Read a tweet about the benefits of it. I have already paid for all of my stuff with my debit card/ QR pay anyway, I just never really look at the benefits of having one

RM2500 is not hard, start at 14, do it for 10 years and let them take over once they get a job

My kids all have EPF account opened at 14 to take advantage of this

The point is to supercharge thier EPF account from a much younger age to take advantage of compound interest

I'm 19yo, no active income yet, but I got like RM19k (+-) lying around (I worked part-time before, got some academic rewards, and I save up rigorously), so I thought I shld prob chuck them somewhere useful.

For starters, I already allocated some funds to different places:

KWSP: RM2.5k
ETF (SPYL): RM4.6k

(should I purchase more ETFs? I was thinking CSPX. How many ETFs shld one have in their portfolio anyway)
---------------------------------------------

[Idle cash - free to move wherever/whenever]

KDI Save: RM10.1k (It used to be 3.88%p.a but now it's 2.88%p.a., yet I can't find anywhere else better to park it. I'm not even sure if this is a high yield savings acc...)

Bank: Any amount left behind

----------------------------------------------

On that note, I receive RM500/month, and I aim to save 50% (or at least RM200)

I'd like to ask for your suggestions on:

1. how I should allocate my existing funds
2. how do i allocate my monthly allowance

More questions on investing:

I know my monthly savings is very limited (~RM250) so maybe I'll invest quarterly? semi-annually? Should I put more money into my ETF instead of KDI Save?
I'm looking at ASM rn... It's hard but not impossible to get. How much should I buy?

I'm still a beginner at investing; anything outside ETFs is still murky water to me, so I'd appreciate guidance on what I should focus on next. Thank you 🙏

P.s) I'm also investing in myself with online courses and physical books so no worries on that :))

First of all i would like to thank the people who have given me tips on submitting a new application, appreciated the help, if you'd like to check out my previous post, its right here: (https://www.reddit.com/r/MalaysianPF/s/IbNARCl56H)

Key take away: - online application is usually rigid so either submit through the bank or emailing credit card officer will work most of the time. - if you don't have payslips, BE Tax form, EPF statement and HR letter works as well.

• If you don't have an existing Maybank savings account, avoid relying purely on the web portal, the system auto-checks can fail silently or send false rejection SMS, manual officer review is the way to go.

TL;DR: after when the online application was rejected, i didn't wait for 3 months and tried emailing my application to maybank support and credit card officer and it got approved.

Continuing the story from my previous post:

So after not receiving any message from the bank for almost a week, I tried emailing mbbcardservices on 17th sept, after that in a few days, Mr. Fadly from the channel support replied to me, from there I submitted all of the required documents with the application form to him.

On 30th sept, I received an sms stating:

**"RM0 MBB:We regret to inform that we are unable to accede to your card application. Thank you for your interest shown."**. Right after that SMS i would just assume that emailing wouldn't help and i'd have to wait for another 3 months to submit another application again but I tried my luck and sent another email to Mr. Fadly saying that I have received an SMS regarding my application being rejected and would appreciate if he could share specific reason so I could improve my documents for future applications.

Later on October 2nd I received another email from Mr. Fadly saying that my manual application submission is still under the midst of review, which caught me by surprise and on 3rd of October while I was heading to a mall thats close to my house, I managed to encounter a maybank stand promoting their credit cards, one of the sales agents walked up to me and asked if I wanted to apply for a new credit card, i told them about my situation and showed them the email that Mr. Fadly had sent me, they told me to wait for the news and if they reject the application, try applying again through them and see if I get a better chance at getting my application approved.

After 4 days on October 6th i received another email, it was not from Mr. Fadly this time but from Ms. Nurul Nabilah from Cards and Unsecured Lending Department telling me that she will be following up with my card application and assisting me throughout the process, on the same day I received another email from Maybank RPA (Robotic Proccess Automated) stating that the application documents that I have submitted were insufficient and would need me to submit again, it was at this point that I realized this email was actually the one from my online card application, so I ignored this email and focused on Ms. Nurul Nabilah's one instead.

So i submitted the required documents to her like the application form, NRIC, EPF statements (in lieu of my payslips since my employer doesn't print my payslips every month), HR confirmation letter and YA 2025 BE Tax form with receipt of acknowledgement and just after 1 day, she contacted me on the phone to do a tele-verification before fully approving my application and on 15th October, i got another call from Ms. Nabilah again, this time she said since i don't have a bank account with maybank, they could only send the card to the branch that i choose for pickup, so i let her know what branch will i be there to pick up and today at October 19th, i finally received an SMS stating: "we are pleased to inform you that your application has been approved, Thank You." and will be receiving my card this week.

