More Malaysian need to listen to this interview and start thinking for themselves. Do not wait for the govt to spoon feed. Govt need to do better in the field of education if we are serious about getting out of the middle income trap
Wonderful! An eye-opening talk. Almost 40 years ago, I came across a saying in the Reader's Digest and it has stuck with me ever since - 'When the government takes over the responsibilities of the people, the people no longer take responsibility for themselves. This lack of accountability is one of the reasons for people's lack of financial stability. As Datuk Lee Chong Wei said, 'We celebrate mediocrity.'
Thanks for bringing in Tunku Alizakri in for the podcast. Our country definitely need more this kind of quality people to contribute for the betterment of nation.
Fantastic interview with lots of insight, ideas and advice from Tunku. It's true that the Populist agenda is currently holding us back as a nation. Also, it was stunning to hear his opinion/suggestion on how the Monarch can take charge in setting the path of our country.
I wish I heard this potcast 20 years ago. I could've done things differently. Thank you Tungku Alizakri for sharing your financial experience and wisdom.
Kudos on another wonderful and insightful podcast on a very important topic. These issues underscore the importance of effective retirement planning and the need for individuals to prepare for their financial future in a landscape marked by uncertainty. His perspective is particularly relevant in the context of Malaysia's economic and demographic trends, offering valuable lessons not only for Malaysians but also for global audiences facing similar retirement and financial planning challenges.
I am so inspired by all that you have to say, Tunku. You have so much passion and hope for this country. I pray your passion and hope will shine through, the hopes of our people too. May this beautiful country regain its shine, its glory and its beauty.
Basically, financial knowledge should be taught in all schools in Malaysia. Start Malaysians young ! Most Malaysians has NO idea on how to survive in life! Never depend on anyone in life to survive! Depend on oneself & LEARN & INVEST !!!! Who to trust in life? Reality is WORK till one dies ! Ringgit has dropped in value! Moving to small towns! RENT ! KL is too expensive to live in ! How? My opinion.
Fantastic discourse. This type of education should start young and the best channel to educate our young is to start financial education in the school. A good way to start is to play monopoly with our children.
EPF might be in crisis if large numbers of retirees withdraw their savings over the next few years and with the mismatch / lesser amount from younger contributors...EPF may need to liquidate its holdings in the stock market (which might cause a stock market downturn) or borrow to fund this deficit. How is EPF going to solve this going forward remains to be seen. Giving high dividends might be a short-term solution to dissuade retirees from withdrawing and help attract more new contributors.
The CEO is the problem with what Malaysia is today. Sounds strategic when saying reinvent yourself, we should empower monarch, embrace change and creativity but all these are just meaningless pointers to sound good only but don’t yield results. Enjoying highly paid jobs themselves and always on moral high ground to comment on social restructuring while offering no real implementable solutions but just blame failures on politicians or others for policies. Politics is always entrenched in policies and you have no 2 ways about it. The comment on Singapore has lack people thinking out of the box is just laughable. You should always look at results. Singapore has greater GDP than us in an island with no natural resource. We have too many these elites like these up there making unclear decisions and wishy washy strategy while not knowing how to implement it and whether those strategy will yield any desired results. And the best part is after listening to this epf ceo, you have not even heard any meaningful advice to general public on how they should manage financially to retirement (aside from getting financial planner to look into it)😂. Thank god you are not in epf anymore and we should really depend on those professional investor in EPF that look into real data.
Agreed with your opinion, the abdooos malay are the problems and creators of the problems in Malaysia since NEP. They are big cards, seemingly nice packing, empty talks regurgitated ideas etc from the non abdooos Chinese etc but always unable to produce results. 🤣
Can the education ministry enlist those experienced and successful retirees to lecture on financial and creativity education in schools or other institutions pro bono.
The developed country's social security and retirement benefits can be thrown down the drain and Malaysia cannot follow such footsteps simply due to the changing demographics. There are fewer younger people and more older (retired folks). It is not sustainable to tax the young to pay for the old in any government. Older Malaysians need to take care of themselves and not expect the government to be able to take care of them. So early retirement planning is increasingly important. It is however heartening to see that many Malaysian (the host and guest in this talk show included) are putting their heads together to perhaps hatch out solutions/models that are unique to our Malaysian environment.
