A 35-year-old Malaysian woman has caused a stir online after revealing that her EPF (Employees Provident Fund) savings are on the brink of reaching RM2 million.
Her financial journey and the strategies she shared have sparked widespread discussion, with many netizens eager to learn from her disciplined approach.
In a social media post, the woman shared that her financial success is largely due to three main practices: consistency in contributions, letting compound interest work its magic, and receiving promotions and increments within the same company.
She held a well-paying job and chose to grow within her company, advancing through internal promotions and regular salary increments rather than job-hopping.
Maximizing self-contributions
A few years ago, she discovered the option of self-contributing to her EPF and decided to make the most of it.
Since then, she has been contributing the maximum annual amount of RM100,000, supplementing her employer’s contributions to significantly grow her retirement savings.
This strategy, paired with her decision to avoid withdrawals even when her savings exceeded RM1 million, allowed her EPF balance to grow steadily.
What set her savings apart was the compounding effect.
While it took her a decade to reach her first RM1 million, she managed to nearly double that amount in just three additional years.
Last year alone, her dividend earnings reached RM80,000, pushing her total contributions—including self-contributions and dividends—to almost RM400,000.
