Penang Edition 2023 Part 1 - The Real Cost of Living (Basic Needs)

***Check out our Breakout Academy:
breakout-academy.teachable.com
We recognise that the ebb and flow of life may not turn out the way you want it to be, like being stuck in a repeated 40 years pattern of being trapped in a job which you hate. Or simply not being able to freely live the life that you want. There is another way, and you can choose. Our Breakout Academy is designed to empower you to create a life worth living for, by focusing on the most important element in your life - YOU
***Enroll in our Money DNA Course:
breakout-academy.teachable.co...
Do you know that your money habits are so ingrained in you that it is so automatic to spend money? It is already hard wired into your DNA and in this course, you will have the power to re-program your Money DNA, to take back control and be the MASTER of money, not a slave. You will get to create a brand new relationship with money, craft out a budget that works for you and never have money woes ever again!
Today's video:
What does the Cost of Living mean to you? Has Covid affected your livelihood in the past few years such that INFLATION has blown your monthly BUDGET out of proportion?
Life seems to be getting harder with the rising cost of living impacting us in every way. In order to gain a better understanding of your daily expenditure, one must be up-to-date with the prices of our everyday products. Also, one should be accurate and concise in your budgeting so that you can work within your planned amount each month without any unnecessary surprises!
In this video, we will be breaking down the LATEST 2023 prices in the day-to-day costs in Penang, Malaysia. You will be able to understand and appreciate the various categories of products consumed by an average Penangite. The prices quoted are in Malaysian Ringgit and are kept as accurate and realistic as can be, because it is our mission to bring you an updated True Cost of Living in Penang, Malaysia.
Fran and I retired young in the year 2020 at the age of 40 years old in Singapore. We moved to Penang 8 months ago and have been living here. Our intention is to call both Penang and Singapore our retirement homes, as we have families in both countries.
We hope you enjoy watching this video, and do let us know in the comment section if you like it!
With lots of love - Fran and John
Timestamps:
00:00 Cost of Living in Penang Island
00:54 Inflation
03:10 Category 1: Food
09:54 Category 2: Groceries
11:14 Category 3: Transport
14:31 Category 4: Accommodation
17:47 Category 5 Healthcare
18:15 Budgeting
Related Videos:
Penang Edition 2023 Part 2 - The Real Cost of Living (Wants)
• Penang Edition 2023 Pa...
Financially Free Singapore Couple Reveals Their Background
• Financially Free Singa...
5 Reasons Why We Left Singapore - A Singaporean Couple Explains
• 5 Reasons Why We Left ...
3 months exploring the different sides of Penang that You’ve NEVER seen before!
• 3 months exploring the...
Cooking Our Way into Financial Freedom - A Singapore Hawker Journey
• Cooking Our Way into F...
Related Links:
www.cnbc.com/2023/01/12/infla...
www.cnbc.com/2023/01/13/why-i...
www.channelnewsasia.com/asia/...
Credits:
CNBC
Reuters
Channel News Asia
Department of Statistics Malaysia
iMotorbike Malaysia
Mudah Malaysia
Directlending.com
Ringgitplus
Zigwheels Malaysia
Carbase Malaysia
Google Maps
Propertyguru Malaysia
iProperty Malaysia
Tenaga Nasional
CIMB Bank
Follow us on:
Instagram:
/ corporatebreakoutcouple
TikTok
/ corporatebreakoutcouple
…. PLEASE SUBSCRIBE:
If you enjoyed our video, please ensure to hit the “Like” 👍🏻 button and subscribe to our channel. Do turn on the notification 🔔 so that you will always be notified of our new videos.
We will post 1-2 videos a week, showcasing our numerous adventures and sharing our life experiences along the way.
Thanks for watching! We appreciate the ❤️
#penang #costofliving #malaysia #budget #budgeting #inflation #earlyretirement

Пікірлер: 196

  • @corporatebreakoutcouple
    @corporatebreakoutcouple Жыл бұрын

    Thank you for watching this video! It is 8 months in the making and we hope that you guys find it useful. This video isn't perfect as we realised we missed out on a few items (monthly condo maintenance) We strived to give you the most up-to-date and accurate pricing in 2023. Let us know more in the comments if you noticed anything else that we missed. Stay tuned for Part 2!

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We have released Part 2! Watch to find out how much does a typical Penang person spend on shoes, clothes, entertainment and lots more!

  • @isupportpti4400

    @isupportpti4400

    8 ай бұрын

    @@corporatebreakoutcouple for heavens sake you were giving all prices in DOLLAR while they were actually in RM! What a joke!

