This is going to be a flex but I can’t share with people irl but I realize I’ll hit Rm 2 mil in my EPF account by the end of this year!

How I achieved this:

The obvious is that I have a high paying job. I never job hopped (same company since graduation) and purely got to where I am through internal promotions and increments.

Self contribution - I only discovered self contribution a few years ago. Since then I’ll max out the Rm100k self contribution

Never withdrawing from my epf - I have not touched my epf at all eventhough I can technically withdraw anything above 1 mil

Another obvious is the compounding effect! It took me 10 years to get to 1 mil (also lower salary then) but only 3 years to get to the second mil. My dividend alone was Rm80k last year and this will just keep growing. My total contribution last year was almost rm400k including self contribution and dividend.

Edit: I find it so interesting that everyone assumes I’m a guy. Not a single comment used she. I’m not a guy btw. Women can earn good money too.

Me 25 already got 2m in epf no open thread also

I am RM5.1k a month bus driver but satisfied with his earnings. No complains here. Enough to eat, enough to spend..

Sad. I only got 372k at 33.

Probably gonna kill myself

Sad. I only got 372k at 33.

Probably gonna kill myself

0.001%

Seems to be a female engineer. Can climb so fast. Must be top of the top. Not doubting her capability.

Also all in EPF is the epitome of female investment. lol. They will "diversify" to FD in SGD.

0.001%

Seems to be a female engineer. Can climb so fast. Must be top of the top. Not doubting her capability.

Also all in EPF is the epitome of female investment. lol. They will "diversify" to FD in SGD.

Why would you call it female investment?
Investment is investment. I too max out EPF self contributing every year.

Me 25 already got 2m in epf no open thread also

yeah i also got 10mi in epf, i never open thread also

Me 25 already got 2m in epf no open thread also

wow.. you guys really trust EPF 

Im 35 this year. Salary rm 1.9k only 😭

Me 25 already got 2m in epf no open thread also

Sad. I only got 372k at 33.

Probably gonna kill myself

She bet big on epf....

But I guess better than me put in ILP just bcoz amoi persuade

Since my epf account created already has 5m inside
why so poor?

wow.. you guys really trust EPF 

Obviously, if u got high pay ur life damn good. Good house, good location. Good schools. Ur kids sure successful.  Poor ppl pls rent far away and travel 2 hours to kl to work. Come to work and drop off kids at cap ayam schools. Tired.  Take mc. Boss say see all lazy. Only boss and top management is clever and god chosen and they deserve high salary. The rich will never go to heaven #nabiIsa

…after collecting millions … end up getting scam by love -

Woman will pay anything for love once u find their weak spot.

Its that easy

Her gaji is RM50k a month.
Bonus can get RM100k to RM200k

I am RM5.1k a month bus driver but satisfied with his earnings. No complains here. Enough to eat, enough to spend..

.

Also all in EPF is the epitome of female investment. lol. They will "diversify" to FD in SGD.

This. Plus self contribution can pump up very quickly.

Obviously it's mostly self contribution from "external" sources la. 35 years old, say you graduate around 25-26yo within 9 years you start from bottom can contribute millions to EPF?

Like she said, maximum self contribution is 100k per year. She took ten years to reach the first million. Compounding interest helps a lot after that

2mil at the age of 30

Yes. It's not about trust though, it's about understanding how the structure works.
It's among the most stable of investment avenues.

Actually if work backwards, the amount is debatable…

One need to contribute RM10k per mth in epf for 12 years at 5% dividend to hit RM2M.

Company will pay 12%, self contribute 11%, so about RM5k per month self contribution. So her average per month salary is RM45k for period of 12 years.

If she does not start with RM45k and follow normal incremental path of workers starting RM3k, so roughly her per mth earning RM160k now. So increment per annum is 43%.

Actually if work backwards, the amount is debatable…

One need to contribute RM10k per mth in epf for 12 years at 5% dividend to hit RM2M.