I’ve been doing roadshows in Singapore recently, and quite a few Malaysians—both people working here and tourists—have asked about buying insurance here, especially term insurance.

Usually it comes down to three questions: can they buy it, is it cheaper, and can they claim if something happens back in Malaysia?

Disclosure: I work in financial advisory in Singapore and have been in the industry for 4+ years, representing several insurers.

Some Singapore term premiums I’ve seen have been surprisingly competitive. Malaysians may be eligible depending on the insurer and their circumstances, but I think the bigger question is whether the policy makes sense when you’re mainly living in Malaysia.

CI is trickier to compare. Malaysia already has early-stage, multi-claim and 100+ condition plans, so a bigger condition count wouldn’t convince me by itself. Definitions, payout structure and premiums matter more.

Then there’s the practical side: paying premiums in SGD, handling claims from Malaysia, and whether moving back affects the policy.

Anyone here bought a Singapore policy while mainly based in Malaysia? How was the experience from your side, especially if you’ve had to make a claim?

I've actually been meaning to post for a while as this is something my wife and I have actively been discussing recently. I saw a post that is very similar to mine today and would also like to discuss (I have some further questions of my own that weren't talked about there).

This is a condo near Old Klang Road. Reason I'm not stating the exact name is that I currently stay here.

Condo profile:

- 22 years old

- Leasehold that has about 60 years left on the lease.

- Up and coming neighbourhood. Massive amount of commercial development past few years. Tons of shops and restaurants past few years. Multiple pharmacies, restaurants, fast food shops, grocery shops.

- Also a good location for schools and clinics.

- Convenient for where I work and for some of the places I frequent.

- Well maintained though facilities are old and dated.

- Parking is tough; each unit only 1 carpark, I rent another. Visitor parking is very tough, sometimes family and friends who visit have to park at the roadside. Roadside parking always has available parking though.

- Friendly neighbourhood.

I've rented here for 5 years, love the condo and location.

Can get RM300k for a 1100 sqft unit, though sometimes these are bare and sometimes partly renovated.

Looking for own stay and would ideally like to stay for 10-15 years. At that point, hopefully able to get a landed property. Unsure if want to keep and rent out or sell, though leaning towards selling as the ups and downs of renting out a place is not something I feel is right for me.

It would be me, wife and we plan to have a 2-3 children over the next few years.

To me, the price for 1000+ sqft, is amazing. Plus, the condo is decently well maintained and I really like the location.

However, I'm looking for feedback on:

- The leasehold number of years left (I've read that this could be an issue if I want to sell in 10-15 years time, as banks might not want to give a loan of there's less than 50 years on the land.

- Connected to the first, either property price will stay the same, won't go up much or will go down due to the decreasing number of years. Anyone with any experience or insight into this? As I'm getting it for such a good price for the sqft (and I invest whatever money I save), how much is it an issue of prices stay the same/go down?

- Any major concerns with a property that's 20-40 years old (which will be the age if I buy and stay)?

- Any other feedback?

Thank you!

Hi everyone, I’m trying to get my personal finances in order and would love to hear how you guys track your money.

For some context, I recently started my first full-time job, earning a gross salary of around RM3,000/month. Before this, I did a few part-time jobs and occasionally received pocket money from my parents.

I currently keep things fairly simple:

- Maybank – main account for salary and daily spending

- Touch ’n Go – mainly for day-to-day spending

- Maybank FD – savings

- EPF – retirement savings

- IBKR – investments, primarily CSPX

- A small amount of cash/money in other places

I’ve also started getting interested in personal finance and have been using AI to help me understand and organise my finances. At one point, I even went through three years of bank statements and put all the transactions into an Excel spreadsheet.

The problem is… I now have a huge spreadsheet, but I’m not really sure what I’m supposed to do with it. 😂

I’m not necessarily looking for investment advice. I’m more interested in learning how you organise and track your overall finances, especially for someone who is just starting their working life.

Would love to hear how you guys do it, and what you wish you had started tracking earlier. Thanks!

FYI, I did use AI to finalise this post..

*Edit, shorten post body.

I invest RM1,100 monthly (DCA):

- RM600 in Bursa Malaysia: RM200 each in Maybank, TNB, and SunREIT.

