Early Retirement In Penang, Malaysia 2023. How Much MONEY (Cash Flow) Do YOU Need Per Month?

***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:
You asked and we delivered! In our previous 2 videos covering extensively on the Cost of Living in Penang, we broke down the costs for Basic Needs in Part 1 and Wants in Part 2. All related costs were then compiled into 2 budgets - The Budget Sensitive Penangite and The Average Consumer Penangite.
In today’s video, we are back again covering all relevant costs for an Early Retirement in Penang, and for who? You guessed it! It is for Foreigners who desire to retire early in Penang, Malaysia. We have broken down the costs in various categories, from Food, to Transport, to Accommodation, to Healthcare, covering ALL the Basic Retirement Needs. But most importantly, we have shared how a Foreigner is able to stay Long-Term in Penang! We provided various VISA application methods for a Foreigner to retire and stay long term in Penang.
Hi, my name is John, a Singaporean. Together with my wife Fran, a Penangite Malaysian, we retired in 2020 at the age of 40 in Singapore. We then moved to Penang in 2022. This is because we have families in both countries, and we are proud to call Penang and Singapore our choice homes of retirement.
In this video, you will also find out if it is possible to retire early in Penang!
The prices quoted are in Malaysia Ringgit and are kept as accurately as possible.
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 Early Retirement in Penang
03:55 Food - Eating Out and Cooking In
06:55 Transport
09:25 Accommodation
11:49 Healthcare
13:14 Shopping & Entertainment
14:24 Interstate Travel
15:27 VISA requirements
19:35 Budget Building
Related Videos:
A Day in the Life of Early Retired Couple in Penang, Malaysia
• A Day in the Life of E...
Penang Edition 2023 Part 1 - The Real Cost of Living (Basic Needs)
• Penang Edition 2023 Pa...
Penang Edition 2023 Part 2 - The Real Cost of Living (Wants)
• Penang Edition 2023 Pa...
Applying for Malaysia Long Term Visa - Our Step by Step Guide
• Applying for Malaysia ...
Financially Free Singapore Couple Reveals Their Background
• Financially Free Singa...
Credits:
Google Maps
Propertyguru Malaysia
Paulhypepage Malaysia
Immigration Department of Malaysia
Visaguide.world
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 #retirement #personalfinance #earlyretirement #budget #budgeting #costofliving

[@muhjm1946]

Should convert the money into dollars that would give an expat a better understanding.

[@corporatebreakoutcouple]

You can always use XE converter to convert the RM into USD or any other currency

[@marymary9814]

If you dont mind please dont wave your hands so frequently because they made me dizzy while watching. Thanks

[@corporatebreakoutcouple]

Noted on that. Thanks for letting us know

[@mrbruceriddell]

I like the hands

[@corporatebreakoutcouple]

@@mrbruceriddell haha thanks!

[@leelexus5515]

Can't wait to visit Penang Island , one of my favourite holiday destinations ( and my family too)

[@wrsawrhr]

awesome video and timestamps!! Really informative.

[@corporatebreakoutcouple]

Thank you so much!!! ❤️

[@user-fe8xe5kp6e]

We always , define our identity , if you define your life a unsuccessful life , you will be unsuccessful .if you define your identity is successful you will be successful.

[@MountainGoat67]

My wife and I from California will be visiting KL and Penang in September to explore the possibility of extended travel/ semi retirement in Malaysia as Digital Nomad (currently working from home via internet for a US based public company). Hope to meet you both. Thank you

[@corporatebreakoutcouple]

That's awesome! Pm us when the time comes

[@brandonwoo8299]

Penang is better place to retires.

[@Msmastcove]

We are also from California and going to check out Penang & KL in October. Let’s exchange some notes.

[@aliali-ce3yf]

last day of September today, so how was it?

[@MountainGoat67]

It was awesome. KL is fantastic and Penang is very inviting. Cant decide which one is better. KL has better public transport while Penang is a quite large city with small town feel. Both have great food selections. Price wise is almost the same. I rented a scooter while in Penang. It’s the better way to get around in Penang conveniently. Since my wife doesn’t ride, KL is preferred. For now.

