Unker wants to change my current situation so now unker ady quit wasting time watching drama, instead using the time to learn figma thanks to kidmad and masboleh's suggestion. Unker want to ask ktards sekalian how do you earn more or invest when you were still B40? I believe nobody starts at T20 unless you born in rich family.

So far unker only put money in TNG for daily interest only, unker dunno how to grow more money so hope ktard sifus can advise how to manage own financial. I believe this can help other B40 ktards too. Sila advise and bincangkan, tenkiu

Strictly no gambling advice (previously 90% gambling troll in /k so close and open it in serious /k)

This post has been edited by heinlein: Aug 21 2025, 09:07 AM

I know this is easier said than done, but .

to earn more - upgrade your skillset, certs, 2nd jobs, etc . tiktok/ editing video skills is good too .

be frugal and cut spending

avoid MLM/ get rich quick scheme . invest in relatively safe n low risk if you are still learning . anything promise >11-15% annual return yearly is a scam .

Gold- publicgold / kwsp /EPF / asb / TH

skip those high risk /medium risk first if you don't know what you are doing like stock market /etc . those can be learned with time. Even stuff like public mutual, avoid it since the agent commision fee is too high . learn to trade yourself .

avoid property investment like a plague. very hard to get it right .

Hope the best for you .

This post has been edited by MegaCanonF: Aug 21 2025, 09:23 AM

I don't know much about figma and web design with how much time you will be spending per day -

if you are willing to go for side hustles with extra time you have

If you are around 20-30+, you can actually start putting self contribution into EPF to locked the money away. Sometimes it helps to discipline yourself on money management when you force the money to be locked away. Even as little as it is, you can still see it grow. Once you get the habit of doing it, it's always a win for you.

1. Spend lesser than income

2. Invest the excess cash

3. Don't touch the money investment no matter what

Rinse and repeat

Currently is doing the figma learning after work, have to rewatch it cuz first time I follow it blindly, rewatch to understand the logic behind it. Video editing is super stagnant like graphic design, too many designers too little demand.

I dun even know how to invest in low risk investment in tng. Btw, what is publicgold and TH? My cousin last time do public mutual and my mum super supportive promote non stop til all the siblings bought it. Few years later, i tok about it to my lil sister, she sigh and say dun talk about it liao in disappointment. Didnt want to tell me but the reaction, I stay away from it.

I only can learn after work until I totally exhaust, I cant say Im learning fast and need to rewatch it a few times and making notes.

Now already 40s+, I'm consider to self contribute epf although it kind of late now, I was thinking to put RM100 every month apart from those contributed by work salary

The invest part is the knowledge I lack of, only know tng Go+, FD and EPF

Step by step

1. Start with RM1000 saving (in bank enough)
2. Then go with 6month net salary saving (save somewhere like asb, fd, tabung haji, make sure you can still make withdrawal)

If you manage pass step 2, most probably you already in m40 class.

3. Start saving in somewhere when can get tax refund (SSPN, PRS)
4. Then start learning medium risk investment. Personally recommend Public gold.

Further than that, no advise as i not yet pass the step 4.

Currently I just put some $ in EPF & S&P500 (You can learn all about throwing money into S&P500 here)

My retired uncle told me why he gamble ..
He say after deduct everything he left about 500-700.
500-600 can do what ?! Lama lama jadi bukit ah ??
So he take it to gamble in Genting..
Sometime lucky win few k...if not lose all 500...

Still not too late actually. Remember every RM 100 you put in your can actually take out RM 10 as it goes to flexible account, so it's not 100% locked. But the good thing is you currently still get the same dividend rate as the other accounts. At 40++, you just need to treat it as a long FD as the funds will be assessible when you reach retirement.
Remember you can offset your income tax with these.

This post has been edited by Capt. Marble: Aug 21 2025, 09:45 AM

publicgold - gold saving n buying account . had it since 2015, just park money there, they have GAP (gold accumulation program), can buy slowly the gold.

just consistent every month and let the money be there .

TH is tabung haji

The only safest I can redraw prolly is FD, I keep my expenses minimum and save as much as I can to meet the target, and also self contribute extra for my epf too. Never know what gonna happen when Im getting old

I give a good read at S&P500, really appreciate your advice

To me gamble is 95% lose so I not touching that. Too dangerous and risky

I wonder how to retrieve the money when Im retired, do you have any idea? I think my dad go to counter to retrieve it?