Company will pay 12%, self contribute 11%, so about RM5k per month self contribution. So her average per month salary is RM45k for period of 12 years.

If she does not start with RM45k and follow normal incremental path of workers starting RM3k, so roughly her per mth earning RM160k now. So increment per annum is 43%.

Damn high pay.
Is she sugarbaby ?

You forgot bonus.

Bonus is considered in annual compensation, can be averaged out as monthly wage for simple calculation… unless you are in company that pays 36 months bonus every year i think not likely for typical company, i know TSMC and Tencent did pay that high occasionally … but not a typical company in Malaysia.

To add the 45k is for past 12 years not current only. Means from fresh grad onwards 45k per mth to accumulate.

It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%.

Is that even allowed?

Mca mar

According to the Reddit thread, yes. And this trick didn’t count into the self contribution limit. And you used five percent dividend which is low. Averaged over ten years the rate is closer to six percent. The last five years hit badly by Covid.

Yes. It's not about trust though, it's about understanding how the structure works.
It's among the most stable of investment avenues.

It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%.

Those who knows, knows.

Actually if work backwards, the amount is debatable…

One need to contribute RM10k per mth in epf for 12 years at 5% dividend to hit RM2M.

Company will pay 12%, self contribute 11%, so about RM5k per month self contribution. So her average per month salary is RM45k for period of 12 years.

If she does not start with RM45k and follow normal incremental path of workers starting RM3k, so roughly her per mth earning RM160k now. So increment per annum is 43%.

This is atypical company and also atypical job role, one company does not have alot of people earning this much even in O&G with 12 yrs experience.

In the thread, the one who said that is a different person if I recall.

I'm somewhat skeptical that can reach 50k/month in the same company. Especially if in O&G, unless you got some tali to pull you up.

It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%.

Can be much higher than 25%, my sibling is doing 60%.

It’s also kinda implied when she said her bonus is 200-300k and her epf contribution from this gross is 100k.

perhaps she is also in investment banking or private equity. Can partners in law firm here make this much?

Did the lady post her acct summary on the portal ?
Otherwise BS, anyone can claim that they have millions in EPF at an age when most folks are just sprouting pubic hair LOL

No proof, I also can say co-own a house with Taylor Swift in DPC.

Partner level law firm sure, as you get part of the profits

But she mentioned she's an engineer in O&G and worked her way from the bottom.

Wow really? That’s a big big loophole. Why even bother have 100k self contribution cap if you allow such large employee deductions

Leave 1 mil in EPF, 1 mil in S&p500, no need to work d

Big law firm you means? Or those shoplot law firms? Can earn that much?

is rafizi la bodoh

https://www.nst.com.my/news/nation/2022/11/...s-when-i-was-30

topkek

In the thread, the one who said that is a different person if I recall.

I'm somewhat skeptical that can reach 50k/month in the same company. Especially if in O&G, unless you got some tali to pull you up.

Me 25 already got 2m in epf no open thread also

Just stumbled upon a post while scrolling reddit. This woman is impressive. While there are many articles saying Malaysians do not have more than certain amount in their EPF, there are also many people with over millions in their EPF. She is one of the lucky few. Although I may never achieve what she has I hope this will give motivation to fresh grads after all the depressing posts on lowyat lately.
Source : https://www.reddit.com/r/MalaysianPF/commen...l_in_epf_at_35/

Like she said, maximum self contribution is 100k per year. She took ten years to reach the first million. Compounding interest helps a lot after that

I sad.

I only got 5 figures in EPF and I'm 42.

The problem with this is, 100k self contribution a year only started last year, 2023. Before that, it's 60k. If anyone claims "a few years ago", it's a hoax.

This only applies to self contribution on top of your salary deduction. With salary deduction there is no limit.

Self contribution - I only discovered self contribution a few years ago. Since then I’ll max out the Rm100k self contribution