is Early Retirement possible for Malaysians?

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  • Опубліковано 10 гру 2024

КОМЕНТАРІ • 110

  • @MrMoneyTV
    @MrMoneyTV  3 роки тому +5

    Register NOW with P10 Solutions bit.ly/p10launch2021 for their upcoming launch! 🤖
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    • @supercentenarianmalaysian3999
      @supercentenarianmalaysian3999 2 роки тому

      How save money and cash every 1000ringgits per month saving in sspni and sspni plus and prs affin hwang can i work and save at until age 99 years old so i retire age 100years old to 110years old above like that target retirement saving how much leh in prs affin hwang sspni normal and sspni plus my epf money saving only rm15000 am i dead yet in retirement saving now age 30or31 to 99years old save money cash for that then retire 100years old to live life longer at age 1113years old that supercentenarian unverified how people taking care their health like this super longest life you must see the youtube world 50 person supercentenarians age 110 and above you should see watch that too (50 supercentenarian unverified in the world)

  • @davidang8003
    @davidang8003 3 роки тому +84

    Really underrated channel. If you’re an American channel you will be popping

    • @MrMoneyTV
      @MrMoneyTV  3 роки тому +7

      Lol 😂 maybe we should speak like angmoh

    • @aidilizhan9729
      @aidilizhan9729 3 роки тому +10

      Yaa,malaysian not really care about this, but its good that mr money try to teach society

  • @QuikTips-x6f
    @QuikTips-x6f 3 роки тому +31

    Ever since your comparison video of MY and SG, I have been watching your videos. What I love is the high level of research, and realistic heart talk about the topics. I'm glad that you kept the average income in mind. Keep up the great work team!

    • @MrMoneyTV
      @MrMoneyTV  3 роки тому +4

      Thank you very much! :)

  • @nxdzwxn
    @nxdzwxn 3 роки тому +13

    You deserve a standing ovation. you educate people on how to live a LIFE. people really need to stop living up to social expectations. society is not the one who feed them anyway.

  • @RayMak
    @RayMak 3 роки тому +2

    Work life, integrated

  • @Haziqueify
    @Haziqueify 3 роки тому +18

    I'm 25 now and they say life begins at 40. So that's about 15 years to go. Not too early an not to late 😍

  • @sentiasatransformasi
    @sentiasatransformasi 3 роки тому +27

    my dad retired at his early 50s n now makes money through investments n agriculture businesses that he had been wanted to pursue. now my target is to retire at 41 n open my own luxury watch shop without worrying abt the bottom line too much

    • @MrMoneyTV
      @MrMoneyTV  3 роки тому +6

      Wow! Thanks for sharing! I’m sure you are otw there!

    • @popocucu7749
      @popocucu7749 3 роки тому +2

      Good option. You can start via online

  • @scg9065
    @scg9065 3 роки тому +20

    Great video. Maybe can do a video on good places to retire in Malaysia for Malaysians with low cost of living next? 🤷‍♂️

  • @Nathan-rp8cg
    @Nathan-rp8cg 3 роки тому +27

    Retiring at 30 is just a myth for most of the Malaysian not everyone can afford it ,first off all our basic salary for fresh graduate never increased even after 10 years. And many choose to withdraw money from EPF acc 1 during pandemic . Best part many don't have EPF "at all". I think this video is more suitable for middle or upper class family and kids who born with silver spoon. Soon Malaysian will try to work in Thailand or Vietnam, look at our neighbouring countries performance and our ringgit depreciation . Some of the tips for saving money are useful, but at "majority side" this would be great joke to certain handful of Malaysian ,who still struggling to make ends meet.

    • @starstriker1881
      @starstriker1881 10 місяців тому

      Had to disagree with u at some parts of your idea. Perhaps most msians can't afford that's because its too far-fetched for them. But its still possible to do it without a born with silver spoon or well off families. Its all about timing and discipline. Start side hustling during college times , save up money and start investing as early as 19-20years. Once they graduated, live below means frugally while continue to earn more and save more. Money compounds. Even better follow the example of the video to live in rural town and save up...there are however conditions this might not be achievable e.g. earn average income while getting married early and have children before 30, high parent dependency and health issues. So its all about choice plus little bit of luck to make it through

  • @kahhou6399
    @kahhou6399 3 роки тому +6

    sit thru the whole video guys, the advice at the back very good

  • @iLengzai
    @iLengzai 2 роки тому +1

    good content. just discovered your channel, good to see there's malaysian content creators like you making quality stuff like this

  • @eugp4198
    @eugp4198 3 роки тому +16

    After going through this covid period, I give myself another 5 years to be "financially independent" as job security is very vulnerable..
    People should have learned from this pandemic and start thinking on our financial health..

