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 2mil in EPF at 35

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Wedchar2912
post Oct 12 2024, 10:50 PM

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QUOTE(novblaze @ Oct 12 2024, 10:24 PM)
Assume works from 22 to 35 is 13 years.

Need around 30k to 40k a month from starting with compounding interest to get 2m epf at age 35
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the reddit lady confirmed her salary now is 50Krm...

and she did contribute extra also the past few years... so definitely doable.

the real impressive part is her pay being 50K rm at the age of 35...
Wedchar2912
post Oct 12 2024, 11:20 PM

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QUOTE(tohff7 @ Oct 12 2024, 10:51 PM)
she said

her starting salary is less than RM5k. Within 5 years of working, hit 20k salary

apart from EPF, got 1m in stocks, 2m in FD. and 1 property (gifted by parents)
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1 property gifted....

looks like not easy the story. strong cable? 5K to 20K in 5 years must be like every 6 months got promotion.... rclxms.gif
Wedchar2912
post Oct 13 2024, 01:15 PM

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QUOTE(eidrag @ Oct 13 2024, 02:34 AM)
40 yes, but 35 usually manager or hod at most. Dunno why the 40 magic number, make people more confident with you?
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i suspect its cos those in charge are at 50 and above... so somehow they needed the next gen to be like 10 years younger so as not to challenge them, while at same time with enough experience. statistical of course.
board of directors are oldies at 60 and above...
C and C suites like 50 and above...
HODs are like 40 and above
team leaders 30 and above...

grunts are of all ages.... innocent.gif

 

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