If you love personal finance as a topic but have not explored Malaysian Twitter yet, do I have a treat for you today.
Following my popular personal finance Instagrammers in Malaysia article, I thought I’d compile the Twitter version pulak. Here are some Malaysia-based personal finance Twitter accounts you definitely should follow. Note that I have intentionally excludedother personal finance thought leaders in Malaysia who don’t use Twitter as their main engagement channel (bloggers, Instagrammers etc). I also exclude Twitter accounts maintained by finance-related companies and media.
This names in this list links directly to their Twitter accounts and appear in no particular order. If I missed out anyone, do let me know (or leave a comment with a link to the profile!)
One of my biggest fears in life is being forced to work to cover my living costs when I’m old and in pain. This article interviews people who are exactly in that situation.
Read the article, then note how you feel. For me, it was fear, helplessness and renewed motivation to work my ass off while I’m still young – in that order. If I have this much time to plan, I don’t have any excuse for letting the worst-case-scenario happen to me, do I?
First of all, the article’s accompanying image though hahahahhahahah:
The image kinda describes the e-wallet scene in Malaysia right now – there are so many players that you can’t help to wonder who will ‘disappear’ and who will make it in the end. The author’s predictions, backed with pretty solid arguments – is #5 as listed in its table of contents.
The dawn of the e-wallet infinity war
Does e-wallet provider need a license in Malaysia?
What is BNM’s policy on e-wallet?
Who are the e-wallet providers in Malaysia?
Which e-wallet providers will stay in the long run?
Will Malaysians use e-wallet?
Understanding e-wallet 1-2-3
Why should retailers & etailers care?
How to differentiate Static vs Dynamic QR payment?
Who will win: network-based or card-based e-wallet?
There’s a link in the article, right near the end, which points you to the e-wallets in Malaysia Facebook community. I’ve personally learned a few e-wallet-related money hacks from the group, can recommend *thumbs up*
Looking at the statistics, you can’t deny that rich Malaysians must know something that the rest of us don’t. I mean, the top 20% can’t have gotten almost half of all the income in Malaysia by accident.
I am greatly fascinated by the money mindset that the rich have. Not their lifestyle, mind you – looking rich is not the same as being rich – but their mindset: what they learned from their parents (if they were born rich) or from life experiences (if they worked hard to get there).
Here are some things that I’ve learned about rich Malaysians.
In November 2018, I attended a digital marketing bootcamp where I learned about the many types of martech tools. For example, chatbots which reply to people who type ‘pm’ in Facebook posts. Platforms connecting companies with influencers. Automated video creation tools. And more – I’m barely scratching the surface here.
Martech is fascinating to me for a few reasons:
It’s quite fun to go to a company’s website/platform and see what kind of martech tools they are implementing. Last time, they used to prioritise collecting emails. Now, I’ve received promotional updates via Facebook Messenger too! (I hate this btw, so invasive, any company that does this will not get my money)
Which martech tools can *I* use for my own websites? I’m constantly trying out new ones, hoping to find the perfect free+good combinations. Many martech services use subscription-based models, and they can get pretty pricey.
Learn about martech. If you’re a business, it’ll help you make/save money. If you’re a consumer, you’ll be more aware and therefore less susceptible to strategies companies use to part you with your money.
(okay I cannot take all the credit but some la okay some)
(I’m not perasan they told me one)
You know where else money discussions are spilling over, aside from websites and blogs? Instagram. Yes, Instagram, the platform you log on to get jealous over other people’s perfect-looking lives (I’m not wrong).
So you can imagine how pleasantly surprised I was by the emergence this new trend, of Malaysians sharing about personal finance in their Instagram accounts (instead of the usual food, fashion, beauty, travel, etc). I love following them, and find them therapeutic – as I scroll down my feed, my bouts of envy is naturalised by money quotes and reminders to not spend money!
Here are 14 personal finance Instagram accounts that Malaysians should follow. This list is in no particular order.
EDIT: If you are a personal finance Instagrammer, and you’re not listed in this article, please drop a comment with a link to your profile 🙂
Aside from the above, I also want to feature some people in the zero waste movement who are leading by example. They prioritise DIY culture, consuming less and buying local & natural. We can learn a lot from them, and save a bunch of money in the process, too!
Different headlines by different news publications reporting from the same source – ‘The State of Households 2018: Different Realities‘ report by Khazanah Research Institute.
There are lots of data inside both articles, but here’s what you need to know: the poor spend a much bigger portion of their income on expenses, leaving them without much safety buffer (if any) for emergencies.
With Budget 2019 coming up, I expect lots of financial support given to this income group (as it should).
If you’re into Malaysian stocks, you must have heard of Leigh from DividendMagic, the 28-year old financial blogger. Leigh’s investment of choice is dividend investing, and in his blog he freely (and anonymously) share the stocks he keeps (and sells) and how they perform over the years.
I told Leigh how stocks have always been intimidating for me, and asked if he could teach me how to read financial statements so I will know what information to look out for in that long-ass document. He said yes 🙂 With his permission, I’m sharing what I learned with you people too!