How to be a Millionaire over the next 20 years?

Do you ever think how you can be a Millionaire over the next 20 years?

This article is not teaching you how you can be a millionaire in a split seconds. That's sound good to be true right which is similar to an impossible thing!

I provided screen shot of a calculation by using financial calculator below to show how you can be a millionaire over the next 20 years or 240 months. 

How to set the value using this calculator? First thing you need to set your financial goal or how much money you want to accumulate for the period that you decided. For example you want to achieve RM1,000,000 within 20 years. 

In this calculator -RM5,000 will be your Present Value (PV), RM1,000,000 is your Future Value (FV) while 240 months will be the investment periods and annual rate of return is 8%. 

So, how you will achieve your goal to be a millionaire? 

When I said a millionaire means you need to have at least RM1 millions in your account. It is not include other assets such as your property, liquid assets that refers to precious metals like golds and silver, and so on.

Actually you can refer to this calculator in payment column. It shows that you need to make your monthly savings of RM1,716.51 in order to develop your millionaire's fund over the next 20 years. 

Simple right? It might looks simple to you but discipline is the key factor to achieve your financial goals for your better future and your next of kins. 

Before I forgot, I want to share with you a story of an Indian uncle that make investment of RM100,000 more than 20 years ago. He just let the money invested and let his agent take care of his money. 

But when he reallised that his agent is no longer service him and seems disappear he went to service centre angrily. When the branch manager ask what happend he said that his money amount RM100,000 that he invested before is totally loss. 

Then the manager ask his details for checking purpose and told the uncle that his money still there. The account is still active. Do you think how much the current value belongs to that Indian uncle? It is RM1,000,000!!! Unbelievable right? 

When the manager told him he had RM1 millions in his account he was so surprise and finally he decided to take out all the money and he was a millionaire at his retired age. So inspiring is it?

Other than that, I always ask a question of 'how much your savings goal?' to my prospects and my friends as well. Some have clear goal and some of them didn't have any goal. They just make savings, that's all and nothing to achieve except have a little money for survival. 

Very powerful quote for better future I think is 'live by design, not by default'. Are you agree with me?

I wish good luck to you and hopefully more people can be a millionaire by fully utilise this financial calculator.

Apartment Prices in Kuala Lumpur vs. Shanghai

Assalamualaikum and good morning

Today is my lazy day, perhaps. So, I decided to stay at home and just make my reading on a notes given to me on last Tuesday at an investment seminar that I attend at Puchong Financial Corporate Centre (PFCC) which is contains the information of apartment prices in Kuala Lumpur versus Shanghai on 2017.

Puchong Financial Corporate Centre (PFCC)

The topics are quite big and more on technical knowledge that make me couldn't digest some of it. The title is Understanding New Driver of China's Economy and Understanding the Catalysts of China's Market.

I will not touch all of them as I mentioned at the beginning of my post that I am sooooo lazy today and I will not doing a bigger task today, unless I change my mind...hehe...my mind keep changing according to the lesson learn from any motivational materials or videos I am watching on my daily basis. 

Normally I love to hear a short videos about 5-10 minutes on Youtube so that I will keep myself motivated while doing some abs exercises even I realised it is not working on my tummy at all! Hahahaha...

The apartment prices in Kuala Lumpur vs Shanghai today create my interest to write this post because it makes me stop thinking the burden of living cost in Malaysia but just work harder and smarter, and the same time develop a better financial planning to increase my income and my retirement fund rather than keep complaning and blaming other people due to living cost increase day after day for example fuel price. 

Individually we can't control the comodities prices because it is not under our jurisdiction. What we can do normally are do extra work and allocate our money in any investment instrument that will boost or grow our money.

Alright. Back to apartment prices in Kuala Lumpur vs Shanghai. Price per square foot to buy apartment in city centre of Kuala Lumpur and Shanghai are RM1,009.84 and RM5,553.82 respectively. Besides that, price per square foot to buy apartment outside city centre of Kuala Lumpur and Shanghai are RM571.07 and RM2,509.59 respectively.

In China, they have a Property Tightening Policies that been announced where they increase the minimum down-payment ratio in Beijing and they introduce or enhance home purchase restrictions (HPR) in Shenzhen.

If in Malaysia only 10% down-payment have to pay to buy a house, but in Beijing the government increase the down-payment from 20% to 35%-40% for buying their first-home while for second-home they increase the down-payment from 30% up to 70%-80%.

At the same time, residents in Shenzhen China have limits of buying house due to home purchase restrictions (HPR) policy which is they can buy only 2 units of local houses and 1 unit of non-local house. Can you guess how many unit of house can we buy in our country? Any limit that restrict us? I don't think we have such policy!

So, do you think we are luckier than the people who are living in Shanghai? The answer might be yes or no, but FYI our price of apartment is actually 5 times cheaper than the price of apartment in Shanghai. 

How they can have more money than us? Is it because of they living in developed country? The answer might be similar to the question of how rich people afford to buy a nice, expensive, and luxury things while the poor people couldn't? I have no answer for these questions but hard work, persistence, positive thinking, and if we follow the successful tracks it may can help us to achieve our dreams.

That's all for the post of this apartment prices in Kuala Lumpur vs Shanghai. Thanks for reading.