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 Let's Talk Salary v8, Sharing Thread

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miong93
post Apr 28 2019, 01:25 PM

~ Fulamak ~
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1,236 posts

Joined: Apr 2013
Hi all sifu,

I'm 26 working in IT field and currently earning 6k myr per month, before tax.

Was wondering for my salary range is it considered below ave or average in Klang Valley.

For me 6k (5k+ after tax) is not really a lot if you plan to live in here for long term, especially with all sort of commitment.

I did some analysis on my own spending, with this salary seems like it will be difficult for me to get a house as well.

My spending:
Rental: 650 (all in)
Car: 1k (loan+parking+petrol)
Insurance: 330
Food: 800 (include dating, as i usually pay for food when im dating with gf)

With only these it already sum up to roughly 2.8k. That leave me around 2.5 or 2.6k. This is without factoring in car maintenance and also giving parent money. Also if i was to buy a house, it will leave me with almost no saving per month.

So just want to know the average earning we should at least have, maybe at 30 to at least be able to live in Klang Valley with own house.

I,m setting a goal for me to earn at least 10k in 30, but not sure that is realistic or not.
miong93
post Apr 28 2019, 04:34 PM

~ Fulamak ~
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Senior Member
1,236 posts

Joined: Apr 2013
QUOTE(yunodie @ Apr 28 2019, 01:36 PM)
you are doing fine. When i was your age i was only earning MYR4k. Keep putting in the effort in your job and you will be ok. Meanwhile, start saving more for a downpayment of a, say medium cost apartment at 300-400k closer to the city. Buy what you can afford, not what you want/like/your parents want. Upgrade later when you can afford it.
*
Thanks for the reply. Yea agreed I should aim for what i can afford.

QUOTE(hiroshi87 @ Apr 28 2019, 02:50 PM)
FYI I have met many professional in IT getting more than 10k in their early 30ish. instead of thinking, u need to act on it.
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Thanks for the reply. Mind share what exactly is the position they are working on? As in programmer? Or involving sales etc etc. IT industry can be huge, so maybe a little more elaboration will be better.

Yea i agreed i should do more than think. Thats what I'm doing currently as well. Been trying to work hard to gain as mch explosure and knowledge as i can.

To all,
I was wondering will slowly switching to management level yeild greater gain or continueing in technical area (like senior developer vs pm?) yield better gain? In term of IT industry.

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