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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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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U.S. Government Bailout Plan rejected, and the stock market had one of its biggest one-day drop in history

If you have been following the news for the past 24 hours, you know what I’m talking about.

At first, the U.S. Government plan to bailout the banks was a done deal. Things were starting to look rosy again. The next thing you know, wham, the bill was rejected, and it was kicked right smack on its backside.

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Sudah lama ku tidak mengikuti perkembangan dunia dan mengemaskini blogku

…And there’s a good reason to that. Apart from being excessively busy for the last couple of weeks, my internet connection has been speed-limited. Reason? Well, I’ve gone over my download quota for the month. Adoiiii.… It’ll reset in the next couple of days, thankfully.

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