Man’s RM36,000 Savings Deemed “Useless” By “Financial Experts” Due To Inflation
The man’s impressive savings, accumulated by depositing RM500 monthly for five years, have ignited a fiery discussion on social media.
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Brace yourselves, savers.
One man’s inspiring savings story takes a shocking twist as “financial experts” declare his RM36,000 nest egg “useless” due to inflation.
The man proudly shared his accomplishment on social media, hoping to inspire others to start saving early.
However, his post quickly attracted a swarm of online “financial experts” who poured cold water on his success.
It quickly went viral, attracting 3.1 million views and sparking a heated debate about the best ways to protect and grow wealth.
Kemain jahat lagi mulut orang yang pertikai. Owner cuma tunjuk cara menabung je. Takkan nak tunjuk segala acc ASB, TH, Harta puasaka atok nenek dia yang dia ada.
— شَ (@arynotes) September 3, 2024
Invest 1k sebulan tapi merentan hujung bulan takde duit pun, tak guna jugak.
Inflation-Busting Investment Ideas: Stocks, Real Estate, and Crypto
One “expert” warned that keeping all your money in a bank account is a surefire way to see its value disappear.
Some suggest investing in assets that can keep pace with or outperform inflation, such as stocks, real estate, or even cryptocurrencies.
Others argued that everyone has their own money management style, and the man simply chose the safest, most conservative approach.
Supporters of the man pointed out that he is not obligated to disclose his other assets and investments and that the savings he showcased may only represent a portion of his overall financial portfolio.
He later clarified that he kept the money in the bank for emergencies, ensuring quick access to cash when needed.
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