    • @MrMoneyTV
      @MrMoneyTV  3 роки тому +2

      All the best!! Looking forward to hear ur updates!

  • @Itsaiful
    @Itsaiful 3 роки тому +4

    Love your channel.. this is what advise we need.. not simply tell us to do this and that.. but you give us a simple advise but really make sense and I think everyone can do it

  • @luqmanabdul5961
    @luqmanabdul5961 3 роки тому +2

    This videos fixing my mindset.. thanks.. I already got this brilliant ideas.

  • @RangoIcyCresent
    @RangoIcyCresent 3 роки тому +6

    Change the way of thinking really helps me get out of these rat game mindset, thanks folks!

  • @interactiveledger8990
    @interactiveledger8990 3 роки тому +8

    In the end it's about the mindset that you have that determines whether you can achieve FI/RE.

  • @imngaming8147
    @imngaming8147 3 роки тому +10

    Great video! Completely agree on emphasising on what really matters in retirement and redefining what retirement means.
    I'm working in an industry I'm passionate for, I'm hoping to continue working even after "retirement" without the worry of money on my mind but just enjoying the work.

  • @WorldIsNotCruel
    @WorldIsNotCruel 3 роки тому +7

    I'm 25 now and jobless but got 1 btc,55k insurance and 200k asbf. Jobless after accident on 2020, but i would be looking for a factory job next year to save some for ethereum and other portfolio.5 years to go and dont know of i can achieve my dream but my advice is every Malaysian should start investing and stop too much spending. For lifestyle try to keep it simple dont put all fund on that, i just got old myvi lol🤣🤣

  • @canethken2344
    @canethken2344 3 роки тому +3

    thats an eye-opening perspective on retirement!

  • @YinHoweMagic
    @YinHoweMagic 3 роки тому +8

    I always wanted to be a Magician when I retire. :)

    • @dukh4024
      @dukh4024 3 роки тому

      Pursue your dream. But first, financial freedom :)

  • @razmiihsan8897
    @razmiihsan8897 Рік тому

    😂😂😂 MasyaAllah. The last part really caught me off guard. I have the same understanding of retirement. I never tell anyone about it. Because I think people will redicule me. Thank you very for putting this idea of retirement out.

  • @azamnasir2979
    @azamnasir2979 3 роки тому +7

    that's true. I don't really want to be a multi millioneir, I just want to live my simple life without worried about money.

  • @vineshrajoo2805
    @vineshrajoo2805 3 роки тому +5

    Thanks for another great video, boss. Anytime is a good time to save money. If you have not started yet, start now. Always remember that one does not need to be filthy rich to enjoy life .For example if, you want to have a paid vacation in Australia, just work as a fruit picker in Australia.

  • @ownthegame3
    @ownthegame3 3 роки тому +1

    great video
    many stuff mentioned is applicable beyond Malaysia.

  • @rayson0101
    @rayson0101 2 роки тому

    It's so nice to watch this video, it's also good to know that I'm actually on the same page of what you've just said. But I've started late compare to my same age friends. But I won't give up! Thank you for making this video. I wish you good health and good fortune.

  • @kyra8158
    @kyra8158 3 роки тому +3

    Nowadays living in a city or nearby with income about RM5000 is just enough "cukup-cukup je". Most employer give overload task but paying below RM5000. I really demand and won't take offer below RM5000. I use some of the money to buy stock.

  • @pojiekolarious
    @pojiekolarious 3 роки тому +1

    Great content on retirement strategy.

  • @isearchmalaysia
    @isearchmalaysia 3 роки тому +1

    The Graham Stephan of Malaysia!

  • @TheAshaari
    @TheAshaari 3 роки тому

    Terima kasih....atas nasihat ..good

  • @haikalt.9279
    @haikalt.9279 3 роки тому +1

    the first step of achieving financial freedom is by watching Mr Money TV

  • @3xLuffy
    @3xLuffy 3 роки тому

    The heavy duty is always the assests debt. Once is out the roads are clearer..getting a job and doing it well is to learn all the processes and when your debts are cleared, then can start something similar.

  • @ryankoh2606
    @ryankoh2606 3 роки тому +4

    in your video, are you referring to 2 sides of Fire? The person that work in the brewery.

