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Thread: MY Jib economy

  1. #16
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    Dun get me wrong, I am very happy for you to finance your dotter studies with 15k monthly over the sea with your hardwork but I am suspicious if she balik kampung would she be able to finance her offspring to university in future with this jib economy?
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
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  2. #17
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    possible. Work overseas first until around 30 to 35 years old, and then if wish to return to Malaysia, do so. Start here at much higher pay vs locals.
    We have 4 tiers of working people now... the super blue collar, the local, the malaysian expats and the real expats.

  3. #18
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    Quote Originally Posted by zinglicious View Post
    ....but I am suspicious if she balik kampung would she be able to finance her offspring to university in future with this jib economy?

    In life, you do what you can and what you should at that time.... the rest is opportunity/destiny/faith.

    There is no sure-win formula but there is always a fast track to cut short a long distance if you possess the right skills at the right time..
    滔滔逝水 , 急急流年 。

  4. #19
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    Quote Originally Posted by IanQ View Post
    possible. Work overseas first until around 30 to 35 years old, and then if wish to return to Malaysia, do so. Start here at much higher pay vs locals.
    The difficult part is leaving... irrespective of how much more than the locals, the pay is still a lot more lesser than the previous job.

    Worse when some of your coursemate are still there after many years you left... especially when you noticed thier tax is more than your pay !!
    滔滔逝水 , 急急流年 。

  5. #20
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    Quote Originally Posted by zinglicious View Post
    Dun get me wrong, I am very happy for you to finance your dotter studies with 15k monthly over the sea with your hardwork but I am suspicious if she balik kampung would she be able to finance her offspring to university in future with this jib economy?
    Zing, why you want to worry about the children future ,housing and marriage. They can adapt it.Make sure they don,t ask you for money. My job is to give you the best education , the best food I can afford, the cosy bed you sleep,the best clothes you wear,"apa lagi lu mau"

  6. #21
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    Quote Originally Posted by jan tomaswaki View Post
    Zing, why you want to worry about the children future ,housing and marriage. They can adapt it.Make sure they don,t ask you for money. My job is to give you the best education , the best food I can afford, the cosy bed you sleep,the best clothes you wear,"apa lagi lu mau"
    Agreed....but there are ppl who have a habit of worrying.

  7. #22
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    Dun worry, Be happy .....when your kiddies has a choice of 100% scholarship guarantee in state of New York or at 50% in Philly state college simply because they are ABC. Already save 15K a month. With that kind of money, can see the Pope or Pop Stars concert in LA Superbowl.

    My ex boss from pharmaceutical corporate uprooted to Downunder just like many Malaysians to save a bundle for thier children education in the 90's. He worked in the uncharted course from down under but managed to be in the top management of another pharmaceutical firm thereafter.

    Just concern about fellow Malaysians .......who have limited choices simply because of losing the competitive edge because of dwindling reserve. Just sad to see the country with huge natural resources going down to the longkang due to the leaderships with so many forex losses and abuses.

    And the currency depreciation has cause sleeping disorder for some parents financing thier children over the seas college. A couple of them are trying to sell off thier landed properties. Now that is worrisome and stress.

    But then I worry a bit.....because of rising cost of raw material in imported turkeys, manuka honey, olive oils where I making lesser profit in my home made preventive medicated recipe or I simply Naik Harga.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  8. #23
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    Kisah Benar........ which I wrote on my facebook years ago.

    When I was lying in the CCU of Institut Jantung Negara, my cardiologist was worried about the blockages. he asked me why it took me so long to be admitted where I should known better that the sudden blockages due to thrombosis may result in sudden death and I had that symptoms a week earlier. Sumore I had self medicated by taking sublingual drug myself prior to that.

    Told them I least worried where Heaven can grant me the entry because I was blowing holy smoke and the Hell Kitchen would have eternal employment because I am the Olde Mean Chef.

    I would start to worry how much the cardiologist gonna to bill my medical cost for surgical intervention, consultation and medication over the course of time because I lapsed payment on medical insurance months ago. My friendly doc replied candidly..Dun worry be happy that there are plenty of Ah Longs in Malaysia.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  9. #24
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    Quote Originally Posted by opulant View Post
    The difficult part is leaving... irrespective of how much more than the locals, the pay is still a lot more lesser than the previous job.

    Worse when some of your coursemate are still there after many years you left... especially when you noticed thier tax is more than your pay !!
    What to do… if one wants to be back in Malaysia. Else, only return here when one retires? At least since one was born and raised in Malaysia, adaptation back to Malaysia is easier than those under MM2H program.

    Then again, why bother to retire here if one has say 10 million usd saved up? The world is one’s oysters. Just come back for CNY or Raya or Diwali or whenever one crave for local Malaysian food.

    I am starting to lose hope on Malaysia as well

    ps: Although I am doing relatively well vs others in Malaysia, but like what you mentioned, many of my ex-colleagues or course mates are doing much much better. Malaysia as a environment is quite restrictive.

  10. #25
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    This is another concern that is affecting the Malaysian economy - brain drainage. Many of them who had jumped planes or migrate illegal had given up thier MY citizenship. Except for a handful like my brother who had resided in NZ since his college days still have his IC. The only thing he cannot do is vote for that country. But he doesnt have to apply for Malaysia visa each time he balik kampung to have his dental appointment and foodies in Ipoh. The cost of his dental roots and crowning is enough for the trip expenses. Dental is that expensive in New Zealand. As a govt servant, he is cruising around in his BMW and two of his kiddies had full medical scholarships in MBBS.

