I’ve seen too many content creators on Facebook asking questions like, “How do I make my content go viral?”
This question assumes that the content creator is solely responsible for crafting content so that it becomes viral.
When this doesn’t happen, the content creator becomes frustrated that they “aren’t getting it” and either quit or invests hundreds or thousands of dollars in courses in a futile effort to find that elusive “viral formula.”
The serious flaw in this assumption is that it completely disregards external factors’ role in determining whether or not content can go viral.
I discovered three crucial…
1. Personal Finance
3. Public Policy
I predominantly write personal finance articles on Medium. My three best-performing articles are related to tips, tricks, and frameworks for increasing personal wealth.
I have also dabbled in other areas including discussing the freelancing life, public policy-related writing, and even satire.
My personal finance mantra is described in eight words:
Earn more than you spend, invest the savings
I organise my personal finance articles around three topics: (i) increasing earnings, (ii) optimising spending, and (iii) investing. …
Freelancing sometimes feels like cycling between feast and famine. Although I have enough clients to bill regularly to keep the lights on, I still appreciate having side hustles around as an additional income source for savings and investments.
I believe in a simple mantra to build wealth.
Earn more than you spend, invest the savings.
I’m a full-time writer. I’ve been extremely fortunate in the past few years to have enough work to pay the bills. So, I keep my spending low and limited to my primary source of income.
My side hustle income goes entirely to savings. …
One rule of thumb to evaluate how much you need to retire works something like this:
Estimate how much you need to spend in your first year after retirement. Multiply that number by 25.
However, this approach can be intimidating. The net worth you will need to retire, even for a modest degree of post-retirement spending, quickly reaches a million dollars or more.
But, as this article shows, the assumptions used in this common rule of thumb might not be realistic for everyone looking towards retirement.
Instead, by observing how most average households behave post-retirement, the common rule-of-thumb might be…
The title reads like clickbait but, I promise you, you can 10X your savings in 2022. To achieve this, you will need to develop only four healthy money habits in 2021.
But, before we get into these financial resolutions for 2021, allow me to make a short diversion into some arithmetic to convince you that it is possible to 10X your savings.
Savings = Earnings — Expenses
Because savings is influenced both by the amount of earnings and expenses, small earnings increases, and small expense decreases can combine to have an outsized impact on your savings.
Using this equation, if…
I’ve made several significant career changes throughout my professional life.
I began my university career as a medical student before moving to computer science in my final year. After that, I worked as a programmer in an investment bank before moving into IT consulting.
I returned to school to study finance before working in IT sales and business growth in the corporate world. I made the switch to freelancing 14 years ago and have never looked back.
So trust me when I say I know how terrifying it is to jump from a “safe” job into “the great unknown.”
I’ve just spent 5–6 hours planning and drafting my article. I put it through every possible spelling and grammar check I could think of. It’s as polished as it gets.
I’ve checked it again. I think it’s fantastic, so I submit it to my favourite publication.
A few days later, I receive the dreaded message from the editor, “We’ve decided to pass on this article…”
Fine, I submit my article to another publication. A few days later, I receive the same message.
I go to Facebook and post links to my article on all the groups I know. In exchange…
I grew up in a middle-class household in Malaysia. Before I was born, my parents saved up money to send me to an exclusive private school.
They weren’t rich, but as “typical” Asian parents, they valued education and made numerous sacrifices to ensure I received what they considered to be an “excellent education.”
As a result, I studied in a private school with an average of 20 students per class, as opposed to most state schools, which had class sizes of between 30 and 40 students.
Being privately educated meant I was mixed in with other middle-class students in a…
A while ago, I worked for three months in a company that offered “academic writing services”.
You might assume that this means they assist academics with editing their research grant applications or their academic journal submissions.
Nope! It was an essay mill whose entire business model was based on writing essays and dissertations for students who couldn’t, or wouldn’t, write their own. Instead, they pay these essay mills to find a writer to write these essays for them before passing them off as their own work.
Students who didn’t know enough about their subject or didn’t have the writing skills…
The mainstream financial press frequently touts frugality as a panacea to many financial problems. I hate to break it to you, but there’s also such a thing as excessive, or “toxic,” frugality.
I’d like to share a family story in which my rich uncle’s toxic frugality set off a chain of bad decisions that blew up his $3 million net worth in three years.
You know all those things that “personal finance gurus” are always telling you not to buy, like take-out coffee or designer clothes? Ironically, my uncle could have saved money if he just bought those damned things.