Since so many things pointing Malaysian don’t have enough saving after retirement and also country cannot afford paying for pension, what stopping us moving retirement age to 65 and beyond. Even the rich Singapore setting retirement to 67 or even later…
All sum up for bad planning and service, of why I consider won't join. My parents in critical illness 1. Father (kidney failure & dementia), my mom 4th stage cancer, I cannot withdraw my money to help my parents. An iceberg org.
young generation can't be bother with this treasure hunter ideas, best economy for Malaysian is agriculture need to work hard like the foreigners, Malaysia is not a high tech country,
More Malaysian need to listen to this interview and start thinking for themselves. Do not wait for the govt to spoon feed. Govt need to do better in the field of education if we are serious about getting out of the middle income trap
Wonderful! An eye-opening talk. Almost 40 years ago, I came across a saying in the Reader's Digest and it has stuck with me ever since - 'When the government takes over the responsibilities of the people, the people no longer take responsibility for themselves. This lack of accountability is one of the reasons for people's lack of financial stability. As Datuk Lee Chong Wei said, 'We celebrate mediocrity.'
Just into 10min...this guy is has the values insightfulness...respects for him
Love this interview!! So much depth, personal experiences and professional knowledge!! Tunku Alizakri has much to share with the public!!
Thanks for bringing in Tunku Alizakri in for the podcast. Our country definitely need more this kind of quality people to contribute for the betterment of nation.
Eloquent, articulate and expansive knowledge.. thank you for bringing zakri over, chuang..
Great discussion. Baju kemeja Batik Tunku pakai sangat cantik.
Fantastic interview with lots of insight, ideas and advice from Tunku. It's true that the Populist agenda is currently holding us back as a nation. Also, it was stunning to hear his opinion/suggestion on how the Monarch can take charge in setting the path of our country.
Subscribed! Thank you for doing this. Rare to hear such hard-hitting candour in Malaysian interviews anymore.
I wish I heard this potcast 20 years ago. I could've done things differently. Thank you Tungku Alizakri for sharing your financial experience and wisdom.
Hearing him, i feel that Malaysia still does have hope.
Kudos on another wonderful and insightful podcast on a very important topic. These issues underscore the importance of effective retirement planning and the need for individuals to prepare for their financial future in a landscape marked by uncertainty. His perspective is particularly relevant in the context of Malaysia's economic and demographic trends, offering valuable lessons not only for Malaysians but also for global audiences facing similar retirement and financial planning challenges.
I am so inspired by all that you have to say, Tunku. You have so much passion and hope for this country. I pray your passion and hope will shine through, the hopes of our people too. May this beautiful country regain its shine, its glory and its beauty.
Basically, financial knowledge should be taught in all schools in Malaysia.
Start Malaysians young !
Most Malaysians has NO idea on how to survive in life!
Never depend on anyone in life to survive!
Depend on oneself & LEARN & INVEST !!!!
Who to trust in life?
Reality is WORK till one dies !
Ringgit has dropped in value!
Moving to small towns!
RENT !
KL is too expensive to live in !
How?
My opinion.
Tunku is the best... understandable person
Financial education should be a core subject at school, on par with languages and maths.
I did not know there is a Retirement Advisory Service in EPF available for all until today. Thank you for sharing and the uplifting discussions 👍.
Enjoy to watch the interview. Very chill yet insightful and educational.😊
So much hope for Malaysia..very positive talks . Very Inspirational indeed!
Fantastic discourse. This type of education should start young and the best channel to educate our young is to start financial education in the school. A good way to start is to play monopoly with our children.
Respect him. Shared this video with my children
Love podcast smart guy🎉
Such a wonderful insightful sharing.
Learning a lot from this interview
EPF might be in crisis if large numbers of retirees withdraw their savings over the next few years and with the mismatch / lesser amount from younger contributors...EPF may need to liquidate its holdings in the stock market (which might cause a stock market downturn) or borrow to fund this deficit. How is EPF going to solve this going forward remains to be seen. Giving high dividends might be a short-term solution to dissuade retirees from withdrawing and help attract more new contributors.
