That's a load of bull crap. I would estimate 10% of working people in Malaysia make more than RM5K per month

@DaBestOne,
If one is merely studying just to pass the exam, there's really no point doing it cause he won't be learning anything. In fact it's a total waste of time! In order to upgrade urself, u'll need to learn right? Education isn't just about the papers and theories, there are lots of other things to it - it cultivates and build certain character and traits in u.

@tishaban,
Yeah I know that was OT - but well, hEHheeh i oredi typed it in so *LoL* submitted it anyways *grins* I'm not sure if that Stat given is accurate but I wouldn't be too surprised. Imagine all the information available if *someone* actually bothered to look into it! I'm sure it'll be v interesting too!

@killdavid,
Most people consider >RM4k to be affluent oredi. 10% of the entire population to be earning more than RM5k may be a bit too high *shrugs*. Then again, we can alwiz do a rough calculation.... we've got information on per capita income and population *grins*

PS: I failed Maths so don't ask me how to do it ! *grins*

Well, 5K before 28 is very much possible if you're in an MNC. I'm just keen to know those that do 10K at 28

Anyone cares to share some success stories?

25, consultant in a chinaman co providing erp solution. I'm getting basic 4k + allowance ard 5k depending on where i'm posted.
My peers in mncs already earning 7-8k... envy

Get some side business income. Probably you can start something like LY.net, but you gotta start early. Actually, if you have a long term plan in mind, it will generate some income for you. Thing is, don't give up too early.

I started my web stuff when I was around 23, too bad i did not have the patience to go through it as I was busy with my work which pays a mere 3k salary and ignored my web. It was too tiring to handle it alone on the weekends (I had no life ). I would have made a 5-figure if I chose to stick around. Nevertheless, I saved all the money I worked and start-up some side income business which requires me only to work 3 days a week, and only 1-2 hour per day (So it's around 6 hours a week). So far, it's generating around 2k/month for me, with an initial investment of 20k. By next April, hopefully I get back my investment and get the 2k/month as part time income.

For young guys, starting a web-based e-commerce stuff don't need a lot of money in the beginning. It just need some time, smart planning and knows how to get web traffic. you need to be smart and plan ahead what you want to do.

For old man like me, gotta throw in some cash and wait for the investment to grow. I simply have no time for web farming and taking care of it since the older we get, the more commitment and workload I have due to higher positions. I can't simply quit my job as it's paying quite well, and at the same time I'm looking ways to break the 5-figure barrier.

Perhaps se7en would like to share some of his sucess stories with LY.net.

My friend earning 20k per month, drives a perdana V6, owns a house in Bkt Jalil, and he's just the same age as me---23.
No qualifications, only SPM.
He drop out from MMU, found a job which was not quite legal in Msia, expand his network, earned enough assets, and now is a director of a legal reseller company for telco.

Moral of the story: you can get high pay if you work hard and get good social network!! Qualifications comes in second nowadays.

I agree that if you want to earn more than 5k at age of 28, you should either work in an MNC (Europe or US) or start your own business. Working in local company seldom will give you such opporunity. Cause their currency is higher than ours, RM5k is like low cost labor to them in their country, they are more than willing to pay you that.

This post has been edited by p4n6: Oct 8 2007, 08:28 AM

errrr....pls pardon my straight word...
We're talking about earning legally so pls do not put in non legal into the discussion.
Many illegal business are very lucrative. I.e. high risk high returns (rules of thumbs).

Yeah, do agree that networking is very important in real life. Right connections........

@clawhammer,
MNCs offer more opportunities hence the greater the chances for moving up the ladder but I wouldn't say that such opportunities only exists at MNCs - there are just fewer examples that's all

PS: I'm not in the category u mentioned *grins*

@sauyin82,
I'm sure there's a good reason ur staying on despite being 'under'paid by almost 40%. And that's just on gross income, not taking into account the total remuneration package and other perks *grins*

@stupidbump,
Y would u wanna do something which isn't too legal just to make $? Maybe u should relook at the 'Moral of the Story' from a different perspective too!

@p4n6,
If u decide to start ur own biz, don't forget there's also a possibility of NOT drawing a salary *gulp*

life could be the other way if he was arrested and send to jail, or you wanna say the job he doing is not legal and not against the law ?

what you say is half correct half wrong ...

like some drop out from spm, he initially work as car mechanic for RM500 a month, then 10 years later, he is good experience enough to open a car service shop and become own boss ... far better then those degree holde that most end up as 9-6 workers ...

still, it is a up to individual ...

i strongly believe no matter what field you involve, there is future ... (but not apply to toilet cleaner)

I think nowadays if you keen to earn more, regardless of 5k, 10k & 20k even 50k, and you just need more social connection and work it out with other partners. You cant work alone to make yourself richer. Trust me..

quite true indeed. I know someone who owns a logistics company and is a millionaire...form 3 dropout
maybe he didn't have money to continue studying...either way he's a genius in his field

yea..that's my point. YOU DON"T NEED GOOD GRADES TO LAND A LUCRATIVE PAY!

---

Added on October 8, 2007, 3:25 pmThe point here now is not whether legal or not.
my MAIN POINT is that nothing is impossible.
you don't have a good grade doen't mean you can't earn good money!

In the end it all comes down to how you built your network and your socializing skills!

This post has been edited by stupidbump: Oct 8 2007, 03:27 PM

understood.
Even robbers could earn quite well....seems they have good connections with the gold smiths.
or better example; pirated VCD distributor or drug pushers...
their connections are wide.

But if we're talking about getting into a company, especially MNCs; basic qualification still holds.
remember in the other topic you mentioned that your uncle picked all CGPA above 3 in his selections which is his first priority, than only further eliminate by looking at appearance.

Yes, indeed networking and connections played a role; no doubt about it. But also with those, you need the right knowledge too. Knowledge needs to acquire either by studying or experience. Don't tell me one can climb up and earn so much if he has no knowledge or not an expert on what he is doing. Even those illegal business which I mentioned, they succeed because they are well versed in what they are doing.

Ya..i get your point bro...i was just pointing out that those who can't get good grades too can earn more than 5k a month!

I found it astonishing that a lot which doesn't have good grades or even sch drop out got better earnings in life. This is legal business I'm talking about(though a lot can be gained non-legal ways).

The theory that I came out with is that they have a bigger risk taking appetite as compared to graduates. Graduates like me seems to be cultivated to analyse on every move we take. Weight the Pros and Cons, risk involved etc...
Thus a lot of time, after this through out thinkings we kind of felt that it's too risky to our liking.

But to a lot of this guys (a lot of my friends too); they just never really go into the depth. As long as it's workable and after some initial thoughts and planning, they would just go right straight into it. It's their determination that helped them succeed and I admire them for that.

i guess most important is ourselves how far we wanna go to get those extra income etc .....

YES...totally agreed!
It all comes down to how you look into it.
Me myself want good nite sleep without police come knocking on my door..so I stick with my current 2.6k salary job!!

well if u do those that are legal, you don't have to worry about the police .....

but still, you need a genius/brave brain to have a lucrative pay...

like people mention above, those who earn 10k++ a month, i believe they have good 'business cell' inside their brain ... else they wont success ...

people said uncle lim having low education background and dunno speak proper english but he is a genius in doing business ...

every 1 can easily obtain a degree but not every 1 can success in doing business and earn a lot ...