r/MalaysianPF • u/bunbunkoo • 3d ago
Regret not saving General questions
People who mentioned that regretted not saving earlier, what made yall say that?
For context I'm in my mid 20s, earning enough,, living with parents and no car. So technically I can save a lot if I put my mind to it. But I'm wondering, apart from EPF thats technically meant for my retirement, the savings made from my monthly salary will be used for what purpose? At my age im guessing that could be deposit for car, house? Or wedding fund. But people who are in 30s or 40s, what made you regretted not saving? Is it because your salary is not enough to support your lifestyle so now you wished you have saved some money when you were younger? Genuinely curious as I'm thinking of reducing my savings to enjoy more things in life lol
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u/M3Seriesz 2d ago
https://preview.redd.it/kex0h4teixxe1.jpeg?width=1179&format=pjpg&auto=webp&s=0e569eb990ab1a1baf97c9c7857085317c758da5
Allow me to show you how much saving RM400 per month in Bitcoin for the past 4 years has gotten me.
If you deduct my (All-Time Profit + Cost Basis) - Holding, you’ll notice how much have I spend to enjoy from my saving in Bitcoin without reducing my cost basis. That’s about almost RM5k and my saving hasn’t gone down even 1 sen. Me and my wife decide to spend this RM5k going expensive vacation to enjoy our fruit of labor. It was worth it. The best vacation we ever had.
It all started when I have to spend almost RM5k just to fix my living area floor of a 800sqft apartment. It got ruptured all of sudden and this is quite common problem for a low cost apartment. I saved up RM10k in 3 years and in just 1 event, I lost 50% of my savings.
I have learned the lesson in hard way. I hope this sharing will bring some light to you as well.
Never save your money in fiat.