Ep 96: Being Mr Stingy | Aaron Tang (Blogger&Country Manager of Malaysia's First Regulated Crypto Exchange) - a podcast by Ling Yah
from 2023-12-13T20:10:48.700523
Aaron Tang is a popular Malaysian blogger known as Mr Stingy (on personal finance & career), and the Country Manager of Luno - Malaysia’s first regulated cryptocurrency exchange.
In many ways, Aaron’s career has been dictated by his “maximizer personality” & desire to make the greatest use of the resources he had.
This has resulted in some pretty ingenious moves, including a use of multiple credit card schemes to pay off his RM58k student debt at the start of his career!
In this episode, we explore Aaron’s journey from a high flying oil & gas career to the world of social entrepreneurship (he took a 50% pay cut!), why he started the Mr Stingy blog and how that landed him a job in the crypto world as the current Country Manager of Luno.
And of course, all things crypto/NFTs/DAOs!
Highlights:
- 3:06 Maximiser personality
- 6:51 Being a Petronas scholar & breaking his bond
- 9:18 Paying off his remaining RM58k student debt with credit cards (p/s: not financial advice!)
- 12:46 Making a contrarian move in his career
- 17:15 Tendering at a bad time
- 19:04 Taking a 50% pay cut
- 24:21 Maximising profits v helping the greatest number of people
- 25:20 Feedback loops
- 25:50 Starting the Mr Stingy blog
- 34:46 How Aaron started writing for the Huffington Post
- 35:46 How blogging got Aaron a job in the crypto space
- 36:54 Discovering bitcoin
- 38:05 Putting skin in the game
- 41:47 HODL & toxic positivity
- 42:43 Going through a baptism of fire as Employee #1
- 43:44 Becoming the Country Manager of Luno
- 45:06 Being a regulated digital asset exchange
- 47:35 What regulators are most concerned about
- 48:55 El Salvador
- 49:42 Anti-money laundering concerns
- 53:50 Algorithmic stablecoins
- 54:35 Why Luna crashed
- 58:31 Are play-to-earn games all about insider trading?
- 1:00:14 Eating humble pie
- 1:01:44 Big idea that Aaron has changed his mind on
- 1:05:34 Underdogs
- 1:06:48 DAOs
📍Show notes: www.sothisismywhy.com/96
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