All Currencies Accepted

In search of the art of making more money
December 10th, 2007

Tips to saving moolah - #004

Save on toiletries by capitalizing on repackaging
Recently I’ve been able to pick up a number of good deals for toiletries by using the manufacturer’s marketing plan to my benefit. My family uses Dove and Head ‘n’ Shoulders regularly and recently both brands underwent a makeover in terms of packaging. Because supermarkets need to get rid of old stock before they can start selling the new stock, they tend to sell the old stock significantly underpriced (and the new packaging normally comes with a price increase). When that happened, I quickly snapped up an addition bottle of each product for my stock even though I wouldn’t run out of it for some time.

Savings? Approximately RM8.00 for the Dove bodywash and RM1.00 for the Head ‘n’ Shoulders shampoo.

I used to think that I could not possibly find a single sen more from where I was already spending it. I was wrong. Heh. All I needed to do was look at it from a different angle. (Now as always, I’m not the type to go and give you advice that I myself have not done before.)

November 25th, 2007

Tips to saving moolah - #003

Go digital with your bills
You might not notice it, but some of your service providers actually charge you to send you your monthly bill or statement. If you go through the fine print, you might just find it. For me, it was my monthly mobile phone bills. My service provider, Maxis, actually charged me RM5 to send me a printed bill monthly. Not much, sure, but it is still moolah that I can save, right? Also, the less paper you use the more you’re helping to save our environment. There’s just one thing I need to warn you about though. Even though the physical paper bill stops coming to your house, you should always check your electronic bill as you would the physical one.

Cost of switch? Nil. I just logged on to my account online and requested that they send me the statement via email instead.
Savings? RM5 monthly
In the long run? RM5 x 12 months = RM60 annually

I used to think that I could not possibly find a single sen more from where I was already spending it. I was wrong. Heh. All I needed to do was look at it from a different angle. (Now as always, I’m not the type to go and give you advice that I myself have not done before.)

November 15th, 2007

Malaysian 1 sen coin to be phased out

I’m one day late with this news, but better late than never, eh? The Malaysian government announced yesterday that by 01 April 2008, the ubiquitous 1 sen coin would no longer be legal tender. This effectively means that the consumer has about five months to get rid of whatever 1 sen coins they have lying around in their pockets, purses, cars and houses before it becomes a worthless copper coin. The Bank Negara says it will save RM18 million yearly on production of 1 sen coins with the implementation next year.

However, consumers are informed that ALL payment totals will be either rounded up or rounded down depending on the final total. I wonder whether the consumer will benefit from this move or will businesses stand to gain more? In the long run, I think businesses will stand to gain in the long run as I’m sure that prices of a lot of goods will be ‘restructured’ to take advantage of this situation. This is even more incentive for me personally to save more because this ‘penny saved’ can never be earned again in the future!

November 8th, 2007

Tips to saving moolah - #002

Ditch your pay TV subscription (or lower it)
More and more middle class homes have pay TV subscriptions nowadays, with hundreds of channels at your fingertips, compared to the days of old when there was only two or three channels to choose from and having a television set was a real big thing. I got along just fine in my childhood with three terrestrial channels to watch and the only time cartoons were on were the weekends. Then came pay TV - in my case, the now defunct MegaTV and later Astro. We signed up for pay TV against the mild protests of my mum, which was pacified with the introduction of Hong Kong movie/serial channels. As always, it took a pay increase by the service provider (Astro) to wake us up.

Ever the voice of prudence, my mum suggested that we ditch it completely. I protested. We reached a happy (for now) compromise by dropping the Asian, news, cartoon and movie packages but retaining the basic package together with the sports and learning packages. That cut our monthly bill by around 40% immediately. And we found that we really didn’t need all those other channels after all. We might go ahead and cut down even more packages if I can find a cheap alternative for watching all of my favorite series.

Cost of switch? Nil. I just had to place a call in to the service provider and the change was effected instantly.
Savings? RM105 - RM60 = RM45
In the long run? Assuming 1 year duration on average = RM540

I used to think that I could not possibly find a single sen more from where I was already spending it. I was wrong. Heh. All I needed to do was look at it from a different angle. (Now as always, I’m not the type to go and give you advice that I myself have not done before.)

November 1st, 2007

Tips to saving moolah - #001

Besides making more moolah, another way of finding more moolah in your pocket is to save it. Any tips on saving moolah on this site will be marked with the same title as shown above and a serial number.

