5 Common Retirement Mistakes【MUST AVOID】| Retirement | PRS | EPF

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5 Common Retirement Mistakes【MUST AVOID】| Retirement | PRS | EPF
Did you know??? 🤔
According to a study, 70% of Malaysians 🇲🇾 outlive their RETIREMENT savings. RETIREMENT is supposed to be the golden years of our lives where we can RETIRE comfortably without worries.
But it’s sad to see that over 70% of Malaysians spend those golden years in financial poverty. Statistics also show 50% of Malaysians who are about to RETIRE still have to service their housing and car loans. 🏠 🚗
But... what leads them to this trap? What are some of the common mistakes they made which caused them to RETIRE poor? Is EPF really enough for your retirement? 💸
In this video, we will share what are the 5 COMMON RETIREMENT MISTAKES THAT YOU CAN AVOID, so that you can RETIRE comfortably! 📺
Join us in the video to find out HOW you can avoid these RETIREMENT MISTAKES!
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Опубликовано:

21 июл 2024

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Комментарии : 47

@MarcusFred-wn3iv Год назад

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

@BrunoLuke Год назад

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

@MarcusFred-wn3iv Год назад

@@BrunoLuke In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

@BrunoLuke Год назад

@@MarcusFred-wn3iv Please provide the information for your investment advisor here. I really need it now.

@MarcusFred-wn3iv Год назад

@@BrunoLuke She is MARTHA ALONSO HARA, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

@BrunoLuke Год назад

@@MarcusFred-wn3iv sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.

@popocucu7749 3 года назад

PRS come with high management fees as well and not every PRS is performing. To retire comfortably, change your spending habits and learn investing even with small budget.

@adrianlim116 3 года назад

Watching this video makes me scared seriously. Especially when he mentioned about the inflation part. My God if next time things become so expensive but our salaries are still so low then what is the point of living. Die early might not sound so bad actually.

@sarahmarzuki2190 2 года назад

Thank you! Especially the part about taking inflation into account!

@sathishfiles 3 года назад

Thy should teach all this during schooling

@MrMoneyTV 3 года назад

Agreed! Money education is a must subject since young! 😀

@navinbalan 2 года назад

instead we are though about where rubber is planted (20 years later irrelevant), moral education, (which is a softcore language program) and irrelevant made up history. imagine if we are though about retirement savings and investment when we are 13 years old or earlier.

@LiyanaMohtar 3 года назад

Thank you so much for not putting more than 3 ads within the 10minutes video ✊🏼🥺

@MrMoneyTV 3 года назад

HAHA it's not from me tho. Btw thanks so much for the support! 😀

@chinhuntan1417 3 года назад

@@MrMoneyTV q1

@joelachlan8425 2 года назад

i guess Im asking the wrong place but does anyone know a tool to log back into an instagram account..? I somehow lost the login password. I would appreciate any assistance you can give me.

@TheZaad1609 3 года назад

bravo..very good infos explanation

@aazizahaazizah6055 2 года назад

Tq for sharing retirement...

@annaloo9513 2 года назад

great, saye baru withdraw 10k main game teka warna senang untung sebab ade refund bukti withdraw 10k dah dikongsikan diyutube saye

@muhammadhafizuddinazizi6709 2 года назад

kalau duduk rumah orang tua masa retire nanti. ada kosong tak?

@kamyoongfoo2285 Год назад

I think you forgot to mention children as retirement plan which alot of older generation perception are. But this investment is a super high risk that may not get the ROI as how much you put in.

@lord123fish 3 года назад

Hi sir good day to you i was wondering i would like to dicuss more on this topic is there anyway i could do to improve my retirement plan?

@MrMoneyTV 3 года назад

Hey! Absolutely! Stay-tuned for our upcoming retirement videos 🤩

@shaunyap9663 3 года назад

1. 1:51 2. 4:15 3. 5:49 4. 7:12 5. 8:14

@zulhelmyzaman2467 3 года назад

Thanks so much bro

@Talkinglife 3 года назад

Over spending and living extravagantly

@MrMoneyTV 3 года назад

Agreed! Especially with all the temptation these days haha

@akiraryuru2006 2 года назад

Hey Mr.money,I would to ask you if I dont have epf and soso,so there's I take some retirement plan from great estern is that more valuable????

@zik92 Год назад

nowaday you can deposit your EPF by your own.

@nasilemaknowrong763 3 года назад

the compounding he said isn’t the financial type of compounding

@MrMoneyTV 3 года назад

Hey there, mind to share what you mean? :)

@supercentenarianmalaysian3999 3 года назад

I want put both cimb prs plus growth class A C and X and affin hwang asset management prs private retirement scheme I done that with rm3000 now got chance rm4000 for prs this year 2020 December

@MrMoneyTV 3 года назад

nice!

@supercentenarianmalaysian3999 3 года назад

@@MrMoneyTV I want to add another prs private retirement another rm4000 so that I can add another one rm100,000 ringgit Malaysia in prudential retirement growth Malaysia

@supercentenarianmalaysian3999 3 года назад

You think rm1000ringgit can reach rm100,000 you think how many years

@supercentenarianmalaysian3999 3 года назад

100years old

@saravanakumar6617 2 года назад

why retiring?

@perfectstring 2 года назад

1 million at age 48

@gunavarshiniganesan6513 2 года назад

A good way to estimate how much you would need to retire is by using the 4% rule. Calculate your annual expenditure and multiply it by 25. This amount is how much you need "invested" with an average return of 7% to retire. You can sustain your lifestyle in early retirement by living off just 4% of the returns annually while the other 3% is for further compounding interest and growth. Once you are in your late retirement stages, you can start eating away at your capital and you would be good to go unless this is going to your beneficiaries. your retirement age just depends on how long it takes you to reach that amount invested.