Mr Stingy aka Aaron Tang compiled money tips from 16 personal finance thought leaders in Malaysia and beyond, including: Lee Ching Wei (of iMoney), KC Lau, Pakdi, Julian Ng, DividendMagic, Stanley Lim, Charles Tan of KopiandProperty, GenXGenYGenZ, Natalie Pringle of The New Savvy, RinggitOhRinggit (me!), Dawn of SGBudgetBabe, Farid Bahrudin, Mohd Kauthar, Faiz Wahab, Kevin L of Turtle Investor and Lionel Yeo of The Cheerful Egg.
Will you find money tips that’ll work for you? With 16 people, chances are you will, so go give the article a read!
Surprising fact no 1: There are (at least) five active ride-sharing apps operating in the Malaysian market. Five!
They are: Grab, MyCar, MULA, EZCab and Dacsee. LOVE this article comparing the prices plus waiting times for each of them. I’m already a Grab and MyCar user – I think I’ll install EZCar too because the price looks pretty good.
One of the questions I regularly get from friends and readers who do freelance work is, “Suraya, a client is interested in my services. How much should I charge them?”
I’m still learning myself, but let me share what I know. Here are five methods you can use to figure out how to charge your clients. This guide is suitable for freelancers who sell services like writing, designing, consulting, etc, not products.
Please comment if you have additional info to add!
Method #1 – Get the client to make an offer
This is a favourite method of mine – I use it whenever I can, especially if the request is slightly different from usual and I have no idea what’s considered a ‘fair’ compensation for it. Your conversation might go something like this:
This post is dedicated to my sister, who runs the Instagram shop Malaysia Plus Size and sells chic, Muslimah-friendly fashion. We had a conversation about finances and what she should have, as an online business in Malaysia when it comes to paying taxes. Then we were interrupted by mom’s gulai and didn’t manage to continue, so this post is for you sis. If you have a small online business – selling products and/or services from Facebook, Instagram, Mudah, etc and have your own branding (logo) – you should find this helpful, too.
Here’s what you have to have in order, when it comes to taxes.
In this blog, I shared a lot about what I do for a living: self-employed freelance writer. It’s been about a year, and I’m happy to say that it’s been a pretty good year. I work 100% online, and yes, it’s possible for other Malaysians to do the same.
It can be lucrative, too. In November 2016, I hit 5 digits for the first time.
In this blogpost, I’d like to share the exact steps I use in my journey. I started from zero knowledge and experience – in fact when I first started, I was still looking for local job opportunities (because that’s what I am used to). I hope you’ll find this sharing useful.
Freelancing in Malaysia is not hard, but I think there is a steep learning curve when it comes to managing finances. Based on the conversations I’ve had, many freelancers in Malaysia have a ‘whatever works’ system. This leads to many undesirable side-effects, like:
Losing money to ridiculous fees
Lack of protection and recourse for clients who don’t pay
Indirect loss of income due to perceived lack of professionalism image
It’s hard to write about the complete range of tools that is needed for every freelancer in Malaysia. Some of you are freelance writers, freelance graphic designers, freelance artists. Some of you may freelance with companies like Uber, part-time as insurance/unit trust agents, do promoter-type work for events, or even MLM-type ‘business opportunities’.
For the purpose of this article, I’m going to focus on the must-have financial tools for online-based freelancing jobs, but the tools can be handy for anyone freelancing in Malaysia.
My last date of formal employment was 30 September 2015. Today, it’s been 2 weeks of freelancing. My estimated freelancing income for October 2015 currently stands at RM3360 (nett). I’m aiming for RM4k.
I’m not finding enough resources out there for people who made the decision to quit their jobs to freelance slash run a business. At least, not enough resources on how it actually feels like. So I decided to document my own transition. On a personal level, this is making me aware of some aspects of my personality that I have not realised before. In a sense, I am answering ‘If you could do anything with your life, what would it be?’ by actually living it.
Here are my 10 thoughts on being a full-time freelancer, 2 weeks in:
1. I worry more. A lot more. It’s not as bad, but I still have panic attacks over this major life decision of moving away from Kuala Lumpur. Before all this, I tend to worry more about the long-term – how to make sure I’m financially okay when I retire. Now I worry about more immediate things – my next paycheck, overspending on lunch, missing opportunities, things like that.