Ah, erm, ok. Too sophisticated for me. Good luck to him and his followers though - fortune favors the brave.

Less than 1% of M’sians in US$1m wealth bracket (0.2% of adults M'sians)
https://themalaysianreserve.com/2019/10/22/...wealth-bracket/
and yet he is paying about 63% of that amount to Income tax for income 2019 year....(an earlier glimpse of the image posted)

just try not to calculate that portion in % terms would make one not so envious or feel bad about that high of a bench mark to hit

just aim for being apart of the 3.7% of M'sians
as 3.7% was placed in the US$100,000 to US$1 million wealth band

Others may have a different viewpoint - I know a lot of gurus and experts here will say that the power of leverage should have been employed, and our money should have been made to work harder for us to generate higher returns, rather than to be used to pay off any loans. And I believe that is also a valid argument.

I agree with you if you already have high assets and a high income no reason to take any debt.  If you don't have anything sometimes you might have to take
some risk and debt especially if you want to open a business.

i would absolutely not go into debt to open a business..

Maybe once your business is more established, and you need to expand, sure.. take a loan.

But to open up a business & take on debt is extremely risky, especially when you are not guaranteed to make profits or even survive past the 2nd year of business.

Debt should only be used on almost risk free investments, like property (in good locations and you've done your research). Infact, I can't think of any other type of investments where you should go into debt..

Thank you for your advise. By looking the house loan, for example interest of 3.5% VS investment return lets say 4-5% pa, may I know is it good to have early loan settlement or use the extra cash in the investment?

Same. Plus, whatever say 100k value is today, it’s ‘value’ is much less 30 years later. So I delay paying off debt/loan as much as I can as long as the above principle remains true.

I’m all about growing $$$ rather than paying loan/debt.

I have this mindset that loans taken, an paid longer term will be more beneficial. Cause the value if money in the future is lower. And if inflation picks up, thou the dollar amount seams a lot. Value might be the same.

Do you have a hobby? You'll need one to make sure you're suitably occupied upon retirement!

Drive bro, I want open roads.