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.
2. 7 Finance Bloggers’ Personal Tips To Save Money Now, So You Can Survive The Recession In M’sia – Vulcanpost
Hey look, it’s me and my fellow personal finance bloggers! We give money tips!
Next time, I hope to see more women in personal finance-related articles 🙂 I’m not the only one you know. Discover more of us further down this article and in the What’s In My Bag: Malaysia Personal Finance Content Creators Edition! roundup.
The diamond industry: how do we maintain the (high) diamond prices when people are not buying and the diamond stock keeps increasing? No we refuse to slash the price.
Good luck solving the problem lol. Much respect if they can maintain current prices. Not easy.
4. How to Run a Website for Only $8 a Year – BeanMusing.com
Cindy aka MoneyMonies on IG shared how she figured out how to maintain a self-hosted website for cheap, at only $8 or RM32(ish) per year!
Personally I pay about RM1000(ish) for 3 years, so that’s quite a big difference in price.
(But no regrets. I use and love Wordpress dot org – can see more info at The Exact Steps I Use to Earn Money from Blogging article).
5. Why It’s Time to Do Zero-Based Budgeting – Siti Sabidi
Siti Sabidi is a Malaysia-based debt-free blogger (yes! I know! got!) In this article, she explains what is zero-based budgeting, a method of budgeting that I personally haven’t done before – assign every dollar (ringgit) a purpose.
I’ve minded my personal finance for a while, and my method now is honestly just ‘make sure I earn more than I spend, invest the difference’, that’s it. Can definitely improve on this system, make my budgeting more intentional.
P/s – I recommend following Siti Sabidi on FB and IG
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Happy 1st of June everyone. Sekejap sangat dah half year 2020. Pagi is my best time to reflect how I did, what I did to get me closer to debt free. The feeling to be able to strike off the Debt section on my budget worksheet is such a pleasent feeling from practising frugal living, sacrifice the desire for fancy fancy things, being a little more micro manage with my money. Alhamdulillah. Dah nampak sunshine disitu 🌼 Don’t give up, girl. Be consistent with tracking your budget. When you have clarity in your goals and having a system working around your personal finance like how this workbook and cash envelopes does for me, no matter how much money you bring in, you won’t stray of wondering where your money has gone or what have you done with your money. What is your goal for this month? #cashenvelopemalaysia #bebashutang #matlamatkewangan
6. Productivity Culture Has an Empathy Problem – Kristin Wong (editor @ The Financial Diet)
“..so much popular productivity advice… is accessible only to people who have the option to use it in the first place.”
Going to file this under: articles that genuinely made me think.
Syaza Nazura is a career coach who publishes awesome newsletters and talks about things like how impostor syndrome affects her, a career coach.
In a world where everyone fakes their confidence, and have that ‘fake-it-til-you-make-it’ mindset (not wrong!), it’s nice to know that deep down, we’re all insecure about our performance. Everyone – except narcissists – feels inadequate at least half the time, and that’s normal.
P/s- I’m reading a book written by an ex-Google employee. Apparently all the programmers push themselves to be ahead because they don’t want to appear they’re behind everyone else. We’re all faking it.
My head spins from the redefinition of economic concepts, all brilliantly explained by these amazing women. Notably, their approach promotes new concerns like climate change, and intentionally excludes exploitation. Teasers from the article:
- Mariana Mazzucato asks fundamental questions about how ‘value’ has been defined, who decides what that means, and who gets to measure it. Watch her TED talk
- Stephanie Kelton takes on our approach to debt and spoofs the simplistic metaphors, like comparing national income and expenditure to ‘family budgets’ in an attempt to prove how dangerous debt is.
- Kate Raworth, a Senior Research Associate at Oxford University’s Environmental Change Institute, is the author of Doughnut Economics. She challenges our obsession with growth, and its outdated measures.
- Carlota Perez doesn’t want to stop or slow growth, she wants to dematerialize it. Her push is towards a redefinition of the ‘good life’ and the need for “smart green growth” to be fuelled by a desire for new, attractive and aspirational lifestyles. Lives will be built on a circular economy that multiplies services and intangibles which offer limitless (and less environmentally harmful) growth.
- Esther Duflo, Professor of Poverty Alleviation and Development Economics at MIT, is the major proponent of bringing what is accepted practice in medicine to the field of economics: field trials with randomised control groups.
9. How I get months of free groceries (pantry items) in Malaysia – The Purple Cotton
NOT a clickbait. The Purple Cotton really did found a way to get hundreds of ringgit worth of pantry items for free, by buying store credits at a cheaper price. The promo she’s referring to has (unfortunately) expired, but I love the resourcefulness!
10. How to Stop Promoting Incompetent Men – Harvard Business Review
And finally. CAN WE ACKNOWLEDGE THAT THE WORLD IS WORSE OF DUE TO THE LEADERSHIP OF INCOMPETENT MEN????
Can we PLEASE stop glorifying them now???
All over the world, men tend to think that they that are much smarter than women. Yet arrogance and overconfidence are inversely related to leadership talent. https://t.co/1U07uKHwwG
— Harvard Business Review (@HarvardBiz) June 11, 2020
To read past link roundups, please click here.