Tabung Haji is for type M only right? If so, this option is not valid for me I need to look into public gold, unker really live under the rock for too long

Open fundsupermart account, invest in S&P 500 ETF through RSP (minimum rm100 per month)

Don't leave large amount of money in savings account. It generate no or little interest.

For a start, transfer to fd. It gives something better than savings. Just leave some for emergency.

This post has been edited by mini orchard: Aug 21 2025, 10:49 AM

Worst part getting old is not having a roof over your head and getting squeeze by landlord. Money little nvm, as long body healthy, eat less quality still can survive.

Invest in stock market,
S&P500 for growth,
Maybank or other banking stock for dividend
Medium risk, Tech stock , Nvidia, Apple etc

Any video to learn the basic, unker really dunno anything about this

Unker also thinking of FD after TNG and EPF

Maybe ktards foreveralone can rent and live together to support one another

Any video to learn the basic, unker really dunno anything about this. what medium risk actually means? money invest lost?

This post has been edited by heinlein: Aug 21 2025, 11:17 AM

What skills do you have? TnG daily interest is not meaningful just skip it.

This post has been edited by OrganicRepublic: Aug 21 2025, 11:46 AM

All design related skill as graphic designer, illustrator, photoshop and indesign, currently learning figma, also know some artificial intelligence but very limited to hardware (AMD GPU)

it means higher volatility compare to ETF.

Investing in stock market can be as risky as gambling. Make sure you have at least 6 months of emergency fund secured first. Then search for "Bogleheads" to learn about the long-term stock investment strategy.

The only way to make it big is crypto.
Buy very little at start (since its near peak) then increment for every 5% drop. Stick the top 3 crypto. Thanks me in 2035

https://www.fsmone.com.my/funds/research/ar...-details/327341

remember fat mau landlord want to increase the rent. I think should buy a condo/apart or apply for rumahwip.Once get older nobody want to rent to oldman.Learn is good, but i feel learn something related/similiar to your work industry even better for you to build up not only your career
hope fat mau can share more with me

Dunno go old folks home expensive or not when unker old

I also sked the money kenot take out

Cyrpto very expensive right? unker dun think i hv the money to invest it also

Yes its near peak. Thats why its good to invest at interval (eg monthly) at a very small amount and increment it at certain % drop. Dont time the market and dont sell. Have a long term horizon.
You can start with any amount, RM10.

This post has been edited by Singh_Kalan: Aug 21 2025, 02:59 PM

EPF if you are in the 5 0 club
Gather stocks that pays dividend, Bank stocks are safe bets
Your daily cash put in ewallet for daily interest
Many will disagree, but parking in BTC long term is medium risk with high or fast return
Dont spend on drinks
Use My50.

This post has been edited by dudester: Aug 21 2025, 02:41 PM

ok, dunno min is not 1 btc

can let unker know example of bank stocks and where to buy them??

HOW

you should go visit or do some charity home care elder and see the real situation
dont worry too much, focus to earn more money. keep watch drama for relaxing and ignore those unhealthy news brings you negative

A proper investment in stock market require alot of study and understanding, u need to learn how to read the financial report, understanding the market trend, basic economy knowledge, and also strong mental quality (some people can't handle the stress when due to the volitation of stock market and make mistake).

I start investing into fund in my earlier 20's, but the return doesn't really convincing. When I've more capital and I'm more comfortable financially in my late 20's, i start investing into stock market. I'm now stably earning from stock market, but it took me about 5+- years to get me into this status, as what I mentioned above, it took alot of effort to understanding the market. If u think u have the time and motivation for what I mentioned above, u can slowly pickup.

If u think u just simply don't have the time, or mental quality to do it, I would suggest like what many already suggested here, just invest in S&P 500, or NASDAQ 100, create an account and chip in money every month. This is what i would suggest to my friend whoever that think they are not capable to deal with the stock market.

