Earning Salary More than RM 5K, Those below 28, share ur tips here!!
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 May 4 2007, 10:13 AM
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#1
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1,356 posts Joined: Nov 2006 From: An Illuminati organization ..  
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QUOTE(gsuave @ May 4 2007, 09:55 AM) It really depends in which industry you are in and what sort of person you are. I was about 27 when I joined a company that paid me >RM10k/mth (before tax and other deductions). It was a local investment bank to be exact. Before that, I was earning around RM6.5k/mth, also in the financial line. So, earning >RM5k/mth at age 25-28 is definitely possible in Malaysia, but depends on your qualifications, and what industry you're in. |
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May 4 2007, 10:40 AM
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#2
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QUOTE(WaCKy-Angel @ May 4 2007, 10:37 AM) Bragging is it? The nerve of you! I'm just being matter-of-factedly here!  |
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May 4 2007, 12:06 PM
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#3
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QUOTE(KVReninem @ May 4 2007, 10:58 AM) hey, what is ur qualification? Degree in Finance. Started work when I was 22 yrs. |
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May 4 2007, 12:27 PM
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#4
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QUOTE(killdavid @ May 4 2007, 12:17 PM) Of course, I just turned down a job offer > 5K just to remain in my hometown. Man power cost in Malaysia is indeed rising Hmmmm ... Bear in mind that the cost of living is also escalating rapidly ... |
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Jun 27 2007, 04:09 PM
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#5
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QUOTE(tinkerbel @ Jun 25 2007, 06:27 PM) And would this be considered 'independent'? Awesome achievement! You're saving a substantial portion of your salary, which is one way of achieving independence. Make hay while the sun shines, as things may change once you commit yourself to a mortgage, have kids etc.Monthly Salary : RM8k Food : RM1200 Car Loan : RM1600 Petrol & Toll : RM600 Bills : RM500 Entertainment : RM500 Folks : RM600 Savings : RM3000 Financial independence usually means that you can live off your savings/assets i.e. you have so much savings/assets that generate you interest, dividends, income that you can live on. Say you have RM10 million in the bank, which generates RM400k in interest annually. You then live off that interest, and never have to work or worry about your finances. That's being independent. How much you need to be independent is completely subjective and relative to your current and future needs. |
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Jun 27 2007, 04:52 PM
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#6
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Senior Member
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QUOTE(Kayne @ Jun 27 2007, 04:43 PM) He got the point there. The example given on Mr A was common for most fresh graduates in Malaysia nowaday. So looking at the situation, A fresh graduate should be paid at least RM 2200 as minimum wages to be financial independant. Absolutely. Your second para says it all. Someone gave an example of how it was living in 1997 on ~RM2k salary, and having to live on that now in 2007.Stop talking about those learning first and money thingie bullshit. Who doesnt understand that. In order to motivate a worker, you have to put yourself in his/her shoe. Mr A simply cant tell the landlord/bank about he's earning lesser now , so he can pay lesser...... landlord will tell you to find another place and bank will charge u more interest rate. Many are consider lucky as they have no commitment to bear. I have friends like Mr A who need to work extra work after working hours to support his living. The point is that most Malaysian employers want good quality workers, but are not willing to pay good wages to obtain and retain them. The flip side is that Malaysian employees may not be worth that kind of money if they are unable to add value to a company. It's a structural problem that badly needs to be addressed. Otherwise, the brain drain trend will continue, as the best Malaysian workers will go overseas where the money and intellectual stimulation is superior, which equates to better job satisfaction. |
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