  • @christopherk7920
    @christopherk7920 Жыл бұрын

    I am malaysian and I have to agree that Penang is ,by many measures, the best state to live in. My only gripe is the bad traffic during festive season

  • @lowpatrick1466
    @lowpatrick1466 Жыл бұрын

    Hi, I am a Singaporean retired in Penang 7 years ago. Welcome to Penang! Great video, very informative!

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hello Patrick! Thank you for the warm welcome!

  • @angooredcow157
    @angooredcow1574 ай бұрын

    Outstanding. It is thorough.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    4 ай бұрын

    Thank you!

  • @_arman_
    @_arman_8 ай бұрын

    I subscribed once I saw 'bubble tea' having its own category...! I've seen MANY 'cost of living' videos over the past few years, and this was truly the most well done that I've seen. So much care went into this and it shows. Very grateful - great content, thanks so much.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    8 ай бұрын

    Thanks so much!!! We really appreciate your feedback!

  • @ngkahsiong9001
    @ngkahsiong9001 Жыл бұрын

    A comprehensive breakdown of monthly expenses. Thanks for producing this video.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you for watching! Stay tuned for Part 2!

  • @jeaninjapan463
    @jeaninjapan463 Жыл бұрын

    Very informative video! I’m sure those planning to move to Penang will find the info here useful. Great work, Fran and John. Thanks for sharing this.👍

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks for watching & supporting, Jean!

  • @soundslight7754
    @soundslight7754 Жыл бұрын

    Thanks so much for this detailed and informative video. I cam looking for such a thing and I got better than expected so wish to say I appreciate your time and effort collecting and presenting it.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you very much for your kind feedback and appreciation!! Do watch part 2 as well 😍

  • @CKology
    @CKology Жыл бұрын

    Super insightful! Great video! We need more home grown youtuber! More vids plzzz!

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks bro, for your support and encouragement!!! Thank you for watching our videos!

  • @anthonyfong7714
    @anthonyfong7714 Жыл бұрын

    Greetings from sunny Singapore. Appreciate your video. Good information

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi Anthony! Thanks for your support! Do share with your friends and family!

  • @HQP1516
    @HQP1516 Жыл бұрын

    Thank you. Great video.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you for watching it!

  • @AlvoLong
    @AlvoLong6 ай бұрын

    Gotta be one of your best videos guys! Thanks for the pearlers!

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    6 ай бұрын

    Thank you for watching our videos!

  • @jaiho9442
    @jaiho9442 Жыл бұрын

    I'm also in my 40's, but I have three kids. If I didn't have kids, I would probably retired in Malaysia or somewhere in SE Asia. I could live pretty well on dividends alone, not counting the other passive income. Coming from USA, it always amazes me the low cost of living in other countries. Great video!

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you for watching! Stay tuned for Part 2! 😊 How old are your kids? Wow, sounds like you are enjoying some good passive income! Excellent! It is our intention to create awareness that creating passive income is a necessity nowadays

  • @jaiho9442

    @jaiho9442

    Жыл бұрын

    @@corporatebreakoutcouple kids are 10, 13, and 17. So can't pick up and move to Malaysia that easily. Our intentions are to retire early in SE Asia. We were in KL, Singapore, and Vietnam last year and going to Thailand in the summer. It's much easier to make money in the USA and use that money to buy properties for passive income. $2,500/month of passive income isn't as difficult to do here. That money can live a good life in SE Asia but not here.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@jaiho9442 Once your youngest goes to college, that would be a good time perhaps? The real estate game in US is very doable. We love to follow Robert and Kim Kiyosaki's footsteps in real estate and in fact, real estate is one of our investments that helped us to retire.

  • @jaiho9442

    @jaiho9442

    Жыл бұрын

    @@corporatebreakoutcouple yes, that is the plan, once the youngest goes to college. We'll be living in SE Asia.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@jaiho9442 looking forward to meeting up in the future!!

  • @eksingalongchannel2151
    @eksingalongchannel2151 Жыл бұрын

    Thank you for sharing such informative and useful information. Your energetic presentation and wide and detail topics presented here are quite unique and highly commendable. Keep up the energy and passion of sharing. Happy retirement.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Wow thanks so much for the kind words and encouragement! Cheers!

  • @angshumandas657
    @angshumandas657 Жыл бұрын

    Super informative - very good insight into the micro level of cost of living

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you! We have released Part 2 as well. Do check it out!