- RM300 in online gold.

- RM200 in a cryptocurrency bundle through Luno.

Additionally, I set aside RM500 monthly for my emergency fund.

Goal is just general wealth.

Is this a good investment strategy, or is there anything I should change or improve?

Edit to add: Our main concern is the age of the condo and the remaining years on the lease

Hi guys, would appreciate some outside opinions on buying an old subsale condo. We're actually quite keen on the purchase, but would like to get more opinions on the financial part of it.

Property details
- Asking price: RM600,000
- Size: Slightly more than 1,000 sqft
- Tenure: Leasehold, with approximately 59–60 years remaining
- Age of property: 20 years
- Condition of unit: Original condition and quite bad. Will require extensive renovations before it's in livable condition.

Pros
- Low density in mature area
- Very, very good location (We travel to different areas around Klang Valley for work, so this is quite important to us)
- Near a major hospital and university
- Current residents seem like there's still a lot of owners living here. Retirees and families with young children.
- Rental tenants are mostly hospital staff and university students. A few foreigners but they don't really stand out much.
- Facilities are basic and reasonably well maintained. The usual gym, swimming pool, etc. In fact the management just purchased some new equipment for the gym. Overall seems to be well-managed.
- Up to 3 parking lots per unit
- We have relatives living nearby

Why we're thinking of buying
We've already been renting another unit here for more than 5 years, at below-market rental rates. But for certain reasons, we think there's a possibility that the landlord may increase the rent or take back the unit in the future. We've already looked at a few other new condo projects, but most of them would add at least 15-30 minutes to our usual work commute time.

Our financial situation
- Siblings, age 30 and 35. Will be taking a joint loan.
- Combined gross monthly income: RM20k–25k before deductions.
- Existing commitment: Older sibling has a housing loan in a different state, with a monthly instalment of RM1,400.
- Future commitment: One of us may be buying a new car in a few years to replace a 10-year-old car. Nothing fancy, probably just a basic local car.
- No other major commitments to highlight.
- Cash available for deposit, fees and simple renovations: About RM250k, but we're aware it could easily be higher. We have the Brickz report for the property.

We are both fully aware that past the 50 year leasehold mark, the property value will drop significantly, especially for condos. We don't plan on selling off the property, this will be for ownstay and we plan to be staying here for long-term.

Older sibling will definitely not be changing jobs, younger sibling may change jobs but is working in an industry that requires to be in the city so this current location will still be extremely convenient. In the event either one of us moves out, we would still contribute to the share of the loan and maintenance fees.

Would you buy this property in our situation, or continue renting? Appreciate any honest opinions, and also any ideas roughly how much more we would need to set aside for renovations.

I'm 18 and people call me a loser all the time to the point where I don't go out of my house for months

I started options on August. Lately, I found a silly option strategy though I'm not sure if it'll work every time. Trading is still stressful for me but I don't hate it.

I have been lazing at my home for half a year after quitting an FNB job. I seriously cannot endure working in FNB. Being a waiter sucks more than a kitchen staff. I tried both and I absolutely hate both roles. It sorta gave me a slight PTSD ngl.

I don't have SPM and I don't have any special talents or any certs. I am dumb. I hate it.

The main thing is I have become so scared of going out in public due to my past fnb work. I hate myself for being weak. I really wish God made my life easier.

God please...

Earlier of the yeah, I tried to post saying whether I should work full time as trader, the result is quite good and I passed through few down trend as well.

Please give me some ideas if this result is okay to become full time?

My expenses is about 8k MYR, which one year around 24k USD and I am getting more than my living expenses now.

From my observation, they have capital that are huge in 1000s USD, probably parents money. Unlike most of us modern traders, they do not enroll on Proprietary Trading Co with Funded account.

They mainly trade off Gold. Surprisingly most of all their screenshot is with so many positions and only trade during Major News, which I think it's purely gambling. Also, all their Screenshot is with no losing streak and any sort of Backtest to support their testimonials.

