{"id":355341,"date":"2023-09-06T16:38:00","date_gmt":"2023-09-06T08:38:00","guid":{"rendered":"https:\/\/www.ziet.co\/v2024\/?p=355341"},"modified":"2024-09-26T16:42:21","modified_gmt":"2024-09-26T08:42:21","slug":"are-you-b40-m40-t20","status":"publish","type":"post","link":"https:\/\/www.ziet.co\/v2024\/newsletter\/are-you-b40-m40-t20\/","title":{"rendered":"#12 Are you B40\/M40\/T20?"},"content":{"rendered":"\n

<\/path><\/svg><\/span><\/span>Estimated reading time: <\/span>5<\/span> minutes<\/span><\/p>\n\n\n

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Timely updates to supercharge your wealth-building journey!<\/p>\n\n\n\n

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TABLE OF CONTENTS<\/strong><\/h3>\n\n\n\n
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  1. Are you B40\/M40\/T20?<\/a><\/strong><\/li>\n\n\n\n
  2. Word of the Week: EBITDA<\/a><\/strong><\/li>\n\n\n\n
  3. Key economic dates: Services PMI, Non-Manufacturing PMI<\/a><\/strong><\/li>\n\n\n\n
  4. What I\u2019ve been reading<\/a><\/strong><\/li>\n<\/ol>\n<\/div>\n\n\n\n
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    Are you B40\/M40\/T20?<\/strong><\/h3>\n\n\n\n

    Pop quiz time! In which income bracket do you belong – B40\/M40\/T20?
    Hints – the answer differs depending on where you live!<\/p>\n\n\n\n

    TL;DR – 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<\/strong>. And according to the Department of Statistics Malaysia (DOSM), a household isn’t just your immediate family\u2014it\u2019s a group of related or unrelated individuals living together, sharing expenses.<\/strong><\/p>\n\n\n\n

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    Let\u2019s break it down<\/strong><\/h4>\n\n\n\n

    B40:<\/strong> 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?<\/p>\n\n\n\n

    M40:<\/strong> Ah, the Middle-Class Marvels. Representing the middle 40% of the income bracket, these are the folks nestled between B40 and T20. By 2019’s numbers, this group was taking home between RM4,850 and RM10,959. Not too shabby, right? Maybe enough for that extra ‘teh tarik’\u2026 or five. \ud83c\udf75<\/p>\n\n\n\n

    T20:<\/strong> 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<\/p>\n\n\n\n

    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.<\/p>\n\n\n\n

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    But wait, geography matters!<\/strong><\/h5>\n\n\n\n

    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<\/strong>.<\/p>\n\n\n\n

    What does it say?
    Say your household income is RM8,000 – in Kelantan this figures put you comfortably in the T20 category. But in Kuala Lumpur? You’d be swimming in the B40 pool \ud83e\udd2f.<\/p>\n\n\n\n

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    And Here\u2019s the Trap<\/strong><\/h5>\n\n\n\n

    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 – simply due to the number of dependency<\/strong>. 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.<\/p>\n\n\n\n

    Whether you’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’s the journey, the strategy – it\u2019s how you play the game. Catch ya on the richer side!<\/p>\n\n\n\n

    Speaking about managing your finances – 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)<\/strong> just in case you want to know it too!<\/p>\n\n\n\n

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