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How to React to the drop of MYR

How to React to the drop of MYR

You do not have to be an economist to recognize it, when you look at long-term cycles. I believe and have been saying for more than 3 years that this cycle will come.
It is therefore logical that it will be more stable over the long term. So when the USD struggled after the Global Financial Crisis, for me I always saw that it would recover to more “normal levels”.
Similarly the GBP has always been a strong currency, and for me it was inevitable that it would strengthen again, eventually.
What we are seeing in the market is the recovery of those currencies, and not just a decline in the MYR.

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GST in Malaysia

GST in Malaysia

First of all let me tell you that I think GST is a good thing.
I truly believe that in time this will have little true affect on you as the consumer.
The reason I say this, is because in fact prices have been rising very fast in Malaysia, and this is due to the fact that consumers keep buying. Malaysian GDP continues to grow, there are more millionaires than ever before, and people are spending more money than ever before. With GST or without GST this is what has been happening.

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How to react to the drop of MYR?

How to react to the drop of MYR?

If you have assets, and particularly lazy assets in Malaysia, then you should certainly be opening your mind to Global Opportunities, borrowing in Malaysia, or using your cash sat in Malaysia and investing abroad. That said it is not all about currencies, so you must take into account all factors, and what they may mean to you.

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It is so easy for you to make money

It is so easy for you to make money

Imagine for a moment a very old and run down hotel. It is very shabby, not welcoming at all, and the service is terrible. In some places the plaster is falling off the ceiling, the lights do not work properly (you get the picture?)

It is constantly struggling with cash flow, and all of the employees are just going through the motions, hoping for the next pay cheque.

Now imagine that someone comes in with a completely new vision. They knock down the old hotel, and dig deep into the foundations, to remove any issues.

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The Money Lie

The Money Lie

One of the biggest excuses people use in order to not have what they want is money (or more specifically a lack of money). If you carry this lack of money thinking and feeling, then you are already guaranteeing that you will not succeed financially.

The truth is that there is an abundance of money, and an abundance of opportunity for everyone. The only restrictions to this are those that you create and impose on yourself.

It is simply not true that money alone will provide you with happiness, success and fulfillment.

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