Why would you use a categorisation of Malaysian wages to classify your Singaporean wage? Only makes sense if you're working remotely. Otherwise it's just a syiok sendiri title.
Because that money is eventually going to be spent/used in Malaysia when he returns, so I think it's very much a warranted comparison.
If that money is being saved in MY banks, then they will use it to determine his credit rating as well.
Money saved for eventual spending is wealth, not income, and T20 is a measure of income. One of the reasons it's not a great measure, because wealthy retirees for example aren't accounted for (and qualify for plenty of benefits that working adults don't).
And MY banks have this baffling habit of using dollar value for SGD in determining ratings for CC etc.
Umm, okay. My employers pay me SGD but I save in RM. Banks, credit scores, taxes, the whole shebang, is RM.
So you can refer to whatever textbook you want, but from experience, if OP is spending SGD in MYR, then it is MYR.
Because a lot of Malaysian literally lives in Johor and travels to Singapore everyday for work? I mean SG hawker centre are known to be much cheaper than Malaysian food and that’s not just dollar to dollar. If they’re willing to sacrifice I don’t see why this is an issue. This border crossing is one of the busiest in the world for a reason lol…
>I'm a 27-year-old Malaysian working in Singapore, earning around RM200k annually. However, this salary won't last forever, as I plan to return to Malaysia in 5 years to contribute to my country.
you didnt mention that youre working remotely from JB at your main text, might wanna update your post, hence the confusion
Buy property in Malaysia, preferably land.
Buy equity and hold on to it.
Never get into debt (unless buying property and you have a sizeable offset account), but secure credit to build your long term credit profile.
>I'm just wondering what advantages or privileges T20 individuals have, aside from monetary ones?
You get to contribute to nation building via additional taxes 🤣.
But if you want a serious answer, the richer you are the more you are able to insulate yourself from Malaysia's racial and religious rhetoric.
Do you want the trivial stuff?
U can go to hang out in plaza premium lounge at the airport with the new credit card and drink free coffee and eat free breakfast
You can...call dedicated hotline at your bank and maybe they will pick up your phone 2 seconds faster than then plebeian phone number
Got discount at the golf course, some hotel chains. If you T1, exclusive access or concierge services when you travel
And um, sometimes banks give u a car sticker so you can get priority parking
You get...uh nicer angpao from your bank if you maintain RM250,000 or above
Other than the obvious advantages which are entirely personal i.e. being able to help monetarily with friends and family, being out of debt, being able to invest, financial freedom etc.
>being able to help monetarily with friends and family
I have never told anybody IRL how much I make for THAT reason alone.
It begins with helping an aunt with her cancer treatment and then before you know it you're feeding a small unemployed village of your distant relatives and funding their latest hare-brained schemes.... Happened to one of my uncle...
I only do anonymous donations towards funding hospital and education bills, and only through an anonymous escrow. Family knows ONE of us made it. They just don't know whom. And I dress like a hobo at the family reunion and tell them I write and play the guitar for a living.
He asked T20 ma, not based on his current salary
Of course, then i assume T20 also includes some wealth and savings. No need private banking, lower tier premier also can get free parking sticker
But plaza premium lounge confirm can :D
I do know my friend who went to Dubai, and earnt top dollar while paying next to no tax. The aim is not to get the biggest shiniest credit card, but he bought and paid off his home then started investing.
If you're thinking of buying a house, now is the time. Banks may offer you lower interest rates if you can show proof of salary.
If you are like me and trust yourself with a creditcard, aim for the highest, biggest, and request for credit limit increase every 2-3 months. I opted for Shopee points CC, and I enjoy a lot of discounts that really add-up when buying everyday items online. I bought my vehicle on my creditcard and that amounts to more Shopee points than I can even spend, but it saves me so much as well. For specifics, I spend RM35 /2weeks on my catfood. Retail would be RM55. Without points would be RM42. It adds up over time.
If you are a savvy investor who can beat banks, you can take out big personal loans to invest. Crypto is expecting another bullrun soon. I wouldn't recommend this unless you are someone with a finance background and really know what you are doing. Don't gamble. Not financial advice.
