He would be able to live on RM4,500 a month just from dividends alone.
A Malaysian man has taken to social media to share how a friend of his managed to save RM1 million in his Employees Provident Fund account by the age of 45"Look at this statement belonging to a father in my circle of friends. He's 45 and working in the IT field in Kuala Lumpur,"Nur Fadhli said his friend is no different from the average person, having started work at the age of 23. He also had to withdraw some money from his EPF Account 2 to purchase a house.
"How did he collect RM1 million in his EPF, you wonder? From what he told me, everyone can do it," he opined. Nur Fadhli shared five tips that he learned from his friend, with the first being the most important and obvious:Next, he said his friend made steady contributions to EPF, and evenRemember how many people were affected during the Movement Control Order? He was steady and had enough emergency savings ," he said.
"There are many silent millionaires like him, but they stay humble and keep a low profile. We should emulate their spirit.
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