What’s turning me off from applying for a PR in Australia?

What’s turning me off from applying for PR in Australia?

Just a few points:

1. It takes a long time to actually get an answer on whether or not you get your PR. During the waiting period, it’ll be very hard to get a permanent/full-time employment anywhere.

2. You need to work in your nominated industry for a certain period of time. God knows I’m not too keen in being in the accounting profession. I was actually contemplating jobs related to the finance industry (trading, financial planning, and etc.) before proceeding to flying.

3. Unless you get a good-paying job, things can be rather expensive over here.

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How do I trade CFDs and international stocks/securities from Malaysia?

In preparation of my return to Malaysia, I’ve been looking at ways on how I could trade CFDs and international stocks/securities from Malaysia.

Do you guys have any idea?

I had a look at IG Markets Singapore and City Index Asia but I have yet to contact them on the procedures and requirements involved.

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CPL/IR and ATPL as my Postgraduate Studies

There are a few who asked me why am I embarking on my flight training and aren’t I too old for it.

Well, to me, it makes a lot of sense. For one, I love everything about flying and the aviation industry. Secondly, there’s no such thing as being too old to achieve your dreams. Plus, I’m only 23 right now.

There were also those few who asked me, what’s the use of my accounting degree then?

My explanation is usually this. Not only do I want to fly, I would also like to be involved in the management side of things. Not only that, I plan to have my own business one day. At least, I have some background in business and not just the technical side of things.

Also, to put that into perspective, you’d see others doing Masters and PhDs as part of their postgraduate studies. Well, I see CPL/IR + ATPL as my Masters studies. For others who asked whether I’ll be doing any postgraduate studies after my bachelor’s degree, indeed I am.

For those who do not know:

CPL = Commercial Pilot’s License

IR = Instrument Rating

ATPL = Airline Transport Pilot’s License

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I’ll be returning to Malaysia for good next year… And that decision’s final!

After thinking everything through and writing pages upon pages of projections and plans, I’ve decided that I’ll be returning to Malaysia by the end of March next year. Unless something of significance happened before I return home, that decision’s final. I’ll be finishing my studies by the end of February 2010 and will probably attend my graduation sometime in May (if I do attend that is).

So, why the change of heart? Probably beause I feel that applying and waiting for PR just takes too long. A friend of mine took 8 months before he received a green light from the Australian Government while others still haven’t received any news yet. Plus, to look for jobs after that will take even longer. There’s just too much uncertainty involved. Time is of the essence for me, so I don’t think I’ll be gambling away my time.

I also think that the prospect of breaking into business is much higher in Malaysia, albeit all the red tape.

Upon returning to Malaysia, I plan to work for a few months, and then put full concentration on my flight training (if I still unable to land any airline sponsorship). My money’s on Malaysian Flying Academy (MFA) at the moment.

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Selamat hari raya everyone! Maaf zahir dan batin :)

To every single one of my readers, I’d like to wish you all Selamat Hari Raya and Maaf Zahir Batin! πŸ™‚

My goodness, this industry involves loads of reading!

One thing for sure is that being a participant in the financial market yourself involves tonnes of reading!

I’m not working for any institutions. I’m only a private investor & trader and even then, I have to do a lot of research and studies to keep myself up to date.

A few hundred pages a week probably… I seriously hope that I don’t get burned out…

Just imagine what people like Donald Trump and Prince Al-Waleed Talal have to go through to keep themselves current. Talking about newspapers alone, I’ve heard that they have to go through a number of them each day.

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You’ve got to make life choices sooner or later

Choices that I’ll be making and pathways that I’ll choose in the next 6 months will lead me to either two ofΒ  these situations:

My life will go into a spiral dive…

or…

my life will be a successful and happy one.

And I’m really afraid that it’ll be the former… If I fail, I’ll fail big time…

But hey, that’s life! Think positive πŸ˜€
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In which situation would you rather be in?

Which situation would you rather be in?

1. Doing something that you love but you have to live in pain and suffering for a while because of it.

or

2. Live comfortably and in ease but waking up every single day knowing that you’re doing something that you don’t love at all.

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Golf: A Psychological Game

Any golfers out there?

I started playing golf since I was in Form 3 (15 years old). Or was it earlier? Can’t actually remember.

The first few years was pretty frustrating until I met this one amazing golf instructor. Too bad I lost contact with him already.

Anyway, when I went to college in Nilai, I trained under a new instructor who apparently trained in California and bla bla bla. Well, I screwed up my swing and got hold of some really bad habits. I couldn’t hit right for 1 year plus.

After college, went back home and went to train under my old instructor again. Thank goodness I got better!

Being in Australia, I did manage to play a lot in the beginning but life took hold and golf is now in the back burner. I’m starting to play again slowly and I’m really hoping that I can improve my swings pretty soon.

The major problem that I’ve always had when I play on the course is pscyhology-related. I can swing amazingly on the driving range but when it comes to playing when it matters, I shank, I slice, and I hook. I just can’t handle the pressure. Kadang-kadang, malu wei!

Thus the reason why I’m a bit embarassed when people invite me to play golf with them πŸ˜‰

By the way, to illustrate my horrible-ness as a golfer, my handicap is 24 πŸ™

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Nadlique’s problems with having cash on hand

I actually have a big problem with leaving too much resources in the form of cash in my bank account. The problem is, I tend to overspend. Also, I’m not really good at sticking to a budget. I often use budgets to project my spending but when it comes to actually adhering to it, I’m hopeless.

I have been thinking to myself, how do I deal with this problem?

Well, perhaps the notion of “Asset Rich and Cash Poor” is not so bad at all.

One way that I have thought about is freezing my money. What I mean by that is probably by way of converting cash into something else. Converting the cash into cold hard assets.

First thing that I need to consider is by having enough money in my emergency account and enough money to cover my monthly expenses. Then all my other/extra savings need to be converted into assets quickly. Some options are:

1. ASB or Tabung Haji or Fixed Deposit Accounts (i.e. hard to reach places)
2. Buy mutual funds/unit trust
3. Buy stocks
4. Buy investment properties (mortgage on my property = forced saving)

In other words, I want to try to have as little “liquid cash” as possible. I’m just too afraid of spending it all if I have access to it 24/7.

Personally, I think that being “Asset Rich and Cash Poor” is better than having too much cash on hand and end up with spending it all. But really, I think this applies to the early stages of my financial freedom journey. Perhaps, when I am indeed financially free in the future, I can be a tad more extravagant in my spending.

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