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Home Personal Finance Cash Management

Syed Saddiq: 3 Powerful Tips For The Youths In Malaysia

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Smart Investor recently have the honor to interview Yang Berhormat Syed Saddiq bin Syed Abdul Rahman, the Member of Parliament for Muar. There were lots of very insightful and powerful thoughts that are outside of the box which can be used to power Malaysia into the future.

You can read more about it here: Syed Saddiq: On Education Reform, The Gig Economy And His Vision For A Future Malaysia

Among other things, he also shares with us 3 tips for the youths in Malaysia.

3 Powerful Tips for the Youths in Malaysia

1. Don’t Be Afraid To Make Mistakes

“Young people today are expected to work two or three different jobs to earn a decent living as the average wage has stagnated for the past ten to 20 years, while inflation has only gone up.”

– Syed Saddiq

We will be making a huge mistake if we stand still, whereas others are making progress by leaps and bounds.

“The fear to even begin doing something because you are afraid to make mistakes, makes you suffer from paralysis analysis,” stresses Saddiq.

We can afford to make mistakes when we are young, as there is ample time to learn from them.

2. Invest In A Good Mentor

Mentor is an experienced person who has gone through lots of trials and tribulations. By having a mentor, we can take a shortcut and learn the tips and tricks, while avoiding the mistakes.

A mentor will be able to hand-hold you through the journey, mingle and learn from their networks, and learn directly from their experience which is invaluable. By investing in a good mentor, you can accelerate your progress by 10 to 20 years, as compared to earning a high salary.

3. Think Outside The Box

Being young doesn’t mean you have to follow the steps of previous generations that makes them successful. You will have to compete with others who have more experience and stronger capital, which inevitably causes you to be more creative to take on the giants in the industry.

This is where you need to be disruptive and use ways that were unimaginable previously. Even though the journey is hard, this is an important recipe of success.

“It is about using unconventional methods to achieve conventional outcomes,” quips Saddiq.

There you have it, 3 tips for the youths in Malaysia. It is our hope that Malaysia will improve by leaps and bounds, powered by the younger generation.

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