Making rm150k is not alot of money if you want to start a business. Lets take rm150k for e.g. at that range yr tax would be 20% mark. Plus epf would amount to 33% gone. Take home pay would only be rm100.5k or rm8.4k a month. Assuming he takes a 5 year car loan on a toyota altis or honda civic that would easily set him back another rm1.2k-rm1.5k. Plus parking, toll, etc easily all in rm2k a month. He would be left with only rm6k per month. And with all the drinking, expensive lunches, dinners, ktv, spa and all those things ib people "live it up" I would be surprised if he can save rm3k a month or rm36k a year. How many years would he need to generate rm1m of capital to start any decent business?

This post has been edited by robertchoo: May 18 2015, 12:10 PM

Hmm...work 12 hours daily including sat/sun, no life and only eat rm5 canteen...nah. no point having money when you can't spend it