QUOTE(crazy25kid @ Nov 4 2013, 03:47 PM)
i do not think there is anything to debate
first off...if u take into consideration the exchange rate...personally, you are already losing.u will be working and living in SG spending SGD...why are u converting it into RM?
you are not spending RM in SG...it may become a debatable point if you travel everyday across the causeway
but still, exchange rate should not even be taken into consideration.
where you retire is uncertain, so never take that as a factor.
if u earn RM10k, and settle for SGD5k...the amount you get to save does not necessary be more when you convert it back
why not factor the amt you might save if u got a job at SGD9k or even 10k or more?
FX rate is important.first off...if u take into consideration the exchange rate...personally, you are already losing.u will be working and living in SG spending SGD...why are u converting it into RM?
you are not spending RM in SG...it may become a debatable point if you travel everyday across the causeway
but still, exchange rate should not even be taken into consideration.
where you retire is uncertain, so never take that as a factor.
if u earn RM10k, and settle for SGD5k...the amount you get to save does not necessary be more when you convert it back
why not factor the amt you might save if u got a job at SGD9k or even 10k or more?
wonder why an Indon want to work as maid here with just 3 digits take home vs 6 digit rupiah back in their country? The maid in SG might earn as much as office worker in Indonesia.
for a person that do not wish to set root here (not buying any property, family in MY), net saving is his aim.
so be it SGD, USD or GBP, It is the final amount in RM that he send back home (for house, car, child education etc) that count.
If the FX rate is 1:1, your living cost in SG will be even higher. By then who will continue to stay and work in SG?
Good for you if you get 1:1 offer but for a person who can't get at dollar to dollar matching jobs in SG, he is more willing to accept a lower paying jobs in SG as long as he get more saving (this is where FX rate come in). How low? 80% or 50% depend on how desperate the person need the extra saving. This is the reason why we have huge influx of FT in SG.
Dollar to dollar, it is cheaper to raise a family in MY subject to political abuse. While some of us have higher taste and life style and unwilling to accept a 50% cut in salary, I don't see a reason to discourage other people who trying to earn the extra saving.
Nov 4 2013, 05:05 PM

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