[@keviny354]

If you don’t mind, please talk a little bit slowly. Thank you!

[@corporatebreakoutcouple]

Sure

[@bensontan685]

Thank you for sharing... I was discussing with my wife about retirement but both of us just don't know where to start.... from what to do with our daily life during retirement to cost of living. Your video give me rethink instead of drinking coffee and reading newspaper daily in coffee shop. We need to think how to make value into our life... there are much more to learn from your video..

[@corporatebreakoutcouple]

Thank you, Benson! This is the whole reason we started this channel. We are very much aware that a lot of people do want to retire but they don't know how to retire well, retire without worrying about finances and also what to do with all the spare time.

[@jillpemberton1434]

We are Canadians travelling the world and in KL now. We are so impressed! KL / Malaysia ticks all the boxes for us. We just might end up here😊

[@corporatebreakoutcouple]

Awesome to hear that! Do stop by Penang for an island experience like no other. And the food is simply the best!

[@nomad5375]

great video!

[@corporatebreakoutcouple]

Thanks!

[@garyt7232]

I am a details kind of person. Appreciate the Penang retirement vlog.

[@corporatebreakoutcouple]

Thanks Gary!! We in turn appreciate YOU for watching!

[@AlvoLong]

Brilliant vlog. I must admit, I am jealous that you are already retired at such a young age.

[@corporatebreakoutcouple]

You can do it too! Focus your energy on building assets that will give you passive income. Jia you!

[@aazizahaazizah6055]

Wah tahniah ..retire early...I also want..very interesting

[@corporatebreakoutcouple]

Terima kasih. 😘 With hard work and commitment, memang boleh retire early.

[@seans1508]

Excellent video. Thank you. Not sure if it is a Singaporean thing, but the 'one-half' couple figures/formula throws me off. Maybe because I am used to considering a couple (or family) as one unit. Lol. Anyway, lots of good information. Much appreciated.

[@corporatebreakoutcouple]

Thanks Sean! Much appreciated. We broke down the figures to one half so that it represents the true cost per person.

[@fonglingchoong4845]

Fantastic video. So useful. Another query - are there places to buy art painting materials (aka sg Art Friend)

[@corporatebreakoutcouple]

Hi Fong Ling. We are pretty sure there will be shops selling art supplies but we don't know them as we aren't the artsy kind of people. Perhaps you can do a Google search ❤️

[@milnella]

I will be in Penang come July for the durian season...Hope to see you both soon!

[@corporatebreakoutcouple]

Durian!!! Woo hoo!! Yup, pm us via email when the time comes

[@fonglingchoong4845]

How do I find your email? Thx

[@corporatebreakoutcouple]

@@fonglingchoong4845 it's [e-mail]

[@BOULDERGEEK]

No durian on subway!

[@corporatebreakoutcouple]

@@BOULDERGEEK no subways in Penang! Haha

[@soundslight7754]

I really like this channel, you're authentic and realistic with your contents and presentations, you inspire other people to live more freely. I also have to say you did NOT retire at 40. You left corporate life! You're still working - you swapped working for business entities with working for yourself flexibly, and investing your capital to live off your business and investment activities. You have not taken early retirement at 40 as you keep telling us!

[@corporatebreakoutcouple]

Retired to us means retiring from the work that we don't want to do aka work for corporate hence our name Corporate Breakout Couple. We are also very young, so there is no way you will find us shaking legs at home doing nothing. Yes, we live off our passive income from our investments, which is why we can quit the rat race. We are now free to live life on our own terms and we choose to make KZbin videos to share our knowledge and hopefully inspire all of you. ❤️

[@soundslight7754]

@@corporatebreakoutcouple English dictionary definition of 'retirement' (not my own words): retirement noun 1. Withdrawal from one's occupation or position, especially upon reaching a certain age. 2. The age at which one withdraws from work or activity. 3. The act of retiring or the state of being retired. ==== You've made a choice in life, to change gear and direction, to have more say on your life, on how you spend your time and how you exchange it for money. I'm very happy when more people realise they have this option. I'm supportive of your choice, of what you're doing and a fan of this channel, but this isn't retirement. That's my point based on formal dictionary definition of 'retirement'. If you can coin a phrase that captures essence of what you're doing, it'll be a public service. Thank you, god bless, peace and respect ♥

