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The Malaysian PF Community

Who are part of the personal finance community in Malaysia? We are small, but we exist and we are growing!

[Sponsored] Fintech ‘Unconference’ at Langkawi Beach Resort, Because Why Not

Let me start with a TL;DR – FintechNews.my is organising Fintech Barcamp at Holiday Villa Beach Resort & Spa, Langkawi on 9-10th August 2018. Tickets cost USD 145 each (about RM580) and include the cost of participating in the event only.

According to FintechNews.my’s write-up, this event was organised to encourage a vibrant fintech community; they do not intend to profit from it. You have to arrange your own accommodation and transportation. You can purchase the tickets from Eventbrite.

If you want to make the event but concerned about total cost, you can:

  • Choose a cheaper accommodation (RM100-ish-per-night accommodation is possible)
  • Buy your flights now (last I checked, RM200+ return tickets from AirAsia are still available!)

Langkawi’s cool. If you want to extend your trip, check out my 4D3N budget Langkawi weekend trip article. I spent RM1239.47, all-in, including flights, accommodation, car rental, food, entertainment and souvenirs.

End TL;DR.

fintech barcamp langkawi

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WANTED: Your Personal Finance Fiction/Non-Fiction Stories! (PAID CONTEST)

If there’s one thing I learned during this whole blog-writing journey, is that Malaysians are HUNGRY for fun personal finance content. Wow, you really like to hear stories, not advice! There are too many advice – no wonder people keep calling it a ‘dry’ and ‘boring’ topic.

So let’s change that. Let’s make personal finance fun to read and consume. GIVE ME YOUR SHORT STORIES SO I CAN COMPILE THEM INTO AN EBOOK. I’m offering cash out of my own pocket to all accepted submissions! See the details below:

writing contest malaysia

Personal Finance Writing Competition: The Details

  • Length: 1500 up to 5000 words
  • Theme: Personal finance
  • Type: Fiction and non-fiction short stories
  • Language: UK English or Bahasa
  • Format: Submit as GDoc link
  • Submission date: by 15 August 2018. Send it earlier if you want feedback and stuff
  • Submit to: submissions.ror at gmail dot com
  • Prize: RM100 flat OR a % of book sales within 1 (one) year. I’ll promo the heck out of you too.
  • No of winners: Unlimited (aiming for 50k words total)
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[SPONSORED] What You Should Know About Gold Prices In 2008-2018

As someone who keeps gold and regularly checks the price, I thought I’d cover the gold price movement in the last decade. Here’s what happened to gold prices between 2008 until mid-2018. Think of this article as an explanation of the 10-year historical gold price chart below.

gold prices
The price of gold from 2008-2018, per kilo (for some reason can’t change setting to grams)

For the benefit of this article, I’ll use price of gold per gram, not per kilo. Most people track the price that way anyway (unless they’re from the US, in which case they use ounces).

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Ringgit Oh Ringgit Christmas Giveaway: Gold, Crypto and More!

christmas giveaway

EDIT: Giveaway over; all prizes claimed! Thanks for your participation, everyone 🙂

Ringgit Oh Ringgit Christmas Giveaway is back! And I have a LOT to giveaway this year, thanks to the generous sponsors!

What Christmas Giveaways are available?

There are gold, cryptocurrencies, newspaper subscriptions and book vouchers up for grabs in SIX raffles. You can enter one or ALL of them, up to you. Prizes:

  • 1 x winner for RM200 in bitcoin from Ringgit Oh Ringgit + 1 year of Focus Malaysia subscription
  • 1 x winner for RM200 in Ethereum from Luno + 1 year of Focus Malaysia subscription
  • 1 x winner for RM200 in gold from HelloGold + 1 year of Focus Malaysia subscription
  • 1 x winner for RM200 in Zcoin + 1 year of Focus Malaysia subscription
  • 6 x winners for 1 year of Focus Malaysia subscriptions
  • 1 x winner for RM100 in Kinokuniya vouchers from Ringgit Oh Ringgit

The sponsors, in 6 words or less:

  • Ringgit Oh Ringgit – Suraya’s personal finance blog
  • Focus Malaysia – Weekly business newspaper
  • ZCoin – Privacy-focused cryptocurrency
  • Luno – Bitcoin and Ethereum exchange, accepts MYR
  • HelloGold – Keep gold as low as RM1

Note: Interested to be a sponsor? Comment here and I’ll get back to you 🙂

How to enter and win the Christmas giveaway

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#Bajet2018LepakSession is happening!

Super excited to share my first Facebook livestream session! It’ll be during the Bajet 2018 announcement this Friday!

Will be co-hosting with Julian Ng from The Very Long Run and Aaron Tang from Mr Stingy. Some of the things we plan to talk about:

  • So actually how does these budget announcements go la?
  • Eh why that one got budget cut? People are not going to be happy about that…
  • Oh, bigger budget allocation in that category. What is the PM’s plan hmm
  • What people wish for vs what they get
  • And more, see lah how lol

Event link

Please help us share the event to your contacts! Thanks so much for your support you guys!

