Thank you for the rational analysis - made a lot of sense. I’ve amended the earlier reply accordingly. I suppose those who will doubt, be envious and feel jealous will continue to do so, regardless of any attempt to placate them.

[quote=hksgmy,Jun 14 2020, 11:01 AM]

Aiyoh! Good morning Doc?

Why wate time with aspiring MY millionaires?

The showoff thread members already ack you as Chairman already. Not enuf meh?

Come over Clarke Quay lim kopi see lah. I'm pondering whether to transfer $20K to top up KWSP self contribution.

This post has been edited by Unkerpanjang: Jun 14 2020, 11:12 AM

Nice to see you here too! Maybe these people have never seen an IRAS NOA before - it’s tamper proof, at least to amateurs like me, as it’s an IRAS password secured PDF document. I know because I tried to delete my name and IC before posting it here, and I failed. But, like some one else said, the doubting thomases will go on to say that the form is my father’s returns.

Enjoy your Clarke Quay day - please wear a mask and avoid the Angmos who won’t be using one! Stay safe!

Edited to add: something wrong with the quote replies?

This post has been edited by hksgmy: Jun 14 2020, 11:16 AM

Privately, I know you just using your wife's Iras.... 😜

Bluddy hell, you know I TOO LAN ang mohs....u have to remind me!!!! I go spill coffee onto one now. Logging off.

LOL. enjoy your weekend, my friend! Go get some!

No need to prove anything, bro,...

Nooooh haha the photo is gone

Yeah, some formers pointed out it was pointless. Haters gonna hate no matter what I try to do to appease them.

Thanks mate. I like it when discussions can be civilised and when those same discussions can start off on the basis of mutual respect and a degree of trust, as opposed to the usual cynicism and suspicion.

Have a good weekend!

Sad, I feel motivated hope that I will be a portion of what you have

That’s my point too - I am inspired, not discouraged, by the efforts and successes of others. When I was a junior doctor, I’d look up to my seniors and say “that’s where I want to be in x number of years - because they’ve laid down an achievement marker that I can aspire to emulate. It’s a personal challenge to achieve greater heights.

Life is way too short to be upset about the success and achievement of others - instead, I find it more rewarding mentally and financially, to work towards emulating that success: if they can do it, what’s stopping me from trying?

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

This post has been edited by MUM: Jun 14 2020, 03:27 PM

Also implying 96% of k/tards opinion is either syok sendiri or unrealistic.

This post has been edited by icemanfx: Jun 14 2020, 03:42 PM

could that be a reason that LYN forums is popular?

The tax is progresive, so thou tax backet is higher, the net amount is also more.
Just higher percentage taxed per dollar when you reach higher ups/

yes,...but i think there is a max %.....
most would not mind paying higher if they can earn that much.
only some would "try" to avoid....even celebrities also for ex.

To be fair, I would dare to wager that most of us here started off as part of that 96.3% (if I have to be pedantic about the figure) - barring those who were born with a silver spoon and suckled that instead of a cheap silicon pacifier - and we worked our way up and out of that 96.3%.

My point was that, while being in the masses, I looked up to that 3.7% and aspired to get to where they were, instead of being envious or negative about them. I didn’t feel it necessary to denigrate their achievements or question their successes in a pathetic attempt to make myself feel better.

Unfortunately, much of what I see here is reminiscent of the tall poppy syndrome (or, in forum vernacular, “butthurt” comments).

Rarely do I find a conversation as mature and devoid of acerbity or cynicism as that which is happening now with you and icemanfx. It’s refreshing and candidly enjoyable!

The only logical conclusion is naturally because I’m in a conversation with equals (be it financially, philosophically or intellectually) and there’s absolutely nothing that needs to be proven.

Spot on. I always have this saying “render unto Caesar that which is Caesar’s” - it helps me sleep well at night AND also allows for the hassle-free purchases of big ticket items and investment instruments. All I usually need is to show them my tax returns for the past couple of years and that’s it, no questions asked, account approved and ready to go.

Had this very strong urge to buy a new car during this tax exempt holiday 😅

But everytime i try to make any hasty financial decisions, i always came to this thread and reread all the postings. Ended up, “ok. FI beats having a brand new ride”

So big thanks to those who already made it and willing to share their journey. 👍🏻👍🏻

We are here to encourage each other to stay true to our collective, common goal.