[@corporatebreakoutcouple]

@@soundslight7754 This is our definition of early retirement (as we've been advocating in our channel) : Early retirement doesn't mean not working at all. It means retiring from work that you don't want to do. In 2023, retirement or early retirement looks very different compared to the 80s, 90s and 2000s. People now have more options, thanks to the digital age that we are in. More and more millennials and Gen Z are refusing to conform to the usual ideas of retirement that they see their parents and grandparents are doing or striving for.

[@BimBomPetrovich]

I agree that this is quite a misleading term in the way it is used here (calling the early retirement) but anyways it is clear what authors telling us

[@soundslight7754]

@@BimBomPetrovich donkey = airplane, water = needle, apple = ant, shoes = hat, beer = burger, car = bread - in the same way

[@LonganLee]

Retirement is not sit motionless at home. Even this channel's owners are not doing nothing though enjoying Retirement. They have Sources of income from their investments and growing this channel can bring in future income and even sponsorships. So, Retirement should be enjoying life and still receiving income with plenty of time to tour around. Many however want to work till they die as they do not see a way out in their limited life.

[@soundslight7754]

That's not retirement then! I have nothing against it, nothing against the nice couple. I have a 'terminology misuse' issue. It's going off the beaten track and carving a new niche, it's wonderful. I arrived at that point after 2 years of corporate life, then went on to work as a freelance consultant

[@petermaxx3971]

Great videos. Any chance that you will be making a video on availability of pet veterinarians and pet food. Just overall living with pets in Penang. I hope your puppy is doing well. :)

[@corporatebreakoutcouple]

There are a lot of vets in Penang. There are also pet centres where u can buy pet related stuff and food. We cook our own dog food for Snuffy. Penang is a pretty pet loving state. In fact, we are heading to a huge pet expo this coming Saturday!

[@petermaxx3971]

How was the pet expo? Any chance that you guys have a relocation manual in place where we can do further research and go to your network of professionals for further info? I am doing my research of retiring in different places such as Panama, Ecuador, Europe but I just cant find the place that would check all my checkboxes... Maybe Ipoh?@@corporatebreakoutcouple

[@ngkahsiong9001]

Hi Good morning folks! 1st liked 😂

[@corporatebreakoutcouple]

Power!! Haha!! Hope you enjoyed the video!

[@TheMaxsinig]

Congratulations for your videos, you are very professional and explain in detail.I would like to come and live 3-5 months a year in Malaysia and I would like to stay in Penanag because I saw that it is a little cheaper than KL, or do you have any other area you recommend that is as cheap as Penang? Regarding safety, how is it in Penanag? Thank you

[@corporatebreakoutcouple]

Definitely Penang for the win! You have the sun, the sea, the awesome food and Penang has gotten to be one of the safest states in West Malaysia in recent years.

[@DesmondWFS]

Nice video . Have you ever consider Ipoh ? Can make similar video on Ipoh ?

[@corporatebreakoutcouple]

We just released cost of living in Ipoh a few days ago. Do check it out and we also interviewed an early retired Singaporean couple who are now living in Ipoh. We think you will enjoy both videos ❤️

[@babibrain]

I prefer to retire in KL due advance public transportation like in Singapore. Besides, fly from KL to other part of the world are abundant and cheap. Hopefully HSR to Singapore reinstate as soon as possible. It will being the of both world together

[@corporatebreakoutcouple]

Yeah, Malaysia overall is a great country to retire in.

[@henry4367]

Is this budget for a couple or a person…what’s the budget for a couple?…thanks you have done an awesome job on providing info on expenses in Penang.

[@corporatebreakoutcouple]

This budget is for one half of a couple. For a couple, you just x2 the rental and other items.

[@lindadorman2869]

How sad that Malaysia decided to tighten its financial requirements for the MM2H program. Few foreigners can qualify so they will retire, invest and spend their money in other countries. Even if they relax the requirements in the future, who will trust the government to honor the program anymore?

