[Post 410] Malaysia’s Brain Drain, The Ringgit, Inflation - Plus An Upside For Expats

Summary

For Malaysian Mohd Hafizie Shamsuddin, choosing to work in Singapore allows him to earn up to 4 times the amount of ringgit as opposed to what he’d earn in Malaysia due to the falling Malaysian currency.

How does the depreciation of ringgit accelerate brain drain in Malaysia? For expatriates, why is Malaysia more attractive? 

[Post 409] How To Choose The Right Insurance For You | Money Mind | Financial Planning

Summary

Having sufficient insurance is a key part of individual financial planning. So what are the key questions you need to ask yourself about which insurance is right for you, at different stages of your life?

[Post 408] Hong Kong In The Greater Bay Area: Can Pearl Of The Orient Regain Its Shine? | Insight

Summary

Slowing growth, weak investor confidence and brain drain - Hong Kong, the Pearl of the Orient, may be losing its lustre. Could its future lie in the Greater Bay Area, an economic integration project joining the Special Administrative Region to Guangdong and Macau? 

Over the next decade, greater transport, administrative and economic links will tie Hong Kong inextricably to Southern China. But will Hong Kong find opportunity or obsolescence in the Greater Bay Area? And with around two decades till the end of "One Country Two Systems" in 2047, is the Greater Bay Area a way to assimilate Hong Kong with the Mainland?

[Post 406] Which Magnificent 7 Tech Stocks Are Worth Buying? | Money Mind | Tech Stocks

Summary

They’re the tech stocks moving markets – so are the Magnificent 7 a must-buy? 

[Post 405] Why A $100,000 Salary Can’t Buy The American Dream

Summary

More than half (52%) of Americans say they would need at least $100,000 a year to be financially comfortable, according to the August 2023 CNBC Your Money Survey. It’s becoming increasingly more difficult to achieve the American Dream, especially as younger generations are beginning their adulthood with thousands of dollars in student loans. Watch the video above to learn more about how much it costs to achieve the American Dream.

[Post 404] My Korean Restaurant Brings In $1.8 Million A Year – Here's What It Costs To Run

Summary

At 27, Ji Hye Kim quit her long-time job at a medical administration company to become a cheese monger at Zingerman's Deli in Ann Arbor, MI. Eight years later, she opened her own Korean restaurant: Miss Kim. Ji Hye is now a James Beard Award semifinalist. In 2023, her restaurant brought in $1.8 million in sales. Ji Hye passes much of that revenue on to her staff, paying them $12-$15/hour and sharing the restaurant's profits with them.

This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

[Post 403] I Bought An Ice Cream Shop — Now It Brings In $1.2 Million A Year

Summary

Shawn Allard, 27, quit his job as a dental consultant and decided to buy two Arizona ice cream shops called Novel Ice Cream. In 2023, the business brought in $1.2 million in sales.