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expensive

Link Love: December 2015

M'SIA PF LINK LOVE(1)

Starting something new: link love – where I curate the best articles about personal finance! I also like to add the ‘personal’ part of finance in, so they are not aaallll about money. Here are the best from the web in December 2015!

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This one woman regretted her RM200k wedding. I am an older sister to a younger sister who is about to get married, and I am worried that she will start her married life with loans, or seriously deplete my parents’ retirement savings just to ‘keep face’ ūüôĀ

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Which is more important – time, money or love? This incredibly personal post by Mr Stingy made me think of life. There’s no point in having money if you don’t have time or love.

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I followed SpeedRent’s development with interest. Did you know that property agents gave him death threats? All because they found a way to do their jobs better. The update now is that their in-built rental agreements are legally binding. Very cool!

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Techies rejoice – in this list, programmers, developers, analysts, and designers bagged 10 out of 25 best jobs for work/life balance. In Malaysia, I’m looking up to these programmers – they are behind some of the apps we use.

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We know that we can use EPF money to purchase a house. Now that the Malaysian property bubble is bursting (or at least stagnating), those of you who are looking to buy property can start looking for bargains. To make it easier, you can apply to withdraw your money via i-Akaun. Online. Without visiting the EPF office. Woah.

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And if you want to buy your first home, here are some available options for you.

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Want to get into stocks but don’t know how to start? Check out Dividend Magic’s handy dandy guide – all you need to know about investing in stocks in Malaysia. Super informative.

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Did I miss anything? Want to add to this list? Tell me via comments!

1 question you need to ask after receiving financial advice

Hands up if you have ever typed anything along these lines in Google Search:

  • ‘How to cope with cost of living’
  • ‘How to make a budget’
  • ‘How to reduce spending’
  • ‘Ways to increase income’
  • ‘What is the best credit card’
  • ‘Where can I get a loan’
  • Or some other variation of these

May I just say that the first page of Google results were designed to be there in the first place – someone lovingly crafted an SEO-optimised article, especially for the incoming Malaysian traffic. Oh, Malaysians, especially our generation, will be flocking these articles, desperate for help to counter the rising cost of living.

The articles are likely short and filled with bite-sized information. The advice given are, for better or for worse, generic, and usually ends in ‘yes you too can save money/make extra income with these methods, try it now!’. Then perhaps they will plug in a product or a service.

How do you know if you are receiving good advice or not?

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