[@corporatebreakoutcouple]

Yes, it is indeed sad, Linda. We know of people who had to move out of Malaysia because they no longer qualify for the new criterias. To be then told that the new rules do not apply for renewals. However that being said, one can really enjoy a great life in Malaysia, so there's always some element of risk involved each time one decides to relocate, regardless of the type of visa.

[@lindadorman2869]

As of July 2023, it was announced Malaysia is formally reviewing its MM2H program and will issue the results in 2 months (Sept 2023). As a foreigner wishing to retire in Penang, I hope they relax the financial requirements to make it affordable for those on a fixed income.

[@corporatebreakoutcouple]

Lots of people are crossing their fingers!

[@MrSGhawker1]

Great news! Pls share the link to mentioned announcement. Many thanks!

[@dloui5214]

personally 100 mio usd today's worth would be enough for me .

[@wanderingsoul2909]

Thank You Guys, so your saying that basic monthly costs : low budget < $500 , regular budget < $900 USD is very good ! But unless your married to a Malaysian you can't get into the country unless you find employment or have lots of income and cash for the MM2H ripoff !

[@corporatebreakoutcouple]

Or you can start a business and apply for a digital nomad visa

[@wanderingsoul2909]

@@corporatebreakoutcouple Ok, maybe you can do a video on that ? Most people hope that they rollback the MM2H requirements later this year in Oct/Nov to a more reasonable level.🤗

[@corporatebreakoutcouple]

@@wanderingsoul2909 we did cover it in this video. Not in full as we are also not experts in migration

[@BOULDERGEEK]

@@corporatebreakoutcouple That sounds like work.

[@jnch2290]

Enjoy your channel! How's safety in Penang?

[@corporatebreakoutcouple]

Hi there! Penang's safety has improved leaps and bounds over the years! We dare say that it is one of the safest states in Malaysia. Of course, definitely not at the level of Singapore. However that being said, we feel safe in Penang and we do not take it for granted. We are still very careful with our belongings and so forth.

[@corporatebreakoutcouple]

www.channelnewsasia.com/asia/malaysia-review-mm2h-visa-tightened-criteria-foreigner-property-tourism-stakeholders-3428481?cid=internal_sharetool_androidphone_20042023_cna The latest update on MM2H for Malaysia. The requirements may be relaxed in the future.

[@Kitiwake]

I hear the traffic is a nightmare, the drivers are worse and the air in KL is polluted.

[@corporatebreakoutcouple]

Traffic on Penang island is manageable. As an early retiree, we are always out and about during off peak periods. During weekends, we go to places where there's less crowds and go to popular spots on weekdays. That's the best part of being early retired. We can choose the best timing that suits us

[@dlk3904]

If you are retired and having 40,000 ringgit a month in income-that’s difficult to do in retirement

[@corporatebreakoutcouple]

They recently revised the MM2H requirements. We did a video on the new requirements as updated as we can at that time. Do check it out!

[@khambongsayavong8216]

Hello can you talking about a us $ f

[@athleticos99]

actually there is another way to retire in penang with just 2k income, u need to be a malaysian

[@ibraheemali9541]

so for an average retiree with monthly expenses of 842 usd equating to 10,104usd/annum cash flow...... u need 336,800 usd invested providing you a dividend yield of 3 % per annum...taxes not included

[@corporatebreakoutcouple]

There are many ways to create passive income. Real Estate rental, royalties, dividends, options, affiliates. We could go on and on.

[@ibraheemali9541]

@@corporatebreakoutcouple anhan ok thanks

[@victorlee8606]

@@corporatebreakoutcouple I wish i got a mentor to guild me build this up in 5 years time for my retirement

[@corporatebreakoutcouple]

@@victorlee8606 stay tuned for some exciting news from us soon!

[@leanne2330]

What else can one do after 2 exciting years retiring there? When we are 43 yrso.... or 58 yrso?