The logic is simple, buying S&P 500/NASDAQ 100 is buying the fortune of US, as long as US still the world's leading powerhouse, their economy will continue grow, we are just ridding the trend by participating. Ofcoz S&P 500/NASDAQ 100 can fall during bear market, but in long term, 10-20 years, it's always grow, unless one day US are no longer the leading powerhouse, then u should reconsider this investment plan.

This post has been edited by ragk: Aug 22 2025, 03:57 PM

I always having trouble understanding stock market and financial stuff, so many things to learn, unker also 42 yo liao, really feel not easy study alone by myself.

B40, no invest, only work...
slowly hop job, until salary M40.
money only keep in epf & property...

Bro u should utilise from here. Do more freelance/ small business.
if have enough money then Invest something easy like US etf, the main cryptos, gold etc.
Prudent personal finance .what else u need.

Without extra saving for investment there is no way u can climb from m40 to t20 through investment. The only way is set up your own business/ or have high position stable career or corporate job.

Even setup your own business have a thousand way like become YouTuber/ content creator etc .

Unker... If you don't know how to manage your money go find financial advisor help you. For a small fee they help you fix your life and show you the way.

At most cost you rm2k if your case very messy. Better than follow some ktards advice.

If you really srs one just pm me I give you a contact of someone I know.

This post has been edited by Emily Ratajkowski: Aug 21 2025, 06:09 PM

You need money to make money. You need both high savings rate and high earnings to kick start your investment journey.

Live life like the strictest B40 where every Sen also count. No subscription. Astro, netflix auto-pay nothing. Buy and use the cheapest android phone you can afford. Don't be ashamed.

No mlm/direct selling, crypto, get rich quick investment scheme.

Use the savings above to invest in S&P500 or QQQ or IUIT (UK version of QQQ) every single month. Come.back after min of 10 years. Market red or green, keep buying. If red, buy the f*****g dip even if it's a multiple dip.

At least you have property, should proud of yourself, unker bo property yet and dun hv money to downpayment oso, never have experience buying property nor the knowledge how it is done

Freelance is a hard job, unker try do own business freelance designing for a few years, connection is important, without it really eat dust, end up back to work even low salary. Unker also make youtube video, really not easy

Unfortunately unker dun hv luxury to pay someone to fix my financial

Unker no subscribe to anything except internet, and wont dive into mlm, have seen my mum crazy doing mlm and nv even get rich once. For now, unker only target to reach 20k savings first for tng and chip in a little extra to my epf also, so at least hope when old can afford myself a place at old folk home

If you know how to design things, try fiverr or Upwork. Can earn some USD.

Internet also bare minimum.Like mine. I sub to the cheapest fibre package at RM89/month, phone bill only RM40. If you are at home most of the time just pay for long life plan around RM60/year.

Like I said watch where every sen goes. Personal finance is very easy. At the end of the day is money in must be always be more than money going out. No need to pay someone to manage your own finance. Learn to manage your own.

Learn to eat one meal a day. Do meal prep. Eating 1 meal a day help your health and money in the long run.

Have at least RM50k in emergency savings. Make use of stuff such as KDI save (4% for first RM50k), KAF digital bank (5% for first RM2k), Ryt bank (4% for first RM20k until 30/11/2025). I would forget about Tng as returns are low Vs the above mentioned. Yes few sensible difference. But now you need to max even that few sens difference.

Once you collect your RM50k, come back here then we talk.

This post has been edited by Ramjade: Aug 21 2025, 08:46 PM

But buying S&P 500/Nasdaq 100 have US Withholding Tax 30%.

How to waive the 30% US Withholding Tax?

I am interested to learn bro, pls teach thanks.

You cannot waive it. You can only offset it partially by buying UK Etf that track US stock reducing it to 15%.

The tax is on the dividend. Not the whole gain. Capital gains is not tax for international investor.

Ok, how to/where to buy UK based ETF?

Pls teach me sifu, thanks.

There is no short cut. Stock? Crypto? Unit trust? Stop hearing this…If no people go in….they can’t earn money….with the little money…forget it…..

Money is earn from the People.
Either u invest in what you good at or
By now..should have friends…tak akan no friend….ask your surrounding successful friend ….see can join or help.

Which top 3 crypto u recommend?

Thanks

Ok use what platform to buy?