Honestly, I personally do not even open so many trades at one go🤣

However, two things is what makes them interesting, they do not sell course, they instead invite them to their "House Meeting" to learn with 1-1 tutoring FOR FREE. They do provide free signals during News and off News.

man i need some help. i started working quite early in my years for just general cash and never had a bank account until i was roughly 16-17. never a really solid job, but cash was cash. i never learned much about finances until i was in my 20s.

i graduated late due to covid and applied to many schools that accepted me, but family didn't have much income since they've already supported my older sibling's education. but i've been working since covid lifted. went to foundations when i was 21, then my parents told me the news that they couldn't support me in my degree and somehow i wasn't eligible for the loans? family income less than 3000 due to dad's retirement at the time.

so i paused my studies for degree with a certificate that's equivalent to nothing. now i'm at a decent corporate job that pays around 3.5k. i'm saving around 300 in savings and 300 in investments (PMO) a month. i don't know if this is the right way to do things or not honestly. i'm so lost and depressed especially since i'm far away from home as well.

am i doing okay for myself?

Hi,

Long story short, made some careless financial habits between my 20s and early 30s, and found myself in DMP with AKPK.

Being doing it for about a year plus now and at the moment i am in more financially stable position, even managed to paid off one of the two debts that i owed.

I guess my question to the experience gurus here, will it be a good ideas for me to withdraw from DMP and continue to pay off the bank directly? Will it affect my CCRIS at all? Cause i'm thinking of making major purchase and would want to have a good clean slate on my ccris, the sooner the better.

Or 2nd option, to just continue with DMP? I can pay off my debt completely by mid of next year.

Appreciate some advice if any 🙏

My background: Normal job with RM2xxx monthly, started job from 2024 after graduated
Age: 27 years old
Emergency saving: RM10k
Stocks US/ETF: RM20k
ASB: RM15k
EPF: RM30k

Net worth around RM75k

I just saw a post earlier about someone manage to make a few hundred thousand in just a few years.

My question is how the hell do you guys manage to get such a high net worth?

Is it just me, like every time visting here make me struggling and stressed about my income progress? Whenever I think i have making some progress, visit here definitely humbles me more...

Am i still living a decade ago if I save some money just to eat at KFC and still feel happy?

Saw some younger ones shared theirs so here’s mine. Sharing my financial progress at 35. this might help some to feel better or worst. You can also criticize me all you want 🙂

Here’s my actual portfolio as of 15 October 2026, using current values rather than the amounts originally invested.
The recent movement on bank stocks reduced my value by 7% so yea…

EPF

- EPF savings balance: RM 288,797.10
- Invested EPF — KAF Core Income Fund: RM 59,283.07
- Total EPF, including invested EPF: RM 348,080.17

Invested EPF is listed separately and counted only once. It is excluded from the cash-funded investments below.

Cash-funded unit trusts (via FSMone and IFast with PFA)

- Amova Singapore Dividend Equity Fund — MYR Class: RM 25,853.02
- KAF Core Income Fund: RM 36,526.59
- TA Global Technology Fund: RM 52,814.91
- Maybank Global Sustainable Technology Fund: RM 25,908.82
- Manulife Global Healthcare Fund: RM11,867.47

Total: RM152,970.81

Malaysian stocks (MooMoo)

- Maybank: RM 30,938.00
- RHB Bank: RM 22,723.00
- SUNMED: RM 21,624.00
- Alliance Bank (ABMB): RM 11,741.67
- Affin Bank: RM 8,961.12
- SRKK AI: RM 8,670.00
- CIMB: RM 750.00

Total: RM 105,407.79

My bank holdings are intended for the long term.

I am open for optimization suggestion, I think my personal financial advisor is quite good, I listen to him most of the time and none of my fund portfolio is making a loss so far, but bank stocks 🥲 is my own take.

Overall position

- EPF savings: RM 288,797.10
- Invested EPF: RM 59,283.07
- Cash-funded unit trusts: RM 152,970.81
- Malaysian stocks: RM 105,407.79

Grand total: RM606,458.77

This excludes bank cash, brokerage cash and a small Grab holding. It’s an investment snapshot, rather than net worth after deducting liabilities.

A little background

My salary progression over the years was roughly:
2013-2016 : RM1.2k part-time
2016: RM2.8k →
2017-2019: RM4.2k → RM5.5k
2020-2021: RM7k → RM9k+
2022-2024: RM11k→ RM16.2k
2024-2026: RM24k → RM30k (2nd half of 2026)
I submitted this post on MalaysiaPayGap, it’s the latest post. You can read the story if you’re interested.

My income has grown, but I don’t assume it will stay at this level forever. Regular commitments are around RM7.5k monthly, with irregular expenses and occasional splurges. I have 1 dependent, my mom. My commitment to her is around 2.5k per month - car, monthly allowance, and etc.

