give me i show u how
2 mil more than enough to retire
2 mil more than enough to retire
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Jun 17 2021, 12:22 AM
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Junior Member
229 posts Joined: Aug 2010 From: Cockpit |
give me i show u how
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Jun 17 2021, 06:10 AM
Show posts by this member only | IPv6 | Post
#242
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Junior Member
511 posts Joined: Jul 2017 |
QUOTE(greyPJ @ Jun 16 2021, 10:23 PM) wah very generous hor Aussie. Wah - your memory still so good ar? i miss asian tea house rendang, that time 3 dishes and rice so little, i could eat 2 plates. Asian tea house closed about 20 years ago but the boss made so much money that she could afford to buy a few houses in the surrounding areas. I don't know if you remember her daughter who sometimes manage the till - she was always sulking at customers but i must admit their food is pretty good. Imagine how much tax the boss avoided paying in the 80s since their business is cash only. Everyone in the Eastern suburbs remember Asian Tea House as they were probably the first few Malaysian restaurants to open there. As it was very close to UNSW, most Malaysian students who studied at UNSW would have remembered it. From memory, the lady boss name is Slyvia and she was from Seremban. Slyvia would probably be in her 70s now. There are quite a lot of Malaysians living in the Eastern suburbs |
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Jun 17 2021, 06:17 AM
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Junior Member
224 posts Joined: Feb 2019 From: Cherasboy |
yeah but can you get Rm2 mil?
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Jun 17 2021, 06:30 AM
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Newbie
3 posts Joined: Jun 2015 |
2 millions in US dollars ok but not 2 millions in ringgit lol.
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Jun 17 2021, 04:40 PM
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Junior Member
88 posts Joined: Sep 2013 |
deleted
This post has been edited by eddyooi: Jun 17 2021, 04:43 PM |
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Jun 17 2021, 04:43 PM
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Junior Member
88 posts Joined: Sep 2013 |
those with 4 m will have a helli good life .... but its so hard to achieve 4mil for nomal people like us
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Jun 17 2021, 04:43 PM
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Junior Member
88 posts Joined: Sep 2013 |
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Jun 17 2021, 05:12 PM
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Junior Member
74 posts Joined: Dec 2020 |
loan everything settle and yearly travel will be enough
at what age plan to retire? |
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Jun 17 2021, 10:41 PM
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Junior Member
224 posts Joined: Feb 2019 From: Cherasboy |
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Jun 17 2021, 10:48 PM
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Junior Member
52 posts Joined: Aug 2020 |
2 million saving is doable.
working lives: 25 years till 60 years old= 35 years= 420 months 2 million / 420 months= 4.7 k per month saving. for ktards this saving is doable as monthly earning is 20k/month. |
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Jun 19 2021, 08:33 PM
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Senior Member
3,152 posts Joined: Jan 2003 |
QUOTE(Garysydney @ Jun 17 2021, 06:10 AM) Wah - your memory still so good ar? wah you really an old timer, hahaha.Asian tea house closed about 20 years ago but the boss made so much money that she could afford to buy a few houses in the surrounding areas. I don't know if you remember her daughter who sometimes manage the till - she was always sulking at customers but i must admit their food is pretty good. Imagine how much tax the boss avoided paying in the 80s since their business is cash only. Everyone in the Eastern suburbs remember Asian Tea House as they were probably the first few Malaysian restaurants to open there. As it was very close to UNSW, most Malaysian students who studied at UNSW would have remembered it. From memory, the lady boss name is Slyvia and she was from Seremban. Slyvia would probably be in her 70s now. There are quite a lot of Malaysians living in the Eastern suburbs there was one restaurant called The Eating House at Belmore Rd, the boss called Colin not sure if you know him. i worked there for several months during holiday. when you back to Malaysia and happen to be in penang, let me know i belanja you eat yummy hokkien mee and ckt. |
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Jun 19 2021, 09:42 PM
Show posts by this member only | IPv6 | Post
#252
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Junior Member
511 posts Joined: Jul 2017 |
QUOTE(greyPJ @ Jun 19 2021, 08:33 PM) wah you really an old timer, hahaha. What a small world!!there was one restaurant called The Eating House at Belmore Rd, the boss called Colin not sure if you know him. i worked there for several months during holiday. when you back to Malaysia and happen to be in penang, let me know i belanja you eat yummy hokkien mee and ckt. Yes - i know Colin. Colin is still in Sydney but i don't think he is doing well (he would be in his 70s now). There were three partners who started Eating House - i think they were all taxi drivers before they became partners in the shop. I used to go to Eating House a lot as i lived in Randwick. The partnership split a few years later and Colin opened another eatery in Avoca Street (cannot remember the name) - it is opposite an Indonesian restaurant called Bali Restaurant. One of the other partners (Henry) opened up Sing Ma in Kingsford and it was doing very well until about two years ago. Henry is from Batu Pahat but he got involved in some illegal business employing Malaysians and promising them PRs. I think he charged them a big sum of money for sponsoring them as Aust PRs and he was busted and i think he got a criminal record. He is now back in Batu Pahat now and cannot get back to Sydney because Aust Immigration will not renew his PR due to the criminal record. Do you remember Henry? |