  • @econdude3811
    @econdude381110 ай бұрын

    Wow, very informative and practical video. Thank you

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    10 ай бұрын

    Thank you very much for watching!

  • @foonlam7134
    @foonlam71349 ай бұрын

    Very informative and very good comparison. Thank you very much

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    9 ай бұрын

    You are most welcome! We are happy that you found it useful

  • @t.h.1784
    @t.h.1784 Жыл бұрын

    Forget gorge gouging coffee shops support Kopitiam to keep the culture alive!

  • @shayslegoandsuperheroaweso1446
    @shayslegoandsuperheroaweso1446 Жыл бұрын

    Hey John, Thanks for sharing..the cost of living for rental is really cheap. I dont find the food prices attractively cheaper but its surely cheaper and nicer.

  • @jameswatters9592
    @jameswatters9592 Жыл бұрын

    Really informative

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks for watching and supporting, James

  • @samuelchen2644
    @samuelchen2644 Жыл бұрын

    Inflation is simply producers/manufacturers (food or otherwise) trying to get more money out of us. Most majors that we see post profits. Yes we can guess where their profits come from.

  • @quartzmatter
    @quartzmatter10 ай бұрын

    Thank you

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    10 ай бұрын

    You are most welcome!

  • @hummit
    @hummit Жыл бұрын

    Good video! Very informative! But the thing with buying property is that foreigners must buy above MYR1 million. There are other costs like going back SG for family visits that are big ticket items that need to be considered.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi Edmund! Yes, each person has different costs tied to their lives. Hence budgeting for these items is needed. We go back to Singapore quite frequently as well and the tickets are priced into our budget when we plan. That being said, there are several ways to make a trip to Sg and if one plans early, the costs are manageable.

  • @hann659

    @hann659

    Жыл бұрын

    1 day of accommodation in Singapore already costs 100 SGD minimum (cheapest Geylang hotel if you can stand it, cheap mixed rice). 10 days will be equivalent to an extra 1 month of expenses in Penang. If going to Singapore often is necessary, it is better to stay in southern Johor..... Then the Singapore accomodation costs can be mostly eliminated.

  • @newjourney9220
    @newjourney9220 Жыл бұрын

    Just found your channel and it's quite insightful. But appreciate it that you write Ringgit as RM and not $. It's rather confusing as some slides you did wrote RM. Thanks and great job on Penang cost of living. Btw, i am a Penangite

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hello fellow Penangnite! Thanks for the feedback! We will strive to do better in our future videos! ❤️

  • @thigsagain

    @thigsagain

    Жыл бұрын

    Yes, it’s very very confusing. There’s a vast difference in exchange rate between $(presumably US) and Rm.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@thigsagain all prices are quoted in RM. Sorry for the confusion

  • @BTom16
    @BTom16 Жыл бұрын

    This was an excellent show on budget. Thank you. Perhaps we will bump into each other at a hawker stall. Lol.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Haha perhaps! You never know!

  • @erictiong8575
    @erictiong8575 Жыл бұрын

    For foreign viewers, purchase of property needs to be min $1m myr onwards & take note property tax for higher end condos & monthly maintenance are not cheap. Another critical requirement which is visa, the current MM2H visa requirements is Onerous. S-mm2h visa currently stipulates visa holders can only resides in Sarawak & not in West Msia that includes Penang. As for Digital Nomad, it is not easy to get & maximum is for 2yrs. Not the best visa in my opinion to plan for retirement in msia on. Msia is a nice country for social visits & short term stays. For retirement (foreigners), i am afraid the ship had sailed since the ridiculous MM2H had been revised in 2021. And god knows when they will revise the rules again. They seems to have a trend of revising rules & terms as & when they like. Smm2h visa is another recent shock for applicants. Many applied recently thinking it allows them to stay in West Msia but end up now this loophole being closed. 😢

  • @jaxd7206

    @jaxd7206

    Жыл бұрын

    In your experience and opinion, do you think it's feasible to stay in the country on a tourist visa and leave after 3 months? Is it possible to do so indefinitely or there's some kind of limit put forth so you can't get in the country after a certain amount of visits?

