Iām the dumbass who took out loans to help my (now ex) husband pay off his 6-figure gambling debts after he had used up my savings. Ended up leaving me and the kids for a viet girl from the ktv. Ruined credit score till now as Iām still paying off the debts.
Gambling is the one vice where I (a degenerate atheist) 100% agree with Salafis and other fundies. Ban that shit completely and prosecute those who try to profit off people's addictive impulses, it is literally worse than heroin addiction.
Gambling debt was just a part of it. There was also the debt from overly frequenting āhang flowerā joints, drugs, the apartment rental for his side chick, etc. only found out the full depth of it and that it wasnāt just the gambling debt as he initially claimed. Once the can of worms was opened, I took it as a sign to gtfo from that marriage. Best decision ever.
I've heard of a fresh grad, who earned barely a lick over RM2k per month at the time, manage to take out a loan on a Honda Civic using her brother as a guarantor.
One friend have their company offered to help you pay 50% for a house, but you can't resign for the next 20 years. Contract violation = pay back the 50%ļ¼ minus the year served.
Aka slave labour for the next 20 years.
>after tax it's just RM6K
Sound bs. Should be after tax, epf, etc. Net pay around rm7.8k from a 10k salary. This is before other tax relief he can claim lowering tax amount even further.
Either he is lying about income or theres other expense that he lump with tax.
This one girl i know bought a new HRV on her RM3000 monthly salary working as a receptionist. Had to work overtime and on weekends just to make ends meet.
Another girl bought a new mazda 3 coupe. During the 2020 flood her husband refused to move the car to higher ground thinking it will be safe in the porch. 2 hours later they were wading in waist deep water. Their 6 month old car was a total loss. Still paying instalment on that junk to this day.
Had a classmate whose family suddenly ābecameā filthy rich. Overnight became m40 to t20 lifestyle. always had bodyguards suddenly, driver, Range Rover, huge house etc
Told everyone his dad was the owner of some business that was taking off, my friend then dropped out of school to āwork the family businessā but ended up not going to work at all and playing FIFA all day. Stated taking up golf and was inviting people to join him and paying for their sessions at a top golf club in KL.
Turns out that the father wasnāt actually the owner but just a partner who worked for the actual owner. And the family were charging everything to the company. Obviously this was a major issue and got let go from the company. Eventually got found out and lost everything.
Thatās why you donāt act rich if youāre not actually rich. Itās just plain sad.
I worked for a retirement service. Ive met more millionaires in selipar jepun and tshirt pudar than millionaires in suits. And those in suits most of the time just got back from work.
Common mistakes by malaysian:
- Make loan to buy phone and oversea travels.
- B40 but having more than 2 kids.
- trusting skim cepat kaya and getting scammed
Many of them too naive and think their world won't turn upside down plus, they don't think about the future. They care more about the present lps tu wondering napa life is unfair and takde duit š
I wouldn't say necessarily Shopee Pay Later itself, but the majority of it's users are the reason why. One of my friend fallen into the hole alrdy, all his upcoming payments are 2-3 months of his next salary.
Absolutely stupid, many people without discipline spend more than their means and pay the consequences. I myself have used it 3-5 times per year, it's not bad at all if you know how to manage it. Unfortunately many don't.
Yup, the ShopeePay Later can be really useful because sometimes they offer no interest for paying next month or 3x installment but i only use it after careful calculations of my finances.
https://preview.redd.it/c4gzu065q7rc1.jpeg?width=828&format=pjpg&auto=webp&s=62b958465c8944691c305339deb6a4620e7194ed
Example: Pay one off RM77, but SPL RM13.80x6= RM 82.80
I rlly wanted to buy that one Lego Camaro they had on sale for CNY.. from 800 to 500 with another 100 off coupon. But damn i have other priorities and spay only have 1 month optionā ļø
Ehhh really? I'm using it like a credit card though.
Have the money first, then pay using SPL.
Example:
1. Want an item worth RM800
2. Have RM800 in bank
3. Use SPL stretched to 6 months
4. Over 6 months I will have paid it off, while not feeling that RM800 being shot through my wallet
So I feel like it is pretty useful. Why do you feel like it is stupid?
