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March 10, 2021

How To Save And Invest When Making 48K A Year

Are you a median income earner? You are probably what the Japanese call a salaryman. It means you work for your salary. It’s not wrong to do that but many believe that if you work as an employee, you can’t build wealth. That’s not exactly the truth. When you earn 48k a year, you’ll have a tough time enough building wealth but with a disciplined lifestyle and a strict budget, you can do it and if you’re planning on getting married and have a family, this plan is still applicable and you should be able to build your personal wealth while building you life.

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First of all you need to find a cheap place to stay. If you’re working in a bustling city area, we’ll advise you to look for a place where you can share your space with other people. Even better, if you can rent the home and give out the rooms and charge people more. This way you can get them to cover your portion of the rent. If you earn 4k a month, you can simply use around 500-600 for your portion of the rent and utilities. You should spend around RM 200-300 a month on your food and maybe an extra 100-200 on your transportation. If you’re living in the city, you should skip on leasing a car or even getting one. Public transportation will get you anywhere.

Next, you can even invest your money in a forex platform Malaysia . Money invested here will never lose value if you know how to invest. You can also set aside around 1300 for your investment and savings. 1000 for investments is a great place to be at and it will allow you to have some stability financially. By investing it might put you higher on the tax bracket. To avoid getting taxed more, you can contribute more to your EPF and even make a private retirement fund in any foundations. This would allow you to reap the benefits of your earnings when you’re older. You can also invest your money in mutual funds to get 8-10 percent returns each year. Imagine if you invested 1000 every month, you’ll have 12,000 in that year. A 10% return would mean you will get 1200 a year by just putting your money in mutual funds.

There is also a high probability that you will increase your income when you go older and climb up the ranks. If you plan on having a family, you should set some money aside early on for your potential expenses. If you’re buying a home, get a loan from an Islamic bank for low rates. You can also pay a bigger down payment and avoid paying more for the interests. If you’re thinking about having a child or two, think about the potential costs and how you can reduce your costs. You can buy neutral clothing so that both of you children can wear them as children outgrow their clothing very quickly. Children’s clothing is also very expensive so you can actually cut costs with this idea.

Now that we’ve shared some ways how you can maximise your 48k a year income. It might not be easy with inflation and all but you could take the advantage of the market while its still low. We hope you make it big with these tips and tricks.

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Good Morning Habits For Everyone


Our actions have consequences. 

Small changes in life can have the biggest impact on our performance, efficiency, and productivity. The effort we put into manifesting a good routine is visible in our successful work and efficiency throughout the day. We glow differently when we have our priorities in order. Prioritizing your colleague’s well-being and spending time together until 3 AM in the morning, does not point to a productive morning. 

What differentiates the successful MLM software Malaysia owner from a lazy employee is their habits. So what are some effective habits that must be implemented in a successful person’s daily morning routine? 

Good morning habits can a long way in your life. It will lead to a better version of yourself, that you wish you had uncovered earlier. 

But better late than never! Start with these well-researched habits to start up your morning. 

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  • Waking Up Early 

Early does not mean you wake up after three hours of sleep after a late night. Early mornings are beneficial when you follow a consistent routine of sleeping and waking up at the same time every day. Having a regular sleeping pattern and being an early riser will change your entire life.

Being an early riser means you get more done in the day than any other person. (Ask an Asian mom who is up as early as 6 AM) You are more organized and you can get your things done in an orderly manner.  You can even schedule a time to squeeze in a relaxing time period of Netflix when you learn to wake up early. 

In addition to waking up being early, getting your regular and consistent amount of sleep also means a lot for your health and efficiency. Research suggests that people who get a sufficient and regular amount of sleep are more focused, sharp, and much more productive in the morning. An improved performance quality will incredibly step up both your studies and your work.

  • Exercise As The First Thing In The Morning 

Some love exercise. Some incredibly dread it. But exercising early in the morning can be done in any form. A five-minute walk around your neighborhood is also good enough for some light activity. Maybe an active dance session as the first thing in the morning will get your heart and blood pumped and ready for the busy day ahead. 

  • A Hearty Breakfast Every Morning

Breakfast is crucial. 

There is no way around a good hearty breakfast. People who have breakfast are more likely to be active and ready for a busy day. Having breakfast affects your performance, your cognitive functions, and even your weight maintenance, gain or loss journey. 

Also, who said breakfast has to be boring? Get an array of breakfast options stocked up in your pantry. Get your favorite pancake mix or fruit selection to go with the high fibrous oatmeal. Maybe even invest in stocking your entire pantry with the best honey glazed cereal and choco puffs and milk. If you are in a hurry replace your breakfast with a protein-filled smoothie with your favorite berries. A favorite for many is mixing blueberries and bananas along with some mangoes to make a delicious smoothie. Add a dash of protein scoop of peanut butter to fill you up until Lunch!

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