haha...comparing? that's the thing of the past for me already....come to realized...compare no end one...after compare one..then got another to compare... so happy i've come to realized that and no point comparing...

I don't have anak yet la. Tengah cari GF. My issue is the girl I am seeing kind of well to do and she quite frugal. But I need to tell her upfront I am not rich.

good for you
comparing with others is natural human instinct
unavoidable
only thing is some never grow out of it
buying expensive things that he/she doesnt actually need.

If one asks, "I have the money, shall I buy?"
my answer is most likely you dont need it, dont buy



Good luck to you. Rich girl or poor girl doesnt matter,
most importantly is the attitude and trust on husband

i know of a poor wife not trusting her husband in many aspects when the husband did nothing wrong at all,
just sheer paranoia
the way she behaves was like inciting the kids to go dig as much money as possible from dad to buy the most expensive items .....

going to ruin the kids future that way.She herself has no savings at all, spend off whatever
given, just because husband doesnt want her know how much he has... she behaves that way!

Like i mentioned that i am frugal but not to the extent that i have not enjoyed the fruits yet. i have been enjoying along the way. And found that there is still excess while i am already 60.
Spending 400k on a car will dent like 6% of my cash standing.
However, i have never spent 400k at a go before. i am not sure whether my mental capacity allows me to do so!
And i so not really care whether i drive a 400k car or wear a 100k watch.

The most enjoyable things i enjoy most is to be among my family and friends. Therefore i spend most of money on them. It's not too expensive most times.
i also spend on helping some of their children through higher learning amongst others.
So is you ask me maybe i will spend the 400k on helping them like so.

BUT i love travelling! Especially to meet up with family and friends in far away lands.

Spending 400k at a go is really a mental thing.
But if i do spend this on a car, i will get one in Australia where i do not have to pay exorbitant taxes on cars!

Love to get a hybrid camper van in Oz/NZ n travel around the country.

That's a thought!
One of my mates has already bought one. In Oz.
Maybe i will do that. Go around Oz in a camper. Wonder what my wife will say about that?

just chipping in my 2 cents...as I have similar thoughts as you before...

I have trouble explaining to my children that having both the parents taking afternoon nap with them every day is a luxury.

Hey guys has anyone here consulted financial planners for advice on your financial situation?

I’m referring to those independent ones without vested interests and whose compensation is fixed, not those linked to banks and funds etc. These are people with CFP or CFA

Would appreciate your opinions and experience if anyone here has tried their services.

Only if your net worth is very big. Or else don't think it's worth it.

What is the minimum that is worth it?

millions in asset yes. so each year return can make you 6 digit kind

if you only have 6 digit, forget about it.

money is not everything

thats why people only use money to measure how well they are

friendship
family
social support
health
ability to sleep
joy

all these is PRICELESS

Most rich people i know are very lonely, they worked super hard and now worried who are going to scam them. look at HK feng shui master, end up people fighting for his wealth.

so have good friends around you, they are your real forte, and in turn, share with them a tiny part of your wealth. for doing good will get more goods.

Don't know. I am not tycoon or hnwi or uhnwi so it is of no concern to me.

Can try CF lieu and lots of independent financial planner. Just Google. They are usually attach to firms. This kind of stuff better get sg version as they can offer better advise Vs Malaysia advisor.

This post has been edited by Ramjade: Jan 4 2023, 08:40 AM

Having a CFP or CFA (more related to finance rather than personal financial planning) does not automatically make you a practicing financial advisor, ie: having the right to charge advisory fee. The CFP graduate still requires a CMSRL.

You will notice nowadays a lot of unit trust agents or insurance agent carry the designation of CFP or RFP but they are not licensed to charge an advisory fee unless they have a CMSRL.

The person you are describing is a fee only financial advisor. Check out MyFP Services Sdn Bhd. To my knowledge they are the only fee only advisor in Malaysia.

Best,
Jiansheng

I dont think they want to entertain poor person like me. They only want rich clients.
How about CF lieu?

This post has been edited by Ramjade: Jan 5 2023, 09:59 PM

unsubscribe him, a salesman than a financial planner.

he teaches very basic saving tips while showing off his house and cars in the US last time, as if they are super expensive.

his material is suitable to be taught in primary schools.

i think ramjade, you have better materials to share with us.

Actually I am looking for advisor for insurance. That's why I feel surely MyFP Services Sdn Bhd won't take me in. Cause I just want advise for insurance. Lol.

This post has been edited by Ramjade: Jan 5 2023, 10:26 PM

a qualified insurance agent should do the job, no?

but they shouldnt be hard selling their products. more like offering their knowledge to you.

Precisely. I want unbias advise to be my backup eyes.