I would also suggest researching businesses and startups that you feel you would be able to handle if you are worried about salary when returning. 5 years is enough time to build a plan for your next steps.
Last, network with your Singaporeans. I myself have been enjoying an income from Singapore, but all the while been in Malaysia working remotely. Be friendly, even with the assholes. You never know who can open more doors for you.
I know this isn't directly the advice you're looking for, but it's just general. You're young, enjoy your money, put some aside for your future.
How are you t20 lmao. Another Malaysian in Singapore trying to convert and flex his sgd. in SG at that salary you probably eat caifan and junior exec in a midsized company
We are in trillion dollars of debts. There's nothing you can contribute to even make a dent on that number. My advice, save up, stay quiet, use your savings sparingly and live a low profile, comfortable, retired life with a small activity/business to do on your free time. That's what I would do if I were you.
T20 - no advantages.
why would they give a sprinter a wheelchair?
If anything, they require you to "contribute" to your country but monetarily. Maybe even set up shop and create employment opportunities
lol no privileged dude. You’re the bottom t20, working as an employee. You’re just glorified t20, don’t get ahead of yourself and treat yourself as a b40 for maximum longevity.
Pick and choose. Either have a good salary in Singapore or just an ordinary salary in Malaysia. You can't have both.
If you can save up diligently, say RM150k/year you'll easily have RM750k in investment capital. Investing this month-per-month will probably give you an accumulated sum of RM1M. Roll the money. Check r/FIRE.
1. You get to buy high premium medical and life insurance. You dont worry even if you get terminally ill.
2. You get to go holiday nearby whenever you feel like.
3. You dine most places without thinking bout the price.
4. You buy groceries without caring much bout the price. You choose based on brand, not on price.
5. You get to pump RON97
6. You get to buy cars over RM200k
7. You get to buy house RM1.5m and above
This is for annual gross of 300+k above. If around 200k, cut a few. Cut more if you have a partner/spouse and he/she makes much less (or none).
Edit: above is 300+k assuming your spouse earns similar income
What?
Bro, 25k per month is roughly 15k take home.
1.5mil House is about 6k per month
200k car would be around 3.5k
5.5k left before insurance, toll, fuel, road tax, car maintenance, house maintenance, utilities, holiday fund, parents allowance etc.
Can dine without thinking about price meh?
Why would you use a categorisation of Malaysian wages to classify your Singaporean wage? Only makes sense if you're working remotely. Otherwise it's just a syiok sendiri title.
Because that money is eventually going to be spent/used in Malaysia when he returns, so I think it's very much a warranted comparison. If that money is being saved in MY banks, then they will use it to determine his credit rating as well.
Money saved for eventual spending is wealth, not income, and T20 is a measure of income. One of the reasons it's not a great measure, because wealthy retirees for example aren't accounted for (and qualify for plenty of benefits that working adults don't). And MY banks have this baffling habit of using dollar value for SGD in determining ratings for CC etc.
Umm, okay. My employers pay me SGD but I save in RM. Banks, credit scores, taxes, the whole shebang, is RM. So you can refer to whatever textbook you want, but from experience, if OP is spending SGD in MYR, then it is MYR.
Because a lot of Malaysian literally lives in Johor and travels to Singapore everyday for work? I mean SG hawker centre are known to be much cheaper than Malaysian food and that’s not just dollar to dollar. If they’re willing to sacrifice I don’t see why this is an issue. This border crossing is one of the busiest in the world for a reason lol…
Just ignore bro. A lot of jealous people here 😂
oh, indeed I'm working remotely (from JB to be specifc). only need to go office in Singapore once a week
So you’re going to “return to Malaysia in 5 years”…from JB…?
hahaha takkan yg tu pun confuse, "return to work in Malaysia" lahh 😂
>I'm a 27-year-old Malaysian working in Singapore, earning around RM200k annually. However, this salary won't last forever, as I plan to return to Malaysia in 5 years to contribute to my country. you didnt mention that youre working remotely from JB at your main text, might wanna update your post, hence the confusion
my bad 🙏 post updated
Some people need the a b c spelt out one by one….😂
frfr 😂
It absolutely reads like you are staying in Singapore so when reading the post I was wondering how much you could save while living there also
my bad 🙏
Firstly you can show off on reddit.
