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[SPONSORED] I Asked Hard Questions to the CEO of PIDM 

As I sat down with Rafiz Azuan Abdullah, the CEO of PIDM or Perbadanan Insurans Deposit Malaysia and asked my questions, it occurred to me that this man is truly at peace with doing a thankless job. 

If you’re unfamiliar with what PIDM does, they are basically a government authority that provides protection for your deposits, as well as takaful and insurance benefits in the unlikely event a PIDM member institution fails.  

For example, let’s say Bank X somehow goes bankrupt and you have RM10k saved there. As Bank X is a PIDM member bank, PIDM will make sure you get your RM10k back immediately.

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[SPONSORED] Verify Touch ‘n Go eWallet & 3 More 5-Minute Security Hacks

Let’s be frank here – ewallet and digital security is not the sexiest of topic to talk about. Therefore, let’s appreciate Touch ‘n Go eWallet not caring to be ‘sexy’ and choosing to feature it anyway in their educational video series, Cashless Confidentials.

In this article, we have brainstormed and came up with 4 actions you can do in 5 minutes that will significantly reduce your risk of losing money from scammers and hackers. It’s fast – you can do everything during lunch break. If you’re busy now, bookmark this article so you can pull it out later.

Note: If you consider yourself a Millennial or Gen Z, what you’re about to read below might sound like common-sense digital security practices.

However, keep in mind that they can be completely alien to your parents and grandparents, who are more susceptible to digital-based scams. I need you to read this so YOU can help them navigate this topic okay.

#1 – Activate Touch ‘n Go eWallet Money-back Guarantee Policy

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[SPONSORED] Revealed: How Takaful Products Get Created (from the Team that Made i-Great Aman) 

It’s not every day that you get to ask about the takaful plan creation process directly from the people who actually create them for a living.

That’s right, these two ladies from Great Eastern Takaful Berhad makes takaful products. From scratch. They don’t distribute them (that’s the agents’ job). They make them. 

Say hi to Ms. Nurul Sheila Khalib and Ms. Azlina Ideris from the Product Development team at Great Eastern Takaful Berhad (two ladies sitting on the left). 

i-great aman
As someone who is fascinated by behind-the-scenes of the financial industry in Malaysia, I really want to thank them for sharing with me and RoR readers how the takaful creation process looks like.

Here are the 4 stages.

Stage 1: Ideation 

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[SPONSORED] HelloGold’s Co-Founder Interviewed Me

I’m used to interviewing founders and CEOs, but it’s quite rare that I get interviewed by them!

That’s what we did in this Ringgit Oh Ringgit x HelloGold collaboration. In this video, HelloGold’s Co-Founder Ridwan Abdullah asked me a bunch of questions, ranging from the website, my investments and my thoughts on gold. It was fun answering them and I may have laughed too much.

We talked about:

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[SPONSORED] Malaysians Share Scams in Malaysia They Fell For (or Almost)

Your parents are right. 

No matter how much we may want to deny it, there *are* bad people in this world. People who don’t think twice about taking your money from you through illegal and unethical means. They do it easily, without guilt or remorse. 

This article is a compilation of anecdotes by real people, who were scammed or almost got scammed. Thank you to all who contributed. 

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[SPONSORED] The Beginners Guide to Warrants in Malaysia

On 27 April 2019, I attended my first warrants-specific talk.

The event was called Demystifying Structured Warrants, which is apt tbh. I’m a complete beginner in this financial instrument. I know almost nothing about it. 

This was my second engagement with the Kenanga Investment Bank, after writing about the Market Outlook Symposium 2019: Smart Investing or Dare Betting? investment event back in January 2019.

I’m happy to report I liked two out of two Kenanga-organised events so far. Good content. No fluff, just lots of good info. Then they gave free food some more.

Like the first article, this is a sponsored post, but all opinions are mine. It’s great that I can share what I learned about warrants from the event, as someone completely new to the world.

#1 – What is warrants?

This is the textbook definition:

warrants in malaysia

Does that make sense to you? I kinda sorta understand… ish. It’s a very theoretical financial instrument. I feel like I’m learning quantum physics.

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[SPONSORED] I Asked Hard Questions to the CEO of Funding Societies Malaysia

What does Mr-Stingy, Dividend Magic, KC Lau, Blackbelt Millionaire and myself have in common? Aside from the fact that we all maintain websites with personal finance content, that is.

All of us do P2P financing as one of our investments. We lend money to companies.

In particular, and most strikingly, all of us chose Funding Societies Malaysia as the P2P financing platform of choice (note: referral code. You get RM50, I get RM50).

My experience with Funding Societies Malaysia so far

(scroll down if you just want to read the interview with Kah Meng)

When Funding Societies Malaysia contacted me for a collaboration opportunity, I was excited. I was already an existing user, with RM10,000 in my account.

funding societies malaysia
My dashboard
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[SPONSORED] 4 Things I Learned from Kenanga’s Investment Event

On 12 January 2019, I attended an investment event organised by multi-award winning Kenanga Group. The name intrigued me right from the start – you don’t come across something like Market Outlook Symposium 2019: Smart Investing or Dare Betting? every day. Held from 9am-2.30pm, the event packed in five speakers (and a lunch break). You can check the agenda of the day and speakers’ profiles here.

I had fun live-tweeting the whole event. Click on the Twitter thread below to read 50+ tweets giving play-by-play account of each speaker’s presentation. Among others, you’ll find stock picks by Kenanga Investment Bank’s Head of Research, a warrants trading tool (that may help you get double-digit ROIs), what to do with your money during bear markets and more.

Here are some things I learned from the event. Some commentaries are not specific to the event itself, but an overview of the general investment events scene in Malaysia. This article is sponsored by Kenanga, but all opinions are mine.

#1 – The Kenanga-organised event… exceeded expectations

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[SPONSORED] What Rich Malaysians Do With Their Money (That You Don’t)

According to the Department of Statistics Malaysia, the T20 in this country received 46.2% of overall income share in 2016, while the M40 and B40 received 37.4% and 16.4% respectively.

rich malaysians

Image credit to DOSM

Looking at the statistics, you can’t deny that rich Malaysians must know something that the rest of us don’t. I mean, the top 20% can’t have gotten almost half of all the income in Malaysia by accident.

I am greatly fascinated by the money mindset that the rich have. Not their lifestyle, mind you – looking rich is not the same as being rich – but their mindset: what they learned from their parents (if they were born rich) or from life experiences (if they worked hard to get there).

Here are some things that I’ve learned about rich Malaysians.

#1 – They buy time

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[SPONSORED CONTEST] Tell Me Your Best Money-Saving Tip and Win An Apple Watch!

EDIT: Contest update

  • The winning entry. Congrats, you won the Apple Watch Series 3!
  • For those who (1) didn’t win or (2) missed this dateline, don’t fret – re-submit your entries for a chance to win RM5000 pulak!
  • How: (1) Play the quiz, (2) post your money personality and money-saving tip on your Facebook profile page, and (3) tag the Treat Your Money Right Facebook page. Make sure to use the hashtags #treatyourmoneyright #VISA #AKPK and set it to public. Submit your entries BEFORE OR BY 19 November 2018!

I HOPE ONE OF YOU ROR READERS WILL WIN THE RM5000 CASH PRIZE!!!

In conjunction with World Savings Day, VISA and AKPK are doing a financial literacy initiative called Treat Your Money Right.

treat your money right

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