Like that all b40 can go dai oredi

Like that all b40 can go dai oredi

Lets say its savings la

53k in 10 years (realistically, 8 cause you probably only get your first job around 22yo). Means you need to save ~6k a year for 8 years. Doesn't seem a lot, but if you're earning 4k, your nett is around 3.5k, and RM500 is close to 20% of your salary. With price of everything today, unless you stay home with parents and mummy still cook for you, unlikely can save that amount.

Also in the same row, it says EPF saving by 30 should be 35k. Using 8 years as benchmark, that's only 4k/year of EPF contribution. If your salary is 4k, per month about ~RM900 already goes into epf. One year already 11k. Can hit your EPF target in 3 years.

Quite impossible for salary to be so low that you only have 35k in your EPF by age 30. Even if your salary is only 2k, your EPF would be at 46k, not counting dividends and compound interest

If you can't hit 1m by early 30s, just go kill yourself. married someone with twice that amount.

Lets say its savings la

53k in 10 years (realistically, 8 cause you probably only get your first job around 22yo). Means you need to save ~6k a year for 8 years. Doesn't seem a lot, but if you're earning 4k, your nett is around 3.5k, and RM500 is close to 20% of your salary. With price of everything today, unless you stay home with parents and mummy still cook for you, unlikely can save that amount.

Also in the same row, it says EPF saving by 30 should be 35k. Using 8 years as benchmark, that's only 4k/year of EPF contribution. If your salary is 4k, per month about ~RM900 already goes into epf. One year already 11k. Can hit your EPF target in 3 years.

Quite impossible for salary to be so low that you only have 35k in your EPF by age 30. Even if your salary is only 2k, your EPF would be at 46k, not counting dividends and compound interest

I was earning 2.7k at age 24 and 3.3k at age 26.  Way lesser than what you posted here. Heck even took 1 year off my career, still can hit 1 million ++ net worth with 9 years working.

It's definitely possible.

If follow k standard, 20k incum month
Wow u are rich

fak it,i dont follow those...
i more to relax now n dailly....and die early jer

I think I see your face before and I guess you must be in 40++. Do you have any plan for your future actually

If you can't hit 1m by early 30s, just go kill yourself.

24 - 48k
25 -100k
26 -195k
27 - 280k
(Exclude epf)

Portfolio
70% US stocks (unrealized gain : 30k)
20% ASNB
10% Cash/FD

Very slow progress, tell me when can I reach 1 million?

I was earning 2.7k at age 24 and 3.3k at age 26.  Way lesser than what you posted here. Heck even took 1 year off my career, still can hit 1 million ++ net worth with 9 years working.

It's definitely possible.

I was earning 2.7k at age 24 and 3.3k at age 26.  Way lesser than what you posted here. Heck even took 1 year off my career, still can hit 1 million ++ net worth with 9 years working.

It's definitely possible.

Why you like that. I feel so demotivated and depressed. 😔

But not for 80%+ epf members

If you buy house and property price went up, easy to hit 1m networth la.

Having 1m in your bank account is something entirely different.

The simple fact is, you are you. Maybe you got lucky in some way, or worked really hard to create a high income path for yourself. You're an outlier, which means majority cannot be like you. You need to structure policy/benchmark based on achieveable results by the masses and at the level they are at. Financial education is certainly lacking, but even if we can educate people, those numbers listed are going to be really hard to reach with current market conditions.

Stay focus.
Why not? They withdraw?
You do know what's net worth right? It's after deduct liabilities.

I never include property and it's loan into the calculation. The rent can cover monthly installment, so I'm putting it aside.

As per Epf reported many members very little money in acc