By Subaashinee Kupusamy,
5th NOVEMBER: A Malaysian woman recently shared her journey to amassing nearly RM2 million in her Employees Provident Fund (EPF) account by age 35. Her success is rooted in a high-paying job, a commitment to her employer, and strategic financial planning. Rather than switching jobs, she stayed with one company, advancing through consistent promotions and salary increases.
To boost her EPF savings, she made voluntary contributions, maxing out at RM100,000 annually, and refrained from any withdrawals. Leveraging the power of compound interest, her first million took ten years to build, while her second million accumulated in just three. In 2023, her savings grew by around RM400,000, aided by an RM80,000 dividend.
Her story has sparked mixed reactions, with some admiring her dedication and others attributing her success to professional advantages. Nonetheless, her disciplined approach highlights the benefits of long-term saving and investment as stated in Astro Ulagam.