    Unless 1 Malaysian is a bum or gambler, it is easy to earn and save a bundle in most occupation. Easily save 30% of 2k income minus household and living expenses in decent lifestyle. Decent as in living in your own 3 bedroom apartment and cruising around imported cars. Cost of foodies and fruities is cheap if you cook your own.

    In MY country , how many can save since childhood to buy diamonds like Rosmah? Here people with 2K income, have to rely on credit cards life support on decent living expenses driving around with proton saga FLX 2nd hand.

    EPF withdrawal would leave little to spend on retirement when Malaysian parents got to pay for thier child college education and rising cost of inflation.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  11. #26
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    Quote Originally Posted by IanQ View Post
    ….Then again, why bother to retire here if one has say 10 million usd saved up? The world is one’s oysters. Just come back for CNY or Raya or Diwali or whenever one crave for local Malaysian food.

    I am starting to lose hope on Malaysia as well

    ps: Although I am doing relatively well vs others in Malaysia, but like what you mentioned, many of my ex-colleagues or course mates are doing much much better. Malaysia as a environment is quite restrictive.
    I think family reason is the main reason why people come back.

    Our era placed strong emphasis on family (generally speaking, can be very different due to different upbringing)..

    When one is capable to have better income, you want to make sure the family (old folks and siblings) also have a good living. You want to be around when the old folks are around, it is a blessing you can do something for the family. So, decided to come back in the mid 30s, and after starting a family, it is unlikely to reverse the path.

    The plus side here is life is easy and good. All the income is actually the disposable income, big ticket items can be taken care by previous savings. The down side is the income is paid in a weak local currency. There is no issue at all to have a relatively good life here but may not be sufficient to maintain the same quality of life if wanna retire in good places abroad.

    and for the income disparity between those who come back vs those who still out there, it is a “fair game” (although sometimes I whine about it over a few pints of beer with those who have come back). Life is a lot more easier over here. Also, you need a very supportive family for that kind of job which require extensive travelling. My course mate works in Sudan and middle east his entire working life and is still there, he missed a lot of important things in life, in my opinion.

    I guess can’t have two sides of the coin.


    p/s : my course mate's refusal to come back has little to do with money. He was once offered USD4000/day for his skills here and I am sure he still can command USD2000+/day even at the current low crude price…
    滔滔逝水 , 急急流年 。

  12. #27
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    Spot on..... family ties and commitment. I came back to pay respect to my late mother who passed on while I was in USA and for my wifey aging mother who lives alone. Other bonus is that my ABC children can speak Malay, English, Mandarin and Canto pop to study at Chinese primary school.

    Though I was questioned over that decision by fellow Malaysians with brighter economic future overseas, I still feel proud to be back. My wifey owes me big time over the commitment. And the occasions when I drove back to Ipoh to have curry mee, chee cheong fun and kai C hor fun with my late brother whom I value relationship much. Priceless.

    I guess it is time to return to USA where my son is ready for college in a couple of years......
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  13. #28
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    Quote Originally Posted by zinglicious View Post
    ..I guess it is time to return to USA where my son is ready for college in a couple of years......
    Since living cost in this cheap(jib) place is already a big concern to you (turkey is expensive, roti canai is not cheap, house is beyond reach, etc, etc), mind share how you are able to cope with places with much higher living cost like the USA ?? .... especially you are earning the cheap(jib) ringgit, you are not an ABC... and you will get even older in a couple of years ??

    I would like to learn from you as I also think of one day I can "return" to some expensive places when I am bored with this current cheap(jib) place...
    滔滔逝水 , 急急流年 。

  14. #29
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    I am still fit as a stallion where my cardiologist have been happy with my status every 3 months check up. Shouldnt be an issue for the next 10 years. Old horse TDM is a fine example.

    I will be woking around with Uncle Sam currency when I get to USA which is a land of opportunities. earn USD spend USD. easy as ABC from being a manager or waiter, cook or bartender. Or I can even set up shop there. But I think I would be taking life easy there by being a real estate agent. Just have to take and pass the exam in 6 months. or I simply day trade on bio tech stocks which I used to make a bundle in my hey days. so there you are - my style of open options. USA world is fill of oyster and lobster.

    My only concern is when I make EPF withdrawal is at 30% less or more compared with USD. Most probably I rather take out the money safely and invest on my own accord taking a gamble at Genting stock. Meanwhile further losses recorded by poor governance or element of CBT where land ownership get lost in translation. https://www.nst.com.my/news/nation/2...g-dubious-deal
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  15. #30
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    Quote Originally Posted by zinglicious View Post
    ..I will be woking around with Uncle Sam currency when I get to USA which is a land of opportunities. earn USD spend USD. easy as ABC from being a manager or waiter, cook or bartender. Or I can even set up shop there. But I think I would be taking life easy there by being a real estate agent. Just have to take and pass the exam in 6 months. or I simply day trade on bio tech stocks which I used to make a bundle in my hey days. so there you are - my style of open options. USA world is fill of oyster and lobster.
    Thanks for the employment advice ..

    Actually, I was about to go to bed but after reading you post, I am so excited to look forward to US..

    I just suddenly enlightened by you that US is such a wonderful place with bountiful opportunities... and they welcome anyone to work there, no worry about entry visa or work visa.

    Although I am not as multi-taskings and multi-talented like you - real estate agent, online stock trader, manager, chef, bartender, uber driver, etc, etc but I am still very positive of being accepted and getting a job there.

    OMG, I must have been wasted my whole life in this country and other places doing the wrong thing... damn
    滔滔逝水 , 急急流年 。

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