Here’s 3 reasons why you need a side & passive income in Malaysia.



FIRST

  • Malaysia employment market charted an average salary growth of 3.2% per annum, while Malaysia Inflation rate at 2.8%. After the adjusted rate of salary growth and inflation rate, the net growth is only 0.39% per annum!

SECOND

  • The unemployment rate in Malaysia is stood at 4.1% or 671,000 are unemployed! Side income is not only a personal safety net against unemployment, but also to better control your income level by giving yourself a “raise”.

        THIRD
  • Most Malaysian couldn’t afford retirement and only 3% of them could.  Before the pandemic covid-19, 70% of EPF members who withdraw their funds at age 55 use up their saving after retiring. With the withdrawal of i-Sinar, i-Lestari and i-Citra, 54% of EPF members age 54 would have less than RM50,000 in their saving accounts, With the life expectancy rising every year, we may need more savings for medical expenses, to cope with inflation rate and to sustain our lifestyle.












          Disclaimer: Opinions expressed are solely my own and do not express the views or opinions of my employer. All views expressed on this site are my own and do not represent the opinion of any entity whatsoever with which I have been, am now, or will be affiliated. This is a personal blog - not a peer-reviewed journal or a sponsored publication. We make no representation as to accuracy, correctness, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses injuries or damage arising from its display use. This is not a recommendation to participate, buy, sell, subscribe, purchase, of any goods, services, entity mentioned. Any action that you took and/or may take as a result of the information, analysis, experience, opinion, commentary, or knowledge on this blog is ultimately your responsibility, It is the reader's responsibility to verify their own facts. 






Location: Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

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