[@corporatebreakoutcouple]

We love this question! Malaysia is a big country. You can travel extensively to each state and explore each state's unique offerings. You can also travel to other Asian countries as they are easily accessible. Malaysia is a country blessed with lots of culture, nature trails, mountains, excellent food and tons of outdoor activities. If one is the more indoor type, Malaysian malls are very large, air conditioned and plenty of things to see, shop and do in the malls. We've been in Penang for 1 year and we've hardly scratched the surface. There is always something new to explore /eat /visit.

[@corporatebreakoutcouple]

Latest update on MM2H Malaysia : malaysia.yahoo.com/news/home-ministry-says-putrajaya-made-061426760.html

[@WuangZemin]

I was born and bred in Penang . I left Penang for UK in 1970 . Im considered a foreigner in Malaysia. I’m an UK passport holder . I have retired from my profession for many years and I’m fit 74yo widower. I’m considering to spend a few months a year in Malaysia but based in Penang . I would like to purchase a high-end condo for this purpose and as an investment. I have some closed relatives in Malaysia . Could you advise what’s the best way forward ? I have watched your earlier videos someway back . I might need to revisit them . Thanks .

[@corporatebreakoutcouple]

That's great. For foreigners, you can purchase any condo as long as the price is above RM1 million. In order to stay longer in Malaysia, it's best that you apply for the MM2H visa program.

[@dlk3904]

What if you have no monthly income but you have USD millions in liquid assets but no monthly income. What could you do? Start a corporation; then pay yourself? That seems like a waste of money as I’d be taxed on that

[@corporatebreakoutcouple]

You need to show proof of funds that you can sustain yourself whilst in Malaysia. Best that you speak to a licensed MM2H agent

[@edwardbland2797]

I couldn't understand any of that ringing talk so I didn't know in American dollar what's Any of it was equivalent to American money

[@corporatebreakoutcouple]

Divide the Ringgit by 4.5 to get it into American dollars

[@Phonedumb]

Hows the short term rental availability there in Penang? Say 3 to 4 months? Is it illegally?

[@corporatebreakoutcouple]

No problem at all. There are Airbnbs and also short term rentals available

[@TomL2025]

Hi John, where is a good place to fishing in Penang?

[@corporatebreakoutcouple]

Hello Tom! We are not fishing experts, however there are some great spots for you to fish at. What the locals do is they hire the local fishermen to bring them to the fishing spots. Alternatively, you probably could join the fishing community in Penang on social media.

[@islandsnow]

Sorry just a suggestion it’s ok to give prices in the local ringet or whatever the currency but would be nice if you can also give it in US dollars and maybe British pounds. I mean. This is a video for foreigners right?

[@gif24gt60]

Which is cheaper with better quality of living including air pollution, penang or pattaya?

[@corporatebreakoutcouple]

2 pretty different countries. Penang is a city island so you have the hills, the beaches, not much air pollution, great food, generally safe place. Pattaya is a city of Thailand's gulf coast and is well known for its parties and cabarets, night life. Another thing to note is that Thailand is general is a lot hotter than Malaysia and the water is hard water, so it does affect hair and skin. We just spent 3 weeks in Thailand and we noticed a huge difference in our skin, hair and complexion. That being said, both countries are lovely, so perhaps you can decide to spend 6 months in Penang and another 6 months in Thailand (pattaya or elsewhere) and then make a decision.

[@Youtuber-fr2wh]

How does a person travel with a pet dog if they do not own a car? I couldn't find the answer on Google. Grab and taxi in Malaysia are not pet friendly from what I have been reading. Do you have any solution or ideas? Thanks

[@corporatebreakoutcouple]

Rent a car. Most Malaysians own their own car, which is why the issue of Grab and taxis not allowing dogs inside has never been a problem

[@Youtuber-fr2wh]

John, my wife and I will be visiting Penang for a few months later this year and will bring our Papillon pet dog. I see you have a dog too. Are dogs welcomed in public areas like parks, malls etc...... whether in a carrier bag, backpack and on leash? Any suggestions where we can bring our dog for outings?

[@corporatebreakoutcouple]

@@KZbinr-fr2wh unfortunately dogs are not allowed in public parks. However that being said, Straits Quay is a pet friendly area. You can dine in restaurants there with your dog, at the Al fresco areas. There are also many pet friendly cafes in Penang. A carrier /pram is highly recommended.

