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Commentary

My say on current events.

oh shit, are we in a recession?

Recession. Hard topic to cover. I am so torn between ‘don’t create unnecessary panic’ and ‘don’t be in denial’.

Are we? Are we not? What’s the definition anyway. Oh, ‘a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.’

Okay I’m no economic expert or nuthin’, but I think there’s a good chance of that happening, caused by reduced country revenue due to falling oil prices and I dunno, A GLOBAL PANDEMIC halting most economic activities in public spaces.

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6 Ways to Draw More Tourists to Malaysia, According to Malaysians

According to the PM, “the government is targeting to achieve 30 million international tourists and RM100 billion revenue in the tourism sector through the (Visit Malaysia Year 2020) campaign.”

As you and I know, we as a country have A LOT of debt to pay off (yes this is a 1MDB reference). So I am fully in support of the campaign and initiatives under it. It’s not your or my fault that we’re in this debt…  but we’re in this debt.

It sounds like the RoR audience is in support of initiatives that improve the tourism sector, too, because when I asked about what we could do to attract more tourists to Malaysia, I got so many amazing replies! They were so good, I decided to compile some answers here for everyone else to read and contemplate on.

Here’s what you say will draw tourists to Malaysia:

#1 – Appeal to locals (and people who live here like locals)

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Where Do People Get the Money to Afford Their Amazing Lifestyles?

Is it just me, or do you also feel like other people have better lives than yours?

Based on their updates on social media, it seems like everyone is sporting new outfits, getting new blings, updating home decor, buying new toys, traveling to new places, enjoying nice food at fancy restaurants…

And your sad self wonders, why am I not doing as well as they are? What else do I need to do to bust my ass in order to afford those nice things in my life?

This article is all about guessing how and where other people get the money to afford their amazing-looking lifestyles. I’ve racked my brains thinking of all the possible ways. Here they are:

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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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4 Things You Should Know About The Financial Ecosystem We Live In

First off, I want to say that most players in the financial ecosystem are important*. Not even going to deny it. Like banks for example – they provide tons of job opportunities, safekeeping of funds, access to financial services and overall contribution to the country’s financial health.

*most are important except the Ponzi people and other scammers. I pray they will miss all the connection flights in their lifetime

But let’s go beyond the friendly, approachable image the financial industry like to portray to the world.  Here are 4 things you should know about the financial ecosystem we live in.

#1 – Banks use the money you deposit to make more money

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[Under-RM1k Phone Review] Xiaomi MiA2

Disclaimer: I received a test unit for the purpose of this review. The unit will be returned. All the opinion below is mine. EDIT: 1.5 months after this article was published, they offered me the phone. I accepted and currently using it. I love Xiaomi products – I own two of their phones (using the Redmi Note 4 now), the powerbank and the earphones. I’ve written and promoted them before this, here and here. In July, I got the opportunity to test out the Xiaomi MiA2 phone. I was particularly excited about it, because I’ve always wanted a phone with good camera, but those don’t come cheap does it? The Twitter crowd confirmed this.
https://twitter.com/BawangByte/status/958970120780460032
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The Comprehensive Personal Finance and Support Guide for LGBT in Malaysia

Let’s face it: Malaysia is NOT a good place for LGBT individuals to freely express themselves. But no one can choose where they’re born at, can they? Discrimination is sadly common, usually justified by religion.

If you disagree with ‘the LGBT lifestyle’, I ask for your empathy. This is not a ‘guide to be gay’ article, this is a ‘what to do when you need help’ article. Know the distinction. Don’t kick people when they’re down. No religion teaches that.

This article answers the following questions (in order):

  1. My family kicked me out after they find out I’m gay / lesbian / bisexual / trans / queer. What can I do?
  2. I need to check my STD / HIV / AIDS status and find out where to find information about medical help, treatment and support
  3. My colleagues at work are bullying me because of my sexual orientation / gender identity. I need the job. What can I do?
  4. I need to talk to someone. What are my options?
  5. My gender does not align with the sex I was born with. How can I transition and what kind of expenses can I expect?
  6. I can no longer/do not want to stay in Malaysia. What can I do?
  7. I am in a committed, if unrecognised relationship with my partner. If anything happens to me, how can make sure she/he can inherit my money and properties?
  8. I don’t have immediate problems but would like to prepare myself financially, in case anything happens. What can I do?
  9. I’m LGBT individual / ally with financial means. How can I help?
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How You Behave With Money, According to Your Personality

Because money and personality are two topics I love to mesh together.

Your Personality, Using the Big Five Personality Traits

Before we go on, we have to spend some time talking about personalities – what is its definition? In comes behavioural science.

The book Me, Myself, and Us: The Science of Personality and the Art of Well-Being by Professor Brian R. Little gave me some great info about the categorisation of personalities, so I’m going to use that. There are many ways to test personality types, including the popular Myers-Briggs model, but Prof Little said the one I’m about to share is the most peer-approved one.

Note: It’s important to remember that for most people, it’s never as clear-cut as A or B (ie, introvert or extrovert). It’s more like a spectrum. Not only we can have qualities of both, we can adjust it to the situation as well.

The Big Five Personality Traits which can be used to explain the spectrum of our personalities are:

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