Studying Hard vs Financial Planning

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I recently had a conversation with a university friend whom I hadn't met in 25 years. During our conversation, my friend, who has two children, mentioned an intriguing question asked by one of their children: "Why should we study so hard when the government approves a minimum wage starting at RM 1,500 per month?" My friend was stunned by this question, and I couldn't help but smile. Determining Your Future Salary The real question to ask is, "How much will be your last drawn salary if you start with RM 1,500 per month now?" Let's assume you begin working at age 20 and plan to retire at age 60, giving you 40 years of working life. For the sake of simplicity, we'll assume a permanent annual salary increase of 4%. The answer is that your last drawn salary upon retirement at age 60 will be RM 7,201.50 per month! In contrast, considering an article that suggests a fresh graduate's starting salary will be RM 2,500, and assuming a permanent increase of

FREE Personal Credit Report Plus


The Law of the universe is that the matter that we focus and give energy to, will grow. Most of us have a particular interest in financial aka money. If you share the same interest like I do, then, you know that the fundamental of financial planning is to know where you are now and set a target for yourself to achieve your financial goal.

I attended a Financial Talk organized by MFPC and they are giving away a free personal credit report via My Credit Info. The free financial report will come with the following information if any,

  • Experian i-SCORE (Credit Score
  • Banking Information (CCRIS)
  • Skim Potong Gaji Angkasa (SPGA)
  • PTPTN
  • Trade References (Non-Banking Info)
  • Litigation History, etc
You need to do the following in order to get this report for free:
1. Sign up an account with My Credit Info https://www.mycreditinfo.com.my
2. Verify your account by submitting your NRIC. According to the website, it will take 3 working days.
3. Once verify, please contact me private message me on my Facebook Page and I shall send you the promo code. Hurry up, the promo code is valid until 04/06/2021 only

Here is the sample of the report : https://www.mycreditinfo.com.my/index.php/home/viewSampleReport/PCRP

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