Contrary to popular believe, driving slowly doesnt save fuel. Every car there is a sweet spot for the best fuel efficiency, and 40kmh is almost never it.

Edit : And if he has to go to such lengths to save a few dollars of petrol, go buy a kancil or use a bike.

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”

he is using a kancil. however, to help you understand him a bit more, 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.

Just sharing. Currently loaded with all the housing loan and breathless! Hope my 1st house can sell out ASAP.

House 1 = 2.4k
House 2 = 2.9k
House 1 maintenance = 250
Utilities = 120
Insurance = 250 (personal) + 200 (Child) + 200 (House MLTA insurance) + 100 (parent)
Childcare = 900
For parent = 500
Transportation fare = 500
Monthly groceries = 150
Food & Beverage (spend on weekend only, weekday covered by parent homecook) =  250
Hotlink prepaid = 35

Total = around 8.5k (FIXED)

Currently no saving, only got a fixed deposit in my bank that annually can give me extra 4k. Other expenses will shared by my wife, like baby formula milk, dryper, car petrol, so not listed in to my expenses.

Yeah, I came across a few of his post, he is almost at the same standard as that Nachiino Etamay guy, almost at ridiculously unbelievable levels.

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.

Just sharing. Currently loaded with all the housing loan and breathless! Hope my 1st house can sell out ASAP.

House 1 = 2.4k
House 2 = 2.9k
House 1 maintenance = 250
Utilities = 120
Insurance = 250 (personal) + 200 (Child) + 200 (House MLTA insurance) + 100 (parent)
Childcare = 900
For parent = 500
Transportation fare = 500
Monthly groceries = 150
Food & Beverage (spend on weekend only, weekday covered by parent homecook) =  250
Hotlink prepaid = 35

Total = around 8.5k (FIXED)

Currently no saving, only got a fixed deposit in my bank that annually can give me extra 4k. Other expenses will shared by my wife, like baby formula milk, dryper, car petrol, so not listed in to my expenses.

Why don’t you tell us how far is your workplace and how you arrive to this figure. This would clear things up

Why me?

To me,  life is about TIME, MONEY, SOUL.

i dont have a car because car is a waste of time. a waste of money, and a waste of soul.

on a bus, i still can study japanese, read manga, hence 1 hour on a bus, i can still have 1 hour of life

20 minutes on a car = 20 minutes complaint about jam = 20 minutes life lost and soul lost cuz now ur more stressful.

20 minutes of bicycle is even better = 20 minutes cut from gym time = 0 minutes life lost.

for everything: calculate X minutes life lost, MYR cost, and soul cost.

life lost = time lost not doing anything that either makes money OR something you enjoy OR something with a long term goal (ie:gym, exercise, self improvement)

money lost = Ringgit cost of something

soul lost = extra stress for doing something you dont like.

The topic reads "What's your monthly expenses" ..... you got anything to contribute?

if not, shut up and let others do.....keep your childish opinion to yourself.....

So far you have not contributed anything fruitful at all to this topic while others have....

kinda risky when u said no saving....
anything happen on your job or your wife...
gg

its all good until I read the last line "No loans"...

Er... personally I dont know a millionaire (and above) that doesnt have a few outstanding loans. Using cash for everything is not making the best use of you money. So for those who have 7 digit and above networth and claim to be debt free, I always take it with a bucket full of salt.

I believe "his friend" at least close to 8 figures NW or above.

Btw, we had accept the "personal finance" is vary among ppl. there are exist 7 figures folks dont have any outstanding debt. it just a matter of preference and no right or wrong. Some of them are very good in boosting their earning, some may super frugal in spending, and other excel in investment.

To me, we had to agree to disagree as everyone have different context, personal strenght and past experience which form their unique way / view on "personal finance";

It just wasting time & effort to force own beliefs onto others; similiar to you can't help someone who doesn't want to be helped.

I believe "his friend" at least close to 8 figures NW or above.

Btw, we had accept the "personal finance" is vary among ppl. there are exist 7 figures folks dont have any outstanding debt. it just a matter of preference and no right or wrong. Some of them are very good in boosting their earning, some may super frugal in spending, and other excel in investment.

To me, we had to agree to disagree as everyone have different context, personal strenght and past experience which form their unique way / view on "personal finance";

It just wasting time & effort to force own beliefs onto others; similiar to you can't help someone who doesn't want to be helped.

Bro, what kind of insurance is this? Medical is fine. But buying life insurance for children is not recommended.

kinda risky when u said no saving....
anything happen on your job or your wife...
gg

250 is my personal medical with investment link, 200 is my child medical insurance, all separate policy, different company. Just unfortunately, due to tight budget, my wife insurance have to pay by herself, around 300.
Yea, only hit the NO SAVING period this month due to my second home start paying installment. Have been saving for my entire life (32yo now), now got around 200K sitting in FD just in case anything happen, then have to use the fund. If nothing goes wrong, still get use the 200k FD generate Rm4k++ at year end for vacation.

As for now, just pray my apartment got interest buyer lo, or someone want to rent it.

200k FD only 4k interest a year?

Minimum should be netting 8k bro... FD rates are easily 4%+ for upto 12 month term

Come on guys, it really depends on your financial goal lah.

Some people accumulate wealth so that they get to live like millionaires, living in huge houses, drive expensive cars, eat at expensive restaurants.

Some other people accumulate wealth just to achieve financial independence: not having to work to live. So they accumulate wealth up to a point, stop working, and continue living the same lifestyle until the end. This can be achieved without relying on debt. In case you're not familiar with this approach, I suggest reading blog posts by a guy famous for it, Mr. Money Mustache.

There's nothing wrong with both approach. To each his own.

You accumulate wealth to a point where you can comfortably let yoru money work for you (i.e. investment to grow your wealth). Thats the way to achieve financial independence. How keeping under the pillow and drawing it down perpetually...