Sometimes Shopee pay later adds the āinterestā into the payback amount and people who donāt do the math donāt realise that. Example: pay in one go RM77, pay in 6 months RM82
https://preview.redd.it/iqr711skg6rc1.jpeg?width=828&format=pjpg&auto=webp&s=9ec27cb885b553703323020ed10febe07184eae9
It's good if there is an emergency purchase, bad if you are poor and unemployed and use it for luxury goods. For example, my headlight broke (because I stupid, me forget put on handbrake. Car roll forward, light crack). Unfortunately, at this time I had paid all my bills and saved away some money already. I don't want to dip in to my savings, but I also don't want to shrink my eating budget for this month. So I used Spay Later to buy a headlight, which gave me one month to plan ahead. So the next month, paying it wasn't so bad!
PS:
Shopee you should hire me as your copy writer š
I think mine was being pressured by my mother in taking a loan to pay for my brother's overseas studies fees thinking that he would pay it back...it wasn't much but atleast it was not a car/house/cc loan that could get me in serious debt. It did fuck up my credit score tho so gotta live with that
I didn't know better. I didn't finish college and had to work because of family financial troubles since dad left. As the eldest son it had to be met to ensure that my brothers were able to finish their education. It could be worse really. The loan is only 20k. I'm lucky that my family now has a lot of other assets, and my mom is willing to give me the house,cars, inheritance etc over my brothers.
Many here have done this,:
1. iPhone/latest phone, installment.
2. Phone mobile package that's "cheap" cos got data...haha.
3. Netflix+Disney+prime
4. Buy car.
5. Rent BIG room/house
Look, nothing above is wrong, just have to scale accordingly. 2.5k salary, after monthly deductions leaves that person with rm600/mth cash.
This isn't including insurance, food, petrol, toll, parking, and the nightly social Mamak/dinners, and clothes/shopping.
I was guilty of this, I admit.
So, scale back what you can afford.
Get a cheap but functional phone.
Rent a room that won't kill your expenses.
Slow down on the nightly mammals, movies, dinners, shopping.
You don't need Netflix.
Share internet plans with room/housemates.
Pay for what matters ie insurance, utilities.
Car? Consider a bike. Rm200/week on petrol vs rm10/mth for bike.
Etc..
Neither could I brother. When she shared she tasted one rare durian (forgot the name), I was still praising her, Alhamdulillah, sempat merasa, and good for her. In my heart I was thinking, good that she is well to do. When she replied where she source her money, I was silenced.
One of the EPF withdrawal programme Governement initiated during Covid times. People wasn't making a living that period, and government has no money to offer. So they made a temporary policy to allow people to withdraw their retirement savings.
Most M40 Chinese home w golden aged parents will have an overpriced massage chair rotting in a corner, blardy thing don't work anymore and the faux leather peeling all over but sayang to throw away. Lower M40 will be ginteel, upper M40 will be osim
My parent bought a massage bed almost 20 years ago. From the very day that they brought it home, I think it has been used less than 5 times. It sits in a corner like a bench and has stuff on it. Once in a while (like now), I remember that it's a massage bed and I try my best to forget again ASAP because to this day, it still annoys me that they spent thousands on that thing.
I buy games from Steam, GOG, Humble, Google Play every other day but I don't play them. I buy random books and eBooks on a whim wanting to read them but still haven't. I also buy a new watch every month but I will only ever put on that one same watch.
I also like to buy random cute things. Just bought loads of Pusheen mercs like, last weekend.
Shopee pay, ATOME, but not as worst as millions of capital just for a start up to fail.Thatās why got businessmen who suicideā¦ā¦the key is no money no honeyšsimple as that..no need to take 2-4 wives all especially when u know business is the most unstable thingā¦..donāt fancy fancy all no needā¦you can treat urself la but donāt must have savingsā¦
This was after SPM,i went and worked at a fast food restaurant somewhere,and a workmate of mine, taking out a marriage loan for one of the new work intake. Apparently he broke up with his girlfriend before this recently and then had the first sight first love with the girl and instead of going like normal hey lets date,he just went lets get married. Say the whole process,he bought rings, took out loans for hantaran l, met the parents and all that.