Are you trying to troll? I will give you the benefit of doubt.
1. Open sg bank account
2. Open sunway money /& moneymatch
3. Open interactive broker (IBKR)
4. Use number 2 to transfer money to your sg bank account (RM -> SGD). Do not use Malaysian banks to send money. Ever. You lose 2-3% with Malaysian bank per transaction.
5. Use the sg bank account to transfer SGD to IBKR using FAST transfer (sg version of Duitnow) - free
6. Convert the SGD into USD or GBP inside IBKR depending on what you want to buy and what currency they ae in.
7. Use number 6 and buy the UK listed ETF

Do not use fsm. It is more expensive than IBKR over long term (>10y)

This post has been edited by Ramjade: Aug 21 2025, 10:50 PM

After whole day work, no time no energy to learn investment. Sifu2, please recommend uneducated B40 old and slow uncle which is safer investment.
If can only choose 1, crypto or ETF? Thanks.

honestly, friends will leave when they see me being less successful, that is fact, I only can depend on myself to catch up

Crypto for fast reward + high risk.
ETF for slow reward + low risk.

Depends on your risk appetite bro.

That is not friend. Is hi and bye friend. These friend got or not also never mind. Have a strong inner self.

Real friend is connected by your energy. Real friend won’t leave when they see you less successful.

I guess I only hv 1 real friend at hometown, we both arent successful too but he always update me with useful info

This is a good start.


Avoid high risk investment if you not really pro at it, stable is the key for old age

Put 1% in crypto and 99% in ETF.

I was B40 before. I took metrobus to work in early 2000s

The best thing to do is to invest in yourself, and to invest in knowledge

Find what you like to do, what you are good at doing and what pays well for doing it

It took me a while, but I learned a new skill and became better with it until it was worth something

Investment with little money isn't going to give you a lot of returns, unless it is risky investments or gambling

I suggest you first take a step back and think what works best for you

I'm currently also investing myself with knowledge with the remaining time I have after work. Could you share your story what you learn and your process too? It would really helps a lot

property low cost also can buy, 50k-100k still can find...
just pay booking to agent, find lawyer & take 100% bank loan...
ez lh... the hard part, dont buy wrong property lh...

unker now financially worry about what?
retire later stay with school friend lh if no family...

Long time no contact with school friend ady, if can find a group of foreveralone ktards like unker willing rent and live together will be the most ideal, otherwise unker actually plan to secure myself a place at old folks home after 65yo. I dun think i will live pass 70yo oso actually. I had a fb friend's auntie live next door to her in her own house. Lately dunno is it kidney failure and rush to hospital (70 yo oso), after awhile she totally lost contact, dunno how is her auntie's condition

AI reply unker....

Thank you for clarifying — being around 60, without family support and while struggling financially, changes things a bit. At this stage, the priority is **security, dignity, and maintaining health**, while avoiding being overwhelmed.

Here’s a tailored approach for your situation:

---

## 🧩 1. Secure Basic Needs

* **Food Assistance**: In Malaysia, you can apply for *Bantuan Prihatin Rakyat (BPR)* or *Jabatan Kebajikan Masyarakat (JKM)* aid. Some mosques, temples, and NGOs run food banks (*bank makanan*).
* **Shelter/Housing**:

* If rent is a problem, look into *Rumah PPR (Program Perumahan Rakyat)* low-cost housing.
* Some NGOs and religious organizations help elderly individuals with temporary housing.

---

## 🧩 2. Financial Options for Seniors

* **Government Assistance**:

* *Bantuan Warga Emas* (JKM) gives RM500/month to elderly without steady income.
* *eKasih program* may provide cash and food aid if you are registered as low-income.
* **Part-Time Work (Light)**:

* Light jobs such as security guard, shop assistant, food delivery (if health allows), or even online tasks (teaching, translation, tutoring).
* Some NGOs also provide small livelihood projects for seniors.

---

## 🧩 3. Health & Wellbeing

* **Healthcare**: Government hospitals and clinics (*Klinik Kesihatan*) charge very minimal fees for seniors.
* **Daily Care**: Even small daily walks, stretching, or light gardening help keep mobility and mood better.
* **Mental Health**: Loneliness is real. Try:

* Joining local *surau/masjid activities, senior citizen clubs, or NGO volunteering*.
* Talking regularly with neighbours or community members.

