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 More than half of MM2H participants not renewing, bye bye $$$

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aspartame
post Sep 30 2021, 12:30 PM

Look at all my stars!!
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Senior Member
3,165 posts

Joined: Feb 2015
QUOTE(invinciblevoice @ Sep 30 2021, 11:35 AM)
RM1,000,000 Bank Deposit + RM40,000/month offshore income, you can live ANYWHERE. Only sohai would pick Malaysia if they had that kind of money.

Malaysia just removed itself from the list of FIRE destinations for most people.
*
Actually, got 2 killer areas..

1. RM40K per month income
2. 3 months stay per year

These 2 together are killers. First, not many have passive 40k income. If they are working, rm40k is quite achievable BUT they need to satisfy 3 months stay per year! How to keep the job and still satisfy 3 months stay? Some of them work oversees and relocate their family here for education and medical and low cost of living. The 3 month requirement killed them off.

 

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