What a memorable month. More about that under ‘Yay of the month’ section below.
For the past few months, I’ve battled my ‘solopreneur’ identity quite a bit. I feel like I should take advantage of this momentum I’m having and expand, get a team under the Ringgit Oh Ringgit brand. I thought of hiring a team of writers and video editors, create more content.
But slowly, through personal reflection, I figured out that (a) I’m really happy being a one-person team, (2) I have no desire to be the boss of anybody, and (c) having a team would require an office, and I worked so hard so I didn’t have to *go* to an office every day.
Maybe I’ll change my mind in the future. Maybe that’ll still happen, out of necessity or change of heart. But for now, I’m loving the way I work. I can still outsource if the workload gets too much. I can still collaborate with other people to create content that I can’t personally create.
Any of you consider yourself solopreneurs? Do you plan on staying that way or planning to expand? Let me know in the comments section.
An okay month, budget-wise. Things slow down due to fasting season, less events and meetups than usual. That gave me more time to spend on online courses.
The one I’m enlisted in now, Dream Job course by Ramit Sethi, has a component forcing me to identify and list down my mental barriers, or negative beliefs that stop me from achieving whatever it is that I want to achieve.
After taking some time to think about it, I came up with 6 mental barriers that I personally have:
Fear in managing a team. This has kept me as a solopreneur all this while, a one-person team. I realise that while I can grow fast, I can’t grow far without hiring people.
Hard to get out of scarcity mindset. It’s not as bad as before, but my default is still to save money rather than earn money.
Need to improve my presentation & speech skills. It can be better. It can always be better.
Stingy with higher-cost self-development tools and courses. Self-explanatory.
Don’t like working with VIPs or bigshots. So I prefer not having them as clients, despite the big paychecks. I’m okay with this barrier actually.
Uncomfortable with outbound sales. I guess the solution for this is to be really, really good with inbound sales.
‘Fixing’ myself will be a process, hopefully a fun and fulfilling one. I just want to be the best version of myself, you know? After talking to some friends, a few suggested going to Toastmasters meetups to improve on #3.
If anyone has more suggestions on how I can improve my presentation skills, I’m all ears 🙂 Been getting more speaking and presenting gigs nowadays. I just want to do a good job and be worth people’s time.
In April 2019, I spent just under RM6k, inclusive of Zakat payment. That’s alright, I guess.
Okay let’s talk about something else. I like brainstorming for different ways to make money – regular readers know that. Recently, I thought of two more ways in addition to what I’m already doing now.
Coaching services – Not for financial planning, but for financial organisation. I’m good at tracking my expenses, putting them neatly in categories, and reviewing them regularly to look for patterns. It’s a service I can sell on an individual or group basis.
Personal finance retreat – Think of it like yoga retreat but for financial mindset. I figure this is a good way to get a fully-paid retreat for myself while helping others at the same time.
Which one would you join?
Again, both are in the consideration stage, nothing’s concrete yet, they just sound fun and financially worthwhile to do. I’d probably give early access and get beta testers from email subscribers, so join the mailing list if you’re interested.
Wake up. Brush teeth. Make coffee, have breakfast. Check my daily to-do list. Anxiety. Take out phone, scroll online for hours for distraction. Tell myself to get back to work. Anxiety. Find food to eat. Repeat until midnight. Repeat for days on end.
January 2019 should have represented a new start and a new beginning, but it didn’t, at least not for me. For much of the month, I was stuck in a destructive procrastination mode. I’d spend hours mindlessly scrolling the web and eating comfort food, knowing that those behaviours are my unhealthy coping mechanisms.
Guys. I want to do so many things. I want to achieve so many things. But they’re overwhelming and I fear failure and instead of rising up to the challenge, I… get anxious instead. When I feel that way I just want to distract myself (phone) or feel comforted (food).
Does this happen to you? What do you do to break yourself out of that spell?
Happy new year! Welcome, 2019! Thank goodness I didn’t go out on New Year’s Eve, or I would’ve spent more than RM6000 in December 2018 for sure!
December 2018 was… alright. A mix of extreme happiness and extreme apathy; a strange, emotionally confusing month. I pushed the limits of my mental strength, and found it. In the same month, I tried to: go to the gym regularly, maintain a strict diet and quit smoking, all on top of my regular schedule and work. It exhausted me. I felt like I was not really ‘there’ most of the time.
I’m glad I found my limit though. Now I know what I can and cannot do, and be more careful when implementing multiple challenges at once (even though they’re all technically good for me). As of time of writing, I’ve decided to stop the strict diet (keto btw) because it’s beginning to be quite damaging to my mental health. At one point, my cravings got so bad I spent an afternoon making a list of food items I that I ‘cannot’ have but really want. It came up to 37 items.
Any of you tested your capability to follow through a strict self-development routine? How’d it work for you?
In November 2018, I attended a digital marketing bootcamp where I learned about the many types of martech tools. For example, chatbots which reply to people who type ‘pm’ in Facebook posts. Platforms connecting companies with influencers. Automated video creation tools. And more – I’m barely scratching the surface here.
Martech is fascinating to me for a few reasons:
It’s quite fun to go to a company’s website/platform and see what kind of martech tools they are implementing. Last time, they used to prioritise collecting emails. Now, I’ve received promotional updates via Facebook Messenger too! (I hate this btw, so invasive, any company that does this will not get my money)
Which martech tools can *I* use for my own websites? I’m constantly trying out new ones, hoping to find the perfect free+good combinations. Many martech services use subscription-based models, and they can get pretty pricey.
Learn about martech. If you’re a business, it’ll help you make/save money. If you’re a consumer, you’ll be more aware and therefore less susceptible to strategies companies use to part you with your money.
I spent RM21,407 in October 2018. It sounds like a lot (it is), but almost three-quarters of that was a gift to my parents. I’m sponsoring their umrah trip.
When I was growing up, I heard how my parents – then newlyweds and financially struggling – saved a portion of their salaries every month. They told me the bottom of their car had a hole in it, and they didn’t even buy a bed until much later and simply slept on a thin mattress on the floor. They saved aggressively so my dad could afford to send his mom, my late grandmother, to hajj.
My parents have already completed the hajj, but they constantly talk about going back to Mecca so sponsoring their trip has always been in my bucket list. In October 2018, I transferred over RM15,580 so both of them could go for their umrah next year, in January 2019, under Tabung Haji. My mom was so touched, she cried. I feel happy knowing that my money can give them this kind of happiness.
What do you save up for your parents? Is there something you know for sure they’ll appreciate?