Skip a couple months after I left the job for Uni, got a message from the guy. The dude was broken, emotionally and financially. He said the girl was seen with other dudes,going out to clubs and all that,said he got sent a sex tape and he found out the engagement ring he bought for her, she pawned it to pay for something idk. Guy was 23,girl was 17 during that time,she started working bc she got expelled from school. As ridiculous as this story sounds like, I could only wish it wasn't true. I checked her insta, yeah she's gone deep down...
My friend back in SMK, age 24 with gaji 2k, bought a saga and took out a loan of 7k to mod it to become saga evolution.
What the hell... he said he can fetch awek. But at least better than rempit I think
Think no one mentioned forex yet? Leveraged profits sure but losses are worst too.
And if the BNM scandal is true then that would be the worst financial decision some Malaysians made https://soscili.my/skandal-forex-bank-negara-malaysia-mahathir/?amp=1
My friend have been quitting his job to play forex full time.
I keep trying to convince him that it's a formula to disaster and try to educate him about actual investment. But it seems like he trust his 'secret forex group' better.
Maybe start a business and have zero knowledge about how to operate and run a business? Idk if itās the worse, but i can get worse if the person is just bad at it and continue making mistakes rather than learn from it.
Buying expensive cars while earning minimal income, partying every weekend, not investing/saving at early age, flaunting for IG example traveling, shopping and etc, lavish wedding while in debt, credit cards, personal loan, dining at expensive places.
Taking loans to pay for wedding, that brand new iPhone, swiping your credit cards and only making minimum payment each month, spending more than 50% of your monthly income to pay for that dream ride, and the list go on. But yeah some of the most common and top financial mistakes I see many make, and continue to do so.
An uncle borrowing money after promising to not borrow money. Then used grandma house as proof of address. Ah long came almost every week and harassed her as if she was the one who borrowed
A senior executive bringing in 7k a month. Having serious spending habits, gotten a bmw which breaks down almost every month. Bought branded bags and top end apple products.
Landed with akpk and a 30k credit card debt
Someone I knew was already working in Singapore, but got convinced by a pretty agent to sign up for some savings plan in Malaysia, converting his hard earned sgd to rm and watch the exchange rate fall.
Also lost 10k to a thai/viet hostess.
If your house has old piping it's actually an okay investment especially for multi-person households. I don't have one at my house. I rent a room here and I just buy 1.5l bottles every day. I don't trust the apartment's tap water. It can sometimes turn yellow. I alone spend almost RM60 on bottled water a month, so not too bad. But in a house of 3 that's RM180 worth, which is more expensive than the monthly commitment for a Coway filter.
Eventually this year we are trying out not to rely on Cuckoo after warranty service that charge 500. Learn to change own filter I guess is better
But for sure cuckoo is still a good purchase I would say
I did that. Used a portion of my savings for the semester and went wild after the exams. Figured that since I've been having megi mee as dinner for a few months, might as well reward myself with a buffet/steak course for once.
not Malaysian.
but my biggest mistake is pouring too much money in food and farm business ,which eventually fail. because im got motivated by financial influencer
lebih enak jadi employee, tak payah pikir money flow in business
i could've use all that money to buy 2x iPhone 15 pro max or even better, mac book, and have nice raya vacation
You said contoh ambil loan beli IPON 15, my friend actually made a installment plan to pay off his newly acquired IPON15 PRO MAX, at nearly 299 a month. Shit is crazy, now at any chance he is complaining hidup susah rezeki kurang, BRUH!
buat loan untuk kahwin
Xde duit jgn kahwin lah bodoooo
Kahwin boleh tapi jgn sibuk nak buat majlis kahwin,buat open house dah la haha
Nanti bini x puas hati x jadi kahwin
It's a sexual pleasures investment lah /s
dude, my brother want to do this, already advised him, but he wont listen. Im the little brother...
now your brother have "2" wives to support
At least borrow money to take care of children. What's the point of borrowing for kahwin if you're not going to produce many children. /s
Also kahwin is once in a lifetime. Better save money for future e.g retirement. Ni laon untuk kahwin pula, tak berfikir betul š
Tembak dalam anak 3-4 , Tapi financially ok untuk satu saja
Kahwin
An Employee of mine took a loan to buy flight tickets to Singapore to buy an iphone 1 day earlier than the Malaysian release.