The CEO is the problem with what Malaysia is today. Sounds strategic when saying reinvent yourself, we should empower monarch, embrace change and creativity but all these are just meaningless pointers to sound good only but don’t yield results. Enjoying highly paid jobs themselves and always on moral high ground to comment on social restructuring while offering no real implementable solutions but just blame failures on politicians or others for policies. Politics is always entrenched in policies and you have no 2 ways about it. The comment on Singapore has lack people thinking out of the box is just laughable. You should always look at results. Singapore has greater GDP than us in an island with no natural resource. We have too many these elites like these up there making unclear decisions and wishy washy strategy while not knowing how to implement it and whether those strategy will yield any desired results. And the best part is after listening to this epf ceo, you have not even heard any meaningful advice to general public on how they should manage financially to retirement (aside from getting financial planner to look into it)😂. Thank god you are not in epf anymore and we should really depend on those professional investor in EPF that look into real data.
Agreed with your opinion, the abdooos malay are the problems and creators of the problems in Malaysia since NEP.
They are big cards, seemingly nice packing, empty talks regurgitated ideas etc from the non abdooos Chinese etc but always unable to produce results. 🤣
Spot on 😂
Both can talk only la...that's for sure..n easy to blame the politicians la...
Very very insightful interview...thank you guys
Wow! Bursting with such great ideas.
It would be a great loss for Msia if Tengku dun sit down wiyh the policy makers.
Rafizi for eg.
One of the best podcast. Bravo
Can the education ministry enlist those experienced and successful retirees to lecture on financial and creativity education in schools or other institutions pro bono.
Keep up the good work !! TQ for going the Xtra miles 😊🍻
Smart chap
Very very good sharing!!
Good interview. Indepth and viewed from perspective. Hopefully the moderator allows Tunku to complete his thoughts with lesser interruptions.
Economic minister should seeks input from experience market leaders
very rare breed ..... should b in putrajaya
excellent talk n sharing his personal experience. lively interview . willing to share his experience.
Recorded on 10'51"on awareness lonely 😭..I was four children on as now proactive back..To produce and productivity😅.. Question ❓ can..
Brilliant deliberation.
The developed country's social security and retirement benefits can be thrown down the drain and Malaysia cannot follow such footsteps simply due to the changing demographics. There are fewer younger people and more older (retired folks). It is not sustainable to tax the young to pay for the old in any government. Older Malaysians need to take care of themselves and not expect the government to be able to take care of them. So early retirement planning is increasingly important. It is however heartening to see that many Malaysian (the host and guest in this talk show included) are putting their heads together to perhaps hatch out solutions/models that are unique to our Malaysian environment.
Even EPF Ceo still has a personal financial planner. Its both awe and wonder.
Is the Govt. creating an environment for people to plan their retirement?
How does EPF do it? Been paying abt 6% interest annually even during Covid years!
👍👍
The urban areas must wake up. Rural roads are in better condition
I was labelled stingy by all my colleagues for not changing where many have changed along the years
Bukan manjakan je ...takde tongkat attitude then only we can move forward lah boss.
Heard of k nan the great
Too much emphasis on I…. should be WE
Since so many things pointing Malaysian don’t have enough saving after retirement and also country cannot afford paying for pension, what stopping us moving retirement age to 65 and beyond. Even the rich Singapore setting retirement to 67 or even later…
Sg different citizens voted for it😂
All sum up for bad planning and service, of why I consider won't join. My parents in critical illness 1. Father (kidney failure & dementia), my mom 4th stage cancer, I cannot withdraw my money to help my parents. An iceberg org.
Why the hell is this Tunku NOT in the Madani Government!!!!
gomen got amir hamzah tho, ex epf ceo as 2nd Finance minister
No really accurate because many of the contributors have half way quitted and joined government sector or started doing business.
This is some low level strategy coming from this ceo
young generation can't be bother with this treasure hunter ideas, best economy for Malaysian is agriculture need to work hard like the foreigners, Malaysia is not a high tech country,
Exactly. We’re not solving the root cause of the problem, but consistently looking for new narratives without cleaning up the rot
Why shud humans work 16 hrs a day !
talking to the wrong group of ppl ...... go tslk to the gov ppl.........& east coast ppl. & up north.......
How to trust epf when najib can have easy access to it