More wealth? Can u calculate loan asb vs saving by own until end of 20yrs, which one is more? Hahahaha...simple calculation.

this type of investment only happen in malaysia...

no need effort also can get money in return...

just because of  colour...

ini memang 1 malaysia... malays 1st other second as mention by TPM

for me asb loan is for those who think about long term, after retirement where that day we don't have enough capability to do work, but at least we still have money to keep survive + for our children..

frankly, im still young.. i take rm200k asb loan for 25 years tenure. my target is 1m after 25 YEARS. if i'm not survive that long, it also for my family's benefit. it's ok.
my method, i'm not touching my dividend at all. don't worry, if some say suddenly got emergency where u need to use money immediately, it's your choice. u can cash out that dividend anytime after 1 year. it's ok

based on example situation ... lets say dividend is 7% every month (worst case scenario) .. itu belum campur bonus lagi

i pay rm1132 per month / rm13584 per year.

so total i pay rm339600.

but then... after 25 years, i manage to get rm 1,014,473.
so, conclusion is .... i just pay rm339,600, but i get rm1,014,473 back.

instead if i'm not taking advantage of asb loan ... i just got that rm339,600 from my own saving only.

so, ape yang rugi nyer amek asb loan? idop sengsara 25 tahun? kalau betol la rasa macam sengsara, amek method laen. tahun ke-2 byr guna untung dividen aje, tak payah nak sentuh dah duit gaji tu. 1 sen pon tak luak dari gaji. cuma untung sikit la, sikit takpe... at least still ada. dari tak ada langsung?

Thought you already decided not to take asb loan...

Answer to your question is no. Use own money is better.

Yup, I know but simple calculation based on present rate using own money still more $$ compare to loan.

But I myself still prefer loan compare to using own money. I can gain $$ with loan

Hey, I thought you already maxed up your ASB account.

Its okay if its not, but if yes, how can you add up on the max account? Teach us the way please!

Don't study anything yet regarding AS1M, but this sound doable.

I don't know when I may reach this stage, as house & car loan should be the first to consider once you started working, yes?

Liability or not, it almost a must-have subject to travel/work etc nowadays for vehicle.

House, yes. Probably you are right. You suggesting to renting till I decided to permanently settle down in 1 location?

as i said before in this thread.. your roi can reach up to 25% by doing this.

Cannot bike, my (future) waifu is too petite . Gotta get a car, a mini or compact one will do for the first 5 years minimum.

Yep, house is really chicken & egg thingy. If I may ask, what is your personal opinion regarding this matter?

ADD : Too bad hospital-provided apartment only applicable in the first 2 years, if I am not mistaken. Renting it is approximately RM 60 yer month!

ADD : Too bad hospital-provided apartment only applicable in the first 2 years, if I am not mistaken. Renting it is approximately RM 60 yer month!

Kinda remember a quote from George Clooney in the movie "Up In The Air" - The slower we move the faster we die. Make no mistake, moving is living.

Did you friend mention how much the allowance? I'd receive the information from my senior whom currently doing her HO.

Nett salary during HO : 4.5-5k inclusive the allowance and whatnot. Quite good.

OR 3.5-4k, I am not sure. But I think 5k max inclusive all.

Possible to comply, as current house is a walking distance from hospital

How about purchasing medium-cost house (max RM100k-150k) and try to settle within 10 years (doable considering the combined salary AND I am tied to gov for 10 years service). After that, get moving and leave the house for rent.

OR it would be better to purely concentrate on ASB + AS1M and buying the (much) better house for permanent stay?