Edit: Done the session! Here’s the video for your viewing pleasure 🙂

25 Personal Finance Subreddits For You To Find ‘Your People’

Personal finance subreddits

Personal finance is so… so… BROAD, isn’t it? We come from all kinds of backgrounds and have all types of interests and go through all sorts of life circumstances. Looking for specific answers can be tough. Sometimes you don’t know what you don’t know – not even the search term for it. I have suggested Reddit as a resource page before, but the sheer amount of available information can be enough for some people to go, ‘nope’ and close off the tab.

That’s a shame, because one of the best ways to learn about personal finance is to learn from the Reddit community. The most useful information get the most upvotes – so you get to save time by reading only the best of the best as determined by those personal finance subreddit community members themselves.

Even though r/PersonalFinance has a lot of members and contributors, I wouldn’t really recommend it and some other subs to Malaysians as many topics are specific for the US crowd. The r/MalaysianPF community, on the other hand, would be great if it wasn’t, um, dead.

BUT. There are other personal finance subreddits that you can explore. They will help you save, spend, invest and manage your money better – for a variety of occasions. Here are 25 of them.

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[SPONSORED] What Actual Retirees in Malaysia Say About Retirement

In my previous sponsored post about retirement, I talked about the importance of saving up for retirement, because the fact is that the majority of Malaysians don’t have enough money to support their golden years.

Who best can show you the reality of retirement, than actual retirees in Malaysia? Here are 3 retirees, and what they’re doing now to financial support themselves.

The original article appears here. Read it. It contains more details of these retirees.

Mr Moothy. Age: 65. Spent EPF money for family. Returned to workforce.

retirees in malaysia

Mr Moorthy bought property, but had to liquidate it to help his children’s finances. Because of a parent’s love, he had to return back to the workforce.

The consequences of not saving for ourselves can affect our parents.

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[SPONSORED] Retirement in Malaysia – Will You Fight or Flight?

Earlier this month, I was contacted by CompareHero, who wanted my opinion on retirement in Malaysia. This is what I said:

“Not being able to afford retirement is scary to me. I can’t imagine how unbelievably stuck that must feel. I don’t want to be 60 and in pain but have to push myself to go to work every single day just to be able to pay for medical bills.

This is why I am a big fan of EPF, PRS and achieving financial freedom. And if the maths say I must start now, in my 20s, then I guess I must start now. Maths doesn’t lie!”

Link to original article.

Here are some things that I learned from the article.

EPF Basic Savings for retirement has increased from RM196,800 to RM228,000

According to the latest revision in 2014, to take info account higher cost of living and longer life expectancy, the amount that an individual now need in their EPF Basic Savings is now RM228,000.

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18 Things You Can Get or Donate in Freecycle Malaysia

freecycle malaysia

 

Freecycling is a combination of 2 words – free and recycling. The whole idea is to offer items in good condition to other people, for free. I’ve joined Freecycling communities since my student days in UK, and both donated and received items from kind people who simply want to reduce their environmental impact. Indirectly, you get to save money and encourage community interaction, too. It’s a great concept.

I even got a bicycle from a nice lady. It got stolen the next day, but still. Thief, I hope you get better use of the bicycle than me. But I was a poor student who during that time was walking 30 minutes to school in order to save money on bus fare, so you’re kind of an asshole.

Some people asked me – what can you get from Freecycle? Rather than saying ‘anything’, I thought I can give an idea of the kinds of things you can expect to find there. Here are 18 things you can get or donate in Freecycle Malaysia.

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Link Love: December 2015

M'SIA PF LINK LOVE(1)

Starting something new: link love – where I curate the best articles about personal finance! I also like to add the ‘personal’ part of finance in, so they are not aaallll about money. Here are the best from the web in December 2015!

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This one woman regretted her RM200k wedding. I am an older sister to a younger sister who is about to get married, and I am worried that she will start her married life with loans, or seriously deplete my parents’ retirement savings just to ‘keep face’ 🙁

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Which is more important – time, money or love? This incredibly personal post by Mr Stingy made me think of life. There’s no point in having money if you don’t have time or love.

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I followed SpeedRent’s development with interest. Did you know that property agents gave him death threats? All because they found a way to do their jobs better. The update now is that their in-built rental agreements are legally binding. Very cool!

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Techies rejoice – in this list, programmers, developers, analysts, and designers bagged 10 out of 25 best jobs for work/life balance. In Malaysia, I’m looking up to these programmers – they are behind some of the apps we use.

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We know that we can use EPF money to purchase a house. Now that the Malaysian property bubble is bursting (or at least stagnating), those of you who are looking to buy property can start looking for bargains. To make it easier, you can apply to withdraw your money via i-Akaun. Online. Without visiting the EPF office. Woah.

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And if you want to buy your first home, here are some available options for you.

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Want to get into stocks but don’t know how to start? Check out Dividend Magic’s handy dandy guide – all you need to know about investing in stocks in Malaysia. Super informative.

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Did I miss anything? Want to add to this list? Tell me via comments!

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