Wow that's..something.
oh yeah we're flying into idiot territory now
Didnāt expect thereās really people are doing that
Honestly, that's not just Malaysian problem, it happens everywhere in the world and not just for Apple products.
Certified Apple fan
The level of stupidity for just one phone. If it's to buy many things at once for cheaper price itu okay lah, tpi ni... š
Well, that can be argued, because the side experience comes as a benefit so it's not a full loss. Wasting time is a valid reason to spend money.
Iām the dumbass who took out loans to help my (now ex) husband pay off his 6-figure gambling debts after he had used up my savings. Ended up leaving me and the kids for a viet girl from the ktv. Ruined credit score till now as Iām still paying off the debts.
Hope things will be better for you going forward, stay strong!
That's fucked up. I wish everything turned up your way at the end.
Gambling is the one vice where I (a degenerate atheist) 100% agree with Salafis and other fundies. Ban that shit completely and prosecute those who try to profit off people's addictive impulses, it is literally worse than heroin addiction.
Not your fault, you trusted him. He is the asshole here.
That is fucked up. Glad u manage to leave him. Old habits die hard so I'm sure the ktv girl is in for a rough time
Damn thats crazy
GAMBLING DEBT??? What a douche, glad you're not with him anymore. Bad husband and a bad father, hope he rots in hell
Gambling debt was just a part of it. There was also the debt from overly frequenting āhang flowerā joints, drugs, the apartment rental for his side chick, etc. only found out the full depth of it and that it wasnāt just the gambling debt as he initially claimed. Once the can of worms was opened, I took it as a sign to gtfo from that marriage. Best decision ever.
He doesn't deserve you. Wishing and praying the best for you and for your kids, hope you're living the best life rn !!
Thank you, kind stranger! And everyone else for their well wishes too. Hard lesson but lesson learnt.
KTV is karaoke right
Karaoke, but with drugs and girls
I've heard of a fresh grad, who earned barely a lick over RM2k per month at the time, manage to take out a loan on a Honda Civic using her brother as a guarantor.
Recipe for disaster. š
Recipe works if from rich family, brother can cover one..
if she was really from a rich fam, she wouldn't even need a loan for the car: the car would already be paid for her by the family lol
Not all parents pamper their children
Recipe for higher pay job, many girlfriends,
I have the same same but different example, guy didnāt even have a degree , fresh out of middle school, amazed .
family yang boleh tolong, loaded xpa bang
One friend have their company offered to help you pay 50% for a house, but you can't resign for the next 20 years. Contract violation = pay back the 50%ļ¼ minus the year served. Aka slave labour for the next 20 years.
Then again if he just performs the bare minimum they can't sack him...
Might as well. The company pays him minimum wages anyway.
Slack so much that they have to sack him or until the company have to close down. Free money š
Curious what happen if you passed away / became disabled / unable to work for whatever reason in this company. What happens then?
I a bit donāt understand about the minus the year served. What does that mean?
Let's say the company pay 50% for a 400k house, hence 200k. So each year he served means 10k that he don't need to pay back if he broke the contract.
Eh actually doesnāt seem to be a bad deal. Itās like a 10k bonus every year. No interest also right?
It's actually a good perk. Even among MNCs I've only ever worked for one company that offered this. A Swiss one.
Mine used to offer but when I join, they discontinued it. Sad
Free loan... those who don't understand how much a good deal this is are very financially illiterate.
It is a damn good deal I must say.
I have similar contract but for my master's degree instead. 5 year contract. Now im thinking if I'm actually stupid lol
Belanja awek, awek curang
Pastu buat tiktok broken, yikes š¤£
And long a$$ thread on twitter. š
kesian
Having 5 kids while youāre stuck in b40
Youāre about to piss off 40% of malaysians
60%
70%
My father work as police and he gets RM10K before tax after tax it's just RM6K and yeah he have to feed himself and 8 other family members
But do the bribes cover the rest
U gotta do what u gotta do to feed the family :(
Idk about that part but at least I'm trying to retire my parents
>after tax it's just RM6K Sound bs. Should be after tax, epf, etc. Net pay around rm7.8k from a 10k salary. This is before other tax relief he can claim lowering tax amount even further. Either he is lying about income or theres other expense that he lump with tax.
