This article is for penyibuks who has nothing better to do and wishes to enter my sick imaginary grumpy old man’s mind. This article is rated XXXXXXXX and please leave immediately if you are below the Age of 18 and also if you have no sense of humour.

Most of you reading this are still young and in wealth accumulation mode and most probably may be in debt as you have yet to settle your housing and car loans in full.

However, if you have the discipline to save/invest your hard earn money for your retirement where you do not suka-suka burn away your hard earn money on holidays (e.g. costing more than half of your monthly salary in a year) and non-essential and non-durable goods (e.g. phones, Japanese Food and LV handbags, fashion, car, skin care and etc), you will be in the positive net-worth category before you even know it!

Time flies so whatever you do (what you eat, how much you sleep daily, what form of exercise you perform, where you spend your money and save/invest) now will determine how much wealth (wealth includes health) you have in the future. Once a moment passes by it is gone forever and hopefully you learned something with each passing moment.

Most of you can relate to the above said paragraph, at the very least, that time flies and we cannot turn back the clock and hopefully learned from what have passed. As for the other matters mentioned, if you still have yet to learn the importance of what you do now determines your future, just observe your surroundings and you will learn that some die early regardless of whether they are rich or poor, some suffer before they die regardless of whether they are rich or poor, some are broke because they did not save/invest, some were scammed because they were greedy for fast and easy money better than 4% FD Promos, some think they are healthy because they can participate in marathons or go hiking up a hill, the rich have money but do not have inner peace, etc.

Life is very simple, we just need to eat, shit and sleep but we (including me) are after endless shiok sendiri sensations and thus create stress for ourselves. One or two, the exceptional ones, will realise that life on earth is an opportunity to experience the endless possibilities of our free will (our actions now, not what have passed, will determine our future destiny).

But because we are conditioned/programmed by our surroundings (parents, friends, community, government, people who control the financial markets of the entire planet, etc), each of us have different mind set and think differently.

In respect to the above said paragraph, what I am about to write below is therefore from my mind set which will definitely be different from your believes. However, after reading what I am about to present to you, you can then decide to follow and/or ignore in full or in part to decide your own destiny to have a wonderful life on earth.

Wealth Accumulation Mode

Most of you would have forced savings in EPF and if you have followed me long enough would chase after promo FDs if your housing loan is cleared. Of course all of you have savings accounts. However if your money is purely parked at the banks, there is always the possibility that Ringgit may weaken (best if strengthen) or worst experiencing a sovereign debt crisis (go google Greece where at one stage the banks were closed). Whatever it is, money you have in the bank or EPF is an imaginary thing in your mind unless you withdraw it as physical cash to experience life! And today we can uplift a FD 24/7 via online and go to the ATM to withdraw cash if it is not a working day. Yes FD is liquid and as good as cash and you can’t say the same for most other investment where you can’t convert the investment to cash on the spot.

Like I mentioned from the very start, most of you are young and still under wealth accumulation mode. BUT I can tell you something you can do right now which will have significant impact on your future wealth – that is if you have a child now.

If you are a parent, I am sure you love your child/children regardless of what age they are. However, it is super important that you brainwash them at a very young age the importance of having the right education/degree so that they will have a good future. I tell you, never tell your child he/she can be anything he/she wants to be! For example if your Malaysian child says he/she wants to be an astronaut…. habis! The fact is Malaysia does not have a space program (why do we want one anyway?), so what are the probabilities of that your child having a lasting rewarding career as an astronaut? However, if your child wants to be a space tourist and go to Mars, that is very possible in the near future.

I have mentioned before, the moment your child is born, you have 18 years to plan (programming your child) and save up for his/education to enter a World Top 100 university. Well, you may say that with AI the child may not even need a degree, well like I said your mind set is different from mine but if you program/brainwash your child to have a good education from the moment he/she can walk, it will be ingrained in the child’s mind to achieve the best education he/she can obtain so that he/she will have a good life.

Why is the above important? I tell you, giving/providing/brainwashing/programming your child that he/she must enter the best university to have a good education and more importantly so that the child will have a rewarding career is the best Wealth Preservation one can ever have! If the child can survive on his/her own upon graduation, they no longer need to rely on you which means whatever wealth you have can only be depleted by yourself! For example, your child graduated from a university with a non professional degree, the probabilities of that child having a good career is slimmer than another person graduating from a World Top 100 Uni with a Professional Degree (Accountancy, Architecture, Engineering, Law, Medicine, Pharmacy, Surveyor and etc).

Now, now, I said “probability is slimmer” which also means there is a probability that your child without a degree may accumulate a lot of money BUT there is a big difference between a person with a Professional Degree from a World Top 100 University where ethics is of utmost importance.

I have mentioned before, long ago, when I graduate with my Engineering Degree in USA, I had to make a pledge that I shall use my skills to serve for the better good of humanity. Below was the pledge I made:

I am an Engineer. In my profession, I take deep pride. To it, I owe solemn obligations.

As an engineer, I pledge to practice integrity and fair dealing, tolerance and respect, and to uphold devotion to the standards and dignity of my profession. I will always be conscious that my skill carries with it the obligation to serve humanity by making the best use of the Earth’s precious wealth.