  • @erictiong8575

    @erictiong8575

    Жыл бұрын

    @@jaxd7206 hi Jax, i cannot say with certainty if Visa runs will work out. Ie: u stay in Msia for 80+ days & fly out for a period of time (few days, weeks or months?) & return back. I used to reside in JB on a 30days tourist visa from 2015-2020 (covid forced me back to SG). All was good all the way till 2018 when New PM Dr Mahathir came into power & cancelled the MACS visa that i was on. Immediately thereafter i have issues with immigration. I was nearly barred re-entry & thus i changed my daily commuting lifestyle btw JB & SG to balancing 59/50(JB/SG) commute. Ie: stay JB few days & stay sg few days & applied for mm2h visa (late 2018). Unfortunately mm2h visa was rejected in 2019 along with 90%+ applicants. Re-applied in early 2020 after change of govt but program got suspended in 3Q 2020 & visa application was returned. MM2H was restarted in 3Q 2021. But the new requirements were crazy & i could not qualify for it. Now back to your original Qn, will visa run works? For my case, it did not. I was nearly barred re-entry & had on few occasions got myself stuck at ICQ for up to an hour being interrogated & berated like a criminal. It is certainly not fun… sad to say i earn in SG & spend in msia & invested in both properties & business (as a partner) but not exactly able to stay in Msia with piece of mind (visa). Im keeping fingers crossed 🤞🏻 with another new govt in place, mm2h could be revised to more palatable terms.

  • @MrSGhawker1

    @MrSGhawker1

    11 ай бұрын

    @@erictiong8575thanks for details, very useful. Do you hear any news about new mm2h or other options allowing a prolonged stay (say 3-6 months) in Msia? Thanks and hope for good news for so many ppl

  • @erictiong8575

    @erictiong8575

    11 ай бұрын

    @@MrSGhawker1 New revised MM2H is rumoured to be revealed by end of Sept. fingers crossed. Cheers

  • @hoyakosi_jr
    @hoyakosi_jr Жыл бұрын

    +sub here, checking out your videos as I am likely to relocate in Penang thanks for your videos :)

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks JR for supporting our channel! Wow, when will you be relocating to Penang?

  • @vivienchong4832
    @vivienchong4832 Жыл бұрын

    Careful not to say Dollars ad opposed to RM,. Makes a huge difference for folks who do not live in Malaysia

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you for the feedback! Yes, we are aware of this mistake and will avoid for future vidoes

  • @tysonzeches8514
    @tysonzeches8514 Жыл бұрын

    Great video! When do we leave? I am ready! Penang is on my bucket list. Looks wonderful.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Pm us when you come over!

  • @ibraheemali9541
    @ibraheemali9541 Жыл бұрын

    nice content subscribed

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you Ibraheem Ali for your kind support!

  • @ibraheemali9541

    @ibraheemali9541

    Жыл бұрын

    @@corporatebreakoutcouple u r welcome 🙂

  • @liewwilliam3305
    @liewwilliam3305 Жыл бұрын

    Use RM as the domination , avoid confusion using of Dollar sign $

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Ok

  • @palania.subramaniam4271
    @palania.subramaniam4271 Жыл бұрын

    Good job, I'm sharing it with my family and friends.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Awesome! Thank you so much!

  • @kcextender
    @kcextender5 ай бұрын

    You should know Malaysian currency unit is RM not $. It makes differece when you telling the Real Cost Living.

  • @hann659
    @hann659 Жыл бұрын

    So, when the average person retires, he/she needs to have 1.2m MYR ready (5% return, 3.5% inflation, 40 years in retirement; from experience, you do need almost 1k every month to maintain a house after owning it fully). Wondering how many (average) people in Penang have that amount upon retiring.

  • @leetan4203
    @leetan4203 Жыл бұрын

    Groceries are quite expensive compare to those in U.K. supermarkets: milk, peanut butter, butter… But hawker food are really cheap.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Yes, especially imported goods. This is why a lot of people eat at hawker stalls as it is really affordable

  • @imranhussain5581
    @imranhussain5581 Жыл бұрын

    Great video watching from the UK do you have any information or a video about international school costs and fees many thanks

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi Imran! Thank you for watching our videos! We really appreciate it. There are several international schools in Penang. They are: StonyHurst Prince of Wales Tenby St Christopher's Dalat International Uplands Wesley Straits International You will be able to find all fees & costs on the individual websites.

  • @laimilligan8421
    @laimilligan84213 ай бұрын

    Thanks for the video. But is everything you mentioned in US dollars or Ringgit? Seems to be some confusion there.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    3 ай бұрын

    Our apologies. It is in RM (ringgit Malaysia).

  • @louis20122
    @louis20122 Жыл бұрын

    It seems I can live well with $2,000 USD a month.

