RM100 a month after 20 years how much?

 By saving rm 100 a month with a compounding interest 8% after 20 years it will be RM 59285.00

Part 1 - How to save for retirement?

 If we can adjust our lifestyle, we can save additional money for our retirement

Evaluate your own risk before deciding...

 Recently, I came across a Facebook post in Chinese. It’s a sad case where he trusted the property guru too much…

I translate it to English…

“My husband is a doctor and works in East Malaysia. Originally, we had no worries about food and clothing because my husband’s salary was good and he was about to take a specialist exam. But because of greed, he listened to a Property Guru who suggested that he buy two properties worth millions of dollars with a Compress Loan and get cash back of nearly 500 thousand. Then this guru suggested that he invest the cash back in Triumph FX, which would yield a return of about 10% per month. At first it was good, but in the end he invested all 500 thousand into Triumph FX. I also found out that my husband was this guru’s downline in Triumph FX, so he earned commission when my husband invested money. Now Triumph FX has gone wrong. TriumphFX has converted all investors’ money into their own currency, but their currency has dropped to almost zero, which means my husband’s money has also gone to zero. My husband is now very worried because the rent for the purchased property is only 2800, but the monthly payment is more than 5,000.
He is now giving up on himself and does not want to take the specialist exam anymore. He has been blaming himself for trusting others and seems to be suffering from depression lately. The day before yesterday he even said sorry to me and told me not to worry if he left me one day and went to find another better man.
I am very worried about him now. I want to help him recover his money from Triumph FX through legal means, otherwise I am afraid that my husband will really be in trouble. What should I do? Will the police investigate if I report it?”
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Only invest in regulated investments by the government and identify your own risk. Determine how much you can afford to lose and whether you can pay off the installment if your income is affected

The Magic of Compound Interest Rule of 72

 

Rule of 72

Have you invested enough for your retirement? 

Find out how the below table can help us to double our retirement fund by allocating in to comfortable % return.

Use the magic calculation below.