As an engineer, I shall participate in none but honest enterprises. When needed, my skill and knowledge shall be given, without reservation, for the public good. In the performance of duty, and in fidelity to my profession, I shall give my utmost.

Well i have continued to serve humanity even after I fired my boss and became a bum where I shared my knowledge to those who have faith in me to experience Singapore Airlines Suite Class, hahahaha.

For my case, when my children were very young I had already brainwashed them the importance of entering a good university and I am pleased to say that 3 of my children have Professional Degrees (my eldest son has 3 degrees – Bachelor of Engineering, Masters of Engineering and Doctor of Medicine, second a girl graduated with a Pharmacy Degree and then did a non-Professional Masters Degree, second son graduated with Accountancy and then did a non-Professional Masters in Data Science and youngest dragon daughter is the only one without a Professional Degree but earning the most, hahaha). All four of my children graduated from World Top 100 Universities and because they did, they no longer need to rely on my money to survive and enjoy their own lives; and the most important thing of all is I get to burn whatever money i have remaining today on myself.

Lesson No.1 is program/brainwash your child at a young age on what you intend for your child to be when he/she grows up.

Chiak Bui Liow

Wealth Preservation – Why is this important? Because we all think we can live forever but the fact is we human beings can only live up to max 120 years!

As mentioned in my previous posts, if you graduated with the right degree and a salaryman, you would have more than RM1M in your EPF by the time you retire. And if you had planned for your child’s education without touching your EPF, you are set for life.

For those of you who have no children and have a good career because you chose the right degree, you can start burning your money away once you have paid off your housing loan and save enough for your retirement. And because you do not have children, by the time you are in your forties, your net worth should be in the black and you do not need to worry about retirement because your EPF should be more than adequate to take care of the nursing home cost in the future.

Oh yes, for bachelors I have mentioned before – do not be a fool by investing in other people’s wife – only burn money on your wife if she serves your family, haha. As for single woman, nowadays many are more educated than men – before you say yes, make sure the man earns more money than you plus have integrity/principles and the man values education and is willing to pay for the child’s tuition fee in a World Top 100 University, this is one topic by itself and maybe one fine day I will write a freaking long story, hahaha.

However, if you have a child who is working and still relies on your money, then you have a big headache. It is too late to turn back the clock to reprogram your child and hopefully you have learned and in your next life you will remember what you learned so that you have a better life for yourself. Having said this, if your working child is still a parasite sucking the limited money you have, you really need to think for your own good as your child does not love you like you love him/her. On the other hand, if you have reached the level of chiak bui liow, by all means give your child the damn money if he/she still obeys your instructions and serves you because the moment you die the child will inherit your money anyway unless you donate it to charity.

In respect to the above, now you know why rich people’s kids are so obedient and they love their parents and serve kindheartedly, hahahaha. In regards to this, I am sure you read that people in China will pay their child to serve them instead of the child working…. damn smart because eventually the child will inherit the money anyway, so the parents might as well use the child’s inheritance while the parents are still alive to benefit everyone.

Lesson No.2 spend your children inheritance away if you have reached the level of Chiak Bui Liow.

If you are new to my blog, click here to read my previous article produced more than a decade ago titled Spending Children Future Inheritance

You Cannot Take Your Money/Assets To Your Grave

It is human nature to be greedy….. for example, you say you want RM1M and you will be happy, but the moment you have RM1M you want RM10M, and the moment you have RM10M you want RM100M……… but you only need a roof over a comfortable bed to sleep, nutritious food to eat and a comfortable place to shit.

For many who have attained the level of Chiak Bui Liow, seeing their money/assets grow with time is a game. I am sure you know of people who already have more than enough money to survive for another 100 years but are still thinking how to make more money when they are already 75 years old (average lifespan of Malaysians)! These people are attached to money and we all know loving money will result in nothing good.

Lesson No.3 – Landed Freehold Property Is A Good Method Of Wealth Preservation

Freehold landed property will definitely appreciate with time BECAUSE OF INFLATION or weakening of currency. HOWEVER there are also risks associated with having a property. For example, someone enters your empty land and burn the weeds to do farming and EPA will take you to court since you are the land owner or a house get burned down or nowadays very common where shop lots are empty.

In respect to the above, some may even buy properties overseas, not so much as an investment as many do lose money overseas but as a method of wealth preservation taking into consideration of FOREX (where you can lose or make money but no matter what it is still wealth preservation). Only stupid people without valid Visa will tell you that they buy properties overseas so that they can migrate there.

I am also sure you have heard of people having a few properties worth millions but finding it hard to survive (medicine and other medical related expenses) from rental they get from their properties. Well these people are stupidly not enjoying a comfortable life (where they can go anywhere they want or eat anything they want) because they are greedy! Yes they are greedy because in their minds they are worth millions but in actual fact they don’t have CASH to pay for Biz Class tickets or surgery bills at Private Hospital. These stupid people with lots of non-liquid assets but cash poor will say they want to leave the properties to their children!

Like I asked before, have you ever visited your great grandfather’s grave to thank him?