[@andrewchee3748]

I am a Chinese singaporean. Which states should I retire. Penang or KL ? Please advise. Finance is not an issue.

[@corporatebreakoutcouple]

Hi Andrew. The answer will depend on what kind of lifestyle you would like to lead. If its the laid back, beach vibes, hipster cafes, hiking trails, beach activities, sailing, the best food in Malaysia, then it's Penang. If you want city life, faster pace, Michelin star restaurants, concerts, plays, huge malls, shopping galore, the latest activities - then it's KL. Feel free to check out our retirement in kl video as well as the retirement in Penang one. They are different than the cost of living videos

[@andrewchee3748]

@@corporatebreakoutcouple Thank you very much.

[@thamlengkit79]

May I ask if u have kids? Because with kids the considerations will be hugely different?

[@corporatebreakoutcouple]

We don't have kids. However we've interviewed a few people on our channel with kids and they too retired when they were in their 40s, when the kids were still young and in school. Do check the videos out under the Ordinary People Extraordinary Stories series

[@les2833]

You are a Singaporean, can you drive malaysia's car (Not Rental car)?

[@corporatebreakoutcouple]

Can! As long as you pay cash for the car, you can own one in Malaysia and pump RON95 (because the car is registered in Malaysia)

[@ibraheemali9541]

10:20 if u r a digital nomad working to earn at least 24kusd/annum then its not actually retiring, right?

[@corporatebreakoutcouple]

Please share with us your idea /definition of retiring. Once you retire, do you intend to just sit at home all day to watch TV? To us, that is a sure way to an early grave.

[@ibraheemali9541]

@@corporatebreakoutcouple i mean if a person is already a digital nomad and s/he wants to retire fromthat lifestyle........my idea would be maybe do sth else.....volunteer work... or voluntarily running a philanthropic organisation

[@corporatebreakoutcouple]

@@ibraheemali9541 definitely! We too do charity work in Singapore and Penang. However it does take money to do charity work. We donate our time and money. And the more money we make, the more we can donate and give back. The beauty of creating businesses like digital business is the passive income that it brings in. Having this business then allows one to apply for a digital nomad visa.

[@ibraheemali9541]

@@corporatebreakoutcouple thanks and i agree......godspeed !! you two are a true inspiration !!

[@EvralTatum-Mcfield-ov2mi]

Man, less than a $1000 a month, is not bad for a single, no vices individual, but i guess the retirement visa financial requirement, is a bummer, hopefully that deposit is not more than $20,000 in savings!!

[@corporatebreakoutcouple]

We think the Malaysian govt is in the process of reviewing the MM2H visa requirements.

[@EvralTatum-Mcfield-ov2mi]

Yes, that will be good, instead of asking for a deposit of $20.000 for a retirement visa!!@@corporatebreakoutcouple

[@tigerspiritjourney]

How is the malaria infection rate there??

[@corporatebreakoutcouple]

As of what we know, there are zero reports of malaria in the state of Penang island right now

[@u2ber888]

M'sia gov is milking on the retirees. No one can earn an income as a retiree with RM 40k/mth. It makes no sense at all. Also if you need RM1.5mln plus RM 1.0 mln deposit, only super rich retirees can find some where else in southern Europe to retire.

[@corporatebreakoutcouple]

Yes, it is super limiting with the current requirements.

[@u2ber888]

@@corporatebreakoutcouple I heard many had moved out of west M'sia heading to East M'sia with easier option. The gov is killing the economy.

[@Raquel-op6xo]

Omg then what's the point of leaving the US?

[@ibraheemali9541]

20:09 all these costs are for one person or a family of two?

[@corporatebreakoutcouple]

The costs are for one person. The reason why we say one half of a couple is because there are a lot of shared costs /resources like house, cooking costs.

[@ibraheemali9541]

@@corporatebreakoutcouple anhan ok got it ...thanks alot

[@romliahmadabdulnadzir1607]

Penang is known as the Pearl of the Orient, the only habitable paradise or haven on this planet, or the extent to which the universe is fine-tuning its expansion or our network is accelerating to its end. We do not wish for birth and death, the choice is ours when we reach our desire to retire in heaven.

