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 🙂
Health is wealth 😀 The 5 habits, which can add ‘an extra 12.1 years for men, or an extra 14 years for the women’ (not insignificant!) are:
- Don’t smoke
- Maintain a low body mass index
- Work out for 30 minutes per day
- Drink alcohol moderately (interestingly, ‘other studies have found that drinking moderately improves health and longevity outcomes over not drinking at all’)
- Maintain a healthy diet
Do you work in a cut-throat work environment, where you’re told you should ‘suck up the abuse’ and ‘only the toughest survive’?
That’s not normal. And it’s not good for the organisations either – cut-throat work environments are less productive.
If you’re not sure you’re in one, read the article. You’ll be able to identify and hopefully do something about your situation, if you’re not happy with how things are.
3. The Different Words We Use to Describe Male and Female Leaders – Harvard Business Review
For those of you who are unaware of how gender bias looks like. Here, let the summary point it out.
We know that men and women are often described differently in performance evaluations, and now we have more information on exactly what some of those differences are. Researchers analyzed a large-scale military dataset (over 4,000 participants and 81,000 evaluations) to examine objective and subjective performance measures.
They found no gender differences in objective measures (e.g., grades, fitness scores, class standing), but the subjective evaluations were very different. Negative words (like selfish, passive, and scattered) were much more frequently applied to women. The specific words used to describe men and women also differed. The most commonly used positive term to describe men was analytical, while for women it was compassionate. The most commonly used negative term to describe men was arrogant, while for women, it was inept — even though men’s and women’s performances were objectively the same
4. 20 Social Media Templates to Save You Hours of Work – Hootsuite
If you work in marketing or social media, or heck even if you want to improve your personal branding, then check out these time-saving templates.
At the very least, use this Social Media Bios template to improve your social media profiles.
5. 15 signs you’re in a relationship with a manbaby – Victim Focus Blog
This is required reading for all women. Having a relationship with a manbaby will absolutely ruin you financially, so it’s worth identifying/avoiding/letting go of them.
6. Confessions of an Overnight Millionaire: “I constantly ask myself, Do I deserve this money?”– NY Mag
Oh I love this piece, this is as confessional as it gets – it’s written by someone who works at a tech startup which IPO-ed and suddenly became a millionaire and finding it difficult to come to terms with the sudden wealth.
You can say ‘wow what a petty thing to complain about’. It doesn’t matter, I enjoyed it regardless, its almost like escapism. The fact that I can read how this experience affects someone via their internal monologue… delicious.
I love this list! Some of the tips are common sense, but that’s exactly why it’s important to remind yourself about it, so you actually do it (Idk about you, but I’m guilty of knowing but not doing..)
8. Wall Street Bets traders are more skilled and responsible than they get credit for, a new academic study finds – Business Insider
This article made me LAUGH. Check out what the researchers said:
“Despite the conventional view that the platform primarily attracts uninformed investors, we find no systematic evidence of this,” the research authors wrote.
Place Your Bets? The market consequences of investment advice on Reddit’s Wallstreetbets by researchers Daniel Bradley, Jan Hanousek, Russell Jame, and Zicheng Xiao found that the average buy recommendations posted to the forum delivered two-day returns of 1.1%, with a subsequent 2% return over the next month and 5% return over the next quarter.
Further, the buying activity in the stocks that are the subject of a WallStreetBets due diligence reports is usually driven by retail investors, with volumes increasing sharply in the intraday window following publication, the study found.
“We find that due diligence reports contain investment value,” the study said, adding that retail investors are able to discern the quality of the reports.
“In sharp contrast to regulators’ concerns that WSB investment advice is harming retail traders, our findings suggest that both WSB posters and users are skilled…[and] are likely to benefit from the recommendations on the site,” the paper concluded.
9. My Most Important Savings Account Isn’t For Me — It’s For My Neighbors – Apartment Theraphy
Those of you who are quick to offer financial support whenever family and friends ask for help might benefit from using the tip from this article: create a mutual aid fund, earmarked solely for helping people who are important to you. This way, you are not donating more than what you can afford.
Read this article for some tips in declining requests, when you can’t fulfil them (remember, you don’t owe them your money or even a reason) – How to Say No to ‘Can I Borrow Your Money?’ & Other Financial Requests
10. 4 Ways DeFi Can Generate Passive Income – Entrepreneur
In DeFi (Decentralised Finance), you can earn passive income via staking, becoming a liquidity provider, yield farming and lending. I do all of them except lending (basic Syariah principles say lending with interest is riba = tak halal). It’s fun playing around with various DeFi tools with EXCESS SAVINGS.
Personally, learning about DeFi has been a lucrative endeavor for me.
Read my self-learning journey – I Am Self-Learning DeFi (Decentralised Finance). Here’s Why.
To read past link roundups, please click here.