Today I read about the news that Malaysian Average household income RM5,900. TARAF HIDUP RAKYAT MALAYSIA SUDAH MENINGKAT. I am not sure if the headline is properly phrased.. Lets do a simple calculation here. I have to assume that you are living on an Average Standard because that is an average income of RM5,900. So.. lets see. We start with buying an Average house at RM400,000 in KL. Own an average 1 car plus your spouse has to train or car pool with you. Yes it is an average train. You expect this: House loan instalment - RM2,300 Car loan - RM900 (maybe a Toyota Vios?) Petrol - RM600 Personal insurance - RM500 (Life/Endowment and Medical, for 2 persons) Food - RM1,000 (for 2 persons - so you are surviving on RM500 per person or just RM17 per day. If you wan better decent meal, skip your lunch or breakfast) EPF deductions - RM600 Total Outflows - RM5,900 Sorry guys - you really have nothing left for extras. So invitations to Birthday? Wedding? U better dont go because u have to fork our cash. Traveling and tour? - once in 5 years or go twice a year to beach/lake garden - picnic there. Oh yes, go fly kites.. Buy BRANDED handbag? Petaling street version or risking urself with never ending credit card debt Having a kid? Make sure ur kid is a young model to generate u some recurring income from advertisement or else you gonna add another RM1,000 of expenses to your monthly bill. So a rise in the average income is NOT a rise in the living standard because you virtually live in more depressed situation. I suggest, to escape from this situation - you better get qualified. Have a good job that pays well. Upgrade on your Presentation skill - you go NO WHERE commercially if you cannot sell well. Save your fund and invest. Guys, Wishing you a Happy Mid-Autumn Festival. Best Wishes ahead. Calow.
Posted on: Mon, 08 Sep 2014 06:27:34 +0000
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