Thus the passive income, the whole idea is to have it fund the expenses should shit hit the fan.
Keep expenses to the minimum, save and invest as much as possible. Rinse and repeat.

Those handyman work only get paid well in countries like Australia, UK, USA

Passive income is the best. Like properties. Buy at good location.

Property in Malaysia is dead. Unlikely will revive anymore with the current demographics. Just a money pit.

Just buy at good location

Myself I’m doing quite ok

Which location can give yields above 5% now? Can choose any location with price from 2015 onwards. If you buy before 2011, then understandable.

If you are single, its an opportunity to find China wife since many coming here.

Aside from that, yes its getting far competitive.

A lot of PRC companies are setting up here, and they prefer to hire 50% of their workforce their own people. So unless you are really good and stand out, they will prefer their own people.

You see, back in CCP land, their citizens are being squeezed with lack of job opportunities. Every year millions of graduates come out, government is very worried at where to land them jobs. There are even high top scorers that can't find jobs. The top leadership of course worried lah, if no job means unrest. Obviously there is a secret plan, to invest overseas, set up their version of MNCs but they ship these people overseas and be based there, hopefully one day they become citizens, inter marry. So the govt back home don't have to worry about them lying flat in their country.

what industry r you in? IT ?

I am in my early 40s.

Like previous poster mention, I am accumulating low risk passive income stream, such as property with rental yield, EPF, broad index ETF.

While continue to live the b40 lifestyle to keep expenses to the minimum.

Hi all,

Let's be frank here. I can see the situation is quite gloomy now

1. Sales tax- price increase
2. Job market gloomy with the AI taking over jobs
3. Chinese people coming in taking some jobs
4. Gov reducing subsidy
5. Uncertainty in USA with Taco
6. War in Europe not ending soon
7. No headcount in your company even though people resign.

For people in the 40s and 50s are the most at risk. I mean you have reached a certain level of salary/remuneration it's very difficult to find a better position.

How do you prepare yourself?

For me I like doing house work like installing lights, water heater etc. Was thinking of taking some wireman course . I guess these are AI proof for noq.

How about you guys?

I plan to transition myself into becoming a full-time spot market trader in the coming years...

I'm doing well already, and I earn in Dollars, so it's easily a lifestyle for me to sustain...

But China wife loyal or not??

How to live mininum if have wife and children?

Er, luckily I don't have kids at the moment.

I think I mention quite a number of times in kuitam that I'm staying with parents and have 3 meals at home, no socialize with friend, no entertainment, no windows shopping, no cinema, etc. We just sleep, wake up, go to work, come home, eat, sleep and repeat. Many will disagree with this kind of lifestyle, but that's the life of b40.

Never bought anything unnecessary
Never bought anything i cant afford outright
Min max is almost everything i can
[/B]Dont burden my thoughts with things i cant have direct control[B] over

I bought a few during Covid direct from developer. They were desperate so throw in huge discount

One of it I calculate my yield is 10.8% based on my low purchase price. House price also already increase 80%. Few months ago saw a property agent promote same neighbour unit upstairs and my jaw dropped when I saw the asking price. I won’t sell despite many agent cold calling. Will hold it for long

What you say is definitely a very big exception. Compared to Covid times, there are some appreciation, but compared to Pre-Covid, it is still the same at best. At least for areas that I am looking at.

For your purchases, really one of the rare ones. Industry trend definitely does not show that.