How Your Car Is Making You Poor

In this episode, we talk about the real cost of buying and driving a car in Malaysia. From the hidden traps like petrol, tolls, and parking that completely eat up your monthly cash, to the scary reality of locking yourself into a 9-year bank loan. We are always told that getting a nicer ride is a sign that you've made it. But what if your car loan is the exact thing keeping you stressed out every single month? Let's look at the numbers. ✅Learn more about Jerry - Coworking Space: 👉 https://finlit.my/Jerry Chapter Markers: 00:00:00 - Teaser 00:00:28 - Introduction 00:00:47 - How much should you earn to buy a car? 00:01:42 - The 10 percent instalment rule 00:01:51 - Hidden car costs you forgot to count 00:04:12 - The real cost of living in KL 00:05:50 - Total monthly loan limits 00:06:06 - When can you upgrade your car? 00:07:19 - Why a 9-year loan is a trap 00:08:24 - What car can you buy for 1,000 a month? 00:11:20 - Peter's past multi-car mistakes 00:12:11 - Can fresh grads even afford used cars? 00:13:21 - Taking the train vs. driving on a date 00:15:06 - Are Malaysian salaries just too low? 00:17:23 - The one-year salary rule 00:18:31 - Buying a car just because you like it 00:18:53 - Do salespeople really need fancy cars? 00:24:35 - Is taking public transport embarrassing? 00:25:48 - Can you get a girlfriend without a car? 00:27:10 - The social pressure on Malaysian men 00:27:36 - Will you date a guy without wheels? #malaysianfinance #MrMoneyTV #CarLoanTrap #MyviMalaysia #FreshGradSalary #PersonalBudgeting #CarVsHouse #KLLivingCosts #DebtManagement Come say Hi to us at, 🌐 Website: [https://www.mrmoneytv.com/](https://www.mrmoneytv.com/)​ 📘 Facebook: / mrmoneytv​ 🐦Twitter: / [https://x.com/mrmoneytvchnl?s=21](https://x.com/mrmoneytvchnl?s=21) 📱 Instagram: / mrmoneytv ​ 🖊️ LinkedIn: / mr-money-tv 🤳 TikTok: @mrmoneytvchannel 🎙️Podcast: [https://open.spotify.com/show/1EhftKY](https://open.spotify.com/show/1EhftKY)... For business & job enquiries, do contact us at, ✉️ [email protected] Disclaimer: This is not investment advice. All content produced is solely for education and entertainment purposes only. Please consult your financial adviser before making any investment decision.