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Link Roundup

Link Roundup #60: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. 10 Risky Investments to Avoid… Unless You Can Afford to Lose Everything The Penny Hoarder

This is a great list of risky investments. Part of the investing process is not just learning what to do, but also what not to do before you have enough knowledge and financial safety net.

Initially I didn’t agree with Gold/Silver (no #9), although yes they do have a point. Keeping them as coin collection or jewellery CAN be dangerous – you’re one robbery away from losing it all.

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Link Roundup #59: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. Why Are Rich People So Mean? Wired

Great read, something to be aware of as you get financially better. Money buys us distance – house in gated communities, car instead of bus, a set at the VIP section – and that reduces our interaction with the community, which includes the less privileged.

The more you do it, the easier it is to ignore. You no longer ‘see’ the problem.

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Link Roundup #58: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. Universal basic income seems to improve employment and well-being – New Scientist

Results of the world’s most comprehensive universal basic income test came out, and to no one’s surprise, it resulted in ‘better financial well-being, mental health and cognitive functioning, as well as higher levels of confidence in the future.’

The most important line to me is this one:

The findings suggest that basic income doesn’t seem to provide a disincentive for people to work.

Side note: I wrote a dystopian short story exploring how Malaysia would look like with UBI implementation. It’s not particularly a happy story, but you can read it in Money Stories from Malaysians: Volume 1 book. Purchase here.

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Link Roundup #57: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. Investing XKCD

Apparently, the rule of the internet states that XKCD has a comic strip for ANY topic. Here’s the strip for Investing. I dedicate it to everyone who’s trying to invest their money without trying to increase income, either through salary or side hustle.

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Link Roundup #56: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. Every self-help book ever, boiled down to 11 simple rules – Mashable

Once in a while, you’ll come across an EXCEPTIONAL article, and this is one of those. I loved it so much, I wrote down the 11 rules in my journal, so I can quickly refer to them:

  • Take one small step
  • Change your mental maps
  • Struggle is good. Scary is good.
  • Instant judgement is bad
  • Remember the end of your life
  • Be playful
  • Be useful to others
  • Perfectionism = procrastination
  • Sleep, exercise, chill out, eat. Repeat
  • Write it all down
  • You can’t get it all from reading

Here’s another hack, if you’ll take one from me: find a mentor who exhibits the behaviours you’d like to emulate. Can be formal, can be informal (ie a public figure). It is helpful to find people who can show you the way it can be done.

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Link Roundup #55: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. 5 Ways To Go From A Scarcity To Abundance Mindset Forbes

In my [Personal] 5 Things I Learned in my 20s: Advice I’d Give to My Younger Self article, I wrote #2 – You’re going to lose some friends and that’s okay.

(and when I say lose friends, I don’t mean doing dramatic ‘we’re through!’ declarations. I just mean we stopped hanging out)

One thing they have in common – (almost) all of them have the scarcity mindset. Being around them feels negative, drowning, heavy. There’s a big difference between people who say ‘that’s not possible’ and people who say ‘here’s how that can be possible’.

Note: This also includes online friends and acquaintances btw.

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Link Roundup #54: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. How to Grow Your Money Made Really Easy for Enterprising Artists  Eksentrika

I love the intersection between personal finance and the arts in this article!

It covered a few sections:

  • The 4 (financial) types of artists (fun read!)
  • 5 personal finance terms
  • 8 steps to become financially stable, and
  • Types of investments

Recommended read, for both creatives and non-creatives 🙂

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Link Roundup #53: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. How to Cope with Being Broke, Angry and Ashamed  The Cut

Been broke, angry and ashamed before? Have a read. You’ll relate with many of the points. The article is an interview with Amanda Clayman, a financial therapist who partnered with the wildly popular Death, Sex and Money Podcast, to create a series of Financial Therapy series.

But beyond that, let’s talk about anxiety caused by financial situation. In case you didn’t know, that type of anxiety is really, really common. We feel bad when we are not making enough. We feel bad when we make too much.

(How? – you might ask. Think of people who feel bad over their work taking time away from family time).

Have a look at other types of money anxiety at the Death, Sex and Money podcast page. Chances are you’ll find someone you can relate with.

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Link Roundup #52: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. How to Track Your Income and Expenses [With FREE Template]  I’m Funemployed

“Once you’ve developed the habit of expense tracking, the rest will fall in place later.”

So true. You won’t know if you’re doing good or bad if there’s no measurement.

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Link Roundup #51: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. My First Investment Portfolio for 2020 (Dividend 2030 portfolio)  Sivasathish.com

Everyone says welcome to a new personal finance blogger, Sivasathish! He’s a senior lecturer, a member of the Association of Chartered Certified Accountants (ACCA) and a self-confessed conservative, low-risk, long-term stock investor.

This is is current investment portfolio, which he plans to track and share until 2030. Amazing detail and super clear writing style. Whoever interested in the stocks market can follow.

I like how (1) he repeats again and again that he’s NOT a professional (no stocks guru feel, which I like), and (2) how his students say nothing but good things about him! See the comments section – so full of notes from his students. This type of student-teacher interaction is super endearing 🙂

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