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Jun 20 2021, 10:43 PM
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Senior Member
3,152 posts Joined: Jan 2003 |
QUOTE(Garysydney @ Jun 19 2021, 09:42 PM) What a small world!! no i dont know henry, i only know the chef gilbert, also from johor.Yes - i know Colin. Colin is still in Sydney but i don't think he is doing well (he would be in his 70s now). There were three partners who started Eating House - i think they were all taxi drivers before they became partners in the shop. I used to go to Eating House a lot as i lived in Randwick. The partnership split a few years later and Colin opened another eatery in Avoca Street (cannot remember the name) - it is opposite an Indonesian restaurant called Bali Restaurant. One of the other partners (Henry) opened up Sing Ma in Kingsford and it was doing very well until about two years ago. Henry is from Batu Pahat but he got involved in some illegal business employing Malaysians and promising them PRs. I think he charged them a big sum of money for sponsoring them as Aust PRs and he was busted and i think he got a criminal record. He is now back in Batu Pahat now and cannot get back to Sydney because Aust Immigration will not renew his PR due to the criminal record. Do you remember Henry? if you frequent Eating House alot then we must have met before, lol. you still remember their famous combination kuey teow? oh man what a memory. |
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Jun 20 2021, 11:01 PM
Show posts by this member only | IPv6 | Post
#254
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VIP
23,414 posts Joined: Jan 2003 From: Taipei |
QUOTE(eddyooi @ Jun 14 2021, 03:49 PM) 1 mil leave in epf or any generating interest https://www.dosm.gov.my/cpi_calc/index.phpcalculation: 1 mil = 5%@ rm50k per year rm4k per month passive .... this money can leave it to compound interest (A) 1 mil to spend ... assumption no interest (B) i million bahagi 12 months bahagi 20 years = rm4166 per month so easy to retire with such amount emergency can use the funds from[B] A[/B] to tambah. Go count yourself |
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Jun 21 2021, 12:47 AM
Show posts by this member only | IPv6 | Post
#255
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Junior Member
511 posts Joined: Jul 2017 |
QUOTE(greyPJ @ Jun 20 2021, 10:43 PM) no i dont know henry, i only know the chef gilbert, also from johor. I used to go Eating House a lot as i was working in UNSW initially. I think Eating House opened some time in 1984 (??) and was there for a few years.if you frequent Eating House alot then we must have met before, lol. you still remember their famous combination kuey teow? oh man what a memory. If you go there now, Eating House is where KFC is now. From memory, Gilbert is also from Batu Pahat. As i have been living in Sydney since 1981, i know a lot of Malaysians in the Eastern suburbs. A lot of my Malaysian friends there are already in their 70s now and we have known each other since the 80s/90s. If you had worked at Eating House back in the 80s, you would probably be in your mid to late 50s now This post has been edited by Garysydney: Jun 21 2021, 12:48 AM |
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Jun 21 2021, 08:41 PM
Show posts by this member only | IPv6 | Post
#256
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All Stars
20,796 posts Joined: Jul 2012 |
Those have > rm2m is fewer than most expected. |
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Jun 21 2021, 08:51 PM
Show posts by this member only | IPv6 | Post
#257
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Senior Member
2,133 posts Joined: Nov 2007 |
QUOTE(icemanfx @ Jun 21 2021, 08:41 PM) These are active contributor, if you stop working it will no longer be part of active contributor. Other than that after 55 you can take all the amount from epf even if you still continue to work which will go into akaun emas. |
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Jun 22 2021, 01:04 PM
Show posts by this member only | IPv6 | Post
#258
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Junior Member
88 posts Joined: Sep 2013 |
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Sep 18 2022, 11:48 AM
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Newbie
2 posts Joined: Sep 2018 |
Asking for a friend, he he..
He wants to quit job at 50. He depends on EPF dividend as passive income as, accordingly, he can withdraw amount above 1m. Roughly around 6k/month. Can survive kwar (no mortgage or car loans, have medical card for hospitalisation). I told him if this works, he would’ve heard many people retiring this way. But we don’t hear this as a common practice. Any thoughts sifu? This post has been edited by JusticeLeagueMY: Sep 18 2022, 11:56 AM |
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Sep 18 2022, 11:55 AM
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Senior Member
1,011 posts Joined: Nov 2006 |
QUOTE(JusticeLeagueMY @ Sep 18 2022, 11:48 AM) Asking for a friend, he he.. from what I read online, relying solely on EPF isn't enough and risky even.He wants to quit job at 50. He depends on EPF dividend as passive income as, accordingly, he can withdraw amount above 1m. Roughly around 6k/month. Can survive kwar. I told him if this works, he would’ve heard many people retiring this way. But we don’t hear this as a common practice. Any thoughts sifu? you already can see the decline of ringgit against the dollar and the relentless global price inflation. so diversify your income stream, in many forms of assets and currencies. ok maybe hitting RM10m today seems daunting, try 5m with some part time work. This post has been edited by WooTz: Sep 18 2022, 11:55 AM |
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