In this episode, we’re back with financial experts Hann Liew and Sani Hamid. Our discussion centered upon the recent wage report released by the Department of Statistics, which highlights the alarming wealth gap between the rich and the poor. We also addressed the question of whether Malaysians are underpaid, and the possible solutions that can be implemented in order to resolve this crisis. Finally, we talked about investing in general – what details that newbies should look out for and how to plan their personal finance journey. Quick facts: The recent quarterly wage report released by the Department of Statistics showed that the median salary of formal employees increased from RM2,400 to RM2,600 y-o-y in March, representing an 8.3% y-o-y increase. When tabulated into a horizontal bar chart, we can see that 82% of employees earn less than RM5,000 per month, and a staggering 35% of the population has a salary of less than RM2,000 per month. The distribution of wealth decreases exponentially as the salary figure increases, but it abruptly skews towards the rich (ie. those earning more than RM15,000 per month). This shows just how wide the wealth gap is between the rich and the poor. ~~~~~~~~~~~~ Hann is a personal finance expert with over a decade of experience in the financial industry. Previously the CEO of RinggitPlus, he is qualified as a licensed financial planner (CFP) and a chartered financial analyst (CFA), and has helped tens of thousands of Malaysians on their path toward financial literacy. Hann is currently the founder of Halogen Capital, the world's first Shariah-compliant crypto fund that provides institutional exposure to Bitcoin. Our other speaker, Mr. Sani Hamid, is an economist and certified financial planner (CFA). He’s a frequent commentator in the media and has over 30 years of experience in the financial markets, having worked for companies such as S&P Ratings as a Director in the sovereign team overseeing the ratings of countries such as Indonesia, India, Malaysia, and Singapore. Hann’s socials: https://twitter.com/ooihann Sani’s socials: https://twitter.com/sanihamid ~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser investor today for as little as $1/month: https://www.patreon.com/TheFuturizts Find us at: https://linktr.ee/thefuturizts This episode is proudly sponsored by Halogen Capital, the world's first Shariah-compliant crypto fund that provides institutional exposure to Bitcoin. Based in Kuala Lumpur, Halogen Capital provides quick and secure access to Bitcoin while removing the burden of buying and safekeeping coins: https://halogen.my/ ~~~~~~~~~~~~ DISCLAIMER: The information contained in this podcast is for informational and educational purposes only. Nothing herein shall be construed as financial, legal, or tax advice. The opinions expressed in this podcast are solely those of the speakers.