why not take a bicycle?

by the way, can you advise where to get clothes for RM1? some more is real original.

RM1 clothing... 

Sharing my monthly expenses here, with logical support:

My background: Fresh grad working for a few months now.

- Car Loan RM610 per month (Currently repaying my new Myvi. Yes I know car is a bad debt, but I feel like this is a kind of reward for your hard work right? "Go to work to pay for your car", many would say. But to me, there's nothing wrong with that. I rather go to work and aim for my target than living a frugal live just to save up a few pennies)

- Parents RM500 month (Staying with parents, so I think quite standard. My parents sponsored my degree (scholarship diploma) so I don't need to pay PTPTN)

- Transport RM50 per month (Yes totally doable, but not with car of course *coughs Ramjade*. I'm riding bike and workplace is 25km to and fro. That's 500 km per month and bike RM5 u can go for 100 km. That's around RM25 month+RM25 petrol for my car's weekend drive). Many people would say that riding bike is dangerous in Klang Valley and I do agree with that. It's just that the pros far outweigh the cons, especially the traffic.

- Food RM400 per month (RM20 per day is actually very flexible if you spend wisely. I usually allocate 20% for breakfast, 40% for lunch and dinner each). Sometimes I made my own breakfast sandwich too, but of course I don't eat the same thing everyday, because I have a LIFE)

- Phone bill RM30 UMobile (Best bang for buck actually, that I agree with bro Ramjade. However as cheap as it is, my office has no coverage and probably will be upgrading to a more expensive telco soon)

- Miscellanous RM200 (I consider myself a frugal person, i.e will think twice before buying an item but at the same time I know when to buy the right thing, so RM50 per month is more than enough) Items like skincare, entertainment, electronics, books etc)

And lastly investment,

- Investment RM500 (Currently with FSM, put in RM500 into my account once I get my paycheck. I strongly believe in the phrase "pay yourself first". Constantly looking for new opportunities to venture into so the rest of the money will go into my piggy bank to collect more bullets.

Total is about 2k.

Can i assume inflation rate averagely for our country is 3%?

IF today annual expenses is RM60,000 p.a. (RM5,000/mth),
and, the inflation rate is 3% p.a., assuming everything is constant,
no change on inflation, no change on life style, no any change.

After 36 years due to just 3% annual inflation, annual expenses would be at RM144,914 (RM12,076/mth).
RM50,000 x (1+0.03) ^36 = RM144,914

How am I going to sustain my life when i'm old and no longer able to work to generate income ?!

so can you advise him how much he should save up to invest?

30% of what? 50% of what? Your answer as usual is vague

if a person like you earn RM4K, 30% of it is RM1.2k, 50% if RM2K so you 1 month also can save up already so what are you going to do with that?

1) Investing in what? what price are you referring to?
2) deploy into what?
3) Amanah Saham 2018 dividend is 6.25% so let said you save RM2k a month for 12 months and 6.25% is Rm24K x 6.25% = RM25,500 so how long he required to save?

thanks tippman & Ramjade for inter-discuss to crystallize the ideas.

I'm starting on 3) and will continue until I shortlist and share portion of monthly into 1) as well, then until 2) happens will withdraw partial of 3) vest into 2).

So now, try EARN + SAVE like crazy.
Need to shortlist some for 1) and 2) to start and monitor, any suggestion?

Interesting on the Ramjade current portfolio and those under surveillance which return expected to be higher than 6% avg, as you mentioned 3) was "Used to do that".

1. I wish to know what he work as.
2. nature of work. you can see him so free roam here. and bear that in mind research about market finance etc etc took long time.
3. what type of utilities he is on.
4. real no dadykasi or got as start up.
5. working sectors.
6. got any live commitment or not.
7. he really no planning of marriage. or otherwise.
8. his look. I honestly can get decent branded shirt at 70 for 4 during sales in malls like sunway etc etc. well, dress to impress right. but he's right about Starbucks.i drink at those apek kopotiam. however I have many other thing for like on his spending too.

I will help to answer. He is working as a houseman (intern doctors) in government hospital now earning slightly lesser than RM4000 under contract.

Actually that explains how he live that frugality, because he had much less time to spare on other thing.
ie. relationship, shopping, living etc

But anyhow, that is both good and bad quality of his.