  • @lindadorman2869
    @lindadorman2869 Жыл бұрын

    Thanks for sharing detailed costs for specific items. I'd like to see a sample budget for one person over age 40, living in more expensive (but not most expensive) area, renting condo, using Grab rather than motorbike. I expect costs for accommodations and insurances would be higher but I'm not sure how much higher it might be. I see a lot of videos that cover the lowest possible cost or super luxury high cost, but not a budget for mid-to-upper range cost of living in Penang.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi Linda! We did cover low and average consumer (watch till the end) and also stay tuned for Part 2! We will cover more!

  • @mewt100

    @mewt100

    Жыл бұрын

    For me at age 60, retired used to live in Singapore, double everything (2X) in this video and add in luxuries , high end makan , your own travel and hobby entertainments. Penang has good medical facilities. Need to check out immigration requirements for long term stay. Crime rate is "tolerable". Penang Island is NOT a clean city (horrible toilets, kids are thought how to use dirty toilets in school) city council facilities are "slack", third and half world facilities. All people are great with a chinese majority. English are spoken. Environment? beautiful but unkept and unclean beaches with dirty untreated river outlets. Big issues with traffic , mostly bad infrastructure with practically no public transportation. Food is good only if get to the right places. All goods need to be transport up to the island (cost). There is an inadequate airport with mimum international flights. Summary, cost and lifestyle overall, is better then other comparable cities with 1m residents in the other ASEAN countries.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@mewt100 wow! Awesome list. Stay tune for Part 2 coming soon

  • @bondafisya4645
    @bondafisya4645 Жыл бұрын

    Any videos of both of joining charitable organisation(s) and participating in their activities as ways to contribute to societies and also part of what you do to fill your time during your early retirement?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We love that you mentioned this! It is part of our plan to make videos of our charitable works in the future. In Singapore, we are part of an independent group where we band together to collect rubbish from beaches. In Penang, we volunteer our services to dog shelters.

  • @cookingwithadamkahnandlixu2718
    @cookingwithadamkahnandlixu2718 Жыл бұрын

    I can’t wait to visit. Hopefully has some decent schools as well.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Are you looking at international schools? There are plenty in Penang and the standard is pretty high (according to my friends and family's feedback)

  • @cookingwithadamkahnandlixu2718

    @cookingwithadamkahnandlixu2718

    Жыл бұрын

    @@corporatebreakoutcouple I was looking at some of the ones in KL, but hadn't looked in Penang. We're coming out this summer. I plan to tour two of the international schools in KL. Maybe we'll start looking in Penang at schools as well.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@cookingwithadamkahnandlixu2718 There are several good international schools in Penang. Stony Hurst St Christopher's Dalat International Uplands Prince of Wales Tenby All prices and fees are available on their respective websites

  • @trext888
    @trext888 Жыл бұрын

    Perhaps u could put the price as RM for rinngit. I looked back at the stall pricing to find out if u listing in sgd or RM

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Ya, we made a mistake. All prices quoted are in RM

  • @michaelwang7198
    @michaelwang7198 Жыл бұрын

    The unit of currency in Malaysia is RM (Ringgit), not $. You seem to use them interchangeably in certain segments of your video, calling RM the dollar. Can be rather confusing.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks for your feedback! Will be mindful in the next videos!

  • @Fiat-kl6lt

    @Fiat-kl6lt

    Жыл бұрын

    Yes agree, the price denomination should all be stated in Rm in the video... The $ sign is confusing for all..

  • @MrSGhawker1
    @MrSGhawker111 ай бұрын

    It is great video, thanks! But you are mixing up Ringit and Dollars all the time (and which dollars - US or SG?). It is very confusing….

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    11 ай бұрын

    Thanks! Sorry about the mix up! It's all in Ringgit actually

  • @jansenlai9063
    @jansenlai9063 Жыл бұрын

    Hi John. Great video! But your currency is quite confusing. Sometimes Ringgit sometimes Dollar 😂

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks Jansen for watching. Thanks for the feedback! All prices are actually in RM. Just the symbol incorrect

  • @bernardkoh1650
    @bernardkoh1650 Жыл бұрын

    Power pack presentation bro! Thts the way to live a life! Bye bye to the rat race!! Last 5-10 years enough!!👍🏻👍🏻💪🏻💪🏻

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks Bernard!

  • @vwchan841
    @vwchan841 Жыл бұрын

    AWESOME video John!!!!! Hey, I plan to retire in Penang soon. I have my MM2H stamp. I may want to hire you two for some consulting advice. How to reach you?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi! That's awesome to hear that you got your MM2H. If you want to speak further, do email us at corporatebreakout@gmail.com

  • @annmarieyap9009
    @annmarieyap900910 ай бұрын

    I find that the cost of living is very high if you don't convert! Wonder how the Malaysians survive???

