Gen Y Archives - Ringgit Oh Ringgit

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?

Friends, if you’re internet-dependent like me, chances are you have been exposed to Forex advertisements. Maybe from Google, maybe from Facebook, maybe even from websites and blogs (like this one).

I mean, you ignore ads, of course. You’re already used to being bombarded, courted by many companies who want you to try their products and services. It’s likely that by now, your eyes sorta glaze over those ads, barely even registering it.

But once in a while, they caught your attention.

And you, with your tight budget, suddenly wondered, what if this is the solution to my financial problems?

As someone who felt the exact same thing and kinda dabbled in it, without committed any of my own money (and didn’t profit from it either), let me give you the lowdown in Forex, including that time I unknowingly worked in a Forex company.

(Warning: This is a long post)

Tag

Gen Y

Should You Try Them Forex? No-Bullshit Guide for Gen Y