The fact is your future generations won’t give a damn about you and will never thank you for what you have done for them! What this means is whatever properties you leave for your future generation(s) you won’t benefit from it in your lifetime!

If you have only one property where you are living in it, of course it makes no sense to sell it. However if you have like 3 or more properties and don’t have RM2M in your bank account, sell one or two of the damn properties and convert it to cash so that you can have a comfortable life until you die! The extra cash can pay for the private hospital bills and your funeral, plus a nice burial plot!

Lesson No.4 – Gold As Wealth Preservation Method

You can also buy and sell gold with banks, i.e. Gold Savings Account. But then again a bank can collapse…. if you say a bank cannot collapse then I ask you why there is PIDM?

So besides investing (which means you can make or lose money) with a Gold Savings Account, you can also purchase Gold Bars. However if you put the Gold Bars in the Safe Box in a bank and the bank collapse will you have access to your gold bars? Keep in the house also got probability of it being stolen.

Lesson No.5 – Buy Stuff That Appreciates In Value AND Enjoy Them

The most obvious is buy gold jewellery. Did you know that China and India are the top countries buying gold jewellery?

Yeah what is the point of buying gold bars and put in the safe box and die without enjoying them? Better you buy gold necklaces, pendants, bangles and bracelets and wear them. The fact is the gold jewellery can be converted to cash instantly anywhere on earth and in times of chaos it will be worth more than any currency.

Another method to preserve wealth is to buy stuff that appreciate and enjoy it! Examples are Rolex, PP, AP, Birkin, Hermes, Chanel, Tiffany and VCA. You think the rich simply burn money on these stuff? The answer is YES, hahaha. BUT the smart ones will only buy selected models as not all models have a good resale value. When it comes to branded stuff, we all know the quality is really good but you should google second hand prices before you purchase it. For me, if the second hand value of the item is less than 70% of retail price I would not consider it. And I will never buy second hand items as to me why would I want to inherit or be associated with an item that was sold by another person who needs money (i.e. that person’s luck is not so good).

For example not all VCA jewellery appreciates but are sold less than retail price in the second hand market except for few kinda hard to get selected models.

Same thing, not all Rolex watches will make you money and if you consider inflation, with certain Rolex models you are actually losing money BUT the fact remains that you can sell a Rolex watch anywhere on earth and get cash.

I have learned my lesson of burning away my hard earned money on useless products, e.g. Tag watches, LV handbags, white gold. Nowadays I prefer to buy yellow gold instead as it is not only a Wealth Preservation method but also it shows my loved ones I am damn generous splashing money on jewellery for them (but in actual fact I damn calculative because I know the gold items can be passed down my generations and it holds its value over time and in time of emergency my future generations may find the gold useful for whatever reason). FYI, I am still stupidly burning money on gadgets.

Only a fool will buy items and keep them in the safe box and die without enjoying them physically….. then again maybe they did enjoy in their mind that they are worth RMXXX,XXX,XXX,XXX.00…………… it is all in the mind….. we are born with nothing and we die leaving everything behind.

OTHER Investment Assets

Of course you should also invest in the stock market and even Bitcoin. The key word here is INVESTMENT which means you can make more or lose everything. When you invest in the Stock Market or even Bitcoin, invest only an amount you can afford to lose and not preventing you from having a good night’s sleep.

Lesson No.6 – Invest is risky investment but only an amount where you must be able to sleep if the investment goes to ZERO.

CONCLUSION

Lesson No.1 is program/brainwash your child at a young age on what you intend for your child to be when he/she grows up.

Lesson No.2 spend your children’s inheritance away if you have reached the level of Chiak Bui Liow.

Lesson No.3 – Landed Freehold Property Is A Good Method Of Wealth Preservation.

Lesson No.4 – Gold As Wealth Preservation Method.

Lesson No.5 – Buy Stuff That Appreciates In Value AND Enjoy Them.

Lesson No.6 – Invest is risky investment but only an amount where you must be able to sleep if the investment goes to ZERO.

Last but not least, the most important thing is actually what you have learned in primary school – Don’t put all your eggs in one basket!

And if you very free, click here to read my article titled Burning Away Fixed Deposits and Earning FREE Gold Bars with Credit Cards where many have understood the coded message and bought gold with their credit card points many years ago.

Remember I said that the money you have stored in the bank plus whatever investment you have that you can see the amount online is all imaginary in your mind. For example you can say you are worth RMxxx,xxx,xxx,xxx.00 because you can see the amount shown online…. the moment there is a nuclear war or internet down or financial institutions collapses or Godzilla emerges or we are attack by aliens, all the imaginary money you have may be gone! 101% these said imaginary money is no longer yours the moment you die.

That is why I have published this post so that those of you who have attained the level of chiak bui liow (if you are educated you will soon attained the level of chiak bui liow if you are not into toy boys/girls or drugs or gambling or simply burn your money away) are taught not to be kedekut but spend your money to enjoy life by spending your children’s inheritance on happy moments together with your loved ones and buy yellow gold jewellery for your loved ones so that they thank you while you are still alive.

Money is a tool to make your life more comfortable and we don’t love a tool right?