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    10 ай бұрын

    We are talking about survivability, yes? As long as one works, drives a local car, cooks at home mostly with the occasional hawker food, no overseas travel, very rare restaurant dining, one is able to survive. Petrol prices are subsidised, some basic necessities are also price controlled by the govt for the sake of the low income earners, but enjoyed by all citizens. But yes, cost of living in Malaysia is high, against their earned income. The Ringgit is weakening against a lot of currencies, which makes imported products very expensive. The moment one steps out of Malaysia to travel, it is extremely expensive as well. Who are the ones most affected? It is the middle class. The rich are rich enough to not let these hurt their lifestyle, but the middle class are being squeezed with inflation, rising cost of living, stagnant wages. In Malaysia, the middle class are slowly being pushed to being lower middle, the upper middle are becoming middle.

  • @fahariah56
    @fahariah56 Жыл бұрын

    Hi. Luv your video. I think some of the food prices should be RM not $.....

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you for watching! Yes, it's a bit confusing, we realised. It's supposed to be in RM.

  • @carpediemroses189
    @carpediemroses189 Жыл бұрын

    Allo! Great content though … just a question though how do the average Malaysians survive in Penang? As singaporeans we find it cheap due to the exchange rate

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Travelling overseas is rare for them. Most either stay in Penang and hardly travel or travel within Malaysia. It is common for Malaysians to hold large amounts of credit card debt & pay monthly minimum sum. That being said, there are high income earners in Malaysia as well. In Penang, there are many MNCs in tech, manufacturing which set up business and factories there. The banking industry is pretty robust as well.

  • @leongyet9896

    @leongyet9896

    Жыл бұрын

    I have relatives in Penang and Ipoh. Their inflation are way higher than Singapore. Exp; their coffees and teas in their coffeeshop cost 1.8 -2.8 ringgit. The popular japanese green tea sachets in a box cost 25 ringgit. For people earning Sing dollars,it's still consider cheaper to spend in Malaysia but some of their imports are more expensive than Singapore. Their MSW durians can go up to 60 ringgit per kg. Their average income earners are having quite a hard time. Even their so called subsidise petrol is consider quite high for their locals.

  • @garyt7232
    @garyt7232 Жыл бұрын

    Appreciate the expense vlog. I see expense vlogs for The Philippines and for Thailand. Not that much for Malaysia. Thank you.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you, Gary, for watching! We appreciate it!

  • @garyt7232

    @garyt7232

    Жыл бұрын

    Just subscribed to your channel. My wife was born in Malaysia, and I was born in the States. We currently live in California. We would like to retire in Malaysia one day, but the current MM2H program makes retiring there challenging. Look forward to more vlogs in the future.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@garyt7232 is your wife still Malaysian? If so, she can apply for you spousal visa. We made a video on the entire application process.

  • @leetan4203
    @leetan4203 Жыл бұрын

    Are apartments/ condominiums leasehold like in U.K.? Are they leasehold? In U.K. apartments/ refer to as flats are 99 years lease. When it falls to below 80years you have to pay a premium ( can be big amount) to renew. Leasehold are going to be banned in U.K. That’s why people prefer to buy houses in U.K.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    In Malaysia, it is a mix of freehold and leasehold for condos and apartments. Leaning towards more freehold. For houses, it is usually freehold. There are some low cost units and that's usually owned by the state, as there needs to be an income threshold for one to purchase those.

  • @oofyoof4479
    @oofyoof4479 Жыл бұрын

    😅 daily expenses are high if you are a Malaysian .. maybe in the future .. the local will complain that foreigner jack up their prices

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Prices in Johor Bahru is very high due to the huge influx of people working in Singapore but living in JB and also the Singaporeans going over. Salaries in Johor are nowhere near Penang's and definitely 30-40% less than KL's. Penang's salary for white collar workers is still manageable for daily expenses but if one is not careful, one will just live paycheck to paycheck

  • @jeh1333
    @jeh133310 ай бұрын

    I am very confused by your constant swapping between dollars and ringgit, therefore, I really don't know know what some things costs - especially with rental / buying prices.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    10 ай бұрын

    Apologies. It's actually in Ringgit.

  • @qqx154
    @qqx154 Жыл бұрын

    Nice video. But I was confused by your "$"-sign. I thought it's USD, but you mean MYR...

