What a filial son. Kudos to you. Similar situation, my parents lost money tru some genneva investment and sold their pg island house. When they wanted to move back to island I gave my first home and moved out to another condo however they paid off my mortgage for my first home as well as study loan. I really appreciate to have parents who are responsible

Responsible parents should build and have their own retirement savings and property asset, and not to rely on offspring to sustain them at old age.

Can feel the pressure definitely, I had the same thought as my parents are from a very humble background. Not well-educated, little to no retirement savings as they had spent all they made on us. They had little knowledge on financial planning with little money left for them to survive, let alone retirement. With a rather low starting point, I did blame them (I shouldn't have) and often bitter about my upbringing. At one point, about 50% of my income were gone to support my parents. Fast forward to now, after my mum left me forever, and i'm glad that i've done my part to support and sustain her, though it was indeed tough then. Now no money can buy her back. Din, like you said murah rezeki tolong ibu bapa, you've done well and keep up the good works!

Din, thanks for daring to bring this up 😅. And really good feed back by Sean!

I understand your pressure and I think the immediate problem to solve is your personal space. Find an affordable rental to recharge yourself or go staycation during weekends. It will give you a different perspective before you make your decision to get a second house. Owning a second property will divide your attentions because you need to manage it. Make the decision when you have more confidence in your job stability.

Taking care of parents wholeheartedly will bring you god merits, good karma and success.

Just a short story sharing.... My uncle used to live at kampung. His son and daughter have their own families, some lives in city or stay at kampung. After my uncle retired, he have a saving of RM300k. He retired at the age of 55 and will keep boasting how rich he was to us and cant spend finish his money as he did not have any commitment anymore. (My inner heart voice is like 300k consider rich meh??) His mindset is like... aiyaaaa my son and daughter nonid me feed ady... Sumore they every month they got give me money spend... Nonid work la.. After a few years, all his money spent finish, maybe gamble. Moreover, his health condition getting worse and found out it was cancer stage 4 (passed away already). All he passed down are debts from medical and funeral fee. Not sure is generation or kampung problem, i always heard this incident from kampung or that generation. 🙁

Choose your parents carefully. I recommend Lee Kar Seng. For those more tech enthusiasts, can try Bill Gates. I heard they are both very supportive parents. lol

Good advice Sean!

Wow! Sean, u give wonderful advice both on properties as well as personal advice 👏 👍 😀

This topic resonates so much with me and its so sensitive in Asian culture. BUT Not every parent has the financial literacy to plan for their retirement. My mum made a lot of money when she was younger but never knew how to keep them or invest them. It takes only 1 bad “investment” to wipe out all her wealth. I am still blessed to have finish my education with no loans but now she is stuck with a house in penang with her high monthly commitment of 4k. I sometimes wish that she had the financial literacy to make the “right move” so we are not stuck in this burden. Also she really see me as a retirement plan because she “spends the most on me” as a single child it stressful but i would like to take that’s blessed burden 😂

Bro, very good job. Just do your part so that you have no regrets later and God will always help you in many ways. Dont forget to love yourself also and be happy. We can always change our plan a little to accomodate everyone.

The child cannot choose where he/she is born and who is his/her parent. The couple who bring the child to this world has ALL the decisions. Thus, the burden of responsibility is on the couple , NOT the child. The couple cannot demand the child to feed them or take care of them when they aged. The decision should be determine by the willingness of the child.

As a parent, you have a ton of time to prepare for your retirement by compounding time and interest from stocks, property, gold, ETFs, etc. Especially if you are a boomer as it was much easier to accumulate and build wealth during their era. Despite all the time and opportunity available, if your best retirement plan is to depend solely on your children's paycheck, you have failed as an adult. Your children are not your retirement plan, likewise your parents are not obligated to pass an inheritance. Be financially responsible pls.

Thanks for the great video :) I just want to ask what is your opinion on Sunway Alishan as I saw that you did not review on it haha :) thanks Iherng

Never buy a place thinking you can stay or rent it out. Intention must be very clear. Safe play is to buy a subsale positive cash flow high demand rental property that can be easily rented out. It’ll be less stressful than buying new where you need to serve the interest payment before getting keys to rent out. Thereafter rent a landed house to stay yourself as rental is usually cheaper than paying installment for this class of properties.

Sean, nice watch by the way. Do you suggest to clear housing loan in 10 years ?

Can observe how our parents treat their own parents. I always feel sorry/pity for my grandparents seeing how they being treated by their children. Is it very bad I always wanted my parents to be treated the same way how they treated their own parents? Let them rasa sikit. But another side of me always has this dilemma feeling otherwise cause I don’t want this toxic thing happen to my next generation. Emotionally drained out 😖😭😤🤯😣😖😩🥺☹️😞😵🤮🤕😮‍💨😪🫨🫥😑 Haha mcm dah out of topic dah 😂

almost at 100k !!!

Sell the house and buy a dual-key unit. One for parents and one for his family. Alternatively, don’t get married and remain single until both parents pass away. Difficult to be sandwich generation. You’ve to be financially well-prepared to take care parents and children.

curious to ask regarding about e invoice to the tenant. does that mean the landlord have to charge them on rental tax?

Dean, my humble advice to you would probably is to find a permanent secured job. And earn as much as you can to have more breathing space financially. Then you decide what’s next.

Hi Sean, We are thinking of retiring in Malaysia next year, inshallah. My husband is not local so we are thinking about renting an apartment for about 3-6 months while trying to get his paper work ready. Questions - Is that such thing as short term rental?

That is why i work fking hard NOW. never know when parents fall into big illness or need support

where can i find property club for investment?

Your parents bring you up and take care of your children. Sacrifice had not price tag.

How will a B40/B1 gonna own 3 properties? Makan sudah susah Malaysia is not only high income earners Dean makes 15k a month, pay off the loan. Then pile up cash, in the mean time rent a apartment with wife, sorted

Wow seems like someone wearing submariner hulk Rolex 😊

Your feelings are your own or also your spouse? Be as responsible and caring towards your parents for as long as you can. Regrets are nonsense if you make decisions selfishly.

BRICS

Sad to hear if you think your parents are a burden, a filial child should think it is an honor to able to care for their parents meanwhile still alive. Would you think your parents a burden when they pass on to you some inheritance?

When you were young and infant stage, you were a burden too.

Horrible headline...hope this is not your view.

When your an infant you're burden too. I bring u to this world as my ROI. Without me, there is no u. KNN u didnt learn Pendidikan Moral b filial to ur parents. Ungrateful kids. Always b thankful