---

## 🧩 4. Build a Social Safety Net (Without Family)

* **Community**: Being part of a mosque, church, temple, or NGO group can create a “chosen family” of support.
* **Volunteering**: Even if small, it brings meaning and connections — and sometimes support networks for emergencies.
* **Support Groups**: There are elderly community centres (*Pusat Aktiviti Warga Emas*) that provide activities and a social circle.

---

## 🧩 5. Protect Yourself

* Keep important documents (IC, medical records, bank info) safe and organized.
* If possible, talk to a social worker (JKM has them) who can help register you for multiple aid programs.
* Avoid scams — older people are often targeted.

---

👉 The key is: **use community + government support, maintain health, and find light ways to stay active and connected.** You don’t have to face everything alone, even without family.

---

Assuming you’re in your 40s/50s, average to low wage with not much savings and have no plans to leave your stable job.

1. Invest in low risk financial instruments, ETF, EPF etc, do not allocate a big portion of your asset to crypto and penny stocks as you can’t handle the risk at your age and income level. Be defensive and maintain a 20/80 10/90 ratio of high risk/low risk investments.

2. If you don’t have dependents, consider career change. If you do have dependents, consider upgrading yourself and look for a new job. At 6% return per year, you need 100k to earn 500 a month but 500 a month is just a job change away.

3. Network more, with quality people a level or two above you, no peers.

4. Do not waste time seeking advice from people who aren’t successful at making money themselves, no gurus.

5. Consider taking up part time or freelance job to increase your income. Invest the full amount you earn.

6. Change your habits.

This post has been edited by OrganicRepublic: Aug 22 2025, 09:05 AM

Those are really great info to know, unker didnt know much of them. Thanks a lot

1. I guess Im gonna self contribute RM100 apart from work epf to insure myself financially
2. Unker is planning to change my career and at the same time learning new things too, although unker sometimes too tired till fall asleep while the light still on
3. Really didnt network with a lot ppl anymore, not even peers. Most of my peers are married and no longer available to come out like the old days also
4. Sometime unker sked those online gurus also, they seems like scammer themselves eg. vince tan

hello, we have a dedicated bogleheads thread at lowyat yo

make sure you say hello there =)

and yes ts, many good advice here. Maybe i'll add in, but a more philosophical one.

take care of the downside, the upside will take care of itself.

being age 40+, means defensive d. If really want jump class b40 m40, you can use barrel strat

90% safe, 10% risk

10% is ultra high risk like 0dte spy (oh no i hope im not encouraging ppl here do all in their lifesavings on tjis). reddit wallstreetbets are examples how you see ppl lose daily. Sort 'loss' and read them. They pay real tuition fee, you learn lesson from them.

Contrary to many advices here which suggest more hustle, more work, i'd say just lazer focus on one niche

if you gooding in plumbing, perfect it. But too much physical, so need gear toward softer side (e.g., teach ppl plumbing etc).

AI era, too hard d. Job loss mounting in coming years. Blue collars super hardpress with daily whatsapp msg come in after work hour. You no perform you out. Many customer service now oursource AI je. Graphics design gg. Copywriter? Hello chatgpt. You see the reading on the wall. Get PRACTICAL skill.

Even flip roti canai is practical because AI can't take that yet at least for 5-10 years. Wait AI robotics come in, gone case semua job career.

OK getting long. Some of you getting my personal pm inquiring about your investing preference (for my academic research) hehe.

TLDR ayam half bucket only so blow water here.

Yeah, I'm aware. But Bogleheads strat is so simple there's really nothing to talk about haha. I mainly just VT and chill. Not interested in min-maxing the fees and WHT. As long as it's returning higher than EPF I'm good!

My PERSONAL view / goal :

1. Learn and "go-all-out" like crazy when young (age 26-40) .. be it getting extra qualification, shit learn lesson from working etc. Why I put age 26 onwards because that's when I graduated with my sister because I'm rich to have such lifestyle to not graduate young .. so don't ask me why.

2. My focus is getting my 1st MILLION in EPF, I know others have different thought, other option I also have is ASN (stop contributing aleady except for fun when feels like it) .. I did not put into FD as I feel my high interest saving account is better ..