    • @mak99344
      @mak99344 3 роки тому

      I think in the brewery case, is called barista fire, which is having enough money saved to switch to part time job or job that you like but pays less just for the additional income and health insurance

  • @ahmadfawwaz3443
    @ahmadfawwaz3443 2 роки тому

    Very good content bro

  • @victorng2344
    @victorng2344 3 роки тому

    Enjoy this content so much

  • @niidaimehokage5731
    @niidaimehokage5731 3 роки тому

    very good video... i live in tikam batu, and it's near sg petani city, in this place the cost living is low

  • @bryanlow7534
    @bryanlow7534 3 роки тому +2

    Can you do a video on Malaysia’s business law

  • @dukh4024
    @dukh4024 3 роки тому +4

    Every time i feel hopeless to achieve my early retirement, I'd watch this video just to get my motivation back. And stick again to my origin retirement plan.

  • @uzairmohamadsalleh2314
    @uzairmohamadsalleh2314 3 роки тому

    Sungai Petani not really a rural town...however, house rent and food definitely cheaper there compared to Penang.

  • @syamim9569
    @syamim9569 3 роки тому +1

    brother canada yg mula2 tu hampir sama dgn saya..berjimat cermat,kira setiap pembelian..berfikir utk saving and invest..walaupun kerja saya gaji kecik..tapi saving and investment agak besar,umur 24 nak masuk 25..tapi cita2 saya berbeza sedikit..mahu berkerja walaupun dah berusia 60 tahun keatas..dan nanti kalau dah kahwin dan ada anak,nak ajar anak tentang saving,dan beli emas 999 dan simpang..cita2 saya nak jadi org yg boleh memberi inspirasi pada org lain..saya juga tahu membezakan antara kehendak dan keperluan..saya dah ada target 10 hingga 30tahun akan datang apa yg perlu saya buat..dan ia bermula pada tahun ini

  • @charmemez
    @charmemez 3 роки тому +1

    Hahaha siao liao the opening. I cannot.

  • @369lzx9
    @369lzx9 3 роки тому +1

    I am a retiree,but I enjoy your video.
    Are you sure Sg. Petani is a rural town? I doubt.
    \

  • @bobel30
    @bobel30 3 роки тому

    Enjoyi ur video man… word ad suit with me, subs

  • @shandy_6733
    @shandy_6733 3 роки тому +1

    Recently i got raise my paycheck save more for the early retirement 🙌

    • @MrMoneyTV
      @MrMoneyTV  3 роки тому

      Someone on the way to retire well

  • @shanboonchia8660
    @shanboonchia8660 3 роки тому

    Inspiring

  • @hople4825
    @hople4825 3 роки тому

    Wow, that's great

  • @kamelberlime3532
    @kamelberlime3532 3 роки тому

    This is the underlying issue that many people didn't realise what retirement is, some people are naturally already having the relaxed lifestyle of not worrying about money, save up, lower expenses but most them dont even know what they are doing can be like Money Moustache who ends up getting richer.
    I know i repeat but this shows that do what you do best and be damn good at it.

  • @anown315
    @anown315 3 роки тому

    Thnx for info

  • @whtan1815
    @whtan1815 2 роки тому

    Critical missing part is how to support retirement life of 40+ or 50+ over years with RM600k at withdrawal rate of 4%, not yet factor in inflation rate and tax. Is RM600k really enough? Content of another video, perhaps?

  • @firstimer
    @firstimer 3 роки тому

    Peace of mind when retirement.

  • @iruzmazgnawa7846
    @iruzmazgnawa7846 2 роки тому

    Yes...i did the same

  • @roadcatastrophic7291
    @roadcatastrophic7291 2 роки тому

    Where got 50 sen teh tarik 😂 no longer exist.
    Oh I know satu kedai uncle at Melaka, between cimb bank and public/city bank (i think) got small warung mamak, 50sen nasi lemak, teh tarik maybe 1 ringgit in 2014 2016 during my diploma study.

  • @SaadonAksah
    @SaadonAksah Рік тому

    Saving 80% of income! 😱

  • @yusrijamaludin
    @yusrijamaludin 2 роки тому

    Good advice but it is hard for me to have cooperation with family. :(

  • @rayallan3650
    @rayallan3650 2 роки тому +1

    retire in 30s single or with family ? both very different thing

  • @mohdhairy9691
    @mohdhairy9691 2 роки тому +2

    600k to 700k in your saving and also without debts..u can retired peacefully😅😅😅😅every year u can get your dividen around 50k per year...easy money and enjoy your life using dividen money😅😅😅😅

  • @vzeravuztpradis3055
    @vzeravuztpradis3055 2 роки тому

    Is it your friend is a government teacher? I wish that I can follow his path😂. But sadly I currently work at city and seem 3k is not really enough. Wish me can transfer to a rural towm(low expenses town)

  • @HaoJieChan
    @HaoJieChan 3 роки тому

    Wait, Sg Petani is considered rural?

