How to Increase Your Income by 30% in Malaysia: The Property & Career Guide

If you are currently sitting at your desk in Bangsar, KLCC, or anywhere in the Klang Valley, staring at a lukewarm cup of coffee and wondering why your bank balance looks like a telephone number without the area code, you are not alone.

Most people spend their lives waiting for a salary increment like a skeleton on a park bench, waiting for something that may never actually arrive.

The truth is, relying solely on your monthly paycheck is a high-risk strategy.

To actually increase your income by 20% to 30% in the next 12 months, you need to stop thinking about a single stream of revenue and start building an empire.

The Holy Trinity: 3 Types of Income

To build actual wealth in Malaysia, you must understand the basics of how money flows:

• Active Income: This is your current 9am-5pm grind where you trade time for a salary to pay the bills.
• Hustle Income: This is how you spend your 6pm-11pm, it is the side business or extra work that builds your empire.
• Passive Income: This is the ultimate goal, making money through investments while you are sleeping.

Stop Waiting For Your Boss: Increasing Active Income

While we often mock the daily grind, your active income is the fuel for your future. You can increase it by being more strategically proactive VS than your peers:

• The 3-Year Rule: Do not get comfortable, you should move upwards within your company or outside to a new one every two to max three years.
• Manage Your Boss: Many bosses needs the push, and you can secure a promotion every two to three years simply by doing this well. Ask the following magic question 12 months before the actual raise/promotion “What can I deliver to the company in the next 6-12 months in order to secure 30% salary increment or promotion to XXXXX position?
• Skill Up: Be at least bilingual and focus on communicating well.
• Always Do 10% More: Perform slightly more than what is expected to stand out from the crowd.
• Escape Sunset Industries: If your industry is dying, move away and learn what will be important in the next one to two years.You can be a superstar but a dying industry means there wont be much money in it that superstar can earn what they deserve. 

Take examples of our clients who have successful gotten salary increment and promotion by doing the simple steps above. Khairi Ayub, for example, who saw his active income increase by 20%. Or Amirah Syazwani, who jumped from RM4,600 to RM6,800 through a career jump.

The Side Hustle: RM5,000 per month From Your house?

If you want to know how people are making RM5,000 per month in hustle income, the answer in the Malaysian property market is often right in front of them.

You do not even have to leave your condo to start earning. Possibilities include:

• Real Estate Negotiator (REN): A flexible way to enter the property sector.
• Property Management and Maintenance: Keeping assets in top shape.
• Property Renovation: Adding value to existing units.

We have seen a 23-year-old student, William, make RM200,000 from hustle income alone. 

Shomesh Raj also grew his hustle income from zero in January 2021 to RM30,000 by July 2021.

Passive Income: The Empire Builder

The ultimate goal is for your passive income to build your empire while your 9-5 merely pays the bills. Wealthy people use properties to generate wealth through three pillars:

1. Capital Gains: Enjoying the profit when your property value goes up by buying low and selling high.
2. Monthly Cashflow: Collecting rental that is higher than your monthly ownership costs.
3. Reducing Loan Value: Letting your tenants pay off your loan principal every month, which increases your net worth automatically.

Imagine owning 3-5 property with a positive cashflow of RM5,000 per month. With few smart property purchase, your passive income could replace your main income without you having to work 9-5 everyday..

Stop Listening To Broke People

Most people who fail in life, did these 2 things :

• Ask the wrong questions
• Ask the right questions but to the wrong people

Stop asking people who are broke and not successful how to do better financially. If you want to make RM10,000 pe month, the dumbest thing anyone can do is to ask this question to someone who is making RM2,000 per month.

If someone tells you it is impossible to make additional RM5,000 per month with no capital, they simply haven’t learned enough yet.Stop listening to them on any subject related to money. It is time to learn from those who have already succeeded with proven processes to accelerate your own success.

If you are ready to stop waiting for a raise and start building real wealth, reach out to us at FAR Capital.

Let us help you navigate the Malaysian real estate landscape and build an investment portfolio that secures your financial freedom.