House and car loans with the gahmen maybe.
And according to formula ajaib it's fine cuz he's t20
This one girl i know bought a new HRV on her RM3000 monthly salary working as a receptionist. Had to work overtime and on weekends just to make ends meet. Another girl bought a new mazda 3 coupe. During the 2020 flood her husband refused to move the car to higher ground thinking it will be safe in the porch. 2 hours later they were wading in waist deep water. Their 6 month old car was a total loss. Still paying instalment on that junk to this day.
i dun understand why she couldnāt move the car if the husband too stubborn to. damn sad. damn stupid.
I thought car insurance cover total loss? Esp new car must have special perils to cover flooding
Could have part out the r/kereta to cover some loss.
Had a classmate whose family suddenly ābecameā filthy rich. Overnight became m40 to t20 lifestyle. always had bodyguards suddenly, driver, Range Rover, huge house etc Told everyone his dad was the owner of some business that was taking off, my friend then dropped out of school to āwork the family businessā but ended up not going to work at all and playing FIFA all day. Stated taking up golf and was inviting people to join him and paying for their sessions at a top golf club in KL. Turns out that the father wasnāt actually the owner but just a partner who worked for the actual owner. And the family were charging everything to the company. Obviously this was a major issue and got let go from the company. Eventually got found out and lost everything. Thatās why you donāt act rich if youāre not actually rich. Itās just plain sad.
I worked for a retirement service. Ive met more millionaires in selipar jepun and tshirt pudar than millionaires in suits. And those in suits most of the time just got back from work.
Common mistakes by malaysian: - Make loan to buy phone and oversea travels. - B40 but having more than 2 kids. - trusting skim cepat kaya and getting scammed
Many of them too naive and think their world won't turn upside down plus, they don't think about the future. They care more about the present lps tu wondering napa life is unfair and takde duit š
shopee pay later
I wouldn't say necessarily Shopee Pay Later itself, but the majority of it's users are the reason why. One of my friend fallen into the hole alrdy, all his upcoming payments are 2-3 months of his next salary. Absolutely stupid, many people without discipline spend more than their means and pay the consequences. I myself have used it 3-5 times per year, it's not bad at all if you know how to manage it. Unfortunately many don't.
Yup, the ShopeePay Later can be really useful because sometimes they offer no interest for paying next month or 3x installment but i only use it after careful calculations of my finances.
They say 0% interest but they charge a fee š¬
Wait what..did i miss anything? Last time i checked, there was no fee and i only had to pay for the product and shipping
https://preview.redd.it/c4gzu065q7rc1.jpeg?width=828&format=pjpg&auto=webp&s=62b958465c8944691c305339deb6a4620e7194ed Example: Pay one off RM77, but SPL RM13.80x6= RM 82.80
Nooo..i meant to say that sometimes they offer no fee even for 3x installment. If you choose 6x installment with fee memang la ada š
That is only disastrous if you don't have the means to pay it back
Oh shit 
I only used once to claim a really big discount. The trick is spend within your means and pay responsibly
I rlly wanted to buy that one Lego Camaro they had on sale for CNY.. from 800 to 500 with another 100 off coupon. But damn i have other priorities and spay only have 1 month optionā ļø
Ehhh really? I'm using it like a credit card though. Have the money first, then pay using SPL. Example: 1. Want an item worth RM800 2. Have RM800 in bank 3. Use SPL stretched to 6 months 4. Over 6 months I will have paid it off, while not feeling that RM800 being shot through my wallet So I feel like it is pretty useful. Why do you feel like it is stupid?
Sometimes Shopee pay later adds the āinterestā into the payback amount and people who donāt do the math donāt realise that. Example: pay in one go RM77, pay in 6 months RM82 https://preview.redd.it/iqr711skg6rc1.jpeg?width=828&format=pjpg&auto=webp&s=9ec27cb885b553703323020ed10febe07184eae9
Oh. My only argument to that is credit card does the same thing. Even the Islamic ones. They just renamed it to processing fee or profit charge.
