After signing the documents on Monday (7 Oct), PM Anwar expressed optimism for next year’s budget, noting that it will strengthen the local economy and equalize income distribution. While the details have yet to be announced, Budget 2025 will set the tone for Malaysia and the rakyat for the rest of the year. In 2024, our country has made significant progress by promoting foreign investment, posting strong GDP and trade numbers, and receiving an upgrade in rating from JP Morgan. Still, there are three areas which we need to urgently address in order to transition Malaysia into a first world country. Watch the full session on YouTube: https://youtu.be/JYjT23XmVcc -------------- (00:47) Malaysia has come a long way since the start of the year. (02:13) Budget 2025 – addressing the wealth gap (06:13) Our wages are extremely low (10:23) How to increase retirement savings? (15:10) Petrol subsidies are a problem (16:13) How inflation eats into your money (17:48) How much do you need to retire in 20-30 years? (18:18) Maximizing your tax reliefs (21:15) EPF or PRS? (24:29) Places to grow your savings -------------- Your time is valuable and you hate sifting through the web for information. We get it, so let us do the work for you. By joining our WhatsApp group, you’ll receive financial updates - best FD rates, currency movements, and more on a daily basis. ✅ 194 people have joined, and only 2 unsubscribed (so far). ✅ We don’t spam. ✅ It’s $0.25/week. ✅ Pay monthly, cancel anytime. Try the First Week for Free: https://www.patreon.com/TheFuturizts -------------- 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.