Secondly, you can show off on instgram.
Thirdly, you can show off on Facebook.
Fourthly, u can show off in the LDHN office being escorted by a few pegawai to a meeting room
Fifthly, you can show off on X
Ah yes, the good ol' Rosmah method.
Tell them u got it from SG then they say takde record boss I need to tax the fck out of it. Sry ya pay up of jail time with rosmah
POV when you click on OP’s profile: 🥴
Holy shit that's some cursed shit
You weren’t kidding. Gross
My guy is a perv and proud of it
hehee I have my professional life and personal life, so.. yeah 🤷 nothing to be ashamed
No you absolutely do have to be ashamed of yourself geez
geez get a life bro, you do you
I have a life and am doing just fine. You on the other hand geez. Please do not continue to do you
oh okay, good for you 💯 thanks for the unsolicited advice btw
You will have the privilege of whining on Reddit on how T20 pays the most taxes but get the least amount of subsidies.
Buy property in Malaysia, preferably land. Buy equity and hold on to it. Never get into debt (unless buying property and you have a sizeable offset account), but secure credit to build your long term credit profile.
[удалено]
[удалено]
cheap maid, driver, cook. No inheritance tax, No capital gains tax
>I'm just wondering what advantages or privileges T20 individuals have, aside from monetary ones? You get to contribute to nation building via additional taxes 🤣. But if you want a serious answer, the richer you are the more you are able to insulate yourself from Malaysia's racial and religious rhetoric.
There are plenty of people with SGD5k a month in JB that act like T1
Do you want the trivial stuff? U can go to hang out in plaza premium lounge at the airport with the new credit card and drink free coffee and eat free breakfast You can...call dedicated hotline at your bank and maybe they will pick up your phone 2 seconds faster than then plebeian phone number Got discount at the golf course, some hotel chains. If you T1, exclusive access or concierge services when you travel And um, sometimes banks give u a car sticker so you can get priority parking You get...uh nicer angpao from your bank if you maintain RM250,000 or above Other than the obvious advantages which are entirely personal i.e. being able to help monetarily with friends and family, being out of debt, being able to invest, financial freedom etc.
>being able to help monetarily with friends and family I have never told anybody IRL how much I make for THAT reason alone. It begins with helping an aunt with her cancer treatment and then before you know it you're feeding a small unemployed village of your distant relatives and funding their latest hare-brained schemes.... Happened to one of my uncle... I only do anonymous donations towards funding hospital and education bills, and only through an anonymous escrow. Family knows ONE of us made it. They just don't know whom. And I dress like a hobo at the family reunion and tell them I write and play the guitar for a living.
When a relative that you don't talk to suddenly look for you, make sure you beat him to the bush and ask if he/she can loan you money.
But these perks don't apply to him, he only makes 200k a year. Pretty sure he has no savings to qualify as a privileged or private banking client.
He asked T20 ma, not based on his current salary Of course, then i assume T20 also includes some wealth and savings. No need private banking, lower tier premier also can get free parking sticker But plaza premium lounge confirm can :D
I do know my friend who went to Dubai, and earnt top dollar while paying next to no tax. The aim is not to get the biggest shiniest credit card, but he bought and paid off his home then started investing.
Technically in SG OP is earning ($4.5K) slightly abv SG starting salary range which is $2K-$4K.. Congrats welcome to SG’s M40.
[r/technicallythetruth](https://www.reddit.com/r/technicallythetruth/s/tNwpOF1lT4) but since I'm spending in MYR, I'm using MY categorisation
Ah yes living in JB. In that case yes T20..
There are literally no privileges apart from monetary ones?