I used to think that I could not possibly find a single sen more from where I was already spending it. I was wrong. Heh. All I needed to do was look at it from a different angle. (Now as always, I’m not the type to go and give you advice that I myself have not done before.)

Stop buying the daily newspaper
I used to think that the daily papers was a necessity. When I traveled by commuter train, I could get a free copy of The Sun but when I switched to driving my car, I ended up buying The Star daily because my office building didn’t have the free paper giveaway. Then when the prices of newspapers increased, I thought, hey, I can do without this. I don’t need to know everything that’s going on in Malaysia right now and don’t you think the papers print mostly bad news anyway?

Nowadays, I just go online and read the headlines that interest me. I’m not denying that there’s something very retro about hearing the newspaper pages rustle and actually feeling it in your hands but think of it this way - you’re also saving the environment this way because fewer trees have to be cut down to produce newsprint.

I’ve also tried to convince my father to do the same and while he’s managed to do so on weekdays, he never fails to buy the papers on weekends (even though he could read it online like I do). I don’t nag him for it because it’s already a savings that we don’t bring back two copies of the same day’s news.

Cost of switch? Nil. It just took a change of routine.
Savings? RM1.20 (weekdays) x 20 days + RM1.50 (weekends) x 8 days = RM36
In the long run? Assuming 1 year duration on average = RM432

October 29th, 2007

Blogging is easy and rewarding

There are plenty of ways to make money online, most of them legit and some just faintly stopping short this side of being a scam. For me, the easiest way to dabble in making moolah online is to go about it by blogging. Thousands of people all over the world have already jumped onto the bandwagon by getting paid to write sponsored posts or reviews. And if you think Malaysians can’t do it, let me point you to two pretty good examples: 5xMom and Kenny Sia.

First up, 5xMom aka Chan Lilian resides in Penang and is the mother of all moolah-making bloggers in Malaysia simply because she’s so darn successful at it. Don’t believe me? Click here to see how much moolah 5xMom made in one month. If that didn’t motivate you, I don’t know what will.

At the other end of the spectrum you have Kenny Sia, who gets invitations by the bucket load (or so it seems) to review and give away stuff or cover events like concerts as an official press blogger. He truly lives a jet-set life because of his blog.

Blogging is also the way I’m making my moolah so this is the way I’d recommend! But as always, none of these bloggers came by their success the easy way - although blogging is easy, they worked hard and became good at blogging to make their thousands. Will you do the same?

October 25th, 2007

Making moolah online can be free, but it’ll cost you time

There’s a Chinese saying that says you have to have and spend moolah first in order to make more moolah. Well, thankfully you don’t have to do so in the online world as you can get many things for free, but you’ll have to be prepared to invest your time. A lot of time, especially if you want to make more than just a bit of moolah.

I personally spend many of my free-time hours weekly focusing on how to make more moolah online. It can take anywhere from an hour or more on weeknights to 3 - 4 hours on weekends. I find that this is a productive way of keeping myself occupied instead of frittering my time away on other, less profitable things. Right now, the additional income I get is equivalent to 25% of my monthly salary, which works out to roughly 3 months of bonus salary yearly. I’m aiming to increase this amount gradually to the point where my other income outstrips my regular salaried income so that I will be free to do whatever I want in life.

Sounds good so far? But a word of caution: as with all investments, you don’t get to see the fruits of your labour until say, about four months down the road. If you’re willing to invest your time for that period of time, then I say welcome to the club!

October 22nd, 2007

Because everyone needs more moolah

Dollars. Cents. Pounds. Pennies. Euros. Yen. Roubles. Pesos. Dinars. Rupiah. Ringgits. Sens. All these words refer to various types of currencies around the world. Simply put in the English language, it’s money, or as it will be more popularly known on this site - moolah.

I started this site for one purpose and one purpose only. To make more moolah. In whatever form I can find it, hence the blog’s title - All Currencies Accepted. Maybe I should have named the subdomain money, but I prefer biz because it has a wider meaning. And the tagline accurately reflects my thoughts - In Search Of The Art Of Making Moolah.

I’ll be posting about what I do in my quest for more moolah and I hope that you’ll find it informative, entertaining and helpful to you at the same time.

Here’s to all of us making all the moolah we’ll ever need!

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