Article that I read and what I feel for Malaysia 2011

 
Izint that our Money is Getting Smaller? is RM3,000 enough for you in Klang Valley?

Just would like to rant something over this post regarding on the latest news by announcing Malaysia High Job Bar would set at RM3,000 is reasonable for ‘Klang Valley Residence’. (click here to read the article)

According to the article, high income means we are not able to save money for future, which are total means by surviving. When I read the news last night, I got shock when they set it at this figure. Definitely could not be deny by RM3,000 at east cost like Kelantan or Terrenganu is big and would consider Big income in those states which I totally agree. What bout RM3,000 in Kuala Lumpur, Selangor, Johor, Penang would be sufficient for you as a developing country?

To other races to buy a house with RM 3,000 is not in mind to afford to get a house in Klang Valley area. Let’s Break down and see.

RM500 Personal insurance, RM 500 for Car Installment + Insurance, RM700 for expenses (meals + household usage), and with balance of RM 1300 you calculate yourself, if you buy a house? If you have family?

What I understand as High Income means, we are able to save money for our future with good health with family, able to travel 2 years once, provide house and car yet to cope with any sudden medical expenses from our parents especially.

As for 2011, I do notice that:
1) Petrol price Ron 97 and 95 had increase
2) Cooking oil shortage
3) Daily usage like sugar and some other item increase in price.

Especially with 1% gov tax had started not many people had feel the pain cuz its just 1% but you do think about it, what ever we pay on our monthly bills, gov tax on fast food outlets, restaurants, entertainment anything with GST are increase by 1%. You calculate yourself how much you have to pay extra.

I totally agree that Malaysia with the concept of shopping paradise, with 1% GST in place, do you feel that clothes had gotten cheaper or still maintain? Car certainly does on hybrid and some other model type, branded goods like LV, Gucci or others. Just want to ask, how many of you do shop very often? How many of you do change your car many times?
Do bare in mind that, with high income of RM3,000 you definitely cannot enjoy those branded items because for surviving but you have to pay GST 1% extra every month or a few times when you dine outside and just when can you afford to buy branded that had gone down in prices?

Well, year 2010 I did travel a lot in a few countries and I Just want to take some example out of it especially on these 3 countries:

1) Taiwan: is famous for street food, snacks, shopping and sightseeing. One thing I notice on their country is what they earn as their salary for example RM2,000, they are able to buy a lot of things and shower goods for themselves like shopping there is cheap, alcohol there is cheap with international brands (as low as RM2.50 per can and big cans like Heinaken RM6), house is expensive but car is cheap and public transportation is superb.

2) Bandung: which I have just travel there 2 weeks ago and I asked my friends a lot of things, like living and expenses there, house is average in Bandung, a Honda Jazz with imported from Japan only cost RM70,000, alcohol (1 tower RM47) and ciggis are cheap with a pack cost RM3-RM4.50. Shopping and Spa (RM40 for 2 hours) is definitely cheap. Of course salary to work in offices there start around RM1,100 for a fresh grads but its still very reasonable yet affordable.

3) Australia (Melbourne), When I was studying there I do work part time, with AUD15 per hour as a storekeeper. AUD 15 per hour enable me to cover my lunch AUD 7 and dinner AUD 7 and the rest would be my savings or for some other expenses. Branded there is cheap too, I can JUST work my ass out for 1 week, save around AUD500 I can buy a Gucci or LV already. I purchase my 2nd hand car wira look alike with 11 years old cost around AUD 3,000. House in Melbourne is definitely not cheap average AUD400,000 for one house with quite a big garden (in Malaysia consider bungalow). Their National car is cheap compare to other big brands like Honda or Toyota.

As for Malaysia, everything increase in price, and you just go ask around 10 years ago, what is the salary for a fresh grad and today what is the salary for a fresh grad? Then how much is the food and house cost for 10 years back and today? I felt that, everything had increase in Malaysia, but our SALARY still maintain. Food is not cheap nowdays, alcohol, cigarettes, property, car is definitely not cheap.

What I am trying to say is that, other countries have some of their commodities cheap and some expensive but I feel that Malaysia, everything is expensive.

Lets Just hope the government would do something good for the people of Malaysia.

You do the calculations. .

One thing that I am definately proud off is the HSBC research that on 2050 Malaysia would be in world top 30 developing nation, I guess that is when perfect scenariohappens . . .

Remarks:

-=Ka Ching=-

-This is on my personal points and views, do not meant to create any fuss –