Early Retirement In Penang, Malaysia 2023. How Much MONEY (Cash Flow) Do YOU Need Per Month?

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Today's video:
You asked and we delivered! In our previous 2 videos covering extensively on the Cost of Living in Penang, we broke down the costs for Basic Needs in Part 1 and Wants in Part 2. All related costs were then compiled into 2 budgets - The Budget Sensitive Penangite and The Average Consumer Penangite.

In today’s video, we are back again covering all relevant costs for an Early Retirement in Penang, and for who? You guessed it! It is for Foreigners who desire to retire early in Penang, Malaysia. We have broken down the costs in various categories, from Food, to Transport, to Accommodation, to Healthcare, covering ALL the Basic Retirement Needs. But most importantly, we have shared how a Foreigner is able to stay Long-Term in Penang! We provided various VISA application methods for a Foreigner to retire and stay long term in Penang.

Hi, my name is John, a Singaporean. Together with my wife Fran, a Penangite Malaysian, we retired in 2020 at the age of 40 in Singapore. We then moved to Penang in 2022. This is because we have families in both countries, and we are proud to call Penang and Singapore our choice homes of retirement.

In this video, you will also find out if it is possible to retire early in Penang!

The prices quoted are in Malaysia Ringgit and are kept as accurately as possible.

We hope you enjoy watching this video, and do let us know in the comment section if you like it!

With lots of love - Fran and John

Timestamps:

00:00 Early Retirement in Penang
03:55 Food - Eating Out and Cooking In
06:55 Transport
09:25 Accommodation
11:49 Healthcare
13:14 Shopping & Entertainment
14:24 Interstate Travel
15:27 VISA requirements
19:35 Budget Building

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Penang Edition 2023 Part 2 - The Real Cost of Living (Wants)
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Google Maps
Propertyguru Malaysia
Paulhypepage Malaysia
Immigration Department of Malaysia
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