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 🙂
Real talk – I am unmotivated AF. Almost every work I do (write article, present webinar, etc) ever since the pandemic started took a significant amount of willpower. Most of the time, I’m only able to push through because of routine, habit and self-talk (I routinely say things like ‘this is the type of person I decided I am so dammit I’m going to do it’ to myself).
If you are unmotivated yourself, what do you rely on to persevere through? Maybe you are at the first stage still – realising that you are spending a significant amount of emotional energy on appearing ‘fine’.
As for me.. in an effort to give life meaning, and without sounding too white-woman-y, I admit I am undertaking a yearlong Happiness Project (a paid course by one of my favourite author Gretchen Rubin), so I can rediscover and re-appreciate the joys of ordinary, everyday life.
2. 17 Influencers Share Their Best Money Tip for 2021 – Mr Stingy
I am delighted to see the variety of answers. The money tips (including one from myself) are a lot more nuanced than the basic ‘you must save then invest’-type financial advice.
My own contribution:
Do personality tests. The more you know yourself, the quicker you’ll find out what works for you and what doesn’t.
- The Four Tendencies test tells me I don’t need support groups to stay accountable to my goals (so I don’t need to waste time & money looking for them).
- The Big Five Personality Traits test tells me I score very high on Openness to Experience, so I should allocate budget for experimentation purposes AND be mindful to not overspend.
- The Love Language test tells me gift-giving is NOT my primary love language (I’ve informed my partner so he doesn’t need to waste money).
- The Financial Behavior Report tells me I prefer DIY financial planning than working with a professional (so I better not slack off and keep on learning).
Read everyone elses’ answers in the link above 🙂
3. Japanese man you can ‘rent to do nothing’ has thousands of clients – Independent
Can’t help but to laugh at his level of honesty:
Morimoto first offered his services in June 2018 after posting a tweet that read: “I offer myself for rent, as a person who does nothing. Is it difficult for you to enter a shop on your own? Are you missing a player on your team? Do you need someone to keep a place for you? I can’t do anything except easy things.”
Its nice to do ‘nothing’, but I think he leads a busier life than you think. The companionship services aside, he’s also maintaining an active social media presence (ie can be enjoyable work but still work) and have published a book (writing then promoting said book is definitely work).
If you like trendspotting and ecommerce, you’ll like this article. It’s really interesting (and sad?) to see how other countries in Asia are so far ahead than us!
5. How to Make Money Organizing and Scanning Photos for Clients – The Penny Hoarder
What a fascinating side income idea! And imagine the joy people will get out of revisiting old memories! Such a great option for someone who can invest on minimal equipment (a scanner etc) and time. Rough outline on how to start this side gig in the article, click the link above!
6. 2020 Financial Review Posts
Reading how other people navigate their financial life improves my financial literacy so much more than just getting financial advice on its own. Here are some recently-published ones to recommend:
- Via Ringgit Freedom on the temptations of 0% instalments
- I’m Funemployed on taking health is wealth seriously
- Figuringgitout on completing No Spend Challenge for a whole year
Do you know of other financial journeys to recommend? Share them in the comments section. Follow all of them, if you haven’t!
7. How to Self Contribute EPF using Maybank2u – Balkoni Hijau
If you’re one of the 3 million who took out EPF money via i-Sinar, its only fair you know how to put the money back in, yes? Helmi of Balkoni Hijau created a step-by-step guide for you:
8. Unequal burden: how the COVID-19 pandemic is adding to women’s workloads – World Economic Forum
The fact that women do more unpaid care work is unsurprising. And I would have never learned of this if I exclusively read personal finance books and content by men (and most of the popular ones *are* by men), who have benefited from this unequal labour division since forever.
The average woman now spends nearly the equivalent of a full-time job doing unpaid childcare – a full working day a week more than the average man.“Whose time to care?”, UN Women
What can a woman do with one extra, full day? A lot. That’s what she’s lost and have to gain back. See #9 for one method to get back the time.
There is a step-by-step way to have a more equal housework distribution!
- Step 1: List all your logistics tasks
- Step 2: Ask yourselves: “What can we simply stop doing?”
- Step 3: Ask yourselves: “Which tasks do I want to own?”
- Step 4: Ask yourselves: “What can we outsource?”
- Step 5: Work out how you can split the rest
Read the article, or better yet, find the book ‘Couples That Work: How Dual-Career Couples Can Thrive in Love and Work’ by Jennifer Petriglieri.
10. 40 Stock Market Terms That Every Beginner Should Know –
Really nice way of learning stock market jargon!
To read past link roundups, please click here.