The thought of migrating overseas may have been plaguing the minds of Malaysians lately. While everyone has different reasoning and basis for the notion, here are 10 reasons why Malaysia is better:
1) Low tax rates
Western countries imposes the world’s highest tax rates with Belgium taxpayers taxed a marginal rate of 54.9%. This means that for every $100,000 you earn, your take home pay is $45,100. The higher income bracket you fall in, the more you will be taxed by the government. Immediately the maximum Malaysian income tax rate of 25% does not seem too bad after all.
2) Low cost of living
Kuala Lumpur is ranked 115th under the 2014 Mercer Cost of Living Worldwide ranking. Popular choices of migration among Malaysians such as Singapore is ranked 4th while Melbourne and Sydney are ranked 26th and 33rd respectively. A plate of Roti Canai in Sydney would cost you $6/RM18 (only made from flour and ghee in case you haven’t noticed)! That is several times the price you pay for in hawker stalls in Malaysia.
We are living in the entrepreneurial age and seem to know someone who has started or founded a business. Most Western countries have stricter requirements and regulations, making it less straightforward for initiating a start-up while it is relatively simple for starting a business in Malaysia. This paves the way for enterprising young leaders to unleash their innovation and creativity which can produce a cascading effect in the economy.
4) Variety of good food
Let’s face it, it is indisputable that Malaysia has the best food in the world and most Malaysians will take on anyone who says otherwise! Char Kuey Teow, Nasi Lemak, Banana Leaf Rice… You name it, it is available within a drive away. Living in a Western country means your best chance of Malaysian food is either at an Asian suburb or Chinatown, and you are exceptionally lucky if it is not exorbitantly priced and/or mediocre tasting.
In Australia shopping centers close by 6pm on most days and your 3am mamak run will be a thing of the past. There is no Astro available, and the cost of a movie theater ticket will be at least twice the price you pay for in Malaysia (reiterate point 2 about high costs of living). Moreover, Malaysia has one of the most public holidays in the world which provides the perfect mid-week break and the idea of getaways during long weekends. Who does not like holidays? Excuse the rhetorical question.
Are you aware of the economic status and the unemployment rate in the intended country of migration? These are pivotal factors to consider if you are seeking a job and have plans to continue to building up your career. The unemployment rate in the US is at 5.5% as of May 2015 while it is 3.1% in Malaysia. Additionally, do consider the fact that Asia has been recognised in the spotlight for economic growth globally for the past few years.
7) Sense of belonging
A sense of belonging is a psychological human need and feeling like a part of the social circle contributes to general well being and life satisfaction. Albeit many Malaysians are well versed with Manglish, plenty struggle to even hold a conversation with foreigners in proper English (without the lah-s and meh-s) due to the unfamiliar accent. Are you confident in assimilating well into a society with different cultures and practices?
Malaysians have always been the subject of envy among citizens of other nationalities due to their capability of conversing in several languages. They owe it all to growing up in multi-cultural Malaysia which provided a salient platform to master the skill of reading and writing in various languages which equips them with an edge for career opportunities. Although languages can be taught in a foreign country, having the opportunity to practice it on a daily basis is what sets apart the level of proficiency.
Despite Malaysia’s property market boom over the past 5 years, it is still relatively affordable compared to many other countries with the luxury of ample space and comfort. Imagine living in countries such as Hong Kong and Singapore where working hard and having a high income does not automatically translate into a spacious home but to fund your housing loan which may extend across multiple generations.
10) Time with family
Time is free, but it is priceless. There is a Chinese saying that goes “An inch of time cannot be bought with an inch of gold”. Migrating overseas is usually accompanied with the sorrow of parting with loved ones. During my time away from my parents, to recognise a wrinkle or grey hair that did not exist the year before and seeing them age by the year was utmost heart-wrenching. Life is short, spend it with the people who matters while you can.
Clearly there are numerous advantages of living overseas but the decision is entirely yours to make. Ultimately, it boils down to the personal goals and objectives you seek in life. Humans have the inclination of thinking that the grass is greener on the other side and that they would be happier in a different set of circumstances. However, by setting our eyes on the things we have been blessed with instead of focusing on all that we lack, we may be able to enjoy a happier and satisfied life.