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Apologies for the confusion! All prices quoted in ringgit. Thank you for the feedback and watching our videos ❤️

  • @alam6729
    @alam6729 Жыл бұрын

    Malaysia used RINGGIT as currency

  • @vicktorteck4902
    @vicktorteck4902 Жыл бұрын

    How about doing one for Johor Bahru?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Johor is around 15-20% higher cost of living than Penang

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Great suggestion. Would you like to see videos on certain other states as well?

  • @kikinnlala
    @kikinnlala Жыл бұрын

    The currency symbol is so confusing, suggest to edit and repost

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks for the feedback!

  • @jbrice2010
    @jbrice20109 ай бұрын

    You keep switching back and forth between dollars and ringgits but I think when you say dollars you mean ringgits. Otherwise the numbers don't make sense.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    9 ай бұрын

    Yeah, it's actually in Ringgit. The $$ is not usd but actually meant to be RM

  • @thecowegg
    @thecowegg Жыл бұрын

    Where is the condo in the beginning of the video located?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    The area is new. It is called Queens Waterfront. It is a mixed development with commercial lots on the ground level (supermarket, F&B eateries) and a huge gym.

  • @enzos711

    @enzos711

    Жыл бұрын

    Away from where most Expats live (gonna pay a lot more centrally located) ..

  • @pietgerr8289
    @pietgerr8289 Жыл бұрын

    thank very informative i will retire next year i am 54 and plnning to move to penang do u know hoe the mm2h visa works now did u apply for same visa thx

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We applied a long term visit visa for John as Fran is still a Malaysian. For MM2H, you can check out the Malaysian govt's website for the latest criterias.

  • @joannadephinelim9445
    @joannadephinelim9445 Жыл бұрын

    Vegetables in Penang RM7 carrots, potatoes sold 1 pack RM15 no loose vegetables sold poultry RM25 1 pack no loose in sunshine supermarket transport grab car 2 Km RM15 so expensive salary RM2k not enough room rent RM380 utility 100 phone bill RM109 cannot survive

  • @abirames8925
    @abirames8925 Жыл бұрын

    The currency symbol is confusing.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks for the feedback!

  • @raymondtai5561
    @raymondtai5561 Жыл бұрын

    I love your videos. However, it will be nice if you tone down your voice. Throughout your video, you guys appears to be screaming… Hope you don’t mind this frank input.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We appreciate all feedback. Thank you for taking the time to watch our videos! ❤️

  • @senariahabdlatif2863
    @senariahabdlatif2863 Жыл бұрын

    So details and good summarize in breakout budget in Penang. Good 👍 afford.🤣🤣

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thank you!!

  • @steph7249

    @steph7249

    Жыл бұрын

    Very good breakdown in all expenses. Keep up the good work! Subscribed.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@steph7249 Thank you so much!

  • @peterhawn6944
    @peterhawn6944 Жыл бұрын

    What visa you used to be able to stay in Penang for eight month. Thanks.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi Peter. John's visa is under the spousal visa application as Fran is still a Malaysian. We did a whole video on visa application process. Do check it out

  • @peterhawn6944

    @peterhawn6944

    Жыл бұрын

    @@corporatebreakoutcouple appreciate your rely

  • @michelleteogeckngoh5111
    @michelleteogeckngoh5111 Жыл бұрын

    how about medical and hospital cost?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We did cover it under healthcare and in the budget simulation. As medical needs varies from condition to condition, we cannot cover things like surgery or treatments.

  • @ibraheemali9541
    @ibraheemali9541 Жыл бұрын

    how do you earn money to fund this cost of living and retire early?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    That's a really good question and we are so glad that you asked. The answer isn't so straight forward therefore we are making a video on it soon to reveal more. Stay tuned!

  • @ibraheemali9541

    @ibraheemali9541

    Жыл бұрын

    @@corporatebreakoutcouple Looking forward to it

  • @valentvell
    @valentvell Жыл бұрын

    Which waterfront is that?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Queens Waterfront

  • @amirulazharomar7483
    @amirulazharomar7483 Жыл бұрын

    Is it ringgit or dollars? Be consistent.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Ringgit. Thanks for the feedback

  • @atwc21
    @atwc21 Жыл бұрын

    wow, how to retire at age of 40?! i also want it please !

