nothing is certain.... anyone who tells you otherwise most probably is either not experienced enough or have an agenda.

that's why people say it is good to diversify....

I bought ILP like 15 years ago and been obediently paying my monthly premium since then.... now it has equity funds worth of like 30K rm.... not great, but not bad.

that is because you need to pay on the next statement. if you already have cash on hand and no intention to lock it in FD, you could easily offset the amount

most importantly, know your game and the rules well

i am not good in trading, therefore i do not trade. if i am good at accumulating, then i will do it well

imo, DIY is better but you better pick good blue chip stocks

ILP - agent takes 150% of your annual premium as service fee. i neither disagree or agree, but to have someone service you is much better. unless your other half have knowledge and financial literacy. it is better to pay to someone you know to serve your family in difficult times

This post has been edited by square2: Dec 30 2022, 01:35 PM

as long as the funds are good enough to sustain the premium it is good enough for me. ILP is not for profit.

I dont operate on instant cash availablity. Maybe, maybe not. But if you got heart attack and need urgent op, I am unlikely to come out with instant RM30-40k cash one shot.

RM40k a month lifestyle...
Struggling wage earners will pengsan see how you splurge there


Bro first time i hear take credit card money (not 0% BT) and car loan money put in FD can make money
Are you sure about that?
You better go check properly ada untung kah like that..

Too bad still got people unaware of this.

We are talking abt stand alone medical insurance vs ILP right? Not insurance vs non insurance. The stand alone medical card will still pay for your surgery.

Yes. I thought we are talking about cash Vs medical insurance. Yes standalone medical insurance will pay for the surgery.

This post has been edited by Ramjade: Dec 30 2022, 02:33 PM

yes. can earn. i tried it few times already. for lump sum calculation, just use flat rate. why? because cash already on hand.

the ultimate motive is not to earn the 1% difference. that 1% is only side income from me

i suggest using a excel/interest rate calculator to compare. clear cut answer

addon: i use my monthly salary to service the CC loan and housing. therefore, EIR does not applies to me. for living expenses, i usually allocate a certain budget for the year from stock dividend received previous year.

This post has been edited by square2: Dec 30 2022, 03:08 PM

Yes you are stil covered. Basically, for stand alone, you take the money you saved from the extra ILP premium and invest DIY into your dividend growth stocks or S&P500 or whatever. DCA over 30 years and more. The investments will then be used to set off the higher premiums of the stand alone in your advanced years.

It is never hard to spend money. Indulging finer things in life is not cheap

Not to mention some standalone card does not have guaranteed renewal.

.

This post has been edited by gashout: Dec 30 2022, 04:35 PM

me and many have calculated, cannot make untung
always rugi

cant beat the bank.
you want to beat them use 0% Balance Transfer.

wah if married with kids and all going on that kind of lifestyle
how much saving would you need man..

The problem is all of us assume we will live until 70 years. Even if we do, we assume we will be healthy when we FIRE. Personally I have decided to FIRE and live frugally. As long as my principle is not touched, I rather have time than work another few years.

This post has been edited by Sihambodoh: Dec 30 2022, 09:07 PM

assets, net worth not only saving.

This post has been edited by icemanfx: Dec 30 2022, 09:16 PM

alamak you know what i mean la......if got RM50 million takkan in savings right?

I don't know what's real fire or fake fire.

If it's a long way to reach fire then it's not fire anymore. It's called retirement.

Fire is meant to retire early, there's a price to pay for that

The above lifestyle, not everyone wants. Like me, very simple only. 5k/month enough as I'm spending like 2k/mth. Whatever can save up then take it as a free trip.

How to invest your wealth in an unpredictable 2023

https://www.thepeakmagazine.com.sg/intervie...edictable-2023/

Agreed. I can survive on RM2k alone. But not sure who's the inflation down the road going to be or how is my future wife going to be.

If you work until old that's retirement. FIRE means retire early and when you are quite healthy Vs at old age not much energy left.

Once u have kids, it tend to mess up your FIRE plans.