By average, every Malaysian in Feb 2017 is having RM22,00 of debt.
Malaysia recorded a government debt equivalent to 53.20 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Malaysia averaged 48.43 percent from 1990 until 2016, reaching an all time high of 80.74 percent in 1990 and a record low of 31.80 percent in 1997.
It is not good to have so much debt.
People with debt will always be the slave to the lender.
Decide today to pay off your debt as early as possible.
What are the common reasons people got into debt?
1. Buying too expensive car
2. Buying house that they can't afford
3. Not paying off the credit card debt
4. Taking personal loan due to careless spending / gambling
4. Taking up business loan without proper planning
Plan your finance and expenses to pay off your debt as soon as possible.
Resources:
http://www.nationaldebtclocks.org/debtclock/malaysia
https://debtclock.tv/world/malaysia/
http://www.tradingeconomics.com/malaysia/external-debt
Plan your finance and expenses to pay off your debt as soon as possible.
Resources:
http://www.nationaldebtclocks.org/debtclock/malaysia
https://debtclock.tv/world/malaysia/
http://www.tradingeconomics.com/malaysia/external-debt
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