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"bitcoin"

FAQ: How to Invest in Cryptocurrencies in Malaysia (Aside from Bitcoin)

invest cryptocurrency malaysia

This is a follow-up to my Bitcoin FAQ articleYou need to understand bitcoin first before diving into other types of cryptocurrencies. If you have not read that, you might find this confusing, so read that first. 

This article looks at cryptocurrency and altcoins from a more ‘investor’, rather than ‘tech’ point of view. If any info here is wrong or outdated, please let me know by commenting.

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FAQ: Everything You Should Know about Bitcoin in Malaysia, as a Newbie

bitcoin malaysia

Looking for information about bitcoin in Malaysia? I’m glad people are showing more interest in this, but it’s risky to dive in without sufficient information. From my experience admin-ing one of the Bitcoin Malaysia FB pages (here; join for latest news and updates), seems like many people like to promote unsafe bitcoin investment opportunities.

So here’s a FAQ about everything you should know about Bitcoin in Malaysia, as a newbie. This is kept fairly jargon free.

Versi Malay yang ditulis oleh SenangBit

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RM10,000 in: 6 reasons why I invest in Bitcoins

Today, I reached a milestone! RM10,000 in Bitcoins. This is the second investment I made after ASB (aka genetic lottery due to being technically Malay) that I hold more than RM10k in one investment vehicle.

Update March 2016: I’m now RM15k in.

In a previous post, I wrote about the 4 things I learned about buying Bitcoins in Malaysia.

Related: Bitcoin guide for Malaysians

 

Today I’m going to talk about why I personally invest in it.

bitcoin-910307_1280

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Budget Update: October 2019

Budget Update October 2019 1

Budget Update: October 2019

Oh my, my expenses in October 2019 was in the RM6k, almost RM7k range again. Urk. Business, Utilities & Rent and Insurance & Medical expenses took the bulk of it though. Even after all this time, even knowing how I shouldn’t skimp on these expenses, I still wishfully dream for under-RM3k monthly expenses.

Is that kind of monthly expense realistic, though? To thrive (not merely survive), at least RM4k+ per month is needed no? I know that many companies advertise jobs with starting pay of RM2.2, RM2.5k. And they expect people to be able to ration that out all thoughout the month?

And I guess other people got sick of that unrealistic expectations too, because boy did this tweet go viral:

Yes, YES, we *could* live on that amount. If we *only* spend on what we need to spend on to just live, we could.

BUT that would mean a living a life devoid of any entertainment, any leisure, any trips home to see the family, any activities with friends, any personal fulfilment, any meaning. How DARE they judge every single bubble tea, every nice meal we have, when that could be the only thing that makes life tolerable for us.

I’m going to share this article again: 3 Ways to Get A High Salary in Malaysia

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Revealed: My Business Expenses as a Blogger in Malaysia

How much do you think professional bloggers in Malaysia spend to maintain their website and work? Go on, take a guess.

I don’t know about the rest, but for me, the amout is RM1.1k per month on average.

How did I get that figure? Well, I know that I’ve spent RM56,438.67 in Business expenses from June 2015 until the time of writing (September 2019).

expenses blogger in malaysia

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Budget Update: August 2019

budget update august 2019

Budget Update: August 2019

Have you ever used learning as an excuse to NOT do something? Like, in a “oh I can’t possibly do that yet, I’m still learning about it” way.

Yeah. Hi. Can I join the club?

Creating video content is that thing that I’m forever ‘learning’. So far, in the last couple of years, I’ve:

  • Asked many people for advice
  • Bought some equipment
  • Bought a video-editing software
  • Bought and went through courses (including one in August designed to conquer the fear of being on camera, a course called ‘Confidence on Camera’)
  • Made a looooong list of possible video content angles

And yet – and yet! – at time of writing, I still can’t bring myself to actually do it. The only reason why I have a Ringgit Oh Ringgit Youtube channel set up (if you want to be an early subscriber…) is because I need a place to house a collaboration video done with HelloGold.

On one hand, ok fine baby steps. On another hand, this baby needs to grow the hell up.

Someone smack some sense into me please. Or suggest video content you want to watch, maybe that might help. I don’t know.

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Link Roundup #28: 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. The Real Reason Why You’re Bad With Money – VICE

…could be that you’re too, well, nice. According to the article,

“Those with ‘a higher degree of the personality trait known as agreeableness, meaning they are more likely to be altruistic, kind, and trustworthy than the rest of us make great friends, but they’re also more likely to be bad with money.”

If a good friend of yours has this personality trait, please look out for them. Their personality literally makes it hard for them to avoid helping others, even if it causes their financial ruin. These are the ones who co-signs a bad loan, lends people money (and never asks or gets it back), and quick to offer to pay for lunches and drinks.

If that describes who you are, don’t change. The world needs kind souls like you. But do learn how to say no, and practice it regularly. If saying ‘no’ is hard, repeat the phrase “Let me think about it” over and over to the requester.

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Pros & Cons List of 5 Popular Investments in Malaysia

In this article, I’m going to give you a condensed but concise pros/cons list of five of the most popular investments in Malaysia: fixed deposits, mutual funds/unit trust, stocks, gold and properties/land. I’m also going to give you the tried-and-tested strategies that work well with each type of investment.

Why these five? Simple – because the overwhelming majority of us will start our investing journey with one of them first.

Let’s get right into it.

#1 – Fixed Deposit

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All the Financial Tools I Use for My Own Money Management (Malaysia-Specific)

The other day I was listing out all the financial tools that I personally use for money management in my notebook, and the list got kinda long.

That got me thinking – all of you must have your own money management system, right? Even if it’s in your head, even if it’s messy. You know, more or less, that the money in account X is for daily use and the money in account Y is earmarked for, say, retirement.

I did that list because (1) it’s good to know exactly what I have and what I use it for and (2) I don’t want to accidentally forgot about an account, which happens more often than you’d think (that’s why there’s over RM5.77 billion in unclaimed money???).

So here you go – an article compiling all the financial tools I use for my own money management. Please don’t @ me if any of them sucks for you – they’re just the best option for my situation right now – I’m not loyal to any of them and happy to switch to better solutions as and when it suits me. Also please don’t take anything here as investment advice.

The financial tools are arranged in this order:

  • Bank account
  • Credit cards
  • Debit cards
  • Pre-loaded/Loyalty cards
  • E-wallets
  • International money transfers/payments
  • Investment
  • Retirement
  • Insurance
  • Estate-planning
  • Accounting
  • Budgeting app
  • Other accounts with money inside it

Just to maintain some sort of neutrality, this article itself is free of referral links, but related articles and embedded social media posts may include links.

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