Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

> 2 mil more than enough to retire

views
     
KineticKill
post Jun 14 2021, 04:10 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(kelvinfixx @ Jun 14 2021, 08:59 AM)
The problem is how to get 2 million, 1 million in EPF is very very hard to achieve.
*
Not really.

My current salary income alone, minus other incomes would net me ~2.2 mil by the time I’m 60 at interest rate of 5%, assuming my salary is stagnant at the current level.

The thing is, my salary is not stagnant.

2 mil is doable.
KineticKill
post Jun 14 2021, 04:15 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(eddyooi @ Jun 14 2021, 09:11 AM)
u must be earning rm15k/m now rite?
*
Few k’s lower than that for salary
KineticKill
post Jun 14 2021, 04:17 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(James1983 @ Jun 14 2021, 09:12 AM)
What if… ringgit devalues significantly in the next ten years?

e.g. Turkish lira went from
1 USD = 1.18 lira in 2008 to
1 USD = 8.30 lira in 2020
In a span of less than 12 years

Your RM2 million asset in asb or epf also GG
*
What if…tomorrow never comes?
KineticKill
post Jun 14 2021, 04:17 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(9m2w @ Jun 14 2021, 09:16 AM)
How much in dividend after your draw a salary from your company  tongue.gif
*
Salary is not from company.

Dividend on the other hand 🤫
KineticKill
post Jun 14 2021, 04:22 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(eddyooi @ Jun 14 2021, 09:18 AM)
dont worry

should reach it with annual salary increment... once above 15k, easy to hit 1 mil in epf already
*
As of now 1 mil is within sight already. I’m still in my thirties, still got time.

What’s important is we have enough and being grateful.
KineticKill
post Jun 14 2021, 05:50 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(arsenwagon @ Jun 14 2021, 10:10 AM)
u pharmacist or loktor ?

how to earn so much like jew
*
Pharmacist.

Set up specialised pharmaceutical companies: R&D, wholesale, import/export. Salaried income can do research and teaching.
KineticKill
post Jun 14 2021, 05:51 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(eddyooi @ Jun 14 2021, 10:13 AM)
dr only specilist can make it

pharmacist? salary high meh? just pack ubat at hospital
*
Not wrong, if you just pack ubat at hospital. Pharmacists can do a lot more yo.
KineticKill
post Jun 14 2021, 06:00 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(Drian @ Jun 14 2021, 10:56 AM)
1 cataract eye surgery 20k .... your half year income gone
Air cond breakdonwn need to change - 1 month income gone
roof leaking need to fix - half month income gone.
Apartment maintainence fee:- 1 year rm3000, 1 month income gone.

Car breakdown - half month income gone.

What I realise is all these  don't consider one off big expenses that will happen year after year.
*
3k monthly is rookie number yo. You gotta pump up that number.
KineticKill
post Jun 14 2021, 07:21 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(cringe @ Jun 14 2021, 11:28 AM)
Since you are working as Pharmacist, open own pharmacy shop is can get good profit compared to working as salaried people?
*
Pharmacy shop is just like any other businesses, got untung got rugi. Until dispensing separation is achieved, that level of specialisation will not be there, just playing with margin. Good businesspeople with decent luck would excel here.

Salaried pharmacist on the other hand, is quite stable income. Now that there’s no longer guaranteed permanent job with the govt, job market is flooded with unemployed/almost unemployed pharmacists. Specialisation would be the only way up.
KineticKill
post Jun 14 2021, 07:24 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(arsenwagon @ Jun 14 2021, 11:34 AM)
Marehsia do r&d ok meh
We got high tech neighbour and cheaper ones too...

Anyway great that u found niche.community retail pharmacist open shop cannot reach /k standard ah.
*
Thing about R&D is, it’s quite a big field. A big, almost uninhabited field. The problem is that funding is hard to come by and they’re fickle. Just need to know which niche is good and can net you money from public and private interests.

Retail pharmacy is a lot of headache to me. Later berak keras also want to blame DAP.
KineticKill
post Jun 14 2021, 07:25 PM

New Member
*
Newbie
30 posts

Joined: Dec 2015


QUOTE(focusrite @ Jun 14 2021, 11:42 AM)
You are not the norm though

Most Malaysians can't even write in English like you
*
That’s true. But I prefer this to be a norm.

Malaysians need to be moving upward. Specialise. Create jobs. But…not easy money not Malaysian mah.

 

Change to:
| Lo-Fi Version
0.0207sec    0.32    7 queries    GZIP Disabled
Time is now: 25th September 2021 - 12:15 PM