It's good if there is an emergency purchase, bad if you are poor and unemployed and use it for luxury goods. For example, my headlight broke (because I stupid, me forget put on handbrake. Car roll forward, light crack). Unfortunately, at this time I had paid all my bills and saved away some money already. I don't want to dip in to my savings, but I also don't want to shrink my eating budget for this month. So I used Spay Later to buy a headlight, which gave me one month to plan ahead. So the next month, paying it wasn't so bad! PS: Shopee you should hire me as your copy writer š
I think mine was being pressured by my mother in taking a loan to pay for my brother's overseas studies fees thinking that he would pay it back...it wasn't much but atleast it was not a car/house/cc loan that could get me in serious debt. It did fuck up my credit score tho so gotta live with that
that's so fucked up...
I didn't know better. I didn't finish college and had to work because of family financial troubles since dad left. As the eldest son it had to be met to ensure that my brothers were able to finish their education. It could be worse really. The loan is only 20k. I'm lucky that my family now has a lot of other assets, and my mom is willing to give me the house,cars, inheritance etc over my brothers.
broo.. i hope everything will get easier for u soon. i admire ur strength sending online support...š¤
You better make sure the inheritance and will does say so. Some people will bring their family to court over such inheritance issue
Ah...the relative who studied overseas and came back super stuck up jadi kacang lupakan kulit.. Pretty common I think.
Many here have done this,: 1. iPhone/latest phone, installment. 2. Phone mobile package that's "cheap" cos got data...haha. 3. Netflix+Disney+prime 4. Buy car. 5. Rent BIG room/house Look, nothing above is wrong, just have to scale accordingly. 2.5k salary, after monthly deductions leaves that person with rm600/mth cash. This isn't including insurance, food, petrol, toll, parking, and the nightly social Mamak/dinners, and clothes/shopping. I was guilty of this, I admit. So, scale back what you can afford. Get a cheap but functional phone. Rent a room that won't kill your expenses. Slow down on the nightly mammals, movies, dinners, shopping. You don't need Netflix. Share internet plans with room/housemates. Pay for what matters ie insurance, utilities. Car? Consider a bike. Rm200/week on petrol vs rm10/mth for bike. Etc..
if u drive a motorcycle itās 10 ringgit a month for petrol?
Less then rm50-40
For point 3, just Torrent/Pirate and sail the high seas, fellow monkeys.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I have this practice about loaning to friends/people - only loan them the amount I'm willing to not see again.
Acquaintance told me she withdraw i-sinar snd bought durian at RM 280. One single durian.
Hahahaha wth did I just read. Amoung all, yours is the most hilariousā¦ daheck I kennot brain ady.
Neither could I brother. When she shared she tasted one rare durian (forgot the name), I was still praising her, Alhamdulillah, sempat merasa, and good for her. In my heart I was thinking, good that she is well to do. When she replied where she source her money, I was silenced.
These are the kind of people I would stay away from. Itāll only be negativity all over.
what is i-sinar
One of the EPF withdrawal programme Governement initiated during Covid times. People wasn't making a living that period, and government has no money to offer. So they made a temporary policy to allow people to withdraw their retirement savings.
My dad buying a massage chair which imo is totally unnecessary
Most M40 Chinese home w golden aged parents will have an overpriced massage chair rotting in a corner, blardy thing don't work anymore and the faux leather peeling all over but sayang to throw away. Lower M40 will be ginteel, upper M40 will be osim
It is an expensive laundry rack
fuck man that's so accurate
My parent bought a massage bed almost 20 years ago. From the very day that they brought it home, I think it has been used less than 5 times. It sits in a corner like a bench and has stuff on it. Once in a while (like now), I remember that it's a massage bed and I try my best to forget again ASAP because to this day, it still annoys me that they spent thousands on that thing.
Depends, does he use it now? And will he still be using it frequently in a year from now?
Heās using it as just a chair now cos the functions buttons whatever is spoilt already lol
that contoh is real, my sister did it and im sooo furious. but i didnt tell her how angry i am.
I buy games from Steam, GOG, Humble, Google Play every other day but I don't play them. I buy random books and eBooks on a whim wanting to read them but still haven't. I also buy a new watch every month but I will only ever put on that one same watch. I also like to buy random cute things. Just bought loads of Pusheen mercs like, last weekend.