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We've been sharing nuggets here and there in our videos, so do watch them! The road to early retirement isn't a straightforward road. It's full of failures, lessons and hard work. But the rewards are so worth it

  • @atwc21

    @atwc21

    Жыл бұрын

    @@corporatebreakoutcouple also i must watch it more Thanks

  • @RegularGuy239
    @RegularGuy239 Жыл бұрын

    are you on the mm2h visa ?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    John is on spousal visa as Fran is still a Malaysian.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    We did a video on spousal visa application a couple of months back. Very detailed and informative. Do check it out!

  • @RegularGuy239

    @RegularGuy239

    Жыл бұрын

    @@corporatebreakoutcouple thanks ! how about those of us who are just Singaporean ? what options are there to live in Malaysia?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    @@RegularGuy239 you can try MM2H or the Sarawak version of MM2H (the requirements are pretty relaxed) or if you are a digital nomad, you can apply for the digital nomad visa.

  • @TeeBinOng

    @TeeBinOng

    Жыл бұрын

    John & Fran , you just gave another reason to come home 😊😊😊

  • @fridayworkmalaysia7490
    @fridayworkmalaysia7490 Жыл бұрын

    Your slide should use RM instead of $.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Got it! Thanks for the feedback

  • @eddserrano6967
    @eddserrano6967 Жыл бұрын

    Your numbers are confusing, because you are using $$$ and Ringgit mixed up.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    All numbers are in RM. Only the symbol is incorrect. Thanks for the feedback

  • @Dr.Goldstajn
    @Dr.Goldstajn11 ай бұрын

    Prices are in USD?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    11 ай бұрын

    Prices are in RM. There is an error using $ instead of RM

  • @louis20122
    @louis20122 Жыл бұрын

    Is there any natural disaster like hurricane or earthquake?

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Penang and Malaysia overall is so blessed to have no earthquakes or hurricanes. Malaysia does have the occasional floods but it's very contained.

  • @enzos711

    @enzos711

    Жыл бұрын

    @@corporatebreakoutcouple 54 died in Penang, d/t 2004 Indonesia Tsunami ..

  • @Kane_2001
    @Kane_2001 Жыл бұрын

    More chinese live in Penang /Georgetown/bayan lepas

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Ya, memang more Chinese in Penang.

  • @sigridszetu6062
    @sigridszetu6062 Жыл бұрын

    Great info,but try not to shout!

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Haha! OK, thanks for your feedback!

  • @29saturdays
    @29saturdays Жыл бұрын

    The use of currency should be in RM and not $ ...as $ represent USD ....if a penang laksa cost $5.50 that represent RM23/- ?? what an expensive meal in Penang ... doesnt make sense in your video

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Yes yes, all currency is in RM. Just the $$ is incorrect

  • @johang8789
    @johang8789 Жыл бұрын

    You back & forth ringgit & dollar..so confusing...my suggestion if you explaining in RM..just use it for everything...you said Ringgit (RM) but on the video show dollar ($)...very confusing😴😴

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Apologies! All prices quoted are in RM.

  • @mpblolly
    @mpblolly Жыл бұрын

    Messaged on FB messenger

  • @banshong3997
    @banshong3997 Жыл бұрын

    Looks like a tour of hawker food. Why waste time why don't you get to the topic of your video.? At the very least compare the before or after price

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Haha... If you were to watch the entire video, things gets more exciting! Cheers!

  • @banshong3997

    @banshong3997

    Жыл бұрын

    @@corporatebreakoutcouple I like what you do or at least your intentions. Asking me to watch till the ends means you have a) lost an audience b) you need to come to the point c) you need to edit better d) tour video does not match it's title or intent. Keep doing and I'm sure you'll improve. Good luck 🤞 I am doing it cos I think something of what you're doing is needed for people everywhere esp of the diaspora. Best regards 👍

  • @Kash-is-King
    @Kash-is-King Жыл бұрын

    😂 Singaporeans making youtube videos. Rather unusual because corporate guys of his age should be making at least 20k sgd. Something just doesn’t add up.

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Hi there! Since we quit the rat race in 2020, we now have the luxury of time to pursue the things that we want to do. There are other ways to earn money, not just working in the corporate world. If we are still stuck in the corporate world, then we won't have the time to make videos like these for all of you.

  • @johns8881
    @johns8881 Жыл бұрын

    can you give us the US dollars money not MYR $ please .

  • @corporatebreakoutcouple

    @corporatebreakoutcouple

    Жыл бұрын

    Thanks for your feedback! We will take it into consideration for next video

  • @stephenvincent4706

    @stephenvincent4706

    Жыл бұрын

    Good grief! Convert it yourself. Plenty apps available.

Келесі