The deflation IS JUST FOR JANUARY 2019. As someone on Ringgit Oh Ringgit FB rightfully pointed out, one month’s stats is not a trend made. Plus, the deflation only occurred because Transport category fell so much (-7.8%).
But still, while we’re on the topic, I wanted know if deflation is good or bad. Learning opportunity and all right. This short video is the easiest way to learn about the effect of deflation.
I hope this deflation trend doesn’t get out of hand.
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?
This content is so good I’m breaking my personal ‘no f word in the blog’ rule. The Fuck-Over-Ability Index is an actual calculator they invented to measure how ‘fucked over’ you are in your life. Said situation is calculated based on how much you need your job because you need to pay your monthly commitments, like mortgages and car payments. The higher your score, the more likely you will put up with your crappiest bosses.
The author admitted they were drunk when they discussed and created this lovely thing. This article is definitely in the category of dark humour.
I’m just 28, but the idea of retirement have fascinated me for a while. I still don’t know how I feel about it. Sometimes I think that retirement is an entitlement for productive members of society, while other times I think it’s incredibly wasteful, even discriminative, to suddenly force someone out of a trade, profession or career due to her or his age.
Growing up, I simply assumed there is just one type of retirement. You serve your company for decades, then receive pension/retirement savings to retire at 55-60+ years old to make room for younger folks. I think many of us have this impression as well. This is the traditional formula in life, isn’t it? Birth, Play, School, Work, Family, Work, Kids, Work, Retire, Die.
This formula doesn’t particularly appeal to me, but I admit that I’ve never been drawn to the Kids part. My ideal family structure for now is DINK = Dual Income, No Kids. Also, I’d like to retire early and retire young.
Thankfully, I’ve met some people during my travels and read first-hand accounts of actual retirees (thanks, Internet). Some of them have kids, some of them don’t, but they do have one thing in common – they like the idea of being self-sufficient and not being a ‘burden’.
Here are 10 ways to retire. Some of them may overlap.
In my previous sponsored post about retirement, I talked about the importance of saving up for retirement, because the fact is that the majority of Malaysians don’t have enough money to support their golden years.
Who best can show you the reality of retirement, than actual retirees in Malaysia? Here are 3 retirees, and what they’re doing now to financial support themselves.
Earlier this month, I was contacted by CompareHero, who wanted my opinion on retirement in Malaysia. This is what I said:
“Not being able to afford retirement is scary to me. I can’t imagine how unbelievably stuck that must feel. I don’t want to be 60 and in pain but have to push myself to go to work every single day just to be able to pay for medical bills.
This is why I am a big fan of EPF, PRS and achieving financial freedom. And if the maths say I must start now, in my 20s, then I guess I must start now. Maths doesn’t lie!”
In 2015, I took advantage of the PRS Youth Scheme, invested RM1000, and received RM500 from the government. Let’s put all the stuff I researched about PRS into a compilation. Hope this helps someone out there!