Whilst Klang Valley is the most expensive state/area in Malaysia, it also has the best jobs and opportunities. Experienced professional jobs with 3 - 5 years experience can earn RM6,000 - RM12,000 these days. Once you hit 30's, you will have the housing component, i.e. rental or loan instalment. Usually, when you hit 30's and you are in a good field, you can earn more than RM10,000 already, even up to RM15,000.
I was saving 70% take home income when I was earning rm5k a month, why need a car when the monthly pass for unlimited trains and buses only costs RM50 a month? Insurance is not a necessity if company has healthcare benefits. You don't need to eat rm15-rm20 meal. There are still rm7-rm11 meals in KL, drink water in office, don't need to order drinks.
It is still possible to have rm20 daily budget for meals in KL. Choosing the right place to eat, even near KLCC area there are meals rm7-rm10. Breakfast just simple would do or could just skip.
If possible, don't own a car. Repairs, tyre replacement，insurance, road tax, license renewal, fuel, toll and parking fees put together are wealth killers.
For Malaysians, it is quite necessary to own a car as the public transportation system isn't well connected everywhere and sometimes it takes a long time to get from Point A to B.
@@corporatebreakoutcouple That is why I mentioned "if possible". I am aware and appreciative of your point though. In Malaysia, public transport network is not well integrated enough and lacks coverage for many areas, even in highly urbanized Klang Valley. On top of that, feeder buses and KTM are a pain in the ass to wait for，while MRT and LRT only cover certain areas.
@@corporatebreakoutcouple I have relatives who take MRT to work. But most of my relatives have to commute to work by using their private transport. My mom had to commute to work by her car. Monthly, every expense related to her car takes up at least 1/4th of her paycheck. She is paying installment for a car loan. My aunt used to commute to work by car. But once MRT became available, she switched to MRT in no time, citing cost and peace of mind. Rush hour traffic congestion is horrible. She lives in Cheras and works in Bangsar .
When we traveled back to Malaysia for the holidays, my wife (born in PJ) met up with her girlfriends. They went out shopping at a mall. My wife looked at the prices and thought she saw bargins. Her friends told her she was looking at the prices from the standpoint of someone living in the States and not a local. I still think it is difficult for the average person in Malaysia to make ends meet. Appreciate the vlog.
Thank you for this sharing. Yes, it's cheap when one converts into their home currency. RM100 blouse is only USD21 but if someone is earning RM5k, buying that blouse is 2% of their monthly salary. For 1 item of clothing
@@corporatebreakoutcouple I think most who loan are not able to leverage. They are just going by the norms . Monkey see monkey. And most likely they are just trying to "afford" what they are unable to afford. Some have defined affordability as work till you die to pay the mortgage. English is very fun one
@@LonganLee Yeah. The normalization and pervasiveness of using debt for big purchases , lead to more debt slaves which are revenue sources for lending institutions.
@@abellyold4859 likewise, High COE does not benefit the dealers because they do not receive or earn the COE. High COE benefits their Finance companies who funds the dealers ability to import cars in exchange for the condition that car buyer must loan from the finance company else pay higher price and this force most car buyers to take the loan. And now interests skyrocket. So it's the finance companies that are the evil forkers
Loan is the ultimate way to seize the opportunities but due to Lust towards anything and everything, human tend to see the loan is a downfall towards financial stability.
Solution: be stingy and only eat/buy what you really need. Having less money doesnt mean you cant enjoy life but you need to stop wastage e.g. electricity, food, water, driving like an idiot consumes more oil, etc...
Put also education for kids...and money send to parents... Personal loan, credits card and tax,road tax,door tax and everything... Ue formula 1/12 is better... So we may know how hard life in Malaysia after mco
RM5k take home is poverty level in KL for the lowest level people, you need at least RM50k take home for an 'ok' lifestyle (luxury condo + high quality food etc. not high carb trash). >RM100k a month for a comfy lifestyle but still not even wealthy yet
@@nicholasjack833 only the 1% population, usually business owners will earn RM100k a month or more. Hardly any employees, even C-suite folks earn this much a month.
@@corporatebreakoutcouple Yes top 1% indeed. Actually there are quite a number of web3 people living here that are making that much. It's something not many of you normies are aware since we are below the radar lol
We should go life policy then the medical cause, worst case scenario government still providing us medical but not cash. Apa macam suka ka so create cash.
Our advice would be to work on side hustles and upskill oneself to earn more. Don't play within the small amount and lock oneself up in this small box. Expand the box by earning more.
I used to save about 50-60% of net salary when I was making RM2.8k gross salary. Can refer to my other comment for the breakdown for RM5k take home income with 70% savings, but downgrade telco to rm25 prepaid and remove all entertainment/travel/subscription. All entertainment using free online sources via home broadband internet or mobile data. Doable but comes with sacrifices on quality of life. Proposed RM2.8k breakdown: 1. Transport RM50 (unlimited monthly pass for bus, mrt, lrt, monorail) 2. Telco RM25 (Yoodo Prepaid - 20gb data + 100 minutes call a month) 3. Food RM600 (RM20 a day x 30, eat out x2 meals everyday) 4. Pay for whole house utilities(water, electricity, internet) RM300 5. Insurance 0 (Company medical) 6. Others 0 (Entertainment, travel, subscriptions, nicer dining) 7. EPF/Sosco RM350 (Estimated) 8. Savings RM1.475k (60% savings on Take Home Income)
Hi, i am from Pakistan and just got an offer of 14000 MYR in KL. My company wants me to relocate to Malaysia. I have a wife and 2 school going kids. Can you please confirm of this salary will provide a good living for my family in Malaysia.
@@corporatebreakoutcouple The company doesn't cover schooling expenses. As per my research schooling for one kid will cost between 1500 to 4500 MYR. 4500 is very high end international schools to be honest a rip off. 1500 is affordable but with O levels I think home schooling or online tuition is a better option because syllabus is same and kids just have to appear in the exam. I think in 14000 MYR you can still afford 1500 per kid but savings would then be reduced to around 2000 or 3000 MYR
Sitiawan is small town in the state of Perak. We have been there before, for a short day trip. We cannot comment on the housing there as we aren't very familiar.