  • @izzuddinmnasir4884
    @izzuddinmnasir4884 3 роки тому

    Ans:yes as long as after school

  • @cibaichow4924
    @cibaichow4924 3 роки тому

    I want to have this kind of financial freedom, but my first target is to pay my debt 10 years from now.

  • @maxlee8371
    @maxlee8371 3 роки тому +1

    I lost my job during the mco. I have to start to do online business for full time. Now I am already half retired at 29 yo as my business is thriving during the MCO. Just start a side hustle and work on it after your 9 to 5 job, you can retired early for sure.

  • @mahweigiap
    @mahweigiap 4 місяці тому

    Ah! Retiring in my 30s, I'm half way there (...already in my 30s)

  • @rommelcheah87
    @rommelcheah87 2 роки тому

    Sungai Petani is not a rural town....

  • @mikemitra1927
    @mikemitra1927 3 роки тому +1

    Quick Question, How decent is 18,000 MYR/Month for someone with 8 years of experience, living in KL ? Thanks . What kind of lifestyle /living standards could I expect ?

  • @JasonChowTV
    @JasonChowTV 3 роки тому

    i retired at 23 and im malaysian. 30 is the best u can do?

  • @nbx8240
    @nbx8240 3 роки тому +1

    I will say no cause they study up to 20 if u study at igsce level and if u study from spm diploma and degree it will be 22 realistically u cant unless ur parents super rich than it is other story

  • @G-Vecom
    @G-Vecom 3 роки тому +2

    not in malaysia huhuhu

  • @yesmovement5805
    @yesmovement5805 3 роки тому

    Meanwhile me, Wednesday, Saturday, Sunday and sometimes Tuesday...

  • @Karan-ic7zr
    @Karan-ic7zr Рік тому

    👍🏼👍🏼👍🏼

  • @DT-hc4vp
    @DT-hc4vp 4 місяці тому

    Some rich pampered children don’t need to work at all. I envy them but don’t wish to be like them haha!

  • @uncletee100
    @uncletee100 3 роки тому +1

    good content overall and all. but bruhhhhhh did u just call sungai petani rural????? ahahahaha

  • @cheryee3659
    @cheryee3659 2 роки тому +1

    Do your own research before making any decisions= 280mil tabung gone where 😂

  • @johnritch1276
    @johnritch1276 3 роки тому

    Im 35 , and im not fucking retiring

  • @KelvinLew
    @KelvinLew 3 роки тому +2

    Easy, buy Tesla now.

  • @zulkiflyhjali5142
    @zulkiflyhjali5142 3 роки тому

    👍👍

  • @bowlampar
    @bowlampar 2 роки тому +1

    Retire in 30s , impossible at all for each commoner in Malaysia.🤢🤢

    • @bowlampar
      @bowlampar 2 роки тому +1

      Should consider myself lucky if still hold on to a job after 80 years old as a Malaysian. 🤥

  • @janicechen5268
    @janicechen5268 3 роки тому +1

    Rm600k not enough to last till old age. Lol

  • @ezudyn
    @ezudyn 3 роки тому

    You can retire from money start 30 ringgit but CAN'T retire in knowledge.

  • @cwcheng13
    @cwcheng13 3 роки тому

    correction: they have divorced

  • @whitefang924
    @whitefang924 Рік тому

    I already retired at 28.Bought a house to turn it into my first business,have a large amount in savings with anual dividends and currently growing my wealth through stock market and online trading.Sad thing is that common mentality among malaysians is that they are afraid of venturing into business out of fear of risk vs working for a fixed salary.But not for me,why should i kill myself making someone else rich when i can make myself rich.

  • @bullrocket1939
    @bullrocket1939 3 роки тому

    Lol just buy bitcoin you'll retire pretty fast, prob top out at around 140k next year

    • @bryce02
      @bryce02 2 роки тому

      this did not age well........

  • @visualnanas9199
    @visualnanas9199 2 роки тому

    so the whole point is to convert lifestyle to beggars😂

  • @markvms4377
    @markvms4377 2 роки тому

    I like laughing at bolehland people

  • @msah.fitribahari9022
    @msah.fitribahari9022 3 роки тому

    jobless in 30

  • @kikachou7886
    @kikachou7886 2 роки тому

    What a waste video😂. Get your facts right. They worked and live in USA. Just doing antics is not enough on UA-cam 😅😅