3. Stop spending uncessary like I do (i.e shop every weekend, minimize going to restaurant for meal during lunch time by changing to cheaper lunch partner sometime, and do not start expensive hobby like MTG or even buy expensive unessary "shit" then keep in storeroom)

Unker know nothing about investment so kind of scare also, later the little money I had also lost then really can suicide liao. I only can say Im pretty jack of many trades, mostly learn to save money from hiring people to do the job. Sometimes I do feel plumber earn better than graphic designer cuz many graphic designers also throw price like nothing ruin the market

I dun think i can get 1million in epf, as long enough for unker to secure a place in old folks home and eat ok ady. Unker only eat during lunch on work time, other time all shop and cook myself de, unker no partner, ady accept b40 no deserve to get love also, no hobby la, now only play a little f2p game and remaining time use to learn figma le

Don’t network with peers it’s pointless.

heinlein since you aim RM20k and I assumed you got long runway like 20-30 years until you want to use the money, take a look at both links below. Pic speak louder than words.

RM100/month into EPF assuming you have RM10k already for next 20 years at 5%p.a

RM100/month to buy QQQ assuming you have RM10k already for next 20 years at 12% p.a
Key in initial amount

https://www.investor.gov/financial-tools-ca...rest-calculator

Collect your RM20k first then only start to focus on investing.


This post has been edited by Ramjade: Aug 22 2025, 02:06 PM

Yes, but I fear the whole American stock market gonna be another bubble like what happen in the 2000 dot com bubble



During 2000, the bubble pops and it only recover back to the same level after 15 years.
Don't get me wrong, I also got large position there but I fear history will repeat itself once again considering we are now at the all time high level, the US debt are unprecedented level.
If the US default on their debt payment, the stock market gonna get very ugly.

Crash will come. Embrace it. Welcome it. Be prepared for it. Crash is the time to build wealth.

crypto is speculation investment/betting, only go in what you can afford to lose all

got kawan go in 100k, double it as went when it was 50k to 110~120k now, but I already convert to stable coin at 60k, only profit 1k.

if you have RM1k to spend, then you buy whatever % of the crypto that is worth 1k. I only spend on the popular coins.

Another friend buy all the junk crypto, waiting for them to double or 10x jump. or it might just drop all value become junk.

I read a few self-help books, authored by Marcus Buckingham. The thing about reading books is that it is very generic. It's only powerful when you are able to apply the knowledge

For example:
I can't cook, don't like to talk to people much, like to sit in front of my computer whole day.
I like to do puzzles, figure out algorithm and to fix software bugs
I had an IT degree but was working in IT support answering calls, and I decided a software developer was the best career for me
I check the vacancies market, there was a demand of Java developers at that time. I then learned how to do programming myself with some online resources
Managed to switch jobs, accepted low pay in a small company to start with so I can get some real experience
Fast forward 5 years, salary doubled and 10 years later working in UK now

Only you yourself can determine what works best for you. Maybe you are an excellent cook, or a salesperson or a mechanic. Maybe you are not there yet but can be good at it but you are just doing the wrong thing.
Being near the top in every industry normally pays well. Top footballer, top sales person, top cook.

What works for me might not work for you because we are just different people. People told me back then doing sales can make a lot of money, but I'm not a people person. By comparison, by university course mate did do sales, but he was a very introvert guy so that did kindof shock me but he eventually quit because it just didn't suit him well. Not everyone is cut out to be a salesperson, cook, footballer, software developer

So you just need to find the right balance of:
1. What you like to do
2. What you are good at doing
3. What people would pay you good money for doing

Unfortunately, what I good at didnt let me make a lot of money, that the sad life about me. I only can force to change field and learn new things even ayam 42yo now. I dunno if I will even succeed

Ts I think you not sincere la. Everyone give you suggestions and show you solutions. But every single point also you can deny.

You want to change or not one?

Im reading the links that ktards send me, so not sure why you are stating that I deny everything, I might not react and act fast since Im not some genius that instantly master anything in a glance since I need to work in day time. Or I suddenly can get a huge amount of money out of nowhere to invest instantly too. Do you seriously think i can become rich overnight with advice alone without given time to execute it?