[@bc41]

are these for two pp

[@corporatebreakoutcouple]

The costs is broken down for one half of a couple because certain costs are shared. That's how you can obtain the true cost of living in a place.

[@quay007]

My friend, in my opinion your budget conscious n average retiree cost is way out from what is actually needed. Budget conscious you listed Food at RM600 and Rent at RM1200. RM600 can be achieved with no eat outs. Home cooking all the time. Rental RM1200 way too high. Perhaps for RM650, can rent a two rooms flat. And for your average retiree, RM1200 for food is reasonable. This retiree has space for eat outs n perhaps some low end entertainment. But RM2000 for rental is way too high. For around RM1000 can get a decent apartment. By the way I have been staying in Penang for more than 50 years.

[@corporatebreakoutcouple]

Our budget is actually very realistic and on the ground. It is unrealistic to expect people, especially ones who are early retired in their 40s and 50s to not eat out in cafes or restaurants. We are advocating a lifestyle which is not super lavish or over the top but realistic of a middle income person. Not forgetting people who opt to retire early in Malaysia do have a certain purchasing power, perhaps from passive income from investments or because of their income in a foreign currency which is superior to the Ringgit. One cannot assume that once one is retired, one needs to be frugal until one is no longer in this world.

[@louis20122]

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

[@corporatebreakoutcouple]

For one person, yes you certainly can!

[@averylong9200]

How much cost for a couple per month?

[@corporatebreakoutcouple]

@@averylong9200 the answer is in the video

[@chuntong6290]

Hello, how is health insurance for foreigners?

[@corporatebreakoutcouple]

Usually foreigners will buy their own insurance from their home country (that's what we do as well) Best to speak to an insurance agent on other coverage

[@chuntong6290]

@@corporatebreakoutcouple thanks for your information.

[@michaelchokhq]

Financial planning is very important when you are young. Otherwise you still need to work after 60.

[@corporatebreakoutcouple]

Yes, precisely. Super Important

[@user-fe8xe5kp6e]

✉️🏷️💐

[@user-fe8xe5kp6e]

✉️🏷️

[@anoyakashi8775]

MALAYSIA GOV DID NOT LET MM2H PEOPLE TO RETURN TO MALAYSIA WHEN PENDAMIC. MOST MM2H PEOPLE LEFT MALAYSIA.

[@corporatebreakoutcouple]

Yes, that's true

[@papi8659]

Ridiclous requirements - Thailand, Bali much more sensible

[@corporatebreakoutcouple]

One can always apply for the digital nomad visa in Malaysia. Only require USD24k per annum income

[@woneloon]

With kids, hard to retire at the age of 40 la

[@corporatebreakoutcouple]

Hard but not impossible. Don't give up

[@user-fe8xe5kp6e]

💳🍪☕️

[@12dougreed]

You want a bet 🤣

[@corporatebreakoutcouple]

Question or statement?

[@user-fe8xe5kp6e]

💳🍻🥃🍪🍩🍙🥩🍷

[@user-jw9lq5ib6g]

is there a minimum rental period for an apartment ? - example.. if you arrive on a passport granting a 90 days tourist visa period - can you rent for 3 months ? - or.. must tourist visa holders go to the airbNb market ?

[@corporatebreakoutcouple]

Great question! There are several short term rental units available in Penang. For example Sunrise @Gurney or 218 Macalister, which are at fantastic locations.

[@user-jw9lq5ib6g]

@@corporatebreakoutcouple great.. many thanks and appreciate your swift input.. haven't been to Penang for 30 years.. aiyoo.. time flies.. now is the time for another visit

[@corporatebreakoutcouple]

@@user-jw9lq5ib6g pm us when you do visit! We love meeting new people!

[@gd6938]

1 half! What the fok is that?

[@corporatebreakoutcouple]

That's the right way to calculate cost of living. One half of a couple.

[@user-fe8xe5kp6e]

🍔🧋💳