{"version":"1.0","provider_name":"Ziet Invests","provider_url":"https:\/\/www.ziet.co\/v2024","author_name":"Ziet","author_url":"https:\/\/www.ziet.co\/v2024\/about-us\/","title":"#12 Are you B40\/M40\/T20?","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"LYNpgC2OW9\"><a href=\"https:\/\/www.ziet.co\/v2024\/newsletter\/are-you-b40-m40-t20\/\">#12 Are you B40\/M40\/T20?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.ziet.co\/v2024\/newsletter\/are-you-b40-m40-t20\/embed\/#?secret=LYNpgC2OW9\" width=\"600\" height=\"338\" title=\"&#8220;#12 Are you B40\/M40\/T20?&#8221; &#8212; Ziet Invests\" data-secret=\"LYNpgC2OW9\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","thumbnail_url":"https:\/\/www.ziet.co\/v2024\/wp-content\/uploads\/2024\/09\/Are-you-B40M40T20-featured.jpg","thumbnail_width":2500,"thumbnail_height":1406,"description":"Timely updates to supercharge your wealth-building journey! TABLE OF CONTENTS Are you B40\/M40\/T20? Pop quiz time! In which income bracket do you belong &#8211; B40\/M40\/T20?Hints &#8211; the answer differs depending on where you live! TL;DR &#8211; Malaysia categorizes households into B40 (bottom 40%), M40 (middle 40%) and the all-coveted T20 (top 20%) based on earnings. When we talk about these brackets, keep in mind: we\u2019re diving into household incomes. And according to the Department of Statistics Malaysia (DOSM), a household isn&#8217;t just your immediate family\u2014it\u2019s a group of related or unrelated individuals living together, sharing expenses. Let\u2019s break it down B40: Representing the bottom 40% of income earners in Malaysia. As of 2019, if your household income was below RM4,850 per month, you\u2019re in the B40 bracket. And hey, there\u2019s no shame in that. Everyone starts somewhere, right? M40: Ah, the Middle-Class Marvels. Representing the middle 40% of the income bracket, these are the folks nestled between B40 and T20. By 2019&#8217;s numbers, this group was taking home between RM4,850 and RM10,959. Not too shabby, right? Maybe enough for that extra &#8216;teh tarik&#8217;\u2026 or five. \ud83c\udf75 T20: The top 20%. These are the big ballers who earn above RM10,959 per month. But hey, with great power comes great responsibility. \ud83d\udc1d DOSM last updated their Household Income and Basic Amenities Survey Report in 2019, this table may give you some idea of how you are doing compared to people around you. But wait, geography matters! Most high earners live in Kuala Lumpur, but the income gap there might surprise you! Up until 2019, T20 threshold in KL is around 2.5 times of the T20 threshold in Kelantan. What does it say?Say your household income is RM8,000 &#8211; in Kelantan this figures put you comfortably in the T20 category. But in Kuala Lumpur? You&#8217;d be swimming in the B40 pool \ud83e\udd2f. And Here\u2019s the Trap Even though you may have the exact household income with the neighbor beside you, two of you may live a heaven and earth life quality &#8211; simply due to the number of dependency. To put it simply, earning RM 8000 a month with 5 kids and 2 parents cannot have the same living lifestyle as those having no kids and free of responsibilities. But hey, it\u2019s your life, live your choice. Whether you&#8217;re a B40, M40, or a T20 high flyer, the real win is in how you manage, invest, and grow. Remember, life isn\u2019t just about the bracket; it&#8217;s the journey, the strategy &#8211; it\u2019s how you play the game. Catch ya on the richer side! Speaking about managing your finances &#8211; every cent matters! I was planning for some travelling myself, so my team and I decided to find the ultimate best travel credit card to utilize every spends in exchange of rewards\/lounge. And we did it! It\u2019s legit useful and I\u2019m gonna smash my video link here of Best Travel Credit Cards You Can Own in Malaysia (2023) just in case you want to know it too! Word of the Week: EBITDA Definition: EBITDA stands for &#8220;Earnings Before Interest, Taxes, Depreciation, and Amortization.&#8221; It is a measure used to analyze a company&#8217;s operating performance without being affected by financing decisions, tax environments, and the age &amp; type of assets used. Essentially, it tells you how much a company earned from its operations before these factors come into play. Imagine a local bakery, &#8220;Ziet Delights,&#8221; has decided to evaluate its core business performance. The bakery had sales of $500,000 this year. From those sales, the cost of ingredients, rent, employee salaries, and other direct expenses related to producing and selling bread amounted to $300,000. This leaves the bakery with $200,000. However, the bakery also has other expenses: Now, if we calculate the Net Income, we&#8217;d subtract all these expenses from the $200,000. But to get EBITDA, we only focus on the bakery&#8217;s core operations. So, EBITDA would be calculated as:$200,000 (earnings) + $10,000 (interest) + $20,000 (taxes) + $30,000 (depreciation) + $10,000 (amortization) = $270,000. Thus, the EBITDA of &#8220;Ziet Delights&#8221; is $270,000. This figure gives stakeholders an idea of the bakery&#8217;s operational performance without considering financing decisions, taxes, or asset depreciation and amortization. And that\u2019s EBITDA! Key Economic Dates: What I\u2019ve been reading: Here are the top stories that caught my eye: You\u2019re all caught up! If you enjoyed today\u2019s newsletter, do share it with your friends and family! If this email was forwarded to you, consider subscribing to receive them in future! And if you have any questions, don\u2019t hesitate to reach out to me by replying to this email. We are also delighted to receive your feedback. Cheers,Ziet"}