Planting seed money to my children at early age

As the cost of living is rapid increasing, seed planning also need to be done for my children account. As a result, by the end of 20s, will not have any problems especially regarding education, fund, transportation, cost of living and other aspect as well.

Seed planning need to be done as we want to take the advantage of ASB as ASB only limit one person for one account and the maximum value to be invest is up to RM250,000 only.

How much money do I have in the coming future?

As a preparation, this is the provision of accumulated money :

1) Investment :

i - RM10,000 = RM132,676.78

ii- RM20,000 = RM265,353.57

iii-RM30,000 = RM398,030.35

iv-RM40,000 = RM530,707.14

v -RM50,000 = RM663,383.92

2)EPF and KWSP

with minimum constant income of R

M2,500, It will contributed around RM500 every month and RM6,000 every year. (Ignored increment in salary)

So, With 5.5% divided by KWSP, the future value is = RM434,612.87

3) Properties and Assets (Ignored)

4) Business (Ignored)

Summary :

i - RM10,000 = RM132,676.78 + RM434,612.87 = RM567,288 (RM4,254 monthly income)

ii- RM20,000 = RM265,353.57 + RM434,612.87 = RM699,965 (RM5,249 monthly income)

iii-RM30,000 = RM398,030.35 + RM434,612.87 = RM832,642 (RM6,244 monthly income)

iv-RM40,000 = RM530,707.14 + RM434,612.87 = RM965,315 (RM7,239 monthly income)

v -RM50,000 = RM663,383.92 + RM434,612.87 = RM1,097,995 (RM8234 monthly income)