<p>Are you in credit card debt and don&#39;t know where to start? You are not alone. The average Malaysian owes almost 12,000 ringgit in credit card debt. And the scary truth is, most of us don&#39;t even realise how deep we are in it until it&#39;s too late. In this episode, Peter sits down with Rajen, one of Malaysia&#39;s most experienced licensed financial planners, to have the honest conversation about credit card debt that most people are too embarrassed to start. Rajen has trained debt counsellors at AKPK, written about personal finance for over 11 years in the New Straits Times, and has worked with Malaysians across every income level. And what he has found is this, earning more does not automatically get you out of debt.</p><p><br></p><p>💰 Build A Real Savings Habit</p><p>The easiest way to save money is to put it away and forget about it. Start growing your savings safely with BSN SSP today.</p><p>i. Start with just RM10, save minimum RM3,000 for a chance to win RM1 million every month!</p><p>ii. Earn up to 2.5% profit every year to grow your money</p><p>iii. Stand a chance to win luxury cars, gold vouchers and up to RM1 Million BSN SSP every single month</p><p><br></p><p>👉 Click here to start saving your money: https://finlit.my/bsn</p><p><br></p><p>Chapter Marker: </p><p>00:00 - Teaser </p><p>00:38 - The Hidden Truth Behind Malaysia&#39;s Debt Problem </p><p>01:12 - Low Salaries and the Global Market </p><p>02:33 - Bad Spending Habits vs. Low Income </p><p>03:42 - Using Money Ratios to Save First </p><p>05:51 - Rising Costs and Inflation Since the 1980s </p><p>07:09 - First Steps to Clear RM20,000 in Debt </p><p>09:02 - Handling Debt Across Multiple Credit Cards </p><p>17:12 - Why Small Wins and Emergency Savings Matter </p><p>18:50 - Saving and Forgetting Your Money with BSN SSP </p><p>21:24 - Common Expenses You Should Cut First </p><p>23:28 - The Simple Meaning of &quot;Utility&quot; </p><p>26:50 - Using Personal Loans for Credit Card Debt </p><p>30:54 - The Growing Problem with Money Discipline </p><p>32:00 - How to Stay Out of Debt for Good </p><p>35:33 - Why Credit Cards Offer Better Protection </p><p>36:28 - The Right Number of Credit Cards to Own </p><p>39:28 - Why &quot;Buy Now, Pay Later&quot; Can Be Dangerous</p><p><br></p><p>#CreditCardDebt #DebtFreeMalaysia #PersonalFinanceMalaysia #HutangKadKredit #SnowballMethod #MrMoneyTV #KewanganMalaysia #DebtFree #CreditCard #FinancialPlanningMalaysia #BuyNowPayLater #BNPLMalaysia #HowToGetOutOfDebt #MinimumPayment #DebtPayoff</p><p><br></p><p>Come say Hi to us at, </p><p>🌐 Website: https://www.mrmoneytv.com/​ </p><p>📘 Facebook: / mrmoneytv​ </p><p>🐦Twitter: / https://x.com/mrmoneytvchnl?s=21</p><p>📱 Instagram: / mrmoneytv ​ </p><p>🖊️ LinkedIn: / mr-money-tv </p><p>🤳 TikTok: @mrmoneytvchannel </p><p>🎙️Podcast:https://open.spotify.com/show/1EhftKY...</p><p><br></p><p>For business &amp; job enquiries, do contact us at,</p><p>✉️ [email protected]</p><p><br></p><p>Disclaimer:</p><p>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.</p>