budget update

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.

Continue Reading…

Budget Update: May 2019

budget update may 2019 1

Budget Update: May 2019

An okay month, budget-wise. Things slow down due to fasting season, less events and meetups than usual. That gave me more time to spend on online courses.

The one I’m enlisted in now, Dream Job course by Ramit Sethi, has a component forcing me to identify and list down my mental barriers, or negative beliefs that stop me from achieving whatever it is that I want to achieve.

After taking some time to think about it, I came up with 6 mental barriers that I personally have:

  1. Fear in managing a team. This has kept me as a solopreneur all this while, a one-person team. I realise that while I can grow fast, I can’t grow far without hiring people.
  2. Hard to get out of scarcity mindset. It’s not as bad as before, but my default is still to save money rather than earn money.
  3. Need to improve my presentation & speech skills. It can be better. It can always be better.
  4. Stingy with higher-cost self-development tools and courses. Self-explanatory.
  5. Don’t like working with VIPs or bigshots. So I prefer not having them as clients, despite the big paychecks. I’m okay with this barrier actually.
  6. Uncomfortable with outbound sales. I guess the solution for this is to be really, really good with inbound sales.

‘Fixing’ myself will be a process, hopefully a fun and fulfilling one. I just want to be the best version of myself, you know? After talking to some friends, a few suggested going to Toastmasters meetups to improve on #3.

If anyone has more suggestions on how I can improve my presentation skills, I’m all ears 🙂 Been getting more speaking and presenting gigs nowadays. I just want to do a good job and be worth people’s time.

Continue Reading…

Budget Update: April 2018

Budget Update: April 2018

In terms of my budget, it’s alright. A big chunk went to my business. A portion went to travels. A sudden request from my dad shot up the Donations category. Rent is the usual amount. These four things make up 80% of my total expenses, a high percentage. But all in all, nothing I can’t manage.

…Can I just say that it’s really freaking strange – coming from a self-confessed frugal person and all – to see your monthly expenses shoot up to five figures?? This is the third time my expenses went above RM10k per month in the last six months. I’m freaking out. Have I just been in denial, all these while?

These high expenses really should worry me, but strangely I’m not. Even now that I’m mostly living off the income earned from the past months and year, I’m not. I told myself that it’s okay, I have savings, work will come (I’m choosy nowadays), plus I need the time to work on my own projects anyway. The patronising part of my brain nags though: it said if I’m smarter, I would have just taken on whatever projects I can WHILE working on my own projects. Cut me some slack, brain.

Being self-employed means many things. There are ups, there are downs. But no matter what, you have to constantly create tasks for yourself, or you’ll be stagnant, and THAT is a downward spiral I’d really like to avoid. For the most part, creating tasks is fun to do. There’s a lot of personal agency behind it, so much control.

However, here’s something they don’t say: when life events throw you curveballs – and I had some of those in April 2018 – you get disoriented. Even when you force yourself to make a tasklist, doing them is not as enjoyable. At one point last month, I even started to crave office life, where your tasks for the day are sorted out for you. It’s a strange feeling. When I caught myself thinking it, I was stunned.

How strange, too, writing and confessing this to the world. Well, you did come here for personal finance content. I delivered, didn’t I? It’s futile to pretend our life experiences doesn’t impact our financial life in any way. By writing this, I understand my internal mind a bit more, and therefore my financial habits, especially things I do on auto-pilot when I’m mentally spent.

Go on and share your internal mindworks in the comments section, too. Let it off your chest. I assure you it’s very cathartic.

Yay of the Month:

