33 Thoughts on Paying Zakat in Malaysia

 paying zakat in malaysia

Disclaimer: Not a zakat expert. If any info is wrong, please help me learn by commenting

As a brainwashed Muslim (I say this with a bit of both resignation and pride – it’s a very odd feeling), I’m generally OK with paying zakat in Malaysia. I accept it as a responsibility, plus I believe it’s a way for me to ‘cleanse’ my earnings. I was told early on that as much as I try to generate halal income, some of my money will not be halal due to imperfections of the system.

Here are my thoughts on paying zakat in Malaysia. I littered this with plenty of my own questions as well, but I hope it’s useful for you guys.

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10 Ways to Retire, From Awesome to Depressing

retire early

I’m just 28, but the idea of retirement have fascinated me for a while. I still don’t know how I feel about it. Sometimes I think that retirement is an entitlement for productive members of society, while other times I think it’s incredibly wasteful, even discriminative, to suddenly force someone out of a trade, profession or career due to her or his age.

Growing up, I simply assumed there is just one type of retirement. You serve your company for decades, then receive pension/retirement savings to retire at 55-60+ years old to make room for younger folks. I think many of us have this impression as well. This is the traditional formula in life, isn’t it? Birth, Play, School, Work, Family, Work, Kids, Work, Retire, Die.

This formula doesn’t particularly appeal to me, but I admit that I’ve never been drawn to the Kids part. My ideal family structure for now is DINK = Dual Income, No Kids. Also, I’d like to retire early and retire young.

Thankfully, I’ve met some people during my travels and read first-hand accounts of actual retirees (thanks, Internet). Some of them have kids, some of them don’t, but they do have one thing in common – they like the idea of being self-sufficient and not being a ‘burden’.

Here’s 10 ways to retire. Some of them may overlap.

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23 Malaysian Statistics About Money That Will Make You Think

Statistics About Money

Let’s do something a bit different than usual. Statistics about money can offer a lot of insight about our financial situation. Here, I listed many facts and figures from reputable Malaysian media, educational institution and government agencies. Sources are in ‘x’. Let’s get talking – click to tweet to start online conversations about it. I will RT good commentaries.

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My Total Income and Expenses in 2016

I truly believe that personal finance is beyond just simple, boring money. They show insight of who you are, as a person. They show what you decided were important enough to spend money on, and serves almost like a diary.

Well, this is my 2016 diary. It’s a bit nerve-wracking to show them, so be nice ya 🙂

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[UPDATED] 12 Types of Investment Available in Malaysia and The People Who Have Them

types of investment available in malaysia

If you were to check out personal finance and investment commentaries – from blogs, forums, commentaries – you’ll see that different people have their preferred investment vehicles (types). It’s very interesting, because after a while you start seeing a pattern: people who prefer investment X tend to be Y. It’s fascinating.

Look at this from a behavioural point of view. Many personal finance and investment experts like to say ‘select an investment that works for you’, but what does that mean exactly? How do you choose from many different types of investment available in Malaysia?

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4D3N Langkawi Weekend Trip (On a Budget)

 

langkawi weekend

I feel like travelling overseas, but am not keen on the horrible exchange rates right now. One day, while happily browsing Google Flights and dreaming of Europe (use it! You get to save money on flights), I found cheap tickets to Langkawi. RM102 for return tickets, including fees. Even though I didn’t exactly have a burning desire to go to Langkawi, I couldn’t resist the price and booked it on the spot.

And that’s how I went on a 4 days 3 nights Langkawi weekend trip. This guide is suitable for those of you going solo/duo travelling and wants to be somewhat comfortable but on a budget. Because of the weather (it rained 80% of the time I was there), this guide is also less more general and flexible in nature.

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