I will make a gross assumption here....
this 80/20 rules will has great variance in the income grade.
those in the 3 digit income upon graduation
those in the 4 digit income upon graduation
those in the 5 digit income upon graduation
those that are not graduated
those that has great and financially sound parents,
those that are not so educated, experienced, exposed,
etc, etc...

my assumption, is also,,,,for those with 5 digit income, .....the chance of making a 1 million networth after a few years of working will definitedly be a lot higher than those at lower grade.

thus, we are all different and hopefully these posts, will just be a morning easy reads and be forgotten later in the day. For those shared posts, may not will fit with our current situation, our philosophy, our risk appetite, financial mishaps learnt, etc, etc and it will just be a good read to me....and definitely this is not a place for me to follow these posts as a guide/reference/point to start the FI/RE journey or what ever they are called.

Thus, not need to be envy, jealous, trying to emulate, etc, etc.....for one man's meat, maybe another man's poison.

a friend of mine shared this in my whatsapp this morning....

"We sacrifice our time on relationship/health to make wealth, then we scarifice our wealth to get back our families/friends/health".

thus no need to fights in support or oppose to these posts......we are all different in many ways......  

Don't use invoicing software? You're referring to softwares like Autocount, MYOB, Peachtree or cloud ones like Financio, Biztory & QuickBooks? Then each & every sale will have an physical invoice generated? Only half of my sales have invoices i.e. sale to other businesses (B2B). While my B2C sales don't have any physical invoices. So ideally even my B2C should have an invoice too for my own recording & filing?

Yes I am facing a huge problem tracking my cost, especially to determine my COGS. My COGS fluctuates so regularly to the point that in my inventory, even for the same identical product, they has different COGS because they're bought at different periods. Is there any method to solve this challenge with MS Excel? Barcoding may solve this issue because each item details can be captured & tracked. But woah, the software alone will cost several thousand, the printer will cost several hundred & the stickers will cost few hundreds too. Then not to mention the labor cost to stick the barcode on all the products during inbound phase 

Mid 40s couple, both still salaried corporate slaves.

Investment breakdown:

50% EPF
20% Property Investment (exclude home)
20% Securities (Funds, Stocks, ETF, Bonds)
10% Deposits (USD n MYR)

Approximate.. Round up and down.

Still have debts (mortgage) but less than 10%.

Plan is to retire in next 10 years (mid 50s), but wife maybe earlier. By that time I guess that will be considered RE..😆

Up to my target retirement there should be at least 1 big recession. There will also be 2 Malaysian general elections during that period. These are period of opportunities and risks in terms of retirement planning