The most important education that I believe we should receive during school and college time is 'finance study' or 'money and you'. How often do people earn a $1000 dollar, only to find out that his/her expenditure is $980 at the end of the month? This is mainly due to bad planning and poor financial grasp of reality, which again attributed to the lack of course and lessons we had in school in our early days.
As bad as it can be, a poor planning would virtully mean you've screwed your whole month activities, and waiting for a turnaround next month. This kind of thinking and scenario plagued alot of new entry employees around the world and as most of the motivation book mentioned "the rich will not teach everyone the secret towards wealth", hence we have alot of these people around.
So how to save money? If you earn RM1K and spent RM999 type of guy, when only you will save enough for that Nissan Skyline R34 GT-R V-SPEC NurII? When only will you have enough money to run your marriage ceremony at E&O hotel with 100 tables? Guess the answer to this question is breakthrough...
One will need good discipline, high amount of trust, and strong commitment to make the leap of faith.... one which I'm not prepared to do just yet.
So it's back to Maggie mee and 60km/h kind of lifestyle for now.
Sunday, February 11, 2007
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1 comment:
... Since I also play webdota, I will give you some financial advice (being a "rich person" as you mentioned)
Your way of thinking itself is WRONG! To think that you must save save save your monthly income and not spend so much... so that you can soon SPEND even MORE. That is the strategy that will make you poor and in debt forever. What you (and everyone) should do is, save and reduce spending to build up some capital for INVESTMENT. Whether stocks, unit trust, starting a business, buy property... you must use your money to make more money. Buying a car or E&O dinner is basically money down the drain, once you spend it it is GONE. most important: don't listen to idiots who say "but money is MEANT TO BE SPENT, so we must spend spend spend, don't spend money just collect also no point!"
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