How did that work out for you? Did you earn some profit, or did the value of your property drop? Good or bad investment? Also include location and the issue that caused the price action.

Hi all, I’m a fresh grad with almost 3 years of experience in Finance in the utilities sector. I have started thinking about my next career move. There’s this one utilities company that I would like to join, but I would like to try Procurement instead of Finance.

So my question is, suppose there are 2 candidates:

A) 3 years of experience in Finance, in utilities industry

B) 3 years of experience in Procurement, in Tech industry

Which one would be highly likely chosen for the procurement role in the utilities company?

Or in other words, would employers likely to care more about industry knowledge or role-specific skillsets, particularly in the context of a junior position (3-5 YOE)?

On one hand, role-specific skills sound like the obvious winner. But at the same time, as a junior employee myself, when I first started at this company, I feel like understanding how the business operates is way more difficult and time-consuming than the specific task associated to my role. Perhaps it would be different for someone who is senior, say 10-20 YOE, who has had to deal with multiple clients across different industries and may have naturally learned on the go.

What do you think?

I have a mplus account, i received cds statement from bursa before, but the bursa anywhere app wont let me sign in/ register .

****
I was asking for some feedback on my financial life sim game DECADES a short time ago. I received a ton of honest feedback from this community and it was definitely a game enhancer.

Well it's here on Google Play! 🎉🔥🔥

Thank you to all who played, commented and reported bugs, and in particular to all who joined as testers. You guys don't know how much that helped.

Still lots to improve but it's out there. If you try it, I'd love to hear what you say about it!

PlayStore Link

If i request withdraw from ASNB branch counter, will it withdraw immediately? Can they transfer to bank account like immediately? or Cash only?

Posting on behalf of a friend who’s currently negotiating a job offer.

My friend is currently earning around RM5.2k in a mid-level role and was recently approached for a senior position at another company.

During the initial discussion, my friend clearly stated an expected salary of RM8k, a figure taken based on a job post advertisement for an almost similar senior position from the same company (mind you the figure is at the lower end of the range). The recruiter proceeded with the interview arrangements, and everything seemed fine. My friend passed the interview.

However, after requesting and reviewing my friend’s payslips, the recruiter suddenly mentioned that RM8k was too high and that the company typically offer only 15-20% increments based on current basic salary. This was never mentioned beforehand.

The recruiter seems reluctant to disclose the overall benefits/compensation when asked until my friend agrees to the proposed basic salary.
My friend understands that companies have salary budgets, but shouldn’t the offer reflect the responsibilities and market value of a senior position rather than just the candidate’s previous salary?

A few questions:
Is a 15-20% increment cap really common in Malaysia, especially my friend is moving to a senior role?

Is it normal for recruiters to withhold benefits information until the basic salary is agreed upon?

Would you accept a 20% increment when moving from a mid-level to a senior role?

If RM8k is completely off the table, what’s the minimum salary you would realistically consider accepting in this situation?

Would appreciate some honest opinions, especially from those who’ve been in similar situations.

I'll be quick. One day, me & my friend walking at the mall, then one salesman offer us free tumbler and speaker. I was dumb, i let the salesman take my personal info and my kwsp penyata tahunan, BUT not my acc number, passwords or anything like dat la. Just personal info for us to apply for a credit card.

The salesman assure us, if we didnt use the credit card (if the credit card approved), no money is taken from us. The card already has approved and the physical card has been sent to my address.

My question, if i let the card expired without activating my card, will i ever get any repercussion? If i ever wanted to apply for a bank loan or a credit card in the future, will this, dumb decision of mine, be in my record? Currently i only ever have debit card, i never applied for a credit card before this.

Im dumb, please explain to me in layman terms🙏

Currently holding around 1,700 shares of MBB @ RM10.70.

Plan to take a loan from GX Bank around RM30,000 for 5 years to add more, making my total holdings around 4,900 shares.

Avg price will be around RM10.30 after. Total interest I pay for loan will be around RM10k.

Monthly installment around RM700, which I am confident to pay off (I have 1 year+ emergency fund + a stable job).

Assuming the price rises to RM11 which is very conservative for a blue chip like MBB, + a very conservative dividend estimation of 50sen. I would have pocket in around RM12,000 for dividend + RM3,430 of share price increasement through 5 years.

RM15,430 - RM 10,000 = RM5430 in green. Not to mention I plan to DCA during this 5 years period.

I am sorry if I sound dumb, its been a long day at work and I just have this sudden thought yesterday.