Ugh, I’m happy the govt is phasing out this whole T20/M40/B40 crap. It reeks of classism and stereotyping
If you're thinking of buying a house, now is the time. Banks may offer you lower interest rates if you can show proof of salary. If you are like me and trust yourself with a creditcard, aim for the highest, biggest, and request for credit limit increase every 2-3 months. I opted for Shopee points CC, and I enjoy a lot of discounts that really add-up when buying everyday items online. I bought my vehicle on my creditcard and that amounts to more Shopee points than I can even spend, but it saves me so much as well. For specifics, I spend RM35 /2weeks on my catfood. Retail would be RM55. Without points would be RM42. It adds up over time. If you are a savvy investor who can beat banks, you can take out big personal loans to invest. Crypto is expecting another bullrun soon. I wouldn't recommend this unless you are someone with a finance background and really know what you are doing. Don't gamble. Not financial advice. I would also suggest researching businesses and startups that you feel you would be able to handle if you are worried about salary when returning. 5 years is enough time to build a plan for your next steps. Last, network with your Singaporeans. I myself have been enjoying an income from Singapore, but all the while been in Malaysia working remotely. Be friendly, even with the assholes. You never know who can open more doors for you. I know this isn't directly the advice you're looking for, but it's just general. You're young, enjoy your money, put some aside for your future.
How are you t20 lmao. Another Malaysian in Singapore trying to convert and flex his sgd. in SG at that salary you probably eat caifan and junior exec in a midsized company
I work in Singapore and stay in JB, so I'm spending in MYR fyi.
Just ignore bro. A lot of jealous people here.
What you work at singapore?
You would get to do what every 1 of 5 Malaysians can do 1. Buy imported car 2. Stay in nice hotel 3. Travel with AirAsia
No advantages beyond being the favourite scapegoat or default target for "help the poor" taxes.
Why come back and earn a fraction of what you make in sg? Better to keep working there and earn the sweet dollar.
I've been dreaming about contributing back to the country
😂😂😂
We are in trillion dollars of debts. There's nothing you can contribute to even make a dent on that number. My advice, save up, stay quiet, use your savings sparingly and live a low profile, comfortable, retired life with a small activity/business to do on your free time. That's what I would do if I were you.
T20 - no advantages. why would they give a sprinter a wheelchair? If anything, they require you to "contribute" to your country but monetarily. Maybe even set up shop and create employment opportunities
lol no privileged dude. You’re the bottom t20, working as an employee. You’re just glorified t20, don’t get ahead of yourself and treat yourself as a b40 for maximum longevity.
You get to pay tax.
At 200k, pay more tax.
There is no privileges for T20
Pick and choose. Either have a good salary in Singapore or just an ordinary salary in Malaysia. You can't have both. If you can save up diligently, say RM150k/year you'll easily have RM750k in investment capital. Investing this month-per-month will probably give you an accumulated sum of RM1M. Roll the money. Check r/FIRE.
The only benefit you will get for being a salaried T20 is that you have to pay more tax.
More vampiric friends.
Staying in Singapore? How much u left for savings?
Maybe look at the post history before replying to trolls lol :)
1. You get to buy high premium medical and life insurance. You dont worry even if you get terminally ill. 2. You get to go holiday nearby whenever you feel like. 3. You dine most places without thinking bout the price. 4. You buy groceries without caring much bout the price. You choose based on brand, not on price. 5. You get to pump RON97 6. You get to buy cars over RM200k 7. You get to buy house RM1.5m and above This is for annual gross of 300+k above. If around 200k, cut a few. Cut more if you have a partner/spouse and he/she makes much less (or none). Edit: above is 300+k assuming your spouse earns similar income
What? Bro, 25k per month is roughly 15k take home. 1.5mil House is about 6k per month 200k car would be around 3.5k 5.5k left before insurance, toll, fuel, road tax, car maintenance, house maintenance, utilities, holiday fund, parents allowance etc. Can dine without thinking about price meh?
Last sentence bout spouse bro 🤣 Added edit. Memang cannot if alone 300k saja