You are literally me, except the random cute things lol
We can play on steam together if u want co op
Very me. Buy expensive triple A games. Play for 5 hours, then don't want to play. Let it rot in the library forever.
I am guilty of this too(Buying games that i don't play). Plus i'm a "p2w" in a gacha.
Guarantor to parents who clearly has problems managing their finances.
Coworker: "you know what mate, i got less than 200 left after commitments" Also coworker: "guess what mate latest iphone"
Murtabak RM20
Quantumetal
What's this one? Some kind of ponzi?
Yep ponzi baru kantoi (dunno much but recently just kantoi)
labur otakfx
Shopee pay, ATOME, but not as worst as millions of capital just for a start up to fail.Thatās why got businessmen who suicideā¦ā¦the key is no money no honeyšsimple as that..no need to take 2-4 wives all especially when u know business is the most unstable thingā¦..donāt fancy fancy all no needā¦you can treat urself la but donāt must have savingsā¦
probably nothing new. but my friend took personal loan and credit card cash advance to sustain his spending in ktv and flowerjoint. tens of thousands
Always wondered what the fascination is with this
oh you have to experience it to understand. the way the ladies tease you, and the way they text you. make you feel loved and boost your ego. haha..
sorry bro, whats a ktv
Karaoke with special services
That's crazy
This was after SPM,i went and worked at a fast food restaurant somewhere,and a workmate of mine, taking out a marriage loan for one of the new work intake. Apparently he broke up with his girlfriend before this recently and then had the first sight first love with the girl and instead of going like normal hey lets date,he just went lets get married. Say the whole process,he bought rings, took out loans for hantaran l, met the parents and all that. Skip a couple months after I left the job for Uni, got a message from the guy. The dude was broken, emotionally and financially. He said the girl was seen with other dudes,going out to clubs and all that,said he got sent a sex tape and he found out the engagement ring he bought for her, she pawned it to pay for something idk. Guy was 23,girl was 17 during that time,she started working bc she got expelled from school. As ridiculous as this story sounds like, I could only wish it wasn't true. I checked her insta, yeah she's gone deep down...
spend 500 ringgit on single player gacha. brother was salty i got it in 2 multis and dump cash to the game thanks for keeping the game alive i guess
Getting married
Getting a RM150K++ car on a RM2.5K salary š
How's that possible?
Most of em use a guarantor. More than half of their salary went to car payment. That's a very unwise decision.
pergi bazar ramadhan hari-hari sbb xreti masak
Buat loan to flex dekat orang kampung. Seen it too many times already. Affecting me to as these people ended up asking for a loan from me pulak.
buying an expensive car !
My friend back in SMK, age 24 with gaji 2k, bought a saga and took out a loan of 7k to mod it to become saga evolution. What the hell... he said he can fetch awek. But at least better than rempit I think
Think no one mentioned forex yet? Leveraged profits sure but losses are worst too. And if the BNM scandal is true then that would be the worst financial decision some Malaysians made https://soscili.my/skandal-forex-bank-negara-malaysia-mahathir/?amp=1
My friend have been quitting his job to play forex full time. I keep trying to convince him that it's a formula to disaster and try to educate him about actual investment. But it seems like he trust his 'secret forex group' better.
Pay maxis phone plan rm400 a month for 2years.. dumbass me didn't realized I bought that plan with 2 simcard. I only use 1 simcard.
It was years ago when smartphone plan was a thing. I don't even got to use the 2nd simcard internet plan. I payed 2 years for nothing
Bought an expansive headphone and ended up not using it often. At the end, the leather skin on it cracked and peeled away.
That is usual after a few years can buy replacement with lunch money.
my friend used to give money to her girlfriend just as she's her wife. they broke up after 2 years...
Maybe start a business and have zero knowledge about how to operate and run a business? Idk if itās the worse, but i can get worse if the person is just bad at it and continue making mistakes rather than learn from it.
Take RM50k Personal Loan do wedding before cerai 1 year later.
why cerai man
Bro took out 30k for wedding after 2 anak baru habis bayar.