  • Ringgit Oh Ringgit is now AI-enhanced! The ad parts, that is. Who knew there was a service which can test multiple ad combinations and optimise that for you, so you can earn more money from ads? That’s exactly what Exoic does. The integration process was not hassle-free – it took a few days and at one point, my website was inaccessible – but now I can see it’s consistently earning me ~USD5+ per day. That’s higher than what I was earning with Google Adsense.
  • Published a sponsored content I’m proud of – this article on designs on gold bars and gold coins. A world I didn’t know existed!
  • Went to Hong Kong. 5 days, 4 nights trip. I’m glad I went there, even though it’s not my favourite country, not by a long shot. Now I understand more about the financial hub. A budget travel guide to Hong Kong will be published in RoR later 🙂
  • Was reorganising the closet. Turned a pair of pajama pants into pajama shorts, and a dress into a skirt. I didn’t do that great of a job cutting/sewing them up, but they’ll work as house baju. Re-purposing makes me feel good. I should do more of that rather than just throwing out stuff I no longer use.
  • Gave away some stuff I didn’t need. Offered it to the Beli Nothing Project community on Facebook.
  • Decided to put more effort into Ringgit Oh Ringgit. Will try my best to post 2x a week now. New posts will be out on either Monday/Tuesday and Wednesday/Thursday. Why those days? Google Analytics say those are the highest-traffic days. #datadriven
  • Finally decided to buy new earphones. So I’ve been using my old one – missing one earbud and all – for close to 6 months now. Kinda ridiculous, and I told myself enough is enough, you cheapskate. Lucky break: the one I wanted, JBL CS100i, was listed as RM26.90 on Lazada. Then it appeared on Lazada flash sales for RM20.90! Quickly cancelled the earlier purchase (refunds from Lazada ewallet is easy and fast) and bought the same one for cheaper price. Win!
  • Read 4 books: The Casual Vacancy by J.K. Rowling; Sway: The Irresistible Pull of Irrational Behaviour by Ori and Rom Brafman; Dear John by Nicholas Sparks and The Handmaid’s Tale by Margaret Atwood. It seems that recent events in my personal life are drawing me towards fiction. Escapism, perhaps.
  • Attended a WordPress KL event. Love these guys, they are super helpful. One of those communities where they share information because they’re so passionate about it, you know? I love that culture of sharing. Find them in this FB group.
  • Watched 2 movies: The Avengers Infinity War (on IMAX 3D some more!) and Ready Player One. Both were great. I wonder how it’s like to be part of the script-writing process. Can just imagine writers shooting about ideas with each other. What a great environment to work. I want that. Any idea how to get into it?

Nay of the Month:

  • Disappointed my parents. My parents – love them and all – are both retired, and now dedicate themselves to only one thing: religion. And it comes up a lot when they remind me of their mortality, and the job they still have to finish before they pass on: turn me into the perfect Muslim daughter, then eventual wife and baby bearer. I wish they have other passions, something else we can talk about. But no. Every other conversation turns into religion talk. It’s draining, but worse of all I know it doesn’t come out of a bad place. It came out of love. I’m working to repair our relationship.
  • The trust/wasiat thing is STILL not sorted out.
  • My apartment’s stand fan gave up on me. Had to replace it. Thankfully it was cheaper than I thought – just RM95.50 from Lazada, including delivery.
  • This crushed me – a client gave me bad feedback on my writing work. No excuses. I have to perform better. Going to look for business writing classes to improve.
  • I’m dating around again. Downloaded Tinder – I like it, it’s a cost-effective way to meet people. But finding someone I like enough to keep going on dates with is proving harder than I thought. My last relationship was ridiculously easy – instant connection, lasted years. I wonder if Tinder can give me that. Guess I have to keep using it to find out.
  • Lately, I feel self-conscious that many of the stuff I own looks… old. Result: some clothes shopping. Mixed feelings. On one hand, I like being the type of frugal person who stretches her belongings to its full potential. On the other hand, I want to look presentable too, I’m not immune to peer pressure.
  • Bought a couple of books from MPH. I forgot to double-check the receipt before payment 🙁 They charged me RM52.90 for a book, instead of the sticker price RM45.90. MPH helpline is not helping, so I shot them an email. Let’s see if they will honour the price and refund.

Things to Look Forward to:

  • Growing Ringgit Oh Ringgit. It simply fits my plans: passive income; location-independent. I’d like to submit more guest articles to high-traffic sites, and make a digital product to sell.
  • Puasa is comiiiiing. Half excited, half dreading.
  • Putting more effort in my skincare and appearance in general. I want to look and feel my best. My confidence took a hit lately and this is one actionable way to go about it, since I have no mood to continue my exercise routine (I really should though).
  • My birthday. Turning 30 on the 15th.

Isn’t it weird that a third of 2018 is already over? Isn’t it also weird that you always think of the time that’s passed?

You know, I want to be the kind of person who’s like, yep, time passed. Wasted or not, it happened, move on. Can I learn anything from it? I can? Cool, let’s use that lesson for the future. This mindset is not automatic yet – there was some unlearning involved – but sooner or later I do hope to be the kind of person who lives her life on her own terms, and not of others’ expectations. I can handle society, but parental expectations… that’s the tough one.

Goodbye, 20s. I learned a lot from you. It’s been wild, I had a great decade, did more than I thought I was capable of. Even though no one knows what the future will bring, I know that the best parts of my life are still yet to come. Can’t wait.

To read about my past monthly budget update, click here. Graphs are taken from my expense-tracking app Money Lover (review).