I will give you a motivation. I know a close friend earning like RM2-3k a month. Retired at 55 years old with around RM500k net worth. Person did nothing but dump into FD and only.

The secret sauce live way below B40, cook everyday. But things when on sale. No expensive overseas trip. All second hand stuff.

I pretty much 80% like your close friend, cook whenever not working, only buy necessary food, no restaurant, no cinema, dump money into tng daily interest, plan to FD after had 20k in tng, will contribute extra rm100 to epf. i dun like going for trip

Good. That's the most foundation. After you reach that 20k up you to decide which route you want to go. For me personally I won't bother with EPF.

why? epf rate is highest

You did not see the link I provided assuming you have like 20 years until you need to use your money.

I would want to save both, one for current and one for old age

See the above. Play with the number. You have to remember your capital is limited. You have very little money. So the only way to make it work is make your money work as hard and as efficiently as possible.
Both works for long term. Only difference is one will give you more money Vs the other.

You can always sell out everything and dump it into EPF to preserve the money.

Keep in mind by investing overseas
1. You protect yourself against the depreciation of ringgit. What this means is your hard earned money goes further Vs just holding ringgit. Ringgit depreciate at around 3%p.a Vs the SGD. So if you earned 5% in EPF, you are effectively only earning 2%p.a Vs if you put into something in SGD earning 5%p.a Yes such thing exist. That's why I use SGD as my EPF vs dumping into EPF.
By me opting for 5% p.a in Singapore, I am getting the true 5%
2. Your ringgit earns more. A 5% Vs 10%p.a double the returns. A 5% different matter over 20 years time period.

Yes returns not guaranteed but by picking EPF you are giving up opportunity cost (money grow faster and more efficiently than EPF) which means more money when you need it.

Do you need the money now Vs 20 years down the road. Ask yourself this question.

You can listen, you can ignore. I don't get anything either way. I was in your shoes before this. Focusing on just FD promos amanah saham cause scared to lose money. I realise early on I am losing more money by being safe.

This post has been edited by Ramjade: Aug 23 2025, 12:45 AM

If I were to invest in SGD, how should I do it? I check online there will be conversion fee back and forth and need a work permit to open a SG bank account. My question may sound stupid as I dun hv knowledge in this area

Not really. If you know how. Yes there will be feess if around 3% as banks want your money what. But there are ways to minimise the fees.

But when you invest overseas, you do not touch the money for 20-30 years until you need to use the money. Treat your money as one way ticket. Never been seen again for next 20 years. Yes that is what I did and still doing. If you itchy hand put money this month then bring money back next month or few months down the road, guaranteed way of losing money due to forex movement and you are removing your money tree too soon. Once it is overseas leave it.

My advise collect RM50k in Malaysia first for safety reason before decide your next action..

If you are 55 years old next year, don't bother with tnf and nonsense. Use EPF s you can withdraw money anytime at 55 years old. If you are still far away then you need to decide if you want to lock up your moeny into EPF and cannot touch them for 10y+ (you mentioned you are 40+)

This post has been edited by Ramjade: Aug 23 2025, 11:42 AM

Im 42, will try to target 50k as you say first, try to save and earn after work and see how thing goes

Spend as little as possible.
Try to do overtime where necessary.
Invest your money so they work as efficiently and as hard as possible.

Now also looking for freelance do too

Well there are several ways to do this... if you are already more than 55

https://www.kwsp.gov.my/en/member/life-stag...5-60-withdrawal

Else if you are 50-54

https://www.kwsp.gov.my/en/member/life-stag...e-50-withdrawal

The easiest is via i-Akaun. Just register and activate by visiting your local EPF center to be save. It can be done at home but if you / your dad often visit the counter best do it at the center to clear out any questions on how much he can withdraw and the limit for each withdrawal.

Once registered and activated, you can do the withdrawal anytime anywhere via online or via the app on your phone. The money will be transferred into the bank account (with the same name as the EPF account) usually within 3 days.

You can actually try now by withdrawing a little from your Flexible Acc 3 just to test the water on how to do it.

I have the online acc for kwsp, not sure it's call i-akaun. Only view the amount currently available. Later I try to withdraw it Abit to test water. Your info is very useful. Thanks so much🙏