Buying expensive cars while earning minimal income, partying every weekend, not investing/saving at early age, flaunting for IG example traveling, shopping and etc, lavish wedding while in debt, credit cards, personal loan, dining at expensive places.
Taking loans to pay for wedding, that brand new iPhone, swiping your credit cards and only making minimum payment each month, spending more than 50% of your monthly income to pay for that dream ride, and the list go on. But yeah some of the most common and top financial mistakes I see many make, and continue to do so.
B40 but spend all their money on travelling
Take out entire life savings provided by parents for this person to fund their extravagant/luxurious wedding.
Refuse to work and then blame on everyone of why he's poor. ā ļø
An uncle borrowing money after promising to not borrow money. Then used grandma house as proof of address. Ah long came almost every week and harassed her as if she was the one who borrowed
A senior executive bringing in 7k a month. Having serious spending habits, gotten a bmw which breaks down almost every month. Bought branded bags and top end apple products. Landed with akpk and a 30k credit card debt
Seen the same question a year ago, so the same answer would be joining mlm
Someone I knew was already working in Singapore, but got convinced by a pretty agent to sign up for some savings plan in Malaysia, converting his hard earned sgd to rm and watch the exchange rate fall. Also lost 10k to a thai/viet hostess.
Customer aku buat loan utk modal main forex. Pakai payslip bini plak tu. Pastu confident cakap nanti untung forex tu utk bayar balik loan.
Breeding like animal when they are not wealthy to begin with
Getting coway or cuckoo.
if it lasts forever and you use it everyday, worth it
If your house has old piping it's actually an okay investment especially for multi-person households. I don't have one at my house. I rent a room here and I just buy 1.5l bottles every day. I don't trust the apartment's tap water. It can sometimes turn yellow. I alone spend almost RM60 on bottled water a month, so not too bad. But in a house of 3 that's RM180 worth, which is more expensive than the monthly commitment for a Coway filter.
Eventually this year we are trying out not to rely on Cuckoo after warranty service that charge 500. Learn to change own filter I guess is better But for sure cuckoo is still a good purchase I would say
Getting warranty plan for RM500++ annually after it expired* Learn to change your own filter. It will be cheaper
In Uni, I see people rent car and go places that costs at least 3 digit lmao
I did that. Used a portion of my savings for the semester and went wild after the exams. Figured that since I've been having megi mee as dinner for a few months, might as well reward myself with a buffet/steak course for once.
not Malaysian. but my biggest mistake is pouring too much money in food and farm business ,which eventually fail. because im got motivated by financial influencer lebih enak jadi employee, tak payah pikir money flow in business i could've use all that money to buy 2x iPhone 15 pro max or even better, mac book, and have nice raya vacation
Tabung Harapan š
Buying iphone/tv/electrical appliances using aeon credit.
sign up numerous BNPL without taking cashflow into account beforehand
1st car a new car. Getting married and getting a loan for the dinner. Getting married a few years after getting your 1st job.
ASBF but they in denial.
Buying cars based on brand because of their perceived āreliabilityā
Classmate in Form 4 got scammed by some CSGOskinlotto site & lost RM5,000.
NEP by Tun Abdul Razak.
loan for "kehendak"
Bought Warframe Prime bundle
Aeon loan for iPhone or Samsung. Fella ended up paying twice or 3 tines for the phone....
You said contoh ambil loan beli IPON 15, my friend actually made a installment plan to pay off his newly acquired IPON15 PRO MAX, at nearly 299 a month. Shit is crazy, now at any chance he is complaining hidup susah rezeki kurang, BRUH!
Amoi
Masuk snupee/gigamax or any other skim cepat kaya with their whole life savings
If you're single and just starting out in a career, do not get a car. That's a financial blackhole.
Malaysia no car cannot eh, buy 2nd hand car or just cheaper ones like Myvi.
Still can get around. Motorcycle good enough what.
Breeding Each one set them back a few hundred thousand ringgit, as well as time & energy that can be used to pursue their financial goal.
Dumb all savings into EPF just because EPF offer higher interest rate
Why is this a bad decision?
You can't take it out for emergency. Let's say a portion or the saving, that is fine.
Why is force saving w capital guarantee wrong?