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money

Link Roundup #15: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. 101 Ways to Make More Money – Forbes

A great list of money-making ideas. Some of them are not applicable to us Malaysians (do we even have mock jury duty jobs?), but most of them are possible.

I have personally done at least 11 of the ideas in the list, and in the process of doing one more – publish an (e-)book (the update). How many have you done, and what are you planning to do next to get more money?

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How You Behave With Money, According to Your Personality

Because money and personality are two topics I love to mesh together.

Your Personality, Using the Big Five Personality Traits

Before we go on, we have to spend some time talking about personalities – what is its definition? In comes behavioural science.

The book Me, Myself, and Us: The Science of Personality and the Art of Well-Being by Professor Brian R. Little gave me some great info about the categorisation of personalities, so I’m going to use that. There are many ways to test personality types, including the popular Myers-Briggs model, but Prof Little said the one I’m about to share is the most peer-approved one.

Note: It’s important to remember that for most people, it’s never as clear-cut as A or B (ie, introvert or extrovert). It’s more like a spectrum. Not only we can have qualities of both, we can adjust it to the situation as well.

The Big Five Personality Traits which can be used to explain the spectrum of our personalities are:

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Guide: What To Do When You’re Tight With Money

tight with money

While I have never been truly broke, I’ve had moments when money was tight. It became necessary to save money. It became necessary to allocate where each ringgit should go.

Therefore this guide. Here I’ve compiled all the strategies you can use to get through moments when you’re tight with money. To make things clear and actionable, I have divided the strategies into categories.

Remember that:

  • Cut down expenses = Awesome (this post focuses on this)
  • Earn money = Awesome
  • Investing money = Awesome
  • Cut down expenses + Earn money + Investing at the same time = HOLY GRAIL TO FINANCIAL INDEPENDENCE YEAH
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35 Things That Happen When You’re Good With Money

good with money

I notice that these things happen to people who are good with money. Not saying I’m that great (OK OK only), but I try. They are based on personal experience and anecdotes collected from various personal finance-related forums, blogs and other sources online.

These are meant to be humourous, so don’t take them too seriously!

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How to Digitally Protect Your Money – A Checklist on Digital Security in Malaysia

digital security in malaysia

Hacking. Ransomware. Phishing. It’s a scary time for all of us, especially now that most of our money is digital. ‘Digital’ here refers to money and assets that are reflected in your various banking and investment platforms when you log in.

Digital security is not something you can ignore anymore, dear readers. Imagine logging in one day and finding that your account balance is zero, depleted, transferred out. You’ll stare at the screen in disbelief. You’ll check if the account is indeed yours, and try to remember if you made any transactions that you forgot about (you didn’t). Then, as the panic seeps in, you’ll contact the platform’s support team, only to be told that there is nothing they can do.

To the best of my ability, I’m compiling a checklist of things you should do to make sure your digital money is adequately protected. This article is not complete, digital-based scams evolve all the time, so please help me to update this article if you have anything else to add.

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23 Malaysian Statistics About Money That Will Make You Think

Statistics About Money

Let’s do something a bit different than usual. Statistics about money can offer a lot of insight about our financial situation. Here, I listed many facts and figures from reputable Malaysian media, educational institution and government agencies. Sources are in ‘x’. Let’s get talking – click to tweet to start online conversations about it. I will RT good commentaries 🙂

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My Total Income and Expenses in 2016

I truly believe that personal finance is beyond just simple, boring money. They show insight of who you are, as a person. They show what you decided were important enough to spend money on, and serves almost like a diary.

Well, this is my 2016 diary. It’s a bit nerve-wracking to show them, so be nice ya 🙂

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12 Types of Investment Available in Malaysia and The People Who Have Them

types of investment available in malaysia

If you were to check out personal finance and investment commentaries – from blogs, forums, websites – you’ll see that different people have their preferred investment vehicles (types). It’s very interesting, because after a while you start seeing a pattern: people who prefer investment X tend to be Y. It’s fascinating.

Look at this from a behavioural point of view. Many personal finance and investment experts like to say ‘select an investment that works for you’, but what does